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Tables in the 10-K of CASEYS GENERAL STORES INC

40 tables with numbers, filed Jun 23, 2025. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

PART I	ITEM 1.	Business	4
	ITEM 1A.	Risk Factors	9
	ITEM 1B.	Unresolved Staff Comments	16
	ITEM 1C.	Cybersecurity	16
	ITEM 2.	Properties	17
	ITEM 3.	Legal Proceedings	17
	ITEM 4.	Mine Safety Disclosures	17
PART II	ITEM 5.	Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities	18

	Year ended April 30,
	2025	2024		2023
Number of gallons sold	3,196,852		2,828,669		2,672,366
Total retail fuel revenue	$9,776,033		$9,402,071		$10,027,310
Percentage of total revenue	61.3%		63.3%		66.4%
Total retail fuel revenue less cost of goods sold (excluding depreciation and amortization)	$1,236,694		$1,116,671		$1,074,913
Percentage of revenue less cost of goods sold (excluding depreciation and amortization)	12.7%		11.9%		10.7%
Average retail price per gallon	$3.06		$3.32		$3.75

Calendar 2023	High	Low		Calendar 2024	High	Low	Calendar 2025		High	Low
Q1	$236.45		$202.13		Q1	$324.40		$268.07		Q1	$445.17	$372.09
Q2	245.72		212.50		Q2	389.44		306.45
Q3	284.18		238.44		Q3	401.07		350.52
Q4	286.62		260.13		Q4	439.68		363.00

Calendar 2023	Cash dividend declared	Calendar 2024		Cash dividend declared		Calendar 2025	Cash dividend declared
Q1	$0.38		Q1		$0.43		Q1	$0.50
Q2	0.43		Q2		0.50		Q2	0.57
Q3	0.43		Q3		0.50
Q4	0.43		Q4		0.50
	$1.67				$1.93

Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
Fourth Quarter:
February 1-28, 2025	—		$—		—	$295,109,710
March 1-31, 2025	—		—		—	295,109,710
April 1-30, 2025	—		—		—	295,109,710
Total	—		$—		—	$295,109,710

	Store Count
Stores at April 30, 2024	2,658
New store construction	35
Acquisitions	235
Acquisitions not opened	(1)
Prior acquisitions opened	1
Closed	(24)
Stores at April 30, 2025	2,904

	Years ended April 30,
	2025	2024		2023
Total revenue by category
Prepared food and dispensed beverage	$1,611,762		$1,461,600		$1,322,560
Grocery and general merchandise	4,143,887		3,727,394		3,445,777
Fuel	9,776,033		9,402,071		10,027,310
Other (1)	409,217		271,848		298,828
	$15,940,899		$14,862,913		$15,094,475

Finance lease liabilities (Note 7)	$108,920
3.67% Senior Notes (Series A) due in 7 installments beginning June 17, 2022, and ending June 15, 2028	87,000
3.75% Senior Notes (Series B) due in 7 installments beginning December 17, 2022 and ending December 18, 2028	29,000
3.65% Senior Notes (Series C) due in 7 installments beginning May 2, 2025 and ending May 2, 2031	50,000
3.72% Senior Notes (Series D) due in 7 installments beginning October 28, 2025 and ending October 28, 2031	50,000
3.77% Senior Notes (Series F) due August 22, 2028	250,000
2.85% Senior Notes (Series G) due August 7, 2030	325,000
2.96% Senior Notes (Series H) due August 6, 2032	325,000

Contractual obligations	Payments due by period
	Total	Less than 1 year		1-3 years	3-5 years	More than 5 years
Long-term debt (1)	$2,692,083		$133,497		$473,756		$1,086,461	$998,369
Finance lease obligations	159,251		14,838		29,885		14,623	99,905
Operating lease obligations	779,448		36,918		78,061		76,206	588,263
Deferred compensation	12,245		—		—		—	—
Total	$3,643,027		$185,253		$581,702		$1,177,290	$1,686,537

	April 30,
	2025	2024
Assets
Current assets
Cash and cash equivalents	$326,662		$206,482
Receivables	180,746		151,793
Inventories	480,034		428,722
Prepaid and other current assets	24,641		25,791

