GENUINE PARTS CO GPC Income Statement

Genuine parts co (GPC)

Income statement / TTM

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
19,215	19,392	19,289	18,997	18,885	18,735	18,338	17,711	16,989	16,308	15,881	15,727	15,527	15,339	15,241	15,221	15,262	15,280	15,420	15,484	15,452	15,341	15,036	14,736	14,503	14,077	13,679	13,369	13,031	13,013	12,909	12,818	12,665	12,458	12,252	11,917	11,579	11,207	10,871	10,527	10,215	10,057	10,468	10,735	0	0	0
Cost of goods sold
12,906	13,076	13,016	12,864	12,829	12,751	12,612	12,242	11,802	11,402	11,128	11,002	10,876	10,740	10,677	10,686	10,714	10,724	10,813	10,863	10,830	10,747	10,497	10,279	10,121	9,857	9,640	9,455	9,250	9,235	9,149	9,086	8,989	8,852	8,721	8,482	8,238	7,954	7,667	7,411	7,177	7,047	7,377	7,556	0	0	0
Gross profit
6,308	6,316	6,273	6,133	6,056	5,983	5,725	5,468	5,186	4,906	4,753	4,725	4,650	4,599	4,564	4,534	4,547	4,555	4,606	4,621	4,621	4,593	4,539	4,456	4,382	4,219	4,038	3,913	3,780	3,778	3,760	3,732	3,676	3,606	3,530	3,435	3,341	3,252	3,203	3,115	3,038	3,009	3,091	3,178	0	0	0
Operating expenses:
Selling, administrative and other expenses
4,963	4,934	4,904	4,754	4,685	4,615	4,411	4,223	3,982	3,726	3,585	3,523	3,446	3,391	3,307	3,271	3,275	3,277	3,320	3,336	3,335	3,314	3,293	3,236	3,158	3,028	2,850	2,735	2,662	2,656	2,655	2,656	2,628	2,594	2,539	2,478	2,424	2,366	2,319	2,273	2,231	2,219	2,309	2,352	0	0	0
Depreciation and amortization
278	270	260	252	245	241	227	207	187	167	156	154	150	147	144	140	140	141	145	146	147	148	144	144	144	133	123	113	101	98	95	91	89	88	88	89	89	89	90	90	90	90	89	88	0	0	0
Provision for doubtful accounts
18	14	17	20	18	17	16	14	13	13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Exit Costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
5,455	5,413	5,183	5,027	4,949	4,874	4,655	4,445	4,184	3,907	3,763	3,695	3,611	3,550	3,463	3,425	3,427	3,431	3,473	3,489	3,490	3,469	3,446	3,390	3,311	3,170	2,981	2,857	2,771	2,762	2,764	2,761	2,730	2,696	2,638	2,578	2,525	2,466	2,438	2,392	2,349	2,338	2,399	2,441	0	0	0
Non-operating (income) expenses:
Interest expense
92	95	99	98	101	101	93	77	58	41	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
79	66	82	52	52	67	67	53	51	52	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating (income) expenses
-55	-72	-17	-45	-49	-34	-26	-24	-7	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
797	830	1,072	1,059	1,057	1,075	1,043	997	994	1,009	1,023	1,068	1,071	1,074	1,099	1,108	1,118	1,123	1,127	1,125	1,125	1,117	1,088	1,061	1,066	1,044	1,060	1,060	1,012	1,018	977	952	926	890	867	832	791	761	738	696	661	644	692	737	0	0	0
Income taxes
200	209	273	268	263	265	311	327	361	392	362	380	382	387	403	410	416	418	417	412	410	406	391	382	368	359	365	366	366	370	354	351	342	325	318	303	290	286	282	264	250	244	260	280	0	0	0
Net income
597	621	798	791	794	810	731	670	633	616	661	687	689	687	695	698	702	705	709	712	714	711	696	679	698	684	694	693	646	648	622	601	584	565	548	528	501	475	456	431	411	399	431	456	0	0	0
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
-192	38	-153	-53	-228	-233	-128	-63	123	137	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flow hedge adjustments, net of income taxes in 2020 and 2019 — $6,604 and $1,915, respectively
0	13	31	-13	39	28	-0	-1	-34	-17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and postretirement benefit adjustments, net of income taxes in 2020 and 2019 — $3,017 and $1,788, respectively
-48	-44	61	62	59	57	-44	-42	-41	-40	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss), net of income taxes
-143	96	-183	-129	-248	-262	-85	-21	131	160	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income (loss)
454	717	615	662	545	547	646	648	764	777	649	648	601	604	745	626	667	495	242	254	280	388	830	928	802	788	533	552	601	628	527	401	401	381	0	0	0	-	-	-	-	-	-	-	-	-	-