O'Reilly Auto Parts 2012 Annual Report Download

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2012 Annual Report
Driving top-notch service to the next level
IN-TUNE WITH CUSTOMERS

Table of contents

  • Page 1
    2012 Annual Report IN-TUNE WITH CUSTOMERS Driving top-notch service to the next level

  • Page 2
    ... operating data YEARS ENDED DECEMBER 31, 2012 2011 2010 2009 2008 Store Count Percentage Increase in Same-Store Sales Sales Operating Income Net Income Accounts Payable to Inventory Working Capital Total Assets Total Debt Shareholders' Equity Earnings Per Share (assuming dilution) Weighted-Average...

  • Page 3
    ... LY A U T O M O T I V E 2 0 1 2 A N N U A L R E P O R T Same-Store Sales (percentage increase) Operating Income as a Percentage of Sales Diluted Earnings Per Share Free Cash Flow (in millions) Return on Invested Capital 3.8% 15.8% $ 4.75 $ 951 20.8% 08 09 10 11 12 08 09 10 11 12 08 09...

  • Page 4
    ... with two men - C.F. and Chub O'Reilly - who had the courage and confidence to set out on their own. Along with a team of 11 others who shared their values of honesty, integrity and hard work, they established a Company whose fundamental mission is providing outstanding customer service, every day.

  • Page 5
    ... BEEN INSTRUMENTAL TO OUR SUCCESS 2012 These key values of honesty, integrity and hard work have been instilled in, and are lived by, our Team Members every day. Our fundamental mission of providing outstanding customer service has resulted in 55 years of consistent, strong and profitable growth.

  • Page 6
    ... values have been instrumental to our dynamic growth and will pave the way for our future success. We are very proud of the strong company we have built over the past 55 years and are very excited about the opportunities to build upon our past successes and continue our strong profitable growth.

  • Page 7
    ...since the Company was formed in 1957. The high-energy conference was a tremendous success, and our management team left fired up to execute our growth plan and profitably grow market share. Growing Market Share The engine that will continue to drive our profitable growth, and our number one priority...

  • Page 8
    ...42 states. During 2012, we opened 180 net, new stores staffed with well trained teams eager to aggressively execute our proven Dual Market Strategy. Our strategically located, regional distribution centers provide access to unsurpassed levels of parts availability to our stores seven days a week. We...

  • Page 9
    ... network of 24 strategically located regional distribution centers has capacity to service over 400 additional stores, and with this capacity spread throughout the country, we can effectively support each new store with a strong management team and drive the continued, profitable investment in our...

  • Page 10
    ... generating record free cash flow, we have been able to directly return $2.6 billion in value to our shareholders over the past two years by repurchasing 34 million shares at an average price of $76.37. These share repurchases, along with our strong top-line sales growth and record 15.8% operating...

  • Page 11
    ...Patterson Avenue Springfield, Missouri 65802 (Address of principal executive offices, Zip code) (417) 862-6708 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Common Stock, $0.01 par value Name of Each Exchange on...

  • Page 12
    ...the registrant's documents specified below are incorporated here by reference: Document Form 10-K Part Part III Proxy Statement for 2013 Annual Meeting of Shareholders (to be filed pursuant to Regulation 14A within 120 days of the end of registrant's most recently completed fiscal year) FORM 10-k 2

  • Page 13
    ... with Accountants on Accounting and Financial Disclosure Item 9. Item 9A. Controls and Procedures Item 9B. Other Information Item 5. Part III Directors, Executive Officers and Corporate Governance Executive Compensation Security Ownership of Certain Beneficial Owners and Management and Related...

  • Page 14
    ... remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives...

  • Page 15
    ... in-store service through highly-motivated, technically-proficient store personnel ("Professional Parts People") using an advanced point-of-sale system an extensive selection and availability of products attractive stores in convenient locations competitive pricing, supported by a good, better, best...

  • Page 16
    ...who average 13 years of service. Our management team has demonstrated the consistent ability to successfully execute our business plan and growth strategy by generating 20 consecutive years of record revenues and earnings and positive comparable store sales results since becoming a public company in...

