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10-Q Filing

COPART INC CIK: 900075 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000900075-16-000108
Period End Date 20161031
Filing Date 20161130
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance cprt-20161031.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Preferred stock par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $155.85M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued - shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $168.42M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued - shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $472.92M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $456.01M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $266.27M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $294.36M USD Point-in-time
Common stock par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 400.00M shares Point-in-time
Vehicle pooling costs VehiclePoolingCosts $28.60M USD Point-in-time
Vehicle pooling costs VehiclePoolingCosts $31.28M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 400.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 110.12M shares Point-in-time
Inventories InventoryNet $8.92M USD Point-in-time
Inventories InventoryNet $10.39M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 114.51M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 114.51M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $18.75M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 110.12M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $110.92M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $711.00K USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $1.44M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $16.10M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $18.00M USD Point-in-time
Total current assets AssetsCurrent $630.71M USD Point-in-time
Total current assets AssetsCurrent $499.31M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $816.79M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $840.59M USD Point-in-time
Intangibles, net FiniteLivedIntangibleAssetsNet $11.76M USD Point-in-time
Intangibles, net FiniteLivedIntangibleAssetsNet $10.24M USD Point-in-time
Goodwill Goodwill $260.20M USD Point-in-time
Goodwill Goodwill $255.09M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $23.51M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $1.91M USD Point-in-time
Other assets OtherAssetsNoncurrent $38.26M USD Point-in-time
Other assets OtherAssetsNoncurrent $31.85M USD Point-in-time
Total assets Assets $1.77B USD Point-in-time
Total assets Assets $1.65B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $192.38M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $175.97M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $3.98M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $4.63M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.62M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $6.58M USD Point-in-time
Current portion of revolving loan facility and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $76.15M USD Point-in-time
Current portion of revolving loan facility and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $171.15M USD Point-in-time
Total current liabilities LiabilitiesCurrent $357.68M USD Point-in-time
Total current liabilities LiabilitiesCurrent $278.78M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $3.38M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $3.82M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $25.64M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $26.87M USD Point-in-time
Long-term debt, revolving loan facility and capital lease obligations, net of discount LongTermDebtAndCapitalLeaseObligations $564.34M USD Point-in-time
Long-term debt, revolving loan facility and capital lease obligations, net of discount LongTermDebtAndCapitalLeaseObligations $573.03M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.78M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.03M USD Point-in-time
Total liabilities Liabilities $875.36M USD Point-in-time
Total liabilities Liabilities $962.99M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock: $0.0001 par value - 5,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Preferred stock: $0.0001 par value - 5,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Common stock: $0.0001 par value - 400,000,000 shares authorized; 114,511,998 and 110,122,060 shares issued and outstanding, respectively. CommonStockValue $11.00K USD Point-in-time
Common stock: $0.0001 par value - 400,000,000 shares authorized; 114,511,998 and 110,122,060 shares issued and outstanding, respectively. CommonStockValue $11.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $416.12M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $392.44M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-109.19M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-127.97M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $491.19M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $519.24M USD Point-in-time
Total stockholders equity StockholdersEquity $774.46M USD Point-in-time
Total stockholders equity StockholdersEquity $807.41M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.65B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.77B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Service revenues SalesRevenueServicesNet $307.08M USD 1 Quarter
Service revenues SalesRevenueServicesNet $250.97M USD 1 Quarter
Vehicle sales SalesRevenueGoodsNet $37.87M USD 1 Quarter
Vehicle sales SalesRevenueGoodsNet $38.91M USD 1 Quarter
Total service revenues and vehicle sales SalesRevenueNet $288.84M USD 1 Quarter
Total service revenues and vehicle sales SalesRevenueNet $345.99M USD 1 Quarter
Yard operations DirectOperatingCosts $167.61M USD 1 Quarter
Yard operations DirectOperatingCosts $135.91M USD 1 Quarter
Cost of vehicle sales CostOfGoodsSold $33.09M USD 1 Quarter
Cost of vehicle sales CostOfGoodsSold $32.07M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $40.47M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $34.62M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $202.59M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $241.17M USD 1 Quarter
Operating income OperatingIncomeLoss $104.82M USD 1 Quarter
Operating income OperatingIncomeLoss $86.25M USD 1 Quarter
Interest expense InterestExpense $5.72M USD 1 Quarter
Interest expense InterestExpense $5.96M USD 1 Quarter
Interest income InvestmentIncomeInterest $211.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $337.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $3.33M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $1.03M USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-2.29M USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-4.49M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $102.53M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $81.76M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $29.15M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $-64.75M USD 1 Quarter
Net income NetIncomeLoss $52.61M USD 1 Quarter
Net income NetIncomeLoss $167.28M USD 1 Quarter
Basic net income per common share EarningsPerShareBasic $1.48 USD 1 Quarter
Basic net income per common share EarningsPerShareBasic $0.44 USD 1 Quarter
Weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 120.16M shares 1 Quarter
Weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 112.72M shares 1 Quarter
