GPC Q1 2019 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

Q1 2019 Earnings

Reported April 19, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$4.7B	$4.6B	$4.6B	2.9%	3.3%
Op. Income	$238M	$259M	$241M	-7.8%	-1.1%
Gross Margin	31.8%	33.5%	31.3%	-1.7pp	0.5pp
Net Margin	3.4%	4.1%	3.9%	-0.7pp	-0.5pp
EPS (Diluted)	$1.09	$1.27	$1.20	-14.2%	-9.2%
Free Cash Flow	$16M	$79M	$107M	-79.6%	-84.9%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$3.2B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$66M
Operating Expenses	$1.3B
Cost & Expenses	$4.5B
OPERATING INCOME	$238M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$212M
Income Tax Expense	$51M
Net Income from Continuing Ops	$146M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$62M
EBIT	$235M
EBITDA	$297M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$3.2B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$66M
Operating Expenses	$1.3B
Cost & Expenses	$4.5B
OPERATING INCOME	$238M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$212M
Income Tax Expense	$51M
Net Income from Continuing Ops	$146M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$62M
EBIT	$235M
EBITDA	$297M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$160M
Depreciation & Amortization	$62M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$23M
Change in Working Capital	-$190M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$46M
Acquisitions (Net)	-$141M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$184M
Net Debt Issuance	$258M
Common Stock Repurchased	$0
Common Dividends Paid	-$105M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	$146M
FREE CASH FLOW	$16M
Net Change in Cash	$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$357M
Short-Term Investments	$0
Net Receivables	$2.7B
Inventory	$3.7B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.9B
PP&E (Net)	$2.0B
Goodwill	$2.2B
Intangible Assets	$1.4B
Long-Term Investments	$0
Tax Assets	$21M
Other Non-Current Assets	$523M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$14.1B
Account Payables	$4.1B
Short-Term Debt	$1.0B
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$6.5B
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$194M
Other Non-Current Liabilities	$652M
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$10.5B
Common Stock	$146M
Additional Paid-In Capital	$77M
Retained Earnings	$4.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$22M
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$4.1B
Net Debt	$3.8B