10-Q Filing

CASEYS GENERAL STORES INC CIK: 726958 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-334660`
Period End Date	20111031
Filing Date	20111208
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	casy-20111031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 58 Cash Flow Statement 72

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$777.34M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$818.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$151.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.20M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$19.75M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$20.15M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$159.20M	USD	Point-in-time
Inventories	`InventoryNet`	$159.87M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.18M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.01M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsOther`	$11.39M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsOther`	$10.40M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$43.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$279.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$293.89M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$11.80M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$11.72M	USD	Point-in-time
Goodwill	`Goodwill`	$88.04M	USD	Point-in-time
Goodwill	`Goodwill`	$104.39M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $818,012 at October 31, 2011 and of $777,342 at April 30, 2011	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $818,012 at October 31, 2011 and of $777,342 at April 30, 2011	`PropertyPlantAndEquipmentNet`	$1.22B	USD	Point-in-time
Total assets	`Assets`	$1.70B	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Notes payable to bank	`NotesPayableToBankCurrent`	$600.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.17M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$5.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$215.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$203.19M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$78.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$77.06M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$294.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$288.79M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$673.47M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$678.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$230.21M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$203.08M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$13.71M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$13.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.94M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.21B	USD	Point-in-time
Preferred stock, no par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$7.55M	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$4.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$465.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$399.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$403.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$473.06M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.70B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`SalesRevenueNet`	$1.35B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$1.78B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$2.71B	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$3.66B	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$3.13B	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$1.12B	USD	1 Quarter
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$1.52B	USD	1 Quarter
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$2.25B	USD	2 Qtrs
Gross profit	`GrossProfit`	$461.35M	USD	2 Qtrs
Gross profit	`GrossProfit`	$529.70M	USD	2 Qtrs
Gross profit	`GrossProfit`	$262.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$227.38M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$343.25M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$305.65M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$153.26M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$171.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$39.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$20.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$46.33M	USD	2 Qtrs
Interest, net	`InterestExpense`	$8.20M	USD	1 Quarter
Interest, net	`InterestExpense`	$10.72M	USD	2 Qtrs
Interest, net	`InterestExpense`	$8.78M	USD	1 Quarter
Interest, net	`InterestExpense`	$17.71M	USD	2 Qtrs
Loss on early retirement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-11.35M	USD	1 Quarter
Loss on early retirement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-11.35M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.53M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.02M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.88M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$122.41M	USD	2 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$12.84M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$35.05M	USD	2 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$21.25M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$45.39M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$37.63M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$77.02M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$58.98M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$21.69M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.02	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.27	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.01	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.26	USD	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	46.62M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.04M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.06M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42.28M	shares	1 Quarter
Plus effect of stock options	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	328,239.00	shares	2 Qtrs
Plus effect of stock options	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	342,934.00	shares	1 Quarter
Plus effect of stock options	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	263,899.00	shares	2 Qtrs
Plus effect of stock options	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	287,678.00	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.57M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.40M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.89M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.37M	shares	2 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$37.63M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$77.02M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$58.98M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$21.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$39.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$20.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$46.33M	USD	2 Qtrs
Other amortization	`OtherDepreciationAndAmortization`	$389.00K	USD	2 Qtrs
Other amortization	`OtherDepreciationAndAmortization`	$275.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$1.52M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$1.06M	USD	2 Qtrs
Loss on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-111.00K	USD	2 Qtrs
Loss on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-848.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$26.14M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$15.65M	USD	2 Qtrs
Excess tax benefits related to stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$392.00K	USD	2 Qtrs
Excess tax benefits related to stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$490.00K	USD	2 Qtrs
Loss on early retirement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-11.35M	USD	1 Quarter
Loss on early retirement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-11.35M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-402.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$3.22M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.37M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$827.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$610.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.49M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.90M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.19M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$9.07M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-46.65M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.60M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$18.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$82.00K	USD	2 Qtrs
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivities`	$165.62M	USD	2 Qtrs
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivities`	$188.90M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.89M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$114.26M	USD	2 Qtrs
Payments for acquisition of stores, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.73M	USD	2 Qtrs
Payments for acquisition of stores, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$27.35M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$780.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$425.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.46M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-151.56M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$569.00M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$64.59M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$728.00K	USD	2 Qtrs
Net borrowing of short-term debt	`ProceedsFromShortTermDebt`	$-600.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.12M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.64M	USD	2 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$11.42M	USD	2 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$10.22M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$501.03M	USD	2 Qtrs
Payments of prepayment penalties	`PaymentsOfPrepaymentPenalties`	$11.35M	USD	2 Qtrs
Excess tax benefits related to stock option exercises	`TaxBenefitFromStockOptionsExercised`	$392.00K	USD	2 Qtrs
Excess tax benefits related to stock option exercises	`TaxBenefitFromStockOptionsExercised`	$490.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.71M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.57M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$36.59M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.63M	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$59.57M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$151.68M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$86.20M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$59.57M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$151.68M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$188.27M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$86.20M	USD	Point-in-time
Interest, net of amount capitalized	`InterestPaidNet`	$5.45M	USD	2 Qtrs
Interest, net of amount capitalized	`InterestPaidNet`	$17.86M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$17.37M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$-27.85M	USD	2 Qtrs

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