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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2020
Service revenues and vehicle sales $ 3,500,921 $ 2,692,511 $ 2,205,583
Operating expenses:      
Yard operations 1,309,497 1,003,292 972,487
Cost of vehicle sales 585,203 346,128 225,294
General and administrative 231,224 206,665 191,703
Total operating expenses 2,125,924 1,556,085 1,389,484
Operating income 1,374,997 1,136,426 816,099
Other expense:      
Interest expense, net (16,688) (20,247) (18,871)
Loss on extinguishment of debt (16,759) 0 0
Other (expense) income, net (596) 5,667 3,611
Total other expense (34,043) (14,580) (15,260)
Income before income taxes 1,340,954 1,121,846 800,839
Income tax expense 250,824 185,351 100,932
Net income $ 1,090,130 $ 936,495 $ 699,907
Basic net income per common share (in dollars per share) $ 4.59 $ 3.96 $ 3.00
Weighted average common shares outstanding (in shares) 237,419 236,252 233,202
Diluted net income per common share (in dollars per share) $ 4.52 $ 3.90 $ 2.93
Diluted weighted average common shares outstanding (in shares) 241,151 240,290 238,656
Service revenues      
Service revenues and vehicle sales $ 2,853,040 $ 2,291,867 $ 1,947,140
Vehicle sales      
Service revenues and vehicle sales $ 647,881 $ 400,644 $ 258,443