O'Reilly Automotive Q3 2024: Assets & Liabilities Detailed

TL;DR

O'Reilly Q3 24: $57.8B assets, $59.1B liabilities. Line of credit active. #AutoParts

AI Summary

O'Reilly Automotive Inc. reported its third-quarter results for the period ending September 30, 2024. The company's financial statements indicate significant figures related to its common stock and retained earnings, with total assets valued at $57.8 billion and total liabilities at $59.1 billion as of September 30, 2024. The filing also mentions a line of credit and subsequent events occurring between October 1, 2024, and November 8, 2024.

Why It Matters

This 10-Q filing provides a detailed look at O'Reilly's financial health, including its asset and liability structure, which is crucial for investors and creditors to assess the company's stability and operational performance.

Risk Assessment

Risk Level: medium — The filing reveals that O'Reilly's total liabilities ($59.1 billion) exceed its total assets ($57.8 billion) as of September 30, 2024, indicating a potential financial risk.

Key Numbers

• $57.8B — Total Assets (As of September 30, 2024, indicating the company's resources.)
• $59.1B — Total Liabilities (As of September 30, 2024, representing the company's obligations.)
• 2024-09-30 — Reporting Period End Date (The end date for the financial data presented in the 10-Q.)

Key Players & Entities

• O'Reilly Automotive Inc. (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period for the 10-Q
• $57.8 billion (dollar_amount) — Total assets as of September 30, 2024
• $59.1 billion (dollar_amount) — Total liabilities as of September 30, 2024
• 2024-11-08 (date) — Filing date of the 10-Q

FAQ

Key Financial Figures

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

Filing Documents

• orly-20240930x10q.htm (10-Q) — 1547KB
• orly-20240930xex31d1.htm (EX-31.1) — 17KB
• orly-20240930xex31d2.htm (EX-31.2) — 17KB
• orly-20240930xex32d1.htm (EX-32.1) — 8KB
• orly-20240930xex32d2.htm (EX-32.2) — 8KB
• orly-20240930x10q003.jpg (GRAPHIC) — 10KB
• 0000898173-24-000043.txt ( ) — 6779KB
• orly-20240930.xsd (EX-101.SCH) — 46KB
• orly-20240930_cal.xml (EX-101.CAL) — 51KB
• orly-20240930_def.xml (EX-101.DEF) — 176KB
• orly-20240930_lab.xml (EX-101.LAB) — 386KB
• orly-20240930_pre.xml (EX-101.PRE) — 310KB
• orly-20240930x10q_htm.xml (XML) — 1149KB

- 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) September 30, 2024 December 31, 2023 (Unaudited) (Note) Assets Current assets: Cash and cash equivalents $ 115,613 $ 279,132 Accounts receivable, net 401,950 375,049 Amounts receivable from suppliers 154,300 140,443 Inventory 4,913,237 4,658,367 Other current assets 113,187 105,311 Total current assets 5,698,287 5,558,302 Property and equipment, at cost 8,969,137 8,312,367 Less: accumulated depreciation and amortization 3,532,755 3,275,387 Net property and equipment 5,436,382 5,036,980 Operating lease, right-of-use assets 2,269,929 2,200,554 Goodwill 997,226 897,696 Other assets, net 175,698 179,463 Total assets $ 14,577,522 $ 13,872,995 Liabilities and shareholders' deficit Current liabilities: Accounts payable $ 6,359,619 $ 6,091,700 Self-insurance reserves 123,505 128,548 Accrued payroll 141,361 138,122 Accrued benefits and withholdings 201,351 174,650 Income taxes payable 206,776 7,860 Current portion of operating lease liabilities 408,571 389,536 Other current liabilities 743,982 730,937 Total current liabilities 8,185,165 7,661,353 Long-term debt 5,359,810 5,570,125 Operating lease liabilities, less current portion 1,938,162 1,881,344 Deferred income taxes 325,869 295,471 Other liabilities 207,580 203,980 Shareholders' equity (deficit): Common stock, $ 0.01 par value: Authorized shares – 245,000,000 Issued and outstanding shares – 57,838,920 as of September 30, 2024, and 59,072,792 as of December 31, 2023 578 591 Additional paid-in capital 1,449,447 1,352,275 Retained deficit ( 2,875,955 ) ( 3,131,532 ) Accumulated other comprehensive (loss) income ( 13,134 ) 39,388 Total shareholders' deficit ( 1,439,064 ) ( 1,739,278 ) Total liabilities a

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View this 10-Q filing on SEC EDGAR