Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

O’Reilly Automotive Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Accounts payable	5,574,098)	5,258,712)	4,943,283)	4,695,312)	4,608,549)	4,583,570)	4,318,462)	4,184,662)	4,083,805)	3,936,400)	3,758,199)	3,604,722)	3,606,571)	3,516,150)	3,438,679)	3,376,403)	3,384,098)	3,314,671)	3,222,785)	3,190,029)	3,154,250)	3,091,888)	2,987,996)
Self-insurance reserves	142,390)	137,281)	137,627)	128,794)	122,551)	118,259)	116,628)	109,199)	91,118)	90,890)	83,262)	79,079)	75,158)	77,120)	77,359)	77,012)	75,440)	74,018)	74,826)	71,695)	72,223)	70,198)	70,479)
Accrued payroll	109,095)	106,814)	93,623)	107,588)	89,095)	129,025)	131,927)	88,875)	127,841)	107,116)	103,804)	100,816)	104,161)	87,531)	94,192)	86,520)	89,721)	81,245)	84,579)	77,147)	80,953)	70,538)	75,762)
Accrued benefits and withholdings	167,452)	148,805)	139,392)	234,872)	288,134)	221,382)	195,563)	242,724)	202,198)	140,446)	72,561)	98,539)	87,386)	75,119)	65,106)	89,082)	83,113)	73,006)	62,435)	69,308)	65,574)	59,099)	49,081)
Income taxes payable	63,916)	2,080)	128,302)	—)	158,481)	29,776)	155,491)	16,786)	4,553)	91,797)	12,884)	—)	100,472)	9,507)	92,816)	11,013)	—)	13,676)	66,618)	—)	6,175)	31,803)	89,640)
Current portion of operating lease liabilities	360,529)	341,705)	334,884)	337,832)	336,962)	333,624)	329,334)	322,778)	318,533)	318,601)	316,932)	316,061)	308,726)	304,034)	296,605)	—)	—)	—)	—)	—)	—)	—)	—)
Other current liabilities	423,999)	417,792)	393,762)	370,217)	385,982)	355,976)	355,793)	297,393)	341,553)	336,886)	277,290)	270,210)	298,380)	290,931)	261,575)	253,990)	272,709)	262,302)	236,938)	239,187)	249,325)	242,607)	232,805)
Current portion of long-term debt	—)	—)	—)	—)	—)	—)	299,880)	—)	499,783)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	6,841,479)	6,413,189)	6,170,873)	5,874,615)	5,989,754)	5,771,612)	5,903,078)	5,262,417)	5,669,384)	5,022,136)	4,624,932)	4,469,427)	4,580,854)	4,360,392)	4,326,332)	3,894,020)	3,905,081)	3,818,918)	3,748,181)	3,647,366)	3,628,500)	3,566,133)	3,505,763)
Long-term debt, less current portion	4,370,772)	4,669,833)	3,827,891)	3,826,978)	3,826,073)	3,825,177)	3,824,288)	4,123,217)	4,122,424)	4,127,397)	4,471,248)	3,890,527)	3,703,628)	3,783,738)	3,460,921)	3,417,122)	3,174,327)	3,253,538)	3,193,066)	2,978,390)	2,900,816)	2,604,062)	1,977,539)
