Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Copart.
Income Statement
| Breakdown | July 31, 2024 | July 31, 2023 | July 31, 2022 | July 31, 2021 | July 31, 2020 | July 31, 2019 | July 31, 2018 | July 31, 2017 | July 31, 2016 | July 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.24B | $3.87B | $3.50B | $2.69B | $2.21B | $2.04B | $1.81B | $1.45B | $1.27B | $1.15B |
| Cost of Revenue | $2.30B | $2.13B | $1.89B | $1.35B | $1.20B | $1.14B | $1.04B | $815.95M | $723.86M | $662.70M |
| Gross Profit | $1.94B | $1.74B | $1.61B | $1.34B | $1.01B | $898.34M | $762.37M | $632.03M | $544.59M | $483.38M |
| Gross Profit Ratio | 45.77% | 44.89% | 45.88% | 49.88% | 45.69% | 43.99% | 42.22% | 43.65% | 42.93% | 42.18% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $15.50M | $19.40M | $29.80M | $- |
| General and Administrative Expenses | $335.23M | $233.04M | $211.15M | $185.61M | $167.31M | $160.14M | $155.52M | $151.36M | $138.12M | $138.97M |
| Selling and Marketing Expenses | $- | $17.80M | $15.40M | $13.70M | $7.70M | $7.50M | $5.90M | $5.60M | $6.80M | $4.90M |
| Selling General and Administrative Expenses | $335.23M | $233.04M | $211.15M | $185.61M | $167.31M | $160.14M | $155.52M | $151.36M | $138.12M | $138.97M |
| Other Expenses | $- | $1.83M | $20.07M | $21.05M | $24.39M | $21.73M | $21.37M | $1.17M | $11.55M | $4.97M |
| Operating Expenses | $335.23M | $250.42M | $231.22M | $206.66M | $191.70M | $181.87M | $176.89M | $151.36M | $138.12M | $138.97M |
| Cost and Expenses | $2.66B | $2.38B | $2.13B | $1.56B | $1.39B | $1.33B | $1.22B | $967.32M | $861.98M | $801.68M |
| Interest Income | $- | $65.93M | $16.69M | $20.25M | $1.36M | $2.23M | $1.29M | $1.41M | $1.45M | $817.00K |
| Interest Expense | $- | $65.93M | $16.69M | $20.25M | $18.87M | $17.59M | $19.07M | $23.78M | $23.61M | $18.12M |
| Depreciation and Amortization | $189.76M | $159.48M | $137.99M | $121.97M | $101.39M | $84.89M | $78.60M | $57.00M | $48.58M | $54.68M |
| EBITDA | $1.76B | $1.49B | $1.37B | $1.14B | $922.46M | $809.66M | $661.48M | $520.88M | $468.55M | $399.08M |
| EBITDA Ratio | 41.59% | 38.42% | 39.28% | 42.21% | 41.82% | 39.65% | 36.63% | 35.97% | 36.94% | 34.82% |
| Operating Income | $1.57B | $1.49B | $1.37B | $1.14B | $816.10M | $716.48M | $584.35M | $461.30M | $406.47M | $344.40M |
| Operating Income Ratio | 37.10% | 38.42% | 39.28% | 42.21% | 37.00% | 35.09% | 32.36% | 31.86% | 32.04% | 30.05% |
| Total Other Income Expenses Net | $142.58M | $67.76M | $-34.04M | $-14.58M | $-15.26M | $-11.52M | $-21.83M | $-21.20M | $-10.61M | $-12.33M |
| Income Before Tax | $1.71B | $1.55B | $1.34B | $1.12B | $800.84M | $704.95M | $562.51M | $440.10M | $395.87M | $332.07M |
| Income Before Tax Ratio | 40.47% | 40.17% | 38.30% | 41.67% | 36.31% | 34.52% | 31.15% | 30.39% | 31.21% | 28.97% |
| Income Tax Expense | $352.25M | $316.59M | $250.82M | $185.35M | $100.93M | $113.26M | $144.50M | $45.84M | $125.50M | $112.29M |
| Net Income | $1.36B | $1.24B | $1.09B | $936.50M | $699.91M | $591.69M | $417.87M | $394.23M | $270.36M | $219.78M |
| Net Income Ratio | 32.17% | 31.99% | 31.14% | 34.78% | 31.73% | 28.98% | 23.14% | 27.23% | 21.31% | 19.18% |
| EPS | $1.42 | $1.30 | $1.15 | $0.99 | $0.75 | $0.64 | $0.45 | $0.43 | $0.30 | $0.22 |
