Advance Auto Parts, Inc. (AAP) Income Statement Analysis

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Complete financial analysis of Advance Auto Parts, Inc. (AAP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Advance Auto Parts, Inc., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.

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Advance Auto Parts, Inc. (AAP)

Industry: Specialty Retail

Sector: Consumer Cyclical

Website: https://www.advanceautoparts.com

About Advance Auto Parts, Inc.

Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing; video clinic; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts, Autopart International, and Carquest brands, as well as branches under the Worldpac name. As of April 23, 2022, it operated 4,687 stores and 311 branches in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and served 1,318 independently owned Carquest branded stores in Mexico, Grand Cayman, the Bahamas, Turks and Caicos, and the British Virgin Islands. The company was founded in 1929 and is based in Raleigh, North Carolina.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	11.29B	11.15B	11.00B	10.11B	9.71B	9.58B	9.37B	9.57B	9.74B	9.84B	6.49B	6.21B	6.17B	5.93B	5.41B	5.14B	4.84B	4.62B	4.26B	3.77B	3.49B	3.29B	2.52B	2.29B	2.02B	1.22B
Cost of Revenue	6.76B	6.19B	6.07B	5.62B	5.45B	5.36B	5.29B	5.31B	5.31B	5.39B	3.24B	3.11B	3.10B	2.96B	2.77B	2.68B	2.52B	2.42B	2.25B	2.02B	1.89B	1.84B	1.44B	1.39B	1.23B	766.20M
Gross Profit	4.52B	4.96B	4.93B	4.48B	4.25B	4.22B	4.09B	4.26B	4.42B	4.45B	3.25B	3.10B	3.07B	2.96B	2.64B	2.46B	2.32B	2.20B	2.01B	1.75B	1.60B	1.45B	1.08B	895.90M	791.99M	454.56M
Gross Profit Ratio	40.07%	44.48%	44.81%	44.34%	43.82%	44.04%	43.58%	44.48%	45.42%	45.24%	50.08%	49.93%	49.74%	49.98%	48.85%	47.90%	47.91%	47.68%	47.23%	46.50%	45.93%	44.04%	42.74%	39.16%	39.26%	37.24%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	4.26B	4.08B	3.91B	3.60B	3.46B	3.49B	3.41B	3.37B	3.49B	3.51B	2.52B	2.36B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	151.80M	164.00M	178.00M	132.30M	117.30M	120.90M	102.80M	97.00M	108.80M	96.46M	69.12M	83.87M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	4.41B	4.25B	4.09B	3.73B	3.58B	3.62B	3.51B	3.47B	3.60B	3.60B	2.59B	2.44B	2.40B	2.38B	2.19B	2.05B	1.90B	1.80B	1.61B	1.42B	1.31B	1.21B	959.27M	803.11M	721.75M	392.35M
Other Expenses	0.00	-7.00M	5.00M	-3.98M	464.00K	7.58M	8.85M	11.15M	-7.48M	3.09M	2.70M	600.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.69M	0.00	1.08M	22.59M
Operating Expenses	4.41B	4.25B	4.09B	3.73B	3.58B	3.62B	3.51B	3.47B	3.60B	3.60B	2.59B	2.44B	2.40B	2.38B	2.19B	2.05B	1.90B	1.80B	1.61B	1.42B	1.31B	1.21B	972.96M	803.11M	722.84M	414.94M
Cost & Expenses	11.17B	10.44B	10.16B	9.36B	9.03B	8.98B	8.80B	8.78B	8.91B	8.99B	5.83B	5.55B	5.51B	5.34B	4.96B	4.73B	4.43B	4.21B	3.86B	3.44B	3.20B	3.05B	2.41B	2.20B	1.95B	1.18B
Interest Income	0.00	51.06M	37.79M	46.89M	39.90M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	88.06M	51.06M	37.79M	46.89M	39.90M	56.59M	58.80M	59.91M	65.41M	73.41M	36.62M	33.84M	30.95M	26.86M	23.34M	33.73M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	306.45M	283.80M	259.93M	250.08M	238.37M	238.18M	249.26M	258.39M	269.48M	284.69M	207.80M	189.54M	175.95M	164.44M	150.92M	146.94M	147.50M	139.96M	120.56M	105.96M	105.85M	110.70M	97.56M	80.73M	82.07M	15.58M
