GPC FY 2022 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

FY 2022 Earnings

Reported February 23, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$22.1B	—	$18.9B	—	17.1%
Op. Income	$1.6B	—	$1.2B	—	38.8%
Gross Margin	35.0%	—	35.2%	—	-0.1pp
Net Margin	5.4%	—	4.8%	—	0.6pp
EPS (Diluted)	$8.31	—	$6.23	—	33.4%
Free Cash Flow	$1.1B	—	$992M	—	13.6%

Revenue Flow

Item	Amount
REVENUE	$22.1B
Cost of Revenue	$14.4B
GROSS PROFIT	$7.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.8B
Other Expenses	$368M
Operating Expenses	$6.1B
Cost & Expenses	$20.5B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$390M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$348M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$22.1B
Cost of Revenue	$14.4B
GROSS PROFIT	$7.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.8B
Other Expenses	$368M
Operating Expenses	$6.1B
Cost & Expenses	$20.5B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$390M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$348M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$348M
Stock-Based Compensation	$38M
Deferred Income Tax	$2M
Other Non-Cash Items	-$84M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$340M
Acquisitions (Net)	-$1.6B
Purchases of Investments	$0
Sales/Maturities of Investments	$158M
Other Investing Activities	$145M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$961M
Common Stock Repurchased	-$223M
Common Dividends Paid	-$496M
Other Financing Activities	-$37M
NET CASH FROM FINANCING	$205M
FREE CASH FLOW	$1.1B
Net Change in Cash	-$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$653M
Short-Term Investments	$0
Net Receivables	$2.2B
Inventory	$4.4B
Other Current Assets	$1.5B
TOTAL CURRENT ASSETS	$8.8B
PP&E (Net)	$2.4B
Goodwill	$2.6B
Intangible Assets	$1.8B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$847M
TOTAL NON-CURRENT ASSETS	$7.7B
TOTAL ASSETS	$16.5B
Account Payables	$5.5B
Short-Term Debt	$252M
Deferred Revenue	$0
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$7.7B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$391M
Other Non-Current Liabilities	$701M
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$12.7B
Common Stock	$141M
Additional Paid-In Capital	$140M
Retained Earnings	$4.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$14M
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$16.5B
Total Debt	$4.2B
Net Debt	$3.5B