O'Reilly Automotive (ORLY) FY2015 results: revenue $8.0 billion, up 10.4% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $8.0 billion for fiscal 2015, the year ended 31 December 2015, up 10.4% on the year before. Net income was $931 million, up 19.7%, and diluted earnings per share $0.61. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$8.0 billion
+10.4% on the year
FY2008FY2015
Operating margin
19.0%
17.6% a year earlier
FY2008FY2015
Net income
$931 million
+19.7% on the year
FY2008FY2015
Diluted EPS
$0.61
+24.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
7,967
7,216
6,649
+10.4%
Cost of revenue
3,804
3,507
3,280
+8.5%
Gross profit
4,163
3,709
3,369
+12.2%
Gross margin
52.3%
51.4%
50.7%
Selling, general and administrative
2,649
2,439
2,266
+8.6%
Operating income
1,514
1,270
1,103
+19.2%
Operating margin
19.0%
17.6%
16.6%
Interest expense
57.1
53.3
49.1
+7.2%
Pre-tax income
1,460
1,222
1,059
+19.5%
Income tax
529
444
389
+19.2%
Effective tax rate
36.2%
36.3%
36.7%
Net income
931
778
670
+19.7%
Net margin
11.7%
10.8%
10.1%
Diluted EPS
$0.61
$0.49
$0.40
+24.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,345
1,190
908
+13.0%
Capital expenditure
414
430
396
-3.7%
Free cash flow
931
760
512
+22.5%
Free cash flow margin
11.7%
10.5%
7.7%
Cash from investing
-407
-423
-389
Cash from financing
-1,073
-748
-536
Depreciation and amortisation
210
194
183
+8.3%
Share-based compensation
21.9
23.1
21.7
-5.2%
Buybacks
1,136
866
933
+31.1%
Diluted shares, weighted
1,523m
1,591m
1,667m
-4.3%
Shares outstanding at period end
1,466m
1,524m
1,589m
-3.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,961
2,018
1,966
-2.8%
Debt
1,400
1,400
1,400
0.0%
Other liabilities
3,315
3,122
2,701
+6.2%
Total liabilities and equity
6,677
6,540
6,067
+2.1%
Fixed assets
2,862
2,659
2,425
+7.6%
Goodwill
757
756
756
+0.1%
Intangible assets
12.4
14.9
18.7
-16.8%
Cash and equivalents
116
251
231
-53.6%
Receivables
161
144
132
+11.9%
Inventory
2,631
2,555
2,375
+3.0%
Other assets
137
161
129
-14.9%
Total assets
6,677
6,540
6,067
+2.1%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.