IAA · Iaa, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Revenue | $2.10B | $1.84B | $1.38B | $1.22B |
| Cost of Revenue | - | - | - | - |
| Gross Profit | - | - | - | - |
| R&D | - | - | - | - |
| SG&A | $212.10M | $192.30M | $144.90M | $113.30M |
| Total Operating Expenses | $1.68B | $1.39B | $1.07B | $984.50M |
| D&A | $105.60M | $86.50M | $81.10M | $93.10M |
| Operating Income | $417.00M | $445.90M | $312.00M | $234.70M |
| Interest Expense | $51.00M | $57.70M | $56.00M | $38.60M |
| Income Tax | $69.00M | $93.60M | $62.20M | $35.60M |
| Net Income | $292.40M | $294.40M | $194.80M | $161.40M |
| EPS - Basic | $2.18 | $2.18 | $1.45 | $1.21 |
| EPS - Diluted | $2.18 | $2.18 | $1.44 | $1.20 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash & Equivalents | $195.90M | $109.40M | $232.80M | $47.10M |
| Accounts Receivable | $445.20M | $465.70M | $374.80M | $335.90M |
| Inventory | $51.40M | $14.60M | - | - |
| Accounts Payable | $231.00M | $163.50M | $122.60M | $96.40M |
| Current Assets | $788.40M | $769.90M | $692.00M | $460.00M |
| Total Assets | $3.36B | $3.15B | $2.53B | $1.43B |
| Current Liabilities | $450.00M | $607.90M | $282.50M | $243.70M |
| Long-term Debt | $1.09B | $1.12B | $1.25B | $1.25B |
| Total Liabilities | - | - | - | - |
| Stockholders' Equity | $567.30M | $333.60M | $69.40M | $547.80M |
| Retained Earnings | $654.50M | $362.10M | $67.70M | ($127.10M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Operating Cash Flow | $399.30M | $311.10M | $310.00M | $201.30M |
| Investing Cash Flow | ($143.00M) | ($393.90M) | ($69.00M) | ($55.10M) |
| Financing Cash Flow | ($212.10M) | $12.20M | ($56.30M) | ($155.80M) |
| CapEx | $178.30M | $135.60M | $69.80M | $54.90M |
| Free Cash Flow | $221.00M | $175.50M | $240.20M | $146.40M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | - | - | - | - |
| Operating margin | 19.9% | 24.3% | 22.5% | 19.3% |
| EBITDA margin | 24.9% | 29.0% | 28.4% | 26.9% |
| Net margin | 13.9% | 16.0% | 14.1% | 13.2% |
| Free cash flow margin | 10.5% | 9.6% | 17.3% | 12.0% |
| FCF / Net income | 0.76 | 0.60 | 1.23 | 0.91 |
| R&D / Revenue | - | - | - | - |
| SG&A / Revenue | 10.1% | 10.5% | 10.5% | 9.3% |
| Effective tax rate | 19.1% | 24.1% | 24.2% | 18.1% |
| Return on assets | 8.7% | 9.3% | 7.7% | 11.3% |
| Return on equity | 51.5% | 88.2% | 280.7% | 29.5% |
| Return on invested capital | 20.3% | 23.3% | 18.0% | 10.7% |
| Liquidity | ||||
| Current ratio | 1.75 | 1.27 | 2.45 | 1.89 |
| Quick ratio | 1.64 | 1.24 | 2.45 | 1.89 |
| Cash ratio | 0.44 | 0.18 | 0.82 | 0.19 |
| Leverage | ||||
| Debt / Equity | 1.92 | 3.36 | 17.98 | 2.29 |
| Debt / Assets | 0.32 | 0.36 | 0.49 | 0.87 |
| Debt / EBITDA | 2.09 | 2.10 | 3.17 | 3.83 |
| Interest coverage | 8.2x | 7.7x | 5.6x | 6.1x |
| Equity multiplier | 5.93 | 9.46 | 36.44 | 2.62 |
| Liabilities / Assets | - | - | - | - |
| Efficiency | ||||
| Asset turnover | 0.62 | 0.58 | 0.55 | 0.85 |
| Inventory turnover | - | - | - | - |
| Days sales outstanding | 77d | 93d | 99d | 101d |
| Days inventory outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Cash conversion cycle | - | - | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | 14.2% | 32.7% | 13.6% | - |
| Revenue CAGR (3y) | 19.9% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - |
| Operating income growth (YoY) | -6.5% | 42.9% | 32.9% | - |
| Net income growth (YoY) | -0.7% | 51.1% | 20.7% | - |
| EPS growth (YoY) | 0.0% | 51.4% | 20.0% | - |
| EPS CAGR (3y) | 22.0% | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | 25.9% | -26.9% | 64.1% | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | 70.1% | 380.7% | -87.3% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-01-02.
Business segments
$1.84B totalUnited States Segment$1.56B · 85.1%
International Segment$274.10M · 14.9%
Product / service
$1.84B totalService$1.54B · 83.7%
Product$299.70M · 16.3%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Auto Dealers & Gasoline Stations
Comparing IAA against the 5 most active filers in the same SIC group.