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PAGE
0.1
O’REILLY AUTOMOTIVE 2001 ANNUAL REPORT
A MODEL YEAR
INSIDE:
PAGE 0.2: LETTER TO SHAREHOLDERS PAGE 0.4: GEOGRAPHIC TERRITORY PAGE 0.6: TEAM O’REILLY
PAGE 0.8: DUAL MARKET STRATEGY PAGE 0.10: DISTRIBUTION NETWORK PAGE 0.13: FINANCIAL INFORMATION
FINANCIAL HIGHLIGHTS
(In thousands, except per share and operating data)
Years ended December 31, 2001 2000 % change
OPERATIONS
Product Sales $ 1,092,112 $890,421 22.7%
Operating Income 113,831 90,029 26.4%
Net Income 66,352 51,708 28.3%
FINANCIAL POSITION
Working Capital $ 429,527 $296,272 45.0%
Total Assets 856,859 715,995 19.7%
Long-Term Debt 165,618 90,463 83.1%
Shareholders’ Equity 556,291 463,731 20.0%
Net Income Per Common
Share (diluted) $ 1.26 $1.00 26.0%
Weighted-Average Common
Shares Outstanding
(assuming dilution) 52,786 51,728 2.1%
OPERATING DATA
Stores At Year-End 875 672 30.2%
Same-Store Sales Gain 8.2% 4.0% 105.0%
0.0 96 97 98 99 00 01
0.2
0.4
0.6
0.8
1.0
1.2
$1.00
$0.92
$0.71
$0.54
$0.45
$1.26
96 97 98 99 00 01
1,000 875
672
571
491
259
219
800
600
400
200
0
EARNINGS PER SHARE
(ASSUMING DILUTION)
Our 10-year compound average growth
rate in earnings per share is 20.8%.
NUMBER OF STORES
Our growth plans for 2002 include
opening at least 100 new stores.
YEAR IN REVIEW
OPENED 121 NEW STORES.
TEAM O’REILLY ACHIEVED OUR 1-5-U
GOAL OF $1 BILLION IN SALES ONE
YEAR EARLY WITH PRODUCT SALES
INCREASING 22.7% TO $1.09 BILLION.
ACQUIRED MID-STATE AUTOMOTIVE
DISTRIBUTORS, INC. INCLUDING
82 NET NEW STORES AND 2
DISTRIBUTION CENTERS.
NET INCOME INCREASED 28.3%
TO $66.4 MILLION.
OVER 12,500 TEAM MEMBERS STRONG.
A TOTAL OF 875 STORES AND 9
DISTRIBUTION CENTERS LOCATED
IN 16 STATES.