Autozone (AZO) FY2015 results: revenue $10.2 billion, up 7.5% on the year
Autozone Inc. (AZO) reported revenue of $10.2 billion for fiscal 2015, the year ended 29 August 2015, up 7.5% on the year before. Net income was $1.2 billion, up 8.5%, and diluted earnings per share $36.03. The figures are the company's own, from the 10-K it filed with the SEC on 26 October 2015.
Revenue
$10.2 billion
+7.5% on the year
FY2008FY2015
Operating margin
19.2%
19.3% a year earlier
FY2008FY2015
Net income
$1.2 billion
+8.5% on the year
FY2008FY2015
Diluted EPS
$36.03
+14.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
10,187
9,475
9,148
+7.5%
Cost of revenue
4,860
4,540
4,407
+7.0%
Gross profit
5,327
4,935
4,741
+7.9%
Gross margin
52.3%
52.1%
51.8%
Selling, general and administrative
3,374
3,105
2,968
+8.7%
Operating income
1,953
1,830
1,773
+6.7%
Operating margin
19.2%
19.3%
19.4%
Interest expense
153
170
188
-10.2%
Pre-tax income
1,803
1,663
1,588
+8.4%
Income tax
642
593
571
+8.3%
Effective tax rate
35.6%
35.7%
36.0%
Net income
1,160
1,070
1,016
+8.5%
Net margin
11.4%
11.3%
11.1%
Diluted EPS
$36.03
$31.57
$27.79
+14.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
n/a
1,341
1,415
Capital expenditure
481
438
414
+9.7%
Free cash flow
n/a
903
1,001
Free cash flow margin
n/a
9.5%
10.9%
Cash from investing
n/a
n/a
-527
Cash from financing
n/a
n/a
-847
Depreciation and amortisation
270
251
227
+7.4%
Share-based compensation
41.0
39.4
37.3
+4.1%
Buybacks
1,271
1,099
1,387
+15.7%
Diluted shares, weighted
32m
34m
37m
-4.9%
Shares outstanding at period end
31m
32m
34m
-5.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-1,701
-1,622
-1,687
Debt
4,648
4,344
4,187
+7.0%
Other liabilities
5,156
4,775
4,369
+8.0%
Total liabilities and equity
8,102
7,497
6,869
+8.1%
Fixed assets
3,506
3,310
3,071
+5.9%
Goodwill
392
368
368
+6.5%
Intangible assets
69.7
74.9
51.7
-6.9%
Cash and equivalents
175
124
142
+40.8%
Receivables
248
201
172
+23.4%
Other assets
3,712
3,419
3,064
+8.6%
Total assets
8,102
7,497
6,869
+8.1%
10-K for the year ended 29 August 2015, filed 26 October 2015: the filing.