	Years ended April 30,
	2025	2024		2023
Net income	$546,520		$501,972		$446,691
Interest, net	83,951		53,441		51,815
Depreciation and amortization	403,647		349,797		313,131
Federal and state income taxes	165,929		154,188		140,827
EBITDA	$1,200,047		$1,059,398		$952,464

	Years ended April 30,
	2025	2024		2023
Total revenue	$15,940,899		$14,862,913		$15,094,475
Cost of goods sold (excluding depreciation and amortization, shown separately below)	12,188,496		11,515,002		12,022,069
Operating expenses	2,552,356		2,288,513		2,119,942
Depreciation and amortization	403,647		349,797		313,131
Interest, net	83,951		53,441		51,815
Income before income taxes	712,449		656,160		587,518

	Shares Outstanding	Common stock		Retained earnings	Shareholders' Equity
Balance at April 30, 2022	37,111,667		$79,412		$2,161,426	$2,240,838
Net income	—		—		446,691	446,691
Dividends declared ($1.52 per share)	—		—		(57,488)	(57,488)
Share-based compensation (net of tax withholding on employee share-based awards)	151,581		30,625		—	30,625
Balance at April 30, 2023	37,263,248		110,037		2,550,629	2,660,666
Net income	—		—		501,972	501,972
Dividends declared ($1.72 per share)	—		—		(64,673)	(64,673)

	Years ended April 30,
	2025	2024		2023
Cash flows from operating activities
Net income	$546,520		$501,972		$446,691
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	403,647		349,797		313,131
Amortization of debt related costs	2,312		1,111		1,789
Change in excess replacement cost over LIFO inventory valuation	11,530		12,499		24,231

Assets acquired:
Cash and cash equivalents	$60,212
Receivables	25,368
Inventories	50,928
Prepaid and other current assets	2,509
Deferred income taxes	9,903
Property and equipment	529,719
Operating lease right-of-use assets	313,867

	For the year ended April 30,
	2025	2024
Total revenue	$17,011,273		$17,079,181
Net income	$549,676		$447,093
Net income per common share
Basic	$14.81		$12.03
Diluted	$14.72		$11.96

Assets acquired:
Inventories	$13,351
Property and equipment	279,396
Finance lease right-of-use assets	3,194
Operating lease right-of-use assets	7,201
Other assets	2,137
Goodwill	37,321
Total assets	$342,600

	As of April 30,
	2025	2024
Finance lease liabilities (Note 7)	$108,920		$101,818
3.67% Senior Notes (Series A) due in 7 installments beginning June 17, 2022, and ending June 15, 2028	87,000		111,000
3.75% Senior Notes (Series B) due in 7 installments beginning December 17, 2022 and ending December 18, 2028	29,000		37,000
3.65% Senior Notes (Series C) due in 7 installments beginning May 2, 2025 and ending May 2, 2031	50,000		50,000
3.72% Senior Notes (Series D) due in 7 installments beginning October 28, 2025 and ending October 28, 2031	50,000		50,000
3.51% Senior Notes (Series E) due June 13, 2025	—		150,000

Years ended April 30,
2026	$84,500
2027	90,500
2028	290,500
2029	328,500
2030	685,375
Thereafter	926,000
	$2,405,375

		Weighted-Average
		Grant Date Fair
	Shares	Value per Share
Unvested at April 30, 2022	526,394
Granted	165,024		$218
Vested	(233,533)
Forfeited	(40,773)
Performance Award Adjustments	133,728

	2025	2024
Beginning balance	$10,747		$10,957
Additions based on tax positions related to current year	2,382		2,570
Reductions due to lapse of applicable statute of limitations	(2,356)		(2,780)
Ending balance	$10,773		$10,747

		Years ended April 30,
	Classification	2025	2024
Finance lease right-of-use assets	Net property and equipment	$89,909		$83,714
Operating lease right-of-use assets	Operating lease right-of-use assets, net	417,046		115,819

Years ended April 30,	Finance leases	Operating leases
2026	$14,838		$36,918
2027	15,400		39,896
2028	14,485		38,165
2029	7,830		38,063
2030	6,793		38,143
Thereafter	99,905		588,263
Total minimum lease payments	$159,251		$779,448

