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10-Q Filing

CASEYS GENERAL STORES INC CIK: 726958 Q1 2024
Filing Information
Form Type 10-Q
Accession Number 0000726958-23-000089
Period End Date 20230731
Filing Date 20230911
Fiscal Year 2024
Fiscal Period Q1
XBRL Instance casy-20230731_htm.xml
Filing Contents
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.69B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.62B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $378.87M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $439.11M USD Point-in-time
Receivables AccountsAndOtherReceivablesNetCurrent $120.55M USD Point-in-time
Receivables AccountsAndOtherReceivablesNetCurrent $133.73M USD Point-in-time
Inventories InventoryNet $424.73M USD Point-in-time
Inventories InventoryNet $376.08M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $24.62M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $22.11M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $23.35M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable - USD Point-in-time
Total current assets AssetsCurrent $920.96M USD Point-in-time
Total current assets AssetsCurrent $1.02B USD Point-in-time
Other assets, net of amortization OtherAssetsNoncurrent $191.90M USD Point-in-time
Other assets, net of amortization OtherAssetsNoncurrent $192.15M USD Point-in-time
Goodwill Goodwill $615.34M USD Point-in-time
Goodwill Goodwill $618.48M USD Point-in-time
Property and equipment, net of accumulated depreciation of $2,694,571 at July 31, 2023 and $2,620,149 at April 30, 2023 PropertyPlantAndEquipmentNet $4.21B USD Point-in-time
Property and equipment, net of accumulated depreciation of $2,694,571 at July 31, 2023 and $2,620,149 at April 30, 2023 PropertyPlantAndEquipmentNet $4.23B USD Point-in-time
Total assets Assets $6.06B USD Point-in-time
Total assets Assets $5.94B USD Point-in-time
Current maturities of long-term debt and finance lease obligations LongTermDebtCurrent $53.64M USD Point-in-time
Current maturities of long-term debt and finance lease obligations LongTermDebtCurrent $52.86M USD Point-in-time
Accounts payable AccountsPayableCurrent $560.55M USD Point-in-time
Accounts payable AccountsPayableCurrent $570.49M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $313.72M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $294.87M USD Point-in-time
Income taxes payable TaxesPayableCurrent $15.00M USD Point-in-time
Income taxes payable TaxesPayableCurrent - USD Point-in-time
Total current liabilities LiabilitiesCurrent $927.12M USD Point-in-time
Total current liabilities LiabilitiesCurrent $934.00M USD Point-in-time
Long-term debt and finance lease obligations, net of current maturities LongTermDebtNoncurrent $1.60B USD Point-in-time
Long-term debt and finance lease obligations, net of current maturities LongTermDebtNoncurrent $1.62B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $543.60M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $559.49M USD Point-in-time
Insurance accruals, net of current portion SelfInsuranceReserveNoncurrent $32.07M USD Point-in-time
Insurance accruals, net of current portion SelfInsuranceReserveNoncurrent $32.31M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $161.97M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $159.06M USD Point-in-time
Total liabilities Liabilities $3.29B USD Point-in-time
Total liabilities Liabilities $3.28B 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 $110.04M USD Point-in-time
Common stock, no par value CommonStockValue $72.64M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.70B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.55B USD Point-in-time
Total shareholders equity StockholdersEquity $2.66B USD Point-in-time
Total shareholders equity StockholdersEquity $2.24B USD Point-in-time
Total shareholders equity StockholdersEquity $2.78B USD Point-in-time
Total shareholders equity StockholdersEquity $2.38B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $6.06B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $5.94B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Total revenue Revenues $3.87B USD 1 Quarter
Total revenue Revenues $4.45B USD 1 Quarter
Cost of goods sold (exclusive of depreciation and amortization, shown separately below) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $3.62B USD 1 Quarter
Cost of goods sold (exclusive of depreciation and amortization, shown separately below) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $2.99B USD 1 Quarter
Operating expenses OperatingExpenses $543.27M USD 1 Quarter
Operating expenses OperatingExpenses $560.86M USD 1 Quarter
Depreciation and amortization CostOfGoodsAndServicesSoldDepreciationAndAmortization $76.30M USD 1 Quarter
Depreciation and amortization CostOfGoodsAndServicesSoldDepreciationAndAmortization $82.91M USD 1 Quarter
Interest, net InterestExpense $12.49M USD 1 Quarter
Interest, net InterestExpense $13.82M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $202.87M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $221.50M USD 1 Quarter
Federal and state income taxes IncomeTaxExpenseBenefit $49.94M USD 1 Quarter
Federal and state income taxes IncomeTaxExpenseBenefit $52.26M USD 1 Quarter
Net income NetIncomeLoss $169.24M USD 1 Quarter
Net income NetIncomeLoss $152.93M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $4.11 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $4.54 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $4.52 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $4.09 USD 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 37.30M shares 1 Quarter
Basic weighted average shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 37.22M shares 1 Quarter
Plus effect of stock compensation (in shares) WeightedAverageNumberDilutedSharesOutstandingAdjustment 186,762.00 shares 1 Quarter
Plus effect of stock compensation (in shares) WeightedAverageNumberDilutedSharesOutstandingAdjustment 155,187.00 shares 1 Quarter
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 37.46M shares 1 Quarter
