10-Q Filing

CASEYS GENERAL STORES INC CIK: 726958 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0000726958-16-000170`
Period End Date	20160131
Filing Date	20160307
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	casy-20160131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 70

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, net of accumulated depreciation of $1,297,852 at January 31, 2016 and $1,185,246 at April 30, 2015	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.19B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,297,852 at January 31, 2016 and $1,185,246 at April 30, 2015	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.30B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.64M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$22.61M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$23.94M	USD	Point-in-time
Inventories	`InventoryNet`	$197.33M	USD	Point-in-time
Inventories	`InventoryNet`	$189.72M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.02M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsTaxDeferredExpense`	$18.83M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsTaxDeferredExpense`	$15.53M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$15.00M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$19.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$304.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$305.26M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$18.29M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$18.30M	USD	Point-in-time
Goodwill	`Goodwill`	$127.05M	USD	Point-in-time
Goodwill	`Goodwill`	$127.98M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,297,852 at January 31, 2016 and $1,185,246 at April 30, 2015	`PropertyPlantAndEquipmentNet`	$2.22B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,297,852 at January 31, 2016 and $1,185,246 at April 30, 2015	`PropertyPlantAndEquipmentNet`	$2.02B	USD	Point-in-time
Total assets	`Assets`	$2.67B	USD	Point-in-time
Total assets	`Assets`	$2.47B	USD	Point-in-time
Notes payable to bank	`NotesPayableToBankCurrent`	$2.80M	USD	Point-in-time
Notes payable to bank	`NotesPayableToBankCurrent`	-	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$15.40M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$15.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$226.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$206.64M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$122.91M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$134.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$359.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$364.89M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$838.25M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$830.47M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$354.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$399.82M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$17.64M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$17.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$20.27M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$18.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.59B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.63B	USD	Point-in-time
Preferred stock, no par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$70.99M	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$56.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$972.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$818.96M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$875.23M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.67B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.47B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`SalesRevenueNet`	$5.54B	USD	3 Qtrs
Total revenue	`SalesRevenueNet`	$6.11B	USD	3 Qtrs
Total revenue	`SalesRevenueNet`	$1.67B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$1.57B	USD	1 Quarter
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$1.32B	USD	1 Quarter
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$5.02B	USD	3 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$4.31B	USD	3 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$1.19B	USD	1 Quarter
Gross profit	`GrossProfit`	$371.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.23B	USD	3 Qtrs
Gross profit	`GrossProfit`	$351.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.09B	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$727.88M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$238.78M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$791.18M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$259.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$113.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$125.03M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$43.82M	USD	1 Quarter
Interest, net	`InterestExpense`	$31.06M	USD	3 Qtrs
Interest, net	`InterestExpense`	$10.13M	USD	1 Quarter
Interest, net	`InterestExpense`	$10.19M	USD	1 Quarter
Interest, net	`InterestExpense`	$30.23M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$61.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$220.35M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$278.96M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.59M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$81.06M	USD	3 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$22.32M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$100.03M	USD	3 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$19.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$139.28M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$178.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$38.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.32M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.60	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.59	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.54	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.57	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.00M	shares	3 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.03M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.70M	shares	3 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.80M	shares	1 Quarter
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	403,421.00	shares	1 Quarter
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	397,551.00	shares	3 Qtrs
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	309,125.00	shares	3 Qtrs
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	322,674.00	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.44M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.40M	shares	3 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.01M	shares	3 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.12M	shares	1 Quarter
Dividends	`Dividends`	$0.66	USD	3 Qtrs
Dividends	`Dividends`	$0.22	USD	1 Quarter
Dividends	`Dividends`	$0.20	USD	1 Quarter
Dividends	`Dividends`	$0.60	USD	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$139.28M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$178.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$38.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$113.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$125.03M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$43.82M	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$260.00K	USD	3 Qtrs
Other amortization	`OtherDepreciationAndAmortization`	$310.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$6.29M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$5.79M	USD	3 Qtrs
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-584.00K	USD	3 Qtrs
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-314.00K	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-27.63M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-41.55M	USD	3 Qtrs
Excess tax benefits related to stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.01M	USD	3 Qtrs
Excess tax benefits related to stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.56M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-3.62M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.33M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-39.23M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-7.74M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.43M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.64M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-80.75M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-33.19M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.96M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-16.58M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-10.99M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-7.52M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$216.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$348.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$342.08M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$239.86M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$292.14M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$312.59M	USD	3 Qtrs
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.25M	USD	3 Qtrs
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.07M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.55M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.16M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-313.29M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-327.06M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$456.00K	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$7.80M	USD	3 Qtrs
Net borrowings of short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$2.80M	USD	3 Qtrs
Net borrowings of short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$18.50M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$10.54M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.60M	USD	3 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$24.93M	USD	3 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$22.40M	USD	3 Qtrs
Excess tax benefits related to stock option exercises	`DeferredTaxExpenseFromStockOptionsExercised`	$3.01M	USD	3 Qtrs
Excess tax benefits related to stock option exercises	`DeferredTaxExpenseFromStockOptionsExercised`	$2.56M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.20M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.77M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.02M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-78.00M	USD	3 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$121.64M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$48.54M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.64M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$121.64M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$48.54M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.64M	USD	Point-in-time
Interest, net of amount capitalized	`InterestPaidNet`	$24.54M	USD	3 Qtrs
Interest, net of amount capitalized	`InterestPaidNet`	$23.12M	USD	3 Qtrs
Income taxes, net	`IncomeTaxesPaidNet`	$50.86M	USD	3 Qtrs
Income taxes, net	`IncomeTaxesPaidNet`	$42.35M	USD	3 Qtrs
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$4.64M	USD	3 Qtrs
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$13.26M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.