Company: ORLY
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000898173-25-000008
Chunk: 33

Company: O REILLY AUTOMOTIVE INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7A
Chunk 33
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 at December 31, 2024.  The year ended December 31, 2024, exchange rates of the Mexican peso, relative to the U.S. dollar, weakened by approximately 18.5% from December 31, 2023.  The potential loss in value of our net assets in the Mexican subsidiaries resulting from a 10% change in quoted foreign currency exchange rates at December 31, 2024, would be approximately $31.2 million.  Any changes in our net assets in the Mexican subsidiaries relating to foreign currency exchange rates would be reflected in the financial statement through the foreign currency translation component of accumulated other comprehensive income, unless the Mexican subsidiaries are sold or otherwise disposed.  A 10% change in average exchange rates would not have had a material impact on our results of operations.  

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We view our investments in Canadian subsidiaries as long-term.  The net asset exposure in the Canadian subsidiaries translated into U.S. dollars using the period-end exchange rates was $162.8 million, at December 31, 2024.  The year ended December 31, 2024, exchange rates of the Canadian dollar, relative to the U.S. dollar, weakened by approximately 7.9% from December 31, 2023.  The potential loss in value of our net assets in the Canadian subsidiaries resulting from a 10% change in quoted foreign currency exchange rates at December 31, 2024, would be approximately $14.8 million.  Any changes in our net assets in the Canadian subsidiaries relating to foreign currency exchange rates would be reflected in the financial statement through the foreign currency translation component of accumulated other comprehensive income, unless the Canadian subsidiaries are sold or otherwise disposed.  A 10% change in average exchange rates would not have had a material impact on our results of operations.  

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