  • Page 17
    ...498 were employed at our corporate and regional offices. A union represents 49 stores (527 Team Members) in the Greater Bay Area in California, and has for many years. In addition, approximately 71 Team Members who drive over-the-road trucks in two of our DCs are represented by a labor union. Except...

  • Page 18
    ... customer service. Moreover, our store automation systems capture detailed sales information which assists in store management, strategic planning, inventory control and distribution efficiency. New Store Site Selection: In selecting sites for new stores, we seek to strategically locate store sites...

  • Page 19
    ...attending a week-long manager development program at the corporate headquarters in Springfield, Missouri. Store and district managers also receive continuous training through on-line assignments, field workshops and regional meetings. We provide financial incentives to all store Team Members through...

  • Page 20
    ...of this Form 10-K for a detailed listing of DC operating square footages). Our DCs electronically receive orders from computers located in each of our stores. Our DCs stock an average of 142,000 SKUs and most DCs are linked to multiple other regional DCs' inventory. Our DCs provide five-night-a-week...

  • Page 21
    ...Auto Repair Center Program, a program that provides professional service providers with business tools they can utilize to profitably grow and market their shops FORM 10-k Marketing to the Independently Owned Parts Store: Along with the daily operation and management of the DCs and the distribution...

  • Page 22
    ... our low price guarantee, each of our stores will match any verifiable price on any in-stock product of the same or comparable quality offered by our competitors in the same market area. Customer Payments and Returns Policy Our stores accept cash, checks, debit and credit cards. We also grant credit...

  • Page 23
    ...age 50, Executive Vice President of Store Operations and Sales, has been an O'Reilly Team Member for 24 years. Mr. Shaw's primary areas of responsibility are Store Operations and Sales. His O'Reilly career started as a Parts Specialist, and has progressed through the roles of Store Manager, District...

  • Page 24
    ... O'Reilly Team Member for 39 years. Mr. Johnson's primary area of responsibility is Inventory Management, Purchasing, Logistics, and Store Design. He began his career in a DC in 1973, working in the stocking, shipping and will call counter departments, and was promoted to Customer Service Manager in...

  • Page 25
    ... may have a lesser impact on failure rates of automotive parts. In addition, our stores and DCs located in coastal regions may be subject to increased insurance claims resulting from regional weather conditions and our results of operations and financial condition could be adversely affected. We...

  • Page 26
    ... publicity, governmental investigations or litigation, which can negatively impact these perceptions and lead to adverse affects on our business or Team Members. Sales of shares of our common stock eligible for future sale could adversely affect our share price. All of the shares of common stock...

  • Page 27
    ... rates. Decreased participation in our vendor financing programs would lead to an increase in working capital needed to operate the business adversely affecting our cash flow. A breach of customer, Team Member or Company information could damage our reputation or result in substantial additional...

  • Page 28
    ...fuel prices. FORM 10-k Our business is subject to employment laws and regulations, including requirements related to minimum wage. Our success depends, in part, on our ability to manage operating costs and to look for opportunities to reduce costs. Our ability to meet labor needs, while controlling...

  • Page 29
    ... regarding our DCs, returns facilities and corporate offices as of December 31, 2012: Location Atlanta, GA Belleville, MI Billings, MT Dallas, TX Denver, CO Des Moines, IA Greensboro, NC Houston, TX Indianapolis, IN Kansas City, MO Knoxville, TN Lewiston, ME Little Rock, AR Lubbock, TX Mobile, AL...

  • Page 30
    ... the aggregate, these matters, taking into account applicable insurance and reserves, will have a material adverse effect on its consolidated financial position, results of operations or cash flows in a particular quarter or annual period. In addition, O'Reilly was involved in resolving governmental...

  • Page 31
    ... of individual participants represented by security position listings. The prices in the following table represent the high and low sales price for the Company's common stock as reported by Nasdaq. 2012 High First Quarter Second Quarter Third Quarter Fourth Quarter For the Year $ 91.51 106.71 94.56...

