O REILLY AUTOMOTIVE INC

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

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.

FY2025 · Filed Feb 27, 2026

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

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS


· · For the Year Ended
· · December 31,
· · 2025 · · 2024 · · 2023
Operating activities: · · · · · ·
Net income	$2,538,209	$2,386,680	$2,346,581
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and intangibles	511,230	461,892	409,061
Amortization of debt discount and issuance costs	7,379	6,613	4,954
Deferred income taxes	(37,544)	(50,238)	48,232
Share-based compensation programs	35,115	28,931	27,511
Other	11,069	6,360	2,116
Changes in operating assets and liabilities:
Accounts receivable	(35,505)	30,495	(35,539)
Inventory	(604,537)	(403,886)	(288,323)
Accounts payable	576,413	421,364	207,061
Income taxes payable	4,537	(8,690)	33,889
Accrued payroll	12,072	(30,810)	11,234
Accrued benefits and withholdings	35,561	71,128	(12,763)
Other	(292,006)	129,737	280,070
Net cash provided by operating activities	2,761,993	3,049,576	3,034,084

Investing activities:
Purchases of property and equipment	(1,168,815)	(1,023,387)	(1,006,264)
Proceeds from sale of property and equipment	30,845	16,350	17,689
Return of (investment in) tax credit equity investments	—	1,490	(4,150)
Other, including acquisitions, net of cash acquired	(14,386)	(161,258)	(3,211)
Net cash used in investing activities	(1,152,356)	(1,166,805)	(995,936)

Financing activities:
Proceeds from borrowings on revolving credit facility	—	30,000	3,227,000
Payments on revolving credit facility	—	(30,000)	(3,227,000)
Net proceeds (payments) of commercial paper	488,786	(547,604)	746,789
Proceeds from the issuance of long-term debt	—	498,910	749,655
Principal payments on long-term debt	—	—	(300,000)
Payment of debt issuance costs	(3,997)	(4,076)	(4,989)
Payment of excise tax on share repurchases	(17,012)	(28,830)	—
Repurchases of common stock	(2,096,962)	(2,076,529)	(3,151,155)
Net proceeds from issuance of common stock	80,823	128,981	91,316
Other	(433)	(569)	(354)
Net cash used in financing activities	(1,548,795)	(2,029,717)	(1,868,738)

Effect of exchange rate changes on cash	2,706	(1,941)	1,139
Net increase (decrease) in cash and cash equivalents	63,548	(148,887)	170,549
Cash and cash equivalents at beginning of the period	130,245	279,132	108,583
Cash and cash equivalents at end of the period	$193,793	$130,245	$279,132

Supplemental disclosures of cash flow information:
Income taxes paid	$1,067,524	$640,426	$315,060
Interest paid, net of capitalized interest	226,752	209,094	189,611

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.