Operating income as a percentage of sales. The comparable sales came in crushing our expectations, hitting 9. Operating activities: Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property, equipment and intangibles.
3) Calculated as accounts payable divided by inventory. Long term, ORLY stock is a winner. 5% of sales) from $519 million (or 15. Weighted-average common shares outstanding – assuming dilution. Comparable store sales increased 6. O reillys auto store near me. Disclosure: I/we have a beneficial long position in the shares of ORLY either through stock ownership, options, or other derivatives. The thing we love about this company is the shareholder boost from the amazing buyback program. Depreciation and amortization. In line with this commitment to our Team, we recognized a $28 million SG&A charge in the fourth quarter, resulting from our transition to an enhanced paid time-off program. Capital expenditures. 3% for the same period one year ago. I) The table below outlines the calculation of Rent expense and reconciles Rent expense to Total lease cost, per ASC 842, the most directly comparable GAAP financial measure, for the year ended December 31, 2022 and 2021 (in thousands): Total lease cost, per ASC 842, for the year ended December 31, 2022.
Selected Balance Sheet Ratios: Inventory turnover(1). Mr. Johnson continued, "Our strong performance in the fourth quarter capped another successful year for our Company and drove our full-year 2022 comparable store sales growth to 6. Income before income taxes. Payment of debt issuance costs. 4 th Quarter Financial Results. Sales continue to reliably grow each year, and we project this growth to continue even in an economic slowdown, and one could argue we are slowing down, but that did not stop the company from reporting a record Q4. Forward-looking statements speak only as of the date they were made and the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. I wrote this article myself, and it expresses my own opinions. 44 and an incredible three-year compounded annual growth rate of 23%. Earnings per share-assuming dilution: 8. O'reilly's near me phone number and i gave her. We like buying shares in the $770-$790 range. For the Year Ending. These forward-looking statements are based on estimates, projections, beliefs and assumptions and are not guarantees of future events and results. Total shareholders' deficit.
O'REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES. Current assets: Cash and cash equivalents. Greg Johnson, O'Reilly's CEO, commented, "We are very pleased to once again report a strong quarter, highlighted by 9. This quarter was strong yet again, and performance looks set to continue to be strong long term. We like the growth here and we like the fact that the car repair and maintenance business is relatively recession-resistant. It is focused on trading opportunistic inflections, and leveraging mispriced stocks and momentum driven events for rapid-return swing trades, options education, and long-term investments. Gross profit for the fourth quarter increased 7% to $1. The BAD BEAT Investing service is a specialized carve out of Quad 7 Capital and launched in 2018. O reillys auto near me. 44 on 65 million shares versus $31. Interest paid, net of capitalized interest. Earnings per share-basic: Earnings per share. The company has long enjoyed strong margin power, but margins have ticked lower in recent quarters.
35 billion for the year expected, assuming a commensurate level of repurchase activity (management has bought back 0. Six-times rent expense. Debt issuance costs. 615, 620. Financing activities: Proceeds from borrowings on revolving credit facility. Total liabilities and shareholders' deficit. Current portion of operating lease liabilities. Share Repurchase Program.
4 million shares of its common stock, at an average price per share of $807. As of the date of this release, the Company had approximately $1. Payments on revolving credit facility. 80 billion we were targeting. Sales will grow with comps projected to increase 5% at the mid-point, with revenues of $15. 08 billion, or 8%, to $14. 4%, with over 50% margins, resulting in a full-year diluted earnings per share increase of 8% to $33.