Advance Auto Parts (AAP) FY2012 results: revenue $6.2 billion, up 0.6% on the year
Advance Auto Parts Inc. (AAP) reported revenue of $6.2 billion for fiscal 2012, the year ended 29 December 2012, up 0.6% on the year before. Net income was $388 million, down 1.8%, and diluted earnings per share $5.22. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$6.2 billion
+0.6% on the year
FY2008FY2012
Operating margin
10.6%
10.8% a year earlier
FY2008FY2012
Net income
$388 million
-1.8% on the year
FY2008FY2012
Diluted EPS
$5.22
+2.2% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
6,205
6,170
5,925
+0.6%
Cost of revenue
3,107
3,101
2,964
+0.2%
Gross profit
3,098
3,069
2,961
+0.9%
Gross margin
49.9%
49.7%
50.0%
Selling, general and administrative
2,441
2,405
2,376
+1.5%
Operating income
657
665
585
-1.1%
Operating margin
10.6%
10.8%
9.9%
Interest expense
33.8
30.9
26.9
+9.3%
Pre-tax income
624
633
557
-1.4%
Income tax
236
239
211
-0.9%
Effective tax rate
37.9%
37.7%
37.9%
Net income
388
395
346
-1.8%
Net margin
6.2%
6.4%
5.8%
Diluted EPS
$5.22
$5.11
$3.95
+2.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
685
829
666
-17.3%
Capital expenditure
271
268
200
+1.1%
Free cash flow
414
561
467
-26.1%
Free cash flow margin
6.7%
9.1%
7.9%
Cash from investing
-273
-290
-199
Cash from financing
128
-540
-508
Depreciation and amortisation
190
176
164
+7.7%
Share-based compensation
15.2
19.6
22.3
-22.1%
Buybacks
27.1
631
622
-95.7%
Dividends paid
17.6
18.6
21.1
-5.2%
Dividend per share
$0.24
$0.24
n/a
0.0%
Diluted shares, weighted
74m
77m
n/a
-3.9%
Shares outstanding at period end
73m
73m
81,956
+0.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,211
848
1,039
+42.8%
Debt
605
416
333
+45.5%
Other liabilities
2,798
2,392
1,981
+17.0%
Total liabilities and equity
4,614
3,656
3,354
+26.2%
Fixed assets
1,292
1,223
1,143
+5.6%
Goodwill
76.4
76.4
34.4
0.0%
Intangible assets
28.8
31.4
25.4
-8.1%
Cash and equivalents
598
57.9
59.2
+933.0%
Receivables
230
140
124
+64.2%
Inventory
2,309
2,043
1,864
+13.0%
Other assets
80.2
83.8
104
-4.3%
Total assets
4,614
3,656
3,354
+26.2%
10-K for the year ended 29 December 2012, filed 25 February 2013: the filing.