##### Table of Contents









UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549





Form 10-Q


|           |  |                                                                                             
|---------- |  | --------------------------------------------------------------------------------------------
|(Mark One) |  |                                                                                             
|þ          |  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934 
|           |  | For the quarterly period ended October 30, 2005                                             
|           |  | or                                                                                          
|          
|o          |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
|           |  | For the transition period
    from           to                                             

Commission File Number 001-13927


CSK Auto Corporation


(Exact name of registrant as specified in its charter)


|                                                                                                 |  |                    
|------------------------------------------------------------------------------------------------ |  | -------------------
|Delaware                                                                                         |  | 86-0765798         
|(State or other jurisdiction of                                                                  |  | (I.R.S. Employer   
|incorporation or organization)                                                                   |  | Identification No.)
|                                                                                                
|645 E. Missouri Ave.
    Suite 400,
    Phoenix, Arizona(Address of principal executive offices) |  | 85012(Zip Code)    

(602) 265-9200


(Registrants telephone number, including area code)


N/A


(Former name, former address and former fiscal year,


if changed since last report)


þ o


þ o


o þ












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TABLE OF CONTENTS


|                                   |  |                                                                                           |    |      |    | 
|---------------------------------- |  | ----------------------------------------------------------------------------------------- | -- | ---- | -- | 
|                                   |  |                                                                                           |    | Page |   
|                                   |  |                                                                                           |    |      |   
|PART I  Financial
    Information
|Item 1.                            |  | Financial Statements (unaudited)                                                          |    |      | 3  | 
|                                   |  | Consolidated Balance Sheets                                                               |    |      | 3  | 
|                                   |  | Consolidated Statements of Operations                                                     |    |      | 4  | 
|                                   |  | Consolidated Statement of
    Stockholders Equity                                        |    |      | 5  | 
|                                   |  | Consolidated Statements of Cash Flows                                                     |    |      | 6  | 
|                                   |  | Notes to Consolidated Financial
    Statements                                            |    |      | 7  | 
|Item 2.                            |  | Managements Discussion and Analysis
    of Financial Condition and Results of Operations |    |      | 16 | 
|Item 3.                            |  | Quantitative and Qualitative Disclosures
    About Market Risk                            |    |      | 25 | 
|Item 4.                            |  | Controls and Procedures                                                                   |    |      | 25 | 
|                                  
|PART II  Other
    Information   
|Item 1.                            |  | Legal Proceedings                                                                         |    |      | 26 | 
|Item 2.                            |  | Changes in Securities, Use of Proceeds and
    Issuer Purchases of Equity Securities      |    |      | 27 | 
|Item 6.                            |  | Exhibits                                                                                  |    |      | 28 | 
|Signature                          |  |                                                                                           | 30 |     
|Exhibit 3.04                      
|Exhibit 10.05                     
|Exhibit 31.1                      
|Exhibit 31.2                      
|Exhibit 32.0                      



2



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##### Table of Contents






PART I


FINANCIAL INFORMATION







|        |                     
|------- | --------------------
|Item 1. | Financial Statements

CSK AUTO CORPORATION AND SUBSIDIARIES





CONSOLIDATED BALANCE SHEETS


|                                                                |                                                                                                                                                                                         |                                            |         |          |             |   |         |          |           | 
|--------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------ | ------- | -------- | ----------- | - | ------- | -------- | --------- | 
|                                                                |                                                                                                                                                                                         | October 30,                                |         |          | January 30, |  
|                                                                |                                                                                                                                                                                         | 2005                                       |         |          | 2005        |  
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                         | (Unaudited)                                |        
|                                                                |                                                                                                                                                                                         | (In thousands, except share                |        
|                                                                |                                                                                                                                                                                         | data)                                      |        
|ASSETS                                                         
|Cash and cash equivalents                                       |                                                                                                                                                                                         | $                                          | 19,287  |          |             | $ | 56,548  |         
|Receivables, net of allowances of $3,038 and $670, respectively |                                                                                                                                                                                         |                                            | 41,951  |          |             |   | 73,106  |         
|Inventories                                                     |                                                                                                                                                                                         |                                            | 563,039 |          |             |   | 531,751 |         
|Deferred income taxes                                           |                                                                                                                                                                                         |                                            | 32,568  |          |             |   | 46,263  |         
|Prepaid expenses and other current assets                       |                                                                                                                                                                                         |                                            | 22,921  |          |             |   | 27,260  |         
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                         | Total current assets                       |         |          | 679,766     |   |         |          | 734,928   | 
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|Property and equipment, net                                     |                                                                                                                                                                                         |                                            | 140,822 |          |             |   | 139,357 |         
|Leasehold interests, net                                        |                                                                                                                                                                                         |                                            | 9,670   |          |             |   | 10,393  |         
|Goodwill                                                        |                                                                                                                                                                                         |                                            | 118,966 |          |             |   | 118,966 |         
|Other assets, net                                               |                                                                                                                                                                                         |                                            | 37,149  |          |             |   | 38,474  |         
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                         | Total assets                               |         | $        | 986,373     |   |         | $        | 1,042,118 | 
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|                                                               
|LIABILITIES AND STOCKHOLDERS EQUITY                           
|Accounts payable                                                |                                                                                                                                                                                         | $                                          | 204,186 |          |             | $ | 178,444 |         
|Accrued payroll and related expenses                            |                                                                                                                                                                                         |                                            | 54,819  |          |             |   | 51,396  |         
|Accrued expenses and other current liabilities                  |                                                                                                                                                                                         |                                            | 62,222  |          |             |   | 47,982  |         
|Current maturities of long-term debt                            |                                                                                                                                                                                         |                                            | 423     |          |             |   | 2,818   |         
|Current maturities of capital lease obligations                 |                                                                                                                                                                                         |                                            | 4,717   |          |             |   | 6,490   |         
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                         | Total current liabilities                  |         |          | 326,367     |   |         |          | 287,130   | 
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|Long-term debt                                                  |                                                                                                                                                                                         |                                            | 382,964 |          |             |   | 477,568 |         
|Obligations under capital leases                                |                                                                                                                                                                                         |                                            | 6,983   |          |             |   | 10,437  |         
|Deferred income taxes                                           |                                                                                                                                                                                         |                                            | 90      |          |             |   | 6,341   |         
|Other liabilities                                               |                                                                                                                                                                                         |                                            | 46,345  |          |             |   | 46,358  |         
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                         | Total non-current liabilities              |         |          | 436,382     |   |         |          | 540,704   | 
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|Commitments and contingencies                                   |                                                                                                                                                                                         |                                            |         |          |             |   |         |         
|                                                                | Stockholders equity:                                                                                                                                                                   |                                            |         |          |             |   |         |          |          
|                                                                | Common stock, $0.01 par value, 58,000,000 shares
    authorized, 43,806,159 and 45,116,301 shares issued and
    outstanding at October 30, 2005 and January 30, 2005,
    respectively |                                            |         | 438      |             |   |         | 451      |          
|                                                                | Additional paid-in capital                                                                                                                                                              |                                            |         | 424,910  |             |   |         | 446,537  |          
|                                                                | Deferred compensation                                                                                                                                                                   |                                            |         | (1,668   | )           |   |         | (1,018   | )        
|                                                                | Stockholder receivable                                                                                                                                                                  |                                            |         |         |             |   |         | (10      | )        
|                                                                | Accumulated deficit                                                                                                                                                                     |                                            |         | (200,056 | )           |   |         | (231,676 | )        
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                         | Total stockholders equity                 |         |          | 223,624     |   |         |          | 214,284   | 
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  
|                                                                |                                                                                                                                                                                         | Total liabilities and stockholders equity |         | $        | 986,373     |   |         | $        | 1,042,118 | 
|                                                                |                                                                                                                                                                                         |                                            |         |          |             |  



