Advance Auto Parts (AAP) FY2021 results: revenue $11.0 billion, up 8.8% on the year
Advance Auto Parts Inc. (AAP) reported revenue of $11.0 billion for fiscal 2021, the year ended 1 January 2022, up 8.8% on the year before. Net income was $597 million, up 21.0%, and diluted earnings per share $9.25. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$11.0 billion
+8.8% on the year
FY2014FY2021
Operating margin
7.5%
7.4% a year earlier
FY2014FY2021
Net income
$597 million
+21.0% on the year
FY2014FY2021
Diluted EPS
$9.25
+29.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,107
970
867
+14.2%
Capital expenditure
290
268
270
+8.2%
Free cash flow
817
702
597
+16.4%
Free cash flow margin
7.4%
6.9%
6.1%
Cash from investing
-287
-267
-463
Cash from financing
-1,064
-286
-882
Depreciation and amortisation
260
250
238
+3.9%
Share-based compensation
63.1
45.3
37.4
+39.3%
Buybacks
906
470
498
+92.9%
Dividends paid
161
56.3
17.2
+185.6%
Dividend per share
$3.25
$1.00
$0.24
+225.0%
Diluted shares, weighted
65m
69m
71m
-6.5%
Shares outstanding at period end
62m
66m
69m
-6.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,082
3,537
3,549
-12.9%
Debt
1,034
1,033
747
+0.1%
Operating lease liabilities
2,338
2,014
2,017
+16.0%
Other liabilities
5,740
5,255
4,935
+9.2%
Total liabilities and equity
12,194
11,840
11,249
+3.0%
Fixed assets
1,528
1,463
1,433
+4.5%
Goodwill
994
994
992
+0.0%
Intangible assets
651
681
710
-4.4%
Cash and equivalents
588
835
419
-29.6%
Receivables
754
750
689
+0.5%
Inventory
4,683
4,538
4,432
+3.2%
Other assets
2,996
2,579
2,573
+16.2%
Total assets
12,194
11,840
11,249
+3.0%
10-K for the year ended 1 January 2022, filed 15 February 2022: the filing.