Casey's General Stores (CASY) FY2021 results: revenue $8.7 billion, down 5.1% on the year
Casey's General Stores, Inc. (CASY) reported revenue of $8.7 billion for fiscal 2021, the year ended 30 April 2021, down 5.1% on the year before. Net income was $313 million, up 18.6%, and diluted earnings per share $8.38. The figures are the company's own, from the 10-K it filed with the SEC on 25 June 2021.
Revenue
$8.7 billion
-5.1% on the year
FY2014FY2021
Operating margin
8.3%
7.0% a year earlier
FY2014FY2021
Net income
$313 million
+18.6% on the year
FY2014FY2021
Diluted EPS
$8.38
+18.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
8,707
9,175
9,353
-5.1%
Cost of revenue
6,351
7,031
7,398
-9.7%
Gross profit
2,356
2,145
1,955
+9.9%
Gross margin
27.1%
23.4%
20.9%
Operating income
719
647
563
+11.2%
Operating margin
8.3%
7.0%
6.0%
Interest expense
46.7
53.4
55.7
-12.6%
Pre-tax income
n/a
n/a
263
Income tax
94.5
78.2
59.5
+20.8%
Effective tax rate
n/a
n/a
22.6%
Net income
313
264
204
+18.6%
Net margin
3.6%
2.9%
2.2%
Diluted EPS
$8.38
$7.10
$5.51
+18.0%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
804
504
531
+59.4%
Capital expenditure
441
439
395
+0.5%
Free cash flow
363
65.3
136
+455.3%
Free cash flow margin
4.2%
0.7%
1.5%
Cash from investing
-444
-467
-458
Cash from financing
-101
-22.7
-63.2
Depreciation and amortisation
265
251
244
+5.6%
Share-based compensation
32.0
18.1
16.4
+76.4%
Buybacks
0.0
0.0
37.5
Dividends paid
48.0
46.0
41.4
+4.4%
Dividend per share
$1.32
$1.28
$1.16
+3.1%
Diluted shares, weighted
37m
37m
37m
+0.5%
Shares outstanding at period end
37m
37m
37m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,933
1,643
1,409
+17.6%
Debt
1,350
1,405
1,375
-3.9%
Other liabilities
1,178
896
947
+31.4%
Total liabilities and equity
4,460
3,944
3,731
+13.1%
Fixed assets
3,493
3,324
3,122
+5.1%
Goodwill
161
161
157
0.0%
Cash and equivalents
337
78.3
63.3
+330.0%
Receivables
79.7
48.5
37.9
+64.3%
Inventory
287
236
273
+21.4%
Other assets
103
96.2
77.5
+7.0%
Total assets
4,460
3,944
3,731
+13.1%
10-K for the year ended 30 April 2021, filed 25 June 2021: the filing.