CASY Q2 2022 Earnings Report — Casey's General Stores, Inc. Revenue & Financial Results | Market Cap Arena

Casey's General Stores, Inc.CASY

Q2 2022 Earnings

Reported December 7, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2022	Q1 2022	Q2 2021	QoQ Change	YoY Change
Revenue	$3.3B	$3.2B	$2.2B	2.5%	47.3%
Op. Income	$143M	$169M	$157M	-15.6%	-9.2%
Gross Margin	22.0%	22.7%	28.5%	-0.8pp	-6.5pp
Net Margin	3.0%	3.7%	5.1%	-0.8pp	-2.1pp
EPS (Diluted)	$2.59	$3.19	$3.00	-18.8%	-13.7%
Free Cash Flow	$135M	$197M	$86M	-31.1%	56.9%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.5B
GROSS PROFIT	$718M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$575M
Operating Expenses	$575M
Cost & Expenses	$3.1B
OPERATING INCOME	$143M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$129M
Income Tax Expense	$32M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$97M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$97M
D&A	$74M
EBIT	$143M
EBITDA	$217M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.5B
GROSS PROFIT	$718M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$575M
Operating Expenses	$575M
Cost & Expenses	$3.1B
OPERATING INCOME	$143M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$129M
Income Tax Expense	$32M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$97M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$97M
D&A	$74M
EBIT	$143M
EBITDA	$217M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$97M
Depreciation & Amortization	$74M
Stock-Based Compensation	$9M
Deferred Income Tax	$25M
Other Non-Cash Items	$421.0K
Change in Working Capital	$9M
OPERATING CASH FLOW	$214M
Capital Expenditure	-$78M
Acquisitions (Net)	-$9M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$83M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$121.0K
Common Dividends Paid	-$13M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$18M
FREE CASH FLOW	$135M
Net Change in Cash	$113M

Balance Sheet

Item	Amount
Cash & Equivalents	$312M
Short-Term Investments	$0
Net Receivables	$108M
Inventory	$350M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$795M
PP&E (Net)	$3.9B
Goodwill	$455M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$58M
Other Non-Current Assets	$90M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$5.3B
Account Payables	$509M
Short-Term Debt	$34M
Deferred Revenue	$36M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$803M
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$496M
Other Non-Current Liabilities	$152M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.1B
Common Stock	$59M
Additional Paid-In Capital	$0
Retained Earnings	$2.1B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$1.7B
Net Debt	$1.4B