O'Reilly Automotive (ORLY) FY2019 results: revenue $10.1 billion, up 6.4% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $10.1 billion for fiscal 2019, the year ended 31 December 2019, up 6.4% on the year before. Net income was $1.4 billion, up 5.0%, and diluted earnings per share $1.19. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$10.1 billion
+6.4% on the year
FY2012FY2019
Operating margin
18.9%
19.0% a year earlier
FY2012FY2019
Net income
$1.4 billion
+5.0% on the year
FY2012FY2019
Diluted EPS
$1.19
+11.1% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
10,150
9,536
8,978
+6.4%
Cost of revenue
4,755
4,496
4,257
+5.8%
Gross profit
5,395
5,040
4,721
+7.0%
Gross margin
53.1%
52.8%
52.6%
Selling, general and administrative
3,474
3,225
2,995
+7.7%
Operating income
1,921
1,815
1,725
+5.8%
Operating margin
18.9%
19.0%
19.2%
Interest expense
140
122
91.3
+14.6%
Pre-tax income
1,790
1,694
1,638
+5.7%
Income tax
399
370
504
+8.0%
Effective tax rate
22.3%
21.8%
30.8%
Net income
1,391
1,324
1,134
+5.0%
Net margin
13.7%
13.9%
12.6%
Diluted EPS
$1.19
$1.07
$0.84
+11.1%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,708
1,728
1,404
-1.1%
Capital expenditure
628
504
466
+24.5%
Free cash flow
1,080
1,223
938
-11.7%
Free cash flow margin
10.6%
12.8%
10.4%
Cash from investing
-797
-534
-464
Cash from financing
-903
-1,208
-1,040
Depreciation and amortisation
271
259
234
+4.6%
Share-based compensation
21.9
20.2
19.4
+8.6%
Buybacks
1,433
1,714
2,173
-16.4%
Diluted shares, weighted
1,167m
1,234m
1,343m
-5.5%
Shares outstanding at period end
1,134m
1,186m
1,265m
-4.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
397
354
653
+12.3%
Debt
3,891
3,417
2,978
+13.9%
Operating lease liabilities
1,655
0.0
n/a
Other liabilities
4,774
4,210
3,940
+13.4%
Total liabilities and equity
10,717
7,981
7,572
+34.3%
Fixed assets
3,948
3,587
3,344
+10.1%
Goodwill
937
807
789
+16.0%
Intangible assets
1.8
8.4
9.4
-78.8%
Cash and equivalents
40.4
31.3
46.3
+29.0%
Receivables
215
192
216
+11.9%
Inventory
3,454
3,193
3,010
+8.2%
Other assets
2,121
161
157
+1,214.1%
Total assets
10,717
7,981
7,572
+34.3%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.