GPC Q4 2019 Earnings Report — Genuine Parts Company Revenue & Financial Results | Market Cap Arena

Genuine Parts CompanyGPC

Q4 2019 Earnings

Reported February 21, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$4.7B	—	$4.6B	—	2.2%
Op. Income	$258M	—	$259M	—	-0.0%
Gross Margin	33.7%	—	33.5%	—	0.2pp
Net Margin	0.2%	—	4.1%	—	-3.9pp
EPS (Diluted)	$0.06	—	$1.27	—	-95.3%
Free Cash Flow	$52M	—	$79M	—	-34.9%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$77M
Operating Expenses	$1.3B
Cost & Expenses	$4.4B
OPERATING INCOME	$258M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$246M
INCOME BEFORE TAX	$101M
Income Tax Expense	$22M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	-$70M
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$73M
EBIT	$34M
EBITDA	$107M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$77M
Operating Expenses	$1.3B
Cost & Expenses	$4.4B
OPERATING INCOME	$258M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$246M
INCOME BEFORE TAX	$101M
Income Tax Expense	$22M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	-$70M
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$73M
EBIT	$34M
EBITDA	$107M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$73M
Stock-Based Compensation	$12M
Deferred Income Tax	$0
Other Non-Cash Items	$22M
Change in Working Capital	$31M
OPERATING CASH FLOW	$147M
Capital Expenditure	-$95M
Acquisitions (Net)	-$81M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$172M
Net Debt Issuance	-$40M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$111M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$157M
FREE CASH FLOW	$52M
Net Change in Cash	-$174M

Balance Sheet

Item	Amount
Cash & Equivalents	$277M
Short-Term Investments	$0
Net Receivables	$2.4B
Inventory	$3.4B
Other Current Assets	$714M
TOTAL CURRENT ASSETS	$7.9B
PP&E (Net)	$2.2B
Goodwill	$2.3B
Intangible Assets	$1.5B
Long-Term Investments	$0
Tax Assets	$46M
Other Non-Current Assets	$706M
TOTAL NON-CURRENT ASSETS	$6.7B
TOTAL ASSETS	$14.6B
Account Payables	$3.9B
Short-Term Debt	$624M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$6.4B
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$233M
Other Non-Current Liabilities	$764M
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$11.0B
Common Stock	$145M
Additional Paid-In Capital	$99M
Retained Earnings	$4.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$21M
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$14.6B
Total Debt	$4.2B
Net Debt	$3.9B