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KAR Auction Services, Inc. – ‘10-Q’ for 9/30/20 – ‘EX-31.2’

On:  Wednesday, 11/4/20, at 2:42pm ET   ·   For:  9/30/20   ·   Accession #:  1395942-20-101   ·   File #:  1-34568

Previous ‘10-Q’:  ‘10-Q’ on 8/5/20 for 6/30/20   ·   Next:  ‘10-Q’ on 5/5/21 for 3/31/21   ·   Latest:  ‘10-Q’ on 11/2/23 for 9/30/23   ·   43 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/04/20  KAR Auction Services, Inc.        10-Q        9/30/20   68:9.7M

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Form 10-Q - September 30, 2020                      HTML   1.04M 
 2: EX-10.15    Exhibit 10.15 - Ninth A&R Rpa (Us)                  HTML    455K 
 3: EX-10.16    Exhibit 10.16 - Fifth A&R Rpa (Canada)              HTML    382K 
 4: EX-31.1     Exhibit 31.1 - CEO Sox 302 Certification            HTML     23K 
 5: EX-31.2     Exhibit 31.2 - CFO Sox 302 Certification            HTML     23K 
 6: EX-32.1     Exhibit 32.1 - CEO Sox 906 Certification            HTML     19K 
 7: EX-32.2     Exhibit 32.2 - CFO Sox 906 Certification            HTML     20K 
14: R1          Document and Entity Information                     HTML     74K 
15: R2          Consolidated Statements of Income                   HTML    113K 
16: R3          Consolidated Statements of Comprehensive Income     HTML     41K 
17: R4          Consolidated Balance Sheets                         HTML    133K 
18: R5          Consolidated Balance Sheets (Parenthetical)         HTML     37K 
19: R6          Consolidated Statements of Stockholders' Equity     HTML     19K 
                (Parenthetical)                                                  
20: R7          Consolidated Statements of Stockholders' Equity     HTML     90K 
21: R8          Consolidated Statements of Cash Flows               HTML    133K 
22: R9          Basis of Presenation and Nature of Operations       HTML     45K 
23: R10         Pending Acquisition                                 HTML     21K 
24: R11         IAA Separation and Discontinued Operations          HTML     51K 
25: R12         Stock and Stock-Based Compensation Plans            HTML     36K 
26: R13         Net Income from Continuing Operations Per Share     HTML     50K 
27: R14         Finance Receivables and Obligations Collateralized  HTML     70K 
                by Finance Receivables                                           
28: R15         Goodwill and Other Intangible Assets                HTML     32K 
29: R16         Long-Term Debt                                      HTML     46K 
30: R17         Derivatives                                         HTML     40K 
31: R18         Convertible Preferred Stock                         HTML     28K 
32: R19         Commitments and Contingencies                       HTML     22K 
33: R20         Accumulated Other Comprehensive Income (Loss)       HTML     27K 
34: R21         Segment Information                                 HTML    160K 
35: R22         Subsequent Event                                    HTML     21K 
36: R23         Basis of Presentation and Nature of Operations      HTML     53K 
                Accounting Policies (Policies)                                   
37: R24         IAA Separation and Discontinued Operations          HTML     52K 
                (Tables)                                                         
38: R25         Stock and Stock-Based Compensation Plans (Tables)   HTML     32K 
39: R26         Net Income from Continuing Operations Per Share     HTML     47K 
                (Tables)                                                         
40: R27         Finance Receivables and Obligations Collateralized  HTML     65K 
                by Finance Receivables (Tables)                                  
41: R28         Goodwill and Other Intangible Assets (Tables)       HTML     30K 
42: R29         Long-Term Debt (Tables)                             HTML     41K 
43: R30         Derivatives (Tables)                                HTML     39K 
44: R31         Accumulated Other Comprehensive Income (Loss)       HTML     27K 
                (Tables)                                                         
45: R32         Segment Information (Tables)                        HTML    157K 
46: R33         Basis of Presentation and Nature of Operations      HTML     80K 
                (Details)                                                        
47: R34         Pending Acquisition (Details)                       HTML     21K 
48: R35         IAA Separation and Discontinued Operations          HTML     59K 
                (Details)                                                        
49: R36         Stock and Stock-Based Compensation Summary          HTML     42K 
                (Details)                                                        
50: R37         Employee Stock Purchase Plan (Details)              HTML     22K 
51: R38         Share Repurchase Plan (Details)                     HTML     36K 
52: R39         Net Income from Continuing Operations Per Share     HTML     65K 
                (Details)                                                        
53: R40         Finance Receivables and Obligations Collateralized  HTML     86K 
                by Finance Receivables (Details)                                 
54: R41         Goodwill and Other Intangible Assets (Details)      HTML     39K 
55: R42         Long-Term Debt Summary (Details)                    HTML     50K 
56: R43         Credit Facilities (Details)                         HTML     76K 
57: R44         Derivatives (Details)                               HTML     46K 
58: R45         Derivatives (Details 2)                             HTML     31K 
59: R46         Convertible Preferred Stock (Details)               HTML     79K 
60: R47         Commitments and Contingencies (Details)             HTML     20K 
61: R48         Accumulated Other Comprehensive Income (Loss)       HTML     29K 
                (Details)                                                        
62: R49         Segment Information (Details 1)                     HTML    107K 
63: R50         Segment Information (Details 2)                     HTML     31K 
64: R51         Subsequent Event (Details)                          HTML     23K 
66: XML         IDEA XML File -- Filing Summary                      XML    117K 
13: XML         XBRL Instance -- kar-20200930_htm                    XML   1.85M 
65: EXCEL       IDEA Workbook of Financial Reports                  XLSX     82K 
 9: EX-101.CAL  XBRL Calculations -- kar-20200930_cal                XML    198K 
10: EX-101.DEF  XBRL Definitions -- kar-20200930_def                 XML    561K 
11: EX-101.LAB  XBRL Labels -- kar-20200930_lab                      XML   1.42M 
12: EX-101.PRE  XBRL Presentations -- kar-20200930_pre               XML    858K 
 8: EX-101.SCH  XBRL Schema -- kar-20200930                          XSD    137K 
67: JSON        XBRL Instance as JSON Data -- MetaLinks              350±   505K 
68: ZIP         XBRL Zipped Folder -- 0001395942-20-000101-xbrl      Zip    491K

