GENUINE PARTS CO

10-K & 10-Q Filings

Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The company was incorporated in Georgia in 1928 and operates in North America, Europe, and Australasia. Its purpose is to be an employer of choice, supplier of choice, valued customer, responsible corporate citizen, and investment of choice for its shareholders. The company's strategy focuses on its market-leading positions in the automotive and industrial markets, extensive supply chain and distribution capabilities, and enhanced technology solutions. The company operates through two business segments: Automotive and Industrial. The Automotive segment distributes automotive parts, accessories, and solutions in North America, Europe, and Australasia, and serves both commercial and retail customers. The Industrial segment operates in North America and Australasia through its subsidiaries Motion Industries and Motion Asia Pacific, and offers replacement parts and solutions to MRO and OEM customers. Genuine Parts Company's website is www.genpt.com, and its common stock is traded on the New York Stock Exchange under the ticker symbol "MPANY." The company's business is highly competitive and fragmented, with competition coming from other national, regional, and local distributors, general line distributors, manufacturers, and industrial eCommerce sites. The company competes primarily on the breadth of product offerings, quality service, and competitive pricing. The company is committed to sustainable and efficient operations and business practices, reducing its environmental footprint, promoting a diverse, equitable, and inclusive workplace, and giving back to the communities in which it operates. It also provides various human capital management programs to attract, retain, and develop employees, and offers scholarships and partnerships to support disadvantaged individuals and communities.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$12458.88
13013.87
14077.84
15341.65
15280.04
15339.71
16308.80
18735.07
19392.31
16537.43
18870.51
22095.97
23090.61
5765.12
5783.63
5.28%0.32%Cost of Revenue (-)
$8852.84
9235.78
9857.92
10747.89
10724.19
10740.11
11402.40
12751.29
13076.04
10882.59
12236.37
14355.87
14799.94
3751.72
3708.98
4.38%-1.14%Gross Profit (+)
$3606.04
3778.09
4219.92
4593.76
4555.85
4599.61
4906.40
5983.79
6316.27
5654.84
6634.14
7740.10
8290.67
2013.40
2074.66
7.18%3.04%Selling, General & Administrative (-)
$2594.37
2648.43
3019.04
3314.03
3277.39
3370.83
3705.14
4615.29
4934.17
4386.74
5162.51
5758.30
6167.14
1511.24
1574.93
7.48%4.21%Depreciation & Amortization (-)
$88.94
98.38
133.96
148.31
141.68
147.49
167.69
241.63
270.29
272.84
290.97
347.82
350.53
87.22
90.61
12.11%3.89%Non-recurring Operating Expenses (-)
$
236.91
556.74
83.04
Operating Expenses (-)
$2696.56
2754.86
3161.68
3469.53
3431.44
3529.84
3886.76
4874.07
5413.51
5239.90
5471.22
6125.90
6543.62
1604.10
1754.79
7.67%9.39%Costs & Expenses (Total) (-)
$11549.39
11990.64
13019.61
14217.42
14155.63
14269.94
15289.16
17625.36
18532.31
16122.49
17707.59
20481.77
21343.56
5355.82
5463.77
5.25%2.02%Operating Income/Loss (+)
$909.48
