O'Reilly Automotive (ORLY) FY2017 results: revenue $9.0 billion, up 4.5% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $9.0 billion for fiscal 2017, the year ended 31 December 2017, up 4.5% on the year before. Net income was $1.1 billion, up 9.3%, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$9.0 billion
+4.5% on the year
FY2010FY2017
Operating margin
19.2%
19.8% a year earlier
FY2010FY2017
Net income
$1.1 billion
+9.3% on the year
FY2010FY2017
Diluted EPS
$0.84
+18.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
8,978
8,593
7,967
+4.5%
Cost of revenue
4,257
4,084
3,804
+4.2%
Gross profit
4,721
4,509
4,163
+4.7%
Gross margin
52.6%
52.5%
52.3%
Selling, general and administrative
2,995
2,810
2,649
+6.6%
Operating income
1,725
1,699
1,514
+1.5%
Operating margin
19.2%
19.8%
19.0%
Interest expense
91.3
70.9
57.1
+28.8%
Pre-tax income
1,638
1,637
1,460
+0.0%
Income tax
504
600
529
-15.9%
Effective tax rate
30.8%
36.6%
36.2%
Net income
1,134
1,038
931
+9.3%
Net margin
12.6%
12.1%
11.7%
Diluted EPS
$0.84
$0.72
$0.61
+18.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,404
1,511
1,345
-7.1%
Capital expenditure
466
476
414
-2.2%
Free cash flow
938
1,034
931
-9.3%
Free cash flow margin
10.4%
12.0%
11.7%
Cash from investing
-464
-529
-407
Cash from financing
-1,040
-951
-1,073
Depreciation and amortisation
234
218
210
+7.3%
Share-based compensation
19.4
18.9
21.9
+2.9%
Buybacks
2,173
1,505
1,136
+44.3%
Diluted shares, weighted
1,343m
1,451m
1,523m
-7.5%
Shares outstanding at period end
1,265m
1,393m
1,466m
-9.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
653
1,627
1,961
-59.9%
Debt
2,978
1,900
1,400
+56.8%
Other liabilities
3,940
3,677
3,315
+7.2%
Total liabilities and equity
7,572
7,204
6,677
+5.1%
Fixed assets
3,344
3,123
2,862
+7.1%
Goodwill
789
785
757
+0.5%
Intangible assets
9.4
11.3
12.4
-17.1%
Cash and equivalents
46.3
147
116
-68.4%
Receivables
216
197
161
+9.6%
Inventory
3,010
2,779
2,631
+8.3%
Other assets
157
161
137
-2.5%
Total assets
7,572
7,204
6,677
+5.1%
10-K for the year ended 31 December 2017, filed 27 February 2019: the filing.