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IAA, Inc. (IAA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsJan-01-23Jan-02-22Dec-27-20Dec-29-19Dec-30-18Dec-31-17
   10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  1,700.81,563.31,215.11,266.11,185.11,098.0
    International  398.1274.1169.8170.7141.7121.2
Total revenues  2,098.91,837.41,384.91,436.81,326.81,219.2
            Revenue growth   [+]14.2%32.7%-3.6%8.3%8.8% 
Cost of goods sold  1,364.21,112.7846.9888.2821.2778.1
Gross profit  734.7724.7538.0548.6505.6441.1
            Gross margin  35.0%39.4%38.8%38.2%38.1%36.2%
Selling, general and administrative  212.1192.3144.9142.4123.8113.3
EBITDA   [+]522.6532.4393.1406.2381.8327.8
            EBITDA margin  24.9%29.0%28.4%28.3%28.8%26.9%
Depreciation  43.141.643.044.153.849.2
EBITA  479.5490.8350.1362.1328.0278.6
            EBITA margin  22.8%26.7%25.3%25.2%24.7%22.9%
Amortization of intangibles  62.544.938.144.343.643.9
EBIT   [+]417.0445.9312.0317.8284.4234.7
            EBIT margin  19.9%24.3%22.5%22.1%21.4%19.3%
Interest expense  51.057.756.055.738.738.6
Other income (expense), net  -4.6-0.21.00.10.50.9
Pre-tax income  361.4388.0257.0262.2246.2197.0
Income taxes  69.093.662.269.062.535.6
            Tax rate  19.1%24.1%24.2%26.3%25.4%18.1%
Net income  292.4294.4194.8193.2183.7161.4
            Net margin  13.9%16.0%14.1%13.4%13.8%13.2%
   
Basic EPS   [+]$2.18$2.19$1.45$1.45$1.38$1.21
Diluted EPS   [+]$2.18$2.18$1.44$1.44$1.37$1.20
   
Shares outstanding (basic)   [+]133.9134.7134.1133.4133.4133.4
Shares outstanding (diluted)   [+]134.1135.3135.1134.4134.1134.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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