$CASY

CASEYS GENERAL STORES INC

CIK:0000726958|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Income Statement [Abstract]
Total revenue	$ 5,678,336	$ 4,567,106
Cost of goods sold (excluding depreciation and amortization, shown separately below)	4,439,142	3,454,660
Operating expenses	754,111	698,176
Depreciation and amortization	115,994	108,963
Interest, net	22,059	26,850
Income before income taxes	347,030	278,457
Federal and state income taxes	73,310	63,102
Net income	$ 273,720	$ 215,355
Net income per common share
Basic (in dollars per share)	$ 7.40	$ 5.80
Diluted (in dollars per share)	$ 7.37	$ 5.77
Basic weighted average shares outstanding (in shares)	36,965,113	37,148,383
Plus effect of stock compensation (in shares)	177,144	203,697
Diluted weighted average shares outstanding (in shares)	37,142,257	37,352,080

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Cash flows from operating activities:
Net income	$ 273,720	$ 215,355
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	115,994	108,963
Amortization of debt issuance costs	516	516
Change in excess replacement cost over LIFO inventory valuation	1,094	8,327
Share-based compensation	16,930	15,221
Loss on disposal of assets and impairment charges	2,222	561
Deferred income taxes	32,797	47,457
Changes in assets and liabilities:
Receivables	(7,304)	(15,873)
Inventories	(577)	(6,868)
Prepaid and other current assets	(31,214)	(20,040)
Accounts payable	6,381	35,019
Accrued expenses	(50,257)	(25,729)
Income taxes	39,761	5,595
Other, net	(15,991)	3,913
Net cash provided by operating activities	384,072	372,417
Cash flows from investing activities:
Purchase of property and equipment	(194,395)	(110,046)
Payments for acquisition of businesses, net of cash acquired	(43,904)	(9,495)
Proceeds from sales of assets	3,578	17,499
Net cash used in investing activities	(234,721)	(102,042)
Cash flows from financing activities:
Proceeds from long-term debt	42,625	0
Payments of long-term debt and finance lease obligations	(45,207)	(42,163)
Payments of cash dividends	(22,283)	(19,655)
Repurchase of common stock and payment of related excise taxes	(44,856)	(31,251)
Tax withholdings on employee share-based awards	(78,562)	(45,895)
Net cash used in financing activities	(148,283)	(138,964)
Net increase in cash and cash equivalents	1,068	131,411
Cash and cash equivalents at beginning of the period	522,991	326,662
Cash and cash equivalents at end of the period	524,059	458,073
Cash paid during the period for:
Interest, net of amount capitalized	22,498	26,896
Income taxes, net	751	10,050
Noncash activities:
Purchased property and equipment in accounts payable	114,088	64,905
Right-of-use assets obtained in exchange for new finance lease liabilities	1,188	4,448
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 4,133	$ 0

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 31, 2026	Apr. 30, 2026
Current assets:
Cash and cash equivalents	$ 524,059	$ 522,991
Receivables	245,837	243,502
Inventories	557,968	557,151
Prepaid and other current assets	60,997	29,783
Income taxes receivable	0	10,585
Total current assets	1,388,861	1,364,012
Operating lease right-of-use assets, net	430,740	432,640
Other assets, net of amortization	137,685	121,249
Goodwill	1,284,216	1,268,686
Property and equipment, net of accumulated depreciation of $3,546,531 at July 31, 2026 and $3,444,442 at April 30, 2026	5,879,761	5,749,468
Total assets	9,121,263	8,936,055
Current liabilities:
Current maturities of long-term debt and finance lease obligations	104,323	101,357
Accounts payable	853,659	823,804
Accrued expenses and current portion of operating lease liabilities	377,013	425,445
Income taxes payable	28,618	0
Total current liabilities	1,363,613	1,350,606
Long-term debt and finance lease obligations, net of current maturities	2,326,200	2,330,237
Deferred income taxes	772,640	739,843
Operating lease liabilities, net of current portion	457,625	459,284
Insurance accruals, net of current portion	32,167	32,140
Other long-term liabilities	75,105	72,226
Total liabilities	5,027,350	4,984,336
Shareholders’ equity:
Preferred stock, no par value	0	0
Common stock, no par value	0	0
Retained earnings	4,093,913	3,951,719
Total shareholders’ equity	4,093,913	3,951,719
Total liabilities and shareholders' equity	$ 9,121,263	$ 8,936,055