Casey's General Stores (CASY) FY2013 results: revenue $7.3 billion, up 3.8% on the year
Casey's General Stores, Inc. (CASY) reported revenue of $7.3 billion for fiscal 2013, the year ended 30 April 2013, up 3.8% on the year before. Net income was $104 million, down 9.5%, and diluted earnings per share $2.69. The figures are the company's own, from the 10-K it filed with the SEC on 27 June 2013.
Revenue
$7.3 billion
+3.8% on the year
FY2009FY2013
Operating margin
4.4%
4.5% a year earlier
FY2009FY2013
Net income
$104 million
-9.5% on the year
FY2009FY2013
Diluted EPS
$2.69
-10.0% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
7,251
6,988
5,635
+3.8%
Cost of revenue
6,168
5,984
4,754
+3.1%
Gross profit
1,071
1,000
881
+7.1%
Gross margin
14.8%
14.3%
15.6%
Operating income
322
315
273
+2.1%
Operating margin
4.4%
4.5%
4.9%
Interest expense
35.3
35.2
28.5
+0.2%
Pre-tax income
164
180
151
-9.1%
Income tax
59.8
65.3
56.6
-8.4%
Effective tax rate
36.6%
36.3%
37.4%
Net income
104
115
94.6
-9.5%
Net margin
1.4%
1.6%
1.7%
Diluted EPS
$2.69
$2.99
$2.22
-10.0%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
286
295
261
-2.9%
Capital expenditure
305
241
215
+26.7%
Free cash flow
-19.0
54.0
46.9
Free cash flow margin
-0.3%
0.8%
0.8%
Cash from investing
-331
-278
-326
Cash from financing
30.3
-20.4
-28.0
Depreciation and amortisation
112
96.6
82.4
+15.8%
Share-based compensation
4.3
3.8
2.1
+12.6%
Buybacks
n/a
n/a
501
Dividends paid
24.7
22.8
20.5
+8.0%
Dividend per share
$0.66
$0.60
$0.51
+10.0%
Diluted shares, weighted
39m
38m
43m
+0.6%
Shares outstanding at period end
38m
38m
38m
+0.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
593
504
404
+17.7%
Debt
728
679
680
+7.3%
Other liabilities
669
592
527
+12.9%
Total liabilities and equity
1,990
1,775
1,611
+12.1%
Fixed assets
1,582
1,379
1,217
+14.7%
Goodwill
115
104
88.0
+10.0%
Cash and equivalents
41.3
55.9
59.6
-26.2%
Receivables
20.9
21.7
20.2
-3.7%
Inventory
190
171
159
+11.0%
Other assets
41.8
43.3
66.7
-3.5%
Total assets
1,990
1,775
1,611
+12.1%
10-K for the year ended 30 April 2013, filed 27 June 2013: the filing.