GENUINE PARTS CO

Listed Company

GPCCIK 0000040987NYSELarge AcceleratedWholesale-Motor Vehicle Supplies & New PartsGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

$24.30B

Net Income

$65.94M

Total Assets

$20.80B

Equity

$4.42B

Shares Out

137.62M

Op. Cash Flow

$890.76M

Business

GENUINE PARTS CO is a global service organization that distributes automotive and industrial replacement parts. It offers a broad assortment of automotive parts, accessories, tools, MRO and OEM components, plus supply-chain, inventory management, repair and e‑business solutions. The company operates two primary segments: an Automotive Parts Group serving DIFM and DIY channels and an Industrial Parts Group (Motion) providing MRO/OEM support, on‑site solutions and repair services. GPC serves customers across North America, Europe and Australasia via company‑owned and independently‑owned stores, distribution centers, branches, service centers and digital channels.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	24,300	23,487	23,091	22,096	18,871
Cost of goods sold	15,359	14,963	14,800	14,356	12,236
Gross profit	8,941	8,524	8,291	7,740	6,634
Selling, administrative and other expenses	7,151	6,643	6,167	5,758	5,163
Depreciation and amortization	538	408	351	348	291
Provision for doubtful accounts	37	30	26	20	18
Restructuring and other costs	254	214	0	0	—
Total operating expenses	7,980	7,294	6,544	6,126	5,471
Interest expense, net	164	97	64	74	—
Pension settlement charge	742	0	0	—	—
Other	3	−44	−60	−32	−100
Total non-operating expenses	908	53	5	42	−37
Income before income taxes	52	1,176	1,742	1,573	1,200
Income tax expense (benefit)	−14	272	426	390	302
Net income	66	904	1,317	1,183	899

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	477	480	1,102	653	715
Trade accounts receivable, net	2,371	2,183	2,223	2,189	1,798
Merchandise inventories, net	6,072	5,514	4,677	4,442	3,890
Prepaid expenses and other current assets	1,645	1,675	1,604	1,533	1,354
Total current assets	10,565	9,853	9,606	8,817	7,756
Goodwill	3,189	2,897	2,735	2,588	1,915
Other intangible assets, net	1,856	1,799	1,793	1,813	1,406
Property, plant and equipment, net	2,172	1,951	1,617	1,326	1,234
Operating lease assets	2,084	1,770	1,269	1,105	1,054
Other assets	930	1,013	949	847	986
Total assets	20,796	19,283	17,968	16,495	14,352
Trade accounts payable	6,052	5,924	5,500	5,457	4,805
Short-term borrowings	944	42	—	—	—
Current portion of debt	354	500	355	252	0
Other current liabilities	2,295	1,926	1,840	1,851	1,661
Dividends payable	143	134	133	126	116
Total current liabilities	9,788	8,525	7,827	7,686	6,582
Long-term debt	3,498	3,743	3,551	3,077	2,409
Operating lease liabilities	1,739	1,458	980	836	789
Pension and other post-retirement benefit liabilities	219	219	220	198	—
Deferred tax liabilities	386	442	438	391	281
Other long-term liabilities	724	544	536	503	523
Preferred stock, par value $1 per share authorized 10,000,000 shares; none issued	0	0	0	0	0
Common stock, par value $1 per share authorized 450,000,000 shares; issued and outstanding 2025 137,617,832 shares and 2024 138,779,664 shares	138	139	140	141	142
Additional paid-in capital	228	197	173	140	120
Accumulated other comprehensive loss	−512	−1,262	−977	−1,033	−858
Retained earnings	4,569	5,264	5,065	4,542	4,086
Total parent equity	4,423	4,337	4,401	3,790	3,491
Noncontrolling interests in subsidiaries	17	14	16	14	13
Total equity	4,440	4,352	4,417	3,804	3,503
Total liabilities and equity	20,796	19,283	17,968	16,495	14,352

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	538	408	351	348	291
Pension settlement	742	0	0	—	—
First Brands credit loss allowance	151	0	0	—	—
Deferred income taxes	−257	−19	42	2	32
Share-based compensation	49	41	57	38	26
Gains on sales of real estate	−28	−43	0	−103	0
Other operating activities	11	47	−42	18	23
Trade accounts receivable, net	−77	−51	32	−244	−259
Merchandise inventories, net	−208	−441	−69	−380	−329
Trade accounts payable	−133	512	2	676	777
Operating lease right-of-use asset	482	634	345	370	—
Other current and noncurrent assets	−279	−123	−169	−20	—
Operating lease current and noncurrent liabilities	−485	−663	−355	−373	—
Other current and noncurrent liabilities	320	43	−75	−49	—
Net cash provided by operating activities	891	1,251	1,436	1,467	1,258
Purchases of property, plant and equipment	−470	−567	−513	−340	−266
Proceeds from sale of property, plant and equipment	52	122	25	145	27
Acquisitions of businesses	−318	−1,080	−307	−1,690	−284
Proceeds from divestitures of businesses	914,000	2	11	34	18
Proceeds from sale of investment	0	0	80	0	0
Proceeds from settlement of net investment hedge	0	16	0	158	0
Other investing activities	23	0	−3	9	—
Net cash used in investing activities	−712	−1,508	−706	−1,684	−506
Proceeds from debt	1,053	895	3,769	5,109	893
Payments on debt	−1,002	−496	−3,238	−4,148	−1,053
Net proceeds of commercial paper	343	0	0	—	—
Shares issued from employee incentive plans	−17	−17	−24	−17	−22
Dividends paid	−564	−555	−527	−496	−466
Purchase of stock	0	−150	−261	−223	−334
Other financing activities	−23	−11	−11	−20	−7
Net cash used in financing activities	−209	−334	−292	205	−990
Effect of exchange rate changes on cash and cash equivalents	27	−32	11	−49	−38
Net (decrease) increase in cash and cash equivalents	−3	−622	449	−61	−275
Income taxes	211	265	366	363	305
Interest	191	125	90	73	66

Filings

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