10-Q Filing

CASEYS GENERAL STORES INC CIK: 726958 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0000726958-18-000165`
Period End Date	20181031
Filing Date	20181210
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	casy-20181031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 72 Stockholders Equity 14

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.61B	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.72B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$285.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.68M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$46.88M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$45.05M	USD	Point-in-time
Inventories	`InventoryNet`	$241.67M	USD	Point-in-time
Inventories	`InventoryNet`	$258.64M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.77M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.92M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$16.85M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$50.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$396.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$382.18M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$29.91M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$39.81M	USD	Point-in-time
Goodwill	`Goodwill`	$140.62M	USD	Point-in-time
Goodwill	`Goodwill`	$140.26M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,715,433 at October 31, 2018 and $1,611,177 at April 30, 2018	`PropertyPlantAndEquipmentNet`	$2.90B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,715,433 at October 31, 2018 and $1,611,177 at April 30, 2018	`PropertyPlantAndEquipmentNet`	$2.98B	USD	Point-in-time
Total assets	`Assets`	$3.55B	USD	Point-in-time
Total assets	`Assets`	$3.47B	USD	Point-in-time
Notes payable to bank	`NotesPayableToBankCurrent`	-	USD	Point-in-time
Notes payable to bank	`NotesPayableToBankCurrent`	$39.60M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$15.37M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$15.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$321.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$324.81M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$131.46M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$130.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$507.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$470.98M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$1.29B	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$1.28B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$341.95M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$374.67M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.58M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.93M	USD	Point-in-time
Insurance accruals, net of current portion	`SelfInsuranceReserveNoncurrent`	$19.75M	USD	Point-in-time
Insurance accruals, net of current portion	`SelfInsuranceReserveNoncurrent`	$20.16M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.59M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$23.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.20B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.19B	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`	-	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$9.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.27B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.35B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.36B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.55B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.47B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$4.25B	USD	2 Qtrs
Total revenue	`Revenues`	$2.54B	USD	1 Quarter
Total revenue	`Revenues`	$2.15B	USD	1 Quarter
Total revenue	`Revenues`	$5.13B	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsAndServicesSold`	$3.30B	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsAndServicesSold`	$4.09B	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsAndServicesSold`	$2.03B	USD	1 Quarter
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsAndServicesSold`	$1.69B	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$322.95M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$644.20M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$703.58M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$344.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$54.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$61.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.53M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$120.20M	USD	2 Qtrs
Interest, net	`InterestExpense`	$12.98M	USD	1 Quarter
Interest, net	`InterestExpense`	$14.19M	USD	1 Quarter
Interest, net	`InterestExpense`	$28.60M	USD	2 Qtrs
Interest, net	`InterestExpense`	$24.35M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$179.72M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$169.28M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$90.59M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$77.58M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$28.66M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$63.60M	USD	2 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$42.88M	USD	2 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$23.97M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$105.68M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$66.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.84M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.73	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.77	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.82	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.75	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.80	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.70	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.28	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.11M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	36.70M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	36.68M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.80M	shares	1 Quarter
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	318,943.00	shares	1 Quarter
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	314,181.00	shares	2 Qtrs
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	378,950.00	shares	1 Quarter
Plus effect of stock compensation (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	379,802.00	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.00M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.49M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.02M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.18M	shares	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.58	USD	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.26	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.52	USD	2 Qtrs
Excise taxes	`ExciseAndSalesTaxes`	$255.11M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$239.07M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$513.08M	USD	2 Qtrs
Excise taxes	`ExciseAndSalesTaxes`	$477.63M	USD	2 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$105.68M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$66.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.84M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$54.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$61.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.53M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$120.20M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.32M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$13.70M	USD	2 Qtrs
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.09M	USD	2 Qtrs
Loss on disposal of assets and impairment charges	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.13M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-34.21M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-21.54M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-746.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$1.83M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$39.03M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$16.92M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.16M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.41M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$69.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.03M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.33M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$8.91M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-20.60M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-35.16M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$10.36M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$676.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$304.29M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$241.56M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$198.41M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$248.80M	USD	2 Qtrs
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.59M	USD	2 Qtrs
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.78M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.30M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.15M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-269.28M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-197.84M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$400.00M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$7.71M	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$7.74M	USD	2 Qtrs
Net repayments of short-term debt	`RepaymentsOfShortTermDebt`	$39.60M	USD	2 Qtrs
Net repayments of short-term debt	`RepaymentsOfShortTermDebt`	$900.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$298.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$379.00K	USD	2 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$20.19M	USD	2 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$19.23M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$132.61M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$37.48M	USD	2 Qtrs
Tax withholdings on employee share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.60M	USD	2 Qtrs
Tax withholdings on employee share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.66M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-108.24M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$236.19M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.79M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$208.47M	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$51.89M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$76.72M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$285.19M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$53.68M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$51.89M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$76.72M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$285.19M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$53.68M	USD	Point-in-time
Interest, net of amount capitalized	`InterestPaid`	$24.26M	USD	2 Qtrs
Interest, net of amount capitalized	`InterestPaid`	$21.43M	USD	2 Qtrs
Income taxes, net	`IncomeTaxesPaidNet`	$-27.48M	USD	2 Qtrs
Income taxes, net	`IncomeTaxesPaidNet`	$21.41M	USD	2 Qtrs
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.59M	USD	2 Qtrs
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$12.56M	USD	2 Qtrs
Shares repurchased in accounts payable	`NoncashOrPartNoncashTransactionSharesRepurchased`	$575.00K	USD	2 Qtrs
Shares repurchased in accounts payable	`NoncashOrPartNoncashTransactionSharesRepurchased`	-	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.36B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.27B	USD	Point-in-time
Implementation of ASU 2014-09	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-4.14M	USD	Point-in-time
Net income	`NetIncomeLoss`	$48.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$105.68M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$66.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.84M	USD	2 Qtrs
Dividends declared	`DividendsCommonStock`	$21.22M	USD	2 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueNewIssues`	$379.00K	USD	2 Qtrs
Repurchase of common stock (shares)	`StockRepurchasedDuringPeriodShares`	352.59M	shares	2 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$35.25M	USD	2 Qtrs
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.32M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$1.36B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.27B	USD	Point-in-time

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