‘EX-31.2’   —   Exhibit 31.2 – CFO Sox 302 Certification

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

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  Document  

EXHIBIT 31.2
Certification of Chief Financial Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Eric M. Loughmiller, certify that:
1)I have reviewed this Quarterly Report on Form 10-Q of KAR Auction Services, Inc.;
2)Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3)Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4)The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5)The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
/s/ ERIC M. LOUGHMILLER
Executive Vice President and Chief Financial Officer
Date: November 4, 2020


Dates Referenced Herein

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/4/20None on these Dates
For Period end:9/30/20
 List all Filings 

9 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/22/23  OPENLANE, Inc.                    10-Q/A      6/30/22   61:7M
 3/22/23  OPENLANE, Inc.                    10-Q/A      3/31/22   61:6.1M
 8/03/22  OPENLANE, Inc.                    10-Q        6/30/22   58:7.4M
 5/04/22  OPENLANE, Inc.                    10-Q        3/31/22   59:6.4M
 2/23/22  OPENLANE, Inc.                    10-K       12/31/21  110:15M
11/03/21  OPENLANE, Inc.                    10-Q        9/30/21   57:6.9M
 8/04/21  OPENLANE, Inc.                    10-Q        6/30/21   55:6.8M
 5/05/21  OPENLANE, Inc.                    10-Q        3/31/21   57:5.6M
 2/18/21  OPENLANE, Inc.                    10-K       12/31/20  105:14M

