O'Reilly Auto Parts 2011 Annual Report Download - page 35

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0
)
2
0
5
3
25
Years ended December 31,
SELECTED OPERATING
DATA:
Number o f s to res at yea r e nd (a ) 3,740 3,570 3,421 3,285 1,830 1,640 1,470 1,249 1,109 981
Total store square footage at year end
(in 000s )(a)(b)
26,530 25,315 24,200 23,205 12,439 11,004 9,801 8,318 7,348 6,408
Sales per weighted-average store
(in 000s )(a)(b)
$
1,566
$
1,527
$
1,424
$
1,379
$
1,430
$
1,439
$
1,478
$
1,443
$
1,413
$
1,372
Sales per weighted-average square
foot (in 000s)(b)
$
221
$
216
$
202
$
201
$
212
$
215
$
220
$
217
$
215
$
211
Percentage increase in same store
sales (c)(d)
4.6% 8.8% 4.6% 1. 5 % 3.7% 3.3% 7.5% 6.8% 7.8% 3.7%
BALANCE SHEET DATA:
(In thousands)
Working capital
1,027,600
1,072,294
1,007,576
821,932
573,328
566,892
424,974
479,662
441,617
483,623
Total assets 5,500,501 5,047,827 4,781,471 4,193,317 2,279,737 1,977,496 1,718,896 1,432,357 1,157,033 1,009,419
Inventory turnover 1.5 1.4 1.4 1.6 1.6 1.6 1.7 1.6 1.7 1.5
Inventory turnover, net of payables 3.4 2.5 2.6 3.1 3.0 2.8 2.8 2.5 2.3 1.8
Accounts payable to inventory 64.4% 44.3% 42.8% 46.9% 43.2% 39.2% 40.3% 38.5% 27.9% 16.9%
Current portion of long-term debt and
sho rt-term debt
662 1,431 106,708 8,131 25,320 309 75,313 592 925 682
Long-term debt, less current portion 796,912 357,273 684,040 724,564 75,149 110,170 25,461 100,322 120,977 190,470
Shareho lders’ equity 2,844,851 3,209,685 2,685,865 2,282,218 1,592,477 1,364,096 1,145,769 947,817 784,285 650,524
2005
2004
2003
2002
2011
2010
2009
2008
2007
2006
(a) Store count for 2002 does not include 27 stores acquired from Dick Smith Enterprises and Davie Automotive, Inc. in December 2002.
(b) Total square footage includes normal selling, office, stockroom and receiving space. Sales per weighted-average store and square foot are weighted to consider the
approximate dates of store openings or expansions.
(c) Same-store sales are calculated based on the change in sales of stores open at least one year. Percentage increase in same-store sales is calculated based on store sales
results, which exclude sales of specialty machinery, sales by outside salesmen, sales to Team Members and sales during the one to two week period certain CSK branded
stores were closed for conversion.
(d) Same-store sales for 2008 include sales for stores acquired in the CSK acquisition. Comparable stores sales for stores operating on O’Reilly systems open at least
one year increased 2.6% for the year ended December 31, 2008. Comparable stores sales for stores operating on the legacy CSK system open at least one year decreased
1.7% for the portion of CSK’s sales in 2008 since the July 11, 2008, acquisition.
FORM 10-K