AUTOZONE INC

Listed Company

AZOCIK 0000866787NYSELarge AcceleratedRetail-Auto & Home Supply StoresNevadaFY ends Aug 29

Period

FY 2025

Revenue

$18.94B

Net Income

$2.50B

Total Assets

$19.36B

Equity

$-3.41B

Shares Out

16.48M

Op. Cash Flow

$3.12B

Business

AUTOZONE INC is a retailer and distributor of automotive replacement parts and accessories in the Americas, focused on serving do-it-yourself customers and professional repair outlets. The company offers new and remanufactured hard parts, maintenance items, accessories, specialty tools, diagnostic and shop-management software and branded in-house product lines. Its business is organized around store operations, commercial sales to repair garages and fleets, distribution centers and centralized store support functions, plus an ALLDATA software offering. Products are sold through company stores across the Americas, commercial delivery programs and online platforms for retail and professional customers.

Summary from filing dated 2025-10-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Net sales	18,939	18,490	17,457	16,252	14,630
Cost of sales, including warehouse and delivery expenses	8,972	8,673	8,387	7,780	6,912
Gross profit	9,966	9,817	9,070	8,473	7,718
Operating, selling, general and administrative expenses	6,356	6,028	5,596	5,202	4,773
Operating profit	3,610	3,789	3,474	3,271	2,945
Interest expense, net	476	452	306	192	195
Income before income taxes	3,134	3,337	3,168	3,079	2,749
Income tax expense	636	675	639	649	579
Net income	2,498	2,662	2,528	2,430	2,170
Weighted average shares for basic earnings per share	17	17	19	20	22
Effect of dilutive stock equivalents	456,000	494,000	593,000	626,000	562,000
Weighted average shares for diluted earnings per share	17	18	19	21	23
Basic earnings per share	148.8	153.82	136.6	120.83	97.6
Diluted earnings per share	144.87	149.55	132.36	117.19	95.19

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Cash and cash equivalents	272	298	277	264	1,171
Accounts receivable	670	546	520	505	378
Merchandise inventories	7,026	6,155	5,764	5,638	4,640
Other current assets	374	308	218	221	226
Total current assets	8,341	7,307	6,779	6,628	6,415
Land	1,474	1,391	1,367	1,300	1,262
Buildings and improvements	5,793	5,124	4,860	4,487	4,278
Equipment	3,559	3,309	2,973	2,651	2,407
Leasehold improvements	1,082	922	832	724	644
Construction in progress	644	559	306	292	217
Property and equipment	12,552	11,305	10,338	9,453	8,807
Less: Accumulated depreciation and amortization	−5,490	−5,122	−4,741	−4,283	−3,950
Property and equipment, net	7,063	6,184	5,597	5,170	4,857
Operating lease right-of-use assets	3,195	3,058	2,998	2,919	2,719
Goodwill	303	303	303	303	303
Deferred income taxes	118	84	86	52	41
Other long-term assets	336	242	223	203	182
Total long-term assets	3,951	3,686	3,610	3,477	3,244
Total assets	19,355	17,177	15,986	15,275	14,516
Accounts payable	8,026	7,356	7,201	7,301	6,014
Current portion of operating lease liabilities	284	267	257	243	237
Accrued expenses and other	1,152	1,061	1,001	1,009	1,040
Income taxes payable	59	31	52	35	79
Total current liabilities	9,519	8,714	8,512	8,588	7,370
Long-term debt	8,800	9,024	7,669	6,122	5,270
Operating lease liabilities, less current portion	3,094	2,960	2,917	2,838	2,633
Deferred income taxes	521	447	536	534	337
Other long-term liabilities	836	780	702	732	704
Commitments and contingencies	—	—	—	—	—
Preferred stock, authorized 1,000 shares; no shares issued	—	—	—	—	—
Common stock, par value $.01 per share, authorized 200,000 shares; 16,927 shares issued and 16,665 shares outstanding as of August 30, 2025; 17,451 shares issued and 16,926 shares outstanding as of August 31, 2024	169,000	175,000	189,000	207,000	230,000
Additional paid-in capital	1,844	1,622	1,485	1,354	1,466
Retained deficit	−3,976	−4,425	−2,959	−1,330	−420
Accumulated other comprehensive loss	−285	−362	−191	−301	−308
Treasury stock, at cost	−997	−1,585	−2,685	−3,263	—
Total stockholders' deficit	−3,414	−4,750	−4,350	−3,539	−1,798
Total liabilities and stockholders' deficit	19,355	17,177	15,986	15,275	14,516

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Net income	2,498	2,662	2,528	2,430	2,170
Depreciation and amortization of property and equipment	613	550	498	442	408
Other non-cash charges (income)	64	−40	44	15	—
Amortization of debt origination fees	13	12	9	11	13
Deferred income taxes	115	−254	−26	186	−34
Share-based compensation expense	125	106	93	71	56
Accounts receivable	−119	−38	−7	−126	−11
Merchandise inventories	−894	−453	−89	−1,006	−139
Accounts payable and accrued expenses	657	244	−184	1,225	1,030
Income taxes	68	296	93	−11	29
Other, net	−24	−81	−19	−26	−4
Net cash provided by operating activities	3,117	3,004	2,941	3,211	3,519
Capital expenditures	−1,327	−1,073	−797	−672	−622
Purchase of marketable debt securities	−65	−39	−67	−56	−64
Proceeds from sale of marketable debt securities	63	41	58	54	95
Investment in tax credit equity investments	−112	−227	−98	−32	−42
Other, net	40	12	27	58	30
Net cash used in investing activities	−1,400	−1,287	−876	−648	−602
Net proceeds from (payments of) commercial paper	169	−630	606	603	—
Proceeds from issuance of debt	500	2,300	1,750	750	—
Repayment of debt	−900	−300	−800	−500	−250
Net proceeds from sale of common stock	172	176	182	114	188
Purchase of treasury stock	−1,578	−3,141	−3,700	−4,360	−3,378
Repayment of principal portion of finance lease liabilities	−96	−85	−81	−67	−60
Other, net	−13	−4	−18	−11	—
Net cash used in financing activities	−1,747	−1,684	−2,060	−3,470	−3,500
Effect of exchange rate changes on cash	4	−13	8	506,000	4
Net (decrease) increase in cash and cash equivalents	−26	21	13	−907	−579
Interest paid, net of interest cost capitalized	413	354	261	179	188
Income taxes paid	313	438	570	461	575
Leased assets obtained in exchange for new finance lease liabilities	96	196	58	101	112
Leased assets obtained in exchange for new operating lease liabilities	533	415	428	528	445

Filings

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