10-Q Filing

COPART INC CIK: 900075 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001145443-10-002795`
Period End Date	20101031
Filing Date	20101203
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	cprt-20101031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 38 Cash Flow Statement 66

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares Authorised	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common stock, shares Authorised	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	84.36M	shares	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	82.19M	shares	Point-in-time
Common stock, Shares Outstanding	`CommonStockSharesOutstanding`	84.36M	shares	Point-in-time
Common stock, Shares Outstanding	`CommonStockSharesOutstanding`	82.19M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$268.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$218.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.69M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$109.06M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$117.03M	USD	Point-in-time
Vehicle pooling costs	`VehiclePoolingCostsCurrent`	$29.89M	USD	Point-in-time
Vehicle pooling costs	`VehiclePoolingCostsCurrent`	$20.71M	USD	Point-in-time
Inventories	`InventoryFinishedGoods`	$4.98M	USD	Point-in-time
Inventories	`InventoryFinishedGoods`	$4.35M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.38M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$10.96M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.34M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$416.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$437.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$574.88M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$573.51M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$11.98M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$13.02M	USD	Point-in-time
Goodwill	`Goodwill`	$175.87M	USD	Point-in-time
Goodwill	`Goodwill`	$178.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$9.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$10.21M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.78M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.76M	USD	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$93.74M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$95.42M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.61M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$10.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$14.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$241.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$374.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$343.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$116.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$23.37M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$24.05M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.16M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$141.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$151.12M	USD	Point-in-time
Common stock, no par value - 180,000 shares authorized; 82,186 and 84,363 shares issued and outstanding at October 31, 2010 and July 31, 2010, respectively	`CommonStockValue`	$365.51M	USD	Point-in-time
Common stock, no par value - 180,000 shares authorized; 82,186 and 84,363 shares issued and outstanding at October 31, 2010 and July 31, 2010, respectively	`CommonStockValue`	$361.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$726.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$754.47M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.09B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Service revenues	`SalesRevenueServicesNet`	$179.58M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$153.76M	USD	1 Quarter
Vehicle sales	`SalesRevenueGoodsNet`	$33.09M	USD	1 Quarter
Vehicle sales	`SalesRevenueGoodsNet`	$31.70M	USD	1 Quarter
Total service revenues and vehicle sales	`SalesRevenueNet`	$212.67M	USD	1 Quarter
Total service revenues and vehicle sales	`SalesRevenueNet`	$185.46M	USD	1 Quarter
Yard operations	`DirectOperatingCosts`	$78.45M	USD	1 Quarter
Yard operations	`DirectOperatingCosts`	$95.61M	USD	1 Quarter
Cost of vehicle sales	`CostOfGoodsSold`	$28.21M	USD	1 Quarter
Cost of vehicle sales	`CostOfGoodsSold`	$24.43M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.26M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$153.07M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$128.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$56.49M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$59.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$142.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$71.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$80.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$631.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$504.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$569.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$560.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.16M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$22.34M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$21.78M	USD	1 Quarter
Net income	`ProfitLoss`	$35.27M	USD	1 Quarter
Net income	`ProfitLoss`	$37.82M	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.05M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.75M	shares	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Weighted average common shares and dilutive potential common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.41M	shares	1 Quarter
Weighted average common shares and dilutive potential common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.95M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$35.27M	USD	1 Quarter
Net income	`ProfitLoss`	$37.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.72M	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$176.00K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-41.00K	USD	1 Quarter
Deferred rent	`DeferredRent`	$88.00K	USD	1 Quarter
Deferred rent	`DeferredRent`	$125.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.29M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.64M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.43M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$110.00K	USD	1 Quarter
(Gain) loss on sale and impairment of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.27M	USD	1 Quarter
(Gain) loss on sale and impairment of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$18.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.05M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-395.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.99M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$580.00K	USD	1 Quarter
Vehicle pooling costs	`IncreaseDecreaseInVehiclePoolingCosts`	$-9.28M	USD	1 Quarter
Vehicle pooling costs	`IncreaseDecreaseInVehiclePoolingCosts`	$-861.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-739.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-271.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.82M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.01M	USD	1 Quarter
Land purchase options and other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-251.00K	USD	1 Quarter
Land purchase options and other assets	`IncreaseDecreaseInOtherOperatingAssets`	$60.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.82M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$353.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-868.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.04M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-8.69M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-5.59M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.92M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.63M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$77.69M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$77.54M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.78M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.51M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.70M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$605.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.07M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.91M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.03M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$674.00K	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$110.00K	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.43M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.53M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$75.71M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-74.93M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-77.00K	USD	1 Quarter
Effect of foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$743.00K	USD	1 Quarter
Effect of foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$881.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.72M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$55.59M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$268.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$218.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.69M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$268.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$218.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.69M	USD	Point-in-time
Interest paid	`InterestPaid`	$142.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$15.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$122.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$1.61M	USD	1 Quarter

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