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CSK AUTO CORPORATION AND SUBSIDIARIES





CONSOLIDATED STATEMENTS OF OPERATIONS


|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |         |  |   |           |         | 
|------------------------------------------ | ---------------------------- | ------------------------------------- | ------- | ------- | ----------------------- | - | ------- | ----------- |  | - | ----------- | ------- |  | - | --------- | ------- | 
|                                           |                              | Thirteen Weeks Ended                  |         |         | Thirty-Nine Weeks Ended |  
|                                           |                              |                                       |         |         |                         |  
|                                           |                              | October 30,                           |         |         | October 31,             |   |         | October 30, |  |   | October 31, |        
|                                           |                              | 2005                                  |         |         | 2004                    |   |         | 2005        |  |   | 2004        |        
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|                                           |                              | (Unaudited)                           |        
|                                           |                              | (In thousands, except per share data) |        
|Net sales                                  |                              | $                                     | 408,318 |         |                         | $ | 401,457 |             |  | $ | 1,224,567   |         |  | $ | 1,207,568 |        
|Cost of sales                              |                              |                                       | 220,079 |         |                         |   | 213,551 |             |  |   | 663,379     |         |  |   | 636,899   |        
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|Gross profit                               |                              |                                       | 188,239 |         |                         |   | 187,906 |             |  |   | 561,188     |         |  |   | 570,669   |        
|Other costs and expenses:                  |                              |                                       |         |         |                         |   |         |             |  |   |             |         |  |   |           |        
|                                           | Operating and administrative |                                       |         | 162,521 |                         |   |         | 158,879     |  |   |             | 481,351 |  |   |           | 478,089 | 
|                                           | Store closing costs          |                                       |         | 910     |                         |   |         | 721         |  |   |             | 1,879   |  |   |           | 1,608   | 
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|Operating profit                           |                              |                                       | 24,808  |         |                         |   | 28,306  |             |  |   | 77,958      |         |  |   | 90,972    |        
|Interest expense, net                      |                              |                                       | 7,585   |         |                         |   | 8,217   |             |  |   | 24,455      |         |  |   | 24,797    |        
|Loss on debt retirement                    |                              |                                       |        |         |                         |   |        |             |  |   | 1,600       |         |  |   |          |        
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|Income before income taxes                 |                              |                                       | 17,223  |         |                         |   | 20,089  |             |  |   | 51,903      |         |  |   | 66,175    |        
|Income tax expense                         |                              |                                       | 6,706   |         |                         |   | 7,862   |             |  |   | 20,283      |         |  |   | 25,869    |        
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|Net income                                 |                              | $                                     | 10,517  |         |                         | $ | 12,227  |             |  | $ | 31,620      |         |  | $ | 40,306    |        
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|Basic earnings per share:                  |                              |                                       |         |         |                         |   |         |             |  |   |             |         |  |   |           |        
|                                           | Net income per share         |                                       | $       | 0.24    |                         |   | $       | 0.27        |  |   | $           | 0.71    |  |   | $         | 0.88    | 
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|Shares used in computing per share amounts |                              |                                       | 43,787  |         |                         |   | 45,126  |             |  |   | 44,683      |         |  |   | 45,939    |        
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|Diluted earnings per share:                |                              |                                       |         |         |                         |   |         |             |  |   |             |         |  |   |           |        
|                                           | Net income per share         |                                       | $       | 0.24    |                         |   | $       | 0.27        |  |   | $           | 0.70    |  |   | $         | 0.87    | 
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        
|Shares used in computing per share amounts |                              |                                       | 44,121  |         |                         |   | 45,269  |             |  |   | 45,049      |         |  |   | 46,211    |        
|                                           |                              |                                       |         |         |                         |   |         |             |  |   |             |        



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CSK AUTO CORPORATION AND SUBSIDIARIES





CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY


|                                                                            |  |                                   |            |   |            |   |     |          |  |   |              |   |  |             |        |   |         |   |     |        |  |   |          |   |  |   |         |  
|--------------------------------------------------------------------------- |  | --------------------------------- | ---------- | - | ---------- | - | --- | -------- |  | - | ------------ | - |  | ----------- | ------ | - | ------- | - | --- | ------ |  | - | -------- | - |  | - | ------- | -
|                                                                            |  | Common Stock                      |            |   | Additional |   |     |          |  |   |              |   |  |            
|                                                                            |  |                                   |            |   | Paid-In    |   |     | Deferred |  |   | Stockholder  |   |  | Accumulated |        |   | Total   |  
|                                                                            |  | Shares                            |            |   | Amount     |   |     | Capital  |  |   | Compensation |   |  | Receivable  |        |   | Deficit |   |     | Equity | 
|                                                                            |  |                                   |            |   |            |   |     |          |  |   |              |   |  |             |        |   |         |   |     |        | 
|                                                                            |  | (Unaudited)                       |           
|                                                                            |  | (In thousands, except share data) |           
|Balances at January 30, 2005                                                |  |                                   | 45,116,301 |   |            | $ | 451 |          |  | $ | 446,537      |   |  | $           | (1,018 | ) |         | $ | (10 | )      |  | $ | (231,676 | ) |  | $ | 214,284 |  
|Exercise of options                                                         |  |                                   | 81,336     |   |            |   | 1   |          |  |   | 829          |   |  |             |       |   |         |   |    |        |  |   |         |   |  |   | 830     |  
|Purchase of call options on common stock, net of tax benefit of
    $10,609 |  |                                   |           |   |            |   |    |          |  |   | (16,383      | ) |  |             |       |   |         |   |    |        |  |   |         |   |  |   | (16,383 | )
|Sale of common stock warrants                                               |  |                                   |           |   |            |   |    |          |  |   | 17,820       |   |  |             |       |   |         |   |    |        |  |   |         |   |  |   | 17,820  |  
|Tax benefit relating to common stock option exercises                       |  |                                   |           |   |            |   |    |          |  |   | 216          |   |  |             |       |   |         |   |    |        |  |   |         |   |  |   | 216     |  
|Restricted stock                                                            |  |                                   | 17,822     |   |            |   |    |          |  |   | 906          |   |  |             | (1,035 | ) |         |   |    |        |  |   |         |   |  |   | (129    | )
|Amortization of deferred compensation                                       |  |                                   |           |   |            |   |    |          |  |   |             |   |  |             | 385    |   |         |   |    |        |  |   |         |   |  |   | 385     |  
|Repurchase and retirement of common stock                                   |  |                                   | (1,409,300 | ) |            |   | (14 | )        |  |   | (25,015      | ) |  |             |       |   |         |   |    |        |  |   |         |   |  |   | (25,029 | )
|Recovery of stockholder receivable                                          |  |                                   |           |   |            |   |    |          |  |   |             |   |  |             |       |   |         |   | 10  |        |  |   |         |   |  |   | 10      |  
|Net income                                                                  |  |                                   |           |   |            |   |    |          |  |   |             |   |  |             |       |   |         |   |    |        |  |   | 31,620   |   |  |   | 31,620  |  
|                                                                            |  |                                   |            |   |            |   |     |          |  |   |              |   |  |             |        |   |         |   |     |        | 
|Balance at October 30, 2005                                                 |  |                                   | 43,806,159 |   |            | $ | 438 |          |  | $ | 424,910      |   |  | $           | (1,668 | ) |         | $ |    |        |  | $ | (200,056 | ) |  | $ | 223,624 |  
|                                                                            |  |                                   |            |   |            |   |     |          |  |   |              |   |  |             |        |   |         |   |     |        | 



