Genuine Parts (GPC) FY2015 results: revenue $15.3 billion, down 0.4% on the year
Genuine Parts Co. (GPC) reported revenue of $15.3 billion for fiscal 2015, the year ended 31 December 2015, down 0.4% on the year before. Net income was $706 million, down 0.8%, and diluted earnings per share $4.63. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$15.3 billion
-0.4% on the year
FY2008FY2015
Operating margin
8.4%
8.3% a year earlier
FY2008FY2015
Net income
$706 million
-0.8% on the year
FY2008FY2015
Diluted EPS
$4.63
+0.4% 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
15,280
15,342
14,078
-0.4%
Cost of revenue
10,724
10,748
9,858
-0.2%
Gross profit
4,556
4,594
4,220
-0.8%
Gross margin
29.8%
29.9%
30.0%
Selling, general and administrative
3,277
3,314
3,028
-1.1%
Operating income
1,279
1,269
1,132
+0.8%
Operating margin
8.4%
8.3%
8.0%
Interest expense
21.7
25.1
27.0
-13.7%
Pre-tax income
1,124
1,118
1,044
+0.5%
Income tax
418
406
359
+2.8%
Effective tax rate
37.2%
36.4%
34.4%
Net income
706
711
685
-0.8%
Net margin
4.6%
4.6%
4.9%
Diluted EPS
$4.63
$4.61
$4.40
+0.4%
$ 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
1,159
790
1,057
+46.7%
Capital expenditure
110
108
124
+1.7%
Free cash flow
1,050
682
933
+53.8%
Free cash flow margin
6.9%
4.4%
6.6%
Cash from investing
n/a
n/a
-826
Cash from financing
n/a
n/a
-425
Depreciation and amortisation
142
148
134
-4.5%
Share-based compensation
17.7
16.2
12.6
+9.1%
Buybacks
292
95.9
121
+204.6%
Dividends paid
368
347
326
+6.1%
Dividend per share
$2.46
$2.30
$2.15
+7.0%
Diluted shares, weighted
152m
154m
156m
-1.2%
Shares outstanding at period end
150m
153m
154m
-2.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,147
3,301
3,349
-4.7%
Non-controlling interest
12.7
11.1
9.7
+14.0%
Debt
625
765
765
-18.4%
Other liabilities
4,361
4,168
3,557
+4.6%
Total liabilities and equity
8,145
8,246
7,680
-1.2%
Fixed assets
648
670
670
-3.3%
Goodwill
841
839
790
+0.2%
Intangible assets
521
548
499
-4.8%
Cash and equivalents
212
138
197
+53.7%
Inventory
3,000
3,044
2,946
-1.4%
Other assets
2,923
3,008
2,578
-2.8%
Total assets
8,145
8,246
7,680
-1.2%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.