O'Reilly Automotive (ORLY) FY2014 results: revenue $7.2 billion, up 8.5% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $7.2 billion for fiscal 2014, the year ended 31 December 2014, up 8.5% on the year before. Net income was $778 million, up 16.1%, and diluted earnings per share $0.49. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$7.2 billion
+8.5% on the year
FY2008FY2014
Operating margin
17.6%
16.6% a year earlier
FY2008FY2014
Net income
$778 million
+16.1% on the year
FY2008FY2014
Diluted EPS
$0.49
+21.7% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
7,216
6,649
6,182
+8.5%
Cost of revenue
3,507
3,280
3,085
+6.9%
Gross profit
3,709
3,369
3,097
+10.1%
Gross margin
51.4%
50.7%
50.1%
Selling, general and administrative
2,439
2,266
2,120
+7.6%
Operating income
1,270
1,103
977
+15.1%
Operating margin
17.6%
16.6%
15.8%
Interest expense
53.3
49.1
40.2
+8.6%
Pre-tax income
1,222
1,059
942
+15.4%
Income tax
444
389
356
+14.2%
Effective tax rate
36.3%
36.7%
37.8%
Net income
778
670
586
+16.1%
Net margin
10.8%
10.1%
9.5%
Diluted EPS
$0.49
$0.40
$0.32
+21.7%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,190
908
1,252
+31.1%
Capital expenditure
430
396
301
+8.6%
Free cash flow
760
512
951
+48.5%
Free cash flow margin
10.5%
7.7%
15.4%
Cash from investing
-423
-389
-317
Cash from financing
-748
-536
-1,048
Depreciation and amortisation
194
183
177
+6.0%
Share-based compensation
23.1
21.7
22.0
+6.3%
Buybacks
866
933
1,445
-7.1%
Diluted shares, weighted
1,591m
1,667m
1,850m
-4.6%
Shares outstanding at period end
1,524m
1,589m
1,694m
-4.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,018
1,966
2,108
+2.6%
Debt
1,400
1,400
1,100
0.0%
Other liabilities
3,122
2,701
2,541
+15.6%
Total liabilities and equity
6,540
6,067
5,749
+7.8%
Fixed assets
2,659
2,425
2,212
+9.6%
Goodwill
756
756
758
+0.0%
Intangible assets
14.9
18.7
22.6
-20.1%
Cash and equivalents
251
231
248
+8.3%
Receivables
144
132
123
+9.4%
Inventory
2,555
2,375
2,276
+7.6%
Other assets
161
129
109
+24.6%
Total assets
6,540
6,067
5,749
+7.8%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.