← AUTOZONE INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $1.2b | $1.3b | $1.3b | $1.6b | $1.7b | $2.2b | $2.4b | $2.5b | $2.7b | $2.5b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $1.3b | $1.6b | $1.7b | $2.2b | $2.4b | $2.5b | $2.7b | $2.5b | |
| Amortization of Debt Issuance Costs and Discounts | $8.0m | $8.4m | $8.4m | $8.2m | $10.7m | $12.9m | $11.3m | $9.3m | $12.0m | $12.8m | |
| Amortization of Intangible Assets | $8.7m | $8.5m | $5.1m | $4.2m | $4.2m | — | — | — | — | — | |
| Amortization of debt origination fees | $8.0m | $8.4m | $8.4m | $8.2m | $10.7m | $12.9m | $11.3m | $9.3m | $12.0m | $12.8m | |
| Depreciation and amortization of property and equipment | $297.4m | $323.1m | $345.1m | $370.0m | $397.5m | $407.7m | $442.2m | $497.6m | $549.8m | $613.2m | |
| Depreciation, Depletion and Amortization | $297.4m | $323.1m | $345.1m | $370.0m | $397.5m | $407.7m | $442.2m | $497.6m | $549.8m | $613.2m | |
| Deferred Income Tax Expense (Benefit) | $45.0m | $74.9m | ($124.3m) | $35.1m | $51.1m | ($34.4m) | $185.6m | ($25.7m) | ($254.4m) | $115.4m | |
| Deferred income taxes | $45.0m | $74.9m | ($124.3m) | $35.1m | $51.1m | ($34.4m) | $185.6m | ($25.7m) | ($254.4m) | $115.4m | |
| Share-based Payment Arrangement, Expense | $39.8m | $38.2m | $43.7m | $43.3m | $44.8m | $56.1m | $70.6m | $93.1m | $106.2m | $124.7m | |
| Share-based compensation expense | $39.8m | $38.2m | $43.7m | $43.3m | $44.8m | $56.1m | $70.6m | $93.1m | $106.2m | $124.7m | |
| Income Tax Expense (Benefit) | $671.7m | $644.6m | $298.8m | $414.1m | $483.5m | $578.9m | $649.5m | $639.2m | $674.7m | $636.1m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $465.2m | $490.0m | |
| Investment in tax credit equity investments | — | — | — | — | ($45.2m) | ($41.7m) | ($31.5m) | ($98.0m) | ($227.5m) | ($111.8m) | |
| Leased assets obtained in exchange for new operating lease liabilities | — | — | — | — | $425.0m | $444.6m | $528.0m | $428.1m | $415.2m | $533.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable and accrued expenses | $271.2m | $82.6m | $319.6m | $464.2m | $531.1m | $1.0b | $1.2b | ($183.7m) | $244.1m | $657.4m | |
| Accounts receivable | ($41.4m) | $7.8m | $7.5m | ($48.5m) | ($58.6m) | ($11.0m) | ($125.7m) | ($6.7m) | ($38.3m) | ($118.6m) | |
| Accrued capital expenditures | $488.8m | $553.8m | $521.8m | $496.1m | $457.7m | $621.8m | $672.4m | $796.7m | $1.1b | $1.3b | |
| Goodwill | $391.9m | $391.9m | $302.6m | $302.6m | $302.6m | $302.6m | $302.6m | $302.6m | $302.6m | $302.6m | |
| Income taxes | $50.1m | ($3.7m) | ($6.4m) | ($10.5m) | $90.2m | $29.5m | ($10.5m) | $92.8m | $296.4m | $68.4m | |
| Increase (Decrease) in Accounts Receivable | $41.4m | ($7.8m) | ($7.5m) | $48.5m | $58.6m | $11.0m | $125.7m | $6.7m | $38.3m | $118.6m | |
| Investment Income, Interest | $2.4m | $3.5m | $5.6m | $7.4m | $5.7m | $5.4m | $6.0m | $12.1m | $11.3m | $11.0m | |
| Leased assets obtained in exchange for new finance lease liabilities | — | — | $98.8m | $147.7m | $115.9m | $112.1m | $100.7m | $58.3m | $196.1m | $95.8m | |
| Merchandise inventories | ($227.5m) | ($236.8m) | ($188.8m) | ($394.1m) | ($184.2m) | ($138.5m) | ($990.7m) | ($89.2m) | ($453.1m) | ($893.9m) | |
| Net proceeds from (payments of) commercial paper | $149.9m | ($42.4m) | $170.2m | ($295.3m) | ($1.0b) | — | $603.4m | $606.2m | ($629.6m) | $168.6m | |
| Other non-cash charges (income) | — | — | — | — | — | — | $15.0m | $44.0m | ($40.0m) | $64.0m | |
