O'Reilly Automotive (ORLY) FY2023 results: revenue $15.8 billion, up 9.7% on the year
O'Reilly Automotive, Inc. (ORLY) reported revenue of $15.8 billion for fiscal 2023, the year ended 31 December 2023, up 9.7% on the year before. Net income was $2.3 billion, up 8.0%, and diluted earnings per share $2.56. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$15.8 billion
+9.7% on the year
FY2016FY2023
Operating margin
20.2%
20.5% a year earlier
FY2016FY2023
Net income
$2.3 billion
+8.0% on the year
FY2016FY2023
Diluted EPS
$2.56
+15.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,034
3,148
3,207
-3.6%
Capital expenditure
1,006
563
443
+78.6%
Free cash flow
2,028
2,585
2,764
-21.6%
Free cash flow margin
12.8%
17.9%
20.7%
Cash from investing
-996
-740
-616
Cash from financing
-1,869
-2,663
-2,695
Depreciation and amortisation
409
358
328
+14.3%
Share-based compensation
27.5
26.5
24.7
+4.0%
Buybacks
3,151
3,282
2,476
-4.0%
Diluted shares, weighted
915m
974m
1,044m
-6.1%
Shares outstanding at period end
886m
935m
1,005m
-5.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-1,739
-1,061
-66.4
Debt
5,570
4,372
3,827
+27.4%
Operating lease liabilities
1,881
1,807
1,702
+4.1%
Other liabilities
8,161
7,510
6,256
+8.7%
Total liabilities and equity
13,873
12,628
11,719
+9.9%
Fixed assets
5,037
4,424
4,214
+13.9%
Goodwill
898
884
879
+1.5%
Intangible assets
49.8
46.2
49.2
+7.7%
Cash and equivalents
279
109
362
+157.1%
Receivables
375
343
273
+9.3%
Inventory
4,658
4,359
3,686
+6.9%
Other assets
2,576
2,462
2,256
+4.6%
Total assets
13,873
12,628
11,719
+9.9%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.