Segment and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Financial Performance By Reportable Segment

The following tables present our financial performance by reportable segment for the periods indicated (in millions):


	Wholesale - North America		Europe		Specialty		Self Service		Eliminations		Consolidated
Three Months Ended June 30, 2024
Revenue:
Third Party	$	1,473	$	1,639	$	466	$	133	$	—	$	3,711
Intersegment	1		—		—		—		(1)		—
Total segment revenue	$	1,474	$	1,639	$	466	$	133	$	(1)	$	3,711
Segment EBITDA	$	256	$	174	$	41	$	13	$	—	$	484
Total depreciation and amortization (1)	48		40		9		3		—		100
Three Months Ended June 30, 2023
Revenue:
Third Party	$	1,199	$	1,638	$	442	$	169	$	—	$	3,448
Intersegment	—		—		1		—		(1)		—
Total segment revenue	$	1,199	$	1,638	$	443	$	169	$	(1)	$	3,448
Segment EBITDA	$	248	$	188	$	42	$	7	$	—	$	485
Total depreciation and amortization (1)	20		39		8		3		—		70


	Wholesale - North America		Europe		Specialty		Self Service		Eliminations		Consolidated
Six Months Ended June 30, 2024
Revenue:
Third Party	$	2,973	$	3,283	$	888	$	270	$	—	$	7,414
Intersegment	1		—		1		—		(2)		—
Total segment revenue	$	2,974	$	3,283	$	889	$	270	$	(2)	$	7,414
Segment EBITDA	$	500	$	317	$	68	$	29	$	—	$	914
Total depreciation and amortization (1)	97		79		17		7		—		200
Six Months Ended June 30, 2023
Revenue:
Third Party	$	2,428	$	3,193	$	838	$	338	$	—	$	6,797
Intersegment	—		—		2		—		(2)		—
Total segment revenue	$	2,428	$	3,193	$	840	$	338	$	(2)	$	6,797
Segment EBITDA	$	500	$	339	$	73	$	29	$	—	$	941
Total depreciation and amortization (1)	39		73		16		7		—		135

(1) Amounts presented include depreciation and amortization expense recorded within Cost of goods sold, SG&A expenses and Restructuring and transaction related expenses.

Reconciliation Of Net Income to Segment EBITDA

The table below provides a reconciliation of Net Income to Segment EBITDA (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
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


Adjustments:

Depreciation and amortization	100		70		200		135



Interest expense, net of interest income	62		42		123		75
Loss on debt extinguishment	—		—		—		1
Provision for income taxes	82		109		153		203


Equity in earnings of unconsolidated subsidiaries (1)	(2)		(2)		—		(5)
Gains on foreign exchange contracts - acquisition related (2)	—		(23)		—		(46)
Equity investment fair value adjustments	2		—		2		1


Restructuring and transaction related expenses (3)	49		8		79		26
Restructuring expenses - cost of goods sold (3)	6		—		14		—







Segment EBITDA	$	484	$	485	$	914	$	941

(1) Refer to Note 6, "Equity Method Investments" for further information.

(2) Refer to Note 2, "Business Combinations" and Note 13, "Derivative Instruments and Hedging Activities" for further information.

(3) Refer to Note 8, "Restructuring and Transaction Related Expenses" for further information.

Schedule Of Capital Expenditures By Reportable Segment

The following table presents capital expenditures by reportable segment (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Capital Expenditures
Wholesale - North America	$	52	$	16	$	73	$	36
Europe	20		23		58		56
Specialty	5		5		9		18
Self Service	3		22		6		26
Total capital expenditures	$	80	$	66	$	146	$	136

Schedule Of Assets By Reportable Segment

The following table presents assets by reportable segment (in millions):


	June 30, 2024		December 31, 2023
Receivables, net of allowance for credit losses
Wholesale - North America	$	511	$	470
Europe	696		580
Specialty	144		107
Self Service	9		8
Total receivables, net of allowance for credit losses	1,360		1,165
Inventories
Wholesale - North America	1,257		1,217
Europe	1,305		1,390
Specialty	465		475
Self Service	37		39
Total inventories	3,064		3,121
Property, plant and equipment, net
Wholesale - North America	671		644
Europe	613		642
Specialty	116		118
Self Service	109		112
Total property, plant and equipment, net	1,509		1,516
Operating lease assets, net
Wholesale - North America	624		615
Europe	477		494
Specialty	127		84
Self Service	136		143
Total operating lease assets, net	1,364		1,336





Other unallocated assets	7,914		7,941
Total assets	$	15,211	$	15,079

Schedule Of Tangible Long-Lived Assets By Geographic Area

The following table sets forth our tangible long-lived assets by geographic area (in millions):


	June 30, 2024		December 31, 2023
Long-lived assets
United States	$	1,572	$	1,496
Germany	322		324
United Kingdom	299		295
Other countries	680		737
Total long-lived assets	$	2,873	$	2,852