EBITDA	426.36M	939.22M	1.10B	947.98M	916.02M	850.04M	828.32M	1.06B	1.09B	1.14B	868.82M	847.57M	835.33M	748.35M	605.91M	562.37M	562.92M	543.31M	526.24M	434.72M	404.50M	342.59M	186.88M	173.52M	110.18M	47.41M
EBITDA Ratio	3.78%	8.88%	10.04%	9.86%	9.43%	8.87%	8.84%	11.05%	11.17%	11.58%	13.41%	13.66%	13.62%	12.65%	11.18%	10.94%	11.62%	11.71%	12.34%	11.61%	13.22%	11.69%	9.02%	7.54%	5.46%	3.88%
Operating Income	114.38M	714.15M	838.72M	749.91M	677.18M	604.28M	570.21M	787.60M	825.78M	851.71M	660.32M	657.32M	664.64M	584.93M	454.39M	414.93M	416.43M	403.35M	408.49M	328.76M	288.23M	201.99M	89.11M	92.79M	28.12M	31.83M
Operating Income Ratio	1.01%	6.40%	7.63%	7.42%	6.97%	6.31%	6.08%	8.23%	8.48%	8.65%	10.17%	10.59%	10.77%	9.87%	8.39%	8.07%	8.60%	8.74%	9.58%	8.72%	8.25%	6.14%	3.54%	4.06%	1.39%	2.61%
Total Other Income/Expenses	-82.53M	-65.89M	-39.87M	-98.89M	-39.43M	-49.01M	-49.95M	-48.76M	-72.89M	-70.32M	-33.92M	-33.24M	-31.41M	-27.88M	-22.73M	-34.24M	-33.80M	-33.44M	-29.57M	-23.01M	-84.52M	-73.16M	-66.12M	-65.63M	-41.03M	-34.10M
Income Before Tax	31.85M	648.69M	805.93M	651.02M	637.75M	555.26M	520.26M	738.84M	752.89M	781.39M	626.40M	624.07M	633.24M	557.06M	431.66M	380.69M	382.63M	369.92M	378.92M	305.75M	203.71M	123.19M	28.50M	27.16M	-12.92M	-2.27M
Income Before Tax Ratio	0.28%	5.82%	7.33%	6.44%	6.57%	5.80%	5.55%	7.72%	7.73%	7.94%	9.65%	10.06%	10.26%	9.40%	7.97%	7.40%	7.90%	8.01%	8.88%	8.11%	5.83%	3.75%	1.13%	1.19%	-0.64%	-0.19%
Income Tax Expense	2.11M	146.82M	189.82M	157.99M	150.85M	131.42M	44.75M	279.21M	279.49M	287.57M	234.64M	236.40M	238.55M	211.00M	161.28M	142.65M	144.32M	138.60M	144.20M	117.72M	78.42M	47.80M	11.31M	10.54M	12.41M	26.22M
Net Income	29.74M	464.40M	596.62M	493.02M	486.90M	423.85M	475.51M	459.62M	473.40M	493.83M	391.76M	387.67M	394.68M	346.05M	270.37M	238.04M	238.32M	231.32M	234.73M	187.99M	124.94M	65.02M	11.44M	19.56M	-25.33M	-2.18M
Net Income Ratio	0.26%	4.16%	5.42%	4.88%	5.01%	4.42%	5.07%	4.80%	4.86%	5.02%	6.03%	6.25%	6.40%	5.84%	5.00%	4.63%	4.92%	5.01%	5.50%	4.99%	3.58%	1.98%	0.45%	0.85%	-1.26%	-0.18%
EPS	0.50	8.32	9.62	7.17	6.87	5.75	6.44	6.22	6.45	6.75	5.36	5.29	5.21	4.00	2.85	2.51	2.30	2.18	2.17	1.70	1.14	0.62	0.13	0.23	-0.30	-0.04
EPS Diluted	0.50	8.27	9.55	7.14	6.84	5.73	6.42	6.20	6.40	6.71	5.32	5.22	5.11	3.95	2.83	2.49	2.28	2.16	2.13	1.66	1.11	0.60	0.13	0.23	-0.30	-0.04
Weighted Avg Shares Out	59.43M	60.35M	64.03M	68.75M	70.87M	73.73M	73.85M	73.56M	73.19M	72.93M	72.93M	73.09M	75.62M	86.08M	94.46M	94.66M	103.83M	106.13M	108.32M	110.85M	109.50M	105.15M	85.91M	84.85M	84.81M	55.82M
Weighted Avg Shares Out (Dil)	59.61M	60.72M	64.51M	69.00M	71.17M	73.99M	74.11M	73.86M	73.73M	73.41M	73.41M	74.06M	77.07M	87.16M	95.11M	95.21M	104.65M	107.12M	109.99M	113.22M	112.11M	108.56M	87.47M	85.79M	84.81M	55.82M

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November 15, 2024pymnts.com

Advance Auto Parts plans to close 523 corporate stores, exit 204 independently owned locations and close four distribution centers in the United States by mid-2025 as it works to boost its operational productivity.

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November 14, 2024fastcompany.com

Advance Auto Parts, a leading automotive aftermarket-parts provider in North America that serves both professional installers and do-it-yourself customers, said it will close more than 700 of its 5,000 stores in a “strategic plan to improve business performance.” Of those...