Autozone (AZO) FY2013 results: revenue $9.1 billion, up 6.3% on the year
Autozone Inc. (AZO) reported revenue of $9.1 billion for fiscal 2013, the year ended 31 August 2013, up 6.3% on the year before. Net income was $1.0 billion, up 9.3%, and diluted earnings per share $27.79. The figures are the company's own, from the 10-K it filed with the SEC on 28 October 2013.
Revenue
$9.1 billion
+6.3% on the year
FY2008FY2013
Operating margin
19.4%
18.9% a year earlier
FY2008FY2013
Net income
$1.0 billion
+9.3% on the year
FY2008FY2013
Diluted EPS
$27.79
+18.4% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
9,148
8,604
8,073
+6.3%
Cost of revenue
4,407
4,172
3,954
+5.6%
Gross profit
4,741
4,432
4,119
+7.0%
Gross margin
51.8%
51.5%
51.0%
Selling, general and administrative
2,968
2,803
2,625
+5.9%
Operating income
1,773
1,629
1,495
+8.9%
Operating margin
19.4%
18.9%
18.5%
Interest expense
188
179
-174
+5.5%
Pre-tax income
1,588
1,453
1,324
+9.3%
Income tax
571
523
475
+9.3%
Effective tax rate
36.0%
36.0%
35.9%
Net income
1,016
930
849
+9.3%
Net margin
11.1%
10.8%
10.5%
Diluted EPS
$27.79
$23.48
$19.47
+18.4%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,415
1,224
1,292
+15.6%
Capital expenditure
414
378
322
+9.6%
Free cash flow
1,001
846
970
+18.3%
Free cash flow margin
10.9%
9.8%
12.0%
Cash from investing
-527
-375
-319
Cash from financing
-847
-843
-974
Depreciation and amortisation
227
212
196
+7.3%
Share-based compensation
37.3
33.4
26.6
+11.8%
Buybacks
1,387
1,363
1,467
+1.8%
Diluted shares, weighted
37m
40m
44m
-7.7%
Shares outstanding at period end
34m
37m
40m
-7.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
-1,687
-1,548
-1,254
Debt
4,187
3,768
3,352
+11.1%
Other liabilities
4,369
4,045
3,772
+8.0%
Total liabilities and equity
6,869
6,266
5,870
+9.6%
Fixed assets
3,071
2,856
2,669
+7.5%
Goodwill
368
303
303
+21.5%
Intangible assets
51.7
n/a
n/a
Investments
n/a
76.2
73.1
Cash and equivalents
142
103
97.6
+37.9%
Receivables
172
161
141
+6.4%
Other assets
3,064
2,766
2,587
+10.8%
Total assets
6,869
6,266
5,870
+9.6%
10-K for the year ended 31 August 2013, filed 28 October 2013: the filing.