O'Reilly Automotive (ORLY) FY2018 results: revenue $9.5 billion, up 6.2% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $9.5 billion for fiscal 2018, the year ended 31 December 2018, up 6.2% on the year before. Net income was $1.3 billion, up 16.8%, and diluted earnings per share $1.07. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$9.5 billion
+6.2% on the year
FY2011FY2018
Operating margin
19.0%
19.2% a year earlier
FY2011FY2018
Net income
$1.3 billion
+16.8% on the year
FY2011FY2018
Diluted EPS
$1.07
+27.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
9,536
8,978
8,593
+6.2%
Cost of revenue
4,496
4,257
4,084
+5.6%
Gross profit
5,040
4,721
4,509
+6.8%
Gross margin
52.8%
52.6%
52.5%
Selling, general and administrative
3,225
2,995
2,810
+7.7%
Operating income
1,815
1,725
1,699
+5.2%
Operating margin
19.0%
19.2%
19.8%
Interest expense
122
91.3
70.9
+33.7%
Pre-tax income
1,694
1,638
1,637
+3.4%
Income tax
370
504
600
-26.7%
Effective tax rate
21.8%
30.8%
36.6%
Net income
1,324
1,134
1,038
+16.8%
Net margin
13.9%
12.6%
12.1%
Diluted EPS
$1.07
$0.84
$0.72
+27.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,728
1,404
1,511
+23.1%
Capital expenditure
504
466
476
+8.2%
Free cash flow
1,223
938
1,034
+30.4%
Free cash flow margin
12.8%
10.4%
12.0%
Cash from investing
-534
-464
-529
Cash from financing
-1,208
-1,040
-951
Depreciation and amortisation
259
234
218
+10.7%
Share-based compensation
20.2
19.4
18.9
+4.0%
Buybacks
1,714
2,173
1,505
-21.1%
Diluted shares, weighted
1,234m
1,343m
1,451m
-8.1%
Shares outstanding at period end
1,186m
1,265m
1,393m
-6.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
354
653
1,627
-45.8%
Debt
3,417
2,978
1,900
+14.7%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
4,210
3,940
3,677
+6.8%
Total liabilities and equity
7,981
7,572
7,204
+5.4%
Fixed assets
3,587
3,344
3,123
+7.3%
Goodwill
807
789
785
+2.3%
Intangible assets
8.4
9.4
11.3
-10.1%
Cash and equivalents
31.3
46.3
147
-32.4%
Receivables
192
216
197
-11.2%
Inventory
3,193
3,010
2,779
+6.1%
Other assets
161
157
161
+2.7%
Total assets
7,981
7,572
7,204
+5.4%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.