10-Q Filing

O REILLY AUTOMOTIVE INC CIK: 898173 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000898173-22-000022`
Period End Date	20220331
Filing Date	20220509
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	orly-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 32 Cash Flow Statement 58 Stockholders Equity 26 Comprehensive Income 8

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$191.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	245.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	245.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$362.11M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$272.56M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$305.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	65.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	67.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	67.03M	shares	Point-in-time
Amounts receivable from suppliers	`NontradeReceivablesCurrent`	$113.11M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.92M	shares	Point-in-time
Amounts receivable from suppliers	`NontradeReceivablesCurrent`	$99.02M	USD	Point-in-time
Inventory	`InventoryNet`	$3.85B	USD	Point-in-time
Inventory	`InventoryNet`	$3.69B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$70.09M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$81.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.50B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.52B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$7.05B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$6.95B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.73B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.81B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$4.24B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$4.21B	USD	Point-in-time
Operating lease, right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.98B	USD	Point-in-time
Operating lease, right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.98B	USD	Point-in-time
Goodwill	`Goodwill`	$881.77M	USD	Point-in-time
Goodwill	`Goodwill`	$879.34M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$139.11M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$142.59M	USD	Point-in-time
Total assets	`Assets`	$11.76B	USD	Point-in-time
Total assets	`Assets`	$11.72B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.70B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.94B	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveCurrent`	$137.63M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveCurrent`	$128.79M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$107.59M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$93.62M	USD	Point-in-time
Accrued benefits and withholdings	`AccruedBenefitsAndWithholdings`	$234.87M	USD	Point-in-time
Accrued benefits and withholdings	`AccruedBenefitsAndWithholdings`	$139.39M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$128.30M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$334.88M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$337.83M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$393.76M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$370.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.87B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.17B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.83B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.83B	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.70B	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$1.70B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$180.61M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$175.21M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$210.50M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$206.57M	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares - 245,000,000 Issued and outstanding shares - 65,919,929 as of March 31, 2022, and 67,029,042 as of December 31, 2021	`CommonStockValue`	$670.00K	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares - 245,000,000 Issued and outstanding shares - 65,919,929 as of March 31, 2022, and 67,029,042 as of December 31, 2021	`CommonStockValue`	$659.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.31B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.31B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-1.37B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-1.64B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.80M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$140.26M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-66.42M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-328.27M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-6.98M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$11.76B	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$11.72B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.09B	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.30B	USD	1 Quarter
Cost of goods sold, including warehouse and distribution expenses	`CostOfGoodsAndServicesSold`	$1.59B	USD	1 Quarter
Cost of goods sold, including warehouse and distribution expenses	`CostOfGoodsAndServicesSold`	$1.45B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.64B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.71B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.04B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$949.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$669.53M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$691.11M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$34.84M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$37.51M	USD	1 Quarter
Interest income	`OtherInterestAndDividendIncome`	$537.00K	USD	1 Quarter
Interest income	`OtherInterestAndDividendIncome`	$510.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.94M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$1.69M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-35.28M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-36.27M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$655.83M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$633.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$154.22M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$151.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$501.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$481.88M	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$7.13	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$7.24	USD	1 Quarter
Weighted-average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	66.57M	shares	1 Quarter
Weighted-average common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	70.38M	shares	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$7.06	USD	1 Quarter
Earnings per share	`EarningsPerShareDiluted`	$7.17	USD	1 Quarter
Weighted-average common shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.19M	shares	1 Quarter
Weighted-average common shares outstanding - assuming dilution	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.02M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$501.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$481.88M	USD	1 Quarter
Depreciation and amortization of property, equipment and intangibles	`DepreciationDepletionAndAmortization`	$79.76M	USD	1 Quarter
Depreciation and amortization of property, equipment and intangibles	`DepreciationDepletionAndAmortization`	$82.92M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.07M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.55M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.03M	USD	1 Quarter
Share-based compensation programs	`ShareBasedCompensation`	$6.29M	USD	1 Quarter
Share-based compensation programs	`ShareBasedCompensation`	$6.53M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.01M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-920.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$33.68M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.92M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$158.39M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-30.91M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$134.09M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$247.28M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$138.20M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$138.23M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$82.03M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-25.19M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$890.67M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$689.89M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$94.88M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.99M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.16M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.10M	USD	1 Quarter
Investment in tax credit equity investments	`PaymentsForProceedsFromInvestments`	$6.00K	USD	1 Quarter
Investment in tax credit equity investments	`PaymentsForProceedsFromInvestments`	$4.08M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$68.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$969.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-104.98M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-93.76M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$664.55M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$775.21M	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromStockPlans`	$13.56M	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromStockPlans`	$19.94M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-313.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-350.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-651.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-755.62M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-371.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-170.57M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$145.24M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$465.64M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$362.11M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$610.88M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$191.55M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$465.64M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$362.11M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$610.88M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$191.55M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$8.58M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$5.57M	USD	1 Quarter
Interest paid, net of capitalized interest	`InterestPaidNet`	$31.51M	USD	1 Quarter
Interest paid, net of capitalized interest	`InterestPaidNet`	$37.48M	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$140.26M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-66.42M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-328.27M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-6.98M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	67.03M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	65.92M	shares	Point-in-time
Net income	`NetIncomeLoss`	$501.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$481.88M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.06M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.14M	USD	1 Quarter
Issuance of common stock under employee benefit plans, net of forfeitures and shares withheld to cover taxes	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.09M	USD	1 Quarter
Issuance of common stock under employee benefit plans, net of forfeitures and shares withheld to cover taxes	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.88M	USD	1 Quarter
Net issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$15.44M	USD	1 Quarter
Net issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.85M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.09M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.91M	USD	1 Quarter
Share repurchases, including fees	`StockRepurchasedAndRetiredDuringPeriodValue`	$664.55M	USD	1 Quarter
Share repurchases, including fees	`StockRepurchasedAndRetiredDuringPeriodValue`	$775.21M	USD	1 Quarter
Share repurchases, including fees, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	1.48M	shares	1 Quarter
Share repurchases, including fees, shares	`StockRepurchasedAndRetiredDuringPeriodShares`	1.17M	shares	1 Quarter
Balance at end of period	`StockholdersEquity`	$140.26M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-66.42M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-328.27M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-6.98M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	67.03M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	65.92M	shares	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$501.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$481.88M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.14M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.06M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.06M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.14M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$486.94M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$497.47M	USD	1 Quarter

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