GPC Q3 2021 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

Q3 2021 Earnings

Reported October 21, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2021	Q2 2021	Q3 2020	QoQ Change	YoY Change
Revenue	$4.8B	$4.8B	—	0.7%	—
Op. Income	$296M	$261M	—	13.3%	—
Gross Margin	35.5%	35.3%	—	0.2pp	—
Net Margin	4.7%	4.1%	—	0.6pp	—
EPS (Diluted)	$1.59	$1.36	—	16.9%	—
Free Cash Flow	$256M	$362M	—	-29.4%	—

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	$76M
Operating Expenses	$1.4B
Cost & Expenses	$4.5B
OPERATING INCOME	$296M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$299M
Income Tax Expense	$70M
Net Income from Continuing Ops	$229M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$229M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$229M
D&A	$72M
EBIT	$313M
EBITDA	$385M
EPS	$2
EPS Diluted	$2

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	$76M
Operating Expenses	$1.4B
Cost & Expenses	$4.5B
OPERATING INCOME	$296M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$299M
Income Tax Expense	$70M
Net Income from Continuing Ops	$229M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$229M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$229M
D&A	$72M
EBIT	$313M
EBITDA	$385M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$229M
Depreciation & Amortization	$72M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$61M
Change in Working Capital	-$64M
OPERATING CASH FLOW	$304M
Capital Expenditure	-$48M
Acquisitions (Net)	-$42M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$100M
Common Dividends Paid	-$118M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$271M
FREE CASH FLOW	$256M
Net Change in Cash	-$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$919M
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$3.7B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.8B
PP&E (Net)	$2.1B
Goodwill	$1.9B
Intangible Assets	$1.4B
Long-Term Investments	$0
Tax Assets	$44M
Other Non-Current Assets	$700M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$14.0B
Account Payables	$4.8B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$6.5B
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$222M
Other Non-Current Liabilities	$804M
TOTAL NON-CURRENT LIABILITIES	$4.2B
TOTAL LIABILITIES	$10.8B
Common Stock	$143M
Additional Paid-In Capital	$118M
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$13M
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$14.0B
Total Debt	$3.2B
Net Debt	$2.3B