10-Q Filing

GENUINE PARTS CO CIK: 40987 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000040987-18-000010`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	gpc-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 48 Cash Flow Statement 42 Comprehensive Income 3

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.17M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.61M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.04B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.08B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$177.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$242.88M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$325.97M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$314.90M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts (2018 $22,166; 2017 $17,612)	`AccountsNotesAndLoansReceivableNetCurrent`	$2.42B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts (2018 $22,166; 2017 $17,612)	`AccountsNotesAndLoansReceivableNetCurrent`	$2.64B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$3.77B	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$3.77B	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$805.34M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$841.57M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$7.31B	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$7.58B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Goodwill	`Goodwill`	$2.15B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	146.65M	shares	Point-in-time
Goodwill	`Goodwill`	$2.20B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	146.74M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	146.65M	shares	Point-in-time
Other intangible assets, less accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.40B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	146.74M	shares	Point-in-time
Other intangible assets, less accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.42B	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNet`	$39.83M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNet`	$40.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$588.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$568.25M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation (2018 $1,083,696; 2017 $1,044,353)	`PropertyPlantAndEquipmentNet`	$931.29M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation (2018 $1,083,696; 2017 $1,044,353)	`PropertyPlantAndEquipmentNet`	$936.70M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$12.41B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$12.76B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$3.77B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$3.63B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$694.99M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$751.61M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$105.65M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$99.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.74M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$28.14M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.03B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.10B	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.76B	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.47B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.56B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.55B	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$229.87M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$200.25M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$193.31M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilities`	$184.38M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$491.79M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$501.00M	USD	Point-in-time
Preferred stock, par value - $1 per share, Authorized - 10,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value - $1 per share, Authorized - 10,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value - $1 per share, Authorized - 450,000,000 shares; issued and outstanding - 2018 - 146,737,803 shares; 2017 - 146,652,615 shares	`CommonStockValue`	$146.74M	USD	Point-in-time
Common stock, par value - $1 per share, Authorized - 450,000,000 shares; issued and outstanding - 2018 - 146,737,803 shares; 2017 - 146,652,615 shares	`CommonStockValue`	$146.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$68.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$68.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.05B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.11B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-819.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-852.59M	USD	Point-in-time
TOTAL PARENT EQUITY	`StockholdersEquity`	$3.41B	USD	Point-in-time
TOTAL PARENT EQUITY	`StockholdersEquity`	$3.51B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$52.00M	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$51.30M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.56B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.46B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$12.76B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$12.41B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$4.59B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.91B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.75B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$3.15B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.16B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.44B	USD	1 Quarter
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$1.13B	USD	1 Quarter
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$877.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$38.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$58.36M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.70M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.13M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.19B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$918.62M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.11M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$13.45M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$12.46M	USD	1 Quarter
Total non-operating expenses (income)	`NonoperatingIncomeExpense`	$-11.65M	USD	1 Quarter
Total non-operating expenses (income)	`NonoperatingIncomeExpense`	$6.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$229.32M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$243.78M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$52.74M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$83.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$160.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$176.58M	USD	1 Quarter
Basic net income per common share (usd per share)	`EarningsPerShareBasic`	$1.08	USD	1 Quarter
Basic net income per common share (usd per share)	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Diluted net income per common share (usd per share)	`EarningsPerShareDiluted`	$1.20	USD	1 Quarter
Diluted net income per common share (usd per share)	`EarningsPerShareDiluted`	$1.08	USD	1 Quarter
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.72	USD	1 Quarter
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.68	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	148.15M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	146.73M	shares	1 Quarter
Dilutive effect of stock options and non-vested restricted stock awards (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	595,000.00	shares	1 Quarter
Dilutive effect of stock options and non-vested restricted stock awards (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	634,000.00	shares	1 Quarter
Weighted average common shares outstanding - assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	147.32M	shares	1 Quarter
Weighted average common shares outstanding - assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	148.79M	shares	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$57.02M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$42.88M	USD	1 Quarter
Net investment hedge, net of income taxes of 2018 $6,180	`TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax`	-	USD	1 Quarter
Net investment hedge, net of income taxes of 2018 $6,180	`TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax`	$-16.71M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of income taxes of 2018 $2,648; 2017 $3,571	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-7.16M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of income taxes of 2018 $2,648; 2017 $3,571	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.73M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$62.75M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$33.33M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$209.91M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$222.91M	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$160.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$176.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$38.13M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.72M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$3.69M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.55M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.52M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$97.64M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$97.74M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$101.82M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$138.37M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.63M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.81M	USD	1 Quarter
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$106.24M	USD	1 Quarter
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$38.59M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-131.04M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-70.22M	USD	1 Quarter
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$1.00B	USD	1 Quarter
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$1.20B	USD	1 Quarter
Payments on debt	`RepaymentsOfDebt`	$1.15B	USD	1 Quarter
Payments on debt	`RepaymentsOfDebt`	$855.00M	USD	1 Quarter
Share-based awards exercised	`PaymentsForShareBasedAwardsExercisedNetOfTaxesPaid`	$4.18M	USD	1 Quarter
Share-based awards exercised	`PaymentsForShareBasedAwardsExercisedNetOfTaxesPaid`	$1.62M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$99.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$97.58M	USD	1 Quarter
Purchases of stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchases of stock	`PaymentsForRepurchaseOfCommonStock`	$91.98M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-55.48M	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-41.19M	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.59M	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.45M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.07M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-64.96M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$177.92M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$242.88M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$325.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$314.90M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$177.92M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$242.88M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$325.97M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$314.90M	USD	Point-in-time

Comprehensive Income 3 line items

Line Item	Tag	Value	Unit	Period
Net investment hedge, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	$-6.18M	USD	1 Quarter
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-2.65M	USD	1 Quarter
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-3.57M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.