Cash flow Copart, Inc.

Equities

CPRT

US2172041061

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2025-07-11 pm EDT			5-day change	1st Jan Change
47.46 ^USD	-1.10%		-3.77%	-17.30%

Jun. 03	Tranche Update on Copart, Inc.'s Equity Buyback Plan announced on February 20, 2003.	CI
May. 23	JPMorgan Adjusts Price Target on Copart to $55 From $60, Maintains Neutral Rating	MT

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Published financial data: COPART, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2020	2021	2022	2023	2024
Revenues	2.21B	2.69B	3.5B	3.87B	4.24B
Total Revenues	2.21B	2.69B	3.5B	3.87B	4.24B
Cost of Goods Sold, Total	1.2B	1.32B	1.86B	2.1B	2.3B
Gross Profit	1.01B	1.38B	1.64B	1.77B	1.94B
Selling General & Admin Expenses, Total	192M	241M	266M	283M	366M
Other Operating Expenses, Total	192M	241M	266M	283M	366M
Operating Income	816M	1.14B	1.37B	1.49B	1.57B
Interest Expense, Total	-20.23M	-20.25M	-16.69M	-	-
Interest And Investment Income	1.36M	-	-	65.93M	146M
Net Interest Expenses	-18.87M	-20.25M	-16.69M	65.93M	146M
Income (Loss) On Equity Invest.	-1.4M	3.24M	-284K	-5.35M	-2.24M
Currency Exchange Gains (Loss)	3.1M	947K	-1.25M	5.33M	-3.24M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	799M	1.12B	1.36B	1.55B	1.71B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-1.2M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	1.91M	1.48M	939K	1.85M	2.39M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-16.76M	-	-
EBT, Incl. Unusual Items	801M	1.12B	1.34B	1.55B	1.71B
Income Tax Expense	101M	185M	251M	317M	352M
Earnings From Continuing Operations	700M	936M	1.09B	1.24B	1.36B
Net Income to Company	700M	936M	1.09B	1.24B	1.36B
Minority Interest	-	-	-	-	673K
Net Income - (IS)	700M	936M	1.09B	1.24B	1.36B
Net Income to Common Incl Extra Items	700M	936M	1.09B	1.24B	1.36B
Net Income to Common Excl. Extra Items	700M	936M	1.09B	1.24B	1.36B
Per Share Items
Net EPS - Basic	0.75	0.99	1.15	1.3	1.42
Basic EPS - Continuing Operations	0.75	0.99	1.15	1.3	1.42
Basic Weighted Average Shares Outstanding	933M	945M	950M	954M	961M
Net EPS - Diluted	0.73	0.98	1.13	1.28	1.4
Diluted EPS - Continuing Operations	0.73	0.98	1.13	1.28	1.4
Diluted Weighted Average Shares Outstanding	955M	961M	965M	967M	975M
Normalized Basic EPS	0.54	0.74	0.89	1.02	1.12
Normalized Diluted EPS	0.52	0.73	0.88	1	1.1
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	907M	1.25B	1.5B	1.64B	1.75B
EBITA	825M	1.14B	1.38B	1.5B	1.59B
EBIT	816M	1.14B	1.37B	1.49B	1.57B
EBITDAR	949M	1.28B	1.54B	1.67B	1.79B
Total Revenues (As Reported)	2.21B	2.69B	3.5B	3.87B	4.24B
Effective Tax Rate - (Ratio)	12.6	16.52	18.7	20.37	20.54
Current Domestic Taxes	66.04M	170M	213M	291M	321M
Current Foreign Taxes	13.33M	23.58M	23.25M	26.15M	34.18M
Total Current Taxes	79.37M	193M	236M	317M	356M
Deferred Domestic Taxes	21.58M	-7.75M	15.8M	-3.83M	-2.78M
Deferred Foreign Taxes	-22K	6K	-1.14M	3.51M	-499K
Total Deferred Taxes	21.56M	-7.74M	14.66M	-323K	-3.28M
Normalized Net Income	499M	700M	848M	970M	1.07B
Interest on Long-Term Debt	20.23M	65K	5K	1K	-
Supplemental Operating Expense Items
Advertising Expense	7.7M	13.7M	15.4M	17.8M	26.1M
Selling and Marketing Expenses	7.7M	13.7M	15.4M	17.8M	26.1M
General and Administrative Expenses	184M	193M	216M	233M	308M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	41.82M	34.36M	34.78M	32.38M	31.95M
Imputed Operating Lease Interest Expense	14.72M	10.74M	14.57M	-	-
Imputed Operating Lease Depreciation	27.1M	23.62M	20.22M	-	-
Stock-Based Comp., COGS (Total)	5.76M	5.29M	5.13M	6.93M	6.95M
Stock-Based Comp., G&A Exp. (Total)	17.57M	35.63M	33.84M	32.75M	28.28M
Total Stock-Based Compensation	23.32M	40.92M	38.96M	39.67M	35.23M

