O'Reilly Auto Parts 2013 Annual Report Download - page 29

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FORM 10-K
23
Item 6. Selected Financial Data
The table below compares O’Reilly Automotive, Inc.’s (the “Company’s”) selected financial data over a ten-year period.
Years ended December 31, 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
(In thousands, except per share
data)
INCOME STATEMENT
DATA:
Sales ($) 6,649,237 6,182,184 5,788,816 5,397,525 4,847,062 3,576,553 2,522,319 2,283,222 2,045,318 1,721,241
Cost of goods sold, including
warehouse and distribution
expenses 3,280,236 3,084,766 2,951,467 2,776,533 2,520,534 1,948,627 1,401,859 1,276,511 1,152,815 978,076
Gross profit 3,369,001 3,097,418 2,837,349 2,620,992 2,326,528 1,627,926 1,120,460 1,006,711 892,503 743,165
Selling, general and
administrative expenses 2,265,516 2,120,025 1,973,381 1,887,316 1,788,909 1,292,309 815,309 724,396 639,979 552,707
Former CSK officer clawback —— (2,798) ———————
Legacy CSK DOJ investigation
charge —— — 20,900 ——————
Operating income 1,103,485 977,393 866,766 712,776 537,619 335,617 305,151 282,315 252,524 190,458
Write-off of asset-based
revolving credit agreement debt
issuance costs —— (21,626) ———————
Termination of interest rate
swap agreements —— (4,237) ———————
Gain on settlement of note
receivable —— — 11,639 ——————
Other income (expense), net (44,543) (35,872) (25,130) (35,042) (40,721) (33,085) 2,337 (50) (1,455) (2,721)
Total other income (expense) (44,543) (35,872) (50,993) (23,403) (40,721) (33,085) 2,337 (50) (1,455) (2,721)
Income before income taxes
and cumulative effect of
accounting change 1,058,942 941,521 815,773 689,373 496,898 302,532 307,488 282,265 251,069 187,737
Provision for income taxes 388,650 355,775 308,100 270,000 189,400 116,300 113,500 104,180 86,803 70,063
Income before cumulative
effect of accounting change 670,292 585,746 507,673 419,373 307,498 186,232 193,988 178,085 164,266 117,674
Cumulative effect of
accounting change, net of tax
(a) —————————21,892
Net income ($) 670,292 585,746 507,673 419,373 307,498 186,232 193,988 178,085 164,266 139,566
BASIC EARNINGS PER
COMMON SHARE: (b)
Income before cumulative
effect of accounting change ($) 6.14 4.83 3.77 3.02 2.26 1.50 1.69 1.57 1.47 1.07
Cumulative effect of
accounting change (a) —————————0.20
Earnings per share – basic ($) 6.14 4.83 3.77 3.02 2.26 1.50 1.69 1.57 1.47 1.27
Weighted-average common
shares outstanding – basic 109,244 121,182 134,667 138,654 136,230 124,526 114,667 113,253 111,613 110,020
EARNINGS PER COMMON
SHARE-ASSUMING
DILUTION:
Income before cumulative
effect of accounting change ($) 6.03 4.75 3.71 2.95 2.23 1.48 1.67 1.55 1.45 1.05
Cumulative effect of
accounting change (a) —————————0.20
Earnings per share – assuming
dilution ($) 6.03 4.75 3.71 2.95 2.23 1.48 1.67 1.55 1.45 1.25
Weighted-average common
shares outstanding – assuming
dilution 111,101 123,314 136,983 141,992 137,882 125,413 116,080 115,119 113,385 111,423