  • Page 32
    ...300.00 FORM 10-k $250.00 $200.00 $150.00 $100.00 $50.00 $- Dec. 31, 2007 Dec. 31, 2008 Dec. 31, 2009 Dec. 31, 2010 Dec. 30, 2011 Nasdaq US Dec. 31, 2012 S&P 500 O'Reilly Automotive, Inc. Nasdaq Retail Trade Stocks Company/Index O'Reilly Automotive, Inc. Nasdaq Retail Trade Stocks Nasdaq US...

  • Page 33
    ... data over a ten-year period. In 2005 and 2008, the Company acquired Midwest Auto Parts Distributors and CSK Auto Corporation ("CSK"), respectively. The 2005 Midwest acquisition added 72 stores and the 2008 CSK acquisition added 1,342 stores to the O'Reilly store count. Financial results for these...

  • Page 34
    ...accounting change (a) Earnings per share - assuming dilution Weighted-average common shares outstanding - assuming dilution PRO FORMA INCOME STATEMENT DATA: (c) Sales Cost of goods sold, including warehouse and distribution expenses Gross profit Selling, general and administrative expenses Operating...

  • Page 35
    ... OPERATING DATA: Number of Team Members at year end Number of stores at year end Total store square footage at year end (in 000s)(a) Sales per weighted-average store (in 000s)(a) $ Sales per weighted-average square foot (in 000s)(a) $ Percentage increase in same store sales (b)(c) BALANCE SHEET...

  • Page 36
    ... is a driver of sales and profitability in our industry. As of December 31, 2012, we operated 3,976 stores in 42 states. Operating within the retail industry, we are influenced by a number of general macroeconomic factors including, but not limited to, fuel costs, unemployment rates, consumer...

  • Page 37
    ... Board of Directors in January of 2011, the Company may, from time to time, repurchase shares of its common stock, solely through open market purchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate trading policy requirements and...

  • Page 38
    ... closed Sales for stores opened throughout 2012 Non-store sales: Includes sales of machinery and sales to independent parts stores and Team Members Total increase in sales $ 215 78 (3) 96 7 393 We believe the increased sales achieved by our stores are the result of high levels of customer service...

  • Page 39
    ... focus on inventory control and accountability through our distribution and store networks. Commercial sales typically carry a lower gross profit as a percentage of sales than DIY sales, as volume discounts are granted on wholesale transactions to professional service provider customers, therefore...

  • Page 40
    ...and stock sale profits previously received by the officer. This "clawback" amount was included in "Operating income" on our Consolidated Statements of Income for the year ended December 31, 2011. Our results for the year ended December 31, 2011, also included one-time charges associated with the new...

  • Page 41
    ...store managers with better tools to track and control inventory, resulting in improved inventory shrinkage. Distribution center efficiencies were the result of leverage on increased sales volumes and more tenured and experienced distribution center Team Members in our newer DCs. Professional service...

  • Page 42
    ... and stock sale profits previously received by the officer (discussed in detail below - see Note 12 Legal Matters to the Consolidated Financial Statements) versus a $21 million charge to operating income in the prior year, related to the previously announced legacy United States Department of...

  • Page 43
    ... accompanying reconciliation to the most directly comparable GAAP measures. LIQUIDITY AND CAPITAL RESOURCES Our long-term business strategy requires capital to open new stores, fund strategic acquisitions, expand distribution infrastructure, operate and maintain existing stores and may include the...

  • Page 44
    ... net income for the year and an increase in additional paid-in-capital from the proceeds of stock option exercises, and related tax benefits, executed under our director and employee share-based compensation plans. The following table identifies cash provided by/(used in) our operating, investing...

  • Page 45
    ... related to the mix of owned versus leased stores opened. We were able to find real estate with attractive lease factors during 2012 and as a result, opened a larger number of leased locations during 2012 as compared to the year prior. Opening a new store in a leased location requires a smaller...

  • Page 46
    ... 2022 were used to pay fees and expenses related to the offering, with the remainder intended to be used to repay borrowings outstanding from time to time under the Revolving Credit Facility and for general corporate purposes, including share repurchases. The senior notes are guaranteed on a senior...

  • Page 47
    ... Board of Directors, we may, from time to time, repurchase shares of our common stock, solely through open market purchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate trading policy requirements and overall market conditions...

