GPC FY 2012 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

FY 2012 Earnings

Reported February 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$13.0B	—	$12.5B	—	4.5%
Op. Income	$1.0B	—	$909M	—	11.6%
Gross Margin	29.0%	—	28.9%	—	0.1pp
Net Margin	5.0%	—	4.5%	—	0.4pp
EPS (Diluted)	$4.14	—	$3.58	—	15.6%
Free Cash Flow	$804M	—	$521M	—	54.3%

Revenue Flow

Item	Amount
REVENUE	$13.0B
Cost of Revenue	$9.2B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$106M
Operating Expenses	$2.8B
Cost & Expenses	$12.0B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	$4M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$371M
Net Income from Continuing Ops	$648M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$648M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$648M
D&A	$98M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$13.0B
Cost of Revenue	$9.2B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$106M
Operating Expenses	$2.8B
Cost & Expenses	$12.0B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	$4M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$371M
Net Income from Continuing Ops	$648M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$648M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$648M
D&A	$98M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$648M
Depreciation & Amortization	$98M
Stock-Based Compensation	$11M
Deferred Income Tax	$15M
Other Non-Cash Items	-$15M
Change in Working Capital	$149M
OPERATING CASH FLOW	$906M
Capital Expenditure	-$102M
Acquisitions (Net)	-$550M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$550M
NET CASH FROM INVESTING	-$652M
Net Debt Issuance	$0
Common Stock Repurchased	-$82M
Common Dividends Paid	-$301M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$379M
FREE CASH FLOW	$804M
Net Change in Cash	-$122M

Balance Sheet

Item	Amount
Cash & Equivalents	$403M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$2.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$566M
Goodwill	$298M
Intangible Assets	$200M
Long-Term Investments	$206M
Tax Assets	$279M
Other Non-Current Assets	$437M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$6.8B
Account Payables	$1.7B
Short-Term Debt	$250M
Deferred Revenue	$0
Other Current Liabilities	$115M
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$250M
Deferred Revenue NC	$162M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$866M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$3.8B
Common Stock	$155M
Additional Paid-In Capital	$0
Retained Earnings	$3.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$501M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$10M
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$534M
Net Debt	$131M