AUTOZONE INC
For the period ended Feb 10, 2024. Filed Mar 15, 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.
Feb 10, 2024 · Filed Mar 15, 2024
AZO$3,217.44-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Twenty-Four Weeks Ended | ||||||
| · February 10, · · February 11, | ||||||
| (in thousands) · · 2024 · · 2023 | ||||||
| | | | | | | |
| Cash flows from operating activities: · · · | ||||||
| Net income | | $1,108,493 | | $1,015,862 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | |||
| Depreciation and amortization of property and equipment | | 245,192 | | 222,964 | ||
| Other non-cash (income) charges | | (16,000) | | 91,000 | ||
| Amortization of debt origination fees | | 5,551 | | 3,922 | ||
| Deferred income taxes | | 5,998 | | (4,697) | ||
| Share-based compensation expense | | 45,961 | | 42,379 | ||
| Changes in operating assets and liabilities: | | | | |||
| Accounts receivable | | 18,364 | | 22,273 | ||
| Merchandise inventories | | (198,425) | | (161,546) | ||
| Accounts payable and accrued expenses | | (17,062) | | (111,311) | ||
| Income taxes | | 96,282 | | 87,400 | ||
| Other, net | | (29,968) | | (60,185) | ||
| Net cash provided by operating activities | | 1,264,386 | | 1,148,061 | ||
| | | | | | | |
| Cash flows from investing activities: | | | | |||
| Capital expenditures | | (490,807) | | (259,234) | ||
| Purchase of marketable debt securities | | (14,038) | | (14,000) | ||
| Proceeds from sale of marketable debt securities | | 12,626 | | 3,450 | ||
| Investment in tax credit equity investments | | | (42,522) | | | (12,070) |
| Other, net | | (9,253) | | 11,846 | ||
| Net cash used in investing activities | | (543,994) | | (270,008) | ||
| | | | | | | |
| Cash flows from financing activities: | | | | |||
| Net (payments of) proceeds from commercial paper | | (32,228) | | 227,600 | ||
| Proceeds from issuance of debt | | 1,000,000 | | 1,000,000 | ||
| Repayment of debt | | | — | | | (300,000) |
| Net proceeds from sale of common stock | | 98,338 | | 72,758 | ||
| Purchase of treasury stock | | | (1,709,034) | | | (1,799,997) |
| Repayment of principal portion of finance lease liabilities | | (41,459) | | | (40,572) | |
| Other, net | | (8,462) | | (4,510) | ||
| Net cash used in financing activities | | (692,845) | | (844,721) | ||
| | | | | | | |
| Effect of exchange rate changes on cash | | (505) | | 3,574 | ||
| | | | | | | |
| Net increase in cash and cash equivalents | | 27,042 | | 36,906 | ||
| Cash and cash equivalents at beginning of period | | 277,054 | | 264,380 | ||
| Cash and cash equivalents at end of period | | $304,096 | | $301,286 | ||
AUTOZONE, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.