O'Reilly Automotive Q2 Revenue Hits $5.9B

TL;DR

O'Reilly Q2 revenue $5.9B. All good.

AI Summary

O'Reilly Automotive Inc. reported its Q2 2024 results, with total revenue for the quarter ending June 30, 2024, reaching $5.907 billion. The company's fiscal year ends on December 31st. This 10-Q filing covers the period from April 1, 2024, to June 30, 2024.

Why It Matters

This filing provides investors with O'Reilly's financial performance for the second quarter of 2024, offering insights into sales and operational results.

Risk Assessment

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

Key Numbers

• $5.907B — Q2 2024 Revenue (Represents the total sales for the second quarter of 2024.)
• 2024-06-30 — End of Reporting Period (The date marking the end of the fiscal quarter covered by this report.)

Key Players & Entities

• O'Reilly Automotive Inc. (company) — Filer
• 2024-06-30 (date) — End of reporting period
• $5.907 billion (dollar_amount) — Total revenue for Q2 2024

FAQ

Key Financial Figures

• $0.01 — ge on which Registered Common Stock, $0.01 par value ORLY The Nasdaq Stock Mark

Filing Documents

• orly-20240630x10q.htm (10-Q) — 1526KB
• orly-20240630xex31d1.htm (EX-31.1) — 17KB
• orly-20240630xex31d2.htm (EX-31.2) — 17KB
• orly-20240630xex32d1.htm (EX-32.1) — 8KB
• orly-20240630xex32d2.htm (EX-32.2) — 8KB
• orly-20240630x10q003.jpg (GRAPHIC) — 10KB
• 0000898173-24-000035.txt ( ) — 6699KB
• orly-20240630.xsd (EX-101.SCH) — 45KB
• orly-20240630_cal.xml (EX-101.CAL) — 50KB
• orly-20240630_def.xml (EX-101.DEF) — 174KB
• orly-20240630_lab.xml (EX-101.LAB) — 380KB
• orly-20240630_pre.xml (EX-101.PRE) — 306KB
• orly-20240630x10q_htm.xml (XML) — 1136KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 2

- FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1 - FINANCIAL STATEMENTS (UNAUDITED) 2 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Income 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Statements of Shareholders' Equity (Deficit) 5 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7

- MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 18

- QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 24

- CONTROLS AND PROCEDURES

ITEM 4 - CONTROLS AND PROCEDURES 25

- OTHER INFORMATION

PART II - OTHER INFORMATION 26

- LEGAL PROCEEDINGS

ITEM 1 - LEGAL PROCEEDINGS 26

- RISK FACTORS

ITEM 1A - RISK FACTORS 26

- UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 26

- OTHER INFORMATION

ITEM 5 - OTHER INFORMATION 26

- EXHIBITS

ITEM 6 - EXHIBITS 27 SIGNATURE PAGES 28 1

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements O'REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) June 30, 2024 December 31, 2023 (Unaudited) (Note) Assets Current assets: Cash and cash equivalents $ 145,042 $ 279,132 Accounts receivable, net 475,596 375,049 Amounts receivable from suppliers 144,303 140,443 Inventory 4,788,686 4,658,367 Other current assets 125,861 105,311 Total current assets 5,679,488 5,558,302 Property and equipment, at cost 8,730,297 8,312,367 Less: accumulated depreciation and amortization 3,434,610 3,275,387 Net property and equipment 5,295,687 5,036,980 Operating lease, right-of-use assets 2,240,314 2,200,554 Goodwill 1,000,074 897,696 Other assets, net 177,619 179,463 Total assets $ 14,393,182 $ 13,872,995 Liabilities and shareholders' deficit Current liabilities: Accounts payable $ 6,226,238 $ 6,091,700 Self-insurance reserves 125,859 128,548 Accrued payroll 143,194 138,122 Accrued benefits and withholdings 186,715 174,650 Income taxes payable 89,344 7,860 Current portion of operating lease liabilities 401,713 389,536 Other current liabilities 950,145 730,937 Total current liabilities 8,123,208 7,661,353 Long-term debt 5,397,774 5,570,125 Operating lease liabilities, less current portion 1,912,036 1,881,344 Deferred income taxes 335,600 295,471 Other liabilities 207,956 203,980 Shareholders' equity (deficit): Common stock, $ 0.01 par value: Authorized shares – 245,000,000 Issued and outstanding shares – 58,238,711 as of June 30, 2024, and 59,072,792 as of December 31, 2023 582 591 Additional paid-in capital 1,415,799 1,352,275 Retained deficit ( 3,008,665 ) ( 3,131,532 ) Accumulated other comprehensive income 8,892 39,388 Total shareholders' deficit ( 1,583,392 ) ( 1,739,278 ) Total liabilities and shareholders' defi

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