GPC Q1 2021 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

Q1 2021 Earnings

Reported April 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2021	Q4 2020	Q1 2020	QoQ Change	YoY Change
Revenue	$4.5B	$4.3B	—	5.0%	—
Op. Income	$268M	$246M	—	9.2%	—
Gross Margin	34.5%	34.1%	—	0.5pp	—
Net Margin	4.9%	4.0%	—	0.8pp	—
EPS (Diluted)	$1.50	$1.18	—	27.1%	—
Free Cash Flow	$253M	$531M	—	-52.4%	—

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$77M
Operating Expenses	$1.3B
Cost & Expenses	$4.2B
OPERATING INCOME	$268M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	$17M
INCOME BEFORE TAX	$286M
Income Tax Expense	$68M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$218M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$72M
EBIT	$304M
EBITDA	$376M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$77M
Operating Expenses	$1.3B
Cost & Expenses	$4.2B
OPERATING INCOME	$268M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	$17M
INCOME BEFORE TAX	$286M
Income Tax Expense	$68M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$218M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$72M
EBIT	$304M
EBITDA	$376M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$218M
Depreciation & Amortization	$72M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	-$2M
Change in Working Capital	$6M
OPERATING CASH FLOW	$301M
Capital Expenditure	-$48M
Acquisitions (Net)	-$9M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$41M
Net Debt Issuance	$5M
Common Stock Repurchased	$0
Common Dividends Paid	-$114M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$116M
FREE CASH FLOW	$253M
Net Change in Cash	$128M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$3.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.7B
PP&E (Net)	$2.2B
Goodwill	$1.9B
Intangible Assets	$1.5B
Long-Term Investments	$0
Tax Assets	$52M
Other Non-Current Assets	$663M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$13.9B
Account Payables	$4.5B
Short-Term Debt	$160M
Deferred Revenue	$0
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$6.3B
Long-Term Debt	$2.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$207M
Other Non-Current Liabilities	$818M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$10.6B
Common Stock	$144M
Additional Paid-In Capital	$118M
Retained Earnings	$4.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$12M
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$13.9B
Total Debt	$3.4B
Net Debt	$2.3B