Advance Auto Parts (AAP) FY2024 results: revenue $9.1 billion, down 1.2% on the year
Advance Auto Parts Inc. (AAP) reported revenue of $9.1 billion for fiscal 2024, the year ended 28 December 2024, down 1.2% on the year before. Net income was -$336 million, and diluted earnings per share $-5.61. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$9.1 billion
-1.2% on the year
FY2017FY2024
Operating margin
-7.8%
0.4% a year earlier
FY2017FY2024
Net income
-$336 million
FY2017FY2024
Diluted EPS
-$5.61
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
85.0
287
737
-70.4%
Capital expenditure
181
226
399
-20.0%
Free cash flow
-95.8
61.4
338
Free cash flow margin
-1.1%
0.7%
3.7%
Cash from investing
1,355
-235
-424
Cash from financing
-75.0
189
-621
Depreciation and amortisation
292
269
248
+8.5%
Share-based compensation
42.0
41.0
46.5
+2.4%
Buybacks
6.5
14.5
618
-55.2%
Dividends paid
60.0
209
336
-71.3%
Dividend per share
$1.00
$2.25
$6.00
-55.6%
Diluted shares, weighted
60m
60m
61m
+0.5%
Shares outstanding at period end
60m
60m
59m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,170
2,520
2,599
-13.9%
Debt
1,789
1,786
1,373
+0.2%
Operating lease liabilities
1,897
2,040
2,278
-7.0%
Other liabilities
4,942
5,930
5,736
-16.7%
Total liabilities and equity
10,798
12,276
11,986
-12.0%
Fixed assets
1,334
1,556
1,690
-14.2%
Goodwill
598
601
990
-0.5%
Intangible assets
406
419
621
-3.2%
Cash and equivalents
1,869
488
271
+283.0%
Receivables
544
610
684
-10.7%
Inventory
3,612
3,894
4,896
-7.2%
Other assets
2,434
4,709
2,834
-48.3%
Total assets
10,798
12,276
11,986
-12.0%
10-K for the year ended 28 December 2024, filed 26 February 2025: the filing.