O'Reilly Auto Parts 2012 Annual Report Download - page 35

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FORM 10-k
6
658
158
060
098
865
266
599
93
92
25
Years ended December 31, 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
SELECTED OPERATING
DATA:
N
umber of Team Members
at year end 53,063 49,324 46,858 44,880 40,735 23,576 21,920 19,614 17,410 15,484
N
umber of stores at year end 3,976 3,740 3,570 3,421 3,285 1,830 1,640 1,470 1,249 1,109
Total store square footage at
year end (in 000s)(a) 28,628 26,530 25,315 24,200 23,205 12,439 11,004 9,801 8,318 7,348
Sales per weighted-average
store (in 000s)(a) $ 1,590 $ 1,566 $ 1,527 $ 1,424 $ 1,379 $ 1,430 $ 1,439 $ 1,478 $ 1,443 $ 1,413
Sales per weighted-average
square foot (in 000s)(a) $ 224 $ 221 $ 216 $ 202 $ 201 $ 212 $ 215 $ 220 $ 217 $ 215
Percentage increase in same
store sales (b)(c) 3.8% 4.6% 8.8% 4.6% 1.5% 3.7% 3.3% 7.5% 6.8% 7.8%
BALANCE SHEET
DATA:
(In thousands)
Working capital $ 460,083 $ 1,027,600 $ 1,072,294 $1,007,576 $ 821,932 $ 573,328 $ 566,892 $ 424,974 $ 479,662 $ 441,617
Total assets 5,749,187 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
Inventory turnover 1.4 1.5 1.4 1.4 1.6 1.6 1.6 1.7 1.6 1.7
Inventory turnover, net of
p
ayables 7.4 3.4 2.5 2.6 3.1 3.0 2.8 2.8 2.5 2.3
Accounts payable to
inventor
y
84.7% 64.4% 44.3% 42.8% 46.9% 43.2% 39.2% 40.3% 38.5% 27.9%
Current portion of long-term
debt and short-term debt 222 662 1,431 106,708 8,131 25,320 309 75,313 592 925
Long-term debt, less current
p
ortion 1,095,734 796,912 357,273 684,040 724,564 75,149 110,170 25,461 100,322 120,977
Shareholders’ equity 2,108,307 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
CASH FLOW DATA:
(In thousands)
Cash provided by operating
activities $ 1,251,555 $ 1,118,991 $ 703,687 $ 285,200 $ 298,542 $ 299,418 $ 185,928 $ 206,685 $ 226,536 $ 168,836
Capital expenditures 300,719 328,319 365,419 414,779 341,679 282,655 228,871 205,159 173,486 136,497
Free cash flow (d) 950,836 790,672 338,268 (129,579) (43,137) 16,763 (42,943) 1,526 53,050 32,339
(a) 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.
(b) 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.
(c) Same-store sales for 2008 include sales for stores acquired in the CSK acquisition. Comparable store sales for stores operating on O’Reilly systems open at
least one year increased 2.6% for the year ended December 31, 2008. Comparable store 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.
(d) Free cash flow is calculated as net cash provided by operating activities, less capital expenditures for the period.