← COPART INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $270.4m | $394.2m | $417.9m | $591.7m | $699.9m | $936.5m | $1.1b | $1.2b | $1.4b | $1.6b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $270.4m | $394.3m | $418.0m | $591.7m | $699.9m | $936.5m | $1.1b | $1.2b | $1.4b | $1.5b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $394.3m | $418.0m | $591.7m | $699.9m | $936.5m | — | — | $1.4b | $1.5b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $34k | $140k | $0 | $0 | — | — | — | ($673k) | ($4.1m) | |
| Depreciation, Depletion and Amortization | $48.6m | $57.0m | $78.6m | $84.9m | $101.4m | $122.0m | $138.0m | $159.5m | $189.8m | $215.8m | |
| Amortization of Debt Issuance Costs | $600k | — | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $5.8m | $6.8m | $14.0m | $10.5m | $8.9m | $6.9m | $7.5m | $12.4m | $13.4m | $13.9m | |
| Depreciation | $34.2m | $39.6m | $58.8m | $66.8m | $82.1m | $105.5m | $121.3m | $139.9m | $167.7m | $188.9m | |
| Depreciation, Amortization and Accretion, Net | $49.6m | $57.4m | $79.0m | $85.3m | $104.3m | $123.1m | $138.6m | $159.7m | $190.3m | $217.8m | |
| Deferred Income Tax Expense (Benefit) | $5.7m | $19.9m | $16.7m | $23.2m | $23.1m | ($8.0m) | $17.0m | $9.9m | ($847k) | ($13.4m) | |
| Share-based Payment Arrangement, Noncash Expense | $20.9m | $20.8m | $23.2m | $23.4m | $23.3m | $40.9m | $39.0m | $39.7m | $35.2m | $38.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $135.4m | $1.1m | $46.9m | $103.5m | $6.1m | $1.9m | $4.7m | $6.6m | $5.3m | |
| Share-based Payment Arrangement, Expense | $20.9m | $20.9m | $23.2m | $23.4m | $23.3m | $40.9m | $39.0m | $39.7m | $35.2m | $38.0m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $0 | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | ($16.8m) | $0 | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $54k | ($184k) | ($3.2m) | $3.1m | $1.9m | $1.5m | $939k | $1.8m | $2.4m | $13.7m | |
| Income (Loss) from Equity Method Investments | ($895k) | ($671k) | ($750k) | ($419k) | ($1.4m) | $3.2m | ($284k) | ($5.3m) | ($2.2m) | $149k | |
| Income Tax Expense (Benefit) | $125.5m | $45.8m | $144.5m | $113.3m | $100.9m | $185.4m | $250.8m | $316.6m | $352.3m | $347.2m | |
| Operating Lease, Lease Income | — | — | — | — | $6.2m | $14.8m | $14.8m | $18.8m | $17.6m | $20.7m | |
| Other Nonoperating Income (Expense) | $11.6m | $1.2m | ($2.8m) | $6.1m | $3.6m | $5.7m | ($596k) | $1.8m | ($3.1m) | $20.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $54.2m | $38.5m | $40.3m | $60.8m | ($16.0m) | $127.5m | $97.8m | $123.2m | $145.4m | $34.0m | |
| Increase (Decrease) in Inventories | $2.5m | ($1.3m) | $4.0m | $4.7m | ($1.3m) | $24.6m | $10.9m | ($26.5m) | $3.7m | ($4.7m) | |
| Increase (Decrease) in Other Operating Assets | ($4.2m) | ($1.1m) | ($70k) | $12.1m | $572k | ($570k) | ($715k) | ($350k) | ($1.1m) | ($478k) | |
| Increase (Decrease) in Other Operating Liabilities | $1.8m | ($1.1m) | ($587k) | $664k | $498k | $0 | $0 | — | — | — | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $1.2m | $187k | $1.1m | ($429k) | $1.7m | — | — | $1.9m | $3.9m | $354k | |
| Proceeds from Stock Options Exercised | $13.2m | $31.2m | $44.5m | $34.4m | $71.6m | $39.0m | $28.1m | $49.7m | $24.3m | $42.8m | |
| Accrued capital expenditures | $173.9m | $172.2m | $287.9m | $373.9m | $592.0m | $463.0m | $337.4m | $516.6m | $511.0m | $569.0m | |
| Deconsolidation, Gain (Loss), Amount | — | — | $900k | — | — | — | — | — | — | — | |
| General and Administrative Expense | $138.1m | $151.4m | $176.9m | $181.9m | $191.7m | $206.7m | $231.2m | $250.4m | $335.2m | $402.9m | |
| Goodwill | $260.2m | $340.2m | $337.2m | $333.3m | $343.6m | $355.7m | $402.0m | $394.3m | $513.9m | $517.8m | |
| Investment Income, Interest | $1.4m | $1.4m | $1.3m | $2.2m | $1.4m | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($10.6m) | ($21.2m) | ($21.8m) | ($11.5m) | ($15.3m) | ($14.6m) | ($34.0m) | $67.8m | $142.6m | $198.9m | |
| Operating Costs and Expenses | $862.0m | $986.7m | $1.2b | $1.3b | $1.4b | $1.6b | $2.1b | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $2.0b | $2.2b | $2.7b | $3.5b | $3.9b | $4.2b | $4.6b | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $320k | $0 | $0 | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $332.5m | $492.1m | $535.1m | $646.6m | $917.9m | $990.9m | $1.2b | $1.4b | $1.5b | $1.8b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $173.9m | $172.2m | $287.9m | $373.9m | $592.0m | $463.0m | $337.4m | $516.6m | $511.0m | $569.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $160.8m | $8.8m | $745k | $11.7m | $5.0m | $106.6m | $0 | — | $1.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($172.9m) | ($335.8m) | ($288.5m) | ($356.3m) | ($601.2m) | ($465.5m) | ($442.3m) | ($1.9b) | ($940.1m) | ($587.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $93.5m | $0 | $0 | — | — | — | — | — | — | — | |
| Repayments of Long-term Debt | $337.5m | $0 | $0 | — | — | — | $416.8m | $0 | $0 | — | |
| Payments for Repurchase of Common Stock | $457.9m | $0 | $0 | $365.0m | $0 | $0 | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($448.5m) | ($107.0m) | ($182.0m) | ($370.3m) | ($27.4m) | $40.9m | ($382.7m) | $66.6m | $19.3m | $52.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | ($15.7m) | $34.4m | $5.0m | $2.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $64.4m | ($88.2m) | $291.4m | $570.5m | $336.0m | ($426.8m) | $556.7m | $1.3b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $64.4m | ($88.2m) | $477.7m | $1.0b | $1.4b | $957.4m | $1.5b | $2.8b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $23.6m | $23.2m | $20.3m | $19.3m | $19.7m | $19.7m | $18.5m | $2.6m | $3.1m | $2.0m | |
| Income Taxes Paid, Net | $128.0m | $14.0m | $142.2m | $82.4m | $83.8m | $178.2m | $263.2m | $257.5m | $285.9m | $409.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.