AutoZone Q1 2024 Update: Financials and Equity Detailed

Ticker: AZO · Form: 10-Q · Filed: Dec 20, 2024 · CIK: 866787

Sentiment: neutral

Topics: 10-Q, financials, equity, reporting

TL;DR

AutoZone's Q1 2024 10-Q is out, showing detailed financials on stock, retained earnings, and treasury stock.

AI Summary

AutoZone Inc. reported its first quarter results for the period ending November 23, 2024. The company's financial statements reflect its operational performance and financial position during this period. Key financial elements such as common stock, retained earnings, and treasury stock are detailed, providing insight into the company's capital structure and shareholder equity.

Why It Matters

This filing provides investors with a detailed look at AutoZone's financial health and capital structure as of November 23, 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

Key Players & Entities

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is November 23, 2024.

What is AutoZone Inc.'s Central Index Key (CIK)?

AutoZone Inc.'s Central Index Key (CIK) is 0000866787.

In which state was AutoZone Inc. incorporated?

AutoZone Inc. was incorporated in Nevada (NV).

What is AutoZone's business address?

AutoZone's business address is 123 South Front St, Memphis, TN 38103.

What is the business phone number for AutoZone?

The business phone number for AutoZone is 9014956500.

Filing Stats: 4,505 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2024-12-20 16:44:27

Key Financial Figures

Filing Documents

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 16 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 17 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 Item 4.

Controls and Procedures

Controls and Procedures 25 PART II. OTHER INFORMATION 25 Item 1.

Legal Proceedings

Legal Proceedings 25 Item 1A.

Risk Factors

Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosures 26 Item 5. Other Information 26 Item 6. Exhibits 26

SIGNATURES

SIGNATURES 28 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. AUTOZONE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) November 23, August 31, (in thousands) 2024 2024 Assets Current assets: Cash and cash equivalents $ 304,018 $ 298,172 Accounts receivable 533,485 545,575 Merchandise inventories 6,274,070 6,155,218 Other current assets 308,977 307,794 Total current assets 7,420,550 7,306,759 Property and equipment: Property and equipment 11,489,436 11,305,125 Less: Accumulated depreciation and amortization ( 5,208,333 ) ( 5,121,586 ) 6,281,103 6,183,539 Operating lease right-of-use assets 3,086,857 3,057,780 Goodwill 302,645 302,645 Deferred income taxes 79,400 83,689 Other long-term assets 295,207 242,126 Total long-term assets 3,764,109 3,686,240 Total assets $ 17,465,762 $ 17,176,538 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $ 7,498,696 $ 7,355,701 Current portion of operating lease liabilities 270,077 266,855 Accrued expenses and other 1,034,313 1,060,746 Income taxes payable 85,484 30,941 Total current liabilities 8,888,570 8,714,243 Long-term debt 9,012,539 9,024,381 Operating lease liabilities, less current portion 2,982,977 2,960,174 Deferred income taxes 496,003 447,067 Other long-term liabilities 758,594 780,287 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; 17,495 shares issued and 16,810 shares outstanding as of November 23, 2024; 17,451 shares issued and 16,926 shares outstanding as of August 31, 2024 175 175 Additional paid-in capital 1,684,064 1,621,553 Retained deficit ( 3,860,049 ) ( 4,424,982 ) Accumulated other comprehensive loss ( 407,155 ) ( 361,618 ) Treasury stock, at cost ( 2,089,956 ) ( 1,584,742 ) Total stockholders' deficit ( 4,672,

View Full Filing

View this 10-Q filing on SEC EDGAR

View on Read The Filing