Advance Auto Parts Inc. (AAP) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
4/30/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277226269191241139
Cash and cash equivalents277226269191241139
Receivables794782699846930958
Inventory, net of allowances, customer advances and progress billings5,0675,0164,9154,9274,8304,779
Inventory5,0675,0164,9154,9274,8304,779
Other current assets188177164199182182
Total current assets:6,3266,2026,0476,1636,1836,058
Noncurrent Assets
Operating lease, right-of-use asset2,6192,6292,6082,6262,6622,688
Property, plant and equipment1,6891,6941,6901,6641,6111,568
Intangible assets, net (including goodwill)1,5981,6031,6111,6161,6271,636
Goodwill992991990990992994
Intangible assets, net (excluding goodwill)606612621626634642
Other noncurrent assets725562645553
Total noncurrent assets:5,9785,9815,9725,9705,9555,945
TOTAL ASSETS:12,30412,18212,01812,13212,13812,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,4654,4014,7584,7794,7614,560
Accounts payable3,7803,6834,1234,0974,0873,942
Accrued liabilities685718634681674618
Debt 95116185185100 
Other liabilities466466427479481492
Total current liabilities:5,0264,9835,3705,4435,3425,053
Noncurrent Liabilities
Long-term debt and lease obligation   1,1882,2522,2962,331
Long-term debt, excluding current maturities   1,188   
Liabilities, other than long-term debt2,7702,7782,782534518523
Deferred income tax liabilities433423416434419420
Other liabilities87868710099102
Operating lease, liability2,2502,2692,2782,2522,2962,331
Other undisclosed noncurrent liabilities1,7851,785 1,1881,1881,187
Total noncurrent liabilities:4,5554,5633,9703,9734,0014,040
Total liabilities:9,5819,5469,3409,4169,3439,093
Equity
Equity, attributable to parent2,7232,6362,6782,7162,7952,910
Common stock000000
Treasury stock, value(2,933)(2,931)(2,919)(2,843)(2,766)(2,565)
Additional paid in capital925914898886876862
Accumulated other comprehensive loss(37)(44)(45)(54)(21)(41)
Retained earnings4,7674,6984,7454,7274,7074,653
Total equity:2,7232,6362,6782,7162,7952,910
TOTAL LIABILITIES AND EQUITY:12,30412,18212,01812,13212,13812,002

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

9/30/2023
Q3
6/30/2023
Q2
4/30/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
Revenues2,6863,4182,4742,6412,6653,374
Cost of revenue
(Cost of Goods and Services Sold)
(1,538)(1,947)(1,384)(1,461)(1,480)(1,868)
Gross profit:1,1481,4711,0901,1801,1861,507
Operating expenses(1,014)(1,381)(958)(1,003)(984)(1,303)
Operating income (loss):13490132177202203
Nonoperating expense(19)(30)(5)(30)(11)(20)
Other nonoperating income (expense)2(1)11(18)(1)0
Interest and debt expense      (7)
Income (loss) from continuing operations before equity method investments, income taxes:11560127147191176
Other undisclosed income from continuing operations before income taxes      7
Income (loss) from continuing operations before income taxes:11560127147191183
Income tax expense (benefit)(30)(17)(21)(36)(46)(43)
Income (loss) from continuing operations:8543107111144140
Income before gain (loss) on sale of properties:111144140
Net income (loss) available to common stockholders, diluted:8543107111144140

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
4/30/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
Net income (loss):8543107111144140
Other comprehensive income (loss)819(34)20(18)
Comprehensive income (loss), net of tax, attributable to parent:934311677165121

Statements Sources

The financial statements are based on the Company's filings with 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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