SEC Comment Letter 0000000000-23-004646 to LKQ CORP (LKQ) (CIK 0001065696) (LKQ)
LKQ CORP (LKQ) (CIK 0001065696)
Date: May 4, 2023 · CIK: 0001065696 · Accession: 0000000000-23-004646
AI Filing Summary & Sentiment
File numbers found in text: 000-50404
Letter
United States securities and exchange commission logo May 4, 2023 Dominick Zarcone President and Chief Executive Officer LKQ Corporation 500 West Madison Street, Suite 2800 Chicago, Illinois 60661 Re:LKQ Corporation Form 10-K for Fiscal Year Ended December 31, 2022 Filed February 23, 2023 File No. 000-50404 Dear Dominick Zarcone: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to the comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to the comment, we may have additional comments. Form 10-K for Fiscal Year Ended December 31, 2022 Financial Statements Note 24. Segment and Geographic Information, page 99 1.Segment EBITDA is your ASC 280 measure of segment profit; EBITDA is not. Please remove the EBITDA non-GAAP measure that you have included as a subtotal in the reconciliation of net income to Segment EBITDA from your financial statements. Refer to Item 10(e)(1)(ii)(C) of Regulation S-K. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameDominick Zarcone Comapany NameLKQ Corporation May 4, 2023 Page 2 FirstName LastName Dominick Zarcone LKQ Corporation May 4, 2023 Page 2 You may contact Suying Li at (202) 551-3335 or Rufus Decker at (202) 551-3769 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
May 4, 2023
Dominick Zarcone
President and Chief Executive Officer
LKQ Corporation
500 West Madison Street, Suite 2800
Chicago, Illinois 60661
Re:LKQ Corporation
Form 10-K for Fiscal Year Ended December 31, 2022
Filed February 23, 2023
File No. 000-50404
Dear Dominick Zarcone:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to the comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to the comment, we may have additional comments.
Form 10-K for Fiscal Year Ended December 31, 2022
Financial Statements
Note 24. Segment and Geographic Information, page 99
1.Segment EBITDA is your ASC 280 measure of segment profit; EBITDA is not. Please
remove the EBITDA non-GAAP measure that you have included as a subtotal in
the reconciliation of net income to Segment EBITDA from your financial statements.
Refer to Item 10(e)(1)(ii)(C) of Regulation S-K.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameDominick Zarcone
Comapany NameLKQ Corporation
May 4, 2023 Page 2
FirstName LastName
Dominick Zarcone
LKQ Corporation
May 4, 2023
Page 2
You may contact Suying Li at (202) 551-3335 or Rufus Decker at (202) 551-3769 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services