O'Reilly Automotive (ORLY) FY2012 results: revenue $6.2 billion, up 6.8% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $6.2 billion for fiscal 2012, the year ended 31 December 2012, up 6.8% on the year before. Net income was $586 million, up 15.4%, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$6.2 billion
+6.8% on the year
FY2008FY2012
Operating margin
15.8%
15.0% a year earlier
FY2008FY2012
Net income
$586 million
+15.4% on the year
FY2008FY2012
Diluted EPS
$0.32
+28.1% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
6,182
5,789
5,398
+6.8%
Cost of revenue
3,085
2,951
2,777
+4.5%
Gross profit
3,097
2,837
2,621
+9.2%
Gross margin
50.1%
49.0%
48.6%
Selling, general and administrative
2,120
1,973
1,887
+7.4%
Operating income
977
867
713
+12.8%
Operating margin
15.8%
15.0%
13.2%
Interest expense
40.2
28.2
39.3
+42.7%
Pre-tax income
942
816
689
+15.4%
Income tax
356
308
270
+15.5%
Effective tax rate
37.8%
37.8%
39.2%
Net income
586
508
419
+15.4%
Net margin
9.5%
8.8%
7.8%
Diluted EPS
$0.32
$0.25
$0.20
+28.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,252
1,119
704
+11.8%
Capital expenditure
301
328
365
-8.4%
Free cash flow
951
791
338
+20.3%
Free cash flow margin
15.4%
13.7%
6.3%
Cash from investing
-317
-320
-351
Cash from financing
-1,048
-468
-350
Depreciation and amortisation
177
166
161
+6.8%
Share-based compensation
22.0
20.6
17.0
+7.0%
Buybacks
1,445
977
0.0
+48.0%
Diluted shares, weighted
1,850m
2,055m
2,130m
-10.0%
Shares outstanding at period end
1,694m
1,908m
2,115m
-11.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,108
2,845
3,210
-25.9%
Debt
1,100
798
359
+37.9%
Other liabilities
2,541
1,858
1,479
+36.7%
Total liabilities and equity
5,749
5,501
5,048
+4.5%
Fixed assets
2,212
2,094
1,930
+5.6%
Goodwill
758
744
744
+1.9%
Intangible assets
22.6
28.1
n/a
-19.4%
Cash and equivalents
248
362
29.7
-31.4%
Receivables
123
135
122
-9.0%
Inventory
2,276
1,986
2,023
+14.6%
Other assets
109
152
199
-28.4%
Total assets
5,749
5,501
5,048
+4.5%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.