Genuine Parts (GPC) FY2020 results: revenue $16.5 billion, down 5.6% on the year
Genuine Parts Co. (GPC) reported revenue of $16.5 billion for fiscal 2020, the year ended 31 December 2020, down 5.6% on the year before. Net income was -$29 million, and diluted earnings per share $-0.20. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$16.5 billion
-5.6% on the year
FY2013FY2020
Operating margin
2.5%
5.2% a year earlier
FY2013FY2020
Net income
-$29 million
FY2013FY2020
Diluted EPS
-$0.20
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
16,537
17,522
16,832
-5.6%
Cost of revenue
10,883
11,663
11,312
-6.7%
Gross profit
5,655
5,860
5,520
-3.5%
Gross margin
34.2%
33.4%
32.8%
Selling, general and administrative
4,387
4,578
4,241
-4.2%
Operating income
415
911
1,431
-54.4%
Operating margin
2.5%
5.2%
8.5%
Interest expense
91.0
91.4
102
-0.4%
Pre-tax income
379
859
995
-55.9%
Income tax
216
213
245
+1.5%
Effective tax rate
56.9%
24.8%
24.6%
Net income
-29.1
621
810
Net margin
-0.2%
3.5%
4.8%
Diluted EPS
-$0.20
$4.24
$5.50
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,020
892
1,145
+126.4%
Capital expenditure
154
278
227
-44.8%
Free cash flow
1,866
614
919
+203.9%
Free cash flow margin
11.3%
3.5%
5.5%
Cash from investing
n/a
-563
-496
Cash from financing
n/a
-386
-609
Depreciation and amortisation
273
257
228
+6.1%
Share-based compensation
22.6
28.7
17.7
-21.2%
Buybacks
96.2
74.2
92.0
+29.7%
Dividends paid
453
439
416
+3.3%
Dividend per share
$3.16
$3.05
$2.88
+3.6%
Diluted shares, weighted
145m
146m
147m
-0.9%
Shares outstanding at period end
144m
145m
146m
-0.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,205
3,675
3,450
-12.8%
Non-controlling interest
13.2
20.8
21.5
-36.5%
Debt
2,677
3,426
3,143
-21.9%
Operating lease liabilities
789
757
0.0
+4.3%
Other liabilities
6,756
6,768
6,068
-0.2%
Total liabilities and equity
13,440
14,646
12,683
-8.2%
Fixed assets
1,162
1,174
995
-1.0%
Goodwill
1,917
2,294
2,047
-16.4%
Intangible assets
1,498
1,492
1,328
+0.4%
Cash and equivalents
990
277
334
+257.5%
Inventory
3,506
3,444
3,212
+1.8%
Other assets
4,366
5,965
4,768
-26.8%
Total assets
13,440
14,646
12,683
-8.2%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.