Stock Analysis on Net
Stock Analysis on Net

O’Reilly Automotive Inc. (NASDAQ:ORLY)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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O’Reilly Automotive Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Accounts payable
Self-insurance reserves
Accrued payroll
Accrued benefits and withholdings
Income taxes payable
Current portion of operating lease liabilities
Other current liabilities
Current liabilities
Long-term debt
Operating lease liabilities, less current portion
Deferred income taxes
Other liabilities
Noncurrent liabilities
Total liabilities
Preferred stock, $0.01 par value; none issued and outstanding shares
Common stock, $0.01 par value
Additional paid-in capital
Retained deficit
Accumulated other comprehensive income (loss)
Shareholders’ equity (deficit)
Total liabilities and shareholders’ equity (deficit)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Accounts Payable
Accounts payable showed a consistent upward trend over the five-year period, increasing from approximately 3.19 billion US dollars in 2017 to about 4.70 billion US dollars in 2021. This indicates a growing reliance on supplier credit or delayed payments, reflecting possibly increased purchasing activity or operational scale.
Self-Insurance Reserves
The self-insurance reserves increased steadily from around 71.7 million US dollars in 2017 to nearly 129 million US dollars in 2021, with a noticeable acceleration in growth between 2019 and 2020, suggesting heightened provisions for liabilities covered internally.
Accrued Payroll
Accrued payroll exhibited a generally increasing trend from 77.1 million US dollars in 2017 to approximately 107.6 million US dollars in 2021, aside from a slight dip in 2020. This reflects growth in employee-related expenses, likely due to increased headcount or wage adjustments.
Accrued Benefits and Withholdings
Accrued benefits and withholdings showed significant volatility, with relatively stable values around 69 million to 98 million US dollars from 2017 to 2019, then sharply rising to over 240 million US dollars in 2020, before slightly decreasing in 2021. The spike in 2020 may be related to one-time accruals or changes in benefit obligations.
Income Taxes Payable
Income taxes payable values were sporadically reported, appearing only in 2018 and 2020 with minor amounts (around 11 million and 17 million US dollars, respectively). The absence of data in other years limits the ability to establish a clear pattern.
Current Portion of Operating Lease Liabilities
This item emerged starting in 2019 with 316 million US dollars and grew modestly each year, reaching about 338 million US dollars by 2021, indicating new accounting recognition of lease liabilities under updated lease standards.
Other Current Liabilities
Other current liabilities grew steadily from 239 million US dollars in 2017 to 370 million US dollars in 2021, showing consistent accumulation likely associated with various operational or short-term obligations.
Current Liabilities
Overall, current liabilities increased consistently from approximately 3.65 billion US dollars in 2017 to nearly 5.87 billion US dollars in 2021, reflecting wider growth in short-term obligations aligned with operational expansion.
Long-Term Debt
Long-term debt rose from about 2.98 billion US dollars in 2017 to a peak of 4.12 billion US dollars in 2020, before declining to approximately 3.83 billion US dollars in 2021. This suggests active debt management, possibly through repayments or refinancing during the latest period.
Operating Lease Liabilities, Less Current Portion
Starting from 2019, long-term operating lease liabilities were reported, increasing from 1.65 billion US dollars to a peak of approximately 1.72 billion in 2020, with a slight decrease in 2021. This reflects recognition of future lease obligations aligned with accounting rule changes.
Deferred Income Taxes
Deferred income taxes showed a steady increase from about 85.4 million US dollars in 2017 to 175.2 million US dollars in 2021, indicating greater timing differences in tax reporting or changes in tax-related assets and liabilities.
Other Liabilities
Other liabilities remained relatively stable between 171 million and 207 million US dollars over the five years, with minor fluctuations suggesting consistent management of miscellaneous obligations.
Noncurrent Liabilities
Noncurrent liabilities increased markedly from approximately 3.27 billion US dollars in 2017 to a high of 6.19 billion US dollars in 2020, before a slight reduction to 5.91 billion US dollars in 2021. This growth is largely attributable to increased long-term debt and lease liabilities.
Total Liabilities
Total liabilities expanded significantly from 6.92 billion US dollars in 2017 to 11.78 billion US dollars in 2021, showing substantial growth predominantly driven by both current and noncurrent obligations.
Equity Items
Common stock showed a gradual decline from 843 thousand US dollars in 2017 to 670 thousand US dollars in 2021, indicating minimal stock repurchases or adjustments. Additional paid-in capital was relatively stable around 1.26 to 1.31 billion US dollars, suggesting limited new equity issuance.
Retained Deficit
The retained deficit deepened progressively from approximately -613 million US dollars in 2017 to about -1.37 billion US dollars in 2021, reflecting cumulative net losses or dividend payments exceeding earnings during the period.
Accumulated Other Comprehensive Income (Loss)
This item appeared only from 2019 onwards, showing a positive balance of 4.9 million US dollars in 2019, subsequently turning negative with increasing magnitude to nearly -6.8 million US dollars by 2021, indicating unfavorable changes in items such as foreign currency adjustments or unrealized losses.
Shareholders’ Equity (Deficit)
Shareholders’ equity declined sharply from a positive 653 million US dollars in 2017 to a negative equity position of approximately -66 million US dollars in 2021. This shift indicates that liabilities have exceeded assets, potentially raising concerns about financial structure and solvency.
Total Liabilities and Shareholders’ Equity
This aggregate measure increased from about 7.57 billion US dollars in 2017 to around 11.72 billion US dollars in 2021, consistent with the growth in total liabilities and the movements in equity, depicting an overall expansion in the company’s balance sheet size.