O'Reilly Automotive, Inc.

NasdaqGS-ORLY

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	725.9	668.6	538.5	551.1	665.5	622.8
Net Income
Depreciation & Amortization	128.7	124.9	122.2	122.6	116.4	113.2
Depreciation and Amortization of Property, Equipment and Intangibles
Share-Based Compensation Expense	8.3	10.4	8.4	7.3	7.4	7.2
Share-Based Compensation Programs
Other Adjustments	30.1	-19	-6.1	-56.6	-7.3	19.6
Amortization of Debt Discount and Issuance Costs
Excess Tax Benefit from Share-Based Compensation
Deferred Income Taxes
Other
Changes in Trade Receivables	7.1	-36.2	-37.8	39.7	70.3	-42.5
Accounts Receivable
Changes in Inventories	-205.5	-205.8	-75.1	-191.4	-127.4	6.9
Inventory
Changes in Accounts Payable	201.5	321.1	10	168.9	134.9	111.5
Accounts Payable
Changes in Accrued Expenses	—	—	—	40.3	20.2	—
Accrued Payroll
Accrued Benefits and Withholdings
Changes in Income Taxes Payable	-316.7	176.3	138.5	-207.5	117.6	-58.8
Income Taxes Payable
Changes in Other Operating Activities	37.1	-283.5	56.5	150	-205.4	168.9
Other
Cash from Operating Activities	616.5	756.8	755.1	624.5	772	948.9
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-312.1	-300.7	-287	-290.5	-258.3	-225.4
Purchases of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	14.2	0.7	1.9	6.1	2.7	3.7
Proceeds from Sale of Property and Equipment
Purchases of Investments	—	—	—	—	—	—
Investment in Tax Credit Equity Investments
Proceeds from Sale of Investments	—	—	—	1.5	0.7	—
Return of Tax Credit Equity Investments
Payments for Business Acquisitions	-3.7	-10	—	-0.3	-5.6	-0
Other, Including Acquisitions, Net of Cash Acquired
Other Investing Activities	—	—	—	—	—	—
Payments Received on Notes Receivable
Other
Cash from Investing Activities	-301.6	-310	-285	-283.2	-261.2	-221.7
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	90.9	173.4	125.5	159.2	-706.9	152.3
Proceeds from Borrowings on Revolving Credit Facility
Net Proceeds of Commercial Paper
Repayments of Short-Term Debt	—	—	—	—	—	-30
Payments on Revolving Credit Facility
Net Issuance / (Repayments) of Short-Term Debt	90.9	173.4	125.5	159.2	-706.9	122.3
Issuance of Long-Term Debt	—	—	—	249.5	498.9	—
Proceeds from the Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	—	—	—	—	—
Principal Payments on Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	249.5	498.9	—
Issuance of Common Shares	20.1	23.2	24.9	16.2	39	16
Net Proceeds from Issuance of Common Stock
Repurchases of Common Shares	-420	-617.2	-559.4	-472	-540.7	-793.8
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-399.9	-594	-534.5	-455.9	-501.7	-777.8
Other Financing Activities	-0	-21	-0.4	-29	-18.3	-0.3
Payment of Debt Issuance Costs
Principal Payments on Capital Leases
Payment of Excise Tax on Share Repurchases
Excess Tax Benefit from Share-Based Compensation
Other
Cash from Financing Activities	-309	-441.4	-409.5	-325.6	-540	-670.5
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	304.4	456.1	468.2	334	513.7	723.5
NOPAT	767.1	709.7	583.4	594.1	703.8	662.6
Levered Free Cash Flow	349.9	674.3	629.1	752.3	255.5	861.5
Unlevered Free Cash Flow	300.2	542	548.5	386.6	501.8	778.9
Net Change in Cash	5.9	5.5	60.7	15.7	-29.2	56.7