Advance Auto Parts (AAP) FY2022 results: revenue $9.1 billion, down 16.8% on the year
Advance Auto Parts Inc. (AAP) reported revenue of $9.1 billion for fiscal 2022, the year ended 31 December 2022, down 16.8% on the year before. Net income was $464 million, down 22.2%, and diluted earnings per share $7.65. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$9.1 billion
-16.8% on the year
FY2015FY2022
Operating margin
5.7%
7.5% a year earlier
FY2015FY2022
Net income
$464 million
-22.2% on the year
FY2015FY2022
Diluted EPS
$7.65
-17.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
737
1,107
970
-33.5%
Capital expenditure
399
290
268
+37.7%
Free cash flow
338
817
702
-58.7%
Free cash flow margin
3.7%
7.4%
6.9%
Cash from investing
-424
-287
-267
Cash from financing
-621
-1,064
-286
Depreciation and amortisation
248
260
250
-4.5%
Share-based compensation
46.5
63.1
45.3
-26.3%
Buybacks
618
906
470
-31.8%
Dividends paid
336
161
56.3
+108.9%
Dividend per share
$6.00
$3.25
$1.00
+84.6%
Diluted shares, weighted
61m
65m
69m
-5.9%
Shares outstanding at period end
59m
62m
66m
-4.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,599
3,082
3,537
-15.7%
Debt
1,373
1,034
1,033
+32.8%
Operating lease liabilities
2,278
2,338
2,014
-2.5%
Other liabilities
5,736
5,740
5,255
-0.1%
Total liabilities and equity
11,986
12,194
11,840
-1.7%
Fixed assets
1,690
1,528
1,463
+10.6%
Goodwill
990
994
994
-0.3%
Intangible assets
621
651
681
-4.7%
Cash and equivalents
271
588
835
-53.9%
Receivables
684
754
750
-9.3%
Inventory
4,896
4,683
4,538
+4.6%
Other assets
2,834
2,996
2,579
-5.4%
Total assets
11,986
12,194
11,840
-1.7%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.