Casey's General Stores (CASY) FY2017 results: revenue $7.5 billion, up 5.4% on the year
Casey's General Stores, Inc. (CASY) reported revenue of $7.5 billion for fiscal 2017, the year ended 30 April 2017, up 5.4% on the year before. Net income was $177 million, down 21.5%, and diluted earnings per share $4.48. The figures are the company's own, from the 10-K it filed with the SEC on 29 June 2018.
Revenue
$7.5 billion
+5.4% on the year
FY2010FY2017
Operating margin
6.8%
7.9% a year earlier
FY2010FY2017
Net income
$177 million
-21.5% on the year
FY2010FY2017
Diluted EPS
$4.48
-21.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
7,507
7,122
7,767
+5.4%
Cost of revenue
5,825
5,508
6,327
+5.8%
Gross profit
1,681
1,614
1,440
+4.2%
Gross margin
22.4%
22.7%
18.5%
Operating income
509
560
479
-9.1%
Operating margin
6.8%
7.9%
6.2%
Interest expense
41.5
40.2
41.2
+3.4%
Pre-tax income
270
349
282
-22.7%
Income tax
92.2
123
101
-24.9%
Effective tax rate
34.2%
35.2%
36.0%
Net income
177
226
181
-21.5%
Net margin
2.4%
3.2%
2.3%
Diluted EPS
$4.48
$5.73
$4.62
-21.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
459
472
349
-2.8%
Capital expenditure
433
393
361
+10.3%
Free cash flow
25.9
79.5
-12.1
-67.5%
Free cash flow margin
0.3%
1.1%
-0.2%
Cash from investing
-455
-395
-399
Cash from financing
-3.6
-50.2
-22.6
Depreciation and amortisation
198
171
156
+15.6%
Share-based compensation
10.7
7.4
7.3
+44.3%
Buybacks
47.9
0.0
0.0
Dividends paid
36.8
33.5
30.2
+9.6%
Dividend per share
$0.96
$0.88
$0.80
+9.1%
Diluted shares, weighted
40m
39m
39m
+0.4%
Shares outstanding at period end
39m
39m
39m
-0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,191
1,083
875
+9.9%
Debt
923
838
854
+10.1%
Other liabilities
907
804
741
+12.7%
Total liabilities and equity
3,020
2,726
2,470
+10.8%
Fixed assets
2,513
2,252
2,019
+11.6%
Goodwill
133
129
127
+3.3%
Cash and equivalents
76.7
75.8
48.5
+1.2%
Receivables
43.2
27.7
22.6
+56.1%
Inventory
202
205
197
-1.6%
Other assets
52.5
36.6
55.1
+43.4%
Total assets
3,020
2,726
2,470
+10.8%
10-K for the year ended 30 April 2017, filed 29 June 2018: the filing.