  • Page 48
    ... Consolidated Balance Sheets. Payments Due By Period Total Contractual Obligations: Long-term debt principal and interest payments (1) Future minimum lease payments under capital leases Future minimum lease payments under operating leases (2) (2) FORM 10-k Before 1 Year 1 to 2 Years (In thousands...

  • Page 49
    ... transactions for over five years and do not plan to utilize off-balance sheet arrangements in the future to fund our working capital requirements, operations or growth plans. We issue stand-by letters of credit provided by a $200 million sub limit under the Revolving Credit Facility that reduce our...

  • Page 50
    ... potential liabilities from workers' compensation, general liability, vehicle liability, property loss, and Team Member health care benefits. With the exception of certain Team Member health care benefit liabilities, employment related claims and litigation, certain commercial litigation and certain...

  • Page 51
    ... closed property operating lease liabilities using a credit-adjusted discount rate to calculate the present value of the remaining non-cancelable lease payments, contractual occupancy costs and lease termination fees after the closing date, net of estimated sublease income. The closed property lease...

  • Page 52
    ... store sales data) $ $ $ $ $ $ $ $ $ $ $ Fiscal 2011 First Quarter Comparable store sales Sales Gross profit Former CSK officer clawback Operating income Write-off of debt issuance costs Termination of interest rate swap agreements Net income Earnings per share - basic Earnings per share...

  • Page 53
    ... Page FORM 10-k Management's Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm: Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm: Financial Statements Consolidated Balance Sheets Consolidated...

  • Page 54
    ... and with the participation of the Company's principal executive officer and principal financial officer, management assessed the effectiveness of the Company's internal control over financial reporting as of December 31, 2012. In making this assessment, management used the criteria set forth by the...

  • Page 55
    ... internal control over financial reporting as of December 31, 2012, based on the COSO criteria. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets as of December 31, 2012 and 2011, and the related...

  • Page 56
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The Board of Directors and Shareholders of O'Reilly Automotive, Inc. and Subsidiaries: We have audited the accompanying consolidated balance sheets of O'Reilly Automotive, Inc. and Subsidiaries as of December 31, 2012 and 2011, and the related ...

  • Page 57
    ... property and equipment Notes receivable, less current portion Goodwill Other assets, net Total assets Liabilities and shareholders' equity Current liabilities: Accounts payable Self-insurance reserves Accrued payroll Accrued benefits and withholdings Deferred income taxes Income taxes payable Other...

  • Page 58
    ... Statements of Income (In thousands, except per share data) FORM 10-k Sales Cost of goods sold, including warehouse and distribution expenses Gross profit Selling, general and administrative expenses Former CSK officer clawback Legacy CSK DOJ investigation charge Operating income Other income...

  • Page 59
    ... tax Reclassification adjustment for unrealized losses on cash flow hedges, net of tax, included in net income Other comprehensive income Total comprehensive income $ See accompanying Notes to consolidated financial statements. 585,746 585,746 $ 507,673 2,970 2,970 510,643 $ 419,373 4,992 4,992 424...

  • Page 60
    ... Statements of Shareholders' Equity (In thousands) FORM 10-k Balance at December 31, 2009 Net income Unrealized losses on cash flow hedge, net of tax of $3,215 Issuance of common stock under employee benefit plans, net of forfeitures and shares withheld to cover taxes Net issuance of common stock...

  • Page 61
    ... credit facility debt issuance costs Excess tax benefit from stock options exercised Deferred income taxes Gain on settlement of note receivable Share-based compensation programs Other Changes in operating assets and liabilities: Accounts receivable Inventory Accounts payable Income taxes payable...

  • Page 62
    ... robust distribution system provides stores with same-day or overnight access to an extensive inventory of hard-to-find items not typically stocked in the stores of other auto parts retailers. FORM 10-k Segment reporting: The Company is managed and operated by a single management team reporting to...

  • Page 63
    ... Member health care benefits, workers' compensation, vehicle liability, general liability and property loss. With the exception of certain Team Member health care benefit liabilities, employment related claims and litigation, certain commercial litigation and certain regulatory matters, the Company...

