LKQ Corporation Announces Results for Fourth Quarter and Full Year 2012

LKQ Corporation Announces Results for Fourth Quarter and Full Year 2012

  *Annual revenue growth of 26% to a record $4.1 billion
  *2012 diluted EPS increases 22.5%
  *Organic revenue growth for parts and services of 6.0%
  *Completed 30 acquisitions in 2012
  *Provides 2013 guidance

CHICAGO, Feb. 28, 2013 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today
announced results for its fourth quarter and full year ended December 31,
2012. Net income for the fourth quarter was $62.2 million and diluted earnings
per share was $0.21, a 10.5% increase over the $0.19 reported for the fourth
quarter in 2011. For the full year 2012, net income was $261.2 million and
diluted earnings per share was $0.87, a 22.5% increase over the $0.71 reported
for 2011. The Company noted that both full year 2012 and 2011 diluted earnings
per share included a loss equal to $0.01 per share resulting from
restructuring and acquisition related expenses and the change in fair value of
contingent consideration liabilities. Additionally, full year 2012 diluted
earnings per share included a $0.04 per share gain from the settlement of a
previously disclosed lawsuit, and the 2011 results included a charge of $0.01
per share as a result of a loss on debt extinguishment.

"I am pleased with our 2012 results. Our Company was able to deliver solid
growth across many financial performance metrics despite the multiple
challenges we faced throughout the year. In 2012, the Company surpassed $4
billion in revenue for the first time and achieved 22.5% diluted EPS growth,"
stated Robert Wagman, President and Chief Executive Officer of LKQ
Corporation.

Mr. Wagman added, "In 2012, we completed a record 30 acquisitions in North
America. This milestone is a testament to our strength in identifying and
integrating businesses that allow us to expand our geographic footprint and
broaden our product offerings to continue our growth."

Fourth Quarter 2012 Reported Results

For the fourth quarter of 2012, revenue was $1.07 billion compared with $939.6
million for the fourth quarter of 2011, an increase of 13.7%. Net income for
the fourth quarter was $62.2 million compared with $56.1 million in the prior
year, an increase of 10.8%. For the fourth quarter, total organic revenue
growth was 7.4%, and parts and services revenue grew organically by 8.2%.
Acquisition revenue growth for the fourth quarter was 5.9%.

Full Year 2012 Reported Results

For the full year of 2012, revenue was $4.12 billion compared with $3.27
billion in 2011, an increase of 26.1%. Net income for the full year was $261.2
million compared with $210.3 million for the prior year, an increase of 24.2%.
For the full year of 2012, total organic revenue growth was 4.1%, and parts
and services revenue grew organically by 6.0%. Acquisition revenue growth for
2012 was 21.9%.

Balance Sheet and Liquidity

As of December 31, 2012, LKQ's balance sheet reflected cash and equivalents of
$59.8 million, and obligations outstanding under the Company's credit
facilities were $974.6 million ($420.6 million of term loans and $554.0
million of revolver borrowings). Total availability under the credit agreement
at December 31, 2012 was $356.1 million.

Other Events

During the fourth quarter of 2012, LKQ acquired an aftermarket parts
distribution business with twelve locations in seven Canadian provinces; an
aftermarket parts distribution business with three locations in Quebec,
Canada; two self service businesses in Florida; an aftermarket parts
distribution business in West Virginia; three paint distribution businesses
with locations in Nebraska and Ohio; a bumper and fender distributor in
Ontario, Canada; three wholesale salvage businesses with locations in
Virginia, Minnesota, and South Carolina; two heavy duty truck aftermarket
cooling and radiator businesses with two locations in Michigan and locations
in Florida, Georgia and Missouri; two heavy duty truck salvage businesses with
locations in Florida and Georgia; and a self service business with an adjacent
auto shredder in Florida.

During the fourth quarter, LKQ's European operations opened ten Euro Car Parts
branches. As of December 31, 2012, the Company operated from 130 Euro Car
Parts branches in the United Kingdom.

On January 2, 2013, Guhan Subramanian was elected to LKQ's Board of Directors.

Company Outlook

                                           
                                           2013 Guidance
Organic revenue growth for parts & services 5.5% to 7.5%
Net income                                  $305 million to $330 million
Diluted EPS                                 $1.00 to $1.09
Cash flow from operations                   Approximately $300 million
Capital expenditures                        $100 million to $115 million

Guidance for 2013 is based on current conditions and excludes the impact of
restructuring and acquisition related expenses and gains or losses (including
changes in fair value of contingent consideration liabilities) and capital
spending related to acquisitions or divestitures. Organic revenue guidance
refers only to parts and services revenue.

