AutoZone, Inc
(NYSE:AZO)

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its ...

Website: http://www.autozone.com

Founded: 1979

Full Time Employees: 60,000

Sector: Consumer Cyclical

Industry: Specialty Retail

Automotive

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At a glance:

Strong DIY and DIFM Aftermarket Demand Supports Resilient Sales: AutoZone continues to benefit from steady demand for replacement parts and maintenance driven by an aging U.S. vehicle fleet and consumers holding onto cars longer, supporting resilient comparable sales.
Aggressive Share Repurchases Drive Per-Share Growth: The company has historically returned substantial capital via buybacks, reducing share count and boosting EPS even when revenue growth is moderate, making capital allocation a key part of the equity story.
Margin and Expense Management Remain Key Watch Items: Gross margin performance can be influenced by product mix, freight, and pricing, while operating margin depends on wage inflation, store labor, and supply-chain efficiency—areas investors track for sustained profitability.
Store Footprint Expansion and Commercial Business Growth Provide Upside: Ongoing domestic and international store openings, along with expansion of the commercial (DIFM) segment, can add incremental growth and diversify demand beyond the core DIY customer base.
Inventory and Working-Capital Discipline Important in a Volatile Macro Environment: Maintaining strong in-stock levels without overbuilding inventory is critical for service levels and cash generation, particularly amid shifting demand patterns and potential cost volatility in parts and logistics.

Bull Thesis:

Resilient Demand & Aging Vehicle Fleet: Auto parts are largely non-discretionary purchases, making demand resilient even during economic downturns. The average age of vehicles on the road continues to increase, leading to greater wear and tear and a sustained need for replacement parts and maintenance.
Strong Commercial Business Growth: AutoZone's commercial segment, serving professional mechanics and repair shops, continues to expand. This segment often offers higher average ticket sizes and more stable demand, diversifying revenue streams beyond the traditional DIY customer.
Shareholder-Friendly Capital Allocation: AutoZone has a long history of aggressive share repurchases, consistently reducing its outstanding share count. This strategy enhances earnings per share (EPS) and can provide a floor for the stock price, signaling confidence from management.
DIY Trend & Value Proposition: Economic pressures and inflation often encourage consumers to perform their own vehicle maintenance and repairs to save money. AutoZone's strong focus on the DIY market, coupled with its extensive product selection and competitive pricing, positions it well to capture this demand.

Bear Thesis:

Long-Term EV Transition Risk: The accelerating shift towards electric vehicles (EVs) poses a significant long-term threat. EVs have fewer moving parts, require different maintenance, and use fewer traditional auto parts, potentially eroding AutoZone's core market over decades.
Intense Competition & Pricing Pressure: AutoZone operates in a highly competitive market with rivals like O'Reilly Auto Parts, Advance Auto Parts, and online retailers such as Amazon and RockAuto. This intense competition can lead to pricing pressure and margin compression.
Inflationary Headwinds & Margin Compression: Rising costs for inventory, labor, and transportation can put significant pressure on AutoZone's gross and operating margins. While some costs can be passed to consumers, competitive pressures may limit this ability, impacting profitability.
Slowing Same-Store Sales Growth: After a period of elevated demand during and immediately following the pandemic, same-store sales growth may normalize or slow down. This could make it challenging for AutoZone to maintain the high growth rates seen in recent years, potentially disappointing investors.

Main Competitors:

O'Reilly Auto Parts ($ORLY) (Automotive aftermarket parts, tools, supplies, equipment, and accessories.), A direct and primary competitor, O'Reilly competes with AutoZone by offering a similar extensive range of automotive aftermarket parts for both DIY (Do-It-Yourself) customers and professional service providers (DIFM). They focus on customer service, inventory availability, and store density to capture market share.
Advance Auto Parts ($AAP) (Automotive aftermarket parts, accessories, batteries, and maintenance items.), Another major direct competitor, Advance Auto Parts competes with AutoZone through its network of retail stores and professional sales channels, targeting both DIY and DIFM customers. They differentiate through brand selection, loyalty programs, and service offerings like free battery testing and wiper installation.
Genuine Parts Company (NAPA Auto Parts) ($GPC) (Automotive parts, industrial parts, office products, and electrical materials (NAPA Auto Parts division).), While GPC is a broader company, its NAPA Auto Parts division is a significant competitor, particularly strong in the professional (DIFM) segment. NAPA competes by offering a vast inventory, strong supply chain, and a reputation for quality parts, often catering to garages and mechanics with specialized needs and delivery services.
Amazon.com ($AMZN) (E-commerce platform selling a wide range of products, including automotive parts and accessories.), Amazon competes with AutoZone primarily in the DIY segment through its vast online marketplace. It offers convenience, competitive pricing, and a massive selection of parts and accessories, often with fast shipping, appealing to customers who prefer to research and purchase parts online rather than in a physical store.

Moat:

AutoZone operates in a highly competitive automotive aftermarket industry. Its primary competitors are other large national chains like O'Reilly Auto Parts and Advance Auto Parts, which directly compete across both the DIY and professional (DIFM) customer segments by offering similar product assortments, services, and store footprints. Genuine Parts Company (NAPA Auto Parts) is a formidable competitor, especially strong in the professional segment due to its extensive inventory and supply chain. Additionally, online retailers such as Amazon.com pose a significant competitive threat, particularly to the DIY market, by leveraging convenience, competitive pricing, and a vast selection with efficient delivery. Competition in this sector often revolves around price, product availability, customer service, and the convenience of obtaining parts quickly.

Income Statements:

Quarterly

Annual

Unit: USD	2026-05-09	2026-02-14	2025-11-22	2025-08-30	2025-05-10	2025-02-15	2024-11-23	2024-08-31	2024-05-04	2024-02-10	2023-11-18	2023-08-26	2023-05-06	2023-02-12	2023-02-11	2022-11-20	2022-11-19	2022-08-27	2022-05-07	2022-02-12	2021-11-20	2021-08-28	2021-05-08	2021-02-13	2020-11-21	2020-08-29	2020-05-09	2020-02-15	2019-11-23	2019-08-31	2019-05-04	2019-02-09	2018-11-17	2018-08-25	2018-05-05	2018-02-10	2017-11-18	2017-08-26	2017-05-06	2017-02-11	2016-11-19	2016-08-27	2016-05-07	2016-02-13	2015-11-21	2015-08-29	2015-05-09	2015-02-14	2014-11-22	2014-08-30	2014-05-10	2014-02-15	2013-11-23	2013-08-31	2013-05-04	2013-02-09	2012-11-17	2012-08-25	2012-05-05	2012-02-11	2011-11-19	2011-08-27	2011-05-07	2011-02-12	2010-11-20	2010-08-28	2010-05-08	2010-02-13	2009-11-21	2009-08-29	2009-05-09	2009-02-14	2008-11-22	2008-08-30	2008-05-03	2008-02-09	2007-11-17	2007-08-25