Fiscal Period: July	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	478M	1.05B	1.38B	957M	1.51B
Short Term Investments	-	-	-	1.41B	1.91B
Total Cash And Short Term Investments	478M	1.05B	1.38B	2.36B	3.42B
Accounts Receivable, Total	87.89M	91.61M	131M	148M	161M
Other Receivables	28.86M	24.02M	57.14M	22.91M	25.95M
Total Receivables	117M	116M	188M	171M	187M
Inventory	20.08M	44.97M	58.79M	39.97M	43.64M
Prepaid Expenses	15.33M	14.29M	18.73M	26.31M	33.87M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	334M	479M	553M	661M	731M
Total Current Assets	964M	1.7B	2.2B	3.26B	4.42B
Gross Property Plant And Equipment	2.63B	3.08B	3.37B	3.84B	4.33B
Accumulated Depreciation	-591M	-687M	-790M	-919M	-1.07B
Net Property Plant And Equipment	2.04B	2.39B	2.58B	2.92B	3.26B
Goodwill	344M	356M	402M	394M	514M
Other Intangibles, Total	66.89M	68.64M	80.4M	92.58M	111M
Deferred Tax Assets Long-Term	213K	-	-	-	-
Other Long-Term Assets, Total	39.72M	41.83M	47.71M	65.81M	129M
Total Assets	3.46B	4.56B	5.31B	6.74B	8.43B
Liabilities
Accounts Payable, Total	133M	163M	187M	180M	193M
Accrued Expenses, Total	96.59M	101M	89.93M	122M	169M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	25.57M	22.47M	21.79M	21.47M	21.3M
Current Income Taxes Payable	3.71M	7.76M	-	4.37M	60.99M
Unearned Revenue Current, Total	8.23M	20.97M	20.06M	26.12M	28.12M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	89.02M	105M	122M	138M	156M
Total Current Liabilities	356M	421M	441M	493M	629M
Long-Term Debt	396M	398M	2M	10.9M	-
Long-Term Leases	96.15M	97.96M	95.68M	88.08M	97.43M
Deferred Tax Liability Non Current	71.69M	63.97M	80.06M	89.49M	93.65M
Other Non Current Liabilities	45.4M	52.34M	64.64M	69.19M	59.56M
Total Liabilities	966M	1.03B	683M	750M	879M
Common Stock, Total	24K	24K	24K	96K	96K
Additional Paid In Capital	673M	762M	839M	939M	1.12B
Retained Earnings	1.94B	2.87B	3.96B	5.19B	6.55B
Comprehensive Income and Other	-121M	-101M	-169M	-141M	-143M
Total Common Equity	2.49B	3.53B	4.63B	5.99B	7.52B
Minority Interest	-	-	-	-	24.54M
Total Equity	2.49B	3.53B	4.63B	5.99B	7.55B
Total Liabilities And Equity	3.46B	4.56B	5.31B	6.74B	8.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	944M	948M	952M	957M	963M
ECS Total Common Shares Outstanding	941M	948M	952M	957M	963M
Book Value / Share	2.64	3.72	4.86	6.25	7.81
Tangible Book Value	2.08B	3.1B	4.14B	5.5B	6.9B
Tangible Book Value Per Share	2.21	3.27	4.35	5.75	7.16
Total Debt	518M	518M	119M	120M	119M
Net Debt	40.47M	-530M	-1.26B	-2.24B	-3.3B
Debt Equivalent Oper. Leases	335M	275M	278M	259M	256M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	24.54M
Account Code - Inventory Valuation	8	-	8	8	8
Land - (BS)	1.24B	1.43B	1.53B	1.81B	2.03B
Buildings, Total	933M	1.13B	1.21B	1.34B	1.48B
Machinery, Total	345M	407M	514M	581M	703M
Full Time Employees	7.6K	8.6K	9.5K	12K	13.09K
Accumulated Allowance for Doubtful Accounts (Supple)	6.39M	5.64M	6.58M	8.64M	12.53M

