$6.7 B

KAR Mkt cap, 14-Dec-2018

KAR Auction Services Revenue Breakdown

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KAR Auction Services revenue breakdown by business segment: 9.1% from AFC, 34.9% from IAA and 56.0% from ADESA Auctions

KAR Auction Services Income Statement

Annual

USDFY, 2013FY, 2014FY, 2017

Revenue

2.2b2.4b3.5b

Revenue growth, %

9%

Operating expense total

2.9b

EBIT

256.7m377.7m566.0m

EBIT margin, %

12%16%16%

Interest expense

164.0m

Pre tax profit

398.0m

Income tax expense

36.0m

Net Income

67.7m169.3m362.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

658.3m745.0m773.8m866.6m858.0m843.0m

Cost of goods sold

366.5m443.7m501.2m535.0m

Gross profit

291.8m330.1m365.4m

Gross profit Margin, %

44%43%42%

General and administrative expense

123.5m146.3m157.4m

Operating expense total

541.8m650.5m723.1m

EBIT

116.5m123.3m143.5m

EBIT margin, %

18%16%17%

Interest expense

21.8m36.3m40.3m

Pre tax profit

94.3m86.2m103.3m

Income tax expense

34.8m31.8m34.1m

Net Income

22.8m20.7m50.8m47.5m54.5m59.5m54.4m69.2m90.0m

KAR Auction Services Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

152.9m155.0m201.8m

Accounts Receivable

Inventories

Current Assets

2.1b2.8b

Goodwill

1.7b2.1b

Total Assets

5.4b6.6b

Accounts Payable

471.7m648.5m

Dividends Payable

38.2m43.7m47.0m

Short-term debt

Current Liabilities

1.6b2.3b

Long-term debt

1.7b2.4b

Non-Current Liabilities

2.2b2.8b

Total Debt

2.4b

Total Liabilities

3.6b3.8b4.4b5.2b

Additional Paid-in Capital

1.5b1.6b1.4b

Retained Earnings

(46.4m)74.1m257.0m

Total Equity

1.5b1.4b

Debt to Equity Ratio

1.7 x

Debt to Assets Ratio

0.4 x

Financial Leverage

3.5 x4.7 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

196.0m285.3m178.4m676.3m323.1m188.0m

Current Assets

2.0b2.2b3.2b2.9b

Goodwill

1.7b1.7b1.8b1.8b2.0b2.0b2.2b

Total Assets

5.1b5.2b5.3b5.5b6.5b6.6b

Accounts Payable

519.7m638.0m768.2m700.3m

Dividends Payable

35.1m38.3m39.8m40.0m40.1m47.0m

Short-term debt

38.0m

Current Liabilities

1.5b1.7b2.2b2.3b

Long-term debt

1.7b1.7b2.4b2.4b2.7b

Non-Current Liabilities

2.2b2.2b2.2b2.8b2.8b3.1b

Total Debt

1.8b1.7b1.7b1.7b1.7b1.7b1.7b2.4b2.4b2.4b2.4b2.7b2.7b

Additional Paid-in Capital

1.6b1.6b1.4b1.4b

Retained Earnings

(70.8m)(30.2m)(9.0m)38.1m74.2m295.0m

Total Equity

1.5b1.6b1.6b1.4b1.4b1.5b

Debt to Equity Ratio

1.1 x1.3 x

Debt to Assets Ratio

0.3 x0.3 x

Financial Leverage

3.5 x3.5 x4.6 x4.5 x

KAR Auction Services Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

169.3m222.4m362.0m

Depreciation and Amortization

196.6m64.7m

Accounts Receivable

Inventories

Accounts Payable

60.5m31.5m

Cash From Operating Activities

434.0m431.3m475.0m360.8m

Cash From Investing Activities

(412.8m)(765.3m)

Long-term Borrowings

(1.8b)(662.6m)

Cash From Financing Activities

(48.5m)453.2m

Interest Paid

75.9m124.5m

Income Taxes Paid

126.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

85.3m20.7m119.0m54.5m114.0m60.7m90.0m

Depreciation and Amortization

145.9m48.1m50.9m56.4m129.0m

Accounts Payable

48.3m92.8m105.7m88.7m106.0m64.0m

Cash From Operating Activities

318.4m92.3m86.1m69.5m142.0m

Cash From Investing Activities

(180.7m)(26.2m)(38.2m)(100.3m)(201.0m)

Long-term Borrowings

(49.2m)(1.8b)(4.4m)(637.6m)(8.0m)

Cash From Financing Activities

(46.5m)(3.2m)(14.5m)546.6m

Interest Paid

68.7m20.1m18.8m38.0m25.4m58.0m91.0m

Income Taxes Paid

49.0m102.0m
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KAR Auction Services Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Auction Locations

65 66 66 66 66 66 76 76 77 77 77

Auction Sites

168 169 171 171 171 173 173 173 172 173 174

Transactions

1.45 m411.68 k381.68 k405.12 k1.61 m454 k422 k425.99 k1.72 m456 k416 k

Used Vehicles Sold

3.90 m4.40 m1.24 m1.27 m5.10 m1.41 m1.41 m
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KAR Auction Services Employee Rating

2.979 votes
Culture & Values
3.0
Work/Life Balance
3.0
Senior Management
2.6
Salary & Benefits
3.3
Career Opportunities
2.8
Source