GPC Q2 2021 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

Q2 2021 Earnings

Reported July 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$4.8B	$4.5B	—	7.1%	—
Op. Income	$261M	$268M	—	-2.8%	—
Gross Margin	35.3%	34.5%	—	0.8pp	—
Net Margin	4.1%	4.9%	—	-0.8pp	—
EPS (Diluted)	$1.36	$1.50	—	-9.3%	—
Free Cash Flow	$362M	$253M	—	43.3%	—

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$79M
Operating Expenses	$1.4B
Cost & Expenses	$4.5B
OPERATING INCOME	$261M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$270M
Income Tax Expense	$73M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$74M
EBIT	$285M
EBITDA	$359M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$79M
Operating Expenses	$1.4B
Cost & Expenses	$4.5B
OPERATING INCOME	$261M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$270M
Income Tax Expense	$73M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$74M
EBIT	$285M
EBITDA	$359M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$196M
Depreciation & Amortization	$74M
Stock-Based Compensation	$8M
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	$130M
OPERATING CASH FLOW	$403M
Capital Expenditure	-$42M
Acquisitions (Net)	-$74M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$111M
Net Debt Issuance	-$116M
Common Stock Repurchased	-$184M
Common Dividends Paid	-$118M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$432M
FREE CASH FLOW	$362M
Net Change in Cash	-$131M

Balance Sheet

Item	Amount
Cash & Equivalents	$987M
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$3.7B
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	$693M
TOTAL NON-CURRENT ASSETS	$6.4B
TOTAL ASSETS	$14.1B
Account Payables	$4.7B
Short-Term Debt	$48M
Deferred Revenue	$0
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$6.5B
Long-Term Debt	$2.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$230M
Other Non-Current Liabilities	$818M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$10.8B
Common Stock	$143M
Additional Paid-In Capital	$112M
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$11M
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$3.3B
Net Debt	$2.3B