O'Reilly Automotive (ORLY) FY2013 results: revenue $6.6 billion, up 7.6% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $6.6 billion for fiscal 2013, the year ended 31 December 2013, up 7.6% on the year before. Net income was $670 million, up 14.4%, and diluted earnings per share $0.40. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$6.6 billion
+7.6% on the year
FY2008FY2013
Operating margin
16.6%
15.8% a year earlier
FY2008FY2013
Net income
$670 million
+14.4% on the year
FY2008FY2013
Diluted EPS
$0.40
+26.9% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
6,649
6,182
5,789
+7.6%
Cost of revenue
3,280
3,085
2,951
+6.3%
Gross profit
3,369
3,097
2,837
+8.8%
Gross margin
50.7%
50.1%
49.0%
Selling, general and administrative
2,266
2,120
1,973
+6.9%
Operating income
1,103
977
867
+12.9%
Operating margin
16.6%
15.8%
15.0%
Interest expense
49.1
40.2
28.2
+22.1%
Pre-tax income
1,059
942
816
+12.5%
Income tax
389
356
308
+9.2%
Effective tax rate
36.7%
37.8%
37.8%
Net income
670
586
508
+14.4%
Net margin
10.1%
9.5%
8.8%
Diluted EPS
$0.40
$0.32
$0.25
+26.9%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
908
1,252
1,119
-27.4%
Capital expenditure
396
301
328
+31.6%
Free cash flow
512
951
791
-46.1%
Free cash flow margin
7.7%
15.4%
13.7%
Cash from investing
-389
-317
-320
Cash from financing
-536
-1,048
-468
Depreciation and amortisation
183
177
166
+3.4%
Share-based compensation
21.7
22.0
20.6
-1.4%
Buybacks
933
1,445
977
-35.4%
Diluted shares, weighted
1,667m
1,850m
2,055m
-9.9%
Shares outstanding at period end
1,589m
1,694m
1,908m
-6.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,966
2,108
2,845
-6.7%
Debt
1,400
1,100
798
+27.3%
Other liabilities
2,701
2,541
1,858
+6.3%
Total liabilities and equity
6,067
5,749
5,501
+5.5%
Fixed assets
2,425
2,212
2,094
+9.7%
Goodwill
756
758
744
-0.3%
Intangible assets
18.7
22.6
28.1
-17.5%
Cash and equivalents
231
248
362
-6.8%
Receivables
132
123
135
+6.9%
Inventory
2,375
2,276
1,986
+4.3%
Other assets
129
109
152
+18.5%
Total assets
6,067
5,749
5,501
+5.5%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.