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CSK AUTO CORPORATION AND SUBSIDIARIES





CONSOLIDATED STATEMENTS OF CASH FLOWS


|                                               |                                                                                       |                                                            |                                                                 |          |             |         |        |         |         |         |  
|---------------------------------------------- | ------------------------------------------------------------------------------------- | ---------------------------------------------------------- | --------------------------------------------------------------- | -------- | ----------- | ------- | ------ | ------- | ------- | ------- | -
|                                               |                                                                                       | Thirty-Nine Weeks Ended                                    |                                                                
|                                               |                                                                                       |                                                            |                                                                
|                                               |                                                                                       | October 30,                                                |                                                                 |          | October 31, |        
|                                               |                                                                                       | 2005                                                       |                                                                 |          | 2004        |        
|                                               |                                                                                       |                                                            |                                                                 |          |             |        
|                                               |                                                                                       | (Unaudited)                                                |                                                                
|                                               |                                                                                       | (In thousands)                                             |                                                                
|Cash flows from operating activities:          |                                                                                       |                                                            |                                                                 |          |             |         |        |        
|                                               | Net income                                                                            |                                                            | $                                                               | 31,620   |             |         | $      | 40,306  |        
|                                               | Adjustments to reconcile net income to net cash provided by
    operating activities: |                                                            |                                                                 |          |             |         |        |         |        
|                                               |                                                                                       | Depreciation and amortization of property and equipment    |                                                                 |          | 22,357      |         |        |         | 23,335  |        
|                                               |                                                                                       | Amortization and accretion of financing items              |                                                                 |          | 1,497       |         |        |         | 1,418   |        
|                                               |                                                                                       | Amortization of other items                                |                                                                 |          | 3,065       |         |        |         | 3,208   |        
|                                               |                                                                                       | Losses on disposal of property, equipment and other assets |                                                                 |          | 488         |         |        |         | 555     |        
|                                               |                                                                                       | Loss on debt retirement                                    |                                                                 |          | 1,600       |         |        |         |        |        
|                                               |                                                                                       | Tax benefit relating to stock option exercises             |                                                                 |          | 216         |         |        |         | 190     |        
|                                               |                                                                                       | Deferred income taxes                                      |                                                                 |          | 18,053      |         |        |         | 24,253  |        
|                                               |                                                                                       | Change in operating assets and liabilities:                |                                                                 |          |             |         |        |         |         |        
|                                               |                                                                                       |                                                            | Receivables                                                     |          |             | 31,155  |        |         |         | 10,548  |  
|                                               |                                                                                       |                                                            | Inventories                                                     |          |             | (31,288 | )      |         |         | (36,804 | )
|                                               |                                                                                       |                                                            | Prepaid expenses and other current assets                       |          |             | 4,339   |        |         |         | 642     |  
|                                               |                                                                                       |                                                            | Accounts payable                                                |          |             | 25,742  |        |         |         | 3,933   |  
|                                               |                                                                                       |                                                            | Accrued payroll, accrued expenses and other current liabilities |          |             | 17,276  |        |         |         | 2,396   |  
|                                               |                                                                                       |                                                            | Other operating activities                                      |          |             | 1,089   |        |         |         | 441     |  
|                                               |                                                                                       |                                                            |                                                                 |          |             |        
|                                               |                                                                                       | Net cash provided by operating activities                  |                                                                 |          | 127,209     |         |        |         | 74,421  |        
|                                               |                                                                                       |                                                            |                                                                 |          |             |        
|Cash flows used in investing activities:       |                                                                                       |                                                            |                                                                 |          |             |         |        |        
|                                               | Capital expenditures                                                                  |                                                            |                                                                 | (24,322  | )           |         |        | (18,770 | )      
|                                               | Other investing activities                                                            |                                                            |                                                                 | (1,062   | )           |         |        | (2,366  | )      
|                                               |                                                                                       |                                                            |                                                                 |          |             |        
|                                               |                                                                                       | Net cash used in investing activities                      |                                                                 |          | (25,384     | )       |        |         | (21,136 | )      
|                                               |                                                                                       |                                                            |                                                                 |          |             |        
|Cash flows used in financing activities:       |                                                                                       |                                                            |                                                                 |          |             |         |        |        
|                                               | Borrowings under senior credit facility                                               |                                                            |                                                                 | 144,000  |             |         |        | 20,600  |        
|                                               | Payments under senior credit facility                                                 |                                                            |                                                                 | (366,450 | )           |         |        | (21,875 | )      
|                                               | Proceeds from exchangeable senior notes                                               |                                                            |                                                                 | 125,000  |             |         |        |        |        
|                                               | Payment of debt issuance costs                                                        |                                                            |                                                                 | (6,280   | )           |         |        | (1,192  | )      
|                                               | Payments on capital lease obligations                                                 |                                                            |                                                                 | (5,227   | )           |         |        | (11,093 | )      
|                                               | Proceeds from seller financing arrangements                                           |                                                            |                                                                 | 3,720    |             |         |        | 1,175   |        
|                                               | Payments on seller financing arrangements                                             |                                                            |                                                                 | (264     | )           |         |        | (162    | )      
|                                               | Proceeds from repayment of stockholder receivable                                     |                                                            |                                                                 | 10       |             |         |        | 8       |        
|                                               | Proceeds from exercise of stock options                                               |                                                            |                                                                 | 830      |             |         |        | 621     |        
|                                               | Repurchase of common stock                                                            |                                                            |                                                                 | (25,029  | )           |         |        | (23,726 | )      
|                                               | Purchase of call options on common stock                                              |                                                            |                                                                 | (26,992  | )           |         |        |        |        
|                                               | Sale of common stock warrants                                                         |                                                            |                                                                 | 17,820   |             |         |        |        |        
|                                               | Other financing activities                                                            |                                                            |                                                                 | (224     | )           |         |        | (189    | )      
|                                               |                                                                                       |                                                            |                                                                 |          |             |        
|                                               |                                                                                       | Net cash used in financing activities                      |                                                                 |          | (139,086    | )       |        |         | (35,833 | )      
|                                               |                                                                                       |                                                            |                                                                 |          |             |        
|                                               |                                                                                       | Net (decrease) increase in cash and cash equivalents       |                                                                 |          | (37,261     | )       |        |         | 17,452  |        
|Cash and cash equivalents, beginning of period |                                                                                       |                                                            | 56,548                                                          |          |             |         | 37,221 |        
|                                               |                                                                                       |                                                            |                                                                 |          |             |        
|Cash and cash equivalents, end of period       |                                                                                       | $                                                          | 19,287                                                          |          |             | $       | 54,673 |        
|                                               |                                                                                       |                                                            |                                                                 |          |             |        



