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10-Q Filing

AUTOZONE INC CIK: 866787 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001193125-19-320984
Period End Date 20191130
Filing Date 20191220
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance d824424d10q_htm.xml
Balance Sheet 66 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $158.09M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $217.82M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $176.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $252.09M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $333.25M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $309.00M USD Point-in-time
Merchandise inventories InventoryFinishedGoodsNetOfReserves $4.46B USD Point-in-time
Merchandise inventories InventoryFinishedGoodsNetOfReserves $4.32B USD Point-in-time
Other current assets OtherAssetsCurrent $202.52M USD Point-in-time
Other current assets OtherAssetsCurrent $224.28M USD Point-in-time
Total current assets AssetsCurrent $5.16B USD Point-in-time
Total current assets AssetsCurrent $5.03B USD Point-in-time
Property and equipment PropertyPlantAndEquipmentGross $7.71B USD Point-in-time
Property and equipment PropertyPlantAndEquipmentGross $7.84B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.39B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.31B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.40B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.45B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset - USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $2.59B USD Point-in-time
Goodwill Goodwill $302.64M USD Point-in-time
Goodwill Goodwill $302.64M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $26.86M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $27.36M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $177.71M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $138.97M USD Point-in-time
Other long-term assets, total AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment $468.48M USD Point-in-time
Other long-term assets, total AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment $3.09B USD Point-in-time
Assets Assets $12.70B USD Point-in-time
Assets Assets $9.90B USD Point-in-time
Accounts payable AccountsPayableCurrent $4.92B USD Point-in-time
Accounts payable AccountsPayableCurrent $4.86B USD Point-in-time
Current portion of operating lease liabilities OperatingLeaseLiabilityCurrent $232.55M USD Point-in-time
Current portion of operating lease liabilities OperatingLeaseLiabilityCurrent - USD Point-in-time
Accrued expenses and other AccruedLiabilitiesCurrent $618.65M USD Point-in-time
Accrued expenses and other AccruedLiabilitiesCurrent $621.93M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $94.89M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $25.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.51B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.87B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.29B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $5.21B USD Point-in-time
Operating lease liabilities, less current portion OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Operating lease liabilities, less current portion OperatingLeaseLiabilityNoncurrent $2.51B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesGrossNoncurrent $315.60M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesGrossNoncurrent $311.98M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $579.30M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $498.56M USD Point-in-time
Preferred stock, authorized 1,000 shares; no shares issued PreferredStockValue - USD Point-in-time
Preferred stock, authorized 1,000 shares; no shares issued PreferredStockValue - USD Point-in-time
Common stock, par value $.01 per share, authorized 200,000 shares; 25,465 shares issued and 23,655 shares outstanding as of November 23, 2019; 25,445 shares issued and 24,038 shares outstanding as of August 31, 2019 CommonStockValue $254.00K USD Point-in-time
Common stock, par value $.01 per share, authorized 200,000 shares; 25,465 shares issued and 23,655 shares outstanding as of November 23, 2019; 25,445 shares issued and 24,038 shares outstanding as of August 31, 2019 CommonStockValue $254.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.26B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.28B USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-1.31B USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-955.01M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-269.32M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-250.08M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $1.85B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $1.40B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-1.71B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-1.66B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-1.52B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-1.78B USD Point-in-time
Liabilities and Stockholders' Deficit LiabilitiesAndStockholdersEquity $9.90B USD Point-in-time
Liabilities and Stockholders' Deficit LiabilitiesAndStockholdersEquity $12.70B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Net sales Revenues $2.64B USD 1 Quarter
Net sales Revenues $2.79B USD 1 Quarter
Cost of sales, including warehouse and delivery expenses CostOfGoodsAndServicesSold $1.22B USD 1 Quarter
Cost of sales, including warehouse and delivery expenses CostOfGoodsAndServicesSold $1.29B USD 1 Quarter
Gross profit GrossProfit $1.42B USD 1 Quarter
Gross profit GrossProfit $1.50B USD 1 Quarter
Operating, selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $929.66M USD 1 Quarter
Operating, selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.00B USD 1 Quarter
Operating profit OperatingIncomeLoss $500.02M USD 1 Quarter
Operating profit OperatingIncomeLoss $487.82M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-43.74M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-39.01M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $448.81M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $456.28M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $97.41M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $105.94M USD 1 Quarter
Net income NetIncomeLoss $351.41M USD 1 Quarter
Net income NetIncomeLoss $350.34M USD 1 Quarter
Weighted average shares for basic earnings per share WeightedAverageNumberOfSharesOutstandingBasic 23.88M shares 1 Quarter
Weighted average shares for basic earnings per share WeightedAverageNumberOfSharesOutstandingBasic 25.63M shares 1 Quarter
Effect of dilutive stock equivalents WeightedAverageNumberDilutedSharesOutstandingAdjustment 618,000.00 shares 1 Quarter
Effect of dilutive stock equivalents WeightedAverageNumberDilutedSharesOutstandingAdjustment 468,000.00 shares 1 Quarter
Weighted average shares for diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 24.49M shares 1 Quarter
Weighted average shares for diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 26.10M shares 1 Quarter
Basic earnings per share EarningsPerShareBasic $13.71 USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $14.67 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $14.30 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $13.47 USD 1 Quarter
Cash Flow Statement 55 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $351.41M USD 1 Quarter
Net income ProfitLoss $350.34M USD 1 Quarter
Depreciation and amortization of property and equipment and intangibles DepreciationDepletionAndAmortization $82.45M USD 1 Quarter
