v3.24.2
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 3,711 $ 3,448 $ 7,414 $ 6,797
Cost of goods sold 2,270 2,034 4,521 4,011
Gross margin 1,441 1,414 2,893 2,786
Selling, general and administrative expenses 976 938 2,020 1,869
Restructuring and transaction related expenses 49 8 79 26
Depreciation and amortization 87 61 176 119
Operating income 329 407 618 772
Other expense (income):        
Interest expense 66 52 130 88
Interest income and other income, net (3) (11) (9) (20)
Total other expense, net 63 18 121 22
Income before provision for income taxes 266 389 497 750
Provision for income taxes 82 109 153 203
Equity in earnings of unconsolidated subsidiaries 2 2 0 5
Net income 186 282 344 552
Less: net income attributable to noncontrolling interest 1 1 1 1
Net income attributable to LKQ stockholders $ 185 $ 281 $ 343 $ 551
Basic earnings per share:        
Net income $ 0.70 $ 1.05 $ 1.29 $ 2.06
Less: net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to LKQ stockholders 0.70 1.05 1.29 2.06
Diluted earnings per share:        
Net income 0.70 1.05 1.29 2.06
Less: net income attributable to noncontrolling interest 0 0 0 0
Net income attributable to LKQ stockholders $ 0.70 $ 1.05 $ 1.29 $ 2.06
Forward Contracts        
Gains on foreign exchange contracts - acquisition related (1) $ 0 $ (23) $ 0 $ (46)