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CSK AUTO CORPORATION AND SUBSIDIARIES





NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


Thirteen and Thirty-Nine Weeks Ended October 30, 2005








|         |                      
|-------- | ---------------------
|Note 1  | Basis of Presentation









|         |                                 
|-------- | --------------------------------
|Note 2  | Recent Accounting Pronouncements



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)










|         |            
|-------- | -----------
|Note 3  | Inventories





|                                  |  |             |         |   |             |   |         |  
|--------------------------------- |  | ----------- | ------- | - | ----------- | - | ------- | -
|                                  |  | October 30, |         |   | January 30, |  
|                                  |  | 2005        |         |   | 2005(1)     |  
|                                  |  |             |         |   |             |  
|FIFO cost                         |  | $           | 596,021 |   |             | $ | 563,958 |  
|Administrative and overhead costs |  |             | 43,932  |   |             |   | 39,766  |  
|Vendor allowances                 |  |             | (60,065 | ) |             |   | (57,425 | )
|Shrinkage                         |  |             | (16,075 | ) |             |   | (13,079 | )
|Obsolescence                      |  |             | (774    | ) |             |   | (1,469  | )
|                                  |  |             |         |   |             |  
|Net inventory                     |  | $           | 563,039 |   |             | $ | 531,751 |  
|                                  |  |             |         |   |             |  






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Amounts are different from those disclosed in our 2004 Annual
    Report due to the reclassification of store operating supplies
    in the amount of approximately $6.6 million as of
    January 30, 2005. In addition, FIFO cost, capitalized
    administration and overhead costs and vendor allowance amounts
    have been revised from those previously reported in our 2004
    Annual Report to reflect the correct balances for capitalized
    administrative and overhead costs and vendor allowances. The net
    effect of the correction was a $1.0 million reduction in
    FIFO cost which was recorded in cost of sales in the first
    quarter of 2005.

8



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##### Table of Contents



CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)




|         |                    
|-------- | -------------------
|Note 4  | Store Closing Costs











|                               |                                          |                |                          |        |        |       | 
|------------------------------ | ---------------------------------------- | -------------- | ------------------------ | ------ | ------ | ----- | 
|Balance, beginning of year     |                                          | $              | 7,883                    |       
|Store closing costs:           |                                          |                |                          |       
|                               | Provision for store closing costs        |                |                          | 122    |       
|                               | Revisions in estimates                   |                |                          | 888    |       
|                               | Accretion                                |                |                          | 314    |       
|                               | Operating expenses and other             |                |                          | 555    |       
|                               |                                          |                |                         
|                               |                                          |                | Store closing costs, net |        |        | 1,879 | 
|                               |                                          |                |                         
|Payments:                      |                                          |                |                          |       
|                               | Rent expense, net of sublease recoveries |                |                          | (1,697 | )     
|                               | Occupancy and other expenses             |                |                          | (564   | )     
|                               | Sublease commissions and buyouts         |                |                          | (381   | )     
|                               |                                          |                |                         
|                               |                                          | Total payments |                          |        | (2,642 | )    
|                               |                                          |                |                         
|Balance as of October 30, 2005 |                                          | $              | 7,120                    |       
|                               |                                          |                |                         

9



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)






|         |               
|-------- | --------------
|Note 5  | Long-Term Debt



| |                    
| | -------------------
| | Recent Transactions









| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | During any fiscal quarter (and only during that fiscal quarter)
    commencing after July 31, 2005, if the last reported sale
    price of CSK Auto Corporations common stock is greater
    than or equal to 130% of the exchange price (or approximately
    $30.02 per share) for at least 20 trading days in the
    period of 30 consecutive trading days ending on the last
    trading day of the preceding fiscal quarter;
|
| |  | If the Senior Notes have been called for redemption by
    Auto; or                                                                                                                                                                                                                                                                                                                                                                
|
| |  | Upon the occurrence of specified corporate transactions, such as
    a change in control, as described in the indenture governing the
    Senior Notes.                                                                                                                                                                                                                                                                            

10



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##### Table of Contents



CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)












11



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)








|                                                      |                                                  |             |         |     |             |   |         |     | 
|----------------------------------------------------- | ------------------------------------------------ | ----------- | ------- | --- | ----------- | - | ------- | --- | 
|                                                      |                                                  | October 30, |         |     | January 30, |  
|                                                      |                                                  | 2005        |         |     | 2005        |  
|                                                      |                                                  |             |         |     |             |  
|Senior credit facility                                |                                                  | $           | 30,000  |     |             | $ | 252,450 |    
|7% senior subordinated notes                          |                                                  |             | 217,514 |     |             |   | 220,519 |    
|3.375% exchangeable senior notes                      |                                                  |             | 125,000 |     |             |   |        |    
|Seller financing arrangements                         |                                                  |             | 10,873  |     |             |   | 7,417   |    
|                                                      |                                                  |             |         |     |             |  
|Total debt                                            |                                                  |             | 383,387 |     |             |   | 480,386 |    
|Less: Current maturities under senior credit facility |                                                  |             |        |     |             |   | 2,550   |    
|                                                      | Current portion of seller financing arrangements |             |         | 423 |             |   |         | 268 | 
|                                                      |                                                  |             |         |     |             |  
|Total long-term debt                                  |                                                  | $           | 382,964 |     |             | $ | 477,568 |    
|                                                      |                                                  |             |         |     |             |  





