Casey's General Stores (CASY) FY2014 results: revenue $7.8 billion, up 8.1% on the year
Casey's General Stores, Inc. (CASY) reported revenue of $7.8 billion for fiscal 2014, the year ended 30 April 2014, up 8.1% on the year before. Net income was $127 million, up 22.2%, and diluted earnings per share $3.26. The figures are the company's own, from the 10-K it filed with the SEC on 27 June 2014.
Revenue
$7.8 billion
+8.1% on the year
FY2009FY2014
Operating margin
4.8%
4.4% a year earlier
FY2009FY2014
Net income
$127 million
+22.2% on the year
FY2009FY2014
Diluted EPS
$3.26
+21.2% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
7,840
7,251
6,988
+8.1%
Cost of revenue
6,606
6,168
5,984
+7.1%
Gross profit
1,222
1,071
1,000
+14.1%
Gross margin
15.6%
14.8%
14.3%
Operating income
377
322
315
+17.1%
Operating margin
4.8%
4.4%
4.5%
Interest expense
39.9
35.3
35.2
+13.2%
Pre-tax income
194
164
180
+18.4%
Income tax
66.8
59.8
65.3
+11.7%
Effective tax rate
34.5%
36.6%
36.3%
Net income
127
104
115
+22.2%
Net margin
1.6%
1.4%
1.6%
Diluted EPS
$3.26
$2.69
$2.99
+21.2%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
314
286
295
+9.7%
Capital expenditure
309
305
241
+1.1%
Free cash flow
5.5
-19.0
54.0
Free cash flow margin
0.1%
-0.3%
0.8%
Cash from investing
-337
-331
-278
Cash from financing
103
30.3
-20.4
+240.2%
Depreciation and amortisation
131
112
96.6
+17.3%
Share-based compensation
5.6
4.3
3.8
+31.1%
Dividends paid
27.1
24.7
22.8
+9.8%
Dividend per share
$0.72
$0.66
$0.60
+9.1%
Diluted shares, weighted
39m
39m
38m
+0.6%
Shares outstanding at period end
39m
38m
38m
+0.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
703
593
504
+18.5%
Debt
854
728
679
+17.3%
Other liabilities
747
669
592
+11.8%
Total liabilities and equity
2,305
1,990
1,775
+15.8%
Fixed assets
1,779
1,582
1,379
+12.5%
Goodwill
120
115
104
+4.9%
Cash and equivalents
122
41.3
55.9
+194.7%
Receivables
25.8
20.9
21.7
+23.6%
Inventory
205
190
171
+8.1%
Other assets
53.2
41.8
43.3
+27.3%
Total assets
2,305
1,990
1,775
+15.8%
10-K for the year ended 30 April 2014, filed 27 June 2014: the filing.