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Consolidated Statements of Income Statement - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 3,341 $ 3,435 $ 6,689 $ 6,606
Cost of goods sold 1,974 2,020 3,965 3,897
Gross margin 1,367 1,415 2,724 2,709
Selling, general and administrative expenses 898 901 1,822 1,750
Restructuring and transaction related expenses 4 5 7 13
Gain on disposal of businesses (155) (1) (155) (1)
Depreciation and amortization 61 65 120 131
Operating income 559 445 930 816
Other expense (income):        
Interest expense, net of interest income 14 16 29 40
Loss on debt extinguishment 0 24 0 24
Other expense (income), net 2 (6) 2 (12)
Total other expense, net 16 34 31 52
Income from continuing operations before provision for income taxes 543 411 899 764
Provision for income taxes 127 108 216 201
Equity in earnings of unconsolidated subsidiaries 4 3 6 9
Income from continuing operations 420 306 689 572
Net income from discontinued operations 0 0 4 0
Net income 420 306 693 572
Less: net income attributable to continuing noncontrolling interest 0 1 0 1
Net income attributable to LKQ stockholders $ 420 $ 305 $ 693 $ 571
Basic earnings per share: (1)        
Income from continuing operations $ 1.49 $ 1.01 $ 2.43 $ 1.89
Net income from discontinued operations 0 0 0.02 0
Net income 1.49 1.01 2.45 1.89
Less: net income attributable to continuing noncontrolling interest 0 0 0 0
Net income attributable to LKQ stockholders 1.49 1.01 2.44 1.89
Diluted earnings per share: (1)        
Income from continuing operations 1.49 1.01 2.42 1.89
Net income from discontinued operations 0 0 0.02 0
Net income 1.49 1.01 2.44 1.89
Less: net income attributable to continuing noncontrolling interest 0 0 0 0
Net income attributable to LKQ stockholders $ 1.49 $ 1.01 $ 2.44 $ 1.89