Autozone (AZO) FY2012 results: revenue $8.6 billion, up 6.6% on the year
Autozone Inc. (AZO) reported revenue of $8.6 billion for fiscal 2012, the year ended 25 August 2012, up 6.6% on the year before. Net income was $930 million, up 9.6%, and diluted earnings per share $23.48. The figures are the company's own, from the 10-K it filed with the SEC on 22 October 2012.
Revenue
$8.6 billion
+6.6% on the year
FY2008FY2012
Operating margin
18.9%
18.5% a year earlier
FY2008FY2012
Net income
$930 million
+9.6% on the year
FY2008FY2012
Diluted EPS
$23.48
+20.6% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
8,604
8,073
7,363
+6.6%
Cost of revenue
4,172
3,954
3,651
+5.5%
Gross profit
4,432
4,119
3,712
+7.6%
Gross margin
51.5%
51.0%
50.4%
Selling, general and administrative
2,803
2,625
2,392
+6.8%
Operating income
1,629
1,495
1,319
+9.0%
Operating margin
18.9%
18.5%
17.9%
Interest expense
179
-174
163
Pre-tax income
1,453
1,324
1,161
+9.7%
Income tax
523
475
422
+10.0%
Effective tax rate
36.0%
35.9%
36.4%
Net income
930
849
738
+9.6%
Net margin
10.8%
10.5%
10.0%
Diluted EPS
$23.48
$19.47
$14.97
+20.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,224
1,292
1,196
-5.2%
Capital expenditure
378
322
315
+17.6%
Free cash flow
846
970
881
-12.8%
Free cash flow margin
9.8%
12.0%
12.0%
Cash from investing
-375
-319
-307
Cash from financing
-843
-974
-883
Depreciation and amortisation
212
196
192
+8.0%
Share-based compensation
33.4
26.6
19.1
+25.3%
Buybacks
1,363
1,467
1,124
-7.1%
Diluted shares, weighted
40m
44m
49m
-9.1%
Shares outstanding at period end
37m
40m
45m
-7.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
-1,548
-1,254
-739
Debt
3,768
3,352
2,908
+12.4%
Other liabilities
4,045
3,772
3,402
+7.2%
Total liabilities and equity
6,266
5,870
5,572
+6.7%
Fixed assets
2,856
2,669
2,520
+7.0%
Goodwill
303
303
303
0.0%
Investments
76.2
73.1
n/a
+4.2%
Cash and equivalents
103
97.6
98.3
+5.6%
Receivables
161
141
126
+14.7%
Other assets
2,766
2,587
2,525
+6.9%
Total assets
6,266
5,870
5,572
+6.7%
10-K for the year ended 25 August 2012, filed 22 October 2012: the filing.