On August 17, 2012, the Company announced a two-for-one split of the Company's
common stock. The common stock began trading on a split-adjusted basis on
September 19, 2012. All per share information in this release is presented on
a split-adjusted basis.

Quarterly Conference Call

LKQ will host a conference call and Webcast on February 28, 2013 at 10:00 a.m.
Eastern Time (9:00 a.m. Central Time) with members of senior management to
discuss the Company's results.

To access the investor conference call, please dial (877) 407-0668.
International access to the call may be obtained by dialing (201) 689-8558.
The audio webcast can be accessed via the Company's website at www.lkqcorp.com
in the Investor Relations section.

A replay of the conference call will be available by telephone at (877)
660-6853 or (201) 612-7415 for international calls. The telephone replay will
require you to enter conference ID: 408006 #. An online replay of the audio
webcast will be available on the Company's website. Both formats of replay
will be available through March 22, 2013. Please allow approximately two hours
after the live presentation before attempting to access the replay.

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of aftermarket, recycled,
and refurbished collision replacement parts, and a leading provider of
mechanical replacement parts including remanufactured engines, all in
connection with the repair of automobiles and other vehicles. LKQ also has
operations in the United Kingdom, Canada, Mexico and Central America. LKQ
operates more than 500 facilities, offering its customers a broad range of
replacement systems, components and parts to repair automobiles and light,
medium and heavy-duty trucks.

The LKQ Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13317

Forward Looking Statements

The statements in this press release that are not historical in nature are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These include statements regarding our
expectations, beliefs, hopes, intentions or strategies. Forward-looking
statements involve risks and uncertainties, some of which are not currently
known to us. Actual events or results may differ materially from those
expressed or implied in the forward looking statements as a result of various
factors.

These factors include:

  *uncertainty as to changes in North American and European general economic
    activity and the impact of these changes on the demand for our products
    and our ability to obtain financing for operations;
  *fluctuations in the pricing of new original equipment manufacturer ("OEM")
    replacement products;
  *the availability and cost of our inventory;
  *variations in the number of vehicles sold, vehicle accident rates, miles
    driven and the age profile of vehicles in accidents;
  *changes in state or federal laws or regulations affecting our business;
  *changes in the types of replacement parts that insurance carriers will
    accept in the repair process;
  *inaccuracies in the data relating to industry size published by
    independent sources upon which we rely;
  *changes in the level of acceptance and promotion of alternative automotive
    parts by insurance companies and auto repairers;
  *changes in the demand for our products and the supply of our inventory due
    to severity of weather and seasonality of weather patterns;
  *increasing competition in the automotive parts industry;
  *uncertainty as to the impact on our industry of any terrorist attacks or
    responses to terrorist attacks;
  *our ability to operate within the limitations imposed by financing
    agreements;
  *our ability to obtain financing on acceptable terms to finance our growth;
  *declines in the values of our assets;
  *fluctuations in fuel and other commodity prices;
  *fluctuations in the prices of scrap metal and other metals;
  *our ability to develop and implement the operational and financial systems
    needed to manage our operations;
  *our ability to identify sufficient acquisition candidates at reasonable
    prices to maintain our growth objectives;
  *our ability to integrate and successfully operate acquired companies and
    any companies acquired in the future and the risks associated with these
    companies;
  *claims by OEMs or others that attempt to restrict or eliminate the sale of
    alternative automotive products;
  *termination of business relationships with insurance companies that
    promote the use of our products;
  *product liability claims by the end users of our products or claims by
    other parties who we have promised to indemnify for product liability
    matters;
  *currency fluctuations in the U.S. dollar versus other currencies and
    currency fluctuations in the pound sterling versus other currencies;
  *periodic adjustments to estimated contingent purchase price amounts;
  *instability in regions in which we operate, such as Mexico, that can
    affect our supply of certain products;
  *interruptions, outages or breaches of our operational systems, security
    systems, or infrastructure as a result of attacks on, or malfunctions of,
    our systems; and
  *other risks that are described in our Form 10-K filed February 27, 2012
    and in other reports filed by us from time to time with the Securities and
    Exchange Commission.

