O reilly automotive inc (ORLY)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating activities:
Net income

1,391,042

1,324,487

1,133,804

1,037,691

931,216

778,182

670,292

585,746

507,673

419,373

307,498

186,232

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and intangibles

270,875

258,937

233,845

217,866

210,256

194,205

183,180

177,106

165,880

161,442

148,179

107,345

Amortization of debt discount and issuance costs

3,916

3,470

2,871

2,451

2,106

2,086

2,054

1,788

1,797

7,852

7,758

4,084

Amortization of intangibles

-

-

-

-

-

-

-

-

-

-

-

5,653

Amortization of premium on exchangeable notes

-

-

-

-

-

-

-

-

-

-

-

352

Write-off of asset-based revolving credit facility debt issuance costs

-

-

-

-

-

-

-

-

21,626

0

0

-

Excess tax benefit from share-based compensation

-

-

-

-

-

49,150

30,811

38,631

22,985

18,587

10,215

2,184

Deferred income taxes

21,158

20,160

-4,593

10,394

-22,650

1,487

1,919

8,162

54,120

99,257

50,381

11,031

Gain on settlement of note receivable

-

-

-

-

-

-

-

-

-

-11,639

0

-

Stock option compensation programs

-

-

-

-

-

-

-

-

-

-

-

7,991

Share-based compensation programs

21,921

20,176

19,401

18,859

21,899

23,095

21,722

22,026

20,579

16,973

21,413

5,563

Other

-7,529

-9,895

-11,790

-6,434

-6,839

-5,592

-7,405

-7,464

-8,292

-6,893

-8,739

8,226

Changes in operating assets and liabilities:
Accounts receivable

15,577

-18,138

27,742

38,548

23,858

19,271

16,937

-4,404

21,219

21,748

9,714

7,437

Inventory

239,912

163,367

231,802

119,270

76,226

179,742

96,876

276,904

-37,740

110,271

339,742

142,333

Accounts payable

213,423

177,676

253,265

322,427

191,064

360,646

127,178

645,706

383,632

82,574

79,824

50,410

Income taxes payable

-20,139

22,903

14,220

26,880

81,617

32,158

24,777

71,346

-8,625

15,346

6,505

26,677

Accrued payroll

14,296

9,373

5,430

12,616

-19,341

12,923

5,400

7,655

-269

9,939

-16,830

-602

Accrued benefits and withholdings

16,868

28,022

3,042

-256

18,904

28,899

2,355

5,464

1,500

8,930

6,018

13,874

Other

-23,079

2,315

9,844

-13,169

-23,662

680

-6,368

-30,223

30,750

-37,353

-25,386

24,364

Net cash provided by operating activities

1,708,479

1,727,555

1,403,687

1,510,713

1,345,488

1,190,430

908,026

1,251,555

1,118,991

703,687

285,200

298,542

Investing activities:
Cash component of acquisition price of CSK Automotive, Inc., net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

33,767

Purchases of property and equipment

628,057

504,268

465,940

476,344

414,020

429,987

395,881

300,719

328,319

365,419

414,779

341,679

Proceeds from sale of property and equipment

7,118

4,784

4,464

5,119

2,758

2,880

1,731

3,044

2,715

2,124

4,288

1,246

Investment in tax credit equity investments

33,781

0

0

-

-

-

-

-

-

-

-

-

Payments received on notes receivable

-

-

-

1,047

4,074

3,705

5,396

4,157

5,435

17,364

5,819

5,342

Other

142,026

34,818

2,747

58,918

0

0

-

23,889

-516

5,346

5,989

-1,261

Net cash used in investing activities

-796,746

-534,302

-464,223

-529,096

-407,188

-423,402

-388,754

-317,407

-319,653

-351,277

-410,661

-367,597

Financing activities:
Proceeds from borrowings on revolving credit facility

2,708,000

2,414,000

3,101,000

0

0

-

-

-

42,400

548,700

664,550

925,256

Payments on revolving credit facility

2,734,000

2,473,000

2,755,000

0

0

-

-

-

398,400

871,500

599,950

311,056

Proceeds from the issuance of long-term debt

499,955

498,660

748,800

499,160

0

0

299,976

298,881

795,963

0

0

-

Payment of debt issuance costs

3,990

3,923

7,590

4,125

0

0

2,967

2,376

9,942

0

0

43,239

Principal payments on capital leases

-

-

-

-

25

72

224

935

1,443

108,527

13,648

534,944

Repurchases of common stock

1,432,791

1,714,013

2,172,530

1,505,437

1,136,213

866,484

933,028

1,445,287

976,632

0

0

-

Debt prepayment costs

-

-

-

-

-

-

-

-

-

-

-

-7,157

Issuance cost of equity exchanged in CSK acquisition

-

-

-

-

-

-

-

-

-

-

-

1,218

Excess tax benefit from share-based compensation

-

-

-

-

-

49,150

30,811

38,631

22,985

18,587

10,215

2,184

Net proceeds from issuance of common stock

60,206

72,146

45,762

59,634

64,613

69,620

69,350

63,514

57,562

63,116

59,508

22,995

Other

-191

-2,156

-156

-552

-934

-

-

-

-

-

420

-20

Net cash provided by (used in) financing activities

-902,811

-1,208,286

-1,039,714

-951,320

-1,072,559

-747,786

-536,082

-1,047,572

-467,507

-349,624

121,095

52,801

Effect of exchange rate changes on cash

169

0

0

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

9,091

-15,033

-100,250

30,297

-134,259

19,242

-16,810

-113,424

331,831

2,786

-4,366

-16,254

Supplemental disclosures of cash flow information:
Income taxes paid

394,931

311,376

496,728

569,677

485,824

416,458

362,596

274,637

252,769

154,146

130,720

74,227

Interest paid, net of capitalized interest

134,634

117,938

77,766

63,648

55,061

51,203

46,760

34,655

13,350

31,211

36,881

17,824

Property and equipment acquired through issuance of capital lease obligations

-

-

-

-

-

-

-

-

-

-

8,337

4,847