O'Reilly Automotive (ORLY) FY2016 results: revenue $8.6 billion, up 7.9% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $8.6 billion for fiscal 2016, the year ended 31 December 2016, up 7.9% on the year before. Net income was $1.0 billion, up 11.4%, and diluted earnings per share $0.72. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$8.6 billion
+7.9% on the year
FY2009FY2016
Operating margin
19.8%
19.0% a year earlier
FY2009FY2016
Net income
$1.0 billion
+11.4% on the year
FY2009FY2016
Diluted EPS
$0.72
+17.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
8,593
7,967
7,216
+7.9%
Cost of revenue
4,084
3,804
3,507
+7.4%
Gross profit
4,509
4,163
3,709
+8.3%
Gross margin
52.5%
52.3%
51.4%
Selling, general and administrative
2,810
2,649
2,439
+6.1%
Operating income
1,699
1,514
1,270
+12.2%
Operating margin
19.8%
19.0%
17.6%
Interest expense
70.9
57.1
53.3
+24.2%
Pre-tax income
1,637
1,460
1,222
+12.1%
Income tax
600
529
444
+13.3%
Effective tax rate
36.6%
36.2%
36.3%
Net income
1,038
931
778
+11.4%
Net margin
12.1%
11.7%
10.8%
Diluted EPS
$0.72
$0.61
$0.49
+17.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,511
1,345
1,190
+12.3%
Capital expenditure
476
414
430
+15.1%
Free cash flow
1,034
931
760
+11.0%
Free cash flow margin
12.0%
11.7%
10.5%
Cash from investing
-529
-407
-423
Cash from financing
-951
-1,073
-748
Depreciation and amortisation
218
210
194
+3.6%
Share-based compensation
18.9
21.9
23.1
-13.9%
Buybacks
1,505
1,136
866
+32.5%
Diluted shares, weighted
1,451m
1,523m
1,591m
-4.7%
Shares outstanding at period end
1,393m
1,466m
1,524m
-5.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,627
1,961
2,018
-17.0%
Debt
1,900
1,400
1,400
+35.7%
Other liabilities
3,677
3,315
3,122
+10.9%
Total liabilities and equity
7,204
6,677
6,540
+7.9%
Fixed assets
3,123
2,862
2,659
+9.2%
Goodwill
785
757
756
+3.7%
Intangible assets
11.3
12.4
14.9
-8.7%
Cash and equivalents
147
116
251
+26.1%
Receivables
197
161
144
+22.5%
Inventory
2,779
2,631
2,555
+5.6%
Other assets
161
137
161
+17.5%
Total assets
7,204
6,677
6,540
+7.9%
10-K for the year ended 31 December 2016, filed 27 February 2019: the filing.