1023.23
1058.24
1124.23
1124.41
1069.77
1019.64
1109.72
860.00
414.94
1162.92
1614.20
1747.05
409.30
319.87
5.59%-21.85%Non-operating Income/Expense (+)
$-18.68
-4.30
-13.93
-6.49
-0.73
4.57
-10.37
-34.10
-72.46
-35.58
37.43
-41.60
-4.71
-4.90
5.32
208.56%Interest Expense (-)
$27.04
20.48
26.97
25.09
21.66
21.08
41.49
101.92
95.71
93.71
62.15
73.89
64.47
16.86
17.69
7.51%4.90%Earnings before Tax (+)
$890.81
1018.93
1044.30
1117.74
1123.68
1074.34
1009.27
1075.61
830.30
379.37
1200.35
1572.60
1742.35
404.41
325.18
5.75%-19.59%Tax Expense (-)
$325.69
370.89
359.35
406.45
418.01
387.10
392.51
265.14
209.22
215.97
301.56
389.90
425.82
100.45
76.29
2.26%-24.05%Income/Loss (Continuing Operations) (+)
$565.12
648.04
684.96
711.29
705.67
687.24
616.76
810.47
621.08
163.40
898.79
1182.70
1316.52
303.96
248.89
7.30%-18.12%Income/Loss (Discontinued Operations) (+)
$
-192.50
Profit/Loss (+)
$565.12
648.04
684.96
711.29
Net Income/Loss (+)
$565.12
648.04
684.96
711.29
705.67
687.24
616.76
810.47
621.09
-29.10
898.79
1182.70
1316.52
303.96
248.89
7.30%-18.12%Net Income/Loss (Common) (+)
$565.12
648.04
684.96
711.29
705.67
687.24
616.76
810.47
621.09
-29.10
898.79
1182.70
1316.52
303.96
248.89
7.30%-18.12%EPS (Basic)
$3.61
4.17
4.43
4.64
4.65
4.61
4.19
5.53
4.26
-0.20
6.27
8.36
2.16
1.79
-17.13%EPS (Diluted)
$3.58
4.14
4.40
4.61
4.63
4.59
4.18
5.50
4.24
-0.20
6.23
8.31
2.14
1.78
-16.82%Weighted Avg Shares (Basic)
156.66
0.16
154.64
153.30
151.67
149.05
147.14
146.66
145.74
144.47
143.44
141.47
139.42
140.52
139.30
-0.97%-0.87%Weighted Avg Shares (Diluted)
157.66
0.16
155.71
154.38
152.50
149.80
147.70
147.24
146.42
145.12
144.22
142.32
Cash
$525.05
403.10
196.89
137.73
211.63
242.88
314.90
333.55
276.99
990.17
714.70
653.46
1102.01
651.18
1049.59
6.37%61.18%Receivables
$1461.01
1490.03
1664.82
1872.37
1822.42
1938.56
2421.56
2493.64
2635.16
1556.97
1797.95
2188.87
2223.43
2420.85
2425.04
3.56%0.17%Inventory
$2262.00
2602.56
2946.02
3043.85
2999.97
3210.32
3771.09
3609.39
3831.18
3506.27
3889.92
4441.65
4676.69
4579.59
4736.11
6.24%3.42%Prepaid Expenses (Current)
$328.53
324.45
413.76
538.58
521.30
556.67
805.34
1139.12
1195.29
1060.36
1353.85
1532.76
1603.73
1532.81
1595.57
14.12%4.09%Other Assets (Current)
$
Assets (Current)
$4576.60
4820.13
5221.49
5592.52
5555.32
5948.43
7312.89
7575.69
7938.62
7113.76
7756.42
8816.74
9605.85
9184.43
9806.31
6.37%6.77%Property, Plant & Equipment (Net)
$74.33
88.71
87.66
87.65
85.45
92.05
104.05
1027.23
2290.75
2200.92
2288.09
2430.69
2885.53
2494.55
3028.99
35.65%21.42%Goodwill & Intangibles
$
1289.36
1386.59
1361.80
1574.66
3554.38
3540.42
3862.44
3415.73
3321.71
4400.62
4527.59
4389.89
4509.20
2.72%Other Assets
$1228.66
1898.22
1081.79
1179.47
1142.21
1244.26
1441.06
539.70
553.82
709.80
985.88
847.33
949.48
838.66
992.01
-2.13%18.29%Assets (Non-current)
$1302.99
1986.93
2458.81
2653.71
2589.45
2910.97
5099.49
5107.35
6707.01
6326.45
6595.68
7678.64
8362.60
7723.10
8530.21
16.76%10.45%Assets (Total)
$5879.59
6807.06
7680.30
8246.24
8144.77
8859.40
12412.38
12683.04
14645.63
13440.22
14352.10
16495.38
17968.45
16907.53
18336.51
9.76%8.45%Accounts Payable
$1695.15
1878.24
2506.71
