$CPRT

COPART INC

CIK:0000900075|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2024
Total service revenues and vehicle sales	$ 4,666,209	$ 4,646,958	$ 4,236,823
Operating expenses:
Facility operations	1,965,888	1,944,318	1,710,084
Cost of vehicle sales	616,463	602,997	619,487
General and administrative	431,268	402,929	335,229
Total operating expenses	3,013,619	2,950,244	2,664,800
Operating income	1,652,590	1,696,714	1,572,023
Other income:
Interest income	181,923	178,909	145,673
Other income (expense), net	464	19,958	(3,095)
Total other income	182,387	198,867	142,578
Total income before taxes	1,834,977	1,895,581	1,714,601
Income tax expense	354,580	347,218	352,254
Net income	1,480,397	1,548,363	1,362,347
Less: Net loss attributable to redeemable noncontrolling interest	(3,873)	(4,086)	(673)
Net income attributable to Copart, Inc.	$ 1,484,270	$ 1,552,449	$ 1,363,020
Basic net income per common share	$ 1.56	$ 1.61	$ 1.42
Weighted average common shares outstanding	949,640	965,306	960,739
Diluted net income per common share	$ 1.55	$ 1.59	$ 1.4
Diluted weighted average common shares outstanding	956,860	977,563	974,798
Service [Member]
Total service revenues and vehicle sales	$ 3,969,520	$ 3,968,662	$ 3,561,002
Product [Member]
Total service revenues and vehicle sales	$ 696,689	$ 678,296	$ 675,821

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2026	Jul. 31, 2025	Jul. 31, 2024
Cash flows from operating activities:
Net income	$ 1,480,397	$ 1,548,363	$ 1,362,347
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, including debt cost	238,466	217,784	190,256
Allowance for credit losses	5,599	354	3,914
Gain on extinguishment of liabilities	0	0	(4,058)
Equity in losses (income) from unconsolidated affiliates	326	(149)	2,241
Stock-based compensation	38,818	38,004	35,234
Loss (gain) on sale of property and equipment	1,130	(13,726)	(2,386)
Deferred taxes	47,359	(13,440)	(847)
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	(80,629)	(33,950)	(145,385)
Vehicle pooling costs	(6,358)	16,705	(9,542)
Inventories	(11,443)	4,655	(3,698)
Prepaid expenses and other current and non-current assets	(47,613)	7,748	(71,067)
Operating lease right-of-use assets and lease liabilities	690	478	1,064
Accounts payable and accrued liabilities	32,507	69,599	59,528
Deferred revenue	1,908	2,159	1,867
Income taxes receivable	(49,277)	(575)	6,561
Income taxes payable	(47,388)	(44,259)	46,535
Net cash provided by operating activities	1,604,492	1,799,750	1,472,564
Cash flows from investing activities:
Purchases of property and equipment	(337,363)	(568,990)	(510,990)
Assets and liabilities acquired in connection with acquisition	(5,004)	(1,223)	17,662
Proceeds from sale of property and equipment	12,575	31,831	4,166
Investment in held to maturity securities	(2,889,072)	(4,001,918)	(4,087,162)
Proceeds from held to maturity securities	2,345,000	3,960,000	3,645,000
Investment in unconsolidated affiliate	(3,737)	(7,148)	(8,755)
Net cash used in investing activities	(877,601)	(587,448)	(940,079)
Cash flows from financing activities:
Proceeds from the exercise of stock options	16,702	42,759	24,260
Proceeds from the issuance of Employee Stock Purchase Plan shares	14,312	14,679	12,406
Repurchases of common stock	(1,632,538)	0	0
Payments for employee stock-based tax withholdings	(3,736)	(5,282)	(6,558)
Principal payments on revolver facility	0	0	(10,821)
Debt issuance costs	(1,534)	0	0
Payments of finance lease obligations	(60)	(49)	(14)
Net cash (used) provided by financing activities	(1,606,854)	52,107	19,273
Effect of foreign currency translation	7,333	2,011	4,958
Net increase (decrease) in cash, cash equivalents, and restricted cash	(872,630)	1,266,420	556,716
Cash, cash equivalents, and restricted cash at beginning of period	2,780,531	1,514,111	957,395
Cash, cash equivalents, and restricted cash at end of period	1,907,901	2,780,531	1,514,111
Supplemental disclosure of cash flow information:
Interest paid	1,866	2,019	3,127
Income taxes paid, net of refunds	398,380	409,003	285,891
Purchase of property and equipment through settlement of deposit	$ 6,222	$ 64,050	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2026	Jul. 31, 2025
Current assets:
Cash, cash equivalents, and restricted cash	$ 1,907,901	$ 2,780,531
Investment in held to maturity securities	2,581,901	2,008,539
Accounts receivable, net of allowance for credit losses of $18,551 and $12,945, respectively	809,247	762,811
Vehicle pooling costs	122,948	116,145
Inventories	51,382	39,661
Income taxes receivable	49,856	580
Prepaid expenses and other assets	44,959	46,361
Total current assets	5,568,194	5,754,628
Property and equipment, net	3,733,220	3,598,093
Operating lease right-of-use assets	83,728	99,708
Intangibles, net	50,477	62,832
Goodwill	511,297	517,779
Other assets	80,894	57,862
Total assets	10,027,810	10,090,902
Current liabilities:
Accounts payable and accrued liabilities	634,675	591,831
Deferred revenue	32,466	30,440
Income taxes payable	21,437	41,141
Current portion of operating and finance lease liabilities	15,163	19,869
Total current liabilities	703,741	683,281
Deferred income taxes	127,918	80,625
Income taxes payable	9,067	35,635
Operating and finance lease liabilities, net of current portion	73,204	83,870
Total liabilities	913,930	883,411
Commitments and contingencies
Redeemable non-controlling interest	16,585	20,458
Stockholders' equity:
Preferred stock: $0.0001 par value - 5,000,000 shares authorized; none issued	0	0
Common stock: $0.0001 par value - 1,600,000,000 shares authorized; 926,298,293 and 967,478,690 shares issued and outstanding, respectively	93	97
Additional paid-in capital	1,226,354	1,214,150
Accumulated other comprehensive loss	(109,778)	(120,283)
Retained earnings	7,980,626	8,093,069
Total stockholders' equity	9,097,295	9,187,033
Total liabilities, redeemable noncontrolling interests and stockholders' equity	$ 10,027,810	$ 10,090,902