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10-Q Filing

COPART INC CIK: 900075 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000900075-17-000062
Period End Date 20171031
Filing Date 20171128
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance cprt-20171031.xml
Filing Contents
Balance Sheet 82 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 $224.25M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $155.85M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $210.10M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $168.42M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $366.64M 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
Accounts receivable, net AccountsReceivableNetCurrent $311.85M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 400.00M shares Point-in-time
Vehicle pooling costs VehiclePoolingCosts $37.68M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 400.00M shares Point-in-time
Vehicle pooling costs VehiclePoolingCosts $31.12M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 230.49M shares Point-in-time
Inventories InventoryNet $10.14M USD Point-in-time
Inventories InventoryNet $10.16M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 231.22M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 231.22M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 230.49M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $139.00K USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $6.42M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $17.62M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $15.53M USD Point-in-time
Total current assets AssetsCurrent $587.26M USD Point-in-time
Total current assets AssetsCurrent $654.37M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $959.72M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $944.06M USD Point-in-time
Intangibles, net FiniteLivedIntangibleAssetsNet $75.94M USD Point-in-time
Intangibles, net FiniteLivedIntangibleAssetsNet $73.28M USD Point-in-time
Goodwill Goodwill $340.24M USD Point-in-time
Goodwill Goodwill $339.02M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent - USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $1.29M USD Point-in-time
Other assets OtherAssetsNoncurrent $36.27M USD Point-in-time
Other assets OtherAssetsNoncurrent $33.72M USD Point-in-time
Total assets Assets $2.06B USD Point-in-time
Total assets Assets $1.98B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $208.41M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $222.40M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $5.19M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $5.02M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $6.47M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $28.43M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $92.00K USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent - USD Point-in-time
Current portion of revolving loan facility and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $33.15M USD Point-in-time
Current portion of revolving loan facility and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $82.16M USD Point-in-time
Total current liabilities LiabilitiesCurrent $302.15M USD Point-in-time
Total current liabilities LiabilitiesCurrent $289.17M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $4.81M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $3.19M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $24.57M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $26.09M USD Point-in-time
Long-term debt, revolving loan facility and capital lease obligations, net of discount LongTermDebtAndCapitalLeaseObligations $550.70M USD Point-in-time
Long-term debt, revolving loan facility and capital lease obligations, net of discount LongTermDebtAndCapitalLeaseObligations $550.88M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $3.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $3.10M USD Point-in-time
Total liabilities Liabilities $873.76M USD Point-in-time
Total liabilities Liabilities $883.90M 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; 231,218,619 and 230,488,296 shares issued and outstanding, respectively. CommonStockValue $23.00K USD Point-in-time
Common stock: $0.0001 par value - 400,000,000 shares authorized; 231,218,619 and 230,488,296 shares issued and outstanding, respectively. CommonStockValue $23.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $467.91M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $453.35M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-102.16M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-100.68M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $822.55M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $745.37M USD Point-in-time
Noncontrolling interest MinorityInterest $534.00K USD Point-in-time
Noncontrolling interest MinorityInterest $578.00K USD Point-in-time
Total stockholders equity StockholdersEquity $1.10B USD Point-in-time
Total stockholders equity StockholdersEquity $1.19B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.98B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $2.06B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Service revenues SalesRevenueServicesNet $374.12M USD 1 Quarter
Service revenues SalesRevenueServicesNet $307.08M USD 1 Quarter
Vehicle sales SalesRevenueGoodsNet $38.91M USD 1 Quarter
Vehicle sales SalesRevenueGoodsNet $45.04M USD 1 Quarter
Total service revenues and vehicle sales SalesRevenueNet $419.17M USD 1 Quarter
Total service revenues and vehicle sales SalesRevenueNet $345.99M USD 1 Quarter
Yard operations DirectOperatingCosts $217.61M USD 1 Quarter
Yard operations DirectOperatingCosts $167.61M USD 1 Quarter
Cost of vehicle sales CostOfGoodsSold $33.09M USD 1 Quarter
Cost of vehicle sales CostOfGoodsSold $38.30M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $39.32M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $40.47M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $241.17M USD 1 Quarter
Total operating expenses OperatingCostsAndExpenses $295.23M USD 1 Quarter
Operating income OperatingIncomeLoss $123.94M USD 1 Quarter
Operating income OperatingIncomeLoss $104.82M USD 1 Quarter
Interest expense InterestExpense $5.96M USD 1 Quarter
Interest expense InterestExpense $5.59M USD 1 Quarter
Interest income InvestmentIncomeInterest $197.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $337.00K USD 1 Quarter
Other (expense) income, net OtherNonoperatingIncomeExpense $-4.42M USD 1 Quarter
Other (expense) income, net OtherNonoperatingIncomeExpense $3.33M USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-9.81M USD 1 Quarter
Total other expenses NonoperatingIncomeExpense $-2.29M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $102.53M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $114.13M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $36.57M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $-64.75M USD 1 Quarter
