GENUINE PARTS CO GPC Income Statement

Genuine parts co (GPC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Net sales
4,559	4,706	5,015	4,934	4,736	4,603	4,722	4,822	4,586	4,207	4,095	4,100	3,905	3,780	3,941	3,899	3,718	3,681	3,921	3,940	3,736	3,822	3,985	3,908	3,624	3,517	3,685	3,675	3,198	3,118	3,375	3,337	3,181	3,014	3,285	3,184	2,974	2,807	2,950	2,847	2,602	2,471	2,606	2,535	2,444	2,882	2,873
Cost of goods sold
3,058	3,121	3,390	3,335	3,228	3,061	3,238	3,300	3,150	2,923	2,869	2,860	2,749	2,648	2,743	2,734	2,613	2,586	2,752	2,762	2,623	2,675	2,802	2,729	2,540	2,425	2,584	2,570	2,277	2,208	2,399	2,365	2,262	2,121	2,337	2,268	2,125	1,990	2,097	2,024	1,841	1,703	1,841	1,790	1,712	2,033	2,021
Gross profit
1,500	1,585	1,624	1,598	1,508	1,542	1,484	1,521	1,435	1,284	1,226	1,239	1,155	1,131	1,198	1,165	1,104	1,095	1,169	1,178	1,112	1,146	1,183	1,179	1,084	1,092	1,100	1,105	921	910	976	972	919	892	948	916	848	817	853	822	760	767	765	744	732	849	852
Operating expenses:
Selling, administrative and other expenses
1,232	1,243	1,269	1,216	1,203	1,214	1,119	1,148	1,133	1,010	931	906	877	869	869	829	823	784	834	832	825	827	850	832	803	806	793	753	673	629	678	680	667	628	679	651	634	573	618	598	576	526	571	556	565	616	614
Depreciation and amortization
70	73	68	66	61	63	61	58	58	50	40	39	38	39	37	35	34	35	34	35	35	39	34	36	36	35	35	36	25	25	25	24	22	21	21	22	22	21	22	23	22	22	22	22	22	21	22
Provision for doubtful accounts
7	3	1	5	3	5	4	3	2	4	3	2	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Exit Costs
1	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
1,311	1,514	1,340	1,289	1,269	1,283	1,185	1,210	1,194	1,065	975	948	918	920	907	865	857	833	868	868	861	874	885	868	840	851	829	790	699	662	704	704	690	663	701	674	656	606	640	621	598	577	594	578	587	638	636
Non-operating (income) expenses:
Interest expense
20	22	26	23	23	26	25	26	24	18	9	7	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
11	5	47	15	-2	22	17	15	12	21	3	13	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating (income) expenses
-9	-58	20	-7	-26	-4	-7	-10	-11	3	-5	6	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
178	12	304	302	211	254	291	300	229	222	246	297	243	236	291	300	246	261	300	310	251	265	298	310	243	235	271	314	222	251	271	267	228	210	247	241	191	186	212	200	162	162	170	166	144	210	215
Income taxes
42	3	77	77	51	67	71	73	52	113	87	107	83	83	106	108	88	100	112	114	90	99	107	112	86	85	98	98	77	91	98	98	81	75	95	89	65	67	80	76	61	63	63	62	55	79	82
Net income
136	8	227	224	160	186	220	226	176	108	158	189	160	152	185	191	158	161	188	195	161	165	190	197	157	150	173	216	144	160	172	168	146	134	151	151	126	118	131	124	100	99	107	103	89	131	133
Basic net income per common share (usd per share)
0.94	0.06	1.56	1.54	1.10	1.28	1.50	1.55	1.20	0.74	1.08	1.29	1.08	1.03	1.24	1.28	1.06	1.08	1.24	1.28	1.05	1.08	1.25	1.29	1.02	0.98	1.12	1.40	0.93	1.04	1.11	1.08	0.94	0.87	0.97	0.97	0.80	0.75	0.84	0.79	0.63	0.63	0.67	0.65	0.56	0.81	0.81
Diluted net income per common share (usd per share)
0.94	0.06	1.56	1.53	1.09	1.27	1.49	1.54	1.20	0.73	1.08	1.29	1.08	1.02	1.24	1.28	1.05	1.06	1.24	1.28	1.05	1.07	1.24	1.28	1.02	0.96	1.12	1.39	0.93	1.02	1.11	1.08	0.93	0.85	0.97	0.96	0.80	0.76	0.83	0.78	0.63	0.62	0.67	0.65	0.56	0.81	0.81
Dividends declared per common share (usd per share)
0.79	-	0.76	0.76	0.76	-	0.72	0.72	0.72	-	0.67	0.67	0.67	-	0.65	0.65	0.65	-	0.61	0.61	0.61	-	0.57	0.57	0.57	-	0.53	0.53	0.53	-	0.49	0.49	0.49	-	0.45	0.45	0.45	-	0.41	0.41	0.41	-	0.40	0.40	0.40	0.39	0.39
Weighted average common shares outstanding (in shares)
145	145	145	146	145	146	146	146	146	146	146	147	148	148	148	149	149	150	151	152	152	152	153	153	153	154	154	155	154	310	155	155	0	311	0	157	157	-473	157	158	158	159	159	159	159	161	163
Dilutive effect of stock options and non-vested restricted stock awards (in shares)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	2	0	1	0	1	0	0	1	-1	0	0	0	0	0	0	0	0	0
Weighted average common shares outstanding - assuming dilution (in shares)
145	146	146	146	146	146	147	147	147	147	147	147	148	149	149	150	150	151	152	152	153	154	154	154	154	155	155	156	155	312	156	156	0	313	0	158	158	-475	157	158	159	159	159	159	159	162	164
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of income taxes in 2020 and 2019 — $15,560 and $7,710 respectively
-182	105	-126	10	47	-85	-26	-163	42	18	38	23	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flow hedge adjustments, net of income taxes in 2020 and 2019 — $6,604 and $1,915, respectively
-17	-6	45	-20	-5	11	0	32	-16	-17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and postretirement benefit adjustments, net of income taxes in 2020 and 2019 — $3,017 and $1,788, respectively
-8	-27	-7	-4	-4	78	-6	-7	-7	-22	-5	-5	-5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss), net of income taxes
-192	127	-73	-5	47	-152	-18	-124	33	24	44	28	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income (loss)
-55	136	154	219	207	33	201	102	209	132	202	218	222	5	201	171	226	145	82	213	53	-107	95	240	161	334	192	114	147	79	210	163	174	-21	84	163	154	-	-	-	-	-	-	-	-	-	-