2808.09
3062.39
3321.64
3931.91
4101.16
4217.01
4242.13
4920.82
5582.74
5632.17
5810.87
5865.13
10.52%0.93%Debt (Current)
$
250.00
264.66
265.47
375.00
325.00
694.99
711.15
624.04
160.53
252.03
355.30
290.33
845.05
191.07%Other Liabilities (Current)
$116.92
359.39
411.68
510.56
503.27
597.51
847.13
1088.43
1553.06
1491.43
1660.77
1851.34
1839.64
1816.33
1929.30
25.82%6.22%Liabilities (Current)
$1812.07
2487.64
3183.04
3584.11
3940.65
4244.15
5474.02
5900.73
6394.12
5894.08
6581.58
7686.11
7827.11
7917.52
8639.49
12.97%9.12%Debt (Non-current)
$500.00
250.00
500.00
500.00
250.00
550.00
2550.02
2432.13
3627.62
2516.61
2409.36
3076.79
3550.93
3094.32
3029.61
17.75%-2.09%Other Liabilities
$774.70
1061.24
638.49
849.76
794.88
857.89
924.18
878.18
928.39
1811.51
1857.87
1928.03
2173.43
1956.05
2250.24
8.98%15.04%Liabilities (Non-current)
$1274.70
1311.24
1138.49
1349.76
1044.88
1407.89
3474.20
3310.32
4556.01
4328.13
4267.23
5004.82
5724.36
5050.37
5279.85
13.33%4.54%Liabilities (Total)
$3086.77
3798.88
4321.53
4933.87
4985.53
5652.04
8948.23
9211.05
10950.13
10222.21
10848.81
12690.93
13551.47
12967.90
13919.34
13.12%7.34%Retained Earnings
$3109.62
3344.54
3578.02
3841.93
3885.75
4001.73
4049.97
4341.21
4571.86
3979.78
4086.32
4541.64
5065.33
4644.77
5137.60
4.15%10.61%AOCI
$-482.04
-501.49
-397.65
-720.21
-930.62
-1013.02
-852.59
-1115.08
-1141.31
-1036.50
-857.74
-1032.54
-976.87
-1006.80
-1053.90
-4.68%Shareholder's Equity
$2792.82
3008.18
3358.77
3312.36
3159.24
3207.36
3464.16
3471.99
3695.50
3218.00
3503.29
3804.45
4416.98
3939.64
4417.18
3.89%12.12%Liabilities & Equity
$5879.59
6807.06
7680.30
8246.24
8144.77
8859.40
12412.38
12683.04
14645.63
13440.22
14352.10
16495.38
17968.45
16907.53
18336.51
9.76%8.45%Net Income/Loss
$565.12
648.04
684.96
711.29
705.67
687.24
616.76
810.47
621.09
-29.10
898.79
1182.70
1316.52
303.96
248.89
7.30%-18.12%Depreciation & Amortization
$88.94
98.38
133.96
148.31
141.68
147.49
167.69
241.63
270.29
272.84
290.97
347.82
350.53
87.22
90.61
12.11%3.89%Increase/Decrease in Working Capital
$-59.81
-258.40
-371.77
-78.86
-453.70
-258.84
-198.29
-334.69
65.23
-1053.42
21.55
19.40
289.16
201.73
26.30
-86.96%Share-based Compensation
$7.55
10.75
12.65
16.24
17.72
19.72
16.89
20.72
32.05
22.62
25.60
38.06
57.23
8.65
8.56
18.39%-0.95%Adjustments to Reconcile Net Income
$59.81
258.40
371.77
78.86
453.70
258.84
198.29
334.69
270.93
1851.13
359.49
284.27
119.09
-106.45
69.41
5.91%165.21%Net Cash (Operating)
$624.93
906.44
1056.73
790.14
1159.37
946.08
815.04
1145.16
892.01
2177.92
1258.29
1466.97
1435.61
197.51
318.31
7.18%61.16%Capital Expenditure
$231.50
93.48
825.58
386.71
263.63
594.00
1630.28
496.12
563.21
-182.77
506.16
1842.68
786.27
125.72
178.44
10.73%41.94%Net Cash (Investing)
$-231.50
-651.87
-825.58
-386.71
-263.63
-594.00
-1630.28
-496.12
-563.21
182.77
-506.16
-1684.24
-705.79
-45.24
-178.44
-294.47%Increase/Decrease in Debt
$
24.60
-7.94
-142.97
250.00
1446.30
-59.97
139.40
-895.00
-160.73
960.87
531.17
41.26
-0.65
-101.57%Increase/Decrease in Equity
$-122.08
-81.83
-120.67
-95.95
-292.27
-181.42
-173.52
-91.98
-74.19
-96.22
-333.60
-222.73
-261.47
-67.50
-37.50
