CASEYS GENERAL STORES INC
For the period ended Oct 31, 2024. Filed Dec 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2024 · Filed Dec 9, 2024
CASY$698.48+0.9%Stored close · as of Nov 10, 2026
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Condensed consolidated statements of cash flows--- six months ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six months ended October 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $361,116 | $328,019 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 191,001 | 168,503 |
| Amortization of debt issuance costs | 555 | 555 |
| Change in excess replacement cost over LIFO inventory valuation | 6,398 | 7,946 |
| Share-based compensation | 23,645 | 19,485 |
| Loss (gain) on disposal of assets and impairment charges | 4,422 | (232) |
| Deferred income taxes | 12,054 | 39,353 |
| Changes in assets and liabilities: | ||
| Receivables | (855) | (21,897) |
| Inventories | (8,723) | (44,714) |
| Prepaid and other current assets | (12,505) | (10,693) |
| Accounts payable | (9,902) | (10,400) |
| Accrued expenses | (36,228) | (20,925) |
| Income taxes | 20,780 | 21,992 |
| Other, net | 299 | 4,788 |
| Net cash provided by operating activities | 552,057 | 481,780 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (211,226) | (175,955) |
| Payments for acquisition of businesses, net of cash acquired | (46,341) | (139,359) |
| Proceeds from sales of assets | 11,720 | 8,291 |
| Net cash used in investing activities | (245,847) | (307,023) |
| Cash flows from financing activities: | ||
| Proceeds from long-term debt | 1,100,000 | — |
| Payments of long-term debt and finance lease obligations | (34,637) | (35,135) |
| Payments of debt issuance costs | (5,191) | — |
| Payments of cash dividends | (35,179) | (30,988) |
| Repurchase of common stock and payment of related excise taxes | (734) | (59,491) |
| Tax withholdings on employee share-based awards | (25,110) | (18,121) |
| Net cash provided by (used) in financing activities | 999,149 | (143,735) |
| Net increase in cash, cash equivalents and restricted cash | 1,305,359 | 31,022 |
|---|---|---|
| Cash and cash equivalents at beginning of the period | 206,482 | 378,869 |
| Cash, cash equivalents and restricted cash at end of the period | $1,511,841 | $409,891 |
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
| Six months ended October 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash and cash equivalents | $351,723 | $409,891 |
| Restricted cash (see Note 9) | 1,160,118 | — |
| Total cash, cash equivalents and restricted cash shown in the statement of cash flows | $1,511,841 | $409,891 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Continued)
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION
| Six months ended October 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash paid during the period for: | ||
| Interest, net of amount capitalized | $33,516 | $31,429 |
| Income taxes, net | 82,507 | 36,037 |
| Noncash investing and financing activities: | ||
| Purchased property and equipment in accounts payable | 59,312 | 78,684 |
| Right-of-use assets obtained in exchange for new finance lease liabilities | 11,210 | 11,216 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | — | 8,273 |
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