ADD to BW0160 (O'REILLY-AUTOMOTIVE) announces record 1994 sales and earnings.SPRINGFIELD Springfield. 1 City (1990 pop. 105,227), state capital and seat of Sangamon co., central Ill., on the Sangamon River; settled 1818, inc. as a city 1840. , Mo.--(BUSINESS WIRE)--Feb. 21, 1995--ADD to BW0160 (O'REILLY-AUTOMOTIVE): -0-
O'Reilly Automotive Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
Dec. 31, 1994 Dec. 31, 1993
(Note) (Note)
Assets (in thousands, except per share data)
Current assets
Cash and cash equivalents $3,364 $3,202
Short-term investments 2,075 8,826
Accounts receivable 7,642 6,554
Inventory 42,459 34,820
Other current assets 1,707 1,840
Total current assets 57,247 55,242
Property and equipment, at cost 40,928 28,197
Accumulated and depreciation
and amortization 13,386 11,198
27,542 16,999
Other assets 2,538 871
87,327 73,112
Liabilities and stockholders' equity
Current liabilities
Accounts payable 10,335 10,470
Income taxes payable 1,104 -
Other current liabilities 4,081 3,084
Current portion of long-term debt 311 495
Total current liabilities 15,831 14,049
Long-term debt, less current portion 461 732
Other liabilities 811 526
Stockholders' equity
Common stock, $.01 par value:
Authorized shares - 30,000,000
Issued and and outstanding shares -
8,679,428 in 1994 and 8,623,067
in 1993 87 86
Additional paid-in capital 21,486 20,140
Retained earnings 48,651 37,579
Total stockholders' equity 70,224 57,805
87,327 73,112
NOTE: The balance sheets at Dec. 31, 1994 and 1993 have been
derived from the audited financial statements at that date but do
not include all of the information and footnotes required by
generally accepted accounting principles for complete financial
statements.
O'Reilly Automotive Inc. and Subsidiaries
Condensed Consolidated Statements of Income
Three Months Ended Year Ended
12/31/94 12/31/93 12/31/94 12/31/93
(In thousands, except per share data)
Product sales $42,357 $35,430 $167,057 $137,164
Cost of goods sold, including
warehouse and distribution
expenses 24,177 21,562 97,758 82,102
Operating, selling, general
and administrative expenses 14,351 12,318 52,142 42,492
38,528 33,880 149,900 124,594
Operating income 3,829 1,550 17,157 12,570
Other income, net 55 18 376 216
Income from continuing
operations before income taxes 3,884 1,568 17,533 12,786
Provision for income taxes 1,417 437 6,461 4,556
Income from continuing
operations 2,467 1,131 11,072 8,230
Discontinued operations
Income from discontinued
residential real estate
operations less applicable
income taxes - - - 48
Net income 2,467 1,131 11,072 8,278
Income per share:
Continuing operations 0.28 0.13 1.28 1.00
Discontinued operations - - - 0.01
Net income 0.28 0.13 1.28 1.01
Weighted average shares
outstanding 8,674 8,663 8,655 8,235
CONTACT: O'Reilly Automotive Inc., Springfield James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. R. Batten bat·ten 1 v. bat·tened, bat·ten·ing, bat·tens v.intr. 1. To become fat. 2. , 417/862-6708 |
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