O REILLY AUTOMOTIVE INC

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

ORLY$89.39-0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS


· · For the Year Ended
· · December 31,
· 2023 · 2022 · 2021
Operating activities: · · ·
Net income	$2,346,581	$2,172,650	$2,164,685
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and intangibles	409,061	357,933	328,217
Amortization of debt discount and issuance costs	4,954	4,704	4,388
Deferred income taxes	48,232	69,575	20,383
Share-based compensation programs	27,511	26,458	24,656
Other	2,116	885	2,128
Changes in operating assets and liabilities:
Accounts receivable	(35,539)	(75,859)	(47,427)
Inventory	(288,323)	(669,046)	(32,634)
Accounts payable	207,061	1,184,858	510,911
Income taxes payable	33,889	151,063	152,339
Accrued payroll	11,234	19,300	18,714
Accrued benefits and withholdings	(12,763)	(60,072)	9,214
Other	280,070	(34,199)	51,736
Net cash provided by operating activities	3,034,084	3,148,250	3,207,310

Investing activities:
Purchases of property and equipment	(1,006,264)	(563,342)	(442,853)
Proceeds from sale of property and equipment	17,689	14,803	9,494
Investment in tax credit equity investments	(4,150)	(188,282)	(180,333)
Other	(3,211)	(3,164)	(1,928)
Net cash used in investing activities	(995,936)	(739,985)	(615,620)

Financing activities:
Proceeds from borrowings on revolving credit facility	3,227,000	785,800	—
Payments on revolving credit facility	(3,227,000)	(785,800)	—
Net proceeds from commercial paper	746,789	—	—
Proceeds from the issuance of long-term debt	749,655	847,314	—
Principal payments on long-term debt	(300,000)	(300,000)	(300,000)
Payment of debt issuance costs	(4,989)	(6,591)	(3,412)
Repurchases of common stock	(3,151,155)	(3,282,265)	(2,476,048)
Net proceeds from issuance of common stock	91,316	79,356	84,915
Other	(354)	(350)	(313)
Net cash used in financing activities	(1,868,738)	(2,662,536)	(2,694,858)

Effect of exchange rate changes on cash	1,139	741	(359)
Net increase (decrease) in cash and cash equivalents	170,549	(253,530)	(103,527)
Cash and cash equivalents at beginning of the period	108,583	362,113	465,640
Cash and cash equivalents at end of the period	$279,132	$108,583	$362,113

Supplemental disclosures of cash flow information:
Income taxes paid	$315,060	$415,165	$450,935
Interest paid, net of capitalized interest	189,611	155,853	144,293

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.