Genuine Parts (GPC) FY2022 results: revenue $22.1 billion, up 17.1% on the year
Genuine Parts Co. (GPC) reported revenue of $22.1 billion for fiscal 2022, the year ended 31 December 2022, up 17.1% on the year before. Net income was $1.2 billion, up 31.6%, and diluted earnings per share $8.31. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$22.1 billion
+17.1% on the year
FY2015FY2022
Operating margin
7.3%
6.2% a year earlier
FY2015FY2022
Net income
$1.2 billion
+31.6% on the year
FY2015FY2022
Diluted EPS
$8.31
+33.4% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,467
1,258
2,020
+16.6%
Capital expenditure
340
266
154
+27.6%
Free cash flow
1,127
992
1,866
+13.6%
Free cash flow margin
5.1%
5.3%
11.3%
Cash from investing
-1,684
-506
n/a
Cash from financing
205
-990
n/a
Depreciation and amortisation
348
291
273
+19.5%
Share-based compensation
38.1
25.6
22.6
+48.7%
Buybacks
223
334
96.2
-33.2%
Dividends paid
496
466
453
+6.5%
Dividend per share
$3.58
$3.26
$3.16
+9.8%
Diluted shares, weighted
142m
144m
145m
-1.3%
Shares outstanding at period end
141m
142m
144m
-0.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,790
3,491
3,205
+8.6%
Non-controlling interest
14.1
12.5
13.2
+12.2%
Debt
3,329
2,409
2,677
+38.2%
Operating lease liabilities
836
789
789
+5.9%
Other liabilities
8,526
7,650
6,756
+11.4%
Total liabilities and equity
16,495
14,352
13,440
+14.9%
Fixed assets
1,326
1,234
1,162
+7.4%
Goodwill
2,588
1,915
1,917
+35.1%
Intangible assets
1,813
1,406
1,498
+28.9%
Cash and equivalents
653
715
990
-8.6%
Inventory
4,442
3,890
3,506
+14.2%
Other assets
5,674
5,191
4,366
+9.3%
Total assets
16,495
14,352
13,440
+14.9%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.