| EPS Diluted | $1.40 | $1.28 | $1.13 | $0.97 | $0.73 | $0.62 | $0.43 | $0.42 | $0.28 | $0.21 |
| Weighted Average Shares Outstanding | 960.74M | 953.57M | 949.68M | 945.01M | 932.81M | 921.96M | 927.17M | 914.74M | 915.38M | 1.01B |
| Weighted Average Shares Outstanding Diluted | 974.80M | 966.65M | 964.60M | 961.16M | 954.62M | 961.81M | 967.51M | 948.08M | 977.18M | 1.05B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | July 31, 2024 | July 31, 2023 | July 31, 2022 | July 31, 2021 | July 31, 2020 | July 31, 2019 | July 31, 2018 | July 31, 2017 | July 31, 2016 | July 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.51B | $957.39M | $1.38B | $1.05B | $477.72M | $186.32M | $274.52M | $210.10M | $155.85M | $456.01M |
| Short Term Investments | $1.91B | $1.41B | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $3.42B | $2.36B | $1.38B | $1.05B | $477.72M | $186.32M | $274.52M | $210.10M | $155.85M | $456.01M |
| Net Receivables | $785.88M | $708.61M | $628.46M | $500.64M | $376.95M | $386.79M | $366.91M | $318.26M | $285.02M | $221.79M |
| Inventory | $43.64M | $39.97M | $58.79M | $44.97M | $20.08M | $20.94M | $16.73M | $10.16M | $10.39M | $8.61M |
| Other Current Assets | $166.51M | $150.03M | $130.97M | $108.74M | $89.01M | $93.12M | $50.95M | $48.73M | $48.05M | $48.17M |
| Total Current Assets | $4.42B | $3.26B | $2.20B | $1.70B | $963.76M | $687.17M | $709.12M | $587.26M | $499.31M | $734.58M |
| Property Plant Equipment Net | $3.29B | $2.95B | $2.60B | $2.42B | $2.06B | $1.43B | $1.16B | $944.06M | $816.79M | $700.40M |
| Goodwill | $513.91M | $394.29M | $401.95M | $355.72M | $343.62M | $333.32M | $337.24M | $340.24M | $260.20M | $271.85M |
| Intangible Assets | $74.09M | $62.70M | $54.68M | $45.87M | $47.77M | $55.16M | $64.89M | $75.94M | $11.76M | $17.86M |
| Goodwill and Intangible Assets | $588.00M | $456.99M | $456.63M | $401.59M | $391.39M | $388.48M | $402.13M | $416.18M | $271.96M | $289.71M |
| Long Term Investments | $- | $-89.49M | $- | $-63.97M | $-213.00K | $- | $- | $- | $- | $- |
| Tax Assets | $- | $89.49M | $- | $63.97M | $213.00K | $411.00K | $470.00K | $1.29M | $23.51M | $28.84M |
| Other Non-Current Assets | $129.44M | $65.81M | $47.71M | $41.83M | $39.93M | $43.84M | $32.56M | $33.72M | $38.26M | $46.42M |
| Total Non-Current Assets | $4.01B | $3.48B | $3.11B | $2.86B | $2.49B | $1.86B | $1.60B | $1.40B | $1.15B | $1.07B |
| Other Assets | $-1 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $8.43B | $6.74B | $5.31B | $4.56B | $3.46B | $2.55B | $2.31B | $1.98B | $1.65B | $1.80B |
| Account Payables | $193.33M | $180.02M | $187.17M | $163.24M | $132.92M | $113.95M | $133.72M | $71.16M | $76.95M | $57.52M |
| Short Term Debt | $42.61M | $42.94M | $43.59M | $44.94M | $51.14M | $2.28M | $-36.41M | $26.68M | $34.61M | $23.25M |
| Tax Payables | $60.99M | $3.86M | $6.91M | $18.71M | $20.75M | $3.48M | $673.00K | $6.47M | $5.62M | $8.28M |
| Deferred Revenue | $28.12M | $164.59M | $141.99M | $126.34M | $97.25M | $6.47M | $4.49M | $5.02M | $4.63M | $3.72M |
| Other Current Liabilities | $303.51M | $239.84M | $183.16M | $173.16M | $143.00M | $155.83M | $137.23M | $137.35M | $115.43M | $89.94M |