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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)




|         |                   
|-------- | ------------------
|Note 6  | Earnings Per Share



|                                              |                                               |                      |   |        |                         |  |   |             |  |  |             |        |  |  |   |        | 
|--------------------------------------------- | --------------------------------------------- | -------------------- | - | ------ | ----------------------- |  | - | ----------- |  |  | ----------- | ------ |  |  | - | ------ | 
|                                              |                                               | Thirteen Weeks Ended |   |        | Thirty-Nine Weeks Ended | 
|                                              |                                               |                      |   |        |                         | 
|                                              |                                               | October 30,          |   |        | October 31,             |  |   | October 30, |  |  | October 31, |       
|                                              |                                               | 2005                 |   |        | 2004                    |  |   | 2005        |  |  | 2004        |       
|                                              |                                               |                      |   |        |                         |  |   |             |  |  |             |       
|Numerator for basic and diluted EPS:          |                                               |                      |   |        |                         |  |   |             |  |  |             |        |  |  |   |       
|                                              | Net income                                    |                      | $ | 10,517 |                         |  | $ | 12,227      |  |  | $           | 31,620 |  |  | $ | 40,306 | 
|                                              |                                               |                      |   |        |                         |  |   |             |  |  |             |       
|Denominator for basic EPS:                    |                                               |                      |   |        |                         |  |   |             |  |  |             |        |  |  |   |       
|                                              | Weighted average shares outstanding (basic)   |                      |   | 43,787 |                         |  |   | 45,126      |  |  |             | 44,683 |  |  |   | 45,939 | 
|                                              |                                               |                      |   |        |                         |  |   |             |  |  |             |       
|Denominator for diluted EPS:                  |                                               |                      |   |        |                         |  |   |             |  |  |             |        |  |  |   |       
|                                              | Weighted average shares outstanding (basic)   |                      |   | 43,787 |                         |  |   | 45,126      |  |  |             | 44,683 |  |  |   | 45,939 | 
|                                              | Effect of dilutive securities:                |                      |   | 334    |                         |  |   | 143         |  |  |             | 366    |  |  |   | 272    | 
|                                              |                                               |                      |   |        |                         |  |   |             |  |  |             |       
|                                              | Weighted average shares outstanding (diluted) |                      |   | 44,121 |                         |  |   | 45,269      |  |  |             | 45,049 |  |  |   | 46,211 | 
|                                              |                                               |                      |   |        |                         |  |   |             |  |  |             |       
|Shares excluded as a result of anti-dilution: |                                               |                      |   |        |                         |  |   |             |  |  |             |        |  |  |   |       
|                                              | Stock options                                 |                      |   | 1,066  |                         |  |   | 1,839       |  |  |             | 374    |  |  |   | 482    | 



13



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)




|         |                         
|-------- | ------------------------
|Note 7  | Stock Based Compensation



|                                                                                                                                                   |             |                      |        |      |                         |   |        |             |  |   |             |      |  |   |        |      | 
|-------------------------------------------------------------------------------------------------------------------------------------------------- | ----------- | -------------------- | ------ | ---- | ----------------------- | - | ------ | ----------- |  | - | ----------- | ---- |  | - | ------ | ---- | 
|                                                                                                                                                   |             | Thirteen Weeks Ended |        |      | Thirty-Nine Weeks Ended |  
|                                                                                                                                                   |             |                      |        |      |                         |  
|                                                                                                                                                   |             | October 30,          |        |      | October 31,             |   |        | October 30, |  |   | October 31, |     
|                                                                                                                                                   |             | 2005                 |        |      | 2004                    |   |        | 2005        |  |   | 2004        |     
|                                                                                                                                                   |             |                      |        |      |                         |   |        |             |  |   |             |     
|Net income                                                                                                                                         |             | $                    | 10,517 |      |                         | $ | 12,227 |             |  | $ | 31,620      |      |  | $ | 40,306 |     
|Add: Stock-based employee compensation expense included in
    reported net income, net of related income taxes                                    |             |                      | 104    |      |                         |   | 24     |             |  |   | 235         |      |  |   | 24     |     
|Less: Total stock-based employee compensation expense determined
    under fair value based method for all awards, net of related
    income taxes |             |                      | (667   | )    |                         |   | (224   | )           |  |   | (1,682      | )    |  |   | (557   | )   
|                                                                                                                                                   |             |                      |        |      |                         |   |        |             |  |   |             |     
|Net income  pro forma                                                                                                                             |             | $                    | 9,954  |      |                         | $ | 12,027 |             |  | $ | 30,173      |      |  | $ | 39,773 |     
|                                                                                                                                                   |             |                      |        |      |                         |   |        |             |  |   |             |     
|Earnings per share  basic:                                                                                                                        |             |                      |        |      |                         |   |        |             |  |   |             |      |  |   |        |     
|                                                                                                                                                   | As reported |                      | $      | 0.24 |                         |   | $      | 0.27        |  |   | $           | 0.71 |  |   | $      | 0.88 | 
|                                                                                                                                                   | Pro forma   |                      | $      | 0.23 |                         |   | $      | 0.27        |  |   | $           | 0.68 |  |   | $      | 0.87 | 
|Earnings per share  diluted:                                                                                                                      |             |                      |        |      |                         |   |        |             |  |   |             |      |  |   |        |     
|                                                                                                                                                   | As reported |                      | $      | 0.24 |                         |   | $      | 0.27        |  |   | $           | 0.70 |  |   | $      | 0.87 | 
|                                                                                                                                                   | Pro forma   |                      | $      | 0.23 |                         |   | $      | 0.27        |  |   | $           | 0.68 |  |   | $      | 0.86 | 



| |                       
| | ----------------------
| | Note 8  Legal Matters





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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)












|         |                 
|-------- | ----------------
|Note 9  | Subsequent Event



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CSK AUTO CORPORATION AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS  (Continued)









|        |                                                                                          
|------- | -----------------------------------------------------------------------------------------
|Item 2. | Managements Discussion and Analysis of Financial
    Condition and Results of Operations

Overview
















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##### Table of Contents







Results of Operations




|                             |  |                      |       |   |                         |  |       |             |  |  |             |   |  |  |       |  
|---------------------------- |  | -------------------- | ----- | - | ----------------------- |  | ----- | ----------- |  |  | ----------- | - |  |  | ----- | -
|                             |  | Thirteen Weeks Ended |       |   | Thirty-Nine Weeks Ended | 
|                             |  |                      |       |   |                         | 
|                             |  | October 30,          |       |   | October 31,             |  |       | October 30, |  |  | October 31, |  
|                             |  | 2005                 |       |   | 2004                    |  |       | 2005        |  |  | 2004        |  
|                             |  |                      |       |   |                         |  |       |             |  |  |             |  
|Net sales                    |  |                      | 100.0 | % |                         |  | 100.0 | %           |  |  | 100.0       | % |  |  | 100.0 | %
|Cost of sales                |  |                      | 53.9  |   |                         |  | 53.2  |             |  |  | 54.2        |   |  |  | 52.7  |  
|                             |  |                      |       |   |                         |  |       |             |  |  |             |  
|Gross profit                 |  |                      | 46.1  |   |                         |  | 46.8  |             |  |  | 45.8        |   |  |  | 47.3  |  
|Operating and administrative |  |                      | 39.8  |   |                         |  | 39.6  |             |  |  | 39.3        |   |  |  | 39.6  |  
|Store closing costs          |  |                      | 0.2   |   |                         |  | 0.1   |             |  |  | 0.1         |   |  |  | 0.1   |  
|                             |  |                      |       |   |                         |  |       |             |  |  |             |  
|Operating profit             |  |                      | 6.1   |   |                         |  | 7.1   |             |  |  | 6.4         |   |  |  | 7.6   |  
|Interest expense, net        |  |                      | 1.9   |   |                         |  | 2.1   |             |  |  | 2.0         |   |  |  | 2.1   |  
|Loss on debt retirement      |  |                      |      |   |                         |  |      |             |  |  | 0.1         |   |  |  |      |  
|                             |  |                      |       |   |                         |  |       |             |  |  |             |  
|Income before income taxes   |  |                      | 4.2   |   |                         |  | 5.0   |             |  |  | 4.3         |   |  |  | 5.5   |  
|Income tax expense           |  |                      | 1.6   |   |                         |  | 2.0   |             |  |  | 1.7         |   |  |  | 2.2   |  
|                             |  |                      |       |   |                         |  |       |             |  |  |             |  
|Net income                   |  |                      | 2.6   | % |                         |  | 3.0   | %           |  |  | 2.6         | % |  |  | 3.3   | %
|                             |  |                      |       |   |                         |  |       |             |  |  |             |  

