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10-Q Filing

AUTOZONE INC CIK: 866787 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001558370-21-016915
Period End Date 20211130
Filing Date 20211217
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance azo-20211120x10q_htm.xml
Balance Sheet 67 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $961.12M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.17B USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $378.39M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $379.28M USD Point-in-time
Merchandise inventories InventoryFinishedGoodsNetOfReserves $4.77B USD Point-in-time
Merchandise inventories InventoryFinishedGoodsNetOfReserves $4.64B USD Point-in-time
Other current assets OtherAssetsCurrent $225.76M USD Point-in-time
Other current assets OtherAssetsCurrent $240.49M USD Point-in-time
Total current assets AssetsCurrent $6.35B USD Point-in-time
Total current assets AssetsCurrent $6.42B USD Point-in-time
Property and equipment PropertyPlantAndEquipmentGross $8.85B USD Point-in-time
Property and equipment PropertyPlantAndEquipmentGross $8.81B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $4.00B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.95B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.86B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.86B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $2.72B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $2.72B USD Point-in-time
Goodwill Goodwill $302.64M USD Point-in-time
Goodwill Goodwill $302.64M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $41.04M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $40.16M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $193.50M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $181.60M USD Point-in-time
Other long-term assets, total AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment $3.25B USD Point-in-time
Other long-term assets, total AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment $3.24B USD Point-in-time
Total assets Assets $14.52B USD Point-in-time
Total assets Assets $14.46B USD Point-in-time
Accounts payable AccountsPayableCurrent $6.17B USD Point-in-time
Accounts payable AccountsPayableCurrent $6.01B USD Point-in-time
Current portion of operating lease liabilities OperatingLeaseLiabilityCurrent $236.57M USD Point-in-time
Current portion of operating lease liabilities OperatingLeaseLiabilityCurrent $263.90M USD Point-in-time
Current portion of debt LongTermDebtCurrent $500.00M USD Point-in-time
Accrued expenses and other AccruedLiabilitiesCurrent $965.90M USD Point-in-time
Accrued expenses and other AccruedLiabilitiesCurrent $1.04B USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $186.75M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $79.47M USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.37B USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.09B USD Point-in-time
Debt, less current portion LongTermDebtNoncurrent $5.27B USD Point-in-time
Debt, less current portion LongTermDebtNoncurrent $4.77B USD Point-in-time
Operating lease liabilities, less current portion OperatingLeaseLiabilityNoncurrent $2.62B USD Point-in-time
Operating lease liabilities, less current portion OperatingLeaseLiabilityNoncurrent $2.63B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $355.31M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $337.12M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $704.19M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $746.55M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - 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; 23,057 shares issued and 20,674 shares outstanding as of November 20, 2021; 23,007 shares issued and 21,138 shares outstanding as of August 28, 2021 CommonStockValue $231.00K USD Point-in-time
Common stock, par value $.01 per share, authorized 200,000 shares; 23,057 shares issued and 20,674 shares outstanding as of November 20, 2021; 23,007 shares issued and 21,138 shares outstanding as of August 28, 2021 CommonStockValue $230.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.50B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.47B USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $135.41M USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $-419.83M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-324.33M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-307.99M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $2.54B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $3.44B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-2.12B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-877.98M USD Point-in-time
Total stockholders' deficit StockholdersEquity $-1.80B USD Point-in-time
Total stockholders' deficit StockholdersEquity $-1.03B USD Point-in-time
Total liabilities and stockholders' deficit LiabilitiesAndStockholdersEquity $14.46B USD Point-in-time
Total liabilities and stockholders' deficit LiabilitiesAndStockholdersEquity $14.52B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Net sales Revenues $3.67B USD 1 Quarter
Net sales Revenues $3.15B USD 1 Quarter
Cost of sales, including warehouse and delivery expenses CostOfGoodsAndServicesSold $1.48B USD 1 Quarter
Cost of sales, including warehouse and delivery expenses CostOfGoodsAndServicesSold $1.74B USD 1 Quarter
Gross profit GrossProfit $1.68B USD 1 Quarter
Gross profit GrossProfit $1.93B USD 1 Quarter
Operating, selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.17B USD 1 Quarter
Operating, selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.06B USD 1 Quarter
Operating profit OperatingIncomeLoss $615.23M USD 1 Quarter
Operating profit OperatingIncomeLoss $754.49M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-46.18M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-43.28M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $711.20M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $569.05M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $155.97M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $126.61M USD 1 Quarter
Net income NetIncomeLoss $442.43M USD 1 Quarter
Net income NetIncomeLoss $555.24M USD 1 Quarter
Weighted average shares for basic earnings per share WeightedAverageNumberOfSharesOutstandingBasic 20.99M shares 1 Quarter
Weighted average shares for basic earnings per share WeightedAverageNumberOfSharesOutstandingBasic 23.22M shares 1 Quarter
Effect of dilutive stock equivalents WeightedAverageNumberDilutedSharesOutstandingAdjustment 621,000.00 shares 1 Quarter
Effect of dilutive stock equivalents WeightedAverageNumberDilutedSharesOutstandingAdjustment 555,000.00 shares 1 Quarter
Weighted average shares for diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 21.61M shares 1 Quarter
Weighted average shares for diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 23.78M shares 1 Quarter