net sales	4,840,950,000	4,274,098,000	4,628,630,000	6,242,726,000	4,464,339,000	3,952,012,000	4,279,641,000	6,205,380,000	4,235,485,000	3,859,126,000	4,190,277,000	5,690,618,000	4,090,541,000	3,369,750,000	3,369,750,000	3,668,904,000	3,668,904,000	5,348,355,000	3,865,222,000	3,369,750,000	3,668,904,000	4,913,484,000	3,651,023,000	2,910,818,000	3,154,261,000	4,545,968,000	2,779,299,000	2,513,663,000	2,793,038,000	3,988,436,000	2,783,006,000	2,450,568,000	2,641,733,000	3,558,768,000	2,660,152,000	2,413,026,000	2,589,131,000	3,512,605,000	2,619,007,000	2,289,219,000	2,467,845,000	3,398,769,000	2,593,672,000	2,257,192,000	2,386,043,000	3,290,404,000	2,493,021,000	2,143,651,000	2,260,264,000	3,049,696,000	2,341,545,000	1,990,494,000	2,093,578,000	3,095,414,000	2,205,878,000	1,855,198,000	1,991,040,000	2,763,586,000	2,111,866,000	1,804,069,000	1,924,341,000	2,641,996,000	1,978,369,000	1,660,946,000	1,791,662,000	2,445,159,000	1,821,990,000	1,506,225,000	1,589,244,000	2,232,494,000	1,658,160,000	1,447,877,000	1,478,292,000	2,210,514,000	1,517,293,000	1,339,244,000	1,455,655,000
yoy	8.44%	8.15%	8.15%	0.60%	5.40%	2.41%	2.13%	9.05%	3.54%	14.52%	24.35%	55.10%	11.49%	-36.99%	-12.82%	8.88%	0.00%	8.85%	5.87%	15.77%	16.32%	8.08%	31.36%	15.80%	12.93%	13.98%	-0.13%	2.57%	5.73%	12.07%	4.62%	1.56%	2.03%	1.31%	1.57%	5.41%	4.91%	3.35%	0.98%	1.42%	3.43%	3.29%	4.04%	5.30%	5.56%	7.89%	6.47%	7.69%	7.96%	-1.48%	6.15%	7.29%	5.15%	12.01%	4.45%	2.83%	3.47%	4.60%	6.75%	8.62%	7.41%	8.05%	8.58%	10.27%	12.74%	9.53%	9.88%	4.03%	7.51%	0.99%	9.28%	8.11%	1.56%
qoq	13.26%	-7.66%	-25.86%	39.84%	12.96%	-7.66%	-31.03%	46.51%	9.75%	-7.90%	-26.37%	39.12%	21.39%	0.00%	-8.15%	0.00%	-31.40%	38.37%	14.70%	-8.15%	-25.33%	34.58%	25.43%	-7.72%	-30.61%	63.57%	10.57%	-10.00%	-29.97%	43.31%	13.57%	-7.24%	-25.77%	33.78%	10.24%	-6.80%	-26.29%	34.12%	14.41%	-7.24%	-27.39%	31.04%	14.91%	-5.40%	-27.48%	31.98%	16.30%	-5.16%	-25.89%	30.24%	17.64%	-4.92%	-32.37%	40.33%	18.90%	-6.82%	-27.95%	30.86%	17.06%	-6.25%	-27.16%	33.54%	19.11%	-7.30%	-26.73%	34.20%	20.96%	-5.22%	-28.81%	34.64%	14.52%	-2.06%	-33.12%	45.69%	13.29%	-8.00%
cost of sales, including warehouse and delivery expenses	2,316,376,000	2,030,740,000	2,269,317,000	3,026,233,000	2,110,816,000	1,823,611,000	2,011,584,000	2,947,518,000	1,969,963,000	1,779,474,000	1,976,261,000	2,690,947,000	1,944,415,000		1,584,524,000		1,743,744,000	2,592,505,000	1,858,808,000	1,584,524,000	1,743,744,000	2,345,645,000	1,736,077,000	1,351,435,000	1,478,644,000	2,132,993,000	1,288,651,000	1,147,600,000	1,291,970,000	1,858,036,000	1,290,986,000	1,125,461,000	1,224,259,000	1,650,889,000	1,237,178,000	1,135,980,000	1,223,283,000	1,658,481,000	1,240,589,000	1,083,683,000	1,166,303,000	1,604,021,000	1,223,214,000	1,066,596,000	1,133,109,000	1,562,856,000	1,190,232,000	1,023,618,000	1,083,603,000	1,454,479,000	1,124,587,000	953,459,000	1,007,881,000	1,491,039,000	1,063,165,000	893,217,000	959,174,000	1,331,191,000	1,022,067,000	877,854,000	940,714,000	1,289,422,000	964,839,000	815,335,000	883,914,000	1,210,196,000	898,869,000	752,489,000	789,320,000	1,109,441,000	825,253,000	728,579,000	737,101,000	1,098,702,000	755,287,000	671,449,000
gross profit	2,524,574,000	2,243,358,000	2,359,313,000	3,216,493,000	2,353,523,000	2,128,401,000	2,268,057,000	3,257,862,000	2,265,522,000	2,079,652,000	2,214,016,000	2,999,671,000	2,146,126,000	1,785,226,000	1,785,226,000	1,925,160,000	1,925,160,000	2,755,850,000	2,006,414,000	1,785,226,000	1,925,160,000	2,567,839,000	1,914,946,000	1,559,383,000	1,675,617,000	2,412,975,000	1,490,648,000	1,366,063,000	1,501,068,000	2,130,400,000	1,492,020,000	1,325,107,000	1,417,474,000	1,907,879,000	1,422,974,000	1,277,046,000	1,365,848,000	1,854,124,000	1,378,418,000	1,205,536,000	1,301,542,000	1,794,748,000	1,370,458,000	1,190,596,000	1,252,934,000	1,727,548,000	1,302,789,000	1,120,033,000	1,176,661,000	1,595,217,000	1,216,958,000	1,037,035,000	1,085,697,000	1,604,375,000	1,142,713,000	961,981,000	1,031,866,000	1,432,395,000	1,089,799,000	926,215,000	983,627,000	1,352,574,000	1,013,530,000	845,611,000	907,748,000	1,234,963,000	923,121,000	753,736,000	799,924,000	1,123,053,000	832,907,000
yoy	7.27%	5.40%	4.02%	-1.27%	3.88%	2.34%	2.44%	8.61%	5.56%	16.49%	24.02%	55.81%	11.48%	-35.22%	-11.02%	7.84%	0.00%	7.32%	4.78%	14.48%	14.89%	6.42%	28.46%	14.15%	11.63%	13.26%	-0.09%	3.09%	5.90%	11.66%	4.85%	3.76%	3.78%	2.90%	3.23%	5.93%	4.94%	3.31%	0.58%	1.25%	3.88%	3.89%	5.19%	6.30%	6.48%	8.30%	7.05%	8.00%	8.38%	-0.57%	6.50%	7.80%	5.22%	12.01%	4.86%	3.86%	4.90%	5.90%	7.53%	9.53%	8.36%	9.52%	9.79%	12.19%	13.48%	9.96%	10.83%
qoq	12.54%	-4.91%	-26.65%	36.67%	10.58%	-6.16%	-30.38%	43.80%	8.94%	-6.07%	-26.19%	39.77%	20.22%	0.00%	-7.27%	0.00%	-30.14%	37.35%	12.39%	-7.27%	-25.03%	34.09%	22.80%	-6.94%	-30.56%	61.87%	9.12%	-8.99%	-29.54%	42.79%	12.60%	-6.52%	-25.70%	34.08%	11.43%	-6.50%	-26.33%	34.51%	14.34%	-7.38%	-27.48%	30.96%	15.11%	-4.98%	-27.47%	32.60%	16.32%	-4.81%	-26.24%	31.08%	17.35%	-4.48%	-32.33%	40.40%	18.79%	-6.77%	-27.96%	31.44%	17.66%	-5.84%	-27.28%	33.45%	19.86%	-6.85%	-26.50%	33.78%	22.47%	-5.77%	-28.77%	34.84%
gross margin %	52.15%	52.49%	50.97%	51.52%	52.72%	53.86%	53.00%	52.50%	53.49%	53.89%	52.84%	52.71%	52.47%	52.98%	52.98%	52.47%	52.47%	51.53%	51.91%	52.98%	52.47%	52.26%	52.45%	53.57%	53.12%	53.08%	53.63%	54.35%	53.74%	53.41%	53.61%	54.07%	53.66%	53.61%	53.49%	52.92%	52.75%	52.78%	52.63%	52.66%	52.74%	52.81%	52.84%	52.75%	52.51%	52.50%	52.26%	52.25%	52.06%	52.31%	51.97%	52.10%	51.86%	51.83%	51.80%	51.85%	51.83%	51.83%	51.60%	51.34%	51.12%	51.20%	51.23%	50.91%	50.67%	50.51%	50.67%	50.04%	50.33%	50.30%	50.23%	0%	0%	0%	0%	0%	0%
operating, selling, general and administrative expenses	1,600,818,000	1,544,902,000	1,575,108,000	2,020,427,000	1,487,349,000	1,421,634,000	1,426,908,000	1,961,181,000	1,365,341,000	1,336,410,000	1,365,412,000	1,777,175,000	1,287,645,000		1,158,466,000		1,170,675,000	1,652,036,000	1,220,744,000	1,158,466,000	1,170,675,000	1,523,809,000	1,111,441,000	1,077,616,000	1,060,392,000	1,394,930,000	998,975,000	958,125,000	1,001,045,000	1,349,625,000	944,497,000	925,087,000	929,656,000	1,316,640,000	877,209,000	1,071,948,000	897,094,000	1,146,497,000	848,848,000	821,567,000	842,640,000	1,091,382,000	834,084,000	807,936,000	814,939,000	1,058,276,000	788,840,000	758,764,000	768,099,000	965,016,000	738,006,000	699,691,000	701,971,000	968,155,000	686,683,000	644,410,000	668,590,000	872,339,000	662,549,000	625,564,000	642,693,000	828,565,000	620,605,000	573,863,000	601,627,000	762,224,000	567,256,000	523,355,000	539,496,000	705,457,000	527,675,000	504,602,000	502,652,000	694,973,000	488,972,000	470,910,000
operating profit	923,756,000	698,456,000	784,205,000	1,196,066,000	866,174,000	706,767,000	841,149,000	1,296,681,000	900,181,000	743,242,000	848,604,000	1,222,496,000	858,481,000		626,760,000		754,485,000	1,103,814,000	785,670,000	626,760,000	754,485,000	1,044,030,000	803,505,000	481,767,000	615,225,000	1,018,045,000	491,673,000	407,938,000	500,023,000	780,775,000	547,523,000	400,020,000	487,818,000	591,239,000	545,765,000	205,098,000	468,754,000	707,627,000	529,570,000	383,969,000	458,902,000	703,366,000	536,374,000	382,660,000	437,995,000	669,272,000	513,949,000	361,269,000	408,562,000	630,201,000	478,952,000	337,344,000	383,726,000	636,220,000	456,030,000	317,571,000	363,276,000	560,056,000	427,250,000	300,651,000	340,934,000	524,009,000	392,925,000	271,748,000	306,121,000	472,739,000	355,865,000	230,381,000	260,428,000	417,596,000	305,232,000	214,696,000	238,539,000	416,839,000	273,034,000	196,885,000	237,375,000
yoy	6.65%	-1.18%	-6.77%	-7.76%	-3.78%	-4.91%	-0.88%	6.07%	4.86%		35.40%		13.78%		-20.23%		0.00%	5.73%	-2.22%	30.10%	22.64%	2.55%	63.42%	18.10%	23.04%	30.39%	-10.20%	1.98%	2.50%	32.06%	0.32%	95.04%	4.07%	-16.45%	3.06%	-46.58%	2.15%	0.61%	-1.27%	0.34%	4.77%	5.09%	4.36%	5.92%	7.20%	6.20%	7.31%	7.09%	6.47%	-0.95%	5.03%	6.23%	5.63%	13.60%	6.74%	5.63%	6.55%	6.88%	8.74%	10.64%	11.37%	10.85%	10.41%	17.96%	17.55%	13.20%	16.59%	7.31%	9.18%	0.18%	11.79%	9.05%	0.49%
qoq	32.26%	-10.93%	-34.43%	38.09%	22.55%	-15.98%	-35.13%	44.05%	21.12%	-12.42%	-30.58%	42.40%					-31.65%	40.49%	25.35%	-16.93%	-27.73%	29.93%	66.78%	-21.69%	-39.57%	107.06%	20.53%	-18.42%	-35.96%	42.60%	36.87%	-18.00%	-17.49%	8.33%	166.10%	-56.25%	-33.76%	33.62%	37.92%	-16.33%	-34.76%	31.13%	40.17%	-12.63%	-34.56%	30.22%	42.26%	-11.58%	-35.17%	31.58%	41.98%	-12.09%	-39.69%	39.51%	43.60%	-12.58%	-35.14%	31.08%	42.11%	-11.82%	-34.94%	33.36%	44.59%	-11.23%	-35.25%	32.84%	54.47%	-11.54%	-37.64%	36.81%	42.17%	-10.00%	-42.77%	52.67%	38.68%	-17.06%
operating margin %	19.08%	16.34%	16.94%	19.16%	19.40%	17.88%	19.65%	20.90%	21.25%	19.26%	20.25%	21.48%	20.99%	0%	18.60%	0%	20.56%	20.64%	20.33%	18.60%	20.56%	21.25%	22.01%	16.55%	19.50%	22.39%	17.69%	16.23%	17.90%	19.58%	19.67%	16.32%	18.47%	16.61%	20.52%	8.50%	18.10%	20.15%	20.22%	16.77%	18.60%	20.69%	20.68%	16.95%	18.36%	20.34%	20.62%	16.85%	18.08%	20.66%	20.45%	16.95%	18.33%	20.55%	20.67%	17.12%	18.25%	20.27%	20.23%	16.67%	17.72%	19.83%	19.86%	16.36%	17.09%	19.33%	19.53%	15.30%	16.39%	18.71%	18.41%	14.83%	16.14%	18.86%	17.99%	14.70%	16.31%
interest expense	110,490,000	107,205,000	106,270,000	148,088,000	111,285,000	108,822,000	107,629,000	153,152,000	104,422,000	102,619,000	91,384,000	108,727,000	74,313,000		42,471,000		43,284,000	63,996,000	41,888,000	42,471,000	43,284,000	58,120,000	45,026,000	46,012,000	46,179,000	65,637,000	47,450,000	44,335,000	43,743,000	61,196,000	43,239,000	41,362,000	39,006,000	54,341,000	41,958,000	39,340,000	38,889,000	51,400,000	35,675,000	34,198,000	33,306,000	45,788,000	34,051,000	32,832,000	35,010,000	47,065,000	31,779,000	34,536,000	37,060,000	49,426,000	36,162,000	39,490,000	42,431,000	60,896,000	42,091,000	41,323,000	41,104,000	58,145,000	39,743,000	38,923,000	39,094,000	53,812,000	39,916,000	39,576,000	37,253,000	49,426,000	36,833,000	36,309,000	36,340,000	47,762,000	31,482,000	31,907,000	31,166,000	34,765,000	25,331,000	28,588,000	28,062,000
income before income taxes	813,266,000	591,251,000	677,935,000	1,047,978,000	754,889,000	597,945,000	733,520,000	1,143,529,000	795,759,000	640,623,000	757,220,000	1,113,769,000	784,168,000	584,289,000	584,289,000	711,201,000	711,201,000	1,039,818,000	743,782,000	584,289,000	711,201,000	985,910,000	758,479,000	435,755,000	569,046,000	952,408,000	444,223,000	363,603,000	456,280,000	719,579,000	504,284,000	358,658,000	448,812,000	536,898,000	503,807,000	165,758,000	429,865,000	656,227,000	493,895,000	349,771,000	425,596,000	657,578,000	502,323,000	349,828,000	402,985,000	622,207,000	482,170,000	326,733,000	371,502,000	580,775,000	442,790,000	297,854,000	341,295,000	575,324,000	413,939,000	276,248,000	322,172,000	501,911,000	387,507,000	261,728,000	301,840,000	470,197,000	353,009,000	232,172,000	268,868,000	423,313,000	319,032,000	194,072,000	224,088,000	369,834,000	273,750,000	182,789,000	207,373,000	382,074,000	247,703,000	168,297,000	209,313,000
income tax expense	171,775,000	122,391,000	147,112,000	211,028,000	146,449,000	110,022,000	168,587,000	241,321,000	144,033,000	125,593,000	163,757,000	248,928,000	136,445,000		112,534,000		155,966,000	229,775,000	151,211,000	112,534,000	155,966,000	200,139,000	162,315,000	89,809,000	126,613,000	211,951,000	101,327,000	64,321,000	105,942,000				97,406,000																																96,792,000
net income	641,491,000	468,860,000	530,823,000	836,950,000	608,440,000	487,923,000	564,933,000	902,208,000	651,726,000	515,030,000	593,463,000	864,841,000	647,723,000	471,755,000	471,755,000	555,235,000	555,235,000	810,043,000	592,571,000	471,755,000	555,235,000	785,771,000	596,164,000	345,946,000	442,433,000	740,457,000	342,896,000	299,282,000	350,338,000	565,229,000	405,949,000	294,638,000	351,406,000	400,282,000	366,721,000	289,530,000	281,003,000	433,900,000	331,700,000	237,145,000	278,125,000	426,768,000	327,515,000	228,613,000	258,112,000	401,137,000	309,071,000	211,723,000	238,310,000	373,670,000	285,157,000	192,830,000	218,087,000	371,199,000	265,583,000	176,247,000	203,452,000	323,732,000	248,586,000	166,930,000	191,125,000	301,469,000	227,373,000	148,056,000	172,076,000	268,933,000	202,745,000	123,333,000	143,300,000	236,126,000	173,689,000	115,864,000	131,371,000	243,746,000	158,638,000	106,704,000	132,516,000
yoy	5.43%	-3.91%	-6.04%	-7.23%	-6.64%	-5.26%	-4.81%	4.32%	0.62%	9.17%	25.80%	55.76%	16.66%	-41.76%	-20.39%	17.70%	0.00%	3.09%	-0.60%	36.37%	25.50%	6.12%	73.86%	15.59%	26.29%	31.00%	-15.53%	1.58%	-0.30%	41.21%	10.70%	1.76%	25.05%	-7.75%	10.56%	22.09%	1.03%	1.67%	1.28%	3.73%	7.75%	6.39%	5.97%	7.98%	8.31%	7.35%	8.39%	9.80%	9.27%	0.67%	7.37%	9.41%	7.19%	14.66%	6.84%	5.58%	6.45%	7.38%	9.33%	12.75%	11.07%	12.10%	12.15%	20.05%	20.08%	13.89%	16.73%	6.45%	9.08%	-3.13%	9.49%	8.58%	-0.86%
qoq	36.82%	-11.67%	-36.58%	37.56%	24.70%	-13.63%	-37.38%	38.43%	26.54%	-13.22%	-31.38%	33.52%	37.30%	0.00%	-15.04%	0.00%	-31.46%	36.70%	25.61%	-15.04%	-29.34%	31.80%	72.33%	-21.81%	-40.25%	115.94%	14.57%	-14.57%	-38.02%	39.24%	37.78%	-16.15%	-12.21%	9.15%	26.66%	3.03%	-35.24%	30.81%	39.87%	-14.73%	-34.83%	30.30%	43.26%	-11.43%	-35.65%	29.79%	45.98%	-11.16%	-36.22%	31.04%	47.88%	-11.58%	-41.25%	39.77%	50.69%	-13.37%	-37.15%	30.23%	48.92%	-12.66%	-36.60%	32.59%	53.57%	-13.96%	-36.02%	32.65%	64.39%	-13.93%	-39.31%	35.95%	49.91%	-11.80%	-46.10%	53.65%	48.67%	-19.48%
net income margin %	13.25%	10.97%	11.47%	13.41%	13.63%	12.35%	13.20%	14.54%	15.39%	13.35%	14.16%	15.20%	15.83%	14.00%	14.00%	15.13%	15.13%	15.15%	15.33%	14.00%	15.13%	15.99%	16.33%	11.88%	14.03%	16.29%	12.34%	11.91%	12.54%	14.17%	14.59%	12.02%	13.30%	11.25%	13.79%	12.00%	10.85%	12.35%	12.67%	10.36%	11.27%	12.56%	12.63%	10.13%	10.82%	12.19%	12.40%	9.88%	10.54%	12.25%	12.18%	9.69%	10.42%	11.99%	12.04%	9.50%	10.22%	11.71%	11.77%	9.25%	9.93%	11.41%	11.49%	8.91%	9.60%	11.00%	11.13%	8.19%	9.02%	10.58%	10.47%	8.00%	8.89%	11.03%	10.46%	7.97%	9.10%
weighted-average shares for basic earnings per share	16,468	16,573	16,652	16,789	16,746	16,788	16,913	17,309	17,273	17,319	17,709	18,510	18,389	20,513	20,513	20,988	20,988	20,107	19,798	20,513	20,988	22,237	21,956	22,648	23,223	23,540	23,386	23,570	23,875	24,966	24,836	25,166	25,629	26,970	26,926	27,355	27,638	28,430	28,358	28,606	28,951	29,889	29,809	30,170	30,498	31,560	31,643	31,903	32,132	33,267	33,073	33,647	34,111	35,943	35,922	36,258	36,845	38,696	38,644	39,281	39,865	42,632	41,978	43,399	44,669	48,488	48,377	49,436	50,114	55,282	54,652	56,517	58,325	63,295	63,237	63,201
effect of dilutive stock equivalents	384	396	450	-3	461	457	457	-13	488	509	525	-29	594		645		621	-1	616	645	621	17	559	520	555	3	442	590	618	31	558	477	468	-9	403	527	458	-76	647	734	752	-15	596	608	640	5	658	637	629	8	643	614	565	-28	607	646	741	-39	946	956	999	-2	977	979	965	38	835	750	710	29	804	648	590	19	555	539	589
weighted-average shares for diluted earnings per share	16,852	16,969	17,102	17,245	17,207	17,245	17,370	17,803	17,761	17,828	18,234	19,103	18,983	21,158	21,158	21,609	21,609	20,733	20,414	21,158	21,609	22,799	22,515	23,168	23,778	24,093	23,828	24,160	24,493	25,498	25,394	25,643	26,097	27,424	27,329	27,882	28,096	29,065	29,005	29,340	29,703	30,488	30,405	30,778	31,138	32,206	32,301	32,540	32,761	33,882	33,716	34,261
basic earnings per share	38.95	28.29	31.88	50	36.33	29.06	33.4	52.86	37.73	29.74	33.51	47.64	35.22	23	23	26.45	26.45	41.57	29.93	23	26.45	36.36	27.15	15.27	19.05	31.58	14.66	12.7	14.67	23.05	16.35	11.71	13.71	15.27	13.62	10.58	10.17	15.48	11.7	8.29	9.61	14.52	10.99	7.58	8.46	12.96	9.77	6.64	7.42	11.45	8.62	5.73	6.39	10.52	7.39	4.86	5.52	8.59	6.43	4.25	4.79	7.28	5.42	3.41	3.85	5.71	4.19	2.49	2.86	4.44	3.18	2.05	2.25	3.9	2.51	1.69	2.04
diluted earnings per share	38.07	27.63	31.04	48.7	35.36	28.29	32.52	51.44	36.69	28.89	32.55	46.26	34.12	22.3	22.3	25.69	25.69	40.29	29.03	22.3	25.69	35.39	26.48	14.93	18.61	30.85	14.39	12.39	14.3	22.51	15.99	11.49	13.47	15.02	13.42	10.38	10	15.21	11.44	8.08	9.36	14.24	10.77	7.43	8.29	12.7	9.57	6.51	7.27	11.23	8.46	5.63	6.29	10.35	7.27	4.78	5.41	8.4	6.28	4.15	4.68	7.12	5.29	3.34	3.77	5.6	4.12	2.46	2.82	4.37	3.13	2.03	2.23	3.85	2.49	1.67	2.02

