Autozone (AZO) FY2018 results: revenue $11.2 billion, up 3.1% on the year
Autozone Inc. (AZO) reported revenue of $11.2 billion for fiscal 2018, the year ended 25 August 2018, up 3.1% on the year before. Net income was $1.3 billion, up 4.4%, and diluted earnings per share $48.77. The figures are the company's own, from the 10-K it filed with the SEC on 24 October 2018.
Revenue
$11.2 billion
+3.1% on the year
FY2011FY2018
Operating margin
16.1%
19.1% a year earlier
FY2011FY2018
Net income
$1.3 billion
+4.4% on the year
FY2011FY2018
Diluted EPS
$48.77
+10.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
11,221
10,889
10,636
+3.1%
Cost of revenue
5,247
5,149
5,027
+1.9%
Gross profit
5,974
5,740
5,609
+4.1%
Gross margin
53.2%
52.7%
52.7%
Selling, general and administrative
4,163
3,660
3,548
+13.8%
Operating income
1,811
2,080
2,060
-12.9%
Operating margin
16.1%
19.1%
19.4%
Interest expense
182
159
151
+14.0%
Pre-tax income
1,636
1,925
1,913
-15.0%
Income tax
299
645
672
-53.6%
Effective tax rate
18.3%
33.5%
35.1%
Net income
1,338
1,281
1,241
+4.4%
Net margin
11.9%
11.8%
11.7%
Diluted EPS
$48.77
$44.07
$40.70
+10.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,080
1,571
1,641
+32.5%
Capital expenditure
522
554
489
-5.8%
Free cash flow
1,559
1,017
1,152
+53.3%
Free cash flow margin
13.9%
9.3%
10.8%
Cash from investing
-522
-554
-506
Cash from financing
-1,632
-914
-1,117
Depreciation and amortisation
345
323
297
+6.8%
Share-based compensation
43.7
38.2
39.8
+14.2%
Buybacks
1,592
1,072
1,452
+48.6%
Diluted shares, weighted
27m
29m
30m
-5.6%
Shares outstanding at period end
26m
28m
29m
-7.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-1,520
-1,428
-1,788
Debt
5,025
5,105
4,948
-1.6%
Other liabilities
5,842
5,583
5,440
+4.6%
Total liabilities and equity
9,347
9,260
8,600
+0.9%
Fixed assets
4,218
4,031
3,733
+4.6%
Goodwill
303
392
392
-22.8%
Intangible assets
9.8
52.5
61.0
-81.4%
Cash and equivalents
218
293
190
-25.7%
Receivables
258
281
288
-8.0%
Other assets
4,340
4,210
3,936
+3.1%
Total assets
9,347
9,260
8,600
+0.9%
10-K for the year ended 25 August 2018, filed 24 October 2018: the filing.