GPC FY 2010 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

FY 2010 Earnings

Reported February 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$11.2B	—	$10.1B	—	11.4%
Op. Income	$786M	—	$671M	—	17.2%
Gross Margin	29.0%	—	29.9%	—	-0.9pp
Net Margin	4.2%	—	4.0%	—	0.3pp
EPS (Diluted)	$3.00	—	$2.50	—	20.0%
Free Cash Flow	$593M	—	$703M	—	-15.6%

Revenue Flow

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$8.0B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	$100M
Operating Expenses	$2.5B
Cost & Expenses	$10.4B
OPERATING INCOME	$786M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$762M
Income Tax Expense	$286M
Net Income from Continuing Ops	$476M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$476M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$476M
D&A	$89M
EBIT	$790M
EBITDA	$879M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$8.0B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	$100M
Operating Expenses	$2.5B
Cost & Expenses	$10.4B
OPERATING INCOME	$786M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$762M
Income Tax Expense	$286M
Net Income from Continuing Ops	$476M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$476M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$476M
D&A	$89M
EBIT	$790M
EBITDA	$879M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$476M
Depreciation & Amortization	$89M
Stock-Based Compensation	$7M
Deferred Income Tax	$12M
Other Non-Cash Items	-$5M
Change in Working Capital	$100M
OPERATING CASH FLOW	$679M
Capital Expenditure	-$85M
Acquisitions (Net)	-$87M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$172M
NET CASH FROM INVESTING	-$172M
Net Debt Issuance	$0
Common Stock Repurchased	-$75M
Common Dividends Paid	-$258M
Other Financing Activities	$12M
NET CASH FROM FINANCING	-$321M
FREE CASH FLOW	$593M
Net Change in Cash	$193M

Balance Sheet

Item	Amount
Cash & Equivalents	$530M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$2.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.4B
PP&E (Net)	$484M
Goodwill	$150M
Intangible Assets	$59M
Long-Term Investments	$0
Tax Assets	$157M
Other Non-Current Assets	$199M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$5.5B
Account Payables	$1.4B
Short-Term Debt	$250M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$250M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$441M
TOTAL NON-CURRENT LIABILITIES	$691M
TOTAL LIABILITIES	$2.7B
Common Stock	$158M
Additional Paid-In Capital	$0
Retained Earnings	$2.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$298M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$9M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$500M
Net Debt	-$30M