  • Page 64
    ..." on the accompanying Consolidated Balance Sheets as of December 31, 2012 and 2011. Warranties: The Company offers warranties on certain merchandise it sells with warranty periods ranging from 30 days to limited lifetime warranties. The risk of loss arising from warranty claims is typically the...

  • Page 65
    ... discounts on payments to vendors Costs associated with the Company's supply chain, including: Payroll and benefit costs Warehouse occupancy costs Transportation costs Depreciation Inventory shrinkage Selling, general and administrative expenses Payroll and benefit costs for store and corporate Team...

  • Page 66
    ... repayment and retirement of the ABL Credit Facility. See Note 4 for further information concerning debt issuance costs associated with the issuances of or amendments to long-term debt instruments. Income taxes: The Company accounts for income taxes using the liability method, which requires the...

  • Page 67
    ... for financial statement purposes. During the year ended December 31, 2012, the Company recorded an increase in goodwill of $14.5 million, resulting primarily from purchase price allocations related to small acquisitions, partially offset by the excess tax benefit related to exercises of stock...

  • Page 68
    ... the years ended December 31, 2012, 2011 and 2010, the Company recognized an amortized benefit of $5.7 million, $6.7 million and $7.0 million, respectively, related to these unfavorable operating leases, which are included in "Other liabilities" on the accompanying Consolidated Balance Sheets. These...

  • Page 69
    ...Facility by up to $200 million. As of December 31, 2012 and 2011, the Company had outstanding letters of credit, primarily to support obligations related to workers' compensation, general liability and other insurance policies, in the amount of $57.3 million and $59.9 million, respectively, reducing...

  • Page 70
    ... financial statements. The Company did not acquire any additional buildings under capital leases during the periods ended December 31, 2012 or 2011. Operating lease commitments: The Company leases certain office space, retail stores, property and equipment under long-term, non-cancelable operating...

  • Page 71
    ...administrative office and distribution facilities closure liabilities: The Company maintains reserves for closed stores and other properties that are no longer utilized in current operations. The Company accrues for closed property operating lease liabilities using a credit-adjusted discount rate to...

  • Page 72
    ... the program, the Company may, from time to time, repurchase shares of its common stock, solely through open market purchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate trading policy requirements and overall market $ 21,642...

  • Page 73
    ... equal to the closing market price of the Company's common stock on the date of the grant. Employee stock options granted under the plans expire after ten years and typically vest 25% per year, over four years, or the minimum required service period. The Company records compensation expense for the...

  • Page 74
    ...Company's stock price has historically fluctuated. Expected dividend yield - The Company has not paid, nor does it have plans in the foreseeable future to pay, any dividends. The table below identifies the weighted-average assumptions used for grants awarded during the years ended December 31, 2012...

  • Page 75
    ... 27 Weighted-Average Grant-Date Fair Value $ 50.72 86.90 55.11 61.08 $ 70.64 Includes 13 thousand shares withheld to cover employees' taxes upon vesting. The Company's director stock plan provides for the award of shares of restricted stock that vest evenly over a three-year period and are held...

  • Page 76
    ... market value. Employees may authorize the Company to withhold up to 5% of their annual salary to participate in the plan. The fair value of shares issued under the ESPP is based on the average of the high and low market prices of the Company's common stock during the offering periods. Compensation...

  • Page 77
    ...O'Reilly Auto Parts stores and one of its bulk facilities under fifteen- or twenty-year operating lease agreements with entities in which certain of the Company's affiliated directors, members of an affiliated director's immediate family or certain of the Company's executive officers, are affiliated...

  • Page 78
    ...2012 FORM 10-k 2011 Deferred tax assets: Current: Allowance for doubtful accounts Tax credits Other accruals Total current deferred tax assets: Noncurrent: Tax credits Net operating...accompanying Consolidated Balance Sheets as of December 31, 2012 and 2011 (in thousands): December 31, 2012 Deferred ...

  • Page 79
    ...$ $ The excess tax benefit associated with the exercise of non-qualified stock options has been included within "Additional paid-in capital" on the accompanying consolidated financial statements. As of December 31, 2012, the Company had tax credit carryforwards available for state tax purposes of...