Diluted net income per common share EarningsPerShareDiluted $0.41 USD 1 Quarter
Diluted net income per common share EarningsPerShareDiluted $1.41 USD 1 Quarter
Diluted weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 118.88M shares 1 Quarter
Diluted weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 127.14M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $52.61M USD 1 Quarter
Net income NetIncomeLoss $167.28M USD 1 Quarter
Depreciation and amortization, including debt cost DepreciationAmortizationAndAccretionNet $11.56M USD 1 Quarter
Depreciation and amortization, including debt cost DepreciationAmortizationAndAccretionNet $14.82M USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $22.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $1.03M USD 1 Quarter
Equity in losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-158.00K USD 1 Quarter
Equity in losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-349.00K USD 1 Quarter
Stock-based payment compensation ShareBasedCompensation $5.41M USD 1 Quarter
Stock-based payment compensation ShareBasedCompensation $5.08M USD 1 Quarter
Loss (gain) on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-38.00K USD 1 Quarter
Loss (gain) on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $60.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-870.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $22.09M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $16.91M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $29.47M USD 1 Quarter
Vehicle pooling costs IncreaseDecreaseInVehiclePoolingCosts $1.74M USD 1 Quarter
Vehicle pooling costs IncreaseDecreaseInVehiclePoolingCosts $2.94M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $511.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-1.15M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.39M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.11M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $202.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $1.04M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-14.83M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $77.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-602.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-5.00K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-5.14M USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $92.17M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $23.48M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $2.62M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-337.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-433.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $74.29M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $76.79M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $38.21M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $20.17M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $85.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $343.00K USD 1 Quarter
Proceeds from sale of assets held for sale ProceedsFromSaleOfProductiveAssets $100.00K USD 1 Quarter
Proceeds from sale of assets held for sale ProceedsFromSaleOfProductiveAssets $105.00K USD 1 Quarter
Investment in unconsolidated affiliate PaymentsToAcquireEquityMethodInvestments - USD 1 Quarter
Investment in unconsolidated affiliate PaymentsToAcquireEquityMethodInvestments $1.05M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireAvailableForSaleSecurities $21.12M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireAvailableForSaleSecurities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-39.07M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-40.84M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $368.00K USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $13.98M USD 1 Quarter
Payments Related to Tax Withholding for Share-based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $134.62M USD 1 Quarter
Payments Related to Tax Withholding for Share-based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Proceeds from revolving loan facility, net of repayments ProceedsFromRepaymentsOfLinesOfCredit $103.90M USD 1 Quarter
Proceeds from revolving loan facility, net of repayments ProceedsFromRepaymentsOfLinesOfCredit - USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt $18.75M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-16.74M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-18.38M USD 1 Quarter
Effect of foreign currency translation EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-662.00K USD 1 Quarter
Effect of foreign currency translation EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-5.91M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $16.90M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $12.57M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $155.85M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $168.42M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $472.92M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $456.01M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $155.85M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $168.42M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $472.92M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $456.01M USD Point-in-time
Interest paid InterestPaid $5.43M USD 1 Quarter
Interest paid InterestPaid $5.72M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaid $1.29M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaid $2.68M USD 1 Quarter
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Tax effect of unrealized gain on interest rate swaps OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent - USD 1 Quarter
Tax effect of unrealized gain on interest rate swaps OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-191.00K USD 1 Quarter
Tax effect of reclassification adjustment of interest rate swaps to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $122.00K USD 1 Quarter
Net income NetIncomeLoss $52.61M USD 1 Quarter
Tax effect of reclassification adjustment of interest rate swaps to net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax - USD 1 Quarter
Net income NetIncomeLoss $167.28M USD 1 Quarter
Tax effect of unrealized loss on available for sale securities, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax - USD 1 Quarter
Tax effect of unrealized loss on available for sale securities, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-279.00K USD 1 Quarter
Unrealized gain on interest rate swaps, net (a) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Unrealized gain on interest rate swaps, net (a) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $440.00K USD 1 Quarter
Reclassification adjustment of interest rate swaps, net (b) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $219.00K USD 1 Quarter
Reclassification adjustment of interest rate swaps, net (b) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax - USD 1 Quarter
Unrealized gain on available-for-sale securities, net (c) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $495.00K USD 1 Quarter
Unrealized gain on available-for-sale securities, net (c) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-18.77M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-6.66M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $148.50M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $46.66M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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