O'Reilly Automotive (ORLY) FY2020 results: revenue $11.6 billion, up 14.3% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $11.6 billion for fiscal 2020, the year ended 31 December 2020, up 14.3% on the year before. Net income was $1.8 billion, up 26.0%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$11.6 billion
+14.3% on the year
FY2013FY2020
Operating margin
20.8%
18.9% a year earlier
FY2013FY2020
Net income
$1.8 billion
+26.0% on the year
FY2013FY2020
Diluted EPS
$1.57
+31.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
11,604
10,150
9,536
+14.3%
Cost of revenue
5,519
4,755
4,496
+16.1%
Gross profit
6,086
5,395
5,040
+12.8%
Gross margin
52.4%
53.1%
52.8%
Selling, general and administrative
3,666
3,474
3,225
+5.5%
Operating income
2,419
1,921
1,815
+26.0%
Operating margin
20.8%
18.9%
19.0%
Interest expense
161
140
122
+15.1%
Pre-tax income
2,266
1,790
1,694
+26.6%
Income tax
514
399
370
+28.8%
Effective tax rate
22.7%
22.3%
21.8%
Net income
1,752
1,391
1,324
+26.0%
Net margin
15.1%
13.7%
13.9%
Diluted EPS
$1.57
$1.19
$1.07
+31.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,837
1,708
1,728
+66.0%
Capital expenditure
466
628
504
-25.9%
Free cash flow
2,371
1,080
1,223
+119.5%
Free cash flow margin
20.4%
10.6%
12.8%
Cash from investing
-615
-797
-534
Cash from financing
-1,797
-903
-1,208
Depreciation and amortisation
315
271
259
+16.2%
Share-based compensation
22.7
21.9
20.2
+3.8%
Buybacks
2,087
1,433
1,714
+45.7%
Diluted shares, weighted
1,117m
1,167m
1,234m
-4.3%
Shares outstanding at period end
1,067m
1,134m
1,186m
-5.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
140
397
354
-64.7%
Debt
4,123
3,891
3,417
+6.0%
Operating lease liabilities
1,719
1,655
0.0
+3.8%
Other liabilities
5,614
4,774
4,210
+17.6%
Total liabilities and equity
11,597
10,717
7,981
+8.2%
Fixed assets
4,095
3,948
3,587
+3.7%
Goodwill
881
937
807
-6.0%
Intangible assets
56.3
1.8
8.4
+3,047.3%
Cash and equivalents
466
40.4
31.3
+1,052.4%
Receivables
230
215
192
+6.9%
Inventory
3,653
3,454
3,193
+5.8%
Other assets
2,216
2,121
161
+4.5%
Total assets
11,597
10,717
7,981
+8.2%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.