You should not place undue reliance on these forward-looking statements. All
of these forward-looking statements are based on our expectations as of the
date of this press release. We undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.

LKQ CORPORATION AND SUBSIDIARIES
Unaudited Consolidated Condensed Statements of Income
( In thousands, except per share data )
                                                             
                                                             
                      Three Months Ended          Year Ended
                      December 31,                December 31,
                      2012           2011         2012          2011
Revenue                $1,067,915   $939,632   $ 4,122,930  $ 3,269,862
Cost of goods sold     622,794       547,843     2,398,790    1,877,869
^(1)
Gross margin           445,121       391,789     1,724,140    1,391,993
Facility and warehouse 93,878        82,239      347,917      293,423
expenses
Distribution expenses  98,444        84,326      375,835      287,626
Selling, general and
administrative         131,130       117,800     495,591      391,942
expenses
Restructuring and
acquisition related    193           2,257       2,751        7,590
expenses
Depreciation and       17,132        15,029      64,093       49,929
amortization
Operating income       104,344       90,138      437,953      361,483
Other expense                                                 
(income):
Interest expense       8,611         7,156       31,429       24,307
Loss on debt           --           --         --          5,345
extinguishment
Change in fair value
of contingent          (144)         207         1,643        (1,408)
consideration
liabilities
Interest and other     (742)         (1,443)     (4,286)      (2,532)
income, net
Total other expense,   7,725         5,920       28,786       25,712
net
Income before
provision for income   96,619        84,218      409,167      335,771
taxes
Provision for income   34,431        28,073      147,942      125,507
taxes
Net income             $62,188      $56,145    $261,225    $210,264
                                                             
Earnings per share:                                           
Basic                  $0.21        $0.19      $0.88       $0.72
Diluted                $0.21        $0.19      $0.87       $0.71
                                                             
Weighted average
common shares                                                 
outstanding:
Basic                  297,213       293,278     295,810      292,252
Diluted                302,075       298,068     300,693      296,750
                                                             
^(1) Cost of goods sold for the three months and year ended December 31, 2012
includes gains of $0.7 million and $17.9 million, respectively, resulting from
certain settlements of a class action lawsuit against several of our
suppliers.
                                                             

LKQ CORPORATION AND SUBSIDIARIES
Unaudited Consolidated Condensed Balance Sheets
( In thousands, except share and per share data )
                                                                
                                                                
                                                    December 31, December 31,
                                                    2012         2011
Assets                                                          
Current Assets:                                                  
Cash and equivalents                                 $59,770    $48,247
Receivables, net                                     311,808     281,764
Inventory                                            900,803     736,846
Deferred income taxes                                53,485      45,690
Prepaid income taxes                                 29,537      17,597
Prepaid expenses and other current assets            28,948      19,591
Total Current Assets                                 1,384,351   1,149,735
                                                                
Property and Equipment, net                          494,379     424,098
Intangibles                                          1,796,999   1,584,973
Other Assets                                         47,727      40,898
Total Assets                                         $3,723,456 $3,199,704
                                                                
Liabilities and Stockholders' Equity                             
                                                                
Current Liabilities:                                             
Accounts payable                                     $219,335   $210,875
Accrued expenses                                     134,822     131,025
Income taxes payable                                 2,748       7,262
Contingent consideration liabilities                 42,255      600
Other current liabilities                            17,068      18,407
Current portion of long-term obligations            71,716      29,524
Total Current Liabilities                           487,944     397,693
                                                                
Long-Term Obligations, Excluding Current Portion     1,046,762   926,552
Deferred Income Taxes                                102,275     88,796
Contingent Consideration Liabilities                 47,754      81,782
Other Noncurrent Liabilities                         74,627      60,796
                                                                
Commitments and Contingencies                                    
                                                                
Stockholders' Equity:                                            
Common stock, $0.01 par value, 500,000,000
sharesauthorized, 297,810,896and 293,897,216       2,978       2,939
sharesissued and outstanding at December 31, 2012
and2011, respectively
Additional paid-in capital                           950,338     901,313
Retained earnings                                    1,010,019   748,794
Accumulated other comprehensive income (loss)        759         (8,961)
Total Stockholders' Equity                          1,964,094   1,644,085
Total Liabilities and Stockholders' Equity          $3,723,456 $3,199,704
                                                                

