Genuine Parts (GPC) FY2016 results: revenue $15.3 billion, up 0.4% on the year
Genuine Parts Co. (GPC) reported revenue of $15.3 billion for fiscal 2016, the year ended 31 December 2016, up 0.4% on the year before. Net income was $687 million, down 2.6%, and diluted earnings per share $4.59. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$15.3 billion
+0.4% on the year
FY2009FY2016
Operating margin
8.0%
8.4% a year earlier
FY2009FY2016
Net income
$687 million
-2.6% on the year
FY2009FY2016
Diluted EPS
$4.59
-0.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
15,340
15,280
15,342
+0.4%
Cost of revenue
10,740
10,724
10,748
+0.1%
Gross profit
4,600
4,556
4,594
+1.0%
Gross margin
30.0%
29.8%
29.9%
Selling, general and administrative
3,392
3,277
3,314
+3.5%
Operating income
1,229
1,279
1,269
-3.9%
Operating margin
8.0%
8.4%
8.3%
Interest expense
21.1
21.7
25.1
-2.7%
Pre-tax income
1,074
1,124
1,118
-4.4%
Income tax
387
418
406
-7.4%
Effective tax rate
36.0%
37.2%
36.4%
Net income
687
706
711
-2.6%
Net margin
4.5%
4.6%
4.6%
Diluted EPS
$4.59
$4.63
$4.61
-0.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
946
1,159
790
-18.4%
Capital expenditure
161
110
108
+46.6%
Free cash flow
785
1,050
682
-25.2%
Free cash flow margin
5.1%
6.9%
4.4%
Cash from investing
-594
n/a
n/a
Cash from financing
-322
n/a
n/a
Depreciation and amortisation
147
142
148
+4.1%
Share-based compensation
19.7
17.7
16.2
+11.3%
Buybacks
181
292
95.9
-37.9%
Dividends paid
387
368
347
+5.0%
Dividend per share
$2.63
$2.46
$2.30
+6.9%
Diluted shares, weighted
150m
152m
154m
-1.8%
Shares outstanding at period end
148m
150m
153m
-1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,194
3,147
3,301
+1.5%
Non-controlling interest
13.6
12.7
11.1
+7.5%
Debt
875
625
765
+40.0%
Other liabilities
4,777
4,361
4,168
+9.6%
Total liabilities and equity
8,859
8,145
8,246
+8.8%
Fixed assets
728
648
670
+12.3%
Goodwill
956
841
839
+13.7%
Intangible assets
619
521
548
+18.7%
Cash and equivalents
243
212
138
+14.8%
Inventory
3,210
3,000
3,044
+7.0%
Other assets
3,103
2,923
3,008
+6.2%
Total assets
8,859
8,145
8,246
+8.8%
10-K for the year ended 31 December 2016, filed 25 February 2019: the filing.