Basic earnings per share EarningsPerShareBasic $26.45 USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $19.05 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $18.61 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $25.69 USD 1 Quarter
Cash Flow Statement 54 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $555.24M USD 1 Quarter
Net income ProfitLoss $442.43M USD 1 Quarter
Depreciation and amortization of property and equipment and intangibles DepreciationDepletionAndAmortization $99.59M USD 1 Quarter
Depreciation and amortization of property and equipment and intangibles DepreciationDepletionAndAmortization $89.55M USD 1 Quarter
Amortization of debt origination fees AmortizationOfFinancingCostsAndDiscounts $2.64M USD 1 Quarter
Amortization of debt origination fees AmortizationOfFinancingCostsAndDiscounts $3.15M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $18.10M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $10.29M USD 1 Quarter
Share-based compensation expense AllocatedShareBasedCompensationExpense $14.29M USD 1 Quarter
Share-based compensation expense AllocatedShareBasedCompensationExpense $10.51M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-17.49M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $1.58M USD 1 Quarter
Merchandise inventories IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories $124.75M USD 1 Quarter
Merchandise inventories IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories $136.99M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $56.27M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $89.27M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $79.56M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $107.41M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-29.96M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-98.98M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $777.93M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $683.49M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $102.27M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $113.04M USD 1 Quarter
Purchase of marketable debt securities PaymentsToAcquireMarketableSecurities $7.03M USD 1 Quarter
Purchase of marketable debt securities PaymentsToAcquireMarketableSecurities $45.98M USD 1 Quarter
Proceeds from sale of marketable debt securities ProceedsFromSaleAndMaturityOfMarketableSecurities $3.71M USD 1 Quarter
Proceeds from sale of marketable debt securities ProceedsFromSaleAndMaturityOfMarketableSecurities $51.21M USD 1 Quarter
Proceeds (payments) from disposal of capital assets and other, net PaymentsForProceedsFromCapitalAssetsAndOthers $-14.62M USD 1 Quarter
Proceeds (payments) from disposal of capital assets and other, net PaymentsForProceedsFromCapitalAssetsAndOthers $2.37M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-90.96M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-110.18M USD 1 Quarter
Net proceeds from sale of common stock ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $28.67M USD 1 Quarter
Net proceeds from sale of common stock ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $21.10M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $900.00M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $678.32M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $26.60B USD 96 Qtrs
Repayment of principal portion of finance lease liabilities FinanceLeasePrincipalPayments $13.79M USD 1 Quarter
Repayment of principal portion of finance lease liabilities FinanceLeasePrincipalPayments $13.69M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-3.36M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-895.95M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-663.44M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.23M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $3.32M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-86.81M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-210.21M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.75B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.17B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $961.12M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.66B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.75B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.17B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $961.12M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.66B USD Point-in-time
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
Purchase of treasury stock, shares TreasuryStockSharesAcquired 584,000.00 shares 1 Quarter
Purchase of treasury stock, shares TreasuryStockSharesAcquired 150.80M shares 96 Qtrs
Purchase of treasury stock, shares TreasuryStockSharesAcquired 514,534.00 shares 1 Quarter
Balance StockholdersEquity $-2.12B USD Point-in-time
Balance StockholdersEquity $-877.98M USD Point-in-time
Balance StockholdersEquity $-1.80B USD Point-in-time
Balance StockholdersEquity $-1.03B USD Point-in-time
Net income NetIncomeLoss $442.43M USD 1 Quarter
Net income NetIncomeLoss $555.24M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $-16.34M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $47.34M USD 1 Quarter
Purchase of treasury stock TreasuryStockValueAcquiredCostMethod $678.32M USD 1 Quarter
Purchase of treasury stock TreasuryStockValueAcquiredCostMethod $900.00M USD 1 Quarter
Issuance of common stock under stock options and stock purchase plans StockIssuedDuringPeriodValueShareBasedCompensation $28.67M USD 1 Quarter
Issuance of common stock under stock options and stock purchase plans StockIssuedDuringPeriodValueShareBasedCompensation $21.10M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $12.79M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $10.88M USD 1 Quarter
Balance StockholdersEquity $-2.12B USD Point-in-time
Balance StockholdersEquity $-877.98M USD Point-in-time
Balance StockholdersEquity $-1.80B USD Point-in-time
Balance StockholdersEquity $-1.03B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $442.43M USD 1 Quarter
Net income NetIncomeLoss $555.24M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $46.99M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-16.57M USD 1 Quarter
Unrealized losses on marketable debt securities, net of taxes OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-309.00K USD 1 Quarter
Unrealized losses on marketable debt securities, net of taxes OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-430.00K USD 1 Quarter
Net derivative activities, net of taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $655.00K USD 1 Quarter
Net derivative activities, net of taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $659.00K USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-16.34M USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $47.34M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $489.78M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $538.89M USD 1 Quarter

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

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