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
Q4
9/30/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6016058098808351,0681,142
Cash and cash equivalents6016058098808351,0681,142
Receivables783932804805750843742
Inventory, net of allowances, customer advances and progress billings4,6594,4504,4284,4774,5384,3674,358
Inventory4,6594,4504,4284,4774,5384,3674,358
Other current assets232174181149147159153
Total current assets:6,2756,1616,2226,3116,2706,4376,396
Noncurrent Assets
Operating lease, right-of-use asset2,6722,5142,4422,3792,3802,3622,368
Property, plant and equipment1,5281,4831,4721,4641,4631,4451,436
Intangible assets, net (including goodwill)1,6451,6531,6591,6671,6751,6781,683
Goodwill994995994995994991990
Intangible assets, net (excluding goodwill)651659665672681686692
Other noncurrent assets74524348525048
Total noncurrent assets:5,9195,7035,6175,5585,5705,5355,535
TOTAL ASSETS:12,19411,86411,83911,86811,84011,97311,931
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6994,4834,4164,3414,2474,1603,970
Accounts payable3,9223,7513,8073,7383,6413,5273,310
Accrued liabilities777732609603607633660
Other liabilities481473483451496489468
Total current liabilities:5,1804,9554,8994,7924,7444,6494,438
Noncurrent Liabilities
Long-term debt and lease obligation3,3722,1542,0913,0693,0472,0152,041
Long-term debt, excluding current maturities1,034  1,0331,033  
Operating lease, liability2,3382,1542,0912,0362,0142,0152,041
Liabilities, other than long-term debt514524513505489514485
Deferred income tax liabilities411375366357342343338
Other liabilities103149147148146172147
Total noncurrent liabilities:3,8862,6782,6043,5743,5362,5292,526
Total liabilities:9,0667,6347,5038,3678,2807,1786,964
Stockholders' equity
Stockholders' equity attributable to parent3,1283,1973,3023,5023,5603,7633,727
Common stock0000000
Treasury stock, value(2,300)(2,204)(1,973)(1,578)(1,394)(1,073)(962)
Additional paid in capital845835818800784772761
Accumulated other comprehensive loss(23)(22)(23)(21)(27)(39)(44)
Retained earnings4,6064,5874,4804,3014,1974,1023,972
Total stockholders' equity:3,1283,1973,3023,5023,5603,7633,727
Other undisclosed liabilities and equity 1,0341,034  1,0321,240
TOTAL LIABILITIES AND EQUITY:12,19411,86411,83911,86811,84011,97311,931

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

12/31/2021
Q4
9/30/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues2,3972,6212,6493,3302,3652,5422,501
Cost of revenue
(Cost of Goods and Services Sold)
(1,325)(1,439)(1,460)(1,845)(1,281)(1,413)(1,405)
Gross profit:1,0721,1821,1891,4851,0841,1281,097
Operating expenses(960)(953)(944)(1,233)(932)(872)(834)
Operating income:112229245252152257263
Nonoperating expense(12)(7)(7)(6)(11)(59)(10)
Other nonoperating income (expense)(3)215(2)13
Interest and debt expense     (48) 
Other undisclosed income from continuing operations before equity method investments, income taxes     48 
Income from continuing operations before income taxes:100222238246141198253
Income tax expense(18)(53)(59)(60)(29)(50)(63)
Net income available to common stockholders, diluted:82170179186112147190

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
7/31/2021
Q2
4/30/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:82170179186112147190
Other comprehensive income (loss)(1)1(2)51258
Comprehensive income, net of tax, attributable to parent:81171177191124153198

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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