GPC FY 2017 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$16.3B	—	$15.3B	—	6.3%
Op. Income	$999M	—	$1.0B	—	-4.8%
Gross Margin	30.1%	—	30.0%	—	0.1pp
Net Margin	3.8%	—	4.5%	—	-0.7pp
EPS (Diluted)	$4.18	—	$4.59	—	-8.9%
Free Cash Flow	$658M	—	$785M	—	-16.2%

Revenue Flow

Item	Amount
REVENUE	$16.3B
Cost of Revenue	$11.4B
GROSS PROFIT	$4.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.7B
Other Expenses	$182M
Operating Expenses	$3.9B
Cost & Expenses	$15.3B
OPERATING INCOME	$999M
Interest Income	$0
Interest Expense	$41M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$393M
Net Income from Continuing Ops	$617M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$617M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$617M
D&A	$168M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$16.3B
Cost of Revenue	$11.4B
GROSS PROFIT	$4.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.7B
Other Expenses	$182M
Operating Expenses	$3.9B
Cost & Expenses	$15.3B
OPERATING INCOME	$999M
Interest Income	$0
Interest Expense	$41M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$393M
Net Income from Continuing Ops	$617M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$617M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$617M
D&A	$168M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$617M
Depreciation & Amortization	$168M
Stock-Based Compensation	$17M
Deferred Income Tax	$66M
Other Non-Cash Items	-$69M
Change in Working Capital	$17M
OPERATING CASH FLOW	$815M
Capital Expenditure	-$157M
Acquisitions (Net)	-$1.5B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$21M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$174M
Common Dividends Paid	-$395M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$872M
FREE CASH FLOW	$658M
Net Change in Cash	$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$315M
Short-Term Investments	$0
Net Receivables	$2.4B
Inventory	$3.8B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.3B
PP&E (Net)	$937M
Goodwill	$2.2B
Intangible Assets	$1.4B
Long-Term Investments	$118M
Tax Assets	$40M
Other Non-Current Assets	$450M
TOTAL NON-CURRENT ASSETS	$5.1B
TOTAL ASSETS	$12.4B
Account Payables	$3.6B
Short-Term Debt	$695M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$2.6B
Deferred Revenue NC	$66M
Deferred Tax Liabilities	$193M
Other Non-Current Liabilities	$731M
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$8.9B
Common Stock	$147M
Additional Paid-In Capital	$68M
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$853M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$52M
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$3.3B
Net Debt	$3.0B