10-Q Filing

CASEYS GENERAL STORES INC CIK: 726958 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-496911`
Period End Date	20121031
Filing Date	20121210
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	casy-20121031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 68 Cash Flow Statement 67

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$861.00M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$901.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.20M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.92M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.57M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$21.70M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$21.28M	USD	Point-in-time
Inventories	`InventoryNet`	$178.30M	USD	Point-in-time
Inventories	`InventoryNet`	$170.79M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.30M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsTaxDeferredExpense`	$10.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsTaxDeferredExpense`	$13.14M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.29M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$16.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$279.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$259.83M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$13.38M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$12.40M	USD	Point-in-time
Goodwill	`Goodwill`	$104.69M	USD	Point-in-time
Goodwill	`Goodwill`	$104.39M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $901,517 at October 31, 2012 and $860,998 at April 30, 2012	`PropertyPlantAndEquipmentNet`	$1.38B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $901,517 at October 31, 2012 and $860,998 at April 30, 2012	`PropertyPlantAndEquipmentNet`	$1.48B	USD	Point-in-time
Total assets	`Assets`	$1.77B	USD	Point-in-time
Total assets	`Assets`	$1.86B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$10.74M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$13.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$215.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$211.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$84.74M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$86.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$314.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$306.64M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$660.05M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$667.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$260.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$278.09M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$14.70M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.04M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.27B	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`	$19.42M	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$12.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$553.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$493.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$572.51M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$506.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.77B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.86B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`SalesRevenueNet`	$3.66B	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$1.78B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$1.91B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$3.78B	USD	2 Qtrs
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`	$3.13B	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$3.21B	USD	2 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$1.63B	USD	1 Quarter
Gross profit	`GrossProfit`	$262.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$566.29M	USD	2 Qtrs
Gross profit	`GrossProfit`	$529.70M	USD	2 Qtrs
Gross profit	`GrossProfit`	$279.31M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$171.83M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$190.04M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$379.44M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$343.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$53.68M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$23.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$46.33M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$27.15M	USD	1 Quarter
Interest, net	`InterestExpense`	$8.78M	USD	1 Quarter
Interest, net	`InterestExpense`	$17.54M	USD	2 Qtrs
Interest, net	`InterestExpense`	$8.64M	USD	1 Quarter
Interest, net	`InterestExpense`	$17.71M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$122.41M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$115.62M	USD	2 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$45.39M	USD	2 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$43.73M	USD	2 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$21.25M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$20.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.02M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$32.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$37.63M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$71.89M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$77.02M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$37.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$32.86M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.02	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.88	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.86	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.01	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.26M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.30M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.04M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.06M	shares	1 Quarter
Plus effect of stock compensation	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	353,690.00	shares	1 Quarter
Plus effect of stock compensation	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	342,934.00	shares	1 Quarter
Plus effect of stock compensation	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	354,434.00	shares	2 Qtrs
Plus effect of stock compensation	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	328,239.00	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.37M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.40M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.66M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.62M	shares	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.33	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.02M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$32.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$37.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$53.68M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$23.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$46.33M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$27.15M	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$389.00K	USD	2 Qtrs
Other amortization	`OtherDepreciationAndAmortization`	$116.00K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$1.52M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$2.06M	USD	2 Qtrs
Loss on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.39M	USD	2 Qtrs
Loss on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-848.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-26.14M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-20.23M	USD	2 Qtrs
Excess tax benefits related to stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.51M	USD	2 Qtrs
Excess tax benefits related to stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$392.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-402.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-416.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.24M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.20M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$734.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$827.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.05M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.49M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.19M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.42M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-46.65M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-11.49M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$82.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$620.00K	USD	2 Qtrs
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivities`	$158.64M	USD	2 Qtrs
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivities`	$188.90M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$114.26M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$160.12M	USD	2 Qtrs
Payments for acquisition of stores, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.31M	USD	2 Qtrs
Payments for acquisition of stores, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.73M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$425.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.05M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-151.56M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-162.38M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.37M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$728.00K	USD	2 Qtrs
Net borrowings of short-term debt	`ProceedsFromShortTermDebt`	$-600.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.65M	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`	$12.64M	USD	2 Qtrs
Excess tax benefits related to stock option exercises	`TaxBenefitFromStockOptionsExercised1`	$1.51M	USD	2 Qtrs
Excess tax benefits related to stock option exercises	`TaxBenefitFromStockOptionsExercised1`	$392.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.71M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.85M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.63M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.59M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.92M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$86.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.92M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.57M	USD	Point-in-time
Interest, net of amount capitalized	`InterestPaidNet`	$17.86M	USD	2 Qtrs
Interest, net of amount capitalized	`InterestPaidNet`	$17.67M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$11.99M	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.