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ADVANCE AUTO PARTS INC (AAP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Jan-01-22Jan-02-21Dec-28-19Dec-29-18Dec-30-17Dec-31-16Jan-02-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  11,154.710,998.010,106.39,709.09,580.69,373.89,567.79,737.0
            Revenue growth  1.4%8.8%4.1%1.3%2.2%-2.0%-1.7%-1.1%
                Unit growth         -1.5%
Cost of goods sold  6,192.66,069.25,624.75,454.35,361.15,288.75,311.85,314.2
Gross profit  4,962.14,928.74,481.64,254.74,219.44,085.04,255.94,422.8
            Gross margin  44.5%44.8%44.3%43.8%44.0%43.6%44.5%45.4%
Selling, general and administrative  4,247.94,090.03,731.73,577.63,615.13,514.83,468.33,597.0
EBITDA   [+]998.01,098.71,000.0915.6842.5819.51,046.01,095.3
            EBITDA margin  8.9%10.0%9.9%9.4%8.8%8.7%10.9%11.2%
Depreciation  252.8228.8218.5206.7197.5201.9210.4216.4
EBITA  745.2869.8781.5708.9645.0617.6835.6878.9
            EBITA margin  6.7%7.9%7.7%7.3%6.7%6.6%8.7%9.0%
Amortization of intangibles  31.031.131.631.740.747.448.053.1
EBIT   [+]714.2838.7749.9677.2604.3570.2787.6825.8
            EBIT margin  6.4%7.6%7.4%7.0%6.3%6.1%8.2%8.5%
Interest expense  51.137.846.939.956.658.859.965.4
Other income (expense), net   [+]-14.45.0-52.00.57.68.811.1-7.5
Pre-tax income  648.7805.9651.0637.7555.3520.3738.8752.9
Income taxes  146.8189.8158.0150.9131.444.8279.2279.5
            Tax rate  22.6%23.6%24.3%23.7%23.7%8.6%37.8%37.1%
Net income  501.9616.1493.0486.9423.8475.5459.6473.4
            Net margin  4.5%5.6%4.9%5.0%4.4%5.1%4.8%4.9%
   
Basic EPS   [+]$8.32$9.62$7.17$6.87$5.75$6.44$6.25$6.47
Diluted EPS   [+]$2.76$3.19$2.38$2.28$1.91$2.14$6.22$6.42
   
Dividends per share   [+]$6.00$3.25$1.00$0.24$0.24$0.24$0.24$0.24
   
Shares outstanding (basic)   [+]60.464.068.770.973.773.873.673.2
Shares outstanding (diluted)   [+]181.8193.0206.8213.2221.7222.173.973.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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