LKQ CORPORATION AND SUBSIDIARIES
Unaudited Consolidated Condensed Statements of Cash Flows
( In thousands )
                                                        
                                                        Year Ended
                                                        December 31,
                                                        2012       2011
CASH FLOWS FROM OPERATING ACTIVITIES:                              
Net income                                               $ 261,225 $ 210,264
Adjustments to reconcile net income to net cash provided           
by operating activities:
Depreciation and amortization                            70,165    54,505
Stock-based compensation expense                         15,634    13,107
Deferred income taxes                                    4,222     9,302
Excess tax benefit from stock-based payments             (15,737)  (7,973)
Other                                                    4,515     6,556
Changes in operating assets and liabilities, net of                
effects from acquisitions:
Receivables                                             (12,813)  (18,074)
Inventory                                               (95,042)  (90,091)
Prepaid income taxes/income taxes payable               (774)     2,251
Accounts payable                                        (15,097)  28,589
Other operating assets and liabilities                  (10,108)  3,336
Net cash provided by operating activities               206,190   211,772
                                                                  
CASH FLOWS FROM INVESTING ACTIVITIES:                              
Purchases of property and equipment                      (88,255)  (86,416)
Proceeds from sales of property and equipment            1,057     1,743
Cash used in acquisitions, net of cash acquired          (265,336) (486,934)
Net cash used in investing activities                    (352,534) (571,607)
                                                                  
CASH FLOWS FROM FINANCING ACTIVITIES:                              
Proceeds from exercise of stock options                  17,693    11,919
Excess tax benefit from stock-based payments             15,737    7,973
Debt issuance costs                                      (253)     (11,048)
Net borrowings of long-term obligations                  123,895   302,567
Net cash provided by financing activities                157,072   311,411
                                                                  
Effect of exchange rate changes on cash and equivalents  795       982
Net increase (decrease) in cash and equivalents          11,523    (47,442)
Cash and equivalents, beginning of period                48,247    95,689
Cash and equivalents, end of period                      $59,770  $48,247
                                                                  

LKQ CORPORATION AND SUBSIDIARIES
Unaudited Supplementary Data
( In thousands, except per share data )
                                                                 
                Three Months Ended December 31,
Operating        2012                   2011                          
Highlights
                             % of                % of    Change     %
                               Revenue              Revenue            Change
Revenue          $1,067,915  100.0%   $939,632  100.0%  $128,283 13.7%
Cost of goods    622,794      58.3%    547,843    58.3%   74,951    13.7%
sold ^(1)
Gross margin     445,121      41.7%    391,789    41.7%   53,332    13.6%
Facility and
warehouse        93,878       8.8%     82,239     8.8%    11,639    14.2%
expenses
Distribution     98,444       9.2%     84,326     9.0%    14,118    16.7%
expenses
Selling, general
and              131,130      12.3%    117,800    12.5%   13,330    11.3%
administrative
expenses
Restructuring
and acquisition  193          0.0%     2,257      0.2%    (2,064)   -91.4%
related expenses
Depreciation and 17,132       1.6%     15,029     1.6%    2,103     14.0%
amortization
Operating income 104,344      9.8%     90,138     9.6%    14,206    15.8%
Other expense                                                     
(income):
Interest expense 8,611        0.8%     7,156      0.8%    1,455     20.3%
Change in fair
value of
contingent       (144)        0.0%     207        0.0%    (351)     n/m
consideration
liabilities
Interest and
other income,    (742)        -0.1%    (1,443)    -0.2%   701       48.6%
net
Total other      7,725        0.7%     5,920      0.6%    1,805     30.5%
expense, net
                                                                 
Income before
provision for    96,619       9.0%     84,218     9.0%    12,401    14.7%
income taxes
Provision for    34,431       3.2%     28,073     3.0%    6,358     22.6%
income taxes
                                                                 
Net income       $62,188     5.8%     $56,145   6.0%    $6,043   10.8%
                                                                 
Earnings per                                                      
share:
Basic            $0.21               $0.19            $0.02    10.5%
Diluted          $0.21               $0.19            $0.02    10.5%
                                                                 
Weighted average
common shares                                                     
outstanding:
Basic            297,213              293,278           3,935     1.3%
Diluted          302,075              298,068           4,007     1.3%
                                                                 
^(1) Cost of goods sold for the three months ended December 31, 2012
includes a gain of $0.7 million resulting from a settlement of a class 
action lawsuit against several of our suppliers.
                                                                 

