Genuine Parts (GPC) FY2021 results: revenue $18.9 billion, up 14.1% on the year
Genuine Parts Co. (GPC) reported revenue of $18.9 billion for fiscal 2021, the year ended 31 December 2021, up 14.1% on the year before. Net income was $899 million, and diluted earnings per share $6.23. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$18.9 billion
+14.1% on the year
FY2014FY2021
Operating margin
6.2%
2.5% a year earlier
FY2014FY2021
Net income
$899 million
FY2014FY2021
Diluted EPS
$6.23
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,258
2,020
892
-37.7%
Capital expenditure
266
154
278
+73.4%
Free cash flow
992
1,866
614
-46.8%
Free cash flow margin
5.3%
11.3%
3.5%
Cash from investing
-506
n/a
-563
Cash from financing
-990
n/a
-386
Depreciation and amortisation
291
273
257
+6.6%
Share-based compensation
25.6
22.6
28.7
+13.2%
Buybacks
334
96.2
74.2
+246.7%
Dividends paid
466
453
439
+2.7%
Dividend per share
$3.26
$3.16
$3.05
+3.2%
Diluted shares, weighted
144m
145m
146m
-0.6%
Shares outstanding at period end
142m
144m
145m
-1.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,491
3,205
3,675
+8.9%
Non-controlling interest
12.5
13.2
20.8
-5.0%
Debt
2,409
2,677
3,426
-10.0%
Operating lease liabilities
789
789
757
-0.0%
Other liabilities
7,650
6,756
6,768
+13.2%
Total liabilities and equity
14,352
13,440
14,646
+6.8%
Fixed assets
1,234
1,162
1,174
+6.2%
Goodwill
1,915
1,917
2,294
-0.1%
Intangible assets
1,406
1,498
1,492
-6.1%
Cash and equivalents
715
990
277
-27.8%
Inventory
3,890
3,506
3,444
+10.9%
Other assets
5,191
4,366
5,965
+18.9%
Total assets
14,352
13,440
14,646
+6.8%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.