Genuine Parts (GPC) FY2018 results: revenue $16.8 billion, up 16.9% on the year
Genuine Parts Co. (GPC) reported revenue of $16.8 billion for fiscal 2018, the year ended 31 December 2018, up 16.9% on the year before. Net income was $810 million, up 31.4%, and diluted earnings per share $5.50. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$16.8 billion
+16.9% on the year
FY2011FY2018
Operating margin
8.5%
8.8% a year earlier
FY2011FY2018
Net income
$810 million
+31.4% on the year
FY2011FY2018
Diluted EPS
$5.50
+31.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
16,832
14,396
15,340
+16.9%
Cost of revenue
11,312
9,965
10,740
+13.5%
Gross profit
5,520
4,431
4,600
+24.6%
Gross margin
32.8%
30.8%
30.0%
Selling, general and administrative
4,241
3,358
3,392
+26.3%
Operating income
1,431
1,260
1,229
+13.6%
Operating margin
8.5%
8.8%
8.0%
Interest expense
102
41.3
21.1
+146.6%
Pre-tax income
995
931
1,074
+6.9%
Income tax
245
367
387
-33.2%
Effective tax rate
24.6%
39.4%
36.0%
Net income
810
617
687
+31.4%
Net margin
4.8%
4.3%
4.5%
Diluted EPS
$5.50
$4.18
$4.59
+31.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,145
815
946
+40.5%
Capital expenditure
227
149
161
+52.3%
Free cash flow
919
666
785
+37.9%
Free cash flow margin
5.5%
4.6%
5.1%
Cash from investing
-496
-1,630
-594
Cash from financing
-609
872
-322
Depreciation and amortisation
228
153
147
+48.9%
Share-based compensation
17.7
14.0
19.7
+26.4%
Buybacks
92.0
174
181
-47.0%
Dividends paid
416
395
387
+5.2%
Dividend per share
$2.88
$2.70
$2.63
+6.7%
Diluted shares, weighted
147m
148m
150m
-0.3%
Shares outstanding at period end
146m
147m
148m
-0.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,450
3,412
3,194
+1.1%
Non-controlling interest
21.5
52.0
13.6
-58.6%
Debt
3,143
3,245
875
-3.1%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
6,068
5,703
4,777
+6.4%
Total liabilities and equity
12,683
12,412
8,859
+2.2%
Fixed assets
995
904
728
+10.1%
Goodwill
2,047
2,072
956
-1.2%
Intangible assets
1,328
1,311
619
+1.3%
Cash and equivalents
334
315
243
+5.9%
Inventory
3,212
3,771
3,210
-14.8%
Other assets
4,768
4,040
3,103
+18.0%
Total assets
12,683
12,412
8,859
+2.2%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.