Autozone (AZO) FY2022 results: revenue $16.3 billion, up 11.1% on the year
Autozone Inc. (AZO) reported revenue of $16.3 billion for fiscal 2022, the year ended 27 August 2022, up 11.1% on the year before. Net income was $2.4 billion, up 11.9%, and diluted earnings per share $117.19. The figures are the company's own, from the 10-K it filed with the SEC on 24 October 2022.
Revenue
$16.3 billion
+11.1% on the year
FY2015FY2022
Operating margin
20.1%
20.1% a year earlier
FY2015FY2022
Net income
$2.4 billion
+11.9% on the year
FY2015FY2022
Diluted EPS
$117.19
+23.1% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,211
3,519
2,720
-8.7%
Capital expenditure
672
622
458
+8.1%
Free cash flow
2,539
2,897
2,262
-12.4%
Free cash flow margin
15.6%
19.8%
17.9%
Cash from investing
-648
-602
-498
Cash from financing
-3,470
-3,500
-644
Depreciation and amortisation
442
408
397
+8.5%
Share-based compensation
70.6
56.1
44.8
+25.8%
Buybacks
4,360
3,378
931
+29.1%
Diluted shares, weighted
21m
23m
24m
-9.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-3,539
-1,798
-878
Debt
6,153
5,300
5,550
+16.1%
Operating lease liabilities
2,838
2,633
2,502
+7.8%
Finance lease liabilities
217
186
156
+16.8%
Other liabilities
9,605
8,195
7,094
+17.2%
Total liabilities and equity
15,275
14,516
14,424
+5.2%
Fixed assets
5,170
4,857
4,509
+6.5%
Goodwill
303
303
303
0.0%
Intangible assets
n/a
n/a
1.4
Securities held for sale or to maturity
113
114
147
-1.2%
Cash and equivalents
264
1,171
1,751
-77.4%
Receivables
505
378
365
+33.4%
Other assets
8,920
7,693
7,348
+16.0%
Total assets
15,275
14,516
14,424
+5.2%
10-K for the year ended 27 August 2022, filed 24 October 2022: the filing.