Genuine Parts (GPC) FY2012 results: revenue $13.0 billion, up 4.5% on the year
Genuine Parts Co. (GPC) reported revenue of $13.0 billion for fiscal 2012, the year ended 31 December 2012, up 4.5% on the year before. Net income was $648 million, up 14.7%, and diluted earnings per share $4.14. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$13.0 billion
+4.5% on the year
FY2006FY2012
Operating margin
8.3%
7.9% a year earlier
FY2006FY2012
Net income
$648 million
+14.7% on the year
FY2006FY2012
Diluted EPS
$4.14
+15.6% on the year
FY2006FY2012
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
13,014
12,459
11,208
+4.5%
Cost of revenue
9,236
8,853
7,955
+4.3%
Gross profit
3,778
3,606
3,253
+4.8%
Gross margin
29.0%
28.9%
29.0%
Selling, general and administrative
2,657
2,594
2,367
+2.4%
Operating income
1,078
980
839
+10.0%
Operating margin
8.3%
7.9%
7.5%
Interest expense
20.5
27.0
28.1
-24.2%
Pre-tax income
1,019
891
762
+14.4%
Income tax
371
326
286
+13.9%
Effective tax rate
36.4%
36.6%
37.6%
Net income
648
565
476
+14.7%
Net margin
5.0%
4.5%
4.2%
Diluted EPS
$4.14
$3.58
$3.00
+15.6%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
906
625
679
+45.0%
Capital expenditure
102
103
85.4
-1.4%
Free cash flow
804
521
593
+54.3%
Free cash flow margin
6.2%
4.2%
5.3%
Cash from investing
-652
-231
-172
Cash from financing
-379
-394
-321
Depreciation and amortisation
98.4
88.9
89.3
+10.6%
Share-based compensation
10.7
7.5
7.0
+42.4%
Buybacks
81.8
122
75.0
-33.0%
Dividends paid
301
276
258
+8.9%
Dividend per share
$1.98
$1.80
$1.64
+10.0%
Diluted shares, weighted
156m
158m
158m
-0.8%
Shares outstanding at period end
155m
156m
158m
-0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,998
2,744
2,794
+9.3%
Non-controlling interest
10.3
9.6
8.9
+7.4%
Debt
500
500
500
0.0%
Other liabilities
3,299
2,949
2,486
+11.9%
Total liabilities and equity
6,807
6,203
5,788
+9.7%
Fixed assets
566
500
484
+13.2%
Goodwill
298
178
n/a
+67.8%
Intangible assets
200
102
59.3
+95.6%
Cash and equivalents
403
525
530
-23.2%
Inventory
2,603
2,440
2,225
+6.7%
Other assets
2,737
2,458
2,490
+11.4%
Total assets
6,807
6,203
5,788
+9.7%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.