ExhibitNumber	Description of Exhibits
2.1	Equity Purchase Agreement by and among Casey’s General Stores, Inc., Fikes Wholesale, Inc., Group Petroleum Services, Inc., the Representative, and certain other parties thereto, dated July 25, 2024 (incorporate by reference to Exhibit 2.1 to Form 8-K as filed July 26, 2024)
3.1	Second Restatement of the Restated and Amended Articles of Incorporation, as amended September 5, 2018, June 28, 2019 and September 4, 2019 (incorporated by reference to Exhibit 3.1 to Form 10-Q as filed September 9, 2019)
3.2	Seventh Amended and Restated Bylaws (incorporated by reference to Exhibit 3.1 to Form 8-K filed March 7, 2023)
4.1	Note Purchase Agreement dated August 9, 2010 among the Company and the purchasers of the 5.22% Senior Notes (incorporated by reference to Exhibit 4.1 to Form 8-K as filed August 10, 2010)
4.2	Note Purchase Agreement dated June 17, 2013 among the Company and the purchasers of the 3.67% Series A Notes and 3.75% Series B Notes (incorporated by reference to Exhibit 4.10 to Form 8-K as filed June 18, 2013)
4.3	First Amendment to the 2013 Note Purchase Agreement, dated June 30, 2020 (incorporated by reference to Exhibit 4.2 to Form 8-K as filed July 7, 2020)
4.4	Second Amendment to the 2013 Note Purchase Agreement, dated October 4, 2024 (incorporated by reference to Exhibit 4.2 to Form 8-K as filed October 9, 2024)

Tables in the 10-K of CASEYS GENERAL STORES INC

Table 1 after “TABLE OF CONTENTS”

Table 2 after “Retail fuel sales are an important part of our revenue and earnings. The following table summarizes (dollars and gallons in thousands) retai”

Table 3 after “Common Stock Market Prices”

Table 4 after “The cash dividends declared during the calendar years 2023 through 2025 were as follows:”

Table 5 after “The following table sets forth information with respect to the Company's repurchases of common stock during the quarter ended April 30, 2025”

Table 6 after “The following table represents the roll forward of store growth throughout fiscal 2025:”

Table 7 after “COMPANY TOTAL REVENUE AND REVENUE LESS COST OF GOODS SOLD (EXCLUDING DEPRECIATION AND AMORTIZATION) BY CATEGORY”

Table 8 after “INDIVIDUAL STORE COMPARISONS (1)”

Table 9 after “SAME STORE SALES BY CATEGORY (1)”

Table 10 after “Table of Contents”

Table 11 after “As of April 30, 2025, we had long-term debt and finance lease obligations consisting of:”

Table 12 after “The table below presents our significant contractual obligations, including interest, at April 30, 2025:”

Table 13 after “CONSOLIDATED BALANCE SHEETS (In thousands, except share data)”

Table 14 after “(In thousands, except per share amounts)”

Table 15 after “(In thousands, except per share and share amounts)”

Table 16 after “(in thousands)”

Table 17 after “Below is a summary of the receivable values at April 30, 2025 and 2024:”

Table 18 after “Below is a summary of the inventory values at April 30, 2025 and 2024:”

Table 19 after “The table below summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. We utilized a t”

Table 20 after “The following unaudited pro forma information presents a summary of our consolidated results of operations as if the acquisition of Fikes oc”

Table 21 after “Allocation of the purchase price for the transactions in aggregate for the year ended April 30, 2024, was as follows:”

Table 22 after “The carrying amount of the Company’s long-term debt and finance lease obligations by issuance is as follows:”

Table 23 after “for future minimum payments under finance leases), for the 5 years commencing May 1, 2025 and thereafter:”

Table 24 after “The following table presents a summary of our restricted stock unit activity during the three-year period ended April 30, 2025. At April 30,”

Table 25 after “Computations for basic and diluted earnings per common share are presented below:”

Table 26 after “Income tax expense attributable to earnings consisted of the following components:”

Table 27 after “The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were”

Table 28 after “Total reported tax expense applicable to the Company’s continuing operations varies from the tax that would have resulted from applying the ”

Table 29 after “A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:”

Table 30 after “Lease right-of-use assets outstanding as of April 30, 2025 and 2024 consisted of the following:”

