ORLY · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

O REILLY AUTOMOTIVE INC · 2026-08-07 · Importance 64 · Surprise 56 · In source text

Operating cash flow increased to $2.04 billion in the six months ended June 30, 2026, from $1.51 billion in the prior-year period. Free cash flow increased to $1.48 billion from $904 million after deducting $552 million of capital expenditures and $9.5 million of excess tax benefits. The operating-cash-flow increase primarily reflected timing of payments for transferable federal renewable-energy tax credits and higher operating income. A prepaid income-tax position partially offset the improvement compared with the prior-year net taxes-payable position.

Key facts

• Total cash provided by operating activities for the six months ended June 30, 2026 was $2,039,412 (in thousands). source
• Free cash flow for the six months ended June 30, 2026 was $1,477,816 (in thousands). source
• Free cash flow for the six months ended June 30, 2025 was $904,008 (in thousands). source
• GAAP net income for the twelve months ended June 30, 2026 was $2,650,374 (in thousands). source
• Non-GAAP EBITDAR for the twelve months ended June 30, 2026 was $4,727,962 (in thousands). source
• The increase in net cash provided by operating activities during the six months ended June 30, 2026 was primarily due to the timing of payment for transferrable federal renewable energy tax credits and an increase in operating income, partially offset by a prepaid income taxes position. source
• Net increase in cash and cash equivalents for the six months ended June 30, 2026 was $68,388 (in thousands). source

Impact estimates