Copart corrects Q2 FY2022 financials reclassifying $374.8M Treasury Bills to short-term investments

COPART INC

Amendment reclassifies $374.8M Treasury Bills from cash equivalents to short-term investments on balance sheet.
Statement of cash flows corrected to show $374.8M purchase of held-to-maturity securities in investing section.
Original Q2 FY2022 results: revenue $867.5M (+40.6% YoY), net income $287.4M, diluted EPS $1.19.
Non-GAAP diluted EPS was $1.10 for Q2 FY2022, up 37.5% from $0.80 a year ago.

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