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v3.20.2

Segment and Geographic Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Schedule Of Financial Performance By Reportable Segment | The following tables present our financial performance by reportable segment for the periods indicated (in thousands):
| North America |  | Europe |  | Specialty |  | Eliminations |  | Consolidated
Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Third Party | $ | 1,011,136 |  |  | $ | 1,211,185 |  |  | $ | 404,002 |  |  | $ | — |  |  | $ | 2,626,323 |
Intersegment | 259 |  |  | — |  |  | 872 |  |  | (1,131) |  |  | — |
Total segment revenue | $ | 1,011,395 |  |  | $ | 1,211,185 |  |  | $ | 404,874 |  |  | $ | (1,131) |  |  | $ | 2,626,323 |
Segment EBITDA | $ | 149,554 |  |  | $ | 89,387 |  |  | $ | 52,233 |  |  | $ | — |  |  | $ | 291,174 |
Depreciation and amortization (1) | 25,050 |  |  | 40,493 |  |  | 7,387 |  |  | — |  |  | 72,930 |
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Third Party | $ | 1,321,670 |  |  | $ | 1,516,240 |  |  | $ | 410,263 |  |  | $ | — |  |  | $ | 3,248,173 |
Intersegment | 96 |  |  | — |  |  | 1,373 |  |  | (1,469) |  |  | — |
Total segment revenue | $ | 1,321,766 |  |  | $ | 1,516,240 |  |  | $ | 411,636 |  |  | $ | (1,469) |  |  | $ | 3,248,173 |
Segment EBITDA | $ | 190,048 |  |  | $ | 116,281 |  |  | $ | 52,367 |  |  | $ | — |  |  | $ | 358,696 |
Depreciation and amortization (1) | 22,425 |  |  | 46,774 |  |  | 6,955 |  |  | — |  |  | 76,154 |
| North America |  | Europe |  | Specialty |  | Eliminations |  | Consolidated
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Third Party | $ | 2,301,071 |  |  | $ | 2,574,779 |  |  | $ | 751,408 |  |  | $ | — |  |  | $ | 5,627,258 |
Intersegment | 519 |  |  | — |  |  | 2,048 |  |  | (2,567) |  |  | — |
Total segment revenue | $ | 2,301,590 |  |  | $ | 2,574,779 |  |  | $ | 753,456 |  |  | $ | (2,567) |  |  | $ | 5,627,258 |
Segment EBITDA | $ | 360,992 |  |  | $ | 167,649 |  |  | $ | 84,465 |  |  | $ | — |  |  | $ | 613,106 |
Depreciation and amortization (1) | 48,198 |  |  | 81,588 |  |  | 14,523 |  |  | — |  |  | 144,309 |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Third Party | $ | 2,623,876 |  |  | $ | 2,961,781 |  |  | $ | 762,819 |  |  | $ | — |  |  | $ | 6,348,476 |
Intersegment | 199 |  |  | — |  |  | 2,554 |  |  | (2,753) |  |  | — |
Total segment revenue | $ | 2,624,075 |  |  | $ | 2,961,781 |  |  | $ | 765,373 |  |  | $ | (2,753) |  |  | $ | 6,348,476 |
Segment EBITDA | $ | 366,684 |  |  | $ | 221,579 |  |  | $ | 90,326 |  |  | $ | — |  |  | $ | 678,589 |
Depreciation and amortization (1) | 44,664 |  |  | 93,785 |  |  | 13,912 |  |  | — |  |  | 152,361 |
Reconciliation Of Segment EBITDA To Net Income Table | The table below provides a reconciliation of Net Income to EBITDA and Segment EBITDA (in thousands):
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 30, |  |  |  | June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Net income | $ | 118,770 |  |  | $ | 152,105 |  |  | $ | 264,749 |  |  | $ | 251,168 |
Less: net (loss) income attributable to continuing noncontrolling interest | (22) |  |  | 1,352 |  |  | 718 |  |  | 2,367 |
Less: net income attributable to discontinued noncontrolling interest | — |  |  | 192 |  |  | 103 |  |  | 192 |
Net income attributable to LKQ stockholders | 118,792 |  |  | 150,561 |  |  | 263,928 |  |  | 248,609 |
Subtract: |  |  |  |  |  |  |
Net income (loss) from discontinued operations | 277 |  |  | 398 |  |  | (638) |  |  | 398 |
Net income attributable to discontinued noncontrolling interest | — |  |  | (192) |  |  | (103) |  |  | (192) |
Net income from continuing operations attributable to LKQ stockholders | 118,515 |  |  | 150,355 |  |  | 264,669 |  |  | 248,403 |
Add: |  |  |  |  |  |  |
Depreciation and amortization | 65,747 |  |  | 70,834 |  |  | 131,242 |  |  | 141,836 |
Depreciation and amortization - cost of goods sold | 4,010 |  |  | 5,320 |  |  | 9,095 |  |  | 10,525 |
Depreciation and amortization - restructuring expenses (1) | 3,173 |  |  | — |  |  | 3,972 |  |  | — |