Diluted weighted average shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 37.41M shares 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.38 USD 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.43 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $169.24M USD 1 Quarter
Net income NetIncomeLoss $152.93M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $82.91M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $76.30M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $345.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $278.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $16.18M USD 1 Quarter
Share-based compensation ShareBasedCompensation $10.47M USD 1 Quarter
(Gain) loss on disposal of assets and impairment charges GainLossOnSaleOfPropertyPlantEquipment $-230.00K USD 1 Quarter
(Gain) loss on disposal of assets and impairment charges GainLossOnSaleOfPropertyPlantEquipment $1.45M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-15.89M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-24.73M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $37.86M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $13.18M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.90M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $48.26M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $6.50M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $2.52M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-4.34M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $34.80M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-7.87M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-20.15M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxesReceivable $-39.14M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxesReceivable $-23.95M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-1.87M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-1.10M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $276.21M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $229.13M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $82.07M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $68.90M USD 1 Quarter
Payments for acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $13.30M USD 1 Quarter
Payments for acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $1.06M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfPropertyPlantAndEquipment $5.78M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfPropertyPlantAndEquipment $5.02M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-76.42M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-78.12M USD 1 Quarter
Payments of long-term debt RepaymentsOfLongTermDebt $16.00M USD 1 Quarter
Payments of long-term debt RepaymentsOfLongTermDebt $29.66M USD 1 Quarter
Payments of cash dividends PaymentsOfDividends $13.13M USD 1 Quarter
Payments of cash dividends PaymentsOfDividends $14.95M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $29.89M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Tax withholdings on employee share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $15.48M USD 1 Quarter
Tax withholdings on employee share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $17.97M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-92.47M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-44.60M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $60.24M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $153.49M USD 1 Quarter
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $378.87M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $439.11M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $312.36M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $158.88M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $378.87M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $439.11M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $312.36M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $158.88M USD Point-in-time
Interest, net of amount capitalized InterestPaidNet $10.70M USD 1 Quarter
Interest, net of amount capitalized InterestPaidNet $8.69M USD 1 Quarter
Income taxes, net IncomeTaxesPaidNet - USD 1 Quarter
Income taxes, net IncomeTaxesPaidNet - USD 1 Quarter
Purchased property and equipment in accounts payable CapitalExpendituresIncurredButNotYetPaid $42.01M USD 1 Quarter
Purchased property and equipment in accounts payable CapitalExpendituresIncurredButNotYetPaid $42.19M USD 1 Quarter
Right-of-use assets obtained in exchange for new finance lease liabilities RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability $8.35M USD 1 Quarter
Right-of-use assets obtained in exchange for new finance lease liabilities RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability $736.00K USD 1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $2.21M USD 1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability - USD 1 Quarter
Stockholders Equity 15 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $2.66B USD Point-in-time
Beginning Balance StockholdersEquity $2.24B USD Point-in-time
Beginning Balance StockholdersEquity $2.78B USD Point-in-time
Beginning Balance StockholdersEquity $2.38B USD Point-in-time
Net income NetIncomeLoss $169.24M USD 1 Quarter
Net income NetIncomeLoss $152.93M USD 1 Quarter
Dividends declared DividendsCommonStock $14.43M USD 1 Quarter
Dividends declared DividendsCommonStock $16.21M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $29.89M USD 1 Quarter
Share-based compensation (net of tax withholding on employee share-based awards) StockIssuedDuringPeriodValueShareBasedCompensation $-7.50M USD 1 Quarter
Share-based compensation (net of tax withholding on employee share-based awards) StockIssuedDuringPeriodValueShareBasedCompensation $707.00K USD 1 Quarter
Ending Balance StockholdersEquity $2.66B USD Point-in-time
Ending Balance StockholdersEquity $2.24B USD Point-in-time
Ending Balance StockholdersEquity $2.78B USD Point-in-time
Ending Balance StockholdersEquity $2.38B USD Point-in-time

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

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