LKQ CORPORATION AND SUBSIDIARIES
Unaudited Supplementary Data
( In thousands, except per share data )
                                                                  
                                                                  
                Year Ended December 31,
Operating        2012                   2011                           
Highlights
                             % of                % of    Change     %
                               Revenue               Revenue            Change
Revenue          $4,122,930  100.0%   $3,269,862 100.0%  $853,068 26.1%
Cost of goods    2,398,790    58.2%    1,877,869   57.4%   520,921   27.7%
sold ^(1)
Gross margin     1,724,140    41.8%    1,391,993   42.6%   332,147   23.9%
Facility and
warehouse        347,917      8.4%     293,423     9.0%    54,494    18.6%
expenses
Distribution     375,835      9.1%     287,626     8.8%    88,209    30.7%
expenses
Selling, general
and              495,591      12.0%    391,942     12.0%   103,649   26.4%
administrative
expenses
Restructuring
and acquisition  2,751        0.1%     7,590       0.2%    (4,839)   -63.8%
related expenses
Depreciation and 64,093       1.6%     49,929      1.5%    14,164    28.4%
amortization
Operating income 437,953      10.6%    361,483     11.1%   76,470    21.2%
Other expense                                                      
(income):
Interest expense 31,429       0.8%     24,307      0.7%    7,122     29.3%
Loss on debt     --          0.0%     5,345       0.2%    (5,345)   n/m
extinguishment
Change in fair
value of
contingent       1,643        0.0%     (1,408)     0.0%    3,051     n/m
consideration
liabilities
Interest and
other income,    (4,286)      -0.1%    (2,532)     -0.1%   (1,754)   69.3%
net
Total other      28,786       0.7%     25,712      0.8%    3,074     12.0%
expense, net
                                                                  
Income before
provision for    409,167      9.9%     335,771     10.3%   73,396    21.9%
income taxes
Provision for    147,942      3.6%     125,507     3.8%    22,435    17.9%
income taxes
                                                                  
Net income       $261,225    6.3%     $210,264   6.4%    $50,961  24.2%
                                                                  
Earnings per                                                       
share:
Basic            $0.88               $0.72             $0.16    22.2%
Diluted          $0.87               $0.71             $0.16    22.5%
                                                                  
Weighted average
common shares                                                      
outstanding:
Basic            295,810              292,252            3,558     1.2%
Diluted          300,693              296,750            3,943     1.3%
                                                                  
^(1) Cost of goods sold for the year ended December 31, 2012 includes a
gain of $17.9 million resulting from certain settlements of a class     
action lawsuit against several of our suppliers.

The following unaudited table reconciles net income to EBITDA:
                                                              
                          Three Months Ended        Year Ended
                          December 31,              December 31,
                          2012         2011         2012         2011
                          (In thousands)
                                                              
Net income                 $62,188    $56,145    $ 261,225   $ 210,264
Depreciation and           18,591      16,197       70,165      54,505
amortization
Interest expense, net      8,528       6,520       31,215      22,447
Loss on debt               --         --         --         5,345
extinguishment ^(1)
Provision for income       34,431      28,073      147,942     125,507
taxes
                                                              
Earnings before interest,
taxes, depreciationand    $ 123,738   $ 106,935   $ 510,547   $ 418,068
amortization (EBITDA)
                                                              
EBITDA as a percentage of 11.6%        11.4%        12.4%        12.8%
revenue
                                                              
                                                              
^(1) Loss on debt extinguishment is considered a component of interest in
calculating EBITDA, as the write-off of debt issuance costs is similar to the
treatment of debt issuance cost amortization.
                                                              
We provide a reconciliation of Net Income to EBITDA as we believe it offers
investors, securities analysts and other interested parties useful information
regarding our results of operations because it assists in analyzing our
performance and the value of our business. EBITDA provides insight into our
profitability trends, and allows management and investors to analyze our
operating results with and without the impact of depreciation,
amortization,interest and income tax expense. We believe EBITDA is used by
securities analysts, investors, and other interested parties in evaluating
companies, many of which present EBITDA whenreporting their results.EBITDA
should not be construed as an alternative to operating income,net income or
net cash provided by (used in) operating activities, as determined in
accordance withaccounting principles generally accepted in the United States.
In addition, not all companies that report EBITDA information calculate EBITDA
in the same manner as we do and, accordingly, our calculation is not
necessarily comparable to similarly named measures of other companies and may
not be an appropriate measure for performance relative to other companies.
                                                              