Net income ProfitLoss $167.28M USD 1 Quarter
Net income ProfitLoss $77.56M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $45.00K USD 1 Quarter
Net income attributable to Copart, Inc. NetIncomeLoss $77.52M USD 1 Quarter
Net income attributable to Copart, Inc. NetIncomeLoss $167.28M USD 1 Quarter
Basic net income per common share EarningsPerShareBasic $0.74 USD 1 Quarter
Basic net income per common share EarningsPerShareBasic $0.34 USD 1 Quarter
Weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 225.44M shares 1 Quarter
Weighted average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 230.69M shares 1 Quarter
Diluted net income per common share EarningsPerShareDiluted $0.70 USD 1 Quarter
Diluted net income per common share EarningsPerShareDiluted $0.32 USD 1 Quarter
Diluted weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 238.79M shares 1 Quarter
Diluted weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 237.76M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $167.28M USD 1 Quarter
Net income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $77.56M USD 1 Quarter
Depreciation and amortization, including debt cost DepreciationAmortizationAndAccretionNet $14.82M USD 1 Quarter
Depreciation and amortization, including debt cost DepreciationAmortizationAndAccretionNet $16.01M USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $22.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $547.00K USD 1 Quarter
Equity in (earnings) losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $109.00K USD 1 Quarter
Equity in (earnings) losses of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $-349.00K USD 1 Quarter
Stock-based payment compensation ShareBasedCompensation $5.08M USD 1 Quarter
Stock-based payment compensation ShareBasedCompensation $5.31M USD 1 Quarter
Loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-38.00K USD 1 Quarter
Loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-4.46M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.76M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $22.09M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $55.90M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $29.47M USD 1 Quarter
Vehicle pooling costs IncreaseDecreaseInVehiclePoolingCosts $6.57M USD 1 Quarter
Vehicle pooling costs IncreaseDecreaseInVehiclePoolingCosts $2.94M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-1.15M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-36.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.39M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $62.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $202.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.42M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-14.83M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $22.21M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $166.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-602.00K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $92.17M USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-6.27M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $2.62M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $23.46M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-368.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-337.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $74.29M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $93.36M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $41.48M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $38.21M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $190.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.02M USD 1 Quarter
Purchase of assets in connection with acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired $-123.00K USD 1 Quarter
Purchase of assets in connection with acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Investment in unconsolidated affiliate PaymentsToAcquireEquityMethodInvestments - USD 1 Quarter
Investment in unconsolidated affiliate PaymentsToAcquireEquityMethodInvestments $1.05M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-39.34M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-39.07M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $13.98M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $9.25M USD 1 Quarter
Payments for employee stock-based tax withholdings PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.00K USD 1 Quarter
Payments for employee stock-based tax withholdings PaymentsRelatedToTaxWithholdingForShareBasedCompensation $134.62M USD 1 Quarter
Net (repayments) proceeds on revolving loan facility ProceedsFromRepaymentsOfLinesOfCredit $103.90M USD 1 Quarter
Net (repayments) proceeds on revolving loan facility ProceedsFromRepaymentsOfLinesOfCredit $-49.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-39.75M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-16.74M USD 1 Quarter
Effect of foreign currency translation EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-122.00K USD 1 Quarter
Effect of foreign currency translation EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-5.91M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $14.15M 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 $224.25M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $155.85M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $210.10M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $168.42M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $224.25M 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 $210.10M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $168.42M USD Point-in-time
Interest paid InterestPaid $5.43M USD 1 Quarter
Interest paid InterestPaid $5.50M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaid $2.68M USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaid $4.17M USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $167.28M USD 1 Quarter
Net income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $77.56M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-1.48M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-18.77M USD 1 Quarter
Comprehensive income OtherComprehensiveIncomeLossNetOfTax $76.08M USD 1 Quarter
Comprehensive income OtherComprehensiveIncomeLossNetOfTax $148.50M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to noncontrolling interest OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest $45.00K USD 1 Quarter
Comprehensive income attributable to Copart, Inc. ComprehensiveIncomeNetOfTax $76.03M USD 1 Quarter
Comprehensive income attributable to Copart, Inc. ComprehensiveIncomeNetOfTax $148.50M USD 1 Quarter

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

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