10-Q Filing

O REILLY AUTOMOTIVE INC CIK: 898173 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000898173-19-000089`
Period End Date	20190331
Filing Date	20190506
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	orly-20190331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 32 Cash Flow Statement 58 Stockholders Equity 24

Balance Sheet 72 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`	$46.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.72M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	245.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.52M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$250.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$192.03M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.26M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	79.04M	shares	Point-in-time
Amounts receivable from suppliers	`NontradeReceivablesCurrent`	$66.45M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	78.26M	shares	Point-in-time
Amounts receivable from suppliers	`NontradeReceivablesCurrent`	$78.16M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	79.04M	shares	Point-in-time
Inventory	`InventoryNet`	$3.23B	USD	Point-in-time
Inventory	`InventoryNet`	$3.19B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$48.26M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$46.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.54B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.65B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$5.76B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$5.65B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.06B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.09B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$3.68B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$3.59B	USD	Point-in-time
Operating lease, right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease, right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.89B	USD	Point-in-time
Goodwill	`Goodwill`	$807.26M	USD	Point-in-time
Goodwill	`Goodwill`	$808.72M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$43.42M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$40.12M	USD	Point-in-time
Total assets	`Assets`	$7.98B	USD	Point-in-time
Total assets	`Assets`	$10.06B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.44B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.38B	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveCurrent`	$77.36M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveCurrent`	$77.01M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$94.19M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$86.52M	USD	Point-in-time
Accrued benefits and withholdings	`AccruedBenefitsAndWithholdings`	$89.08M	USD	Point-in-time
Accrued benefits and withholdings	`AccruedBenefitsAndWithholdings`	$65.11M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$92.82M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$11.01M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$296.61M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$253.99M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$261.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.89B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.33B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.46B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.42B	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.63B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$105.57M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$109.48M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$210.41M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$163.15M	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares - 245,000,000; Issued and outstanding shares - 78,262,099 as of March 31, 2019, and 79,043,919 as of December 31, 2018	`CommonStockValue`	$790.00K	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares - 245,000,000; Issued and outstanding shares - 78,262,099 as of March 31, 2019, and 79,043,919 as of December 31, 2018	`CommonStockValue`	$783.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.27B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.26B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-909.19M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-896.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$353.67M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$372.37M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$653.05M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$423.83M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.06B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.98B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.41B	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.28B	USD	1 Quarter
Cost of goods sold, including warehouse and distribution expenses	`CostOfGoodsAndServicesSold`	$1.13B	USD	1 Quarter
Cost of goods sold, including warehouse and distribution expenses	`CostOfGoodsAndServicesSold`	$1.08B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.28B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.20B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$778.41M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$834.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$444.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$422.85M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$28.22M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$34.29M	USD	1 Quarter
Interest income	`OtherInterestAndDividendIncome`	$554.00K	USD	1 Quarter
Interest income	`OtherInterestAndDividendIncome`	$572.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$205.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$3.10M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-30.63M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-27.44M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$395.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$414.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$90.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$93.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$321.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$304.91M	USD	1 Quarter
Earnings per share - basic	`EarningsPerShareBasic`	$4.09	USD	1 Quarter
Earnings per share - basic	`EarningsPerShareBasic`	$3.65	USD	1 Quarter
Weighted-average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	83.53M	shares	1 Quarter
Weighted-average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	78.48M	shares	1 Quarter
Earnings per share - assuming dilution	`EarningsPerShareDiluted`	$3.61	USD	1 Quarter
Earnings per share - assuming dilution	`EarningsPerShareDiluted`	$4.05	USD	1 Quarter
Weighted-average common shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.30M	shares	1 Quarter
Weighted-average common shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.52M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$321.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$304.91M	USD	1 Quarter
Depreciation and amortization of property, equipment and intangibles	`DepreciationDepletionAndAmortization`	$63.96M	USD	1 Quarter
Depreciation and amortization of property, equipment and intangibles	`DepreciationDepletionAndAmortization`	$69.92M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$918.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$795.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.37M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.31M	USD	1 Quarter
Share-based compensation programs	`ShareBasedCompensation`	$5.18M	USD	1 Quarter
Share-based compensation programs	`ShareBasedCompensation`	$5.42M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.25M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.24M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.42M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$60.91M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$42.64M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$35.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$60.92M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.76M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$79.38M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$82.48M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.47M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$14.21M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$440.62M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$432.28M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$114.84M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$152.91M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.81M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$752.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$295.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$375.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-151.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.47M	USD	1 Quarter
Proceeds from borrowings on revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$874.00M	USD	1 Quarter
Proceeds from borrowings on revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$755.00M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$831.00M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$541.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$549.45M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$321.86M	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromStockPlans`	$11.97M	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromStockPlans`	$15.22M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.16M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-190.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-263.82M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-325.63M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.40M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.82M	USD	1 Quarter
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`	$31.32M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$56.72M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$38.52M	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`	$31.32M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$56.72M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$38.52M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$5.33M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$7.94M	USD	1 Quarter
Interest paid, net of capitalized interest	`InterestPaidNet`	$47.80M	USD	1 Quarter
Interest paid, net of capitalized interest	`InterestPaidNet`	$48.76M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$353.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$372.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$653.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$423.83M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	78.26M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	79.04M	shares	Point-in-time
Net income	`NetIncomeLoss`	$321.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$304.91M	USD	1 Quarter
Issuance of common stock under employee benefit plans, net of forfeitures and shares withheld to cover taxes	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$3.77M	USD	1 Quarter
Issuance of common stock under employee benefit plans, net of forfeitures and shares withheld to cover taxes	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$3.63M	USD	1 Quarter
Net issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$11.96M	USD	1 Quarter
Net issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.86M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.83M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.08M	USD	1 Quarter
Share repurchases, including fees	`StockRepurchasedAndRetiredDuringPeriodValue`	$321.86M	USD	1 Quarter
Share repurchases, including fees	`StockRepurchasedAndRetiredDuringPeriodValue`	$549.45M	USD	1 Quarter
Share repurchases, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	2.19M	shares	1 Quarter
Share repurchases, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	927,000.00	shares	1 Quarter
Balance	`StockholdersEquity`	$353.67M	USD	Point-in-time
Balance	`StockholdersEquity`	$372.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$653.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$423.83M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	78.26M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	79.04M	shares	Point-in-time

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