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.

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Paying user area

Try for free

O’Reilly Automotive Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

O’Reilly Automotive Inc., consolidated cash flow statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: 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
Net income
Depreciation and amortization of property, equipment and intangibles
Amortization of debt discount and issuance costs
Deferred income taxes
Share-based compensation programs
Other
Accounts receivable
Inventory
Accounts payable
Income taxes payable
Other
Changes in operating assets and liabilities
Adjustments to reconcile net income to net cash provided by operating activities
Net cash provided by operating activities
Purchases of property and equipment
Proceeds from sale of property and equipment
Investment in tax credit equity investments
Other
Net cash used in investing activities
Proceeds from borrowings on revolving credit facility
Payments on revolving credit facility
Proceeds from the issuance of long-term debt
Principal payments on long-term debt
Payment of debt issuance costs
Repurchases of common stock
Net proceeds from issuance of common stock
Other
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash
Net increase (decrease) in cash and cash equivalents

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).

Net Income
Net income shows an overall upward trend with fluctuations. Beginning at approximately $265 million in March 2017, it generally increases to peaks around $530 million in late 2020, then stabilizes between $480 and $585 million by late 2022, indicating substantial growth over the period despite some volatility.
Depreciation and Amortization
Depreciation and amortization amounts gradually increase over the data periods, ranging from roughly $57 million in early 2017 to around $90 million by late 2022, reflecting ongoing capital investments and asset usage. This consistent upward movement suggests continual additions to the asset base or inflationary impacts on asset cost allocation.
Amortization of Debt Discount and Issuance Costs
This item exhibits a slow but steady increase from around $0.6 million in early 2017 to approximately $1.2 million in late 2022, consistent with the amortization schedules of debt issuance over time.
Deferred Income Taxes
Deferred income tax figures display significant volatility, frequently switching between positive and negative values. This pattern indicates periodic adjustments in tax deferrals likely influenced by changes in tax legislation, asset valuations, or timing differences in income recognition.
Share-Based Compensation Programs
Share-based compensation remains relatively stable in the $4.5 million to $6.5 million range across periods, with minor increases reflecting possible changes in equity incentive plans but overall steady compensation expense related to share awards.
Operating Assets and Liabilities (Working Capital Components)
Accounts receivable and inventory figures display substantial volatility, frequently shifting between positive and negative values, indicating variable collections and inventory management practices. Accounts payable increases markedly over time, reaching over $300 million by late 2022, suggesting extended payment terms or increased supplier obligations.
Income Taxes Payable
These figures fluctuate considerably, alternating between large positive and negative values, which may indicate timing differences in tax payments or adjustments related to tax provisions and refunds.
Changes in Operating Assets and Liabilities
These fluctuate widely across quarters, with notable peaks indicating periods of strong management of working capital, particularly during 2020 and 2021, which may reflect operational adjustments in response to market conditions.
Net Cash Provided by Operating Activities
There is a general upward trend in cash from operations, with some quarterly volatility. Cash flow peaks notably in 2020, surpassing $1 billion, before stabilizing around $700 to $950 million in subsequent periods, reflecting improved cash generation capability despite external challenges.
Investing Activities
Cash outflows for investing are consistently significant, predominantly due to property and equipment purchases. Purchases range mostly from approximately $100 million to $160 million quarterly, suggesting strong ongoing capital expenditures. Proceeds from asset sales remain minor by comparison. There are some large one-off investments in tax credit equity investments and other outflows noted in certain quarters.
Financing Activities
Cash flows from financing activities generally show net outflows, often driven by substantial common stock repurchases. Repurchases vary widely with peaks greater than $1 billion, particularly notable in 2020 and 2022, indicating aggressive capital return policies. Borrowing and repayment activity on credit facilities and long-term debt fluctuate considerably, reflecting active debt management.
Effect of Exchange Rate Changes on Cash
Effect of exchange rate changes on cash and cash equivalents is minimal and erratic throughout the periods, implying limited impact of currency fluctuations on liquidity.
Net Change in Cash and Cash Equivalents
Cash levels vary with significant swings, including large increases in early 2020 and late 2020 due to strong operating cash flows and financing activities, followed by sharp decreases in early 2021 and variable changes thereafter. This reflects the combined influence of operating performance, capital expenditures, financing decisions, and external factors on liquidity.