CASEYS GENERAL STORES INC
For the period ended Jan 31, 2024. Filed Mar 11, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2024 · Filed Mar 11, 2024
CASY$698.48+0.9%Stored close · as of Nov 10, 2026
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Condensed consolidated statements of cash flows--- nine months ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine months ended January 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $414,952 | $390,599 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 257,453 | 232,500 |
| Amortization of debt issuance costs | 833 | 1,036 |
| Change in excess replacement cost over LIFO inventory valuation | 7,786 | 20,329 |
| Share-based compensation | 29,349 | 34,741 |
| Loss on disposal of assets and impairment charges | 892 | 5,977 |
| Deferred income taxes | 48,213 | 24,516 |
| Changes in assets and liabilities: | ||
| Receivables | (15,146) | (19,300) |
| Inventories | (33,762) | (10,433) |
| Prepaid expenses | (7,839) | (6,571) |
| Accounts payable | (93,480) | (100,714) |
| Accrued expenses | (10,905) | 20,869 |
| Income taxes | 2,335 | 39,548 |
| Other, net | 3,919 | 3,496 |
| Net cash provided by operating activities | 604,600 | 636,593 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (325,726) | (301,298) |
| Payments for acquisition of businesses, net of cash acquired | (296,809) | (13,202) |
| Proceeds from sales of assets | 20,351 | 13,551 |
| Net cash used in investing activities | (602,184) | (300,949) |
| Cash flows from financing activities: | ||
| Payments of long-term debt and finance lease obligations | (48,364) | (23,563) |
| Payments of cash dividends | (46,975) | (41,456) |
| Repurchase of common stock | (89,768) | — |
| Tax withholdings on employee share-based awards | (18,297) | (16,304) |
| Net cash used in financing activities | (203,404) | (81,323) |
| Net (decrease) increase in cash and cash equivalents | (200,988) | 254,321 |
|---|---|---|
| Cash and cash equivalents at beginning of the period | 378,869 | 158,878 |
| Cash and cash equivalents at end of the period | $177,881 | $413,199 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Continued)
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION
| Nine months ended January 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash paid during the period for: | ||
| Interest, net of amount capitalized | $43,316 | $37,765 |
| Income taxes, net | 72,037 | 56,289 |
| Noncash investing and financing activities: | ||
| Purchased property and equipment in accounts payable | 82,785 | 76,840 |
| Right-of-use assets obtained in exchange for new finance lease liabilities | 14,035 | 6,909 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 12,613 | 13,485 |
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