The following unaudited tables compare certain revenue categories:
                                                                  
                                Three Months Ended                  
                                December 31,                        
                                2012         2011         Change     % Change
                                (In thousands)                      
                                                                  
Included in Unaudited                                              
Consolidated Condensed
Statements of Income of LKQ                                        
Corporation
                                                                  
Aftermarket, other new and       $610,847   $531,116   $79,731  15.0%
refurbished products
Recycled, remanufactured and     309,773     284,946     24,827    8.7%
related products and services
Parts and services               920,620     816,062     104,558   12.8%
Other                           147,295     123,570     23,725    19.2%
Total                            $1,067,915 $939,632   $128,283 13.7%
                                                                  
Revenue changes by category for the three months ended December 31, 2012 vs.
2011:
                                                                   
                                Revenue Change Attributable to:      
                                Acquisition  Organic      Foreign    % Change
                                                           Exchange
                                                                  
Aftermarket, other new and       3.5%         10.8%        0.7%       15.0%
refurbished products
Recycled, remanufactured and     5.3%         3.2%         0.2%       8.7%
related products and services
Parts and services               4.1%         8.2%         0.5%       12.8%
Other                           17.3%        1.9%         0.1%       19.2%
Total                            5.9%         7.4%         0.4%       13.7%
                                                                  
                                                                  
                                Year Ended                          
                                December 31,                        
                                2012         2011         Change     % Change
                                (In thousands)                      
                                                                  
Included in Unaudited Consolidated Condensed
Statements of Income of LKQ Corporation
                                                                  
Aftermarket, other new and       $2,286,853 $1,634,003 $652,850 40.0%
refurbished products
Recycled, remanufactured and     1,277,023   1,115,088   161,935   14.5%
related products and services
Parts and services               3,563,876   2,749,091    814,785    29.6%
Other                           559,054     520,771      38,283     7.4%
Total                            $4,122,930 $3,269,862 $853,068 26.1%
                                                                  
Revenue changes by category for the year ended December 31, 2012 vs. 2011:
                                                                   
                                Revenue Change Attributable to:      
                                Acquisition  Organic      Foreign    % Change
                                                           Exchange
                                                                  
Aftermarket, other new and       33.6%        6.2%         0.1%       40.0%
refurbished products
Recycled, remanufactured and     8.8%         5.8%         -0.1%      14.5%
related products and services
Parts and services               23.6%        6.0%         0.0%       29.6%
Other                           13.2%        -5.8%        0.0%       7.4%
Total                            21.9%        4.1%         0.0%       26.1%
                                                                  

The following unaudited table compares our revenue and EBITDA by reportable
segment:
                                                            
                                                            
                 Three Months Ended             Year Ended
                 December 31,                   December 31,
                 2012             2011          2012           2011
                 (In thousands)
                                                            
Revenue                                                      
North America     $879,115       $801,146    $3,426,858   $3,131,376
Europe            188,800         138,486      696,072       138,486
Total revenue     $1,067,915     $939,632    $4,122,930   $3,269,862
                                                            
EBITDA                                                       
North America     $109,308       $94,791     $440,448     $405,924
^(1)
Europe ^(2)       14,430          12,144       70,099        12,144
Total EBITDA      $123,738       $106,935    $510,547     $418,068
                                                            
                                                            
^(1) For the three months and year ended December 31, 2012, North America
EBITDA includes gains of $0.7 million and $17.9 million, respectively,
resulting from certain settlements of a class action lawsuit against several
of our suppliers.North America EBITDA during the three months and year ended
December 31, 2012 also includes net gains of $1.8 million and $2.0 million,
respectively from the change in fair value of contingent consideration
liabilities related to certain of our acquisitions, while the year ended
December 31, 2011 includes a gain of $2.0 million.
^(2) For the three months and year ended December 31, 2012, Europe EBITDA
includes losses of $1.7 million and $3.6 million, respectively, from the
change in fair value of the Euro Car Parts contingent consideration liability,
while the three months and year ended December 31, 2011 each include a loss of
$0.6 million.

CONTACT: Joseph P. Boutross
         Director, Investor Relations
         (312) 621-2793
         jpboutross@lkqcorp.com

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