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 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $497.50M | $520.30M | $557.60M | $420.70M | $445.10M | $423.50M | - | $338.00M | $296.80M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $51.00M | $47.50M | $54.30M | $49.80M | $43.70M | $43.40M | - | $34.90M | $34.30M |
| Total Operating Expenses | - | $413.50M | $412.40M | $436.80M | $323.90M | $313.40M | $314.00M | - | $254.00M | $239.00M |
| D&A | - | $25.20M | $26.60M | $26.10M | $21.20M | $20.50M | $19.80M | - | $19.40M | $19.60M |
| Operating Income | - | $84.00M | $107.90M | $120.80M | $96.80M | $131.70M | $109.50M | - | $84.00M | $57.80M |
| Interest Expense | - | $13.30M | $11.50M | $11.20M | $11.10M | $21.90M | $13.00M | - | $13.30M | $13.80M |
| Income Tax | - | $17.40M | $10.10M | $26.50M | $19.80M | $27.20M | $24.40M | - | $18.10M | $10.70M |
| Net Income | - | $50.30M | $82.70M | $81.50M | $65.70M | $82.90M | $72.50M | - | $52.80M | $33.20M |
| EPS - Basic | - | $0.38 | $0.62 | $0.61 | $0.49 | $0.61 | $0.54 | - | $0.39 | $0.25 |
| EPS - Diluted | - | $0.38 | $0.62 | $0.61 | $0.49 | $0.61 | $0.54 | - | $0.39 | $0.25 |
Balance Sheet
| Line item | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $195.90M | $145.90M | $137.60M | $136.20M | $286.10M | $282.10M | $314.90M | $232.80M | $216.20M | $187.00M |
| Accounts Receivable | $445.20M | $418.00M | $394.80M | $465.70M | $406.60M | $338.00M | $366.90M | $374.80M | $323.50M | $274.40M |
| Inventory | $51.40M | - | - | $49.70M | - | - | - | $14.60M | - | - |
| Accounts Payable | $231.00M | $196.30M | $191.20M | $130.20M | $120.10M | $98.60M | $100.40M | $122.60M | $101.30M | $74.10M |
| Current Assets | $788.40M | $702.10M | $686.60M | $731.70M | $811.10M | $701.70M | $763.80M | $692.00M | $618.80M | $524.60M |
| Total Assets | $3.36B | $3.18B | $3.13B | $3.16B | $2.81B | $2.67B | $2.63B | $2.53B | $2.39B | $2.27B |
| Current Liabilities | $450.00M | $421.30M | $403.80M | $480.60M | $334.00M | $279.60M | $294.10M | $282.50M | $266.40M | $231.70M |
| Long-term Debt | $1.09B | $1.10B | $1.11B | $1.11B | $1.13B | $1.14B | $1.25B | $1.25B | $1.25B | $1.25B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $567.30M | $463.90M | $438.50M | $396.00M | $295.20M | $230.20M | $142.20M | $69.40M | ($3.60M) | ($67.40M) |
| Retained Earnings | $654.50M | $576.60M | $526.30M | $443.60M | $288.80M | $223.10M | $140.20M | $67.70M | $3.60M | ($49.20M) |
Cash Flow
| Line item | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $97.70M | - | - | $121.30M | - | - | - |
| Investing Cash Flow | - | - | - | $5.20M | - | - | ($31.10M) | - | - | - |
| Financing Cash Flow | - | - | - | ($128.80M) | - | - | ($8.60M) | - | - | - |
| CapEx | - | - | - | $30.90M | - | - | $30.30M | - | - | - |
| Free Cash Flow | - | - | - | $66.80M | - | - | $91.00M | - | - | - |
Ratios
| Metric | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | 16.9% | 20.7% | 21.7% | 23.0% | 29.6% | 25.9% | - | 24.9% | 19.5% |
| EBITDA margin | - | 21.9% | 25.9% | 26.3% | 28.0% | 34.2% | 30.5% | - | 30.6% | 26.1% |
| Net margin | - | 10.1% | 15.9% | 14.6% | 15.6% | 18.6% | 17.1% | - | 15.6% | 11.2% |
| Free cash flow margin | - | - | - | 12.0% | - | - | 21.5% | - | - | - |
| FCF / Net income | - | - | - | 0.82 | - | - | 1.26 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 10.3% | 9.1% | 9.7% | 11.8% | 9.8% | 10.2% | - | 10.3% | 11.6% |
| Effective tax rate | - | 25.7% | 10.9% | 24.5% | 23.2% | 24.7% | 25.2% | - | 25.5% | 24.4% |
| Return on assets | - | 1.6% | 2.6% | 2.6% | 2.3% | 3.1% | 2.8% | - | 2.2% | 1.5% |
| Return on equity | - | 10.8% | 18.9% | 20.6% | 22.3% | 36.0% | 51.0% | - | -1466.7% | -49.3% |
| Return on invested capital | - | 4.0% | 6.2% | 6.0% | 5.2% | 7.3% | 5.9% | - | 5.0% | 3.7% |
| Liquidity | ||||||||||
| Current ratio | 1.75 | 1.67 | 1.70 | 1.52 | 2.43 | 2.51 | 2.60 | 2.45 | 2.32 | 2.26 |
| Quick ratio | 1.64 | 1.67 | 1.70 | 1.42 | 2.43 | 2.51 | 2.60 | 2.40 | 2.32 | 2.26 |
| Cash ratio | 0.44 | 0.35 | 0.34 | 0.28 | 0.86 | 1.01 | 1.07 | 0.82 | 0.81 | 0.81 |
| Leverage | ||||||||||
| Debt / Equity | 1.92 | 2.37 | 2.52 | 2.81 | 3.82 | 4.93 | 8.77 | 17.98 | -347.47 | -18.55 |
| Debt / Assets | 0.32 | 0.35 | 0.35 | 0.35 | 0.40 | 0.42 | 0.47 | 0.49 | 0.52 | 0.55 |
| Debt / EBITDA | - | 10.06 | 8.22 | 7.58 | 9.56 | 7.46 | 9.65 | - | 12.10 | 16.15 |
| Interest coverage | - | 6.3x | 9.4x | 10.8x | 8.7x | 6.0x | 8.4x | - | 6.3x | 4.2x |
| Equity multiplier | 5.93 | 6.86 | 7.13 | 7.97 | 9.53 | 11.61 | 18.47 | 36.44 | -663.56 | -33.73 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | - | 0.16 | 0.17 | 0.18 | 0.15 | 0.17 | 0.16 | - | 0.14 | 0.13 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 307d | 277d | 305d | 353d | 277d | 316d | - | 349d | 337d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 18.3% | 16.9% | 31.7% | 24.5% | 50.0% | 15.5% | - | 5.3% | -10.9% |
| Revenue CAGR (3y) | - | 15.7% | 16.0% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -13.2% | -18.1% | 10.3% | 15.2% | 127.9% | 45.8% | - | 12.0% | -30.3% |
| Net income growth (YoY) | - | -23.4% | -0.2% | 12.4% | 24.4% | 149.7% | 62.2% | - | 26.3% | -35.3% |
| EPS growth (YoY) | - | -22.4% | 1.6% | 13.0% | 25.6% | 144.0% | 63.6% | - | 34.5% | -34.2% |
| EPS CAGR (3y) | - | 9.4% | 17.7% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | -26.6% | - | - | 5.0% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 43.3% | 57.1% | 90.5% | 178.5% | - | - | - | - | - | 70.6% |
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%
Peer comparison
Same SIC group: Retail-Auto Dealers & Gasoline Stations
Comparing IAA against the 5 most active filers in the same SIC group.