10-Q Filing

O REILLY AUTOMOTIVE INC CIK: 898173 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000898173-18-000168`
Period End Date	20180630
Filing Date	20180808
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	orly-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 64 Cash Flow Statement 64

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	245.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	245.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$216.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	80.99M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$241.14M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	84.30M	shares	Point-in-time
Amounts receivable from suppliers	`NontradeReceivablesCurrent`	$76.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	80.99M	shares	Point-in-time
Amounts receivable from suppliers	`NontradeReceivablesCurrent`	$78.95M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	84.30M	shares	Point-in-time
Inventory	`InventoryNet`	$3.01B	USD	Point-in-time
Inventory	`InventoryNet`	$3.09B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$49.04M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$52.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.40B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.50B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$5.38B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$5.19B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.85B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.95B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$3.43B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$3.34B	USD	Point-in-time
Goodwill	`Goodwill`	$789.10M	USD	Point-in-time
Goodwill	`Goodwill`	$789.06M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$41.35M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$42.03M	USD	Point-in-time
Total assets	`Assets`	$7.57B	USD	Point-in-time
Total assets	`Assets`	$7.77B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.19B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.31B	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveCurrent`	$71.69M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveCurrent`	$74.02M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$81.25M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$77.15M	USD	Point-in-time
Accrued benefits and withholdings	`AccruedBenefitsAndWithholdings`	$73.01M	USD	Point-in-time
Accrued benefits and withholdings	`AccruedBenefitsAndWithholdings`	$69.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$13.68M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$239.19M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$262.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.82B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.65B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.25B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.98B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$85.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$94.43M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$214.86M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$207.68M	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares - 245,000,000; Issued and outstanding shares - 80,987,794 as of June 30, 2018, and 84,302,187 as of December 31, 2017	`CommonStockValue`	$843.00K	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares - 245,000,000; Issued and outstanding shares - 80,987,794 as of June 30, 2018, and 84,302,187 as of December 31, 2017	`CommonStockValue`	$810.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.25B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.27B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-863.66M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-612.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$653.05M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$384.99M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.77B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.57B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.29B	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.45B	USD	2 Qtrs
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.74B	USD	2 Qtrs
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.46B	USD	1 Quarter
Cost of goods sold, including warehouse and distribution expenses	`CostOfGoodsAndServicesSold`	$2.25B	USD	2 Qtrs
Cost of goods sold, including warehouse and distribution expenses	`CostOfGoodsAndServicesSold`	$1.09B	USD	1 Quarter
Cost of goods sold, including warehouse and distribution expenses	`CostOfGoodsAndServicesSold`	$1.17B	USD	1 Quarter
Cost of goods sold, including warehouse and distribution expenses	`CostOfGoodsAndServicesSold`	$2.12B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.20B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.29B	USD	1 Quarter
Gross profit	`GrossProfit`	$2.49B	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.33B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.47B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$809.49M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$742.62M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.59B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$457.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$860.60M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$479.15M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$902.00M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$30.86M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$40.23M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$59.08M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$20.83M	USD	1 Quarter
Interest income	`OtherInterestAndDividendIncome`	$1.17M	USD	2 Qtrs
Interest income	`OtherInterestAndDividendIncome`	$597.00K	USD	1 Quarter
Interest income	`OtherInterestAndDividendIncome`	$1.18M	USD	2 Qtrs
Interest income	`OtherInterestAndDividendIncome`	$470.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$1.19M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-762.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$988.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-21.12M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-39.05M	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-56.72M	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-29.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$845.28M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$821.55M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$436.33M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$449.87M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$153.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$187.30M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$96.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$273.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$657.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$353.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$547.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$282.82M	USD	1 Quarter
Earnings per share - basic	`EarningsPerShareBasic`	$3.14	USD	1 Quarter
Earnings per share - basic	`EarningsPerShareBasic`	$4.32	USD	1 Quarter
Earnings per share - basic	`EarningsPerShareBasic`	$6.02	USD	2 Qtrs
Earnings per share - basic	`EarningsPerShareBasic`	$7.96	USD	2 Qtrs
Weighted-average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	82.62M	shares	2 Qtrs
Weighted-average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	90.03M	shares	1 Quarter
Weighted-average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.73M	shares	1 Quarter
Weighted-average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	91.01M	shares	2 Qtrs
Earnings per share - assuming dilution	`EarningsPerShareDiluted`	$7.89	USD	2 Qtrs
Earnings per share - assuming dilution	`EarningsPerShareDiluted`	$4.28	USD	1 Quarter
Earnings per share - assuming dilution	`EarningsPerShareDiluted`	$3.10	USD	1 Quarter
Earnings per share - assuming dilution	`EarningsPerShareDiluted`	$5.93	USD	2 Qtrs
Weighted-average common shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.30M	shares	1 Quarter
Weighted-average common shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.35M	shares	2 Qtrs
Weighted-average common shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.43M	shares	2 Qtrs
Weighted-average common shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.54M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$657.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$353.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$547.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$282.82M	USD	1 Quarter
Depreciation and amortization of property, equipment and intangibles	`DepreciationDepletionAndAmortization`	$114.96M	USD	2 Qtrs
Depreciation and amortization of property, equipment and intangibles	`DepreciationDepletionAndAmortization`	$130.79M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.65M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.34M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.05M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$9.02M	USD	2 Qtrs
Share-based compensation programs	`ShareBasedCompensation`	$10.15M	USD	2 Qtrs
Share-based compensation programs	`ShareBasedCompensation`	$10.35M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-6.04M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-4.65M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.80M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$29.55M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$179.87M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$81.61M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$155.12M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$124.64M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$58.17M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$26.44M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-21.07M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$624.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$710.51M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$875.23M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$227.51M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$224.12M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.94M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$752.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$424.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.97M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-221.60M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-228.72M	USD	2 Qtrs
Proceeds from borrowings on revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$1.78B	USD	2 Qtrs
Proceeds from borrowings on revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$1.43B	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$1.07B	USD	2 Qtrs
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$1.65B	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$498.66M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.83M	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.92M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$965.87M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.34B	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromStockPlans`	$31.18M	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromStockPlans`	$26.72M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-156.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.16M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-601.86M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-663.11M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.48M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-120.07M	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.53M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$46.35M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$36.87M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$146.60M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.53M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$46.35M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$36.87M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$146.60M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$203.78M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$150.99M	USD	2 Qtrs
Interest paid, net of capitalized interest	`InterestPaidNet`	$37.15M	USD	2 Qtrs
Interest paid, net of capitalized interest	`InterestPaidNet`	$55.56M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.