Interest expense, net of interest income | 25,616 |  |  | 35,884 |  |  | 51,547 |  |  | 71,973 |
Loss on debt extinguishment | — |  |  | — |  |  | 12,751 |  |  | — |
Provision for income taxes | 41,869 |  |  | 55,825 |  |  | 102,280 |  |  | 107,375 |
EBITDA | 258,930 |  |  | 318,218 |  |  | 575,556 |  |  | 580,112 |
Subtract: |  |  |  |  |  |  |
Equity in (losses) earnings of unconsolidated subsidiaries (2) | (2,649) |  |  | 1,572 |  |  | (2,133) |  |  | (37,977) |
Add: |  |  |  |  |  |  |
Restructuring and acquisition related expenses (1) | 21,777 |  |  | 8,377 |  |  | 27,948 |  |  | 11,684 |
Restructuring expenses - cost of goods sold | 5,665 |  |  | — |  |  | 5,661 |  |  | — |
Loss on disposal of businesses and impairment of net assets held for sale (3) | 2,485 |  |  | 33,497 |  |  | 2,236 |  |  | 48,520 |
Change in fair value of contingent consideration liabilities | (332) |  |  | 176 |  |  | (428) |  |  | 296 |
Segment EBITDA | $ | 291,174 |  |  | $ | 358,696 |  |  | $ | 613,106 |  |  | $ | 678,589 |
Schedule Of Capital Expenditures By Reportable Segment | The following table presents capital expenditures by reportable segment (in thousands):
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 30, |  |  |  | June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Capital Expenditures |  |  |  |  |  |  |
North America | $ | 10,892 |  |  | $ | 23,169 |  |  | $ | 40,213 |  |  | $ | 54,403 |
Europe | 19,502 |  |  | 21,840 |  |  | 32,550 |  |  | 41,417 |
Specialty | 2,369 |  |  | 3,243 |  |  | 4,538 |  |  | 5,448 |
Total capital expenditures | $ | 32,763 |  |  | $ | 48,252 |  |  | $ | 77,301 |  |  | $ | 101,268 |
Schedule Of Assets By Reportable Segment | The following table presents assets by reportable segment (in thousands):
| June 30, |  | December 31,
| 2020 |  | 2019
Receivables, net |  |  |
North America | $ | 355,421 |  |  | $ | 419,452 |
Europe | 629,355 |  |  | 636,216 |
Specialty | 141,040 |  |  | 75,464 |
Total receivables, net | 1,125,816 |  |  | 1,131,132 |
Inventories |  |  |
North America | 829,049 |  |  | 991,062 |
Europe | 1,223,628 |  |  | 1,401,801 |
Specialty | 235,616 |  |  | 379,914 |
Total inventories | 2,288,293 |  |  | 2,772,777 |
Property, plant and equipment, net |  |  |
North America | 587,230 |  |  | 610,573 |
Europe | 527,255 |  |  | 538,951 |
Specialty | 82,020 |  |  | 84,876 |
Total property, plant and equipment, net | 1,196,505 |  |  | 1,234,400 |
Operating lease assets, net |  |  |
North America | 756,128 |  |  | 768,164 |
Europe | 434,221 |  |  | 457,035 |
Specialty | 82,164 |  |  | 83,312 |
Total operating lease assets, net | 1,272,513 |  |  | 1,308,511 |
Equity method investments |  |  |
North America | 15,299 |  |  | 17,624 |
Europe | 121,374 |  |  | 121,619 |
Total equity method investments | 136,673 |  |  | 139,243 |
Other unallocated assets | 6,015,499 |  |  | 6,193,893 |
Total assets | $ | 12,035,299 |  |  | $ | 12,779,956 |
Revenue from External Customers by Geographic Area | The following table sets forth our revenue by geographic area (in thousands):
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 30, |  |  |  | June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenue |  |  |  |  |  |  |
United States | $ | 1,330,543 |  |  | $ | 1,613,417 |  |  | $ | 2,864,489 |  |  | $ | 3,155,443 |
Germany | 359,134 |  |  | 415,947 |  |  | 733,686 |  |  | 802,412 |
United Kingdom | 278,419 |  |  | 409,765 |  |  | 669,038 |  |  | 822,578 |
Other countries | 658,227 |  |  | 809,044 |  |  | 1,360,045 |  |  | 1,568,043 |
Total revenue | $ | 2,626,323 |  |  | $ | 3,248,173 |  |  | $ | 5,627,258 |  |  | $ | 6,348,476 |
Schedule Of Tangible Long-Lived Assets By Geographic Area | The following table sets forth our tangible long-lived assets by geographic area (in thousands):
| June 30, |  | December 31,
| 2020 |  | 2019
Long-lived assets |  |  |
United States | $ | 1,435,244 |  |  | $ | 1,467,701 |
Germany | 340,681 |  |  | 340,995 |
United Kingdom | 286,952 |  |  | 330,113 |
Other countries | 406,141 |  |  | 404,102 |
Total long-lived assets | $ | 2,469,018 |  |  | $ | 2,542,911 |

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