Autozone (AZO) FY2016 results: revenue $10.6 billion, up 4.4% on the year
Autozone Inc. (AZO) reported revenue of $10.6 billion for fiscal 2016, the year ended 27 August 2016, up 4.4% on the year before. Net income was $1.2 billion, up 7.0%, and diluted earnings per share $40.70. The figures are the company's own, from the 10-K it filed with the SEC on 24 October 2018.
Revenue
$10.6 billion
+4.4% on the year
FY2009FY2016
Operating margin
19.4%
19.2% a year earlier
FY2009FY2016
Net income
$1.2 billion
+7.0% on the year
FY2009FY2016
Diluted EPS
$40.70
+13.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
10,636
10,187
9,475
+4.4%
Cost of revenue
5,027
4,860
4,540
+3.4%
Gross profit
5,609
5,327
4,935
+5.3%
Gross margin
52.7%
52.3%
52.1%
Selling, general and administrative
3,548
3,374
3,105
+5.2%
Operating income
2,060
1,953
1,830
+5.5%
Operating margin
19.4%
19.2%
19.3%
Interest expense
151
153
170
-1.3%
Pre-tax income
1,913
1,803
1,663
+6.1%
Income tax
672
642
593
+4.6%
Effective tax rate
35.1%
35.6%
35.7%
Net income
1,241
1,160
1,070
+7.0%
Net margin
11.7%
11.4%
11.3%
Diluted EPS
$40.70
$36.03
$31.57
+13.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,641
n/a
1,341
Capital expenditure
489
481
438
+1.7%
Free cash flow
1,152
n/a
903
Free cash flow margin
10.8%
n/a
9.5%
Cash from investing
-506
n/a
n/a
Cash from financing
-1,117
n/a
n/a
Depreciation and amortisation
297
270
251
+10.2%
Share-based compensation
39.8
41.0
39.4
-2.9%
Buybacks
1,452
1,271
1,099
+14.2%
Diluted shares, weighted
30m
32m
34m
-5.3%
Shares outstanding at period end
29m
31m
32m
-5.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-1,788
-1,701
-1,622
Debt
4,948
4,648
4,344
+6.5%
Other liabilities
5,440
5,156
4,775
+5.5%
Total liabilities and equity
8,600
8,102
7,497
+6.1%
Fixed assets
3,733
3,506
3,310
+6.5%
Goodwill
392
392
368
0.0%
Intangible assets
61.0
69.7
74.9
-12.5%
Cash and equivalents
190
175
124
+8.2%
Receivables
288
248
201
+16.1%
Other assets
3,936
3,712
3,419
+6.0%
Total assets
8,600
8,102
7,497
+6.1%
10-K for the year ended 27 August 2016, filed 24 October 2018: the filing.