Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

AutoZone Inc., adjusted current assets

US$ in thousands

	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019	Aug 25, 2018
As Reported
Current assets	6,779,426)	6,627,984)	6,415,303)	6,811,872)	5,028,685)	4,635,869)
Adjustments
Add: Allowance for credit losses	7,700)	9,500)	11,400)	10,000)	8,500)	6,100)
Add: LIFO reserve¹	(59,000)	(15,000)	(335,300)	(357,000)	(404,900)	(452,400)
After Adjustment
Adjusted current assets	6,728,126)	6,622,484)	6,091,403)	6,464,872)	4,632,285)	4,189,569)

Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).

¹ LIFO reserve. See details »

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AutoZone Inc., adjusted total assets

US$ in thousands

	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019	Aug 25, 2018
As Reported
Total assets	15,985,878)	15,275,043)	14,516,199)	14,423,872)	9,895,913)	9,346,980)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	2,131,812)	1,852,615)
Add: Allowance for credit losses	7,700)	9,500)	11,400)	10,000)	8,500)	6,100)
Add: LIFO reserve²	(59,000)	(15,000)	(335,300)	(357,000)	(404,900)	(452,400)
Less: Deferred tax assets³	86,002)	52,047)	41,043)	27,843)	26,861)	34,620)
After Adjustment
Adjusted total assets	15,848,576)	15,217,496)	14,151,256)	14,049,029)	11,604,464)	10,718,675)

Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² LIFO reserve. See details »

³ Deferred tax assets. See details »

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AutoZone Inc., adjusted current liabilities

US$ in thousands

	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019	Aug 25, 2018
As Reported
Current liabilities	8,511,856)	8,588,393)	7,369,754)	6,283,091)	5,512,141)	5,028,681)
Adjustments
Less: Current accrued sales and warranty returns	43,355)	35,696)	32,418)	32,356)	34,310)	20,025)
After Adjustment
Adjusted current liabilities	8,468,501)	8,552,697)	7,337,336)	6,250,735)	5,477,831)	5,008,656)

Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).

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AutoZone Inc., adjusted total liabilities

US$ in thousands

	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019	Aug 25, 2018
As Reported
Total liabilities	20,335,772)	18,813,956)	16,313,735)	15,301,849)	11,609,764)	10,867,335)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	2,131,812)	1,852,615)
Less: Deferred tax liabilities²	536,278)	533,884)	337,125)	354,186)	311,980)	285,204)
Less: Accrued sales and warranty returns	43,355)	35,696)	32,418)	32,356)	34,310)	20,025)
After Adjustment
Adjusted total liabilities	19,756,139)	18,244,376)	15,944,192)	14,915,307)	13,395,286)	12,414,721)

Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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AutoZone Inc., adjusted stockholders’ deficit

US$ in thousands

	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019	Aug 25, 2018
As Reported
Stockholders’ deficit	(4,349,894)	(3,538,913)	(1,797,536)	(877,977)	(1,713,851)	(1,520,355)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(450,276)	(481,836)	(296,082)	(326,343)	(285,119)	(250,584)
Add: Allowance for credit losses	7,700)	9,500)	11,400)	10,000)	8,500)	6,100)
Add: LIFO reserve²	(59,000)	(15,000)	(335,300)	(357,000)	(404,900)	(452,400)
Add: Accrued sales and warranty returns	43,355)	35,696)	32,418)	32,356)	34,310)	20,025)
After Adjustment
Adjusted stockholders’ deficit	(3,907,563)	(3,026,881)	(1,792,936)	(866,278)	(1,790,822)	(1,696,046)

Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).

¹ Net deferred tax assets (liabilities). See details »

² LIFO reserve. See details »

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AutoZone Inc., adjusted capitalization table

US$ in thousands

	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019	Aug 25, 2018
As Reported
Current portion of finance lease liabilities	86,916)	92,877)	89,932)	67,498)	56,246)	52,290)
Long-term debt	7,668,549)	6,122,092)	5,269,820)	5,513,371)	5,206,344)	5,005,930)
Finance lease liabilities, less current portion	200,702)	217,428)	186,122)	155,855)	123,659)	102,013)
Total reported debt	7,956,167)	6,432,397)	5,545,874)	5,736,724)	5,386,249)	5,160,233)
Stockholders’ deficit	(4,349,894)	(3,538,913)	(1,797,536)	(877,977)	(1,713,851)	(1,520,355)
Total reported capital	3,606,273)	2,893,484)	3,748,338)	4,858,747)	3,672,398)	3,639,878)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	2,131,812)	1,852,615)
Add: Current portion of operating lease liabilities²	257,256)	243,407)	236,568)	223,846)	—)	—)
Add: Operating lease liabilities, less current portion³	2,917,046)	2,837,973)	2,632,842)	2,501,560)	—)	—)
Adjusted total debt	11,130,469)	9,513,777)	8,415,284)	8,462,130)	7,518,061)	7,012,848)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(450,276)	(481,836)	(296,082)	(326,343)	(285,119)	(250,584)
Add: Allowance for credit losses	7,700)	9,500)	11,400)	10,000)	8,500)	6,100)
Add: LIFO reserve⁵	(59,000)	(15,000)	(335,300)	(357,000)	(404,900)	(452,400)
Add: Accrued sales and warranty returns	43,355)	35,696)	32,418)	32,356)	34,310)	20,025)
Adjusted stockholders’ deficit	(3,907,563)	(3,026,881)	(1,792,936)	(866,278)	(1,790,822)	(1,696,046)
After Adjustment
Adjusted total capital	7,222,906)	6,486,896)	6,622,348)	7,595,852)	5,727,239)	5,316,802)

Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of operating lease liabilities. See details »

³ Operating lease liabilities, less current portion. See details »

⁴ Net deferred tax assets (liabilities). See details »

⁵ LIFO reserve. See details »

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AutoZone Inc., adjusted net income

US$ in thousands

12 months ended:	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019	Aug 25, 2018
As Reported
Net income	2,528,426)	2,429,604)	2,170,314)	1,732,972)	1,617,221)	1,337,536)
Adjustments
Add: Deferred income tax expense (benefit)¹	(25,707)	185,594)	(34,432)	51,077)	35,051)	(124,261)
Add: Increase (decrease) in allowance for credit losses	(1,800)	(1,900)	1,400)	1,500)	2,400)	200)
Add: Increase (decrease) in LIFO reserve²	(44,000)	320,300)	21,700)	47,900)	47,500)	(37,500)
Add: Increase (decrease) in accrued sales and warranty returns	7,659)	3,278)	62)	(1,954)	14,285)	505)
Add: Other comprehensive income (loss)	109,700)	7,450)	46,266)	(84,930)	(33,517)	18,752)
After Adjustment
Adjusted net income	2,574,278)	2,944,326)	2,205,310)	1,746,565)	1,682,940)	1,195,232)

Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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AutoZone Inc. (NYSE:AZO)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income