Operating lease liabilities, less current portion	1,809,241)	1,683,216)	1,698,787)	1,701,757)	1,729,013)	1,747,267)	1,761,732)	1,718,691)	1,640,646)	1,652,284)	1,661,991)	1,655,297)	1,642,178)	1,631,719)	1,629,311)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred income taxes	218,087)	203,744)	180,612)	175,212)	172,807)	177,118)	165,396)	155,899)	174,177)	155,530)	73,212)	133,280)	117,551)	113,533)	109,480)	105,566)	102,640)	94,430)	89,776)	85,406)	131,847)	98,048)	92,610)
Other liabilities	203,912)	205,137)	210,499)	206,568)	212,591)	210,465)	203,370)	196,160)	188,095)	182,088)	168,635)	171,289)	162,294)	167,879)	163,153)	210,414)	214,287)	214,864)	211,806)	207,677)	203,986)	208,143)	205,216)
Noncurrent liabilities	6,602,012)	6,761,930)	5,917,789)	5,910,515)	5,940,484)	5,960,027)	5,954,786)	6,193,967)	6,125,342)	6,117,299)	6,375,086)	5,850,393)	5,625,651)	5,696,869)	5,362,865)	3,733,102)	3,491,254)	3,562,832)	3,494,648)	3,271,473)	3,236,649)	2,910,253)	2,275,365)
Total liabilities	13,443,491)	13,175,119)	12,088,662)	11,785,130)	11,930,238)	11,731,639)	11,857,864)	11,456,384)	11,794,726)	11,139,435)	11,000,018)	10,319,820)	10,206,505)	10,057,261)	9,689,197)	7,627,122)	7,396,335)	7,381,750)	7,242,829)	6,918,839)	6,865,149)	6,476,386)	5,781,128)
Common stock, $0.01 par value	628)	638)	659)	670)	677)	691)	697)	711)	733)	741)	742)	756)	757)	767)	783)	790)	803)	810)	823)	843)	853)	880)	913)
Additional paid-in capital	1,292,725)	1,286,651)	1,309,071)	1,305,508)	1,296,358)	1,295,363)	1,274,033)	1,280,841)	1,303,699)	1,289,976)	1,271,250)	1,280,760)	1,259,544)	1,258,930)	1,268,032)	1,262,063)	1,265,827)	1,247,837)	1,247,366)	1,265,043)	1,267,810)	1,296,674)	1,331,416)
Retained earnings (deficit)	(2,494,833)	(2,391,108)	(1,636,267)	(1,365,802)	(1,430,060)	(1,075,769)	(1,275,409)	(1,139,139)	(578,172)	(679,506)	(1,137,392)	(889,066)	(1,094,082)	(1,115,015)	(896,450)	(909,186)	(768,251)	(863,657)	(824,361)	(612,840)	(654,484)	(428,242)	90,267)
Accumulated other comprehensive income (loss)	(3,983)	(3,611)	(1,736)	(6,799)	(7,828)	(2,591)	(6,298)	(2,155)	(17,035)	(22,111)	(25,756)	4,890)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Shareholders’ equity (deficit)	(1,205,463)	(1,107,430)	(328,273)	(66,423)	(140,853)	217,694)	(6,977)	140,258)	709,225)	589,100)	108,844)	397,340)	166,219)	144,682)	372,365)	353,667)	498,379)	384,990)	423,828)	653,046)	614,179)	869,312)	1,422,596)
Total liabilities and shareholders’ equity (deficit)	12,238,028)	12,067,689)	11,760,389)	11,718,707)	11,789,385)	11,949,333)	11,850,887)	11,596,642)	12,503,951)	11,728,535)	11,108,862)	10,717,160)	10,372,724)	10,201,943)	10,061,562)	7,980,789)	7,894,714)	7,766,740)	7,666,657)	7,571,885)	7,479,328)	7,345,698)	7,203,724)

