Autozone (AZO) FY2017 results: revenue $10.9 billion, up 2.4% on the year
Autozone Inc. (AZO) reported revenue of $10.9 billion for fiscal 2017, the year ended 26 August 2017, up 2.4% on the year before. Net income was $1.3 billion, up 3.2%, and diluted earnings per share $44.07. The figures are the company's own, from the 10-K it filed with the SEC on 24 October 2018.
Revenue
$10.9 billion
+2.4% on the year
FY2010FY2017
Operating margin
19.1%
19.4% a year earlier
FY2010FY2017
Net income
$1.3 billion
+3.2% on the year
FY2010FY2017
Diluted EPS
$44.07
+8.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
10,889
10,636
10,187
+2.4%
Cost of revenue
5,149
5,027
4,860
+2.4%
Gross profit
5,740
5,609
5,327
+2.3%
Gross margin
52.7%
52.7%
52.3%
Selling, general and administrative
3,660
3,548
3,374
+3.1%
Operating income
2,080
2,060
1,953
+1.0%
Operating margin
19.1%
19.4%
19.2%
Interest expense
159
151
153
+5.5%
Pre-tax income
1,925
1,913
1,803
+0.7%
Income tax
645
672
642
-4.0%
Effective tax rate
33.5%
35.1%
35.6%
Net income
1,281
1,241
1,160
+3.2%
Net margin
11.8%
11.7%
11.4%
Diluted EPS
$44.07
$40.70
$36.03
+8.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,571
1,641
n/a
-4.3%
Capital expenditure
554
489
481
+13.3%
Free cash flow
1,017
1,152
n/a
-11.8%
Free cash flow margin
9.3%
10.8%
n/a
Cash from investing
-554
-506
n/a
Cash from financing
-914
-1,117
n/a
Depreciation and amortisation
323
297
270
+8.6%
Share-based compensation
38.2
39.8
41.0
-4.0%
Buybacks
1,072
1,452
1,271
-26.2%
Diluted shares, weighted
29m
30m
32m
-4.7%
Shares outstanding at period end
28m
29m
31m
-4.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-1,428
-1,788
-1,701
Debt
5,105
4,948
4,648
+3.2%
Other liabilities
5,583
5,440
5,156
+2.6%
Total liabilities and equity
9,260
8,600
8,102
+7.7%
Fixed assets
4,031
3,733
3,506
+8.0%
Goodwill
392
392
392
0.0%
Intangible assets
52.5
61.0
69.7
-13.9%
Cash and equivalents
293
190
175
+54.6%
Receivables
281
288
248
-2.4%
Other assets
4,210
3,936
3,712
+7.0%
Total assets
9,260
8,600
8,102
+7.7%
10-K for the year ended 26 August 2017, filed 24 October 2018: the filing.