Autozone (AZO) FY2014 results: revenue $9.5 billion, up 3.6% on the year
Autozone Inc. (AZO) reported revenue of $9.5 billion for fiscal 2014, the year ended 30 August 2014, up 3.6% on the year before. Net income was $1.1 billion, up 5.2%, and diluted earnings per share $31.57. The figures are the company's own, from the 10-K it filed with the SEC on 27 October 2014.
Revenue
$9.5 billion
+3.6% on the year
FY2008FY2014
Operating margin
19.3%
19.4% a year earlier
FY2008FY2014
Net income
$1.1 billion
+5.2% on the year
FY2008FY2014
Diluted EPS
$31.57
+13.6% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
9,475
9,148
8,604
+3.6%
Cost of revenue
4,540
4,407
4,172
+3.0%
Gross profit
4,935
4,741
4,432
+4.1%
Gross margin
52.1%
51.8%
51.5%
Selling, general and administrative
3,105
2,968
2,803
+4.6%
Operating income
1,830
1,773
1,629
+3.2%
Operating margin
19.3%
19.4%
18.9%
Interest expense
170
188
179
-9.5%
Pre-tax income
1,663
1,588
1,453
+4.7%
Income tax
593
571
523
+3.8%
Effective tax rate
35.7%
36.0%
36.0%
Net income
1,070
1,016
930
+5.2%
Net margin
11.3%
11.1%
10.8%
Diluted EPS
$31.57
$27.79
$23.48
+13.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,341
1,415
1,224
-5.2%
Capital expenditure
438
414
378
+5.7%
Free cash flow
903
1,001
846
-9.7%
Free cash flow margin
9.5%
10.9%
9.8%
Cash from investing
n/a
-527
-375
Cash from financing
n/a
-847
-843
Depreciation and amortisation
251
227
212
+10.6%
Share-based compensation
39.4
37.3
33.4
+5.6%
Buybacks
1,099
1,387
1,363
-20.8%
Diluted shares, weighted
34m
37m
40m
-7.4%
Shares outstanding at period end
32m
34m
37m
-5.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
-1,622
-1,687
-1,548
Debt
4,344
4,187
3,768
+3.7%
Other liabilities
4,775
4,369
4,045
+9.3%
Total liabilities and equity
7,497
6,869
6,266
+9.1%
Fixed assets
3,310
3,071
2,856
+7.8%
Goodwill
368
368
303
0.0%
Intangible assets
74.9
51.7
n/a
+44.8%
Investments
n/a
n/a
76.2
Cash and equivalents
124
142
103
-12.5%
Receivables
201
172
161
+17.0%
Other assets
3,419
3,064
2,766
+11.6%
Total assets
7,497
6,869
6,266
+9.1%
10-K for the year ended 30 August 2014, filed 27 October 2014: the filing.