Autozone (AZO) FY2023 results: revenue $17.5 billion, up 7.4% on the year
Autozone Inc. (AZO) reported revenue of $17.5 billion for fiscal 2023, the year ended 26 August 2023, up 7.4% on the year before. Net income was $2.5 billion, up 4.1%, and diluted earnings per share $132.36. The figures are the company's own, from the 10-K it filed with the SEC on 24 October 2023.
Revenue
$17.5 billion
+7.4% on the year
FY2016FY2023
Operating margin
19.9%
20.1% a year earlier
FY2016FY2023
Net income
$2.5 billion
+4.1% on the year
FY2016FY2023
Diluted EPS
$132.36
+12.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,941
3,211
3,519
-8.4%
Capital expenditure
797
672
622
+18.5%
Free cash flow
2,144
2,539
2,897
-15.5%
Free cash flow margin
12.3%
15.6%
19.8%
Cash from investing
-876
-648
-602
Cash from financing
-2,060
-3,470
-3,500
Depreciation and amortisation
498
442
408
+12.5%
Share-based compensation
93.1
70.6
56.1
+31.8%
Buybacks
3,700
4,360
3,378
-15.1%
Diluted shares, weighted
19m
21m
23m
-7.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-4,350
-3,539
-1,798
Debt
7,710
6,153
5,300
+25.3%
Operating lease liabilities
2,917
2,838
2,633
+2.8%
Finance lease liabilities
201
217
186
-7.7%
Other liabilities
9,508
9,605
8,195
-1.0%
Total liabilities and equity
15,986
15,275
14,516
+4.7%
Fixed assets
5,597
5,170
4,857
+8.2%
Goodwill
303
303
303
0.0%
Securities held for sale or to maturity
122
113
114
+8.0%
Cash and equivalents
277
264
1,171
+4.8%
Receivables
520
505
378
+3.1%
Other assets
9,168
8,920
7,693
+2.8%
Total assets
15,986
15,275
14,516
+4.7%
10-K for the year ended 26 August 2023, filed 24 October 2023: the filing.