Discussion 3
11653Buc-ee’s is a Texas chain of convenience stores.
Buc-ee’s closes land deal for first Mississippi location
The stores are known for their wide variety of products and the distinctive smell of the store. They have nine locations in Texas and one in Oklahoma, and are expanding to other states. Buc-ees won the world record for the largest facility with 68,000 square feet, corresponding to 120 stations with all types of gasoline available.
The majority of Buc-ee’s locations are still located in Texas, but they have expanded operations to six states since they started in 2006: Florida, New Mexico, Colorado, Oklahoma, Oregon, and Nevada. Buc-ees has one of the largest convenience stores in the world installed in New Braunfels, Texas in 2012.
Buc-ee’s annual sales exceed $600 million, employing more than 3,000 people. It was published as a gas station operator. Today, as much as 40% of Buc-ee’s business is food sales, including a whopping 5 million pounds of hot dogs sold yearly!
Buc-ee’s is not publically traded; however, its closest competitor is. Casey’s General Stores (NASDAQ: CASY) is a convenience store chain. Buc-ee’s would like to follow its competitors steps to become publically traded. In order to do so, they want to analyse Casey’s financial statements to project they performance in the stock market once they go public. To help the leadership of Buc-ee’s, answer the following questions:
1. What was the total revenue of Casey’s General Stores in 2022?
2. What was the net profit of Casey’s General Stores in 2022? Was the company profitable last year?
3. What is Casey’s total assets?
4. What is Casey’s total liabilities?
5. Can you recognize the three types of cash flows for Casey’s?
(1) operating activities:
(2) investing activities:
(3) financing activities:
To find financial statements of any publically traded company, you can use EDGAR, the search tool from the Securities and Exchange Commission by following this link: EDGAR Search Tool
Follow the instructions on this website to find the Income Statement, Cash Flow and Balance Sheet of Casey’s and help the leadership of Buc-ee’s complete their analysis.
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