income taxes																														64,940,500	98,335,000	64,020,000		40,544,250	137,086,000	-123,772,000	148,862,000	105,573,250	162,195,000	112,626,000	147,471,000	110,224,250	174,808,000	121,215,000	144,873,000	105,325,250	173,099,000	115,010,000	133,192,000	96,466,250	157,633,000	105,024,000	123,208,000	91,769,500	148,356,000	100,001,000	118,720,000	86,108,500	138,921,000	94,798,000	110,715,000	76,636,000	125,636,000	84,116,000		66,953,500	116,287,000	70,739,000	80,788,000	133,708,000	100,061,000	66,925,000	76,002,000	138,328,000	89,065,000	61,593,000	76,797,000
adjusted weighted-average shares for diluted earnings per share																																																					34,676	36,581	36,529	36,904	37,586	39,625	39,590	40,237	40,864	43,603	42,955	44,378	45,634	49,304	49,212	50,186	50,824	55,992	55,456	57,165	58,915	63,875	63,792	63,740
cost of sales, including warehouse
and delivery expenses																																																																													729,207,000
operating, selling, general and
administrative expenses																																																																													489,073,000
weighted average shares
for basic earnings per share																																																																													64,855
adjusted weighted-average shares
for diluted earnings per share																																																																													65,444

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-05-09	2026-02-14	2025-11-22	2025-08-30	2025-05-10	2025-02-15	2024-11-23	2024-08-31	2024-05-04	2024-02-10	2023-11-18	2023-08-26	2023-05-06	2023-02-11	2022-11-19	2022-08-27	2022-05-07	2022-02-12	2021-11-20	2021-08-28	2021-05-08	2021-02-13	2020-11-21	2020-08-29	2020-05-09	2020-02-15	2019-11-23	2019-08-31	2019-05-04	2019-02-09	2018-11-17	2018-08-25	2018-05-05	2018-02-10	2017-11-18	2017-08-26	2017-05-06	2017-02-11	2016-11-19	2016-08-27	2016-05-07	2016-02-13	2015-11-21	2015-08-29	2015-05-09	2015-02-14	2014-11-22	2014-08-30	2014-05-10	2014-02-15	2013-11-23	2013-08-31	2013-05-04	2013-02-09	2012-11-17	2012-08-25	2012-05-05	2012-02-11	2011-11-19	2011-08-27	2011-05-07	2011-02-12	2010-11-20	2010-08-28	2010-05-08	2010-02-13	2009-11-21	2009-08-29	2009-05-09	2009-02-14	2008-11-22	2008-08-30	2008-05-03	2008-02-09	2007-11-17	2007-08-25