Accounts Payable: Accounts payable demonstrated a consistent upward trajectory from approximately 2,987,996 thousand USD at the end of Q1 2017 to 5,574,098 thousand USD by Q3 2022. This steady increase suggests growing payables obligations, potentially tied to scaling operational activities or supplier financing trends over the periods analyzed.
Self-Insurance Reserves: Self-insurance reserves exhibited moderate growth over the period, rising from roughly 70,479 thousand USD at Q1 2017 to about 142,390 thousand USD by Q3 2022. This upward movement reflects a conservative approach to risk management with incremental reserve accumulation.
Accrued Payroll: Accrued payroll values showed volatility, with peaks noted in Q3 2020 (127,841 thousand USD) and again in mid-to-late 2021, though the amounts fluctuated considerably quarter-to-quarter. The variations may be influenced by changes in staffing costs, payroll timing, or bonus accruals.
Accrued Benefits and Withholdings: There was a marked increase in accrued benefits and withholdings beginning in 2020, jumping from 72,561 thousand USD in Q1 2020 to almost 288,134 thousand USD in Q3 2021, before fluctuating thereafter. This spike could relate to changes in benefit plans, regulatory impacts, or deferred compensation effects during the pandemic period.
Income Taxes Payable: Income taxes payable demonstrated high variability with several missing quarters, ranging from low single-digit thousands to over 158,000 thousand USD. The sporadic nature and strong fluctuations indicate irregular tax payment schedules or changes in taxable income recognition.
Current Portion of Operating Lease Liabilities: Starting from Q1 2019, operating lease liabilities steadily increased from approximately 296,605 thousand USD to 360,529 thousand USD, with minor quarters of plateau. This indicates increased lease commitments, possibly due to expansion of leased assets.
Other Current Liabilities: Other current liabilities showed growth overall, from modestly over 232,805 thousand USD in early 2017 to about 423,999 thousand USD by Q3 2022. Despite some fluctuations, the upward trend aligns with expanding operational or contractual obligations.
Current Portion of Long-Term Debt: The data for current portion of long-term debt is sparse, but available points show significant values, notably a peak at 499,783 thousand USD, followed by a drop to 299,880 thousand USD in subsequent quarters. This irregularity may reflect refinancing activities or loan repayments.
Current Liabilities: Total current liabilities increased steadily over the analyzed periods, rising from approximately 3,505,763 thousand USD in Q1 2017 to over 6,841,479 thousand USD by Q3 2022. This consistent growth underlines expanding short-term obligations in line with operational scale and contractual demands.
Long-Term Debt, Less Current Portion: Long-term debt excluding current portions showed escalation from about 1,977,539 thousand USD in early 2017 to over 4,370,772 thousand USD in Q3 2022. Fluctuations within this period suggest active debt management, with refinancing, repayments, or additional borrowings shaping the trajectory.
Operating Lease Liabilities, Less Current Portion: From Q1 2019 onward, noncurrent operating lease liabilities maintained a relatively stable range between 1,629,311 thousand USD and 1,809,241 thousand USD by Q3 2022. This stability indicates committed long-term lease arrangements with minor adjustments.
Deferred Income Taxes: Deferred income taxes grew over the timeline, beginning near 92,610 thousand USD in Q1 2017 and reaching 218,087 thousand USD by Q3 2022. Some variability appears, with declines around 2019 and early 2020, possibly reflecting tax planning and timing differences.
Other Liabilities: Other liabilities remained relatively stable, fluctuating around the 200,000 thousand USD mark, with a slight overall decline from 205,216 thousand USD in early 2017 to approximately 203,912 thousand USD by Q3 2022. This suggests consistency in miscellaneous obligations without significant structural changes.
Noncurrent Liabilities: Noncurrent liabilities present a general increasing pattern, rising from about 2,275,365 thousand USD to over 6,602,012 thousand USD at Q3 2022. Notable jumps occurred between 2018 and 2019, reflecting substantial increases in long-term debt or lease commitments.
Total Liabilities: Total liabilities grew steadily and substantially from 5,781,128 thousand USD in early 2017 to more than 13,443,491 thousand USD by Q3 2022. This doubling trend corresponds with increasing leverage or expanded operational scale financing.
Common Stock: Shares common stock par value decreased slightly over the timeline from 913 thousand USD to 628 thousand USD. This slight reduction might be attributed to share repurchases or adjustments in par value-related accounting.
Additional Paid-In Capital: Additional paid-in capital remained largely stable, fluctuating modestly within the 1,241,366 thousand to 1,302,725 thousand USD range. This stability reflects limited equity issuance or retirement activity.
Retained Earnings (Deficit): Retained earnings consistently showed a deficit, declining from a positive balance of 90,267 thousand USD in Q1 2017 to a negative position exceeding 2,494,833 thousand USD by Q3 2022. This trend indicates persistent accumulations of losses or distributions exceeding net income over several years.
Accumulated Other Comprehensive Income (Loss): Accumulated other comprehensive income/loss data, available selectively from late 2019, generally shows negative values increasing in magnitude over time, peaking around -7,828 thousand USD. This suggests recognized comprehensive losses, possibly linked to foreign currency translation or other comprehensive elements.
Shareholders’ Equity (Deficit): Shareholders’ equity presented significant volatility and negative trends, shifting from a positive 1,422,596 thousand USD in Q1 2017 to a deficit exceeding 1,205,463 thousand USD by Q3 2022. The negative equity positions in several years highlight financial strain or sustained losses impacting net worth.
Total Liabilities and Shareholders’ Equity (Deficit): The total of liabilities and shareholders’ equity rose progressively from approximately 7,203,724 thousand USD to about 12,238,028 thousand USD at Q3 2022, consistent with expanded balance sheet size. The growth reflects the combined effect of increasing liabilities and the fluctuations in equity positions over time.

AI Ask an analyst for more

Download chart

O’Reilly Automotive Inc. (NASDAQ:ORLY)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data