44.45%Interest Expenses
$27.64
20.42
27.22
25.16
23.69
19.04
38.40
102.13
95.28
91.34
65.73
73.37
90.41
10.38%Dividends Paid
$276.37
300.98
326.22
347.27
368.28
386.86
395.48
415.98
438.89
453.28
465.65
495.92
526.67
126.19
132.63
5.52%5.11%Net Cash (Financing)
$-394.14
-378.83
-425.12
-455.44
-806.07
-322.41
872.06
-608.83
-385.96
-1513.77
-989.53
205.10
-292.16
-157.81
-175.22
-11.03%Cash Taxes Paid
$317.75
381.41
342.37
408.60
352.15
374.87
298.83
236.54
303.74
223.02
305.33
362.86
366.27
1.19%Effect of Exchange Rate
$-4.20
2.30
-12.24
-7.15
-15.77
1.57
15.20
-21.56
0.60
35.74
-38.05
-49.07
10.89
3.26
-17.06
-622.93%Increase/Decrease in Cash
$-4.91
-121.96
-206.20
-59.16
73.90
31.25
72.02
18.65
-56.55
713.17
-275.46
-61.24
448.54
-2.28
-52.42
-2199.08%Cash (Beginning)
$529.97
525.05
403.10
196.89
137.73
211.63
242.88
314.90
333.55
276.99
990.17
714.70
653.46
653.46
1102.01
1.76%68.64%Cash (Ending)
$525.05
403.10
196.89
137.73
211.63
242.88
314.90
333.55
276.99
990.17
714.70
653.46
1102.01
651.18
1049.59
6.37%61.18%NOPAT
$585.07
640.21
711.30
713.25
772.03
696.50
717.74
865.68
545.40
171.01
867.11
1241.74
1379.79
307.64
244.83
7.41%-20.42%Gross Margin %
28.94%
29.03%
29.98%
29.94%
29.82%
29.98%
30.08%
31.94%
32.57%
34.19%
35.16%
35.03%
35.90%
34.92%
35.87%
Operating Margin %
7.30%
7.86%
7.52%
7.33%
7.36%
6.97%
6.25%
5.92%
4.43%
2.51%
6.16%
7.31%
7.57%
7.10%
5.53%
NOPAT Margin %
4.70%
4.92%
5.05%
4.65%
5.05%
4.54%
4.40%
4.62%
2.81%
1.03%
4.60%
5.62%
5.98%
5.34%
4.23%
Net Margin %
4.54%
4.98%
4.87%
4.64%
4.62%
4.48%
3.78%
4.33%
3.20%
-0.18%
4.76%
5.35%
5.70%
5.27%
4.30%
Tax Rate %
35.67%
37.43%
32.78%
36.56%
31.34%
34.89%
29.61%
21.99%
36.58%
58.79%
25.44%
23.07%
21.02%
24.84%
23.46%
ROA
9.95%
9.41%
9.26%
8.65%
9.48%
7.86%
5.78%
6.83%
3.72%
1.27%
6.04%
7.53%
7.68%
1.82%
1.34%
ROE
20.95%
21.28%
21.18%
21.53%
24.44%
21.72%
20.72%
24.93%
14.76%
5.31%
24.75%
32.64%
31.24%
7.81%
5.54%
ROIC
20.19%
22.46%
18.30%
17.82%
20.93%
17.44%
10.85%
11.55%
5.99%
2.21%
11.39%
13.59%
13.18%
3.32%
2.44%
Asset Turnover
2.12
1.91
1.83
1.86
1.88
1.73
1.31
1.48
1.32
1.23
1.31
1.34
1.29
0.34
0.32
Inventory Turnover
3.91
3.55
3.35
3.53
3.57
3.35
3.02
3.53
3.41
3.10
3.15
3.23
3.16
0.82
0.78
Equity Multiplier
2.11
2.26
2.29
2.49
2.58
2.76
3.58
3.65
3.96
4.18
4.10
4.34
4.07
4.29
4.15
Current Ratio
2.53
1.94
1.64
1.56
1.41
1.40
1.34
1.28
1.24
1.21
1.18
1.15
1.23
1.16
1.14
Quick Ratio
1.10
0.76
0.58
0.56
0.52
0.51
0.50
0.48
0.46
0.43
0.38
0.37
0.42
0.39
0.40
Debt/Equity Ratio
0.18
0.17
0.23
0.23
0.20
0.27
0.94
0.91
1.15
0.83
0.69
0.87
0.88
0.86
0.88
Interest Coverage Ratio
32.90
50.12
38.88
44.69
47.47
56.18
26.55
10.87
9.03
4.54
17.69
22.00
19.32
Working Capital/Sales
0.23
0.21
0.18
0.16
0.15
0.15
0.18
0.16
0.15
0.13
0.11
0.10
0.13
0.41
0.43
Dividend Payout Ratio %
47.24%
47.01%
45.86%
48.69%
47.70%
55.54%
55.10%
48.05%
80.47%
265.06%
53.70%
39.94%
38.17%
41.02%
54.18%
Total Payout
$426.09
403.23
449.51
476.31
827.21
337.32
-838.90
670.07
468.96
1535.84
1025.71
-168.86
347.38
152.43
170.78
-1.69%12.04%Payout Ratio %
72.83%
62.98%
63.20%
66.78%
107.15%
48.43%
-116.88%
77.40%
85.98%
898.10%
118.29%
-13.60%
25.18%
49.55%
69.76%