assets
current assets:
cash and cash equivalents	253,729,000	285,492,000	287,639,000	271,803,000	268,625,000	300,905,000	304,018,000	298,172,000	275,358,000	304,096,000	282,981,000	277,054,000	274,916,000	301,286,000	269,790,000	264,380,000	263,044,000	239,423,000	961,125,000	1,171,335,000	975,646,000	1,026,164,000	1,664,005,000	1,750,815,000	509,118,000	152,970,000	158,089,000	176,300,000	174,058,000	195,665,000	252,086,000	217,824,000	218,386,000	288,522,000	257,677,000	293,270,000	227,141,000	210,649,000	195,538,000	189,734,000	213,380,000	207,958,000	165,486,000	175,309,000	153,288,000	151,539,000	117,192,000	124,485,000	145,349,000	139,755,000	125,852,000	142,191,000	133,685,000	115,548,000	99,864,000	103,093,000	103,100,000	103,207,000	96,676,000	97,606,000	100,367,000	107,881,000	98,013,000	98,280,000	95,762,000	105,161,000	79,603,000	92,706,000	94,287,000	107,973,000	85,756,000	242,461,000	81,654,000	93,465,000	79,813,000	86,654,000
accounts receivable	764,924,000	698,376,000	637,839,000	670,137,000	588,514,000	597,404,000	533,485,000	545,575,000	586,775,000	501,117,000	511,907,000	520,385,000	471,009,000	484,767,000	501,798,000	504,886,000	439,820,000	405,585,000	379,276,000	378,392,000	359,669,000	352,517,000	350,915,000	364,774,000	266,920,000	340,280,000	333,246,000	308,995,000	281,610,000	298,319,000	275,194,000	258,136,000	261,299,000	282,532,000	272,450,000	280,733,000	276,110,000	246,882,000	270,768,000	287,680,000	294,529,000	295,792,000	248,120,000	247,872,000	212,068,000	196,650,000	195,521,000	200,899,000	190,848,000	191,115,000	173,114,000	171,638,000	155,550,000	160,420,000	173,338,000	161,375,000	133,941,000	144,790,000	135,695,000	140,690,000	136,369,000	140,227,000	116,645,000	125,802,000	121,325,000	147,466,000	142,721,000	126,514,000	140,754,000	125,312,000	67,440,000	71,241,000	74,965,000	65,270,000	53,900,000	59,876,000
merchandise inventories	7,559,056,000	7,484,042,000	7,144,353,000	7,025,688,000	6,822,881,000	6,588,586,000	6,274,070,000	6,155,218,000	6,155,300,000	5,970,175,000	5,774,467,000	5,764,143,000	5,703,688,000	5,731,255,000	5,607,690,000	5,638,004,000	5,313,114,000	5,031,222,000	4,768,258,000	4,639,813,000	4,665,477,000	4,736,826,000	4,628,334,000	4,473,282,000	4,440,602,000	4,606,211,000	4,463,124,000	4,319,113,000	4,325,659,000	4,305,469,000	4,090,376,000	3,943,670,000	4,005,820,000	4,085,528,000	4,012,104,000	3,882,086,000	3,861,052,000	3,902,121,000	3,773,242,000	3,631,916,000	3,597,251,000	3,590,687,000	3,515,703,000	3,421,635,000	3,468,249,000	3,456,812,000	3,280,228,000	3,140,100,000	3,133,350,000	3,089,245,000	2,947,556,000	2,861,014,000	2,796,782,000	2,758,543,000	2,702,103,000	2,627,983,000	2,629,821,000	2,577,704,000	2,531,210,000	2,466,107,000	2,491,981,000	2,418,751,000	2,361,512,000	2,304,579,000	2,288,364,000	2,261,528,000	2,262,823,000	2,207,497,000	2,240,511,000	2,190,198,000	2,186,627,000	2,150,109,000	2,106,473,000	2,068,483,000	2,051,524,000	2,007,430,000
other current assets	356,860,000	364,164,000	372,682,000	373,751,000	305,691,000	315,703,000	308,977,000	307,794,000	272,019,000	381,668,000	387,446,000	217,844,000	259,259,000	277,497,000	253,840,000	220,714,000	238,743,000	227,540,000	240,487,000	225,763,000	223,604,000	211,338,000	193,541,000	223,001,000	181,353,000	201,086,000	202,516,000	224,277,000	190,013,000	197,619,000	196,673,000	216,239,000	185,772,000	169,725,000	174,961,000	155,166,000	142,946,000	133,115,000	129,138,000	130,243,000	120,326,000	115,376,000	120,763,000	121,847,000	110,075,000	102,064,000	107,548,000	110,420,000	112,047,000	112,452,000	121,843,000	101,443,000	91,074,000	87,789,000	86,003,000	85,649,000	77,410,000	82,863,000	79,092,000	88,022,000	77,812,000	71,256,000	84,394,000	83,160,000	73,497,000	134,558,000	132,794,000	135,013,000	132,432,000	157,384,000	122,322,000	122,490,000	123,846,000	129,426,000	134,500,000	116,495,000
total current assets	8,934,569,000	8,832,074,000	8,442,513,000	8,341,379,000	7,985,711,000	7,802,598,000	7,420,550,000	7,306,759,000	7,289,452,000	7,157,056,000	6,956,801,000	6,779,426,000	6,708,872,000	6,794,805,000	6,633,118,000	6,627,984,000	6,254,721,000	5,903,770,000	6,349,146,000	6,415,303,000	6,224,396,000	6,326,845,000	6,836,795,000	6,811,872,000	5,397,993,000	5,300,547,000	5,156,975,000	5,028,685,000	4,971,340,000	4,997,072,000	4,814,329,000	4,635,869,000	4,671,277,000	4,826,307,000	4,717,192,000	4,611,255,000	4,507,249,000	4,492,767,000	4,368,686,000	4,239,573,000	4,225,486,000	4,209,813,000	4,053,871,000	3,970,294,000	3,950,490,000	3,913,863,000	3,707,581,000	3,580,612,000	3,587,844,000	3,538,498,000	3,370,235,000	3,278,013,000	3,178,323,000	3,123,368,000	3,062,291,000	2,978,946,000	2,944,272,000	2,908,564,000	2,842,673,000	2,792,425,000	2,806,529,000	2,738,115,000	2,660,564,000	2,611,821,000	2,578,948,000	2,648,713,000	2,617,941,000	2,561,730,000	2,607,984,000	2,580,867,000	2,462,145,000	2,586,301,000	2,386,938,000	2,356,644,000	2,319,737,000	2,270,455,000
property and equipment:
property and equipment	13,742,967,000	13,365,701,000	12,866,368,000	12,552,328,000	12,128,141,000	11,759,884,000	11,489,436,000	11,305,125,000	11,075,765,000	10,847,940,000	10,550,192,000	10,337,890,000	9,937,300,000	9,723,855,000	9,571,496,000	9,453,171,000	9,139,576,000	8,965,026,000	8,854,872,000	8,807,178,000	8,538,854,000	8,410,097,000	8,283,676,000	8,136,542,000	7,899,183,000	7,948,231,000	7,844,304,000		7,556,743,000	7,436,916,000	7,324,008,000		7,124,603,000	7,041,562,000	6,952,694,000		6,660,492,000	6,501,072,000	6,397,584,000		6,157,061,000	6,021,684,000	5,979,444,000		5,747,901,000	5,648,630,000	5,598,394,000		5,322,299,000	5,225,310,000	5,148,489,000		4,934,713,000	4,839,902,000	4,735,703,000		4,565,947,000	4,488,383,000	4,408,429,000		4,270,644,000	4,173,972,000	4,118,898,000		3,950,799,000	3,901,843,000	3,863,498,000		3,750,240,000	3,676,662,000	3,643,834,000		3,571,288,000	3,492,926,000	3,440,810,000
less: accumulated depreciation and amortization	-5,945,979,000	-5,811,181,000	-5,630,125,000	-5,489,819,000	-5,400,923,000	-5,310,755,000	-5,208,333,000	-5,121,586,000	-5,026,706,000	-4,940,456,000	-4,837,035,000	-4,741,342,000	-4,603,277,000	-4,487,726,000	-4,376,950,000	-4,282,752,000	-4,167,950,000	-4,085,947,000	-3,996,944,000	-3,950,287,000	-3,855,705,000	-3,782,104,000	-3,697,674,000	-3,627,321,000	-3,514,597,000	-3,471,805,000	-3,393,648,000	3,314,445,000	-3,231,813,000	-3,166,993,000	3,095,207,000	3,073,223,000	-3,001,637,000	-2,960,261,000	-2,891,743,000	2,842,175,000	-2,756,340,000	-2,697,269,000	-2,647,073,000	2,596,861,000	-2,537,756,000	-2,476,802,000	-2,442,389,000	2,386,075,000	-2,321,513,000	-2,272,150,000	-2,240,330,000	2,190,199,000	-2,129,010,000	-2,090,055,000	-2,039,719,000	1,987,164,000	-1,931,890,000	-1,895,353,000	-1,845,434,000	1,803,833,000	-1,798,849,000	-1,763,987,000	-1,741,324,000	1,702,997,000	-1,655,620,000	-1,619,108,000	-1,586,693,000	1,547,315,000	1,525,756,000	1,518,700,000	1,494,652,000	1,455,057,000	1,448,446,000	1,409,258,000	1,376,636,000	1,349,621,000	1,315,547,000	1,288,824,000	1,252,275,000	1,217,703,000
property and equipment: - sum	7,796,988,000	7,554,520,000	7,236,243,000		6,727,218,000	6,449,129,000	6,281,103,000		6,049,059,000	5,907,484,000	5,713,157,000		5,334,023,000	5,236,129,000	5,194,546,000		4,971,626,000	4,879,079,000	4,857,928,000		4,683,149,000	4,627,993,000	4,586,002,000		4,384,586,000	4,476,426,000	4,450,656,000	7,713,196,000	4,324,930,000	4,269,923,000		7,291,623,000	4,122,966,000	4,081,301,000	4,060,951,000	6,873,193,000	3,904,152,000	3,803,803,000	3,750,511,000	6,330,115,000	3,619,305,000	3,544,882,000	3,537,055,000	5,891,707,000	3,426,388,000	3,376,480,000	3,358,064,000	5,500,674,000	3,193,289,000	3,135,255,000	3,108,770,000	5,058,525,000	3,002,823,000	2,944,549,000	2,890,269,000	4,659,761,000	2,767,098,000	2,724,396,000	2,667,105,000	4,371,872,000	2,615,024,000	2,554,864,000	2,532,205,000	4,067,261,000				3,809,414,000				3,639,277,000				3,395,545,000
operating lease right-of-use assets	3,413,970,000	3,300,213,000	3,251,395,000	3,194,666,000	3,145,590,000	3,120,826,000	3,086,857,000	3,057,780,000	3,097,047,000	2,999,294,000	2,998,672,000	2,998,097,000	2,959,488,000	2,943,844,000	2,922,148,000	2,918,817,000	2,764,631,000	2,743,771,000	2,717,566,000	2,718,712,000	2,694,846,000	2,660,667,000	2,607,019,000	2,581,677,000	2,613,849,000	2,579,217,000	2,585,105,000
goodwill	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	391,887,000	391,887,000	391,887,000	391,887,000	391,887,000	391,887,000	391,887,000	391,887,000	391,887,000	391,887,000	384,613,000	384,013,000	383,917,000	367,829,000	367,829,000	367,829,000	367,829,000	367,829,000	386,085,000	385,985,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000
deferred income taxes	132,109,000	131,351,000	120,009,000	118,433,000	100,910,000	97,308,000	79,400,000	83,689,000	85,267,000	84,700,000	84,087,000	86,002,000	62,043,000	59,814,000	53,444,000	52,047,000	40,707,000	40,730,000	40,164,000	41,043,000	30,366,000	30,240,000	29,887,000	27,843,000	23,345,000	27,945,000	27,365,000	26,861,000	35,150,000	34,844,000	33,118,000	34,620,000	33,784,000	34,251,000	33,990,000	35,308,000	38,230,000	35,809,000	35,581,000				3,799,000	3,631,000	6,810,000	6,798,000	7,092,000	4,708,000	6,250,000	5,931,000	1,870,000	1,727,000	1,232,000	1,068,000	983,000	846,000	22,390,000	19,685,000	19,312,000	10,661,000	62,686,000	59,634,000	50,040,000	46,223,000	46,642,000	50,746,000	55,154,000	59,067,000	49,906,000	45,417,000	41,337,000	38,283,000	46,600,000	46,307,000	36,280,000	21,331,000
other long-term assets	336,182,000	317,792,000	312,780,000	335,692,000	359,909,000	343,773,000	295,207,000	242,126,000	284,962,000	266,475,000	237,208,000	223,160,000	230,851,000	207,905,000	210,032,000	203,131,000	186,235,000	208,478,000	193,500,000	181,605,000	202,544,000	211,603,000	206,226,000	190,614,000	179,713,000	176,969,000	177,710,000	138,971,000	139,675,000	140,611,000	144,688,000	155,446,000	171,097,000	159,215,000	193,064,000	190,313,000	186,746,000	178,364,000	195,879,000	198,218,000	196,491,000	196,257,000	193,240,000	191,921,000	222,502,000	225,593,000	221,816,000	213,805,000	205,558,000	205,659,000	170,770,000	170,817,000	168,375,000	167,707,000	106,287,000	94,324,000	112,449,000	101,174,000	100,845,000	94,996,000	97,994,000	110,345,000	95,035,000	90,959,000	99,492,000	39,745,000	41,237,000	40,606,000	33,847,000	38,752,000	39,889,000	40,227,000	34,980,000	28,699,000	27,020,000	32,436,000
total assets	20,916,463,000	20,438,595,000	19,665,585,000	19,355,324,000	18,621,983,000	18,116,279,000	17,465,762,000	17,176,538,000	17,108,432,000	16,717,654,000	16,292,570,000	15,985,878,000	15,597,922,000	15,545,142,000	15,315,933,000	15,275,043,000	14,520,565,000	14,078,473,000	14,460,949,000	14,516,199,000
liabilities and stockholders’ deficit
current liabilities:
accounts payable	8,401,277,000	8,297,536,000	8,262,343,000	8,025,590,000	7,887,417,000	7,784,717,000	7,498,696,000	7,355,701,000	7,369,673,000	7,149,882,000	7,182,948,000	7,201,281,000	7,215,566,000	7,321,551,000	7,345,981,000	7,301,347,000	6,793,205,000	6,378,606,000	6,171,344,000	6,013,924,000	5,778,222,000	5,351,096,000	5,282,313,000	5,156,324,000	4,806,329,000	4,869,914,000	4,922,148,000	4,864,912,000	4,693,094,000	4,669,568,000	4,455,330,000	4,409,372,000	4,296,677,000	4,365,666,000	4,326,737,000	4,168,940,000	4,140,690,000	4,114,960,000	4,162,316,000	4,095,854,000	3,991,030,000	3,912,107,000	3,889,849,000	3,864,168,000	3,845,129,000	3,716,519,000	3,690,754,000	3,609,199,000	3,574,921,000	3,477,697,000	3,407,286,000	3,307,535,000	3,116,557,000	3,034,017,000	3,021,916,000	2,926,740,000	2,866,580,000	2,824,873,000	2,843,741,000	2,755,853,000	2,710,081,000	2,524,539,000	2,519,943,000	2,433,050,000	2,235,766,000	2,144,995,000	2,187,347,000	2,118,746,000	2,098,308,000	1,974,747,000	2,002,128,000	2,043,271,000	1,873,706,000	1,842,951,000	1,844,940,000	1,870,668,000
current portion of operating lease liabilities	336,340,000	329,115,000	287,244,000	283,564,000	314,919,000	306,185,000	270,077,000	266,855,000	303,179,000	296,509,000	288,854,000	257,256,000	281,964,000	275,269,000	271,667,000	243,407,000	268,975,000	268,921,000	263,899,000	236,568,000	256,382,000	252,523,000	246,332,000	223,846,000	236,759,000	234,506,000	232,549,000
accrued expenses and other	1,226,757,000	1,222,212,000	1,205,464,000	1,151,536,000	1,095,921,000	1,023,860,000	1,034,313,000	1,060,746,000	989,472,000	1,214,996,000	1,202,508,000	1,000,841,000	906,415,000	933,735,000	982,560,000	1,008,701,000	925,271,000	961,898,000	965,898,000	1,039,788,000	884,377,000	866,297,000	771,360,000	827,668,000	687,991,000	632,343,000	618,654,000	621,932,000	595,618,000	613,158,000	637,274,000	606,894,000	566,881,000	576,224,000	583,972,000	563,350,000	516,831,000	545,458,000	550,940,000	551,625,000	527,432,000	535,237,000	516,749,000	531,561,000	499,973,000	500,904,000	496,799,000	481,894,000	470,719,000	459,227,000	462,263,000	467,831,000	469,942,000	462,858,000	455,762,000	478,085,000	443,161,000	430,588,000	444,538,000	449,327,000	430,541,000	414,502,000	429,027,000	432,368,000			357,778,000	381,271,000			317,034,000	327,664,000	319,928,000	326,227,000	326,129,000	307,633,000