Thirteen Weeks Ended October 30, 2005 Compared to
Thirteen Weeks Ended October 31, 2004








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Thirty-Nine Weeks Ended October 30, 2005 Compared to
Thirty-Nine Weeks Ended October 31, 2004
















Liquidity and Capital Resources




| |                    
| | -------------------
| | Recent Transactions



18



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##### Table of Contents











| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | During any fiscal quarter (and only during that fiscal quarter)
    commencing after July 31, 2005, if the last reported sale
    price of CSK Auto Corporations common stock is greater
    than or equal to 130% of the exchange price (or approximately
    $30.02 per share) for at least 20 trading days in the
    period of 30 consecutive trading days ending on the last
    trading day of the preceding fiscal quarter;
|
| |  | If the Senior Notes have been called for redemption by
    Auto; or                                                                                                                                                                                                                                                                                                                                                                
|
| |  | Upon the occurrence of specified corporate transactions, such as
    a change in control, as described in the indenture governing the
    Senior Notes.                                                                                                                                                                                                                                                                            







19



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20



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##### Table of Contents



Overview of Liquidity




|                                              |  |             |         |  |             |   |         | 
|--------------------------------------------- |  | ----------- | ------- |  | ----------- | - | ------- | 
|                                              |  | October 30, |         |  | January 30, |  
|                                              |  | 2005        |         |  | 2005        |  
|                                              |  |             |         |  |             |  
|Cash                                          |  | $           | 19,287  |  |             | $ | 56,548  | 
|Availability under our senior credit facility |  | $           | 190,441 |  |             | $ | 114,035 | 
|Working capital                               |  | $           | 353,399 |  |             | $ | 447,798 | 









|                               |  |                             |           |  |         |   |        |             |  |   |             |  |  |            |         |  |  |   |         | 
|------------------------------ |  | --------------------------- | --------- |  | ------- | - | ------ | ----------- |  | - | ----------- |  |  | ---------- | ------- |  |  | - | ------- | 
|                               |  | Payments Due by Fiscal Year |          
|                               |  |                             |          
|Contractual Obligation         |  | Total                       |           |  | 2005(1) |   |        | 2006  2007 |  |   | 2008  2009 |  |  | Thereafter |        
|                               |  |                             |           |  |         |   |        |             |  |   |             |  |  |            |        
|Long-term debt(2)              |  | $                           | 390,874   |  |         | $ | 96     |             |  | $ | 1,030       |  |  | $          | 1,098   |  |  | $ | 388,650 | 
|Interest on long-term debt(2)  |  |                             | 174,505   |  |         |   | 5,966  |             |  |   | 47,506      |  |  |            | 47,072  |  |  |   | 73,961  | 
|Capital lease obligations      |  |                             | 13,274    |  |         |   | 1,496  |             |  |   | 8,717       |  |  |            | 1,731   |  |  |   | 1,330   | 
|Operating lease obligations(3) |  |                             | 642,298   |  |         |   | 30,677 |             |  |   | 223,619     |  |  |            | 150,795 |  |  |   | 237,207 | 
|Other(4)                       |  |                             | 82,067    |  |         |   | 4,684  |             |  |   | 37,470      |  |  |            | 37,470  |  |  |   | 2,443   | 
|                               |  |                             |           |  |         |   |        |             |  |   |             |  |  |            |        
|Total contractual obligations  |  | $                           | 1,303,018 |  |         | $ | 42,919 |             |  | $ | 318,342     |  |  | $          | 238,166 |  |  | $ | 703,591 | 
|                               |  |                             |           |  |         |   |        |             |  |   |             |  |  |            |        






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Represents the period from October 31, 2005 to
    January 29, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|(2) | Change from our 2004 Annual Report due primarily to our 2005
    Refinancing. Interest on our new Senior Notes was calculated for
    five years only. Our $125.0 million Senior Notes were
    assumed to be redeemed in cash in August 2010. Our
    $30.0 million revolver balance outstanding as of
    October 30, 2005 was assumed to be outstanding until the
    July 2010 termination date of the new senior credit facility.
    Interest on the revolver balance was calculated at the current
    rate of 5.00%.

21



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|    |                                                                                                                                                                      
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(3) | Operating lease obligations are not reduced to reflect sublease
    income. Changes from our 2004 Annual Report due primarily to new
    stores and lease extensions.
|   
|(4) | Includes service contracts and other obligations.                                                                                                                    



Analysis of Cash Flows








Store Closures








22



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##### Table of Contents







|                               |                                          |                |                          |        |        |       | 
|------------------------------ | ---------------------------------------- | -------------- | ------------------------ | ------ | ------ | ----- | 
|Balance, beginning of year     |                                          | $              | 7,883                    |       
|Store closing costs:           |                                          |                |                          |       
|                               | Provision for store closing costs        |                |                          | 122    |       
|                               | Revisions in estimates                   |                |                          | 888    |       
|                               | Accretion                                |                |                          | 314    |       
|                               | Operating expenses and other             |                |                          | 555    |       
|                               |                                          |                |                         
|                               |                                          |                | Store closing costs, net |        |        | 1,879 | 
|                               |                                          |                |                         
|Payments:                      |                                          |                |                          |       
|                               | Rent expense, net of sublease recoveries |                |                          | (1,697 | )     
|                               | Occupancy and other expenses             |                |                          | (564   | )     
|                               | Sublease commissions and buyouts         |                |                          | (381   | )     
|                               |                                          |                |                         
|                               |                                          | Total payments |                          |        | (2,642 | )    
|                               |                                          |                |                         
|Balance as of October 30, 2005 |                                          | $              | 7,120                    |       
|                               |                                          |                |                         



Factors Affecting Liquidity and Capital Resources


Sales Trends




Inflation




Debt Covenants




23



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##### Table of Contents





Interest Rates






Critical Accounting Matters




Recent Accounting Pronouncements








24



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Forward-looking Statements









|        |                                                               
|------- | --------------------------------------------------------------
|Item 3. | Quantitative and Qualitative Disclosures about Market
    Risk








|        |                        
|------- | -----------------------
|Item 4. | Controls and Procedures

Evaluation of Effectiveness of Disclosure Controls and
Procedures








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##### Table of Contents







Changes in Internal Control over Financial Reporting







PART II


OTHER INFORMATION







|        |                  
|------- | -----------------
|Item 1. | Legal Proceedings