  • Page 80
    ... tax benefits during the one-year period subsequent to December 31, 2012, resulting from settlement or expiration of the statute of limitations. The Company's United States federal income tax returns for tax years 2011 and beyond remain subject to examination by the Internal Revenue Service ("IRS...

  • Page 81
    ... and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure...

  • Page 82
    ... control over financial reporting, which is included in Item 8. Item 9B. Other Information Not Applicable. PART III Item 10. Directors, Executive Officers and Corporate Governance Certain information required by Part III is incorporated by reference from the Company's Proxy Statement on Schedule...

  • Page 83
    ...financial officer, chief accounting officer, controller and any person performing similar functions) and Team Members. Our Code of Ethics is available on our website at www.oreillyauto.com, under the "Corporate Home" caption. The information on our website is not a part of this Annual Report on Form...

  • Page 84
    ... Report in Part II, Item 8: Management's Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm - Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm - Financial Statements Consolidated Balance Sheets...

  • Page 85
    ... FORM 10-k O'REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES Column A Column B Balance at Beginning of Period Column C Additions Charged to Costs and Expenses Additions Charged to Other Accounts Describe Column D Column E Description (amounts in thousands) Sales and returns allowances For the year...

  • Page 86
    ...thereunto duly authorized. O'REILLY AUTOMOTIVE, INC. (Registrant) Date: February 28, 2013 By /s/ Greg Henslee Greg Henslee President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons...

  • Page 87
    ... 10.4 to the Registrant's Annual Shareholders' Report on Form 10-K for the year ended December 31, 1997, is incorporated herein by this reference. O'Reilly Automotive, Inc. Profit Sharing and Savings Plan, filed as Exhibit 4.1 to the Registrant's Registration Statement on Form S-8, File No. 33-73892...

  • Page 88
    ...'s Proxy Statement for 2012 Annual Meeting of Shareholders on Schedule 14A, is incorporated herein by this reference. 10.27 (a) O'Reilly Automotive, Inc. 2012 Incentive Award Plan, Form of Stock Option Grant Notice and Agreement, filed as Exhibit 10.1 to the Registrant's Quarterly Report on Form 10...

  • Page 89
    ... Calculation Linkbase XBRL Taxonomy Extension Definition Linkbase XBRL Taxonomy Extension Label Linkbase XBRL Taxonomy Extension Presentation Linkbase Management contract or compensatory plan or arrangement. Furnished (and not filed) herewith pursuant to Item 601 (b)(32)(ii) of Regulation S-K. Page...

  • Page 90
    ... Automotive Stores, Inc. Ozark Automotive Distributors, Inc. Ozark Services, Inc. Ozark Purchasing, LLC CSK Auto, Inc. State of Incorporation Missouri Missouri Missouri Missouri Arizona FORM 10-k In addition, six subsidiaries operating in the United States have been omitted from the above list...

  • Page 91
    ... of O'Reilly Automotive, Inc. and Subsidiaries and the effectiveness of internal control over financial reporting of O'Reilly Automotive, Inc. and Subsidiaries, included in this Annual Report (Form 10-K) for the year ended December 31, 2012. /s/ Ernst & Young LLP Kansas City, Missouri February 28...

  • Page 92
    ..., whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 28, 2013 /s/ Greg Henslee Greg Henslee, President and Chief Executive Officer (Principal Executive Officer) FORM 10-k 82

  • Page 93
    ... involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 28, 2013 /s/ Thomas McFall Thomas McFall Executive Vice President of Finance and Chief Financial Officer (Principal Financial and Accounting Officer) 83

  • Page 94
    ...-k In connection with the Report of O'Reilly Automotive, Inc. (the "Company") on Form 10-K for the period ended December 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Greg Henslee, Chief Executive Officer of the Company, certify, pursuant to 18...

  • Page 95
    ... In connection with the Report of O'Reilly Automotive, Inc. (the "Company") on Form 10-K for the period ended December 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Thomas McFall, Chief Financial Officer of the Company, certify, pursuant to 18...