CASEYS GENERAL STORES INC

Listed Company

CASYCIK 0000726958NasdaqLarge AcceleratedRetail-Auto Dealers & Gasoline StationsIowaFY ends Apr 30

Period

FY 2025

Revenue

$15.94B

Net Income

$546.52M

Total Assets

$8.21B

Equity

$3.51B

Shares Out

36.96M

Op. Cash Flow

$1.09B

Business

CASEYS GENERAL STORES INC operates a chain of convenience stores and retail fuel outlets under the Casey’s, Casey’s General Store and acquired regional brands, providing in-store retail, prepared food and fuel sales. It offers freshly prepared foods (with pizza as a flagship item), dispensed beverages, packaged groceries, tobacco and nicotine products, automotive items, car washes, and digital loyalty services. Operations are managed through distinct subsidiaries responsible for retail, wholesale, distribution and construction/maintenance, and include a fuel wholesale network. The company sells through company-operated stores across multiple U.S. states, supported by three distribution centers, self-distributed fuel logistics, and dealer wholesale channels.

Summary from filing dated 2025-06-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Total revenue	15,941	14,863	15,094	12,953	8,707
Cost of goods sold (excluding depreciation and amortization, shown separately below)	12,188	11,515	12,022	10,190	6,351
Operating expenses	2,552	2,289	2,120	1,961	1,637
Depreciation and amortization	404	350	313	304	265
Interest, net	84	53	52	57	47
Income before income taxes	712	656	588	441	407
Federal and state income taxes	166	154	141	101	94
Net income	547	502	447	340	313
Basic (in Dollars per share)	14.72	13.51	11.99	9.14	8.44
Diluted (in Dollars per share)	14.64	13.43	11.91	9.1	8.38

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Cash and cash equivalents	327	206	379	159	337
Receivables	181	152	121	108	80
Inventories	480	429	376	396	287
Prepaid and other current assets	25	26	—	—	—
Income taxes receivable	770,000	17	23	44	10
Total current assets	1,013	830	921	725	724
Land	1,430	1,281	1,152	1,098	938
Buildings, land improvements and leasehold improvements	3,540	3,003	2,630	2,446	2,162
Machinery and equipment	3,314	3,053	2,784	2,695	2,478
Finance lease right-of-use assets	121	107	100	75	—
Construction in process	131	109	170	92	99
Property and equipment, at cost	8,535	7,553	6,835	6,406	—
Less accumulated depreciation and amortization	3,122	2,884	2,620	2,426	—
Net property and equipment	5,413	4,669	4,215	3,981	—
Other assets, net	120	80	192	187	82
Operating lease right-of-use assets	417	116	—	—	—
Goodwill	1,245	653	615	613	161
Total assets	8,208	6,347	5,943	5,506	4,460
Current maturities of long-term debt and finance lease obligations	95	53	53	24	2
Accounts payable	620	570	561	589	355
Wages and related taxes	81	96	79	87	69
Property taxes	60	54	51	48	39
Insurance accruals	41	27	29	26	24
Operating lease liabilities	15	4	—	—	—
Other	190	150	155	131	122
Total current liabilities	1,102	953	927	905	613
Long-term debt and finance lease obligations, net of current maturities	2,414	1,583	1,621	1,663	1,361
Deferred income taxes	647	597	544	520	440
Operating lease liabilities, net of current portion	435	111	—	—	—
Insurance accruals, net of current portion	33	30	32	28	26
Other long-term liabilities	69	58	159	148	72
Total liabilities	4,699	3,332	3,283	3,265	2,528
Commitments and contingencies	—	—	—	—	—
Preferred stock, no par value, none issued	0	0	0	0	0
Common stock, no par value, 37,119,083 and 37,008,488 shares issued and outstanding at April 30, 2025 and 2024, respectively	50	27	110	79	59
Retained earnings	3,459	2,988	2,551	2,161	1,874
Total shareholders equity	3,509	3,015	2,661	2,241	1,933
Total liabilities and shareholders equity	8,208	6,347	5,943	5,506	4,460

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Depreciation and amortization	404	350	313	304	265
Amortization of debt related costs	2	1	2	3	2
Inventory, LIFO Reserve, Effect on Income, Net	12	12	24	22	—
Share-based compensation	48	41	47	38	32
Loss on disposal of assets and impairment charges	12	6	7	−1	10
Deferred income taxes	60	53	23	83	4
Receivables	−1	−31	−13	−33	−26
Inventories	−8	−52	−141,000	−98	−50
Prepaid expenses	4	−4	−4	−6	−1
Accounts payable	−21	−9	−9	166	167
Accrued expenses	22	14	20	24	65
Income taxes	15	5	21	−36	6
Other, net	−4	2	5	−14	19
Net cash provided by operating activities	1,091	893	882	789	804
Purchase of property and equipment	−506	−522	−477	−326	−441
Payments for acquisitions of businesses, net of cash acquired	−1,239	−330	−86	−902	−9
Proceeds from sales of property and equipment	19	27	17	70	6
Net cash used in investing activities	−1,727	−825	−545	−1,158	−444
Proceeds from long-term debt	1,100	0	0	450	650
Payments of long-term debt and finance lease obligations	−239	−54	−41	−189	−572
Payments of debt related costs	−6	0	−4	−1	−6
Payments of cash dividends	−72	−63	−56	−51	−48
Repurchase of common stock and payment of related excise taxes	−734,000	−105	0	0	0
Tax withholdings on employee share-based awards	−26	−19	−16	−18	−8
Net cash provided by (used in) financing activities	756	−240	−117	192	−101
Net increase (decrease) in cash and cash equivalents	120	−172	220	−178	258
Cash paid for interest, net of amount capitalized	87	63	57	54	49
Cash paid for income taxes, net	90	105	90	50	81
Purchased property and equipment in accounts payable	46	46	28	47	9

Filings

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