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10-Q Filing

ADVANCE AUTO PARTS INC CIK: 1158449 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001158449-22-000176
Period End Date 20220430
Filing Date 20220524
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance aap-20220423_htm.xml
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.40M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.47M USD Point-in-time
Preferred stock par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $880.23M USD Point-in-time
Common stock par value (in usd per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $601.43M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $834.99M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $138.73M USD Point-in-time
Common stock par value (in usd per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $782.78M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $957.80M USD Point-in-time
Inventories InventoryNet $4.78B USD Point-in-time
Inventories InventoryNet $4.66B USD Point-in-time
Other current assets OtherAssetsCurrent $182.40M USD Point-in-time
Other current assets OtherAssetsCurrent $232.25M USD Point-in-time
Total current assets AssetsCurrent $6.06B USD Point-in-time
Total current assets AssetsCurrent $6.28B USD Point-in-time
Property and equipment, net of accumulated depreciation of $2,471,936 and $2,403,567 PropertyPlantAndEquipmentNet $1.57B USD Point-in-time
Property and equipment, net of accumulated depreciation of $2,471,936 and $2,403,567 PropertyPlantAndEquipmentNet $1.53B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $2.67B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $2.69B USD Point-in-time
Goodwill Goodwill $993.74M USD Point-in-time
Goodwill Goodwill $993.82M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $651.22M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $642.12M USD Point-in-time
Other assets OtherAssetsNoncurrent $73.65M USD Point-in-time
Other assets OtherAssetsNoncurrent $53.19M USD Point-in-time
Total assets Assets $12.19B USD Point-in-time
Total assets Assets $12.00B USD Point-in-time
Accounts payable AccountsPayableCurrent $3.94B USD Point-in-time
Accounts payable AccountsPayableCurrent $3.92B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $777.05M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $617.79M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $492.39M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $481.25M USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.05B USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.18B USD Point-in-time
Long-term debt LongTermDebt $1.03B USD Point-in-time
Long-term debt LongTermDebt $1.19B USD Point-in-time
Noncurrent operating lease liabilities OperatingLeaseLiabilityNoncurrent $2.34B USD Point-in-time
Noncurrent operating lease liabilities OperatingLeaseLiabilityNoncurrent $2.33B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $410.61M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $420.34M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $103.03M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $102.19M USD Point-in-time
Total Liabilities Liabilities $9.09B USD Point-in-time
Total Liabilities Liabilities $9.07B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, nonvoting, $0.0001 par value PreferredStockValue - USD Point-in-time
Preferred stock, nonvoting, $0.0001 par value PreferredStockValue - USD Point-in-time
Common stock, voting, $0.0001 par value CommonStockValue $8.00K USD Point-in-time
Common stock, voting, $0.0001 par value CommonStockValue $8.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $862.45M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $845.41M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $2.56B USD Point-in-time
Treasury stock, at cost TreasuryStockValue $2.30B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-22.63M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-41.06M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.65B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.61B USD Point-in-time
Total stockholders equity StockholdersEquity $3.13B USD Point-in-time
Total stockholders equity StockholdersEquity $3.56B USD Point-in-time
Total stockholders equity StockholdersEquity $2.91B USD Point-in-time
Total stockholders equity StockholdersEquity $3.50B USD Point-in-time
Liabilities and Stockholders' Equity, Total LiabilitiesAndStockholdersEquity $12.00B USD Point-in-time
Liabilities and Stockholders' Equity, Total LiabilitiesAndStockholdersEquity $12.19B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.33B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $3.37B USD 1 Quarter
Cost of sales, including purchasing and warehousing costs CostOfGoodsAndServicesSold $1.85B USD 1 Quarter
Cost of sales, including purchasing and warehousing costs CostOfGoodsAndServicesSold $1.87B USD 1 Quarter
Gross profit GrossProfit $1.48B USD 1 Quarter
Gross profit GrossProfit $1.51B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.23B USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.30B USD 1 Quarter
Operating income OperatingIncomeLoss $252.13M USD 1 Quarter
Operating income OperatingIncomeLoss $203.27M USD 1 Quarter
Interest expense InterestIncomeExpenseNonoperatingNet $-11.19M USD 1 Quarter
Interest expense InterestIncomeExpenseNonoperatingNet $-12.87M USD 1 Quarter
Loss on early redemptions of senior unsecured notes GainsLossesOnExtinguishmentOfDebt $-7.41M USD 1 Quarter
Loss on early redemptions of senior unsecured notes GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $4.84M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $136.00K USD 1 Quarter
Total other, net NonoperatingIncomeExpense $-20.14M USD 1 Quarter
Total other, net NonoperatingIncomeExpense $-6.36M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $183.13M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $245.77M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $59.84M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $43.34M USD 1 Quarter
Net income NetIncomeLoss $185.93M USD 1 Quarter
Net income NetIncomeLoss $139.79M USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $2.83 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $2.28 USD 1 Quarter
Weighted-average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 65.69M shares 1 Quarter
Weighted-average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 61.26M shares 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $2.26 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $2.81 USD 1 Quarter
Weighted-average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 61.73M shares 1 Quarter
Weighted-average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 66.10M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $185.93M USD 1 Quarter
Net income NetIncomeLoss $139.79M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $85.58M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $77.25M USD 1 Quarter
Share-based compensation ShareBasedCompensation $16.26M USD 1 Quarter
Share-based compensation ShareBasedCompensation $16.98M USD 1 Quarter
Loss and impairment of long-lived assets GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-1.24M USD 1 Quarter
