O'Reilly Auto Parts 2000 Annual Report Download - page 2

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FINANCIAL HIGHLIGHTS
(In thousands, except per share and operating data)
Years ended December 31, 2000 1999 Percent Change
Operations
Product sales $ 890,421 $ 754,122 18.1%
Operating income 90,029 76,920 17.0%
Net income 51,708 45,639 13.3%
Financial position
Working capital $ 296,272 $ 249,351 18.8%
Total assets 715,995 610,442 17.3%
Long-term debt 90,463 90,704 –
Shareholders’ equity 463,731 403,044 15.1%
Net income per common
share (diluted) $ 1.00 $ 0.92 8.7%
Weighted average common
shares outstanding (assuming dilution) 51,728 49,715 4.0%
Operating data
Stores at year end 672 571 17.7%
Same-store sales gain 4.0% 9.6% -5.6%
O’REILLY AUTOMOTIVE
2000 ANNUAL REPORT
TABLE OF CONTENTS
O’Reilly Leadership – Charged . . . . . . . . . . . .page 4–5
Team O’Reilly – Revved . . . . . . . . . . . . . . . . .page 6–7
Dual Market Strategy – Fueled . . . . . . . . . . .page 8–9
Distribution – Geared . . . . . . . . . . . . . . . . . . .page 10–11
Financial Information
Selected Consolidated Financial Data . . . . . . . .page 13
Management’s Discussion and Analysis . . . . . .page 15
Consolidated Financial Statements . . . . . . . . . .page 20
Notes to Consolidated Financial Statements . . .page 24
Report of Independent Auditors . . . . . . . . . . . .page 33
Directors and Management . . . . . . . . . . . . . . .page 34
Shareholder Information . . . . . . . . . . . . . . . . .page 36