1 unchanged sentence
Market Information
−Removed: As of July 31, 2020, there were 235,315,337 shares outstanding.
+Added: As of July 31, 2021, there were 237,014,273 shares of our common stock issued and outstanding.
Our common stock has been quoted on the NASDAQ Global Select Market under the symbol “CPRT” since March 17, 1994.
−Removed: As of September 25, 2020, we had 828 stockholders of record.
+Added: As of September 23, 2021, we had 806 holders of record of our common stock.
On July 31, 2021, the last reported sale price of our common stock on the NASDAQ Global Select Market was $147.00 per share.
35 unchanged sentences
Subject to applicable securities laws, such repurchases will be made at such times and in such amounts as we deem appropriate and may be discontinued at any time.
−Removed: In fiscal 2018, certain members of our Board of Directors exercised stock options through cashless exercises.
In fiscal 2019, our former President exercised all of his vested stock options through a cashless exercise.
In fiscal 2020, our Chief Executive Officer exercised all of his vested stock options through a cashless exercise.
+Added: In fiscal 2021, certain employees exercised stock options through a cashless exercise.
A portion of the options exercised were net settled in satisfaction of the exercise price.
−Removed: We remitted $101.3 million, $45.6 million, and no amounts for the years ended July 31, 2020, 2019 and 2018, respectively, to the proper taxing authorities in satisfaction of the employees’ statutory withholding requirements.
+Added: We remitted $3.8 million, $101.3 million, and $45.6 million during the years ended July 31, 2021, 2020 and 2019, respectively, to the proper taxing authorities in satisfaction of the employees’ statutory withholding requirements.
The exercised stock options, utilizing a cashless exercise, are summarized in the following table:
14 unchanged sentences
Notwithstanding any statement to the contrary in any of our previous or future filings with the SEC, the following information relating to the price performance of our common stock shall not be deemed “filed” with the SEC or “Soliciting Material” under the Exchange Act, or subject to Regulation 14A or 14C, or to liabilities of Section 18 of the Exchange Act except to the extent we specifically request that such information be treated as soliciting material or to the extent we specifically incorporate this information by reference.
−Removed: The following is a line graph comparing the cumulative total return to stockholders of our common stock at July 31, 2020 since July 31, 2015, to the cumulative total return over such period of (i) the NASDAQ Composite Index, (ii) the NASDAQ Industrial Index, and (iii) the NASDAQ Q-50 (NXTQ).
+Added: The following is a line graph comparing the cumulative total return to stockholders of our common stock at July 31, 2021 since July 31, 2016, to the cumulative total return over such period of (i) the NASDAQ Composite Index, (ii) the NASDAQ Industrial Index, and (iii) the S&P 500 Index.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among Copart, Inc., the NASDAQ Composite Index,
−Removed: the NASDAQ Industrial Index, the S&P 500 Index, and the NASDAQ Q-50 (NXTQ)
+Added: the NASDAQ Industrial Index, and the S&P 500 Index
Fiscal Year Ended July 31,
4 unchanged sentences
S&P 500 Index $ 100.00 $ 116.04 $ 134.89 $ 145.66 $ 163.08 $ 222.51
−Removed: NASDAQ Q-50 (NXTQ) $ 100.00 $ 92.67 $ 108.01 $ 121.15 $ 135.28 $ 178.45
−Removed: * Assumes that $100.00 was invested on July 31, 2015 in our common stock, in the NASDAQ Composite Index, the NASDAQ Industrial Index, the NASDAQ Q-50 (NXTQ), and the S&P 500 Index and that all dividends were reinvested.
+Added: * Assumes that $100.00 was invested on July 31, 2016 in our common stock, in the NASDAQ Composite Index, the NASDAQ Industrial Index, and the S&P 500 Index and that all dividends were reinvested.
No dividends have been declared on our common stock.
2 unchanged sentences
All rights reserved.
−Removed: Selected Financial Data
−Removed: The following selected consolidated financial data should be read in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7.
−Removed: of this Form 10-K, and “Financial Statements and Supplementary Data” in Part II, Item 8 of this Form 10-K.
−Removed: Our historical results of operations are not necessarily indicative of results of operations to be expected for any future period.
−Removed: Fiscal Year Ended July 31,
−Removed: (In thousands, except per share) 2020 2019 2018 2017 2016
−Removed: Operating Data
−Removed: Revenues $ 2,205,583 $ 2,041,957 $ 1,805,695 $ 1,447,981 $ 1,268,449
−Removed: Operating income 816,099 716,475 584,345 461,299 406,470
−Removed: Income before income taxes 800,839 704,951 562,511 440,100 395,865
−Removed: Income taxes 100,932 113,258 144,504 45,839 125,505
−Removed: Net income $ 699,907 $ 591,693 $ 418,007 $ 394,261 $ 270,360
−Removed: Basic net income per common share $ 3.00 $ 2.57 $ 1.80 $ 1.72 $ 1.18
−Removed: Weighted average common shares outstanding 233,202 230,489 231,793 228,686 228,846
−Removed: Diluted net income per common share $ 2.93 $ 2.46 $ 1.73 $ 1.66 $ 1.11
−Removed: Diluted weighted average common shares outstanding 238,656 240,453 241,877 237,019 244,295
−Removed: Balance Sheet Data
−Removed: Cash, cash equivalents, and restricted cash $ 477,718 $ 186,319 $ 274,520 $ 210,100 $ 155,849
−Removed: Working capital 607,715 405,163 431,860 285,108 220,523
−Removed: Total assets 3,455,261 2,547,617 2,307,698 1,982,501 1,649,820
−Removed: Total debt 397,787 401,229 399,898 633,038 640,492
−Removed: Stockholders’ equity 2,489,516 1,778,381 1,581,099 1,098,600 774,456
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.