Fiscal Period: July	2020	2021	2022	2023	2024
Net Income	700M	936M	1.09B	1.24B	1.36B
Depreciation & Amortization - CF	82.09M	106M	121M	140M	168M
Amortization of Goodwill and Intangible Assets - (CF)	8.9M	6.9M	7.5M	12.4M	13.4M
Depreciation & Amortization, Total	90.99M	112M	129M	152M	181M
Amortization of Deferred Charges, Total - (CF)	13.27M	10.68M	9.8M	7.38M	9.16M
(Gain) Loss From Sale Of Asset	-1.91M	-1.48M	-939K	-1.85M	-2.39M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	1.4M	-3.24M	284K	5.35M	2.24M
Stock-Based Compensation (CF)	23.32M	40.92M	38.96M	39.67M	35.23M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	1.67M	-1.12M	1.35M	1.95M	3.91M
Other Operating Activities, Total	23.08M	-7.95M	33.78M	9.95M	-5.58M
Change In Accounts Receivable	15.99M	-128M	-97.75M	-123M	-145M
Change In Inventories	1.35M	-24.6M	-10.85M	26.55M	-3.7M
Change In Accounts Payable	41.65M	44.61M	36.31M	18.01M	59.53M
Change in Unearned Revenues	1.62M	8.78M	-574K	5.9M	1.87M
Change In Income Taxes	2.9M	15.78M	-29.84M	55.06M	53.1M
Change in Other Net Operating Assets	2.66M	-12.88M	-22.78M	-70.59M	-79.54M
Cash from Operations	918M	991M	1.18B	1.36B	1.47B
Capital Expenditure	-592M	-463M	-337M	-517M	-511M
Sale of Property, Plant, and Equipment	2.47M	2.53M	4.33M	33.92M	4.17M
Cash Acquisitions	-11.7M	-5M	-107M	-	17.66M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-2.59M	-1.41B	-451M
Cash from Investing	-601M	-465M	-442M	-1.89B	-940M
Long-Term Debt Issued, Total	-	-	-	44.49M	-
Total Debt Issued	-	-	-	44.49M	-
Long-Term Debt Repaid, Total	-1.06M	-1.12M	-417M	-33.95M	-10.84M
Total Debt Repaid	-1.06M	-1.12M	-417M	-33.95M	-10.84M
Issuance of Common Stock	79.92M	48.18M	37.73M	60.78M	36.67M
Repurchase of Common Stock	-103M	-6.14M	-1.92M	-4.71M	-6.56M
Other Financing Activities, Total	-2.81M	-	-1.21M	-	-
Cash from Financing	-27.41M	40.92M	-383M	66.62M	19.27M
Foreign Exchange Rate Adjustments	2.14M	4.2M	-15.7M	34.38M	4.96M
Net Change in Cash	291M	571M	336M	-427M	557M
Supplemental Items
Cash Interest Paid	19.73M	19.72M	18.54M	2.61M	3.13M
Cash Income Tax Paid (Refund)	83.77M	178M	263M	258M	286M
Levered Free Cash Flow	97.44M	298M	546M	584M	736M
Unlevered Free Cash Flow	107M	310M	556M	583M	736M
Change In Net Working Capital	-64.41M	100M	143M	28.2M	-38.56M
Net Debt Issued / Repaid	-1.06M	-1.12M	-417M	10.55M	-10.84M

