10-Q Filing

COPART INC CIK: 900075 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001145443-11-001231`
Period End Date	20111031
Filing Date	20111212
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cprt-20111031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 68

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	66.01M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	65.05M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$212.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$268.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.47M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$122.86M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$136.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	66.01M	shares	Point-in-time
Vehicle pooling costs	`VehiclePoolingCostsCurrent`	$17.03M	USD	Point-in-time
Vehicle pooling costs	`VehiclePoolingCostsCurrent`	$16.89M	USD	Point-in-time
Inventories	`InventoryFinishedGoods`	$8.02M	USD	Point-in-time
Inventories	`InventoryFinishedGoods`	$6.43M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$5.14M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$785.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.81M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$384.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$241.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$594.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$600.39M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$11.40M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$12.75M	USD	Point-in-time
Goodwill	`Goodwill`	$198.62M	USD	Point-in-time
Goodwill	`Goodwill`	$197.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$12.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$9.43M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.39M	USD	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Total assets	`Assets`	$1.08B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$101.71M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$101.49M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.64M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.53M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$22.26M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.54M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$440.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$131.00K	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`ShortTermBorrowings`	$50.37M	USD	Point-in-time
Current portion of long-term debt and capital lease obligations	`ShortTermBorrowings`	$75.39M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.84M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$208.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$166.63M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.59M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.06M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$24.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$24.71M	USD	Point-in-time
Long-term debt and capital lease obligations	`LongTermDebtNoncurrent`	$325.39M	USD	Point-in-time
Long-term debt and capital lease obligations	`LongTermDebtNoncurrent`	$425.34M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.77M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$671.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$529.26M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value - 180,000,000 shares authorized; 65,054,811 and 66,005,517 shares issued and outstanding at October 31, 2011 and July 31, 2011, respectively	`CommonStockIncludingAdditionalPaidInCapital`	$315.43M	USD	Point-in-time
Common stock, no par value - 180,000,000 shares authorized; 65,054,811 and 66,005,517 shares issued and outstanding at October 31, 2011 and July 31, 2011, respectively	`CommonStockIncludingAdditionalPaidInCapital`	$313.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$264.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$266.76M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$554.85M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$555.17M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.23B	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`	$185.65M	USD	1 Quarter
Vehicle sales	`SalesRevenueGoodsNet`	$39.98M	USD	1 Quarter
Vehicle sales	`SalesRevenueGoodsNet`	$33.09M	USD	1 Quarter
Total service revenues and vehicle sales	`SalesRevenueNet`	$212.67M	USD	1 Quarter
Total service revenues and vehicle sales	`SalesRevenueNet`	$225.63M	USD	1 Quarter
Yard operations	`DirectOperatingCosts`	$95.61M	USD	1 Quarter
Yard operations	`DirectOperatingCosts`	$96.21M	USD	1 Quarter
Cost of vehicle sales	`CostOfGoodsSold`	$34.19M	USD	1 Quarter
Cost of vehicle sales	`CostOfGoodsSold`	$28.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.85M	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`	$160.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$59.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$80.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$62.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$564.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$504.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-1.56M	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$569.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$63.81M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.16M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$22.67M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$22.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.15M	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.75M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.72M	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`	$0.62	USD	1 Quarter
Diluted weighted average common shares outstanding (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.90M	shares	1 Quarter
Diluted weighted average common shares outstanding (in dollars per share)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.41M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$37.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.03M	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-557.00K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-41.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.64M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$5.04M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$202.00K	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`	$288.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.99M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.14M	USD	1 Quarter
Vehicle pooling costs	`IncreaseDecreaseInVehiclePoolingCosts`	$-76.00K	USD	1 Quarter
Vehicle pooling costs	`IncreaseDecreaseInVehiclePoolingCosts`	$-9.28M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-739.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.45M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.50M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.82M	USD	1 Quarter
Purchase of land options and other assets, net of proceeds	`PurchaseOfLandOptionsAndOtherAssetsNetOfProceeds`	$4.17M	USD	1 Quarter
Purchase of land options and other assets, net of proceeds	`PurchaseOfLandOptionsAndOtherAssetsNetOfProceeds`	$60.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$207.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$353.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.04M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.11M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.57M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-395.00K	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-4.57M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-8.69M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.92M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.73M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$474.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-88.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$64.19M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$77.54M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.78M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.27M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$182.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.09M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.07M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$674.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.36M	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$202.00K	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$110.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$75.71M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$43.98M	USD	1 Quarter
Proceeds from the issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$125.00M	USD	1 Quarter
Debt offering costs	`PaymentsOfDebtIssuanceCosts`	$313.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$82.27M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-74.93M	USD	1 Quarter
Effect of foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-692.00K	USD	1 Quarter
Effect of foreign currency translation	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$743.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$138.67M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.72M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$212.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$268.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.01M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$212.68M	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`	$74.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.47M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.01M	USD	1 Quarter
Interest paid	`InterestPaid`	$15.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$122.00K	USD	1 Quarter

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