Table 31 after “Table of Contents”

Table 32 after “The summary of cash paid for amounts included in the measurement of liabilities included on the consolidated statements of cash flows and su”

Table 33 after “Weighted average remaining lease terms and weighted average discount rates on outstanding leases were as follows:”

Table 34 after “Future minimum payments under the finance leases and operating leases consisted of the following at April 30, 2025:”

Table 35 after “The following table provides information on revenue, significant expenses, and net income related to the single reportable segment:”

Table 36 after “The following exhibits are filed as a part of this report:”

Table 37 after “Table of Contents”

Table 38 after “Table of Contents”

Table 39 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of”

Table 40 after “Table of Contents”

4.13	Note Purchase Agreement dated October 4, 2024 among the Company and the purchasers of the 5.23% Series I Notes and 5.43% Series J Notes (incorporated by reference to Exhibit 4.1 to Form 8-K as filed October 9, 2024)
4.14	Description of Securities Registered Under Section 12 of the Exchange Act (incorporated by reference to Exhibit 4.9 to Form 10-K as filed June 24, 2024)
10.1	Promissory Note delivered to UMB Bank, n.a. and related Negative Pledge Agreement dated June 1, 2023 (incorporated by reference to exhibit 10.1 to Form 8-K as filed June 6, 2023)
10.2	Credit Agreement, dated as of April 21, 2023, by and among Casey’s General Stores, Inc. Wells Fargo Bank, National Association, as administrative agent, and the lenders and issuing banks from time to time party thereto (incorporated by reference to Exhibit 10.1 to Form 8-K as filed April 26, 2023)
10.3	First Amendment to Credit Agreement and Incremental Amendment, dated as of October 30, 2024, among Casey’s General Stores, Inc., the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent (incorporated by reference to Exhibit 10.1 to Form 8-K as filed November 5, 2024)
10.4*	Form of Change of Control Agreement (incorporated by reference to Exhibit 10.1 to Form 8-K as filed December 19, 2019)
10.5*	Executive Nonqualified Excess Plan Document and related Adoption Agreement dated September 25, 2015 (incorporated by reference to Exhibit 10.7 to Form 10-K as filed June 26, 2020)
10.6*	Employment Agreement, dated May 31, 2019, between the Company and Darren M. Rebelez (with the Change of Control Agreement attached as an exhibit thereto) (incorporated by reference to Exhibit 10.1 to Form 8-K as filed June 6, 2019)

10.20*	Form of Restricted Stock Units Agreement (Non-Officer Employees) under 2018 Stock Incentive Plan (FY25 Awards) (incorporated by reference to Exhibit 10.18 to Form 10-K as filed June 24, 2024)
10.21*	Form of Restricted Stock Units Agreement (Special Performance Award) under 2018 Stock Incentive Plan (incorporated by reference to Exhibit 10.19 to Form 10-K as filed June 24, 2024)
10.22*	Casey's General Stores, Inc. Officer Severance Plan (incorporated by reference to Exhibit 10.1 to Form 8-K as filed September 9, 2019)
19.1	Casey's General Stores, Inc. Insider Trading Policy and Procedures
21.1	Subsidiaries of Casey’s General Stores, Inc.
23.1	Consent of Independent Registered Public Accounting Firm
31.1	Certificate of Darren M. Rebelez under Section 302 of Sarbanes-Oxley Act of 2002
31.2	Certificate of Stephen P. Bramlage Jr. under Section 302 of Sarbanes-Oxley Act of 2002

Date: June 23, 2025	By	/s/ Darren M. Rebelez
	Darren M. Rebelez
	President, Chief Executive Officer and
	Board Chair
Date: June 23, 2025	By	/s/ Stephen P. Bramlage Jr.
	Stephen P. Bramlage Jr.
	Chief Financial Officer
Date: June 23, 2025	By	/s/ Judy A. Schmeling

Date: June 23, 2025	By	/s/ David K. Lenhardt
	David K. Lenhardt
	Director
Date: June 23, 2025	By	/s/ Allison M. Wing
	Allison M. Wing
	Director
Date: June 23, 2025	By	/s/ Larree M. Renda
	Larree M. Renda