AUTOZONE INC

For the period ended Aug 30, 2025. Filed Oct 27, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Oct 27, 2025

AZO$3,217.44-1.0%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

AutoZone, Inc. Consolidated Statements of Cash Flows


· · Year Ended
· · · August 30, · · August 31, · · August 26,
· · · 2025 · · 2024 · · 2023
(in thousands) · · · (52 weeks) · · (53 weeks) · · (52 weeks)

Cash flows from operating activities: · · · · · · ·
Net income	$2,498,247	$2,662,427	$2,528,426
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	613,199	549,755	497,577
Other non-cash charges (income)	64,000	(40,000)	44,000
Amortization of debt origination fees	12,840	11,988	9,264
Deferred income taxes	115,389	(254,393)	(25,707)
Share-based compensation expense	124,717	106,246	93,087
Changes in operating assets and liabilities:
Accounts receivable	(118,606)	(38,282)	(6,674)
Merchandise inventories	(893,908)	(453,101)	(89,180)
Accounts payable and accrued expenses	657,408	244,134	(183,679)
Income taxes	68,447	296,398	92,832
Other, net	(24,396)	(81,056)	(19,158)
Net cash provided by operating activities	3,117,337	3,004,116	2,940,788

Cash flows from investing activities:
Capital expenditures	(1,327,257)	(1,072,696)	(796,657)
Purchase of marketable debt securities	(64,504)	(38,757)	(66,917)
Proceeds from sale of marketable debt securities	63,326	40,849	58,357
Investment in tax credit equity investments	(111,815)	(227,494)	(98,003)
Other, net	39,820	11,592	27,042
Net cash used in investing activities	(1,400,430)	(1,286,506)	(876,178)

Cash flows from financing activities:
Net proceeds from (payments of) commercial paper	168,600	(629,600)	606,200
Proceeds from issuance of debt	500,000	2,300,000	1,750,000
Repayment of debt	(900,000)	(300,000)	(800,000)
Net proceeds from sale of common stock	172,297	176,236	182,494
Purchase of treasury stock	(1,578,186)	(3,140,917)	(3,699,552)
Repayment of principal portion of finance lease liabilities	(96,154)	(85,258)	(81,055)
Other, net	(13,376)	(4,197)	(18,169)
Net cash used in financing activities	(1,746,819)	(1,683,736)	(2,060,082)

Effect of exchange rate changes on cash	3,543	(12,756)	8,146

Net (decrease) increase in cash and cash equivalents	(26,369)	21,118	12,674
Cash and cash equivalents at beginning of period	298,172	277,054	264,380
Cash and cash equivalents at end of period	$271,803	$298,172	$277,054

Supplemental cash flow information:
Interest paid, net of interest cost capitalized	$413,026	$353,819	$260,866
Income taxes paid	$313,488	$437,552	$570,250
Leased assets obtained in exchange for new finance lease liabilities	$95,759	$196,112	$58,316
Leased assets obtained in exchange for new operating lease liabilities	$533,197	$415,212	$428,150

See Notes to Consolidated Financial Statements.

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