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KAR Auction Services KAR
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Quarterly report 2026-Q3
added 11-04-2026

KAR Auction Services Balance Sheet 2025-2008 | KAR

Brief balance sheet overview of KAR Auction Services

The balance sheet is assessed across five available annual reports spanning 2015 to 2019.

The balance sheet expanded from $5.8 billion to $6.6 billion. Growth of +13.6% and CAGR of 3.2% look measured and sustainable.

Liabilities followed the scale of the balance sheet: +11.9% versus +13.6% for assets. Leverage did not change materially.

The share of internal funding stands at 25.1% versus 23.9% initially, providing a reasonable foundation.

Net debt stands at $2.8 billion, or 1.72x of equity. The debt cushion is limited.

Cash accounts for 7.7% of assets versus 2.7% initially. The change indicates the degree of financial flexibility.

Retained earnings stand at $651 million; the five-period change was +3,663%. This reflects accumulated business performance.

Balance sheet takeaway

KAR Auction Services's balance sheet profile is moderate. It should be considered alongside profitability, cash flow and liability maturities.

Annual Balance Sheet KAR Auction Services

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Net Debt

398 M - 264 M 268 M 1.69 B 1.13 B 2.84 B 3.78 B 3.72 B 3.55 B 2.92 B 2.47 B 2.35 B 2.42 B 1.81 B 1.76 B - -

Long Term Debt

530 M - 202 M 205 M 1.85 B 1.85 B 1.86 B 2.65 B 2.67 B 2.37 B 1.72 B 1.74 B 1.73 B 1.77 B 1.82 B 1.88 B - -

Long Term Debt Current

9.7 M 11.7 M 155 M 289 M 16.3 M 24.3 M 28.8 M 13.1 M 12.4 M 105 M 154 M 17.7 M 32.5 M 43.7 M 85.9 M - - -

Total Non Current Liabilities

590 M 102 M 308 M 346 M 2.34 B 2.38 B 2.41 B 3.12 B 3.11 B 2.83 B 2.18 B 2.21 B 2.21 B 2.19 B 2.24 B 2.31 B - -

Total Current Liabilities

2.6 B 2.57 B 2.48 B 2.64 B 3.01 B 2.25 B 2.52 B 2.62 B 2.39 B 2.34 B 2.23 B 1.59 B 1.43 B 1.29 B 1.2 B 967 M - -

Total Liabilities

- - - - - - 4.93 B 5.74 B 5.5 B 5.16 B 4.41 B 3.8 B 3.65 B 3.48 B 3.44 B - - -

Retained Earnings

587 M 690 M 624 M 823 M 626 M 601 M 651 M 392 M 257 M 74.1 M 17.3 M -46.4 M -72.3 M -26.7 M -92.7 M -165 M - -

Total Assets

4.72 B 4.62 B 4.73 B 5.12 B 7.45 B 6.8 B 6.58 B 7.21 B 6.98 B 6.56 B 5.79 B 5.35 B 5.13 B 4.92 B 4.78 B 4.52 B - -

Cash and Cash Equivalents

142 M 143 M 93.5 M 226 M 178 M 752 M 508 M 337 M 317 M 202 M 155 M 153 M 192 M 109 M 97.4 M 119 M 364 M 158 M

Book Value

4.72 B 4.62 B 4.73 B 5.12 B 7.45 B 6.8 B 1.65 B 1.46 B 1.48 B 1.4 B 1.39 B 1.55 B 1.48 B 1.44 B 1.34 B 4.52 B - -

Total Shareholders Equity

1.24 B 1.34 B 1.33 B 1.52 B 1.51 B 1.62 B 1.65 B 1.46 B 1.48 B 1.4 B 1.39 B 1.55 B 1.48 B 1.44 B 1.34 B 1.24 B 1.14 B 751 M

All numbers in USD currency

Quarterly Balance Sheet KAR Auction Services

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

49 M 50.8 M 52.7 M 53 M 54.8 M 56.8 M 58.2 M 60.4 M 64.1 M 65.5 M 67.4 M 70.4 M 72.4 M 74.9 M 77.5 M 79.7 M 80.7 M 84.5 M 86.9 M 88.1 M 323 M 332 M 336 M 344 M 349 M 347 M 353 M 358 M 361 M 366 M 920 M 2.65 B 2.66 B 2.66 B 2.66 B 2.67 B 2.67 B 2.67 B 2.67 B 2.5 B 2.37 B 2.37 B 2.37 B 1.71 B 1.71 B 1.71 B 1.71 B 1.74 B 1.74 B 1.74 B 1.74 B 1.73 B 1.73 B 1.73 B 1.73 B 1.77 B 1.77 B 1.77 B 1.77 B 1.82 B 1.82 B 1.82 B 1.82 B

