GPC FY 2013 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

FY 2013 Earnings

Reported February 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$14.1B	—	$13.0B	—	8.2%
Op. Income	$1.0B	—	$1.0B	—	3.4%
Gross Margin	30.0%	—	29.0%	—	0.9pp
Net Margin	4.9%	—	5.0%	—	-0.1pp
EPS (Diluted)	$4.40	—	$4.14	—	6.3%
Free Cash Flow	$933M	—	$804M	—	15.9%

Revenue Flow

Item	Amount
REVENUE	$14.1B
Cost of Revenue	$9.9B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.0B
Other Expenses	$143M
Operating Expenses	$3.2B
Cost & Expenses	$13.0B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$27M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$359M
Net Income from Continuing Ops	$685M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$685M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$685M
D&A	$134M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$14.1B
Cost of Revenue	$9.9B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.0B
Other Expenses	$143M
Operating Expenses	$3.2B
Cost & Expenses	$13.0B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$27M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$359M
Net Income from Continuing Ops	$685M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$685M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$685M
D&A	$134M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$685M
Depreciation & Amortization	$134M
Stock-Based Compensation	$13M
Deferred Income Tax	-$22M
Other Non-Cash Items	-$77M
Change in Working Capital	$323M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$124M
Acquisitions (Net)	-$702M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$826M
Net Debt Issuance	$25M
Common Stock Repurchased	-$121M
Common Dividends Paid	-$326M
Other Financing Activities	$13M
NET CASH FROM FINANCING	-$425M
FREE CASH FLOW	$933M
Net Change in Cash	-$206M

Balance Sheet

Item	Amount
Cash & Equivalents	$197M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$2.9B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$670M
Goodwill	$790M
Intangible Assets	$499M
Long-Term Investments	$29M
Tax Assets	$98M
Other Non-Current Assets	$373M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$7.7B
Account Payables	$2.3B
Short-Term Debt	$265M
Deferred Revenue	$0
Other Current Liabilities	$145M
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$500M
Deferred Revenue NC	$66M
Deferred Tax Liabilities	$83M
Other Non-Current Liabilities	$462M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$4.3B
Common Stock	$154M
Additional Paid-In Capital	$15M
Retained Earnings	$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$398M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$10M
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$7.7B
Total Debt	$792M
Net Debt	$596M