| Total Current Liabilities | $628.57M | $492.77M | $440.89M | $421.03M | $356.04M | $282.00M | $277.26M | $302.15M | $278.78M | $213.13M |
| Long Term Debt | $97.43M | $98.98M | $97.68M | $495.60M | $492.62M | $400.09M | $398.76M | $551.79M | $564.34M | $592.13M |
| Deferred Revenue Non-Current | $- | $- | $80.06M | $- | $44.53M | $35.12M | $27.28M | $24.57M | $25.64M | $21.16M |
| Deferred Tax Liabilities Non-Current | $93.65M | $89.49M | $80.06M | $63.97M | $71.69M | $48.68M | $19.73M | $3.19M | $3.82M | $5.32M |
| Other Non-Current Liabilities | $59.56M | $69.19M | $64.64M | $52.34M | $45.40M | $38.46M | $30.85M | $26.76M | $28.42M | $24.91M |
| Total Non-Current Liabilities | $250.64M | $257.67M | $242.38M | $611.91M | $609.70M | $487.23M | $449.34M | $581.75M | $596.58M | $622.36M |
| Other Liabilities | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $879.21M | $750.44M | $683.26M | $1.03B | $965.75M | $769.24M | $726.60M | $883.90M | $875.36M | $835.49M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $96.00K | $96.00K | $96.00K | $24.00K | $24.00K | $23.00K | $23.00K | $23.00K | $11.00K | $12.00K |
| Retained Earnings | $6.55B | $5.19B | $3.96B | $2.87B | $1.94B | $1.34B | $1.16B | $745.37M | $491.19M | $625.44M |
| Accumulated Other Comprehensive Income Loss | $-142.97M | $-141.01M | $-169.37M | $-100.86M | $-121.09M | $-132.53M | $-107.93M | $-100.68M | $-109.19M | $-68.79M |
| Other Total Stockholders Equity | $1.12B | $938.91M | $838.46M | $761.83M | $672.73M | $572.56M | $526.86M | $453.35M | $392.44M | $407.81M |
| Total Stockholders Equity | $7.52B | $5.99B | $4.63B | $3.53B | $2.49B | $1.78B | $1.58B | $1.10B | $774.46M | $964.46M |
| Total Equity | $7.55B | $5.99B | $4.63B | $3.53B | $2.49B | $1.78B | $1.58B | $1.10B | $774.46M | $964.46M |
| Total Liabilities and Stockholders Equity | $8.43B | $6.74B | $5.31B | $4.56B | $3.46B | $2.55B | $2.31B | $1.98B | $1.65B | $1.80B |
| Minority Interest | $24.54M | $- | $- | $- | $- | $- | $- | $534.00K | $- | $- |
| Total Liabilities and Total Equity | $8.43B | $6.74B | $5.31B | $4.56B | $3.46B | $2.55B | $2.31B | $1.98B | $1.65B | $1.80B |
| Total Investments | $1.91B | $1.41B | $- | $-63.97M | $-213.00K | $- | $- | $- | $- | $- |
| Total Debt | $118.73M | $120.45M | $119.47M | $518.07M | $518.19M | $401.23M | $399.90M | $633.04M | $640.49M | $645.81M |
| Net Debt | $-1.40B | $-836.94M | $-1.26B | $-530.19M | $40.47M | $214.91M | $125.38M | $422.94M | $484.64M | $189.79M |
Cash Flow Statement
| Breakdown | July 31, 2024 | July 31, 2023 | July 31, 2022 | July 31, 2021 | July 31, 2020 | July 31, 2019 | July 31, 2018 | July 31, 2017 | July 31, 2016 | July 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.36B | $1.24B | $1.09B | $936.50M | $699.91M | $591.69M | $418.01M | $394.26M | $270.36M | $219.78M |
| Depreciation and Amortization | $190.26M | $159.68M | $138.60M | $123.08M | $104.26M | $85.33M | $79.04M | $57.44M | $49.64M | $48.89M |
| Deferred Income Tax | $-847.00K | $9.95M | $17.02M | $-7.95M | $23.08M | $23.17M | $16.72M | $19.90M | $5.74M | $4.37M |
| Stock Based Compensation | $35.23M | $39.67M | $38.97M | $40.92M | $23.32M | $23.45M | $23.22M | $20.84M | $20.86M | $18.15M |
| Change in Working Capital | $-114.14M | $-88.28M | $-125.49M | $-95.82M | $66.16M | $-73.91M | $-8.21M | $-20.79M | $-16.12M | $-21.65M |
