Casey's General Stores (CASY) FY2018 results: revenue $8.4 billion, up 11.8% on the year
Casey's General Stores, Inc. (CASY) reported revenue of $8.4 billion for fiscal 2018, the year ended 30 April 2018, up 11.8% on the year before. Net income was $318 million, up 79.1%, and diluted earnings per share $8.34. The figures are the company's own, from the 10-K it filed with the SEC on 29 June 2018.
Revenue
$8.4 billion
+11.8% on the year
FY2011FY2018
Operating margin
5.8%
6.8% a year earlier
FY2011FY2018
Net income
$318 million
+79.1% on the year
FY2011FY2018
Diluted EPS
$8.34
+86.2% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
8,391
7,507
7,122
+11.8%
Cost of revenue
6,622
5,825
5,508
+13.7%
Gross profit
1,769
1,681
1,614
+5.2%
Gross margin
21.1%
22.4%
22.7%
Operating income
486
509
560
-4.4%
Operating margin
5.8%
6.8%
7.9%
Interest expense
50.9
41.5
40.2
+22.6%
Pre-tax income
214
270
349
-20.5%
Income tax
-103
92.2
123
Effective tax rate
-48.3%
34.2%
35.2%
Net income
318
177
226
+79.1%
Net margin
3.8%
2.4%
3.2%
Diluted EPS
$8.34
$4.48
$5.73
+86.2%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
420
459
472
-8.6%
Capital expenditure
577
433
393
+33.2%
Free cash flow
-158
25.9
79.5
Free cash flow margin
-1.9%
0.3%
1.1%
Cash from investing
-609
-455
-395
Cash from financing
166
-3.6
-50.2
Depreciation and amortisation
221
198
171
+11.8%
Share-based compensation
18.8
10.7
7.4
+75.8%
Buybacks
215
47.9
0.0
+348.3%
Dividends paid
38.8
36.8
33.5
+5.5%
Dividend per share
$1.04
$0.96
$0.88
+8.3%
Diluted shares, weighted
38m
40m
39m
-3.7%
Shares outstanding at period end
37m
39m
39m
-4.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,271
1,191
1,083
+6.8%
Debt
1,347
923
838
+45.9%
Other liabilities
852
907
804
-6.0%
Total liabilities and equity
3,470
3,020
2,726
+14.9%
Fixed assets
2,903
2,513
2,252
+15.5%
Goodwill
140
133
129
+5.6%
Cash and equivalents
53.7
76.7
75.8
-30.0%
Receivables
45.0
43.2
27.7
+4.2%
Inventory
242
202
205
+19.8%
Other assets
86.4
52.5
36.6
+64.4%
Total assets
3,470
3,020
2,726
+14.9%
10-K for the year ended 30 April 2018, filed 29 June 2018: the filing.