income taxes payable	70,939,000	72,340,000	58,883,000	58,707,000	167,278,000	152,595,000	85,484,000	30,941,000	30,263,000	111,222,000	111,312,000	52,478,000	61,002,000	84,063,000	108,781,000	34,938,000	76,625,000	75,220,000	186,752,000	79,474,000	94,268,000	84,355,000	156,698,000	75,253,000	37,997,000	42,797,000	94,885,000	25,297,000	28,177,000	51,577,000	75,568,000	12,415,000	54,778,000	5,338,000	156,931,000	34,011,000	136,019,000	123,854,000	136,963,000	42,841,000	129,127,000	89,913,000	107,818,000	58,082,000	118,107,000	92,330,000	114,550,000	41,200,000	141,801,000	104,628,000	95,466,000	17,129,000	63,161,000	69,063,000	80,532,000	17,053,000	80,718,000	62,150,000	85,222,000	25,185,000	115,591,000	85,356,000	105,544,000	25,385,000	88,151,000	72,774,000	84,755,000	35,145,000	58,550,000		68,142,000	11,582,000	92,155,000	72,787,000	78,368,000	25,442,000
total current liabilities	10,035,313,000	9,921,203,000	9,813,934,000	9,519,397,000	9,465,535,000	9,267,357,000	8,888,570,000	8,714,243,000	9,192,587,000	8,772,609,000	8,785,622,000	8,511,856,000	8,464,947,000	8,614,618,000	8,708,989,000	8,588,393,000	8,064,076,000	7,684,645,000	8,087,893,000	7,369,754,000	7,013,249,000	6,804,271,000	6,456,703,000	6,283,091,000	5,769,076,000	5,779,560,000	5,868,236,000	5,512,141,000	5,316,889,000	5,334,303,000	5,168,172,000	5,028,681,000	4,918,336,000	4,947,228,000	5,067,640,000	4,766,301,000	4,793,540,000	4,784,272,000	4,850,219,000	4,690,320,000	4,647,589,000	4,994,661,000	4,775,241,000	4,712,873,000	4,693,102,000	4,623,323,000	5,090,964,000	4,541,094,000	4,603,952,000	4,399,310,000	4,332,825,000	4,169,150,000	3,836,049,000	4,231,808,000	3,744,492,000	3,655,592,000	3,567,393,000	3,516,789,000	3,578,966,000	3,430,896,000	3,461,843,000	3,225,136,000	3,244,887,000	3,063,960,000	2,872,076,000	2,749,324,000	2,804,380,000	2,706,752,000	3,135,960,000	2,468,682,000	2,527,977,000	2,519,320,000	2,383,967,000	2,325,222,000	2,319,270,000	2,285,895,000
long-term debt	9,016,477,000	8,907,052,000	8,623,112,000	8,799,775,000	8,853,110,000	9,052,099,000	9,012,539,000	9,024,381,000	8,496,288,000	8,630,553,000	8,583,523,000	7,668,549,000	7,340,484,000	7,042,302,000	6,328,344,000	6,122,092,000	6,057,444,000	5,840,884,000		5,269,820,000	5,267,896,000		5,514,874,000	5,513,371,000	5,418,272,000	5,451,471,000	5,287,324,000	5,206,344,000	5,151,917,000	5,111,201,000	5,156,037,000	5,005,930,000	4,954,697,000	5,043,541,000	4,982,984,000	5,081,238,000	5,152,843,000	5,151,862,000	4,997,446,000	4,924,119,000	4,953,697,000	4,387,811,000	4,754,101,000	4,624,876,000	4,533,329,000	4,361,144,000	3,862,865,000	4,162,890,000	4,163,244,000	4,163,244,000	4,013,244,000	4,013,267,000	4,001,100,000	3,513,273,000	3,802,705,000	3,718,302,000	3,599,000,000	3,434,800,000	3,318,900,000	3,317,600,000	3,171,100,000	3,208,300,000	2,845,700,000	2,882,300,000				2,726,900,000				2,250,000,000				1,935,618,000
operating lease liabilities, less current portion	3,278,354,000	3,175,110,000	3,139,227,000	3,093,936,000	3,020,664,000	3,007,455,000	2,982,977,000	2,960,174,000	2,963,026,000	2,901,636,000	2,910,727,000	2,917,046,000	2,862,152,000	2,854,227,000	2,838,433,000	2,837,973,000	2,659,535,000	2,641,555,000	2,624,676,000	2,632,842,000	2,594,506,000	2,566,974,000	2,524,008,000	2,501,560,000	2,481,280,000	2,494,840,000	2,506,829,000
other long-term liabilities	887,153,000	839,818,000	785,774,000	836,019,000	844,650,000	771,862,000	758,594,000	780,287,000	751,722,000	710,266,000	691,897,000	702,043,000	693,652,000	682,063,000	729,008,000	731,614,000	707,871,000	669,690,000	746,554,000	704,194,000	659,190,000	687,764,000	729,893,000	649,641,000	540,320,000	523,734,000	498,555,000	579,299,000	593,367,000	603,327,000	569,550,000	547,520,000	552,316,000	520,565,000	489,315,000	469,508,000	497,556,000	502,962,000	496,863,000	488,386,000	480,805,000	476,602,000	466,307,000	465,990,000	449,254,000	434,177,000	426,082,000	435,731,000	412,836,000	410,600,000	398,574,000	396,991,000	478,234,000	467,216,000	442,211,000	439,770,000	399,290,000	400,399,000	381,813,000	375,338,000	371,476,000	370,579,000	367,070,000	364,099,000					256,035,000	262,950,000
commitments and contingencies
stockholders’ deficit:
preferred stock, authorized 1,000 shares; no shares issued
common stock	166,000	166,000	170,000	169,000	169,000	168,000	175,000	175,000	174,000	174,000	190,000	189,000	189,000	188,000	208,000	207,000	207,000	206,000	231,000	230,000	229,000	228,000	238,000	237,000	237,000	237,000	254,000	254,000	254,000	253,000	277,000	275,000	275,000	275,000	288,000	287,000	287,000	286,000	304,000	303,000	302,000	301,000	322,000	321,000	321,000	319,000	340,000	339,000	338,000	338,000	369,000	368,000	366,000	364,000	402,000	399,000	396,000	395,000	442,000	441,000	439,000	438,000	503,000	501,000	498,000			579,000				636,000				713,000
additional paid-in capital	1,967,484,000	1,919,290,000	1,907,813,000	1,843,779,000	1,745,937,000	1,671,200,000	1,684,064,000	1,621,553,000	1,565,860,000	1,485,789,000	1,548,510,000	1,484,992,000	1,425,515,000	1,324,258,000	1,412,650,000	1,354,252,000	1,315,717,000	1,266,015,000	1,499,557,000	1,465,669,000	1,381,982,000	1,314,424,000	1,323,037,000	1,283,495,000	1,259,457,000	1,241,733,000	1,282,629,000	1,264,448,000	1,229,524,000	1,163,831,000	1,209,851,000	1,155,426,000	1,123,425,000	1,112,748,000	1,103,412,000	1,086,671,000	1,063,193,000	1,033,940,000	1,070,143,000	1,054,647,000	998,382,000	953,071,000	994,488,000	938,355,000	914,803,000	871,595,000	881,094,000	843,504,000	819,902,000	797,696,000	845,304,000	814,457,000	775,362,000	717,605,000	760,872,000	689,890,000	629,322,000	588,234,000	628,109,000	591,384,000	557,014,000	535,945,000	593,970,000	557,955,000	515,865,000			549,326,000				537,005,000				545,404,000
retained deficit	-3,750,078,000	-4,391,569,000	-3,445,029,000	-3,975,852,000	-4,812,803,000	-5,421,243,000	-3,860,049,000	-4,424,982,000	-5,327,190,000	-5,978,916,000	-2,365,815,000	-2,959,278,000	-3,824,119,000	-4,471,842,000	-790,749,000	-1,330,067,000	-2,138,160,000	-2,730,731,000		-419,829,000	-1,205,600,000	-1,801,764,000	-1,008,537,000	-1,450,970,000	-2,191,427,000	-2,534,322,000	-955,009,000	-1,305,347,000	-1,870,576,000	-2,276,525,000	-864,191,000	-1,208,824,000	-1,623,595,000	-1,990,317,000	-1,361,385,000	-1,642,387,000	-2,076,287,000	-2,407,986,000	-1,324,062,000	-1,602,186,000	-2,028,953,000	-2,356,468,000	-1,160,626,000	-1,418,738,000	-1,819,875,000	-2,128,946,000	-1,290,812,000	-1,529,123,000	-1,902,793,000	-2,187,950,000	-1,160,848,000	-1,378,936,000	-1,750,135,000	-2,015,717,000	-829,745,000	-1,033,197,000	-1,356,930,000	-1,605,514,000	-452,873,000	-643,998,000	-945,467,000	-1,172,935,000	-73,269,000
accumulated other comprehensive loss	-137,049,000	-157,888,000	-263,106,000	-285,010,000	-357,051,000	-407,589,000	-407,155,000	-361,618,000	-202,899,000	-204,899,000	-210,359,000	-190,836,000	-227,475,000	-269,312,000	-297,265,000	-300,536,000	-302,191,000	-310,163,000	-324,327,000	-307,986,000	-304,382,000	-300,839,000	-306,907,000	-354,252,000	-344,516,000	-228,337,000	-250,081,000	-269,322,000	-236,612,000	-235,837,000	-276,066,000	-235,805,000	-295,139,000	-286,384,000	-296,451,000	-254,557,000	-310,482,000	-346,317,000	-346,203,000	-307,529,000	-269,977,000	-307,849,000	-240,395,000	-249,518,000	-197,182,000	-185,586,000	-146,151,000	-128,903,000	-105,677,000	-120,346,000	-112,087,000	-120,788,000	-115,482,000	-134,908,000	-152,462,000	-152,013,000	-116,657,000	-106,134,000	-130,644,000	-119,691,000	-82,473,000	-92,338,000	-93,309,000	-106,468,000	-84,012,000			-92,035,000				-4,135,000				-9,550,000
treasury stock	-865,075,000	-278,769,000	-1,428,455,000	-997,399,000	-550,657,000	-300,309,000	-2,089,956,000	-1,584,742,000	-874,182,000	-139,469,000	-4,186,197,000	-2,684,961,000	-1,675,687,000	-767,462,000	-4,162,767,000	-3,262,769,000	-2,262,803,000	-1,362,804,000	-3,435,617,000	-2,535,620,000	-1,635,621,000	-735,622,000	-1,034,811,000	-356,487,000	-356,487,000	-190,430,000	-1,853,883,000	-1,403,884,000	-712,103,000	-246,084,000	-1,728,487,000	-1,231,427,000	-566,569,000	-166,869,000	-970,963,000	-618,391,000	-390,925,000	-107,363,000	-1,295,407,000	-932,773,000	-563,036,000	-30,368,000	-1,371,910,000	-971,810,000	-541,312,000	-26,061,000	-1,107,281,000	-807,674,000	-620,000,000	-200,000,000	-1,293,958,000	-1,002,420,000	-442,453,000	-117,453,000	-1,370,436,000	-1,053,104,000	-572,960,000	-172,505,000	-1,392,133,000	-1,082,368,000	-649,054,000	-309,522,000	-1,245,063,000	-945,409,000	-380,023,000			-1,027,879,000				-509,918,000				-679,416,000
total stockholders’ deficit	-2,784,552,000	-2,908,770,000	-3,228,607,000	-3,414,313,000	-3,974,405,000	-4,457,773,000	-4,672,921,000	-4,749,614,000	-4,838,237,000	-4,837,321,000	-5,213,671,000	-4,349,894,000	-4,301,577,000	-4,184,170,000	-3,837,923,000	-3,538,913,000	-3,387,230,000	-3,137,477,000	-2,124,750,000	-1,797,536,000	-1,763,392,000	-1,523,573,000	-1,026,980,000	-877,977,000	-1,632,736,000	-1,711,119,000	-1,776,090,000	-1,713,851,000	-1,589,513,000	-1,594,362,000	-1,658,616,000	-1,520,355,000	-1,361,603,000	-1,330,547,000	-1,525,099,000	-1,428,377,000	-1,714,214,000	-1,827,440,000	-1,895,225,000	-1,787,538,000	-1,863,282,000	-1,741,313,000	-1,778,121,000	-1,701,390,000	-1,643,245,000	-1,468,679,000	-1,662,810,000	-1,621,857,000	-1,808,230,000	-1,710,262,000	-1,721,220,000	-1,687,319,000	-1,532,342,000	-1,550,109,000	-1,591,369,000	-1,548,025,000	-1,416,829,000	-1,295,524,000	-1,347,099,000	-1,254,232,000	-1,119,541,000	-1,038,412,000	-817,168,000	-738,765,000	-461,950,000
total liabilities and stockholders’ deficit	20,916,463,000
total liabilities and stockholders' deficit		20,438,595,000	19,665,585,000	19,355,324,000	18,621,983,000	18,116,279,000	17,465,762,000	17,176,538,000	17,108,432,000	16,717,654,000	16,292,570,000	15,985,878,000	15,597,922,000	15,545,142,000	15,315,933,000	15,275,043,000	14,520,565,000	14,078,473,000	14,460,949,000	14,516,199,000
land				1,474,433,000				1,390,713,000				1,367,391,000				1,299,981,000				1,261,509,000				1,205,228,000				1,147,709,000				1,107,092,000				1,056,187,000				998,460,000				966,916,000				925,359,000				862,565,000				800,175,000				740,276,000				690,098,000				656,516,000				643,699,000				625,992,000
buildings and improvements				5,793,043,000				5,124,448,000				4,860,216,000				4,486,676,000				4,277,593,000				4,020,271,000				3,895,559,000				3,698,010,000				3,423,056,000				3,169,575,000				2,989,399,000				2,802,265,000				2,607,751,000				2,400,895,000				2,177,476,000				2,013,301,000				1,900,610,000				1,814,668,000				1,720,172,000
equipment				3,558,814,000				3,308,967,000				2,972,879,000				2,650,831,000				2,407,046,000				2,158,251,000				1,991,042,000				1,841,330,000				1,704,653,000				1,550,792,000				1,422,949,000				1,254,445,000				1,122,821,000				1,016,835,000				994,369,000				923,595,000				887,521,000				850,679,000				780,199,000
leasehold improvements				1,082,339,000				922,466,000				831,508,000				724,095,000				644,345,000				586,839,000				552,018,000				504,656,000				470,998,000				434,615,000				395,714,000				368,326,000				341,182,000				314,559,000				275,299,000				247,748,000				219,606,000				202,098,000				183,601,000
construction in progress				643,699,000				558,531,000				305,896,000				291,588,000				216,685,000				165,953,000				126,868,000				140,535,000				218,299,000				176,673,000				116,729,000				150,279,000				124,206,000				127,297,000				184,452,000				192,519,000				145,161,000				128,133,000				85,581,000
total long-term assets				3,951,436,000	3,909,054,000	3,864,552,000	3,764,109,000	3,686,240,000	3,769,921,000	3,653,114,000	3,622,612,000	3,609,904,000
current portion of debt									500,000,000										500,000,000			250,000,000
debt, less current portion																			4,771,266,000			5,266,396,000
retained earnings																			135,406,000																																																	136,935,000				206,099,000				546,049,000
short-term borrowings																																										457,404,000				87,156,000	559,235,000	180,910,000	215,156,000	158,440,000	160,256,000	173,733,000		484,533,000		49,881,000	7,309,000	29,560,000	35,417,000	34,082,000	49,686,000	40,930,000	33,517,000	26,186,000
retained (deficit) earnings																																																																-245,344,000	-514,278,000
other assets:
goodwill, net of accumulated amortization																																																																	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000	302,645,000
other assets: - sum																																																																	448,779,000	393,136,000	399,036,000
accrued expenses and other current liabilities																																																																	385,250,000	367,059,000			356,431,000	339,167,000
debt																																																																	2,698,500,000	2,774,700,000	2,739,500,000			2,690,755,000	2,268,200,000		1,932,000,000	2,095,000,000	2,161,070,000
other liabilities																																																																	344,144,000	322,639,000	325,908,000	317,827,000			257,040,000	258,105,000	255,108,000	235,942,000	222,824,000	179,996,000
liabilities and stockholders’ equity
stockholders’ equity																																																																		-421,671,000	-483,965,000		-45,119,000	-187,302,000	59,997,000		455,829,000	282,233,000	171,053,000
total stockholders’ equity																																																																				-433,074,000				229,687,000				403,200,000
current assets
other assets
other assets - sum																																																																					386,398,000	386,814,000	383,871,000		384,225,000	377,651,000	365,945,000
current liabilities
current portion of long-term debt and short-term borrowings																																																																					456,600,000
debt, less current maturities																																																																					1,949,300,000
stockholders’ equity:

