GPC FY 2007 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

FY 2007 Earnings

Reported February 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$10.8B	—	$10.5B	—	3.7%
Op. Income	$838M	—	$797M	—	5.2%
Gross Margin	29.7%	—	31.3%	—	-1.7pp
Net Margin	4.7%	—	4.5%	—	0.1pp
EPS (Diluted)	$2.98	—	$2.76	—	8.0%
Free Cash Flow	$526M	—	$307M	—	71.0%

Revenue Flow

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$7.6B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.3B
Other Expenses	$88M
Operating Expenses	$2.4B
Cost & Expenses	$10.0B
OPERATING INCOME	$838M
Interest Income	$10M
Interest Expense	$31M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$817M
Income Tax Expense	$310M
Net Income from Continuing Ops	$506M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$506M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$506M
D&A	$88M
EBIT	$838M
EBITDA	$926M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$7.6B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.3B
Other Expenses	$88M
Operating Expenses	$2.4B
Cost & Expenses	$10.0B
OPERATING INCOME	$838M
Interest Income	$10M
Interest Expense	$31M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$817M
Income Tax Expense	$310M
Net Income from Continuing Ops	$506M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$506M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$506M
D&A	$88M
EBIT	$838M
EBITDA	$926M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$506M
Depreciation & Amortization	$88M
Stock-Based Compensation	$0
Deferred Income Tax	-$8M
Other Non-Cash Items	$10M
Change in Working Capital	$43M
OPERATING CASH FLOW	$641M
Capital Expenditure	-$116M
Acquisitions (Net)	-$40M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$68M
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	$0
Common Stock Repurchased	-$241M
Common Dividends Paid	-$243M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$469M
FREE CASH FLOW	$526M
Net Change in Cash	$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$232M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$2.3B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$426M
Goodwill	$82M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$36M
Other Non-Current Assets	$177M
TOTAL NON-CURRENT ASSETS	$721M
TOTAL ASSETS	$4.8B
Account Payables	$990M
Short-Term Debt	$250M
Deferred Revenue	$0
Other Current Liabilities	$106M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$250M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$179M
TOTAL NON-CURRENT LIABILITIES	$443M
TOTAL LIABILITIES	$2.0B
Common Stock	$166M
Additional Paid-In Capital	$0
Retained Earnings	$2.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$124M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$66M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$514M
Net Debt	$282M