10-Q Filing

CASEYS GENERAL STORES INC CIK: 726958 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-101041`
Period End Date	20130131
Filing Date	20130311
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	casy-20130131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 68 Cash Flow Statement 68

Balance Sheet 59 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`	$926.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.52M	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`	$59.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.34M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$19.79M	USD	Point-in-time
Receivables	`ReceivablesNetCurrent`	$21.70M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$170.79M	USD	Point-in-time
Inventories	`InventoryNet`	$185.13M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.30M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.95M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsTaxDeferredExpense`	$13.14M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsTaxDeferredExpense`	$10.60M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$16.42M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$16.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$279.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$260.56M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$12.40M	USD	Point-in-time
Other assets, net of amortization	`OtherAssetsNoncurrent`	$13.93M	USD	Point-in-time
Goodwill	`Goodwill`	$114.66M	USD	Point-in-time
Goodwill	`Goodwill`	$104.39M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $926,087 at January 31, 2013 and $860,998 at April 30, 2012	`PropertyPlantAndEquipmentNet`	$1.55B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $926,087 at January 31, 2013 and $860,998 at April 30, 2012	`PropertyPlantAndEquipmentNet`	$1.38B	USD	Point-in-time
Total assets	`Assets`	$1.93B	USD	Point-in-time
Total assets	`Assets`	$1.77B	USD	Point-in-time
Notes payable to bank	`NotesPayableToBankCurrent`	$58.60M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$13.31M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$10.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$197.25M	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`	$97.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$366.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$306.64M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$660.78M	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`	$286.96M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.33M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$14.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.27B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.35B	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`	$12.20M	USD	Point-in-time
Common stock, no par value	`CommonStockValue`	$21.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$562.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$493.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$506.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$583.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.77B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`SalesRevenueNet`	$5.44B	USD	3 Qtrs
Total revenue	`SalesRevenueNet`	$1.58B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$1.66B	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$5.24B	USD	3 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$1.35B	USD	1 Quarter
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$4.63B	USD	3 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$4.48B	USD	3 Qtrs
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	`CostOfGoodsSold`	$1.41B	USD	1 Quarter
Gross profit	`GrossProfit`	$815.97M	USD	3 Qtrs
Gross profit	`GrossProfit`	$249.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$228.75M	USD	1 Quarter
Gross profit	`GrossProfit`	$758.45M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$189.87M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$169.23M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$512.48M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$569.31M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$81.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$70.94M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$28.23M	USD	1 Quarter
Interest, net	`InterestExpense`	$26.30M	USD	3 Qtrs
Interest, net	`InterestExpense`	$8.73M	USD	1 Quarter
Interest, net	`InterestExpense`	$26.44M	USD	3 Qtrs
Interest, net	`InterestExpense`	$8.76M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$138.44M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.17M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.82M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$148.59M	USD	3 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$54.87M	USD	3 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$7.36M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$51.09M	USD	3 Qtrs
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$9.47M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$87.35M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$87.35M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$15.46M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$93.72M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$16.70M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.46	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.28	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.26	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.44	USD	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.07M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.28M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.32M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.05M	shares	3 Qtrs
Plus effect of stock compensation	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	342,826.00	shares	3 Qtrs
Plus effect of stock compensation	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	304,948.00	shares	1 Quarter
Plus effect of stock compensation	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	383,394.00	shares	1 Quarter
Plus effect of stock compensation	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	331,934.00	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.39M	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.46M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.62M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.61M	shares	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.45	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.49	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$87.35M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$81.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$70.94M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$28.23M	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$343.00K	USD	3 Qtrs
Other amortization	`OtherDepreciationAndAmortization`	$159.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$2.66M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$3.17M	USD	3 Qtrs
Loss on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.20M	USD	3 Qtrs
Loss on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-4.27M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-29.10M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-44.90M	USD	3 Qtrs
Excess tax benefits related to stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.68M	USD	3 Qtrs
Excess tax benefits related to stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$564.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.91M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.68M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$12.09M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-126.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$655.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$666.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.92M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-30.49M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$13.26M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$11.97M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-26.17M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-3.68M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$638.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$45.00K	USD	3 Qtrs
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivities`	$194.54M	USD	3 Qtrs
Net cash provided by operations	`NetCashProvidedByUsedInOperatingActivities`	$224.23M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$184.60M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$241.13M	USD	3 Qtrs
Payments for acquisition of stores, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$25.20M	USD	3 Qtrs
Payments for acquisition of stores, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.73M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.42M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.29M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-221.03M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-263.90M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.56M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.19M	USD	3 Qtrs
Net borrowings of short-term debt	`ProceedsFromShortTermDebt`	$58.60M	USD	3 Qtrs
Net borrowings of short-term debt	`ProceedsFromShortTermDebt`	$-600.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.21M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.93M	USD	3 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$17.13M	USD	3 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$18.96M	USD	3 Qtrs
Excess tax benefits related to stock option exercises	`TaxBenefitFromStockOptionsExercised1`	$564.00K	USD	3 Qtrs
Excess tax benefits related to stock option exercises	`TaxBenefitFromStockOptionsExercised1`	$1.68M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$39.97M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.43M	USD	3 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.40M	USD	3 Qtrs
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.23M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.52M	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`	$59.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.52M	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`	$59.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.34M	USD	Point-in-time
Interest, net of amount capitalized	`InterestPaidNet`	$17.64M	USD	3 Qtrs
Interest, net of amount capitalized	`InterestPaidNet`	$17.84M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$18.28M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$-16.80M	USD	3 Qtrs

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