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-05-09	2026-02-14	2025-11-22	2025-08-30	2025-05-10	2025-02-15	2024-11-23	2024-08-31	2024-05-04	2024-02-10	2023-11-18	2023-08-26	2023-05-06	2023-02-11	2022-11-19	2022-08-27	2022-05-07	2022-02-12	2021-11-20	2021-08-28	2021-05-08	2021-02-13	2020-11-21	2020-08-29	2020-05-09	2020-02-15	2019-11-23	2019-08-31	2019-05-04	2019-02-09	2018-11-17	2018-08-25	2018-05-05	2018-02-10	2017-11-18	2017-08-26	2017-05-06	2017-02-11	2016-11-19	2016-08-27	2016-05-07	2016-02-13	2015-11-21	2015-08-29	2015-05-09	2015-02-14	2014-11-22	2014-08-30	2014-05-10	2014-02-15	2013-11-23	2013-08-31	2013-05-04	2013-02-09	2012-11-17	2012-08-25	2012-05-05	2012-02-11	2011-11-19	2011-08-27	2011-05-07	2011-02-12	2010-11-20	2010-08-28	2010-05-08	2010-02-13	2009-11-21	2009-08-29	2009-05-09	2009-02-14	2008-11-22	2008-08-30	2008-05-03	2008-02-09	2007-11-17

