10-Q Filing

CASEYS GENERAL STORES INC CIK: 726958 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0000726958-17-000012`
Period End Date	20170131
Filing Date	20170306
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	casy-20170131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 60 Cash Flow Statement 70

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.46B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.34B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.72M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$27.70M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$34.54M	USD	Point-in-time
Inventories	`InventoryNet`	$204.99M	USD	Point-in-time
Inventories	`InventoryNet`	$209.69M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.73M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.01M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$11.02M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$14.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$375.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$325.88M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$18.98M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$20.24M	USD	Point-in-time
Goodwill	`Goodwill`	$130.08M	USD	Point-in-time
Goodwill	`Goodwill`	$128.57M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,456,308 at January 31, 2017 and $1,340,249 at April 30, 2016	`PropertyPlantAndEquipmentNet`	$2.25B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,456,308 at January 31, 2017 and $1,340,249 at April 30, 2016	`PropertyPlantAndEquipmentNet`	$2.45B	USD	Point-in-time
Total assets	`Assets`	$2.73B	USD	Point-in-time
Total assets	`Assets`	$2.98B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$15.41M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$15.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$230.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$241.21M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$130.99M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$140.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$387.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$386.76M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$822.63M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$914.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$422.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$394.93M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.60M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$17.81M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.76B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.64B	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`	$72.87M	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$85.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.13B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.01B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.22B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.98B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.73B	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`	$1.57B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$1.77B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$5.66B	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
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$4.38B	USD	3 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$1.38B	USD	1 Quarter
Gross profit	`GrossProfit`	$389.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.28B	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.23B	USD	3 Qtrs
Gross profit	`GrossProfit`	$371.17M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$259.62M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$879.74M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$292.32M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$791.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$125.03M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$51.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$145.68M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$43.82M	USD	1 Quarter
Interest, net	`InterestExpense`	$10.13M	USD	1 Quarter
Interest, net	`InterestExpense`	$30.23M	USD	3 Qtrs
Interest, net	`InterestExpense`	$31.17M	USD	3 Qtrs
Interest, net	`InterestExpense`	$10.56M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$278.96M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$226.35M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.59M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$12.76M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$78.94M	USD	3 Qtrs
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`	$178.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$147.41M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$38.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.84M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.59	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.76	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.72	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.54	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`	39.19M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.18M	shares	3 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.03M	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`	466,380.00	shares	3 Qtrs
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	463,445.00	shares	1 Quarter
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	397,551.00	shares	3 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.65M	shares	3 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.44M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.66M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.40M	shares	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.72	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.66	USD	3 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$178.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$147.41M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$38.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$125.03M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$51.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$145.68M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$43.82M	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$310.00K	USD	3 Qtrs
Other amortization	`OtherDepreciationAndAmortization`	$255.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$7.36M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.79M	USD	3 Qtrs
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-314.00K	USD	3 Qtrs
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-810.00K	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-27.40M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-41.55M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$6.84M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.33M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-7.74M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.06M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.64M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.72M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-33.19M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-20.75M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$18.83M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$19.10M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-7.52M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-4.59M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$348.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$3.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$316.03M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$349.52M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$312.59M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$325.61M	USD	3 Qtrs
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$13.56M	USD	3 Qtrs
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.25M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.55M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.92M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-313.29M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-336.26M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$100.00M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$7.80M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$7.80M	USD	3 Qtrs
Net borrowings (repayments) of short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	3 Qtrs
Net borrowings (repayments) of short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$2.80M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.60M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.98M	USD	3 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$27.41M	USD	3 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$24.93M	USD	3 Qtrs
Tax withholdings on employee share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.59M	USD	3 Qtrs
Tax withholdings on employee share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.87M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.20M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.18M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.02M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.95M	USD	3 Qtrs
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`	$48.54M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$75.78M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$115.72M	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`	$48.54M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$75.78M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$115.72M	USD	Point-in-time
Interest, net of amount capitalized	`InterestPaidNet`	$23.12M	USD	3 Qtrs
Interest, net of amount capitalized	`InterestPaidNet`	$24.43M	USD	3 Qtrs
Income taxes, net	`IncomeTaxesPaidNet`	$50.86M	USD	3 Qtrs
Income taxes, net	`IncomeTaxesPaidNet`	$46.86M	USD	3 Qtrs
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$13.26M	USD	3 Qtrs
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$10.02M	USD	3 Qtrs

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