Fiscal Period: July	2020	2021	2022	2023	2024
Profitability
Return on Assets	16.99	17.72	17.41	15.42	12.97
Return on Total Capital	19.67	20.13	19.55	17.12	14.28
Return On Equity %	32.8	31.12	26.74	23.32	20.13
Return on Common Equity	32.8	31.12	26.74	23.32	20.18
Margin Analysis
Gross Profit Margin %	45.69	51.16	46.87	45.73	45.77
SG&A Margin	8.69	8.95	7.6	7.31	8.64
EBITDA Margin %	41.13	46.38	42.95	42.35	41.41
EBITA Margin %	37.4	42.46	39.49	38.74	37.45
EBIT Margin %	37	42.21	39.28	38.42	37.13
Income From Continuing Operations Margin %	31.73	34.78	31.14	31.99	32.15
Net Income Margin %	31.73	34.78	31.14	31.99	32.17
Net Avail. For Common Margin %	31.73	34.78	31.14	31.99	32.17
Normalized Net Income Margin	22.64	26.01	24.22	25.08	25.29
Levered Free Cash Flow Margin	4.42	11.08	15.59	15.08	17.38
Unlevered Free Cash Flow Margin	4.86	11.51	15.87	15.08	17.37
Asset Turnover
Asset Turnover	0.73	0.67	0.71	0.64	0.56
Fixed Assets Turnover	1.28	1.21	1.41	1.41	1.37
Receivables Turnover (Average Receivables)	25.61	30	31.5	27.73	27.37
Inventory Turnover (Average Inventory)	58.4	40.43	35.85	42.53	54.96
Short Term Liquidity
Current Ratio	2.71	4.04	5	6.62	7.03
Quick Ratio	1.67	2.76	3.57	5.15	5.74
Operating Cash Flow to Current Liabilities	2.58	2.35	2.67	2.77	2.34
Days Sales Outstanding (Average Receivables)	14.29	12.17	11.59	13.16	13.37
Days Outstanding Inventory (Average Inventory)	6.27	9.03	10.18	8.58	6.66
Average Days Payable Outstanding	37.74	40.34	34.13	32.2	29.69
Cash Conversion Cycle (Average Days)	-17.19	-19.14	-12.36	-10.45	-9.66
Long Term Solvency
Total Debt/Equity	20.81	14.68	2.58	2.01	1.57
Total Debt / Total Capital	17.23	12.8	2.52	1.97	1.55
LT Debt/Equity	19.79	14.04	2.11	1.65	1.29
Long-Term Debt / Total Capital	16.38	12.25	2.06	1.62	1.27
Total Liabilities / Total Assets	27.95	22.64	12.87	11.14	10.43
EBIT / Interest Expense	40.34	56.13	82.39	-	-
EBITDA / Interest Expense	46.91	63.38	92.2	-	-
(EBITDA - Capex) / Interest Expense	17.64	40.51	71.98	-	-
Total Debt / EBITDA	0.55	0.4	0.08	0.07	0.07
Net Debt / EBITDA	0.04	-0.41	-0.82	-1.34	-1.85
Total Debt / (EBITDA - Capex)	1.45	0.63	0.1	0.1	0.09
Net Debt / (EBITDA - Capex)	0.11	-0.65	-1.05	-1.94	-2.59
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.01	22.08	30.02	10.53	9.49
Gross Profit, 1 Yr. Growth %	12.18	31.23	19.13	7.82	9.6
EBITDA, 1 Yr. Growth %	14.28	37.67	20.42	8.98	7.04
EBITA, 1 Yr. Growth %	13.48	38.59	20.92	8.42	5.85
EBIT, 1 Yr. Growth %	13.9	39.25	20.99	8.11	5.83
Earnings From Cont. Operations, 1 Yr. Growth %	18.29	33.8	16.41	13.54	10.07
Net Income, 1 Yr. Growth %	18.29	33.8	16.41	13.54	10.12
Normalized Net Income, 1 Yr. Growth %	13.83	40.23	21.1	14.42	10.44
Diluted EPS Before Extra, 1 Yr. Growth %	19.11	33.11	15.9	13.27	9.38
Accounts Receivable, 1 Yr. Growth %	4.22	4.23	42.63	13.6	8.54
Inventory, 1 Yr. Growth %	-4.11	123.94	30.74	-32.01	9.17
Net Property, Plant and Equip., 1 Yr. Growth %	44.56	17.26	7.65	13.44	11.38
Total Assets, 1 Yr. Growth %	35.63	32.03	16.37	26.92	25.08
Tangible Book Value, 1 Yr. Growth %	51.3	49.34	33.44	32.76	25.42
Common Equity, 1 Yr. Growth %	39.99	41.76	31.07	29.44	25.66
Cash From Operations, 1 Yr. Growth %	41.95	7.95	18.75	15.94	7.94
Capital Expenditures, 1 Yr. Growth %	58.33	-21.79	-27.12	53.1	-1.09
Levered Free Cash Flow, 1 Yr. Growth %	-10.46	203.6	82.89	6.94	26.16
Unlevered Free Cash Flow, 1 Yr. Growth %	-11.22	188.99	79.29	5.02	26.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.52	14.83	25.99	19.88	10.01