cash flows from operating activities:
net income	641,491,000	468,860,000	530,823,000	836,950,000	608,441,000	487,923,000	564,933,000	902,208,000	651,726,000	515,030,000	593,463,000	864,841,000	647,723,000	476,544,000	539,318,000	810,043,000	592,571,000	471,755,000	555,235,000	785,771,000	596,164,000	345,946,000	442,433,000	740,457,000	342,895,000	299,282,000	350,338,000	565,229,000	405,948,000	294,638,000	351,406,000	400,282,000	366,721,000	289,530,000	281,003,000	433,900,000	331,699,000	237,145,000	278,125,000	426,768,000	327,514,000	228,613,000	258,112,000	401,137,000	309,071,000	211,723,000	238,310,000	373,670,000	285,157,000	192,830,000	218,087,000	371,199,000	265,583,000	176,246,000	203,452,000	323,732,000	248,586,000	166,930,000	191,125,000	301,469,000	227,374,000	148,055,000	172,076,000	268,933,000	202,745,000	123,333,000	143,300,000	236,126,000	173,688,000	115,864,000	131,371,000	243,746,000	158,639,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization of property and equipment	160,292,000	155,640,000	148,194,000	197,412,000	144,696,000	137,918,000	133,173,000	175,339,000	129,224,000	124,968,000	120,224,000	158,490,000	116,123,000	113,711,000	109,253,000																																				55,772,000				50,700,000	66,654,000	49,007,000	47,523,000	48,647,000	62,862,000	44,930,000	44,126,000	44,291,000	62,166,000	42,819,000	44,533,000	42,566,000	57,160,000	41,309,000	41,811,000	40,153,000	52,800,000	38,152,000
other non-cash charges	20,000,000	59,000,000	98,000,000									-30,000,000	-17,000,000
amortization of debt origination fees	2,795,000	2,768,000	3,210,000	3,757,000	3,022,000	3,043,000	3,018,000	3,833,000	2,604,000	2,741,000	2,810,000	3,199,000	2,143,000	2,017,000	1,905,000	3,450,000	2,453,000	2,734,000	2,639,000	3,532,000	2,957,000	3,219,000	3,150,000	4,158,000	2,356,000	2,021,000	2,195,000	2,656,000	1,838,000	1,804,000	1,864,000	2,535,000	1,931,000	1,928,000	1,999,000	2,567,000	1,854,000	1,998,000	1,950,000	2,573,000	1,869,000	1,812,000	1,726,000	1,956,000	1,356,000	1,397,000	1,521,000	1,961,000	1,637,000	1,547,000	1,711,000	2,382,000	1,952,000	1,964,000	1,941,000	2,640,000	1,853,000	1,835,000	1,738,000	2,902,000	2,162,000	2,173,000	1,725,000	1,990,000	1,506,000	1,510,000	1,489,000	1,783,000	621,000	620,000	620,000	614,000	403,000
deferred income taxes	-20,658,000	-95,352,000	-41,724,000	174,709,000	-15,586,000	-38,903,000	-4,831,000	-263,409,000	3,018,000	5,116,000	882,000	-22,283,000	1,273,000	-18,513,000	13,816,000	104,816,000	39,795,000	22,887,000	18,096,000	-40,479,000	7,819,000	-12,067,000	10,295,000	26,796,000	13,127,000	9,214,000	1,940,000	17,940,000	9,900,000	-209,000	7,420,000	11,711,000	14,641,000	-159,169,000	8,556,000	67,093,000	5,032,000	-4,104,000	6,881,000	47,019,000	-12,093,000	8,629,000	1,464,000	41,402,000	3,600,000	-8,077,000	-954,000	6,536,000	-395,000	-22,817,000	1,978,000	36,000,000	-3,385,000	-10,456,000	-2,455,000	22,144,000	-2,543,000	-285,000	6,241,000	54,438,000	-7,816,000	-7,409,000	5,454,000	-4,507,000	-2,371,000	-6,844,000	4,699,000	26,214,000	8,380,000	10,222,000	1,502,000	47,968,000	13,669,000
share-based compensation expense	30,172,000	36,742,000	30,727,000	39,133,000	29,021,000	30,446,000	26,117,000	34,932,000	25,353,000	23,048,000	22,913,000	30,698,000	20,010,000	23,374,000	19,005,000	21,554,000	18,320,000	16,443,000	14,295,000	18,051,000	13,883,000	13,670,000	10,508,000	12,584,000	10,144,000	12,111,000	9,996,000	11,726,000	9,971,000	11,031,000	10,527,000	14,115,000	5,795,000	12,678,000	11,086,000	8,901,000	8,632,000	10,924,000	9,787,000	11,373,000	9,905,000	9,891,000	8,656,000	11,307,000	9,488,000	11,396,000	8,804,000	10,405,000	8,269,000	11,464,000	9,252,000	11,675,000	9,016,000	8,485,000	8,131,000	9,491,000	8,827,000	7,483,000	7,562,000	8,143,000	6,363,000	7,048,000	5,071,000	5,905,000	4,348,000	4,616,000	4,251,000	5,643,000	4,185,000	4,851,000	4,456,000	5,758,000	4,205,000
changes in operating assets and liabilities:
accounts receivable	-66,266,000	-57,041,000	36,700,000	-76,786,000	12,755,000	-64,448,000	9,873,000	28,268,000	-84,914,000	11,508,000	6,856,000	-44,991,000	16,044,000	18,173,000	4,100,000	-64,371,000	-33,976,000	-25,809,000	-1,576,000	-19,374,000	-7,656,000	-1,500,000	17,491,000	-95,407,000	65,740,000	-5,651,000	-23,246,000	-26,896,000	16,722,000	-22,000,000	-16,338,000	3,280,000	7,393,000	-9,810,000	6,671,000	-3,040,000	-27,862,000	23,762,000	14,935,000	6,062,000	2,578,000	-50,175,000	88,000	-41,861,000	-15,982,000	-2,131,000	23,508,000	-10,206,000	676,000	-17,192,000	-1,241,000	-17,347,000	4,782,000	16,731,000	-12,362,000	-27,832,000	10,352,000	-8,652,000	4,856,000	-4,733,000	4,031,000	-23,525,000	9,622,000	-4,525,000	26,156,000	-4,705,000	-16,144,000	13,514,000	-14,736,000	-58,655,000	3,054,000	3,944,000	-9,695,000
merchandise inventories	-104,135,000	-347,038,000	-205,335,000	-251,591,000	-188,208,000	-317,928,000	-136,181,000	-99,288,000	-155,388,000	-176,526,000	-21,899,000	3,983,000	68,383,000	-122,238,000	-39,308,000	-319,599,000	-277,628,000	-256,471,000	-136,988,000	23,754,000	67,271,000	-104,796,000	-124,746,000	-8,890,000	86,950,000	-129,028,000	-133,206,000	-9,264,000	-20,491,000	-196,938,000	-167,454,000	66,330,000	14,098,000	-117,814,000	-151,396,000	-3,179,000	57,293,000	-130,003,000	-160,918,000	-41,786,000	7,644,000	-102,956,000	-90,420,000	27,554,000	-16,476,000	-193,356,000	-84,498,000	-9,033,000	-39,137,000	-145,035,000	-83,629,000	-77,787,000	-31,882,000	-48,369,000	-74,808,000	1,664,000	-56,128,000	-38,328,000	-75,122,000	18,717,000	-69,368,000	-55,467,000	-49,303,000	-16,900,000	-26,617,000	1,858,000	-54,418,000	31,710,000	-50,026,000	-4,193,000	-53,828,000	-38,798,000	-37,990,000
accounts payable and accrued expenses	111,712,000	-7,734,000	243,490,000	53,795,000	153,826,000	279,755,000	170,032,000	117,646,000	143,550,000	-50,824,000	33,762,000	56,221,000	-128,589,000	-117,885,000	6,574,000	569,465,000	376,394,000	189,565,000	89,268,000	394,854,000	418,518,000	160,267,000	56,273,000	510,224,000	14,336,000	-41,699,000	48,270,000	204,547,000	2,660,000	189,207,000	67,762,000	146,254,000	-38,547,000	26,893,000	185,009,000	67,602,000	-9,870,000	-52,478,000	77,360,000	131,069,000	67,971,000	51,819,000	20,339,000	60,703,000	126,895,000	35,235,000	68,687,000	44,935,000	105,062,000	43,841,000	91,253,000	200,730,000	86,764,000	-3,153,000	72,594,000	94,557,000	53,754,000	-38,222,000	87,317,000	65,668,000	211,201,000	-12,972,000	78,929,000	223,500,000	115,657,000	-31,599,000	41,564,000	52,458,000	133,907,000	-1,916,000	-47,291,000	182,952,000	17,845,000
income taxes	21,035,000	70,596,000	114,578,000	-67,506,000	-34,637,000	67,571,000	103,019,000	226,652,000	-26,536,000	-511,000	96,793,000	28,791,000	-23,359,000	13,446,000	73,954,000
other	5,549,000	86,988,000	-14,492,000	-37,118,000	71,700,000	-1,628,000	-57,350,000	-55,931,000	4,843,000	-6,423,000	-23,545,000	19,063,000	21,964,000	-44,155,000	-16,030,000	-13,795,000	22,247,000	-64,343,000	29,960,000	-14,030,000	-14,282,000	-74,481,000	98,978,000	23,889,000	23,011,000	25,888,000	31,675,000	-15,029,000	-20,754,000	38,649,000	47,769,000	-22,293,000	26,760,000	836,000	20,811,000	-627,000	-7,647,000	10,224,000	11,045,000	-8,251,000	3,788,000	7,863,000	6,798,000	-12,853,000	16,844,000	7,550,000	-14,644,000	-25,288,000	6,653,000	18,466,000	-14,234,000	-27,157,000	4,991,000	9,996,000	8,056,000	-6,214,000	5,228,000	3,652,000	10,196,000	-24,399,000	6,777,000	2,028,000	9,521,000	-19,799,000	15,586,000	-2,683,000	12,111,000	-12,742,000	3,030,000	-5,101,000	4,187,000	1,365,000	-108,000
net cash from operating activities	801,987,000	373,429,000	944,171,000	952,755,000	769,030,000	583,749,000	811,803,000	1,070,250,000	669,480,000	434,127,000	830,259,000	1,068,012,000	724,715,000	354,474,000	793,587,000	1,228,021,000	843,368,000	361,816,000	777,930,000	1,288,196,000	1,190,500,000	356,356,000	683,491,000	1,417,000,000	651,464,000	204,542,000	447,102,000	841,878,000	469,566,000	367,887,000	449,182,000	823,936,000	504,013,000	187,326,000	565,017,000	561,382,000	445,332,000	157,398,000	406,500,000	530,429,000	516,347,000	207,051,000	323,502,000	526,011,000	522,574,000	101,310,000	375,228,000	370,116,000	463,146,000	150,629,000	357,343,000	519,147,000	385,021,000	192,590,000	318,253,000	425,374,000	337,393,000	118,920,000	342,294,000	394,645,000	455,784,000	83,756,000	357,353,000	455,245,000	392,099,000	118,027,000	230,881,000	388,788,000	386,726,000	7,510,000	140,784,000	419,633,000	204,488,000
cash flows from investing activities:
capital expenditures	-345,509,000	-337,804,000	-314,173,000	-441,634,000	-345,886,000	-292,702,000	-247,035,000	-346,786,000	-235,103,000	-255,379,000	-235,428,000	-366,216,000	-171,207,000	-144,837,000	-114,397,000	-303,041,000	-161,207,000	-105,874,000	-102,269,000	-246,114,000	-137,009,000	-125,608,000	-113,036,000	-183,848,000	-83,325,000	-89,156,000	-101,407,000	-182,203,000	-118,015,000	-97,664,000	-98,168,000	-194,640,000	-112,401,000	-104,469,000	-110,278,000	-195,898,000	-141,831,000	-118,186,000	-97,917,000	-188,869,000	-113,331,000	-99,933,000	-86,658,000	-187,834,000	-106,571,000	-93,759,000	-92,415,000	-176,392,000	-101,763,000	-77,354,000	-82,607,000	-155,596,000	-89,242,000	-89,183,000	-80,430,000	-149,777,000	-95,847,000	-70,506,000	-61,924,000	-121,020,000	-92,227,000	-62,546,000	-45,811,000	-135,334,000	-68,938,000	-57,689,000	-53,439,000	-112,160,000	-61,941,000	-47,047,000	-51,099,000	-90,078,000	-58,371,000
free cash flows	456,478,000	35,625,000	629,998,000	511,121,000	423,144,000	291,047,000	564,768,000	723,464,000	434,377,000	178,748,000	594,831,000	701,796,000	553,508,000	209,637,000	679,190,000	924,980,000	682,161,000	255,942,000	675,661,000	1,042,082,000	1,053,491,000	230,748,000	570,455,000	1,233,152,000	568,139,000	115,386,000	345,695,000	659,675,000	351,551,000	270,223,000	351,014,000	629,296,000	391,612,000	82,857,000	454,739,000	365,484,000	303,501,000	39,212,000	308,583,000	341,560,000	403,016,000	107,118,000	236,844,000	338,177,000	416,003,000	7,551,000	282,813,000	193,724,000	361,383,000	73,275,000	274,736,000	363,551,000	295,779,000	103,407,000	237,823,000	275,597,000	241,546,000	48,414,000	280,370,000	273,625,000	363,557,000	21,210,000	311,542,000	319,911,000	323,161,000	60,338,000	177,442,000	276,628,000	324,785,000	-39,537,000	89,685,000	329,555,000	146,117,000
purchase of marketable debt securities	-12,489,000	-10,333,000	-12,624,000	-10,254,000	-22,992,000	-18,947,000	-12,311,000	-21,206,000	-3,513,000	-9,923,000	-4,115,000	-18,472,000	-34,445,000	-2,011,000	-11,989,000	-9,500,000	-23,908,000	-15,606,000	-7,026,000	-11,123,000	-4,169,000	-2,399,000	-45,985,000	-8,424,000	-26,178,000	-20,899,000	-35,448,000	-16,683,000	-17,801,000	-13,574,000	-7,480,000
proceeds from sale of marketable debt securities	8,827,000	2,557,000	6,288,000	8,499,000	24,727,000	17,486,000	12,614,000	19,604,000	8,619,000	10,682,000	1,944,000	20,813,000	34,094,000	-1,443,000	4,893,000	15,964,000	24,010,000	10,199,000	3,709,000	23,125,000	11,693,000	9,365,000	51,210,000	-22,453,000	35,878,000	25,047,000	45,765,000	-7,912,000	26,521,000	21,415,000	13,116,000
net investment in tax credit equity investments	468,000
net cash from investing activities	-345,593,000	-340,789,000	-326,706,000	-483,169,000	-353,842,000	-297,670,000	-265,749,000	-370,248,000	-372,264,000	-273,480,000	-270,514,000	-397,202,000	-208,968,000	-156,121,000	-113,887,000	-287,380,000	-149,406,000	-120,352,000	-90,961,000	-243,115,000	-130,259,000	-118,225,000	-110,179,000	-249,952,000	-73,010,000	-84,202,000	-90,711,000	-206,554,000	-109,089,000	-84,304,000	-91,899,000	-219,200,000	-72,053,000	-95,954,000	-134,653,000	-194,366,000	-156,519,000	-103,063,000	-99,651,000	-189,531,000	-115,658,000	-99,553,000	-101,093,000	-183,187,000	-113,272,000	-90,645,000	-180,807,000	-173,000,000	-101,173,000	-90,225,000	-83,570,000	-153,188,000	-84,326,000	-204,190,000	-85,591,000	-148,528,000	-97,039,000	-67,305,000	-61,889,000	-118,076,000	-91,592,000	-61,455,000	-47,871,000	-130,671,000	-67,427,000	-56,651,000	-52,698,000	-107,760,000	-62,385,000	-46,965,000	-46,612,000	-81,541,000	-55,584,000
cash flows from financing activities:
net proceeds from commercial paper	507,000,000											82,200,000	296,400,000	22,700,000	204,900,000		215,210,000									163,000,000	79,700,000										-594,900,000	553,400,000	72,200,000		-537,600,000	90,200,000	428,300,000		-563,800,000	526,200,000	78,300,000			248,184,000	-13,500,000			195,100,000	39,300,000											35,200,000	12,600,000		-284,855,000	422,555,000	18,900,000		-163,000,000
proceeds from issuance of debt				0				1,300,000,000	0	0	1,000,000,000	750,000,000	0											600,000,000				0								0				0				1,171,000				0	0			0	500,000,000	0	300,000,000	0				0	0	0	500,000,000
repayment of debt				0				0				-500,000,000	0			0	0			0								0								0	0			-200,000,000	0	0	-300,000,000	0	0			0	0			-200,000,000	0	0	-300,000,000					0	0	0	-199,300,000					-300,000,000	0	0	-700,000	-190,909,000	0