Depreciation and amortization of property and equipment and intangibles DepreciationDepletionAndAmortization $89.75M USD 1 Quarter
Amortization of debt origination fees AmortizationOfFinancingCostsAndDiscounts $2.19M USD 1 Quarter
Amortization of debt origination fees AmortizationOfFinancingCostsAndDiscounts $1.86M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $7.42M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.94M USD 1 Quarter
Share-based compensation expense AllocatedShareBasedCompensationExpense $10.53M USD 1 Quarter
Share-based compensation expense AllocatedShareBasedCompensationExpense $10.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $23.25M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $16.34M USD 1 Quarter
Merchandise inventories IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories $167.45M USD 1 Quarter
Merchandise inventories IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories $133.21M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $67.76M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $48.27M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $69.39M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $63.77M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-31.68M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-47.77M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $447.10M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $449.18M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $98.17M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $101.41M USD 1 Quarter
Purchase of marketable debt securities PaymentsToAcquireMarketableSecurities $7.48M USD 1 Quarter
Purchase of marketable debt securities PaymentsToAcquireMarketableSecurities $35.45M USD 1 Quarter
Proceeds from sale of marketable debt securities ProceedsFromSaleAndMaturityOfMarketableSecurities $13.12M USD 1 Quarter
Proceeds from sale of marketable debt securities ProceedsFromSaleAndMaturityOfMarketableSecurities $45.77M USD 1 Quarter
Proceeds from disposal of capital assets and other, net PaymentsForProceedsFromCapitalAssetsAndOthers $-379.00K USD 1 Quarter
Proceeds from disposal of capital assets and other, net PaymentsForProceedsFromCapitalAssetsAndOthers $-633.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-90.71M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-91.90M USD 1 Quarter
Net proceeds from commercial paper ProceedsFromRepaymentsOfCommercialPaper $79.70M USD 1 Quarter
Net proceeds from commercial paper ProceedsFromRepaymentsOfCommercialPaper $149.38M USD 1 Quarter
Net proceeds from sale of common stock ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $8.82M USD 1 Quarter
Net proceeds from sale of common stock ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $44.67M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $21.87B USD 88 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $497.06M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $450.00M USD 1 Quarter
Repayment of principal portion of finance lease liabilities FinanceLeasePrincipalPayments $14.33M USD 1 Quarter
Repayment of principal portion of finance lease liabilities FinanceLeasePrincipalPayments $12.60M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-375.81M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-315.61M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-7.41M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $1.21M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $34.26M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-18.21M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $158.09M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $217.82M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $176.30M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $252.09M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $158.09M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $217.82M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $176.30M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $252.09M USD Point-in-time
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Purchase of treasury stock, shares TreasuryStockSharesAcquired 403,000.00 shares 1 Quarter
Purchase of treasury stock, shares TreasuryStockSharesAcquired 654,000.00 shares 1 Quarter
Purchase of treasury stock, shares TreasuryStockSharesAcquired 147.30M shares 88 Qtrs
Balance StockholdersEquity $-1.71B USD Point-in-time
Balance StockholdersEquity $-1.66B USD Point-in-time
Balance StockholdersEquity $-1.52B USD Point-in-time
Balance StockholdersEquity $-1.78B USD Point-in-time
Cumulative effect of adoption of ASU 2014-09 CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $-6.77M USD Point-in-time
Balance at August 25, 2018, as adjusted StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 $-1.53B USD Point-in-time
Net income NetIncomeLoss $351.41M USD 1 Quarter
Net income NetIncomeLoss $350.34M USD 1 Quarter
Total other comprehensive gain (loss) OtherComprehensiveIncomeLossNetOfTax $-40.26M USD 1 Quarter
Total other comprehensive gain (loss) OtherComprehensiveIncomeLossNetOfTax $19.24M USD 1 Quarter
Purchase of treasury stock TreasuryStockValueAcquiredCostMethod $497.06M USD 1 Quarter
Purchase of treasury stock TreasuryStockValueAcquiredCostMethod $450.00M USD 1 Quarter
Issuance of common stock under stock options and stock purchase plans StockIssuedDuringPeriodValueShareBasedCompensation $44.93M USD 1 Quarter
Issuance of common stock under stock options and stock purchase plans StockIssuedDuringPeriodValueShareBasedCompensation $8.82M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.36M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.50M USD 1 Quarter
Balance StockholdersEquity $-1.71B USD Point-in-time
Balance StockholdersEquity $-1.66B USD Point-in-time
Balance StockholdersEquity $-1.52B USD Point-in-time
Balance StockholdersEquity $-1.78B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $351.41M USD 1 Quarter
Net income NetIncomeLoss $350.34M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-40.57M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $19.04M USD 1 Quarter
Unrealized (losses) on marketable debt securities, net of taxes OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-77.00K USD 1 Quarter
Unrealized (losses) on marketable debt securities, net of taxes OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-188.00K USD 1 Quarter
Unrealized gains (losses) on marketable debt securities, net of taxes OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-20.00K USD 1 Quarter
Unrealized gains (losses) on marketable debt securities, net of taxes OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-50.00K USD 1 Quarter
Net derivative activities, net of taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $389.00K USD 1 Quarter
Net derivative activities, net of taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $389.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-40.26M USD 1 Quarter
Net derivative activities, taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-120.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $19.24M USD 1 Quarter
Net derivative activities, taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-120.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $369.58M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $311.14M USD 1 Quarter

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

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