Total Non Current Liabilities

583 M 585 M 589 M 590 M 100 M 101 M 101 M 102 M 101 M 101 M 302 M 308 M 302 M 304 M 343 M 346 M 334 M 337 M 1.19 B 2.34 B 2.35 B 2.36 B 2.36 B 2.38 B 2.41 B 2.4 B 2.41 B 2.41 B 2.43 B 1.96 B 3.88 B 3.12 B 3.11 B 3.12 B 3.12 B 3.11 B 3.11 B 3.11 B 3.11 B 2.83 B 2.83 B 2.83 B 2.83 B 2.17 B 2.17 B 2.17 B 2.17 B 2.21 B 2.21 B 2.21 B 2.21 B 2.21 B 2.21 B 2.21 B 2.21 B 2.19 B 2.19 B 2.19 B 2.19 B 2.24 B 2.24 B 2.24 B 2.24 B

Retained Earnings

716 M 671 M 630 M 587 M 775 M 738 M 716 M 690 M 649 M 631 M 632 M 624 M 621 M 620 M 824 M 823 M 797 M 814 M 615 M 626 M 631 M 642 M 641 M 601 M 628 M 592 M 625 M 651 M 656 M 645 M 423 M 392 M 372 M 341 M 295 M 257 M 257 M 257 M 257 M 74.1 M 74.1 M 74.1 M 74.1 M 17.3 M 17.3 M 17.3 M 17.3 M -46.4 M -46.4 M -46.4 M -46.4 M -72.3 M -72.3 M -72.3 M -72.3 M -26.7 M -26.7 M -26.7 M -26.7 M -92.7 M -92.7 M -92.7 M -92.7 M

Total Assets

5.23 B 5.01 B 4.9 B 4.72 B 4.82 B 4.64 B 4.81 B 4.62 B 4.63 B 4.62 B 4.82 B 4.73 B 4.73 B 4.9 B 5.15 B 5.12 B 5.3 B 6.13 B 7.79 B 7.45 B 7.17 B 7.12 B 7.16 B 6.8 B 6.91 B 6.49 B 6 B 6.58 B 6.58 B 6.38 B 6.3 B 7.21 B 5.87 B 5.77 B 7.27 B 6.98 B 6.98 B 6.98 B 6.98 B 6.56 B 6.56 B 6.56 B 6.56 B 5.77 B 5.77 B 5.77 B 5.77 B 5.33 B 5.35 B 5.35 B 5.35 B 5.13 B 5.13 B 5.13 B 5.13 B 4.92 B 4.92 B 4.92 B 4.92 B 4.78 B 4.78 B 4.78 B 4.78 B

Cash and Cash Equivalents

245 M 190 M 180 M 185 M 146 M 149 M 256 M 184 M 161 M 129 M 151 M 159 M 152 M 272 M 252 M 278 M 178 M 832 M 160 M 203 M 659 M 637 M 768 M 784 M 1.33 B 1.02 B 408 M 453 M 532 M 257 M 224 M 305 M 424 M 343 M 351 M 317 M 317 M 317 M 317 M 178 M 202 M 202 M 202 M 155 M 155 M 155 M 155 M 153 M 153 M 153 M 153 M 192 M 192 M 192 M 192 M 109 M 109 M 109 M 109 M 97.4 M 97.4 M 97.4 M 97.4 M

Book Value

5.23 B 5.01 B 4.9 B 4.72 B 4.82 B 4.64 B 4.81 B 4.62 B 4.63 B 4.62 B 4.82 B 4.73 B 4.73 B 4.9 B 5.15 B 5.12 B 5.3 B 6.13 B 7.79 B 7.45 B 7.17 B 7.12 B 7.16 B 6.8 B 6.91 B 6.49 B 6 B 6.58 B 6.58 B 6.38 B 6.3 B 7.21 B 5.87 B 5.77 B 7.27 B 6.98 B 6.98 B 6.98 B 6.98 B 6.56 B 6.56 B 6.56 B 6.56 B 5.77 B 5.77 B 5.77 B 5.77 B 5.33 B 5.35 B 5.35 B 5.35 B 5.13 B 5.13 B 5.13 B 5.13 B 4.92 B 4.92 B 4.92 B 4.92 B 4.78 B 4.78 B 4.78 B 4.78 B

Total Shareholders Equity

1.58 B 1.57 B 1.25 B 1.24 B 1.43 B 1.42 B 1.37 B 1.34 B 1.33 B 1.33 B 1.33 B 1.33 B 1.31 B 1.33 B 1.53 B 1.52 B 1.53 B 1.63 B 1.52 B 1.51 B 1.48 B 1.5 B 1.59 B 1.62 B 1.61 B 1.55 B 1.57 B 1.65 B 1.64 B 1.75 B 1.5 B 1.46 B 1.56 B 1.51 B 1.52 B 1.48 B 1.48 B 1.48 B 1.48 B 1.4 B 1.4 B 1.4 B 1.4 B 1.39 B 1.39 B 1.39 B 1.39 B 1.55 B 1.55 B 1.55 B 1.55 B 1.48 B 1.48 B 1.48 B 1.48 B 1.44 B 1.44 B 1.44 B 1.44 B 1.34 B 1.34 B 1.34 B 1.34 B

All numbers in USD currency

Balance Sheet is a fundamental financial report of KAR Auction Services, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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