Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Cash Flow Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
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O’Reilly Automotive Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Sales Trend
- Sales demonstrate a generally upward trajectory from March 2017 through September 2022. Beginning at approximately 2.16 billion USD in Q1 2017, sales increased steadily with notable accelerated growth phases around mid-2020 and mid-2021, reaching near 3.80 billion USD by Q3 2022. Seasonal fluctuations appear minimal relative to the consistent growth trend overall.
- Cost of Goods Sold (COGS)
- COGS also rose over the analyzed period, mirroring the increase in sales. Starting below 1.03 billion USD in Q1 2017, expenses grew steadily, with sharper increases from early 2020 onward aligned with sales growth. Although COGS rose, its proportional relationship to sales suggests maintained cost management efficiency through the periods. The highest COGS values occurred in 2022, surpassing 1.86 billion USD in Q3 2022.
- Gross Profit
- Gross profit showed a positive trend consistent with increasing sales, moving from approximately 1.13 billion USD in Q1 2017 to nearly 1.93 billion USD by Q3 2022. Notable jumps in gross profit in 2020 coincide with increased sales and the rise in unit volumes. Despite increased COGS, gross profit margins appear to have expanded moderately, reflecting enhanced pricing or product mix management.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses steadily increased over the period, in line with growth in operational scale. From roughly 728 million USD in Q1 2017, these expenses climbed to over 1.13 billion USD by Q3 2022. The expense growth rate is generally proportional to revenue expansion, indicating controlled overhead management as the company scaled. However, slight expense reductions in late 2020 suggest temporary cost optimization.
- Operating Income
- Operating income consistently expanded, rising from 403 million USD in Q1 2017 to above 800 million USD in the latter half of 2022. A marked increase is observed from 2020 onwards, suggesting improved operational efficiencies or favorable business conditions. Operating margins appear to have improved as revenue increased faster than operating costs.
- Interest Expense and Income
- Interest expense gradually increased from 19 million USD in early 2017 to over 43 million USD by Q3 2022, reflecting perhaps increased debt levels or interest rates. Interest income remains comparatively small and relatively stable, with minor fluctuations, suggesting modest returns on investments or cash balances.
- Other Income (Expense), Net
- Other income (expense) exhibits volatility with several quarters showing negative impacts, particularly during 2018 and 2020 periods. These fluctuations imply non-operating items affecting profitability but no consistent pattern, indicating isolated events or transactions causing variation in this category.
- Income Before Income Taxes
- This metric aligns closely with operating income trends, demonstrating growth from around 385 million USD in early 2017 to approximately 762 million USD by Q3 2022. The growth trend underscores strengthening profitability before tax effects, improved business performance, and cost control.
- Provision for Income Taxes
- Income tax provisions rose over time, reflecting higher pre-tax income but also fluctuated between quarters, as seen in reduced tax expense during some quarters in 2017 and 2019. The provision peaks align with increased income in 2020 and beyond, although some variability in effective tax rates is noticeable.
- Net Income
- Net income consistently increased from about 265 million USD in Q1 2017 to over 585 million USD by Q3 2022. Notable spikes in net income in 2020 suggest favorable operating leverage or possibly one-time effects improving profitability. Although net income followed general profit trends, variability across quarters suggests some impact of tax, interest, and other non-operating factors.