GPC FY 2014 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

FY 2014 Earnings

Reported February 26, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$15.3B	—	$14.1B	—	9.0%
Op. Income	$1.1B	—	$1.0B	—	7.1%
Gross Margin	29.9%	—	30.0%	—	-0.0pp
Net Margin	4.6%	—	4.9%	—	-0.2pp
EPS (Diluted)	$4.61	—	$4.40	—	4.8%
Free Cash Flow	$682M	—	$933M	—	-26.8%

Revenue Flow

Item	Amount
REVENUE	$15.3B
Cost of Revenue	$10.7B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.3B
Other Expenses	$156M
Operating Expenses	$3.5B
Cost & Expenses	$14.2B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$406M
Net Income from Continuing Ops	$711M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$711M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$711M
D&A	$148M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$15.3B
Cost of Revenue	$10.7B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.3B
Other Expenses	$156M
Operating Expenses	$3.5B
Cost & Expenses	$14.2B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$406M
Net Income from Continuing Ops	$711M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$711M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$711M
D&A	$148M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$711M
Depreciation & Amortization	$148M
Stock-Based Compensation	$16M
Deferred Income Tax	$54M
Other Non-Cash Items	-$21M
Change in Working Capital	-$119M
OPERATING CASH FLOW	$790M
Capital Expenditure	-$108M
Acquisitions (Net)	-$288M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$387M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$96M
Common Dividends Paid	-$347M
Other Financing Activities	$18M
NET CASH FROM FINANCING	-$455M
FREE CASH FLOW	$682M
Net Change in Cash	-$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$138M
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$3.0B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.6B
PP&E (Net)	$670M
Goodwill	$839M
Intangible Assets	$548M
Long-Term Investments	$29M
Tax Assets	$145M
Other Non-Current Assets	$423M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$8.2B
Account Payables	$2.6B
Short-Term Debt	$265M
Deferred Revenue	$0
Other Current Liabilities	$165M
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$500M
Deferred Revenue NC	$81M
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$656M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$4.9B
Common Stock	$153M
Additional Paid-In Capital	$26M
Retained Earnings	$3.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$720M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$11M
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$806M
Net Debt	$668M