| Other, net | ($7.9m) | ($7.4m) | ($1.1m) | ($9.4m) | ($49.0m) | ($3.8m) | ($10.7m) | ($18.2m) | ($4.2m) | ($13.4m) | |
| Pension Cost (Reversal of Cost) | — | — | — | $0 | $0 | — | — | — | — | — | |
| Pension Expense (Reversal of Expense), Noncash | — | — | $130.3m | ($6.8m) | $0 | — | — | — | — | — | |
| Purchase of marketable debt securities | ($130.2m) | ($85.7m) | ($104.5m) | ($55.5m) | ($90.9m) | ($63.7m) | ($56.0m) | ($66.9m) | ($38.8m) | ($64.5m) | |
| Purchase of treasury stock | ($1.5b) | ($1.1b) | ($1.6b) | ($2.0b) | ($930.9m) | ($3.4b) | ($4.4b) | ($3.7b) | ($3.1b) | ($1.6b) | |
| Repayment of principal portion of finance lease liabilities | — | — | ($49.0m) | ($53.3m) | ($52.2m) | ($59.9m) | ($67.2m) | ($81.1m) | ($85.3m) | ($96.2m) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | ($130.3m) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.6b | $1.6b | $2.1b | $2.1b | $2.7b | $3.5b | $3.2b | $2.9b | $3.0b | $3.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $488.8m | $553.8m | $521.8m | $496.1m | $457.7m | $621.8m | $672.4m | $796.7m | $1.1b | $1.3b | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($505.8m) | ($553.6m) | ($521.9m) | ($491.8m) | ($497.9m) | ($601.8m) | ($648.1m) | ($876.2m) | ($1.3b) | ($1.4b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from issuance of debt | $650.0m | $600.0m | — | $750.0m | $1.9b | — | $750.0m | $1.8b | $2.3b | $500.0m | |
| Proceeds from sale of marketable debt securities | $120.5m | $83.0m | $69.6m | $53.1m | $84.2m | $95.4m | $53.9m | $58.4m | $40.8m | $63.3m | |
| Repayment of debt | ($500.0m) | ($400.0m) | ($250.0m) | ($250.0m) | ($500.0m) | ($250.0m) | ($500.0m) | ($800.0m) | ($300.0m) | ($900.0m) | |
| Repayments of Long-term Debt | $500.0m | $400.0m | $250.0m | $250.0m | $500.0m | $250.0m | $500.0m | $800.0m | $300.0m | $900.0m | |
| Net proceeds from sale of common stock | $80.3m | $54.7m | $89.7m | $188.8m | $68.4m | $187.8m | $113.9m | $182.5m | $176.2m | $172.3m | |
| Payments for Repurchase of Common Stock | $1.5b | $1.1b | $1.6b | $2.0b | $930.9m | $3.4b | $4.4b | $3.7b | $3.1b | $1.6b | |
| Proceeds from (Payments for) Other Financing Activities | ($7.9m) | ($7.4m) | ($1.1m) | ($9.4m) | ($49.0m) | — | ($10.7m) | ($18.2m) | ($4.2m) | ($13.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($1.1b) | ($914.3m) | ($1.6b) | ($1.7b) | ($643.6m) | ($3.5b) | ($3.5b) | ($2.1b) | ($1.7b) | ($1.7b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($4.3m) | $852k | ($1.7m) | ($4.1m) | ($4.1m) | $4.2m | $506k | — | — | $3.5m | |
| Effect of exchange rate changes on cash | ($4.3m) | $852k | ($1.7m) | ($4.1m) | ($4.1m) | $4.2m | $506k | $8.1m | ($12.8m) | $3.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($4.3m) | $852k | ($1.7m) | ($41.5m) | $1.6b | ($579.5m) | ($907.0m) | $12.7m | $21.1m | ($26.4m) | |
| Net (decrease) increase in cash and cash equivalents | $14.4m | $103.5m | ($75.4m) | ($41.5m) | $1.6b | ($579.5m) | ($907.0m) | $12.7m | $21.1m | ($26.4m) | |
| Cash and cash equivalents at beginning of period | — | — | $293.3m | $217.8m | $176.3m | $1.8b | $264.4m | $277.1m | $298.2m | $271.8m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $136.7m | $135.3m | $164.0m | $153.4m | $161.9m | $187.9m | $178.6m | $260.9m | $353.8m | $413.0m | |
| Income Taxes Paid, Net | $582.4m | $579.9m | $427.2m | $383.9m | $339.5m | $574.9m | $461.2m | $570.2m | $437.6m | $313.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.