Preferred stock, shares authorized (in shares)

[Table of Contents](#i988317c7021a4a8fa66f2208a2958f7e_10)COPART, INC.CONSOLIDATED BALANCE SHEETS(in thousands, except share amounts)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | July 31, |
|  |  | 2022 |  | 2021 |
| ASSETS |
| Current assets: |  |     |  |     |
| Cash, cash equivalents, and restricted cash |  | $ | 1,384,236  |  |  | $ | 1,048,260  |  |
|  |  |  |  |  |
| Accounts receivable, net |  | 578,573  |  |  | 480,628  |  |
| Vehicle pooling costs |  | 112,242  |  |  | 94,449  |  |
| Inventories |  | 58,791  |  |  | 44,968  |  |
| Income taxes receivable |  | 49,882  |  |  | 20,012  |  |
|  |  |  |  |  |
| Prepaid expenses and other assets |  | 18,731  |  |  | 14,294  |  |
| Total current assets |  | 2,202,455  |  |  | 1,702,611  |  |
| Property and equipment, net |  | 2,485,764  |  |  | 2,296,624  |  |
| Operating lease right-of-use assets |  | 116,303  |  |  | 119,487  |  |
| Intangibles, net |  | 54,680  |  |  | 45,873  |  |
| Goodwill |  | 401,954  |  |  | 355,717  |  |
| Other assets |  | 47,708  |  |  | 41,831  |  |
| Total assets |  | $ | 5,308,864  |  |  | $ | 4,562,143  |  |
|  |  |  |  |  |
| LIABILITIES AND STOCKHOLDERS’ EQUITY |
| Current liabilities: |  |     |  |     |
| Accounts payable and accrued liabilities |  | $ | 399,034  |  |  | $ | 369,826  |  |
|  |  |  |  |  |
| Deferred revenue |  | 20,061  |  |  | 20,973  |  |
| Income taxes payable |  | —  |  |  | 7,760  |  |
| Current portion of operating and finance lease liabilities |  | 21,794  |  |  | 22,472  |  |
| Total current liabilities |  | 440,889  |  |  | 421,031  |  |
| Deferred income taxes |  | 80,060  |  |  | 63,969  |  |
| Income taxes payable |  | 64,637  |  |  | 52,345  |  |
| Operating and finance lease liabilities, net of current portion |  | 95,683  |  |  | 97,961  |  |
| Long-term debt and other liabilities, net of discount |  | 1,996  |  |  | 397,636  |  |
| Total liabilities |  | 683,265  |  |  | 1,032,942  |  |
|  |  |  |  |  |
| Commitments and contingencies |  |  |  |  |
| Stockholders’ equity: |  |     |  |     |
| Preferred stock: $0.0001 par value—5,000,000 shares authorized; none issued |  | —  |  |  | —  |  |
| Common stock: $0.0001 par value—400,000,000 shares authorized; 238,040,974 and 237,014,273 shares issued and outstanding, respectively |  | 24  |  |  | 24  |  |
| Additional paid-in capital |  | 838,532  |  |  | 761,834  |  |
| Accumulated other comprehensive loss |  | (169,365) |  |  | (100,860) |  |
| Retained earnings |  | 3,956,408  |  |  | 2,868,203  |  |
| Total stockholders’ equity |  | 4,625,599  |  |  | 3,529,201  |  |
| Total liabilities and stockholders’ equity |  | $ | 5,308,864  |  |  | $ | 4,562,143  |  |

  
The accompanying notes are an integral part of these consolidated financial statements.57