34 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/08/20  OPENLANE, Inc.                    8-K:1,8,9   9/02/20   13:1.2M                                   Toppan Merrill/FA
 8/05/20  OPENLANE, Inc.                    10-Q        6/30/20   67:8.8M
 6/29/20  OPENLANE, Inc.                    8-K:1,3,9   6/29/20   13:498K
 6/10/20  OPENLANE, Inc.                    8-K:1,3,5,9 6/09/20   14:1M
 6/01/20  OPENLANE, Inc.                    8-K:1,9     5/29/20   13:468K
 5/27/20  OPENLANE, Inc.                    8-K:1,3,8,9 5/26/20   13:2M                                     Broadridge Fin’l So… Inc
 5/07/20  OPENLANE, Inc.                    10-Q        3/31/20   62:6.7M
 3/13/20  OPENLANE, Inc.                    8-K:5,9     3/09/20   14:503K
 2/19/20  OPENLANE, Inc.                    10-K       12/31/19  108:15M
11/06/19  OPENLANE, Inc.                    10-Q        9/30/19   68:9.1M
 9/20/19  OPENLANE, Inc.                    8-K:1,2,9   9/19/19   11:2.6M                                   Broadridge Fin’l So… Inc
 8/07/19  OPENLANE, Inc.                    10-Q        6/30/19   65:8.7M
 6/28/19  OPENLANE, Inc.                    8-K:1,2,5,8 6/28/19    6:1.3M                                   Broadridge Fin’l So… Inc
 2/21/19  OPENLANE, Inc.                    10-K       12/31/18  104:14M
 2/21/18  OPENLANE, Inc.                    10-K       12/31/17  101:14M
 5/31/17  OPENLANE, Inc.                    8-K:1,2,9   5/31/17    3:2.9M                                   Toppan Merrill/FA
 2/24/17  OPENLANE, Inc.                    10-K       12/31/16  102:19M
 8/03/16  OPENLANE, Inc.                    10-Q        6/30/16   55:7.1M
 3/09/16  OPENLANE, Inc.                    8-K:1,2,9   3/09/16    2:1.8M                                   Toppan Merrill/FA
 2/18/16  OPENLANE, Inc.                    10-K       12/31/15  106:14M
11/04/14  OPENLANE, Inc.                    8-K:5,9    11/04/14    2:279K
 4/29/14  OPENLANE, Inc.                    DEF 14A     6/10/14    1:1.3M                                   Toppan Merrill-FA
 3/20/14  OPENLANE, Inc.                    8-K:5,9     3/20/14    3:109K
 3/12/14  OPENLANE, Inc.                    8-K:1,2,9   3/11/14    3:1.7M                                   Donnelley … Solutions/FA
 2/19/14  OPENLANE, Inc.                    10-K       12/31/13   99:16M
12/17/13  KAR Auction Services, Inc.        8-K:5,9    12/11/13    6:418K                                   Toppan Merrill/FA
 2/28/12  KAR Auction Services, Inc.        10-K       12/31/11   54:7.9M                                   Toppan Merrill-FA
 8/04/10  KAR Auction Services, Inc.        10-Q        6/30/10    9:1.4M                                   Donnelley … Solutions/FA
12/24/09  KAR Auction Services, Inc.        S-8        12/24/09    6:271K                                   Donnelley … Solutions/FA
12/10/09  KAR Auction Services, Inc.        S-1/A                  6:6.4M                                   Donnelley … Solutions/FA
12/04/09  KAR Auction Services, Inc.        S-1/A                 14:883K                                   Donnelley … Solutions/FA
11/13/08  KAR Auction Services, Inc.        10-Q        9/30/08    7:1.5M                                   Donnelley … Solutions/FA
 9/09/08  KAR Auction Services, Inc.        8-K:1,9     9/04/08   20:3.2M                                   Donnelley … Solutions/FA
 1/25/08  IAA Acquisition Corp.             S-4                  167:19M                                    Donnelley … Solutions/FA
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