Advance Auto Parts Inc. (AAP) financial statements (2022 and earlier)

Company profile

Business Address 4200 SIX FORKS ROAD
RALEIGH, NC 27609
State of Incorp. DE
Fiscal Year End December 31
SIC 5531 - Auto and Home Supply Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments60183541989754713591
Cash and cash equivalents60183541989754713591
Receivables783750689625606641598
Inventory, net of allowances, customer advances and progress billings4,6594,5384,4324,3634,1684,3264,175
Inventory4,6594,5384,4324,3634,1684,3264,175
Other current assets2321471551981057077
Total current assets:6,2756,2705,6966,0825,4275,1734,941
Noncurrent Assets
Operating lease, right-of-use asset2,6722,3802,365
Property, plant and equipment1,5281,4631,4331,3691,3941,4461,435
Intangible assets, net (including goodwill)1,6451,6751,7021,5411,5921,6321,677
Goodwill994994992990994991989
Intangible assets, net (excluding goodwill)651681710551598641687
Other noncurrent assets74525248696483
Total noncurrent assets:5,9195,5705,5532,9583,0553,1423,194
TOTAL ASSETS:12,19411,84011,2499,0418,4828,3158,135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6994,2473,9583,7963,4283,6413,757
Accounts payable3,9223,6413,4223,1732,8953,0863,204
Accrued liabilities777607536623534554553
Debt     01
Other liabilities48149652090523540
Total current liabilities:5,1804,7444,4783,8863,4803,6763,797
Noncurrent Liabilities
Long-term debt and lease obligation3,3723,0472,7641,0461,0441,0431,213
Long-term debt, excluding current maturities1,0341,0337471,0461,0441,0431,213
Operating lease, liability2,3382,0142,017
Liabilities, other than long-term debt514489457252256243663
Deferred compensation liability, classified   121717 
Deferred tax liabilities, net   434
Deferred income tax liabilities411342334
Other liabilities103146123240239226229
Total noncurrent liabilities:3,8863,5363,2221,2981,3001,2861,876
Total liabilities:9,0668,2807,6995,1844,7804,9625,674
Stockholders' equity
Stockholders' equity attributable to parent3,1283,5603,5493,5513,4152,9162,461
Common stock0000000
Treasury stock, value(2,300)(1,394)(924)(426)(145)(138)(120)
Additional paid in capital845784735695665631603
Accumulated other comprehensive loss(23)(27)(35)(44)(25)(40)(44)
Retained earnings4,6064,1973,7733,3262,9202,4632,021
Total stockholders' equity:3,1283,5603,5493,5513,4152,9162,461
Other undisclosed liabilities and equity   306287437 
TOTAL LIABILITIES AND EQUITY:12,19411,84011,2499,0418,4828,3158,135

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,99810,1069,7099,5819,3749,5689,737
Revenue, net9,3749,5689,737
Cost of revenue
(Cost of Goods and Services Sold)
(6,069)(5,625)(5,454)(5,361)(5,289)(5,312)(5,314)
Gross profit:4,9294,4824,2554,2194,0854,2564,423
Operating expenses(4,090)(3,732)(3,578)(3,615)(3,515)(3,468)(3,597)
Operating income:839750677604570788826
Nonoperating expense(33)(99)(39)(49)(50)(49)(73)
Other nonoperating income (expense)5(4)08911(7)
Interest and debt expense (48)    (65)
Other undisclosed income from continuing operations before equity method investments, income taxes 48    65
Income from continuing operations before income taxes:806651638555520739753
Income tax expense(190)(158)(151)(131)(45)(279)(279)
Net income available to common stockholders, basic:616493487424476460473
Other undisclosed net loss available to common stockholders, diluted     (2)(2)
Net income available to common stockholders, diluted:616493487424476458472

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:616493487424476460473
Other comprehensive income (loss)4810(19)154(32)
Comprehensive income, net of tax, attributable to parent:620501497405490464442

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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