26



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##### Table of Contents














|        |                                                                                                     
|------- | ----------------------------------------------------------------------------------------------------
|Item 2. | Unregistered Sales of Securities and Use of Proceeds and
    Issuer Repurchases of Equity Securities



|                                    |  |                                         |       |                    |            |   |                 |                     |  |  |                    |  |  |   |   | 
|----------------------------------- |  | --------------------------------------- | ----- | ------------------ | ---------- | - | --------------- | ------------------- |  |  | ------------------ |  |  | - | - | 
|                                    |  | Issuer Repurchases of Equity Securities
|                                    |  |                                        
|                                    |  |                                         |       | Approximate Dollar
|                                    |  |                                         |       | Value of Shares   
|                                    |  |                                         |       | Total Number of    |            |   | That May yet be
|                                    |  | Total Number                            |       |                    | Average    |   |                 | Shares Purchased as |  |  | Purchased Under   
|                                    |  | of Shares                               |       |                    | Price Paid |   |                 | Part of Publicly    |  |  | Publicly Announced
|                                    |  | Purchased(1)                            |       |                    | per Share  |   |                 | Announced Plan      |  |  | Plan              
|                                    |  |                                         |       |                    |            |   |                 |                     |  |  |                   
|July 31, 2005 to August 27, 2005    |  |                                         |      |                    |            | $ |                |                     |  |  |                   |  |  | $ |  | 
|August 28, 2005 to October 1, 2005  |  |                                         |      |                    |            |   |                |                     |  |  |                   |  |  |   |  | 
|October 2, 2005 to October 30, 2005 |  |                                         | 9,010 |                    |            |   | 14.40           |                     |  |  |                   |  |  |   |  | 
|                                    |  |                                         |       |                    |            |   |                 |                     |  |  |                    | 
|Total                               |  |                                         | 9,010 |                    |            | $ | 14.40           |                     |  |  |                   |  |  | $ |  | 
|                                    |  |                                         |       |                    |            |   |                 |                     |  |  |                    | 






|    |                                                                                                                                                                                                                                   
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Includes 9,010 shares of restricted stock repurchased and
    retired in connection with employee tax withholding obligations
    under employee compensation plans, which are not purchases under
    the Companys 2004 Program.

27



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|        |         
|------- | --------
|Item 6. | Exhibits

EXHIBIT INDEX


|        |    |             |  |                                                                                                                                                                                                                                                                                                                                                                                  
|------- | -- | ----------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |            
|Number  |    | Description
|        |    |            
|        | 2  | .01         |  | Agreement and Plan of Merger, dated as of November 30,
    2005, among CSK Auto Corporation, Fastlane Merger Corp.,
    Murrays Inc., the sellers named therein, and J.W. Childs
    Associates, L.P., as seller representative, incorporated herein
    by reference to Exhibit 2.01 of our Current Report on
    Form 8-K, filed on December 1, 2005 (File
    No. 001-13927).
|       
|        | 3  | .01         |  | Restated Certificate of Incorporation of CSK Auto Corporation,
    incorporated herein by reference to Exhibit 3.01 of our
    Annual Report on Form 10-K, filed on May 4, 1998 (File
    No. 001-13927).                                                                                                                                                                        
|       
|        | 3  | .02         |  | Certificate of Correction to the Restated Certificate of
    Incorporation of CSK Auto Corporation, incorporated herein by
    reference to Exhibit 3.02 of our Annual Report on
    Form 10-K, filed on May 4, 1998 (File
    No. 001-13927).                                                                                                                                   
|       
|        | 3  | .03         |  | Certificate of Amendment of the Restated Certificate of
    Incorporation of CSK Auto Corporation, incorporated herein by
    reference to Exhibit 3.02.1 of our Quarterly Report on
    Form 10-Q, filed on September 18, 2002 (File
    No. 001-13927).                                                                                                                        
|       
|        | 3  | .04*        |  | Second Certificate of Amendment of the Restated Certificate of
    Incorporation of CSK Auto Corporation.                                                                                                                                                                                                                                                                        
|       
|        | 3  | .05         |  | Amended and Restated By-laws of the Company, incorporated herein
    by reference to Exhibit 3.03 of our Annual Report on
    Form 10-K, filed on April 28, 1999 (File
    No. 001-13927).                                                                                                                                                                                       
|       
|        | 3  | .06         |  | First Amendment to Amended and Restated By-laws of CSK Auto
    Corporation, incorporated herein by reference to
    Exhibit 3.03.1 of our Annual Report on Form 10-K,
    filed on May 1, 2001 (File No. 001-13927).                                                                                                                                                            
|       
|        | 3  | .07         |  | Second Amendment to Amended and Restated By-laws of CSK Auto
    Corporation, incorporated herein by reference to
    Exhibit 3.03.2 of our Quarterly Report on Form 10-Q,
    filed on June 14, 2004 (File No. 001-13927).                                                                                                                                                      
|       
|        | 4  | .01         |  | Form of Common Stock certificate, incorporated herein by
    reference to our Registration Statement on Form S-1/ A,
    filed on March 3, 1998 (File No. 333-43211).                                                                                                                                                                                                            
|       
|        | 4  | .02         |  | Indenture dated January 16, 2004, by and among CSK Auto,
    Inc., CSK Auto Corporation, Automotive Information Systems, Inc.
    and CSKAUTO.COM, Inc. as guarantors, and the Bank of New York,
    as Trustee, incorporated herein by reference to
    Exhibit 99.3 of our Current Report on Form 8-K filed
    on January 20, 2004 (File No. 001-13927).                      
|       
|        | 4  | .03         |  | Indenture, dated as of July 29, 2005, among CSK Auto, Inc.,
    CSK Auto Corporation, CSKAUTO.COM, Inc. and The Bank of New York
    Trust Company, N.A., as trustee (including form of note),
    incorporated herein by reference to Exhibit 4.1 of our
    Current Report on Form 8-K, filed on July 29, 2005
    (File No. 001-13927).                                       
|       
|        | 10 | .01         |  | Second Amended and Restated Credit Agreement, dated
    July 25, 2005, among CSK Auto, Inc., the lenders from time
    to time parties thereto and JPMorgan Chase Bank, N.A., as
    administrative agent, incorporated herein by reference to
    Exhibit 10.1 of our Current Report on Form 8-K, filed
    on July 29, 2005 (File No. 001-13927).                              
|       
|        | 10 | .02         |  | Amended and Restated Guarantee and Collateral Agreement, dated
    July 29, 2005, among CSK Auto, Inc., CSKAUTO.COM, Inc.
    CSK Auto Corporation, and JPMorgan Chase Bank, N.A., as
    administrative agent, incorporated herein by reference to
    Exhibit 10.2 of our Current Report on Form 8-K, filed
    on July 29, 2005 (File No. 001-13927).                         
|       
|        | 10 | .03         |  | Registration Rights Agreement, dated July 29, 2005, among
    CSK Auto, Inc., CSK Auto Corporation, CSKAUTO.COM, Inc. and the
    initial purchasers listed therein, incorporated herein by
    reference to Exhibit 10.3 of our Current Report on
    Form 8-K, filed on July 29, 2005 (File
    No. 001-13927).                                                                