Gross Profit, 2 Yr. CAGR %	14.98	21.77	27.6	14.78	9.88
EBITDA, 2 Yr. CAGR %	17.38	25.43	28.76	14.56	8.01
EBITA, 2 Yr. CAGR %	17.31	25.41	29.45	14.5	7.13
EBIT, 2 Yr. CAGR %	18.06	25.94	29.8	14.37	6.97
Earnings From Cont. Operations, 2 Yr. CAGR %	29.4	25.81	24.8	14.96	11.79
Net Income, 2 Yr. CAGR %	29.42	25.81	24.8	14.96	11.82
Normalized Net Income, 2 Yr. CAGR %	18.83	26.34	30.32	17.72	12.41
Diluted EPS Before Extra, 2 Yr. CAGR %	30.14	25.91	24.2	14.87	11.31
Accounts Receivable, 2 Yr. CAGR %	-14.35	4.23	21.93	27.29	11.04
Inventory, 2 Yr. CAGR %	9.54	46.54	71.11	-5.72	-13.84
Net Property, Plant and Equip., 2 Yr. CAGR %	33.3	30.2	12.35	10.51	12.4
Total Assets, 2 Yr. CAGR %	22.36	33.82	23.95	21.53	26
Tangible Book Value, 2 Yr. CAGR %	33.63	50.32	41.17	33.1	29.04
Common Equity, 2 Yr. CAGR %	25.48	40.87	36.31	30.25	27.54
Cash From Operations, 2 Yr. CAGR %	30.98	23.79	13.22	17.34	11.87
Capital Expenditures, 2 Yr. CAGR %	43.39	11.28	-24.5	5.63	23.06
Levered Free Cash Flow, 2 Yr. CAGR %	-23.44	64.55	135.64	39.85	16.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	-22.5	60.18	127.62	37.22	15.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.06	14.25	19.69	20.61	16.31
Gross Profit, 3 Yr. CAGR %	15.05	21.8	20.89	20.64	13.02
EBITDA, 3 Yr. CAGR %	19.84	23.79	23.74	21.8	12
EBITA, 3 Yr. CAGR %	19.17	24.01	23.89	22.02	11.54
EBIT, 3 Yr. CAGR %	19.3	24.74	24.27	22.13	11.45
Earnings From Cont. Operations, 3 Yr. CAGR %	21.08	30.85	22.59	20.93	13.31
Net Income, 3 Yr. CAGR %	21.09	30.86	22.59	20.93	13.33
Normalized Net Income, 3 Yr. CAGR %	20.24	25.58	24.57	24.79	15.24
Diluted EPS Before Extra, 3 Yr. CAGR %	20.85	31.12	22.48	20.45	13.01
Accounts Receivable, 3 Yr. CAGR %	-6.02	-8.56	15.72	19.09	20.71
Inventory, 3 Yr. CAGR %	25.48	39.03	41.07	25.8	-1
Net Property, Plant and Equip., 3 Yr. CAGR %	29.9	27.72	22.2	12.71	10.8
Total Assets, 3 Yr. CAGR %	20.34	25.51	27.73	24.93	22.7
Tangible Book Value, 3 Yr. CAGR %	45.92	38.67	44.47	38.31	30.49
Common Equity, 3 Yr. CAGR %	31.37	30.69	37.52	33.98	28.7
Cash From Operations, 3 Yr. CAGR %	23.1	22.8	22.09	14.12	14.12
Capital Expenditures, 3 Yr. CAGR %	50.93	17.16	-3.36	-4.44	3.34
Levered Free Cash Flow, 3 Yr. CAGR %	-17.79	21.54	70.45	81.08	35.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	-17.34	20.18	66.31	75.89	33.41
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.99	16.25	19.31	16.47	15.72
Gross Profit, 5 Yr. CAGR %	14.65	19.33	19.92	18.34	15.86
EBITDA, 5 Yr. CAGR %	18.63	22.84	23.33	20.01	17.19
EBITA, 5 Yr. CAGR %	18.63	22.63	23.18	20.12	16.89
EBIT, 5 Yr. CAGR %	18.83	22.83	23.39	20.49	17.04
Earnings From Cont. Operations, 5 Yr. CAGR %	26.07	28.21	22.56	24.25	18.15
Net Income, 5 Yr. CAGR %	26.07	28.21	22.56	24.26	18.16
Normalized Net Income, 5 Yr. CAGR %	19.26	23.16	24.17	22.37	19.56
Diluted EPS Before Extra, 5 Yr. CAGR %	28.39	28.57	22.18	24.24	17.88
Accounts Receivable, 5 Yr. CAGR %	4.42	2.16	4.3	4.38	13.82
Inventory, 5 Yr. CAGR %	18.45	34.05	42.06	19.02	15.82
Net Property, Plant and Equip., 5 Yr. CAGR %	24.66	24.87	22.57	20.53	18.18
Total Assets, 5 Yr. CAGR %	13.95	22.56	21.77	23.9	27.03
Tangible Book Value, 5 Yr. CAGR %	26.09	45.63	44	36.42	38.09
Common Equity, 5 Yr. CAGR %	20.88	35.44	33.32	30.51	33.44
Cash From Operations, 5 Yr. CAGR %	28.2	24.41	19.05	20.59	17.89
Capital Expenditures, 5 Yr. CAGR %	49.54	21.63	14.41	12.4	6.45
Levered Free Cash Flow, 5 Yr. CAGR %	-9.64	21.18	25.49	28.56	46.21
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.9	19.37	23.96	26.73	43.53