AutoZone Q3 2024 10-Q Filed
Ticker: AZO · Form: 10-Q · Filed: Jun 7, 2024 · CIK: 866787
| Field | Detail |
|---|---|
| Company | Autozone INC (AZO) |
| Form Type | 10-Q |
| Filed Date | Jun 7, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: AZO
TL;DR
**AZO Q3 2024 10-Q is IN. Financials look solid, check retained earnings and capital.**
AI Summary
AutoZone Inc. filed its 10-Q for the period ending May 4, 2024. The filing details financial performance and operational updates for the third quarter of fiscal year 2024. Key financial data and disclosures relevant to investors are presented, including information on common stock, retained earnings, and additional paid-in capital as of May 4, 2024.
Why It Matters
This filing provides investors with the latest financial snapshot of AutoZone, crucial for understanding the company's performance and making informed investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks disclosed.
Key Numbers
- 0.0543 — P4Y (Indicates a value related to earnings per share or similar metric, though specific context is limited in the provided snippet.)
Key Players & Entities
- AUTOZONE INC (company) — Filer
- 20240504 (date) — Reporting Period End Date
- 20240607 (date) — Filing Date
- 0000866787 (company) — Central Index Key
FAQ
What is the reporting period for this 10-Q filing?
The reporting period is for the quarter ending May 4, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on June 7, 2024.
What is AutoZone Inc.'s Central Index Key (CIK)?
AutoZone Inc.'s Central Index Key is 0000866787.
What is the Standard Industrial Classification (SIC) code for AutoZone Inc.?
The SIC code for AutoZone Inc. is 5531, which falls under Retail - Auto & Home Supply Stores.
What are some of the key financial statement components mentioned as of May 4, 2024?
Key components mentioned include Common Stock, Retained Earnings, Additional Paid-In Capital, and Accumulated Translation Adjustment.
Filing Stats: 4,540 words · 18 min read · ~15 pages · Grade level 14.5 · Accepted 2024-06-07 16:06:26
Key Financial Figures
- $0.01 — ange on which Registered Common Stock ($0.01 par value) AZO New York Stock Excha
Filing Documents
- azo-20240504x10q.htm (10-Q) — 1889KB
- azo-20240504xex15d1.htm (EX-15.1) — 5KB
- azo-20240504xex31d1.htm (EX-31.1) — 10KB
- azo-20240504xex31d2.htm (EX-31.2) — 10KB
- azo-20240504xex32d1.htm (EX-32.1) — 6KB
- azo-20240504xex32d2.htm (EX-32.2) — 7KB
- azo-20240504x10q001.jpg (GRAPHIC) — 11KB
- 0001558370-24-009005.txt ( ) — 6658KB
- azo-20240504.xsd (EX-101.SCH) — 31KB
- azo-20240504_cal.xml (EX-101.CAL) — 48KB
- azo-20240504_def.xml (EX-101.DEF) — 136KB
- azo-20240504_lab.xml (EX-101.LAB) — 276KB
- azo-20240504_pre.xml (EX-101.PRE) — 235KB
- azo-20240504x10q_htm.xml (XML) — 1171KB
Financial Statements
Financial Statements 3 CONDENSED CONSOLIDATED BALANCE SHEETS 3 CONDENSED CONSOLIDATED STATEMENTS OF INCOME 4 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 4 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 5 CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT 6 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 7 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 17 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 27 PART II. OTHER INFORMATION 27 Item 1.
Legal Proceedings
Legal Proceedings 27 Item 1A.
Risk Factors
Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 28
SIGNATURES
SIGNATURES 30 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. AUTOZONE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) May 4, August 26, (in thousands) 2024 2023 Assets Current assets: Cash and cash equivalents $ 275,358 $ 277,054 Accounts receivable 586,775 520,385 Merchandise inventories 6,155,300 5,764,143 Other current assets 272,019 217,844 Total current assets 7,289,452 6,779,426 Property and equipment: Property and equipment 11,075,765 10,337,890 Less: Accumulated depreciation and amortization ( 5,026,706 ) ( 4,741,342 ) 6,049,059 5,596,548 Operating lease right-of-use assets 3,097,047 2,998,097 Goodwill 302,645 302,645 Deferred income taxes 85,267 86,002 Other long-term assets 284,962 223,160 Total long-term assets 3,769,921 3,609,904 Total assets $ 17,108,432 $ 15,985,878 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $ 7,369,673 $ 7,201,281 Current portion of operating lease liabilities 303,179 257,256 Current portion of debt 500,000 — Accrued expenses and other 989,472 1,000,841 Income taxes payable 30,263 52,478 Total current liabilities 9,192,587 8,511,856 Long-term debt 8,496,288 7,668,549 Operating lease liabilities, less current portion 2,963,026 2,917,046 Deferred income taxes 543,046 536,278 Other long-term liabilities 751,722 702,043 Commitments and contingencies Stockholders' deficit: Preferred stock, authorized 1,000 shares; no shares issued — — Common stock, par value $ .01 per share, authorized 200,000 shares; 17,425 shares issued and 17,144 shares outstanding as of May 4, 2024; 18,936 shares issued and 17,857 shares outstanding as of August 26, 2023 174 189 Additional paid-in capital 1,565,860 1,484,992 Retained deficit ( 5,327,190 ) ( 2,959,278 ) Accumulated other comprehensive loss ( 202,899 ) ( 190,836 ) Treasury stock, at cost ( 874,182 ) ( 2,684,961 ) Total stockhold