| Accounts Receivables | $-145.38M | $-123.21M | $-97.75M | $-127.51M | $15.99M | $-60.81M | $-40.34M | $-38.54M | $-54.21M | $-20.42M |
| Inventory | $-3.70M | $26.55M | $-10.85M | $-24.60M | $1.35M | $-4.72M | $-3.96M | $1.29M | $-2.51M | $-1.73M |
| Accounts Payables | $59.53M | $18.01M | $36.31M | $44.61M | $41.65M | $11.13M | $53.32M | $4.27M | $48.35M | $-3.93M |
| Other Working Capital | $-24.58M | $-9.63M | $-53.19M | $11.68M | $7.17M | $-19.51M | $-17.23M | $12.19M | $-7.75M | $4.42M |
| Other Non Cash Items | $-289.00K | $5.45M | $17.45M | $-5.84M | $1.16M | $-3.08M | $6.29M | $20.41M | $2.02M | $-4.47M |
| Net Cash Provided by Operating Activities | $1.47B | $1.36B | $1.18B | $990.89M | $917.88M | $646.65M | $535.07M | $492.06M | $332.50M | $265.08M |
| Investments in Property Plant and Equipment | $-510.99M | $-516.64M | $-337.45M | $-463.00M | $-603.67M | $-374.63M | $-296.70M | $-172.18M | $-173.92M | $-79.15M |
| Acquisitions Net | $- | $-2.74M | $-109.19M | $-5.00M | $-11.70M | $-745.00K | $1.80M | $-164.38M | $562.00K | $-4.50M |
| Purchases of Investments | $-4.09B | $-1.41B | $-374.87M | $- | $- | $- | $- | $-3.57M | $-21.12M | $- |
| Sales Maturities of Investments | $3.65B | $2.74M | $374.87M | $- | $- | $- | $- | $- | $21.50M | $- |
| Other Investing Activities | $13.07M | $31.18M | $4.33M | $2.53M | $14.17M | $19.11M | $6.42M | $765.00K | $100.00K | $1.74M |
| Net Cash Used for Investing Activities | $-940.08M | $-1.89B | $-442.31M | $-465.47M | $-601.21M | $-356.27M | $-288.48M | $-335.79M | $-172.88M | $-81.92M |
| Debt Repayment | $-10.84M | $10.55M | $-417.29M | $-1.12M | $-1.06M | $- | $-231.00M | $-7.00M | $-6.03M | $348.94M |
| Common Stock Issued | $36.67M | $11.10M | $28.11M | $9.14M | $8.28M | $- | $5.85M | $4.27M | $16.61M | $3.08M |
| Common Stock Repurchased | $-6.56M | $-4.71M | $-1.93M | $-6.14M | $-103.45M | $-365.00M | $-1.11M | $-135.43M | $-457.89M | $-237.31M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $30.11M | $56.07M | $34.60M | $42.04M | $77.10M | $-5.31M | $-1.35M | $-99.97M | $15.43M | $4.91M |
| Net Cash Used Provided by Financing Activities | $19.27M | $66.61M | $-382.69M | $40.92M | $-27.41M | $-370.30M | $-182.04M | $-106.97M | $-448.50M | $120.36M |
| Effect of Forex Changes on Cash | $4.96M | $34.38M | $-15.70M | $4.20M | $2.14M | $-8.28M | $-135.00K | $4.96M | $-11.29M | $-6.18M |
| Net Change in Cash | $556.72M | $-426.84M | $335.98M | $570.54M | $291.40M | $-88.20M | $64.42M | $54.25M | $-300.16M | $297.34M |
| Cash at End of Period | $1.51B | $957.39M | $1.38B | $1.05B | $477.72M | $186.32M | $274.52M | $210.10M | $155.85M | $456.01M |
| Cash at Beginning of Period | $957.39M | $1.38B | $1.05B | $477.72M | $186.32M | $274.52M | $210.10M | $155.85M | $456.01M | $158.67M |
| Operating Cash Flow | $1.47B | $1.36B | $1.18B | $990.89M | $917.88M | $646.65M | $535.07M | $492.06M | $332.50M | $265.08M |
| Capital Expenditure | $-510.99M | $-516.64M | $-337.45M | $-463.00M | $-603.67M | $-374.63M | $-296.70M | $-172.18M | $-173.92M | $-79.15M |
| Free Cash Flow | $961.57M | $847.57M | $839.24M | $527.89M | $314.21M | $272.02M | $238.37M | $319.88M | $158.58M | $185.92M |