28



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##### Table of Contents



|        |    |             |  |                                                                                                                                                                                                                                           
|------- | -- | ----------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |            
|Number  |    | Description
|        |    |            
|       
|        | 10 | .04         |  | 2004 Stock and Incentive Plan (as amended and restated effective
    as of January 1, 2005), incorporated herein by reference to
    Exhibit 10.7 of our Current Report on Form 8-K, filed
    on September 26, 2005 (File No. 001-13927).
|       
|        | 10 | .05*        |  | Severance and Retention Agreement between CSK Auto, Inc. and
    James B. Riley, dated October 24, 2005.                                                                                                                                  
|       
|        | 31 | .1*         |  | Certification by the Chief Executive Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                               
|       
|        | 31 | .2*         |  | Certification by the Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                               
|       
|        | 32 | .0*         |  | Certification by the Chief Executive Officer and Chief Financial
    Officer pursuant to 18 U.S.C. Section 1350, as adopted
    pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                






|  |               
|- | --------------
|* | Filed herewith

29



---



##### Table of Contents






SIGNATURE






| |                     
| | --------------------
| | CSK Auto Corporation



| |     |                   
| | --- | ------------------
| | By: | /s/ JAMES B. RILEY

| |                            
| | ---------------------------
| |                            
| | James B. Riley             
| | Chief Financial Officer and
| | Duly Authorized Officer    

30



---



##### Table of Contents



EXHIBIT INDEX


|        |    |             |  |                                                                                                                                                                                                                                                                                                                                                                                  
|------- | -- | ----------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit |    |            
|Number  |    | Description
|        |    |            
|        | 2  | .01         |  | Agreement and Plan of Merger, dated as of November 30,
    2005, among CSK Auto Corporation, Fastlane Merger Corp.,
    Murrays Inc., the sellers named therein, and J.W. Childs
    Associates, L.P., as seller representative, incorporated herein
    by reference to Exhibit 2.01 of our Current Report on
    Form 8-K, filed on December 1, 2005 (File
    No. 001-13927).
|       
|        | 3  | .01         |  | Restated Certificate of Incorporation of CSK Auto Corporation,
    incorporated herein by reference to Exhibit 3.01 of our
    Annual Report on Form 10-K, filed on May 4, 1998 (File
    No. 001-13927).                                                                                                                                                                        
|       
|        | 3  | .02         |  | Certificate of Correction to the Restated Certificate of
    Incorporation of CSK Auto Corporation, incorporated herein by
    reference to Exhibit 3.02 of our Annual Report on
    Form 10-K, filed on May 4, 1998 (File
    No. 001-13927).                                                                                                                                   
|       
|        | 3  | .03         |  | Certificate of Amendment of the Restated Certificate of
    Incorporation of CSK Auto Corporation, incorporated herein by
    reference to Exhibit 3.02.1 of our Quarterly Report on
    Form 10-Q, filed on September 18, 2002 (File
    No. 001-13927).                                                                                                                        
|       
|        | 3  | .04*        |  | Second Certificate of Amendment of the Restated Certificate of
    Incorporation of CSK Auto Corporation.                                                                                                                                                                                                                                                                        
|       
|        | 3  | .05         |  | Amended and Restated By-laws of the Company, incorporated herein
    by reference to Exhibit 3.03 of our Annual Report on
    Form 10-K, filed on April 28, 1999 (File
    No. 001-13927).                                                                                                                                                                                       
|       
|        | 3  | .06         |  | First Amendment to Amended and Restated By-laws of CSK Auto
    Corporation, incorporated herein by reference to
    Exhibit 3.03.1 of our Annual Report on Form 10-K,
    filed on May 1, 2001 (File No. 001-13927).                                                                                                                                                            
|       
|        | 3  | .07         |  | Second Amendment to Amended and Restated By-laws of CSK Auto
    Corporation, incorporated herein by reference to
    Exhibit 3.03.2 of our Quarterly Report on Form 10-Q,
    filed on June 14, 2004 (File No. 001-13927).                                                                                                                                                      
|       
|        | 4  | .01         |  | Form of Common Stock certificate, incorporated herein by
    reference to our Registration Statement on Form S-1/ A,
    filed on March 3, 1998 (File No. 333-43211).                                                                                                                                                                                                            
|       
|        | 4  | .02         |  | Indenture dated January 16, 2004, by and among CSK Auto,
    Inc., CSK Auto Corporation, Automotive Information Systems, Inc.
    and CSKAUTO.COM, Inc. as guarantors, and the Bank of New York,
    as Trustee, incorporated herein by reference to
    Exhibit 99.3 of our Current Report on Form 8-K filed
    on January 20, 2004 (File No. 001-13927).                      
|       
|        | 4  | .03         |  | Indenture, dated as of July 29, 2005, among CSK Auto, Inc.,
    CSK Auto Corporation, CSKAUTO.COM, Inc. and The Bank of New York
    Trust Company, N.A., as trustee (including form of note),
    incorporated herein by reference to Exhibit 4.1 of our
    Current Report on Form 8-K, filed on July 29, 2005
    (File No. 001-13927).                                       
|       
|        | 10 | .01         |  | Second Amended and Restated Credit Agreement, dated
    July 25, 2005, among CSK Auto, Inc., the lenders from time
    to time parties thereto and JPMorgan Chase Bank, N.A., as
    administrative agent, incorporated herein by reference to
    Exhibit 10.1 of our Current Report on Form 8-K, filed
    on July 29, 2005 (File No. 001-13927).                              
|       
|        | 10 | .02         |  | Amended and Restated Guarantee and Collateral Agreement, dated
    July 29, 2005, among CSK Auto, Inc., CSKAUTO.COM, Inc.
    CSK Auto Corporation, and JPMorgan Chase Bank, N.A., as
    administrative agent, incorporated herein by reference to
    Exhibit 10.2 of our Current Report on Form 8-K, filed
    on July 29, 2005 (File No. 001-13927).                         
|       
|        | 10 | .03         |  | Registration Rights Agreement, dated July 29, 2005, among
    CSK Auto, Inc., CSK Auto Corporation, CSKAUTO.COM, Inc. and the
    initial purchasers listed therein, incorporated herein by
    reference to Exhibit 10.3 of our Current Report on
    Form 8-K, filed on July 29, 2005 (File
    No. 001-13927).                                                                
|       
|        | 10 | .04         |  | 2004 Stock and Incentive Plan (as amended and restated effective
    as of January 1, 2005), incorporated herein by reference to
    Exhibit 10.7 of our Current Report on Form 8-K, filed
    on September 26, 2005 (File No. 001-13927).                                                                                                                                       
|       
|        | 10 | .05*        |  | Severance and Retention Agreement between CSK Auto, Inc. and
    James B. Riley, dated October 24, 2005.                                                                                                                                                                                                                                                                         
|       
|        | 31 | .1*         |  | Certification by the Chief Executive Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                      
|       
|        | 31 | .2*         |  | Certification by the Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                      
|       
|        | 32 | .0*         |  | Certification by the Chief Executive Officer and Chief Financial
    Officer pursuant to 18 U.S.C. Section 1350, as adopted
    pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                       






|  |               
|- | --------------
|* | Filed herewith

31