Loss and impairment of long-lived assets GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-4.73M USD 1 Quarter
Loss on early redemptions of senior unsecured notes GainsLossesOnExtinguishmentOfDebt $-7.41M USD 1 Quarter
Loss on early redemptions of senior unsecured notes GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $14.66M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $9.68M USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.02M USD 1 Quarter
Other OtherNoncashIncomeExpense $-543.00K USD 1 Quarter
Receivables, net IncreaseDecreaseInAccountsReceivable $174.90M USD 1 Quarter
Receivables, net IncreaseDecreaseInAccountsReceivable $53.98M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-63.88M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $119.55M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $20.23M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $96.09M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-50.95M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-98.98M USD 1 Quarter
Other assets and liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $-56.56M USD 1 Quarter
Other assets and liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $24.49M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $329.93M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-54.94M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $114.85M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $70.88M USD 1 Quarter
Proceeds from sales of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $590.00K USD 1 Quarter
Proceeds from sales of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $828.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-114.03M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-70.29M USD 1 Quarter
Borrowings under credit facilities ProceedsFromLinesOfCredit - USD 1 Quarter
Borrowings under credit facilities ProceedsFromLinesOfCredit $275.00M USD 1 Quarter
Payments on credit facilities RepaymentsOfLinesOfCredit - USD 1 Quarter
Payments on credit facilities RepaymentsOfLinesOfCredit $275.00M USD 1 Quarter
Borrowings on senior unsecured notes ProceedsFromIssuanceOfDebt $348.62M USD 1 Quarter
Borrowings on senior unsecured notes ProceedsFromIssuanceOfDebt - USD 1 Quarter
Payments on senior unsecured notes RepaymentsOfUnsecuredDebt $201.08M USD 1 Quarter
Payments on senior unsecured notes RepaymentsOfUnsecuredDebt - USD 1 Quarter
Dividends paid PaymentsOfDividends $154.80M USD 1 Quarter
Dividends paid PaymentsOfDividends $33.15M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $264.47M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $183.65M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-2.01M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $104.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-216.69M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-273.74M USD 1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-19.99M USD 1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.29M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $45.24M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-462.69M USD 1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $601.43M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $138.73M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $880.23M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $601.43M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $834.99M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $138.73M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $880.23M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $601.43M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $834.99M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $138.73M USD Point-in-time
Accrued purchases of property and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $15.27M USD 1 Quarter
Accrued purchases of property and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $3.50M USD 1 Quarter
Stockholders Equity 27 line items
Line Item Tag Value Unit Period
Cash dividends declared (per common share) CommonStockDividendsPerShareDeclared $1.00 USD 1 Quarter
Cash dividends declared (per common share) CommonStockDividendsPerShareDeclared $1.50 USD 1 Quarter
Balance StockholdersEquity $3.13B USD Point-in-time
Balance StockholdersEquity $3.56B USD Point-in-time
Balance StockholdersEquity $2.91B USD Point-in-time
Balance StockholdersEquity $3.50B USD Point-in-time
Net income NetIncomeLoss $185.93M USD 1 Quarter
Net income NetIncomeLoss $139.79M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-18.44M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $5.29M USD 1 Quarter
Issuance of shares upon the exercise of stock appreciation rights StockIssuedDuringPeriodValueStockOptionsExercised $233.00K USD 1 Quarter
Restricted stock units and deferred stock units vested StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Restricted stock units and deferred stock units vested StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition $16.26M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition $16.98M USD 1 Quarter
Stock issued under employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $933.00K USD 1 Quarter
Stock issued under employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan - USD 1 Quarter
Repurchases of common stock TreasuryStockValueAcquiredCostMethod $183.65M USD 1 Quarter
Repurchases of common stock TreasuryStockValueAcquiredCostMethod $264.47M USD 1 Quarter
Cash dividends declared DividendsCash $81.75M USD 1 Quarter
Cash dividends declared DividendsCash $92.54M USD 1 Quarter
Other StockholdersEquityOther $-1.10M USD 1 Quarter
Other StockholdersEquityOther $-35.00K USD 1 Quarter
Balance StockholdersEquity $3.13B USD Point-in-time
Balance StockholdersEquity $3.56B USD Point-in-time
Balance StockholdersEquity $2.91B USD Point-in-time
Balance StockholdersEquity $3.50B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Changes in net unrecognized other postretirement costs, tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax $9.00K USD 1 Quarter
Net income NetIncomeLoss $185.93M USD 1 Quarter
Net income NetIncomeLoss $139.79M USD 1 Quarter
Changes in net unrecognized other postretirement costs, tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax $19.00K USD 1 Quarter
Changes in net unrecognized other postretirement benefit (costs), net of tax of $9 and $19 OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $24.00K USD 1 Quarter
Changes in net unrecognized other postretirement benefit (costs), net of tax of $9 and $19 OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-54.00K USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.35M USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-18.46M USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-18.44M USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $5.29M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $121.35M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $191.22M USD 1 Quarter

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

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