Try Alerts Free   |   Login
Industrials › Retail-Auto Dealers And Gasoline Stations

KAR Price Correlated With Financials For KAR Auction Services

Free historical financial statements for KAR Auction Services Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 41 quarters since 2012. Compare with KAR stock chart to see long term trends.

KAR Stock Compared to Quarterly

KAR Income Statement

Revenue, Net:369400000
Revenue Per Share:3.0395
Cost of Goods & Services Sold:210800000
Selling, General & Admin Expense:118900000
Total Operating Expenses:355700000
Operating Income:13700000
Income Taxes:12600000
Net Income:-19100000
Earnings Per Share, Basic:-0.16
Shares Outstanding, Basic Avg:121532693

KAR Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:26000000
Net Cash from Operations:-9500000
Net Cash from Operations Per Share:-0.0782
Repurchases/Buybacks Common Stock:0
Net Cash from Financing Activities:250600000
Property, Plant & Equipment Purchases:13500000
Net Cash from Investing Activities:-246700000
Net Change in Cash & Equivalents:-42900000

KAR Balance Sheet

Cash and Cash Equivalents:160500000
Accounts Receivable, Net:433300000
Total Current Assets:5505000000
Property, Plant & Equipment, Net:142200000
Total Assets:7792400000
Accounts Payable:833500000
Current Portion of Long-Term Debt:1034000000
Total Short-Term Liabilities:4565600000
Long Term Debt, Non-Current Portion:939800000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
HALLETT JAMES P   Executive Chairman
100,000 sh at $13
$1,315,000
Buy
Peter Kelly   Chief Executive Officer
45,958 sh at $13
$601,884
Buy
HOWELL J MARK   Director
15,300 sh at $13
$198,900
Buy
COMPANY PROFILE
Organization and Other Matters KAR Auction Services, Inc., doing business as KAR Global, was organized in the State of Delaware on November 9, 2006. The KAR group of companies is comprised of ADESA, Inc., Automotive Finance Corporation and additional business units.

Defined Terms

Unless otherwise indicated or unless the context otherwise requires, the following terms used herein shall have the following meanings:

• "we," "us," "our," "KAR" and "the Company" refer, collectively, to KAR Auction Services, Inc. and all of its subsidiaries;

• "ADESA" or "ADESA Auctions" refer, collectively, to ADESA, Inc., a wholly-owned subsidiary of KAR Auction Services, and ADESA, Inc.'s subsidiaries, including Openlane, Inc. (together with Openlane, Inc.'s subsidiaries, "Openlane"), BacklotCars, Inc. ("BacklotCars"), CARWAVE Holdings LLC ("CARWAVE"), Nth Gen Software Inc. ("TradeRev"), ADESA Remarketing Limited (formerly known as GRS Remarketing Limited ("GRS" or "ADESA Remarketing Limited")) and ADESA Europe (formerly known as CarsOnTheWeb ("COTW"));

• "AFC" refers, collectively, to Automotive Finance Corporation, a wholly-owned subsidiary of ADESA, and Automotive Finance Corporation's subsidiaries and other related entities, including PWI Holdings, Inc. (which was sold on December 1, 2020);

• "Credit Agreement" refers to the Amended and Restated Credit Agreement, dated March 11, 2014 (as amended, amended and restated, modified or supplemented from time to time), among KAR Auction Services, Inc., as the borrower, the several banks and other financial institutions or entities from time to time parties thereto and JPMorgan Chase Bank N.A., as administrative agent;

• "Credit Facility" refers to the $950 million, senior secured term loan B-6 facility due September 19, 2026 ("Term Loan B-6") and the $325 million, senior secured revolving credit facility due September 19, 2024 (the "Revolving Credit Facility"), the terms of which are set forth in the Credit Agreement;

• "IAA" refers, collectively, to Insurance Auto Auctions, Inc., formerly a wholly-owned subsidiary of KAR Auction Services, and Insurance Auto Auctions, Inc.'s subsidiaries and other related entities, including HBC Vehicle Services Limited ("HBC"). See Note 4;

• "KAR Auction Services" refers to KAR Auction Services, Inc. and not to its subsidiaries;

• "Senior notes" refers to the 5.125% senior notes due 2025 ($950 million aggregate principal was outstanding at December 31, 2021);

• "Series A Preferred Stock" refers to the Series A Convertible Preferred Stock, par value $0.01 per share (612,676 and 571,606 shares of Series A Preferred Stock were outstanding at December 31, 2021 and 2020, respectively);

• "Term Loan B-4" refers to the senior secured term loan B-4 facility, the terms of which are set forth in the Credit Agreement;

• "Term Loan B-5" refers to the senior secured term loan B-5 facility, the terms of which are set forth in the Credit Agreement; and

• "2017 Revolving Credit Facility" refers to the $350 million senior secured revolving credit facility existing under the Credit Agreement prior to September 19, 2019.

Business and Nature of Operations

ADESA is a leading provider of wholesale vehicle auctions and related vehicle remarketing services for the automotive industry. As of December 31, 2021, the ADESA Auctions segment serves a domestic and international customer base through digital marketplaces supported by more than 70 vehicle logistics center locations across North America. ADESA also includes BacklotCars, an app and web-based dealer-to-dealer wholesale vehicle platform utilized in the United States, CARWAVE, an online dealer-to-dealer marketplace in the United States, TradeRev, an online automotive remarketing platform in Canada where dealers can launch and participate in real-time vehicle auctions at any time, ADESA Remarketing Limited, an online whole car vehicle remarketing business in the United Kingdom and ADESA Europe (formerly known as CarsOnTh

Data imported from KAR Auction Services Inc. SEC filings. Check original filings before making any investment decision.