Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2020

The following tables present our financial performance by reportable segment for the periods indicated (in thousands):



	North America		Europe		Specialty		Eliminations			Consolidated
Three Months Ended March 31, 2020
Revenue:
Third Party	$	1,289,935	$	1,363,594	$	347,406	$	—		$	3,000,935
Intersegment	260		—		1,176		(1,436		)	—
Total segment revenue	$	1,290,195	$	1,363,594	$	348,582	$	(1,436	)	$	3,000,935
Segment EBITDA	$	211,438	$	78,262	$	32,232	$	—		$	321,932
Depreciation and amortization ⁽¹⁾	23,148		41,095		7,136		—			71,379
Three Months Ended March 31, 2019
Revenue:
Third Party	$	1,302,206	$	1,445,541	$	352,556	$	—		$	3,100,303
Intersegment	103		—		1,181		(1,284		)	—
Total segment revenue	$	1,302,309	$	1,445,541	$	353,737	$	(1,284	)	$	3,100,303
Segment EBITDA	$	176,636	$	105,298	$	37,959	$	—		$	319,893
Depreciation and amortization ⁽¹⁾	22,239		47,011		6,957		—			76,207

The table below provides a reconciliation of Net Income to EBITDA and Segment EBITDA (in thousands):



	Three Months Ended
	March 31,
	2020			2019
Net income	$	145,979		$	99,063
Less: net income attributable to continuing noncontrolling interest	740			1,015
Less: net income attributable to discontinued noncontrolling interest	103			—
Net income attributable to LKQ stockholders	145,136			98,048
Subtract:
Net loss from discontinued operations	(915		)	—
Net income attributable to discontinued noncontrolling interest	(103		)	—
Net income from continuing operations attributable to LKQ stockholders	146,154			98,048
Add:
Depreciation and amortization	65,495			71,002
Depreciation and amortization - cost of goods sold	5,085			5,205
Depreciation and amortization - restructuring expenses ⁽²⁾	799			—
Interest expense, net of interest income	25,931			36,089
Loss on debt extinguishment	12,751			—
Provision for income taxes	60,411			51,550
EBITDA	316,626			261,894
Subtract:
Equity in earnings (losses) of unconsolidated subsidiaries ⁽¹⁾	516			(39,549		)
Add:
Restructuring and acquisition related expenses ⁽²⁾	6,171			3,307
Restructuring expenses - cost of goods sold	(4		)	—
(Gain on disposal of business) and impairment of net assets held for sale ⁽³⁾	(249		)	15,023
Change in fair value of contingent consideration liabilities	(96		)	120
Segment EBITDA	$	321,932		$	319,893

The following table presents capital expenditures by reportable segment (in thousands):

The following table presents assets by reportable segment (in thousands):



	March 31,		December 31,
	2020		2019
Receivables, net
North America	$	395,890	$	419,452
Europe	657,954		636,216
Specialty	114,782		75,464
Total receivables, net	1,168,626		1,131,132
Inventories
North America	991,753		991,062
Europe	1,318,033		1,401,801
Specialty	408,844		379,914
Total inventories	2,718,630		2,772,777
Property, plant and equipment, net
North America	605,299		610,573
Europe	513,582		538,951
Specialty	83,448		84,876
Total property, plant and equipment, net	1,202,329		1,234,400
Operating lease assets, net
North America	758,400		768,164
Europe	428,414		457,035
Specialty	82,466		83,312
Total operating lease assets, net	1,269,280		1,308,511
Equity method investments
North America	19,141		17,624
Europe⁽¹⁾	126,718		121,619
Total equity method investments	145,859		139,243
Other unallocated assets	5,849,346		6,193,893
Total assets	$	12,354,070	$	12,779,956

The following table sets forth our revenue by geographic area (in thousands):

The following table sets forth our tangible long-lived assets by geographic area (in thousands):