-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LLkJ5n+Ltr+pCTqX55LTLd++rwzZ702VwHr1jpioe5G5rkm4TUTd5A/qkP0Gn8/u ozeUrPxAQCbRL2OnvyTebQ== 0000866787-02-000028.txt : 20020529 0000866787-02-000028.hdr.sgml : 20020529 20020529141341 ACCESSION NUMBER: 0000866787-02-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020529 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUTOZONE INC CENTRAL INDEX KEY: 0000866787 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO & HOME SUPPLY STORES [5531] IRS NUMBER: 621482048 STATE OF INCORPORATION: NV FISCAL YEAR END: 0826 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10714 FILM NUMBER: 02664586 BUSINESS ADDRESS: STREET 1: 123 SOUTH FRONT ST CITY: MEMPHIS STATE: TN ZIP: 38103 BUSINESS PHONE: 9014956500 MAIL ADDRESS: STREET 1: P O BOX 2198 STREET 2: DEPT 8074 CITY: MEMPHIS STATE: TN ZIP: 38101-2198 8-K 1 covrform.htm 8-K FORM FORM 8-K
 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

FORM 8-K

Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 

May 29, 2002
Date of Report
(Date of earliest event reported)
 

AUTOZONE, INC.
(Exact name of registrant as specified in its charter)

Nevada
1-10714
62-1482048
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)

123 South Front Street
Memphis, Tennessee 38103
(Address of principal executive offices) (Zip Code)

(901) 495-6500
Registrant's telephone number, including area code

(not applicable)
Former name, former address and former fiscal year, if changed since last report.




Item 5. Other Events

        Selected financial results for the registrant's fiscal quarter ended May 4, 2002 are filed as Exhibit 99.1 to this Current Report.
 

Item 7.  Financial Statements and Exhibits

        (c)        Exhibits

                    99.1        Selected financial results of the registrant for its fiscal quarter ended May 4, 2002.

 
 
 

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 

                                                                                AUTOZONE, INC.

                                                                                By:    /s/ Harry L. Goldsmith

                                                                                Harry L. Goldsmith
                                                                                Senior Vice President, General Counsel
                                                                                and Secretary-Customer Satisfaction

 

Dated:        May 29, 2002
 
 

EXHIBIT INDEX

99.1        Selected financial results of the registrant for its fiscal quarter ended May 4, 2002
 

 EX-99.1 4 finhlgts.htm EXHIBIT finhlght AutoZone's 3rd Quarter Highlights- Fiscal 2002
 

Condensed Consolidated Statements of Operations
(in thousands, except per share data)
 
12 Weeks Ended
May 4, 2002
 
12 Weeks Ended
May 5, 2001
 
36 Weeks Ended
May 4, 2002
 
36 Weeks Ended
May 5, 2001
Net sales
$1,224,810
  
$1,139,957
  
$3,482,173
  
$3,177,522
Cost of goods sold
 		  
682,826
 
657,379
 
1,949,153
 
     1,852,046
Gross profit 
541,984
  
      482,578
  
      1,533,020
  
     1,325,476
Operating expenses   
359,551
  
     349,512
  
     1,073,934
  
     1,004,362
Restructuring and impairment charges
 
---
 
5,200
 
     ---
 
    5,200
Operating profit 
182,433
  
      127,866
  
      459,086
  
     315,914
Interest expense,net 
 
17,419
 
     23,841
 
     55,124
 
     72,365
Income before taxes 
165,014
  
      104,025
  
      403,962
  
     243,549
Taxes 
 
62,700
 
     40,500
 
     153,800
 
     94,500
Net income
 
$102,314
 
      $63,525
 
      $250,162
 
      $149,049
Net income per share:
       Basic
$0.98
  
$0.57
  
$2.35
  
$1.30
       Diluted
$0.96
  
      $0.56
  
      $2.29
  
      $1.30
Shares outstanding:
       Basic
103,961
  
      112,364
  
     106,264
  
     114,330
       Diluted  
106,644
  
      113,037
  
     109,015
  
      114,861

 
Selected Balance Sheet Information
(in thousands)
 
May 4, 2002
 
May 5, 2001
 
August 25, 2001
Merchandise inventories 
$1,291,189
  
      $1,214,942
  
      $1,242,896
Current assets 
1,371,977
  
      1,293,616
  
      1,328,511
Property and equipment, net
     1,691,593
  
      1,770,310
  
      1,710,443
Total assets
     3,444,247
  
      3,447,166
  
      3,432,512
Accounts payable
     932,106
  
      782,007
  
      945,666
Current liabilities
      1,348,016
  
      1,111,821
  
      1,266,654
Stockholders' equity
     774,915
  
      889,646
  
      866,213
Debt
     1,251,134
  
      1,392,729
  
      1,225,402
Working capital
     23,961
  
      181,795
  
      61,857
    

Selected Cash Flow Information
(in thousands)
 
12 Weeks Ended
May 4, 2002
12 Weeks Ended
May 5, 2001
36 Weeks Ended
May 4, 2002
36 Weeks Ended
May 5, 2001
Depreciation and amortization     
$26,404
  
      $30,451
  
      $82,497
  
      $91,694
Capital spending
     $41,223
  
       $44,234
  
     $81,845
  
       $137,305
Cash flow before share repurchases
     $244,039
  
      $184,194
  
      $386,710
  
      $118,798
Share repurchases
     $243,231
  
      $56,878
  
      $412,442
  
      $261,590

Other Selected Financial Information
(in thousands)
 
   
May 4, 2002
 
May 5, 2001
 
August 25, 2001
Cumulative share repurchases ($):
        On balance sheet  
    $1,649,182
  
      $1,132,504
  
      $1,236,733
        Forward contracts
 		  
    108,789
 
      130,765
 
      131,092
                Total   
$1,757,971
  
      $1,263,269
  
      $1,367,825
Cumulative share repurchases (shares):
        On balance sheet
    55,421
  
      42,953
  
      47,162
        Forward contracts
 
    1,999
 
      5,761
 
      3,894
               Total
57,420
  
      48,714
  
      51,056
Shares outstanding, end of quarter
     102,979
  
      111,861
  
      109,408

 
 
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