net proceeds from sale of common stock	16,278,000	19,605,000	31,858,000	61,289,000	46,706,000	28,300,000	36,002,000	21,869,000	56,029,000	56,890,000	41,448,000	27,631,000	82,105,000	31,930,000	40,828,000	15,844,000	31,633,000	45,357,000	21,100,000	65,833,000	55,414,000	37,844,000	28,666,000	12,086,000	7,601,000	39,883,000	8,822,000	23,892,000	57,349,000	62,907,000	44,671,000	20,021,000	4,450,000	58,211,000	7,033,000	11,403,000	19,981,000	17,560,000	5,742,000	29,095,000	19,769,000	6,385,000	25,040,000	9,702,000	18,905,000	18,507,000	19,603,000	7,622,000	6,811,000	11,391,000	16,210,000	14,337,000	29,394,000	14,197,000	39,226,000	24,822,000	17,471,000	14,489,000	18,561,000	13,699,000	8,898,000	11,297,000	21,952,000	24,104,000	10,092,000	14,905,000	3,821,000	3,060,000	13,129,000	15,604,000	8,062,000	12,243,000	3,155,000
purchase of treasury stock	-580,663,000	-314,516,000	-427,178,000	-442,926,000	-268,780,000	-326,394,000	-540,086,000	-703,741,000	-728,142,000	-222,158,000	-1,486,876,000	-999,556,000	-899,999,000	-899,999,000	-899,998,000	-999,997,000	-899,999,000	-1,559,998,000	-899,997,000	-899,999,000	-899,999,000	-899,999,000	-678,324,000	0	-166,057,000	-314,847,000	-449,999,000	-691,780,000	-466,019,000	-350,037,000	-497,060,000	-664,858,000	-399,701,000	-174,882,000	-352,572,000	-227,466,000	-283,564,000	-197,985,000	-362,634,000	-369,737,000	-532,668,000	-149,957,000	-400,100,000	-430,498,000	-515,251,000	-26,061,000	-299,606,000	-187,675,000	-419,999,000	-200,000,000	-291,538,000	-559,967,000	-325,000,000	-185,016,000	-317,332,000	-480,144,000	-400,455,000	-172,505,000	-309,765,000	-433,314,000	-339,438,000	-394,395,000	-299,655,000	-565,386,000	-266,381,000	-87,509,000	-204,379,000	-587,396,000	-65,440,000	-375,043,000	-272,123,000	-499,206,000	0
repayment of principal portion of finance lease liabilities	-28,063,000	-26,781,000	-27,317,000	-22,058,000	-26,684,000	-24,306,000	-23,106,000	-22,803,000	-20,996,000	-21,257,000	-20,202,000	-20,128,000	-20,355,000	-19,974,000	-20,598,000	-18,315,000	-17,767,000	-17,413,000	-13,687,000	-15,009,000	-15,768,000	-15,290,000	-13,786,000	-8,382,000	-14,452,000	-14,993,000	-14,331,000
net cash from financing activities	-487,654,000	-40,192,000	-602,711,000	-469,044,000	-451,329,000	-288,350,000	-538,096,000	-664,771,000	-326,120,000	-140,619,000	-552,226,000	-671,775,000	-543,586,000	-169,070,000	-675,651,000	-939,674,000	-670,923,000	-963,954,000	-895,946,000	-849,175,000	-1,110,353,000	-877,445,000	-663,444,000	68,516,000	-209,387,000	-126,957,000	-375,808,000	-630,611,000	-381,929,000	-345,940,000	-315,608,000	-606,980,000	-500,867,000	-60,603,000	-463,704,000	-302,484,000	-275,277,000	-38,642,000	-297,926,000	-363,847,000	-400,696,000	-54,899,000	-233,355,000	-312,792,000	-409,216,000	26,470,000	-201,164,000	-217,586,000	-357,243,000	-45,941,000	-290,787,000	-354,210,000	-283,745,000	26,792,000	-235,859,000	-276,820,000	-240,353,000	-45,561,000	-280,699,000	-279,084,000	-371,873,000	-12,662,000	-310,152,000	-321,945,000	-334,163,000	-35,520,000	-191,865,000	-281,878,000	-338,734,000	62,036,000	-248,320,000	-177,824,000	-160,715,000
effect of exchange rate changes on cash	-503,000	5,405,000	1,082,000	2,636,000	3,861,000	-842,000	-2,112,000	-12,417,000	166,000	1,087,000	-1,592,000	3,103,000	1,469,000	2,213,000	1,361,000	369,000	582,000	788,000	-1,233,000	-217,000	-406,000	1,473,000	3,322,000	6,133,000	-12,919,000	1,498,000	1,206,000	-2,471,000	-155,000	5,936,000	-7,413,000	1,682,000	-1,229,000	76,000	-2,253,000	1,597,000	2,956,000	-582,000	-3,119,000	-697,000	5,429,000	-10,127,000	1,123,000	-8,011,000	1,663,000	-2,788,000	-550,000	-394,000	864,000	-560,000	675,000	-3,243,000	1,187,000	492,000	-32,000	-33,000	-108,000	477,000	-636,000	-246,000	167,000	229,000	403,000	-111,000	92,000	-298,000	579,000	-731,000	707,000	-364,000	-2,557,000
net decrease in cash and cash equivalents																	23,621,000	-721,702,000	-210,210,000			-637,841,000	-86,810,000																				-9,823,000				-7,293,000				-16,339,000				-3,229,000				-930,000				-267,000				-13,103,000				-156,705,000
cash and cash equivalents at beginning of period	0	0	271,803,000	0	0	0	298,172,000	0	0	0	277,054,000	0	0	0	264,380,000	0	0	0	1,171,335,000	0	0	0	1,750,815,000	0	0	0	176,300,000		0	0	217,824,000		0	0	293,270,000		0	0	189,734,000		0	0	175,309,000		0	0	124,485,000		0	0	142,191,000		0	0	103,093,000		0	0	97,606,000		0	0	98,280,000		0	0	92,706,000		0	0	242,461,000		0
cash and cash equivalents at end of period	-31,763,000	-2,147,000	287,639,000	3,178,000	-32,280,000	-3,113,000	304,018,000	22,814,000	-28,738,000	21,115,000	282,981,000	2,138,000	-26,370,000	31,496,000	269,790,000	1,336,000	23,621,000	-721,702,000	961,125,000	195,689,000	-50,518,000	-637,841,000	1,664,005,000	1,241,697,000	356,148,000	-5,119,000	158,089,000		-21,607,000	-56,421,000	252,086,000		-70,136,000	30,845,000	257,677,000		16,492,000	15,111,000	195,538,000		5,422,000	42,472,000	165,486,000		1,749,000	34,347,000	117,192,000		5,594,000	13,903,000	125,852,000		18,137,000	15,684,000	99,864,000		-107,000	6,531,000	96,676,000		-7,514,000	9,868,000	98,013,000		-9,399,000	25,558,000	79,603,000		-13,686,000	22,217,000	85,756,000		-11,811,000
net increase in cash and cash equivalents		-2,147,000	15,836,000			-3,113,000	5,846,000	22,814,000	-28,738,000	21,115,000	5,927,000	2,138,000	-26,370,000	31,496,000	5,410,000					195,689,000				1,241,697,000							34,262,000	-562,000	-70,136,000	30,845,000	-35,593,000	66,129,000	16,492,000	15,111,000	5,804,000	-23,646,000	5,422,000			22,021,000	1,749,000			-20,864,000	5,594,000			8,506,000	18,137,000			-7,000	-107,000			-2,761,000	-7,514,000			2,518,000	-9,399,000
investment in tax credit equity investments			-5,106,000	-61,391,000	-13,043,000	-6,363,000	-31,018,000	-34,167,000	-150,805,000	-1,372,000	-41,150,000	-47,318,000	-38,615,000	-9,596,000	-2,474,000	-10,139,000	-742,000			-37,804,000
net payments of commercial paper			-179,100,000				-15,000,000
net proceeds from (payments of) commercial paper																															149,378,000
supplemental cash flow information:
interest paid, net of interest cost capitalized
income taxes paid
leased assets obtained in exchange for new finance lease liabilities
leased assets obtained in exchange for new operating lease liabilities
other non-cash income
proceeds from disposal of capital assets and other							12,001,000				8,235,000	13,991,000	1,205,000	1,766,000	10,080,000	19,336,000	12,441,000	11,585,000	14,625,000	28,801,000	3,134,000	417,000	-2,368,000	9,963,000	615,000	806,000	379,000	244,000	206,000	5,519,000	633,000
other non-cash (income) charges								0	-24,000,000	-14,000,000	-2,000,000
net (payments of)/proceeds from commercial paper
net (payments of) proceeds from commercial paper										44,672,000	-76,900,000
other non-cash															81,000,000
depreciation and amortization of property and equipment and intangibles																140,858,000	102,083,000	99,692,000	99,590,000	129,639,000	94,017,000	94,476,000	89,551,000	125,351,000	91,695,000	90,670,000	89,750,000	118,839,000	84,888,000	83,778,000	82,452,000	107,993,000	79,754,000	79,351,000	77,986,000	103,063,000	75,343,000	72,833,000	71,812,000	93,932,000	68,529,000	68,653,000	66,283,000	86,708,000	62,299,000	59,867,000	61,045,000		58,132,000
income taxes payable																-24,400,000	1,109,000	-94,637,000	107,411,000	6,478,000	11,809,000	-68,378,000	79,558,000	77,838,000	1,210,000	-58,266,000	69,390,000	-21,074,000	-21,116,000	-32,073,000	63,774,000	-24,938,000	25,467,000	-130,259,000	123,292,000	-97,137,000	10,858,000	-12,903,000	95,523,000	-70,207,000	55,107,000	-8,735,000	73,957,000	-46,803,000	41,516,000	-3,406,000	83,180,000	-96,370,000	44,242,000	14,045,000	84,638,000	-38,623,000	14,114,000	-1,402,000	86,914,000	-35,684,000	33,927,000	-12,380,000	70,891,000	-77,504,000	36,310,000	-13,448,000	88,961,000	-49,434,000	15,376,000	-5,516,000	52,048,000	-22,185,000	89,829,000	-93,460,000	58,080,000	-74,150,000	20,530,000
net proceeds from/(payments of) commercial paper
net proceeds of commercial paper																																		59,400,000	-99,000,000													-34,600,000											1,300,000
pension plan contributions
pension termination charges
asset impairment																																0
proceeds from sale of assets
net (decrease) in cash and cash equivalents
net (decrease) increase in cash and cash equivalents																											-18,211,000
payments of capital lease obligations																												-14,879,000	-12,899,000	-12,932,000	-12,597,000	-12,138,000	-15,619,000	-3,247,000	-18,000,000	-13,318,000	-11,659,000	-11,615,000	-11,012,000	-7,604,000	-8,947,000	-9,673,000	-10,096,000	-8,322,000	-8,495,000	-8,977,000	-9,192,000	-8,408,000	-7,921,000	-8,124,000	-8,203,000	-7,721,000	-5,096,000	-7,254,000	-7,474,000	-9,398,000	-4,867,000	-6,037,000	-6,448,000	-6,098,000	-5,780,000	-5,772,000	-5,131,000	-2,733,000	-4,780,000	-4,592,000	-4,492,000	-4,419,000	-4,495,000	-4,147,000	-3,979,000	-3,992,000	-4,019,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
assets acquired through capital lease
asset impairments
decrease in cash and cash equivalents
purchase of intangibles																																								0	0	0	-10,000,000	0	0	0	-10,000,000	0	0
purchase of marketable securities																																-14,344,000	-9,364,000	-19,323,000	-61,505,000	-17,695,000	-40,218,000	-16,955,000	-10,843,000	-34,802,000	-28,167,000	-37,898,000	-29,303,000	-23,302,000	-4,759,000	-15,205,000	-6,474,000	-21,120,000	-7,525,000	-14,779,000	-6,312,000	-17,661,000	-4,520,000	-10,486,000	-11,802,000	-11,533,000	-15,162,000	-7,879,000	-11,091,000	-9,052,000	-12,139,000	-12,658,000	-9,923,000	-24,739,000	-20,950,000	-8,264,000	-2,203,000	-20,714,000	-13,210,000	-9,239,000	-5,281,000	-26,101,000	-2,670,000
proceeds from sale of marketable securities																																-9,870,000	16,412,000	26,326,000	36,776,000	17,344,000	25,176,000	31,721,000	8,752,000	34,482,000	24,008,000	37,342,000	24,640,000	23,061,000	3,755,000	15,735,000	3,860,000	21,783,000	5,773,000	13,196,000	6,044,000	17,654,000	4,078,000	10,033,000	6,179,000	12,079,000	13,903,000	6,334,000	10,069,000	10,994,000	12,633,000	12,117,000	7,337,000	24,365,000	20,240,000	6,690,000	1,325,000		11,135,000	6,894,000	5,270,000		5,301,000
proceeds from sale of assets and other
disposal of capital assets and other																																		1,512,000	354,000		354,000	357,000	357,000		1,832,000	936,000	228,000		-5,697,000	2,584,000	-34,000		2,342,000	-176,000	-695,000		6,442,000	446,000	462,000		67,000								2,221,000	2,612,000	1,619,000		1,631,000	2,427,000	4,498,000		156,000
acquisition of business, net of cash																																												0	0	0	-75,744,000
income tax benefit from exercise of stock options																																								-15,402,000	-16,465,000	-8,363,000	-23,501,000	-3,239,000	-16,037,000	-18,888,000	-9,731,000	-5,475,000	-7,150,000	-4,902,000	-6,244,000	-13,244,000	-19,802,000	-9,796,000	-23,910,000	-25,778,000	-15,470,000	-10,636,000	-11,157,000	-12,918,000	-6,180,000	-6,853,000	-8,994,000	-12,084,000	-3,106,000	-6,476,000	-585,000	-15,921,000	3,461,000	2,533,000	1,520,000	-13,718,000	1,162,000
net payments of short-term borrowings																																																					-62,000
acquisition of business																																																				0	-1,084,000
proceeds from disposal of capital assets
net proceeds from short-term borrowings																																																							-4,852,000	-2,278,000			4,496,000	-12,789,000	7,197,000	6,755,000	5,738,000
depreciation and amortization																																																					52,888,000
disposal of capital assets																																																											1,057,000	1,002,000	141,000	1,632,000	526,000
net proceeds of short-term borrowings
net (repayments of ) proceeds from commercial paper																																																															-337,300,000
net proceeds from (repayments of ) commercial paper
proceeds from sale of investments
net (repayments of) proceeds from commercial paper
cash flows from operating activities
adjustments to reconcile net income to net cash from operating activities
income tax benefit from exercise of options																																																																					-3,461,000	-2,533,000	-1,520,000		-1,162,000
changes in operating assets and liabilities
cash flows from investing activities
cash flows from financing activities
interest cost																																																																											2,299,000
expected return on plan assets
amortization of prior service cost																																																																											23,000
amortization of net loss																																																																											22,000
net periodic benefit income
adjustments to reconcile net income to net cash provided
by operating activities:
deferred rent liability adjustment
income from warranty negotiations
acquisitions
repayment of senior notes

AutoZone, Inc(NYSE:AZO)

AutoZone, Inc
(NYSE:AZO)