Advance Auto Parts (AAP) FY2015 results: revenue $9.7 billion, down 1.1% on the year
Advance Auto Parts Inc. (AAP) reported revenue of $9.7 billion for fiscal 2015, the year ended 2 January 2016, down 1.1% on the year before. Net income was $473 million, down 4.1%, and diluted earnings per share $6.40. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2016.
Revenue
$9.7 billion
-1.1% on the year
FY2008FY2015
Operating margin
8.5%
8.7% a year earlier
FY2008FY2015
Net income
$473 million
-4.1% on the year
FY2008FY2015
Diluted EPS
$6.40
-4.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
9,737
9,844
6,494
-1.1%
Cost of revenue
5,314
5,390
3,242
-1.4%
Gross profit
4,423
4,454
3,252
-0.7%
Gross margin
45.4%
45.2%
50.1%
Selling, general and administrative
3,597
3,602
2,592
-0.1%
Operating income
826
852
660
-3.0%
Operating margin
8.5%
8.7%
10.2%
Interest expense
65.4
73.4
36.6
-10.9%
Pre-tax income
753
781
626
-3.6%
Income tax
279
288
235
-2.8%
Effective tax rate
37.1%
36.8%
37.5%
Net income
473
494
392
-4.1%
Net margin
4.9%
5.0%
6.0%
Diluted EPS
$6.40
$6.71
$5.32
-4.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
703
709
545
-0.9%
Capital expenditure
235
228
196
+2.8%
Free cash flow
468
481
349
-2.6%
Free cash flow margin
4.8%
4.9%
5.4%
Cash from investing
-253
-2,288
-362
Cash from financing
-459
576
331
Depreciation and amortisation
269
285
208
-5.3%
Share-based compensation
36.9
21.7
13.2
+70.1%
Buybacks
6.7
5.2
80.8
+29.3%
Dividends paid
17.6
17.6
17.6
+0.4%
Dividend per share
$0.24
$0.24
$0.24
0.0%
Diluted shares, weighted
74m
73m
73m
+0.4%
Shares outstanding at period end
73m
73m
73m
+0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,461
2,003
1,516
+22.9%
Debt
1,207
1,637
1,054
-26.3%
Other liabilities
4,467
4,323
2,995
+3.3%
Total liabilities and equity
8,135
7,962
5,565
+2.2%
Fixed assets
1,435
1,432
1,284
+0.2%
Goodwill
989
995
200
-0.6%
Intangible assets
687
748
49.9
-8.2%
Cash and equivalents
90.8
105
1,112
-13.3%
Receivables
598
580
278
+3.1%
Inventory
4,175
3,937
2,557
+6.0%
Other assets
160
165
84.5
-3.2%
Total assets
8,135
7,962
5,565
+2.2%
10-K for the year ended 2 January 2016, filed 1 March 2016: the filing.