COPART INC
For the period ended Oct 31, 2025. Filed Nov 24, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2025 · Filed Nov 24, 2025
CPRT$32.30-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| Three Months Ended October 31, | |||
|---|---|---|---|
| (In thousands) · 2025 · 2024 | |||
| Cash flows from operating activities: | |||
| Net income | $402,210 | $361,176 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization, including debt cost | 54,199 | 54,862 | |
| Allowance for credit losses | 1,977 | 1,094 | |
| Equity in (earnings) losses of unconsolidated affiliates | (47) | (20) | |
| Stock-based compensation | 9,319 | 10,415 | |
| Gain on sale of property and equipment | (1,128) | (133) | |
| Deferred income taxes | 5,290 | 1,740 | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (25,168) | (49,093) | |
| Vehicle pooling costs | (1,955) | (15,218) | |
| Inventories | (655) | (8,652) | |
| Prepaid expenses, other current and non-current assets | 7,891 | 59,026 | |
| Operating lease right-of-use assets and lease liabilities | 290 | 883 | |
| Accounts payable and accrued liabilities | 21,474 | 59,826 | |
| Deferred revenue | 56 | (2,564) | |
| Income taxes receivable | - | 1 | |
| Income taxes payable | 61,500 | 8,931 | |
| Net cash provided by operating activities | 535,253 | 482,274 | |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (108,042) | (236,758) | |
| Assets and liabilities acquired in connection with acquisition | (4,699) | (1,257) | |
| Proceeds from sale of property and equipment | 7,932 | 243 | |
| Proceeds from held to maturity securities | 2,025,000 | 1,940,000 | |
| Investment in unconsolidated affiliate | (3,885) | - | |
| Net cash provided by investing activities | 1,916,306 | 1,702,228 | |
| Cash flows from financing activities: | |||
| Proceeds from the exercise of stock options | 1,785 | 2,857 | |
| Payments for employee stock-based tax withholdings | (1,330) | (720) | |
| Payments of finance lease obligations | (5) | - | |
| Net cash provided by financing activities | 450 | 2,137 | |
| Effect of foreign currency translation | 1,050 | (2,632) | |
| Net increase in cash, cash equivalents, and restricted cash | 2,453,059 | 2,184,007 | |
| Cash, cash equivalents, and restricted cash at beginning of period | 2,780,531 | 1,514,111 | |
| Cash, cash equivalents, and restricted cash at end of period | $5,233,590 | $3,698,118 | |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | $641 | $10 | |
| Income taxes paid, net of refunds | $20,055 | $80,826 | |
| Purchase of property and equipment through settlement of deposit | $2,035 | $ | - |
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