Advance Auto Parts, Inc. is an automotive aftermarket parts provider headquartered in Raleigh, North Carolina. The company operates a network of over 4,200 retail stores across North America, serving both professional installers and do-it-yourself (DIY) customers. It offers a wide selection of brand-name, original equipment manufacturer (OEM), and private-label automotive replacement parts, accessories, batteries, and maintenance items.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
8,601,000
9,094,000
9,209,000
9,148,874
Cost of Sales
4,868,000
5,685,000
5,349,000
4,916,004
Gross Profit
3,733,000
3,409,000
3,860,000
4,232,870
Selling, General & Administrative Expenses
7,552,000
8,244,000
7,642,000
7,416,504
Operating Profit
(43,000)
(713,000)
39,000
524,618
Interest Expense
(139,000)
(81,000)
(88,000)
(50,841)
Non-Operating Income
91,000
26,000
2,000
(13,584)
Total Non-Operating Income
(48,000)
(55,000)
(86,000)
(64,425)
Income Before Provision for Income Taxes
(91,000)
(768,000)
(47,000)
460,193
Provision for Income Taxes
(159,000)
(181,000)
(17,000)
99,657
Consolidated Net Income
68,000
(587,000)
(30,000)
360,536
Net Income Attributable to Discontinued Operations
(24,000)
251,000
60,000
103,866
Net Income Attributable to Common Shareholders
44,000
(336,000)
30,000
464,402
Basic EPS
0.73
-5.63
0.50
5.97
Diluted EPS
0.73
-5.63
0.50
5.94
Basic Weighted Average Shares Outstanding
59,900
59,600
59,400
60,351
Diluted Weighted Average Shares Outstanding
60,600
59,900
59,600
60,717
Shares Outstanding
60,000
60,000
60,000
59,264
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
3,123,000
1,869,000
488,049
270,805
Total Cash and Cash Equivalents
3,123,000
1,869,000
488,049
270,805
Accounts Receivable
380,000
544,000
609,528
684,048
Total Trade Receivables
380,000
544,000
609,528
684,048
Inventories
3,646,000
3,612,000
3,893,569
4,896,269
Other Current Assets
141,000
118,000
1,385,875
163,695
Total Current Assets
7,290,000
6,143,000
6,377,021
6,014,817
Net Property, Plant & Equipment
3,426,000
3,577,000
3,903,058
4,297,829
Net Intangible Assets
400,000
406,000
419,161
620,901
Goodwill
600,000
598,000
601,159
990,471
Other Long-Term Assets
110,000
74,000
975,927
62,429
Total Assets
11,826,000
10,798,000
12,276,326
11,986,447
Accounts Payable
2,977,000
3,408,000
3,526,079
4,178,907
Accrued Expenses
756,000
784,000
616,067
629,464
Current Portion of Long-Term Debt
—
—
—
185,000
Other Current Liabilities
443,000
473,000
1,165,259
427,480
Total Current Liabilities
4,176,000
4,665,000
5,307,405
5,420,851
Long-Term Debt
3,412,000
1,789,000
1,786,361
1,188,283
Leases
1,812,000
1,897,000
2,039,908
2,278,318
Other Long-Term Liabilities
228,000
277,000
622,924
499,803
Total Long-Term Liabilities
5,452,000
3,963,000
4,449,193
3,966,404
Total Liabilities
9,628,000
8,628,000
9,756,598
9,387,255
Common Stock
—
—
8
8
Treasury Stock
(2,944,000)
(2,940,000)
(2,933,286)
(2,918,768)
Additional Paid-in Capital
1,033,000
994,000
946,099
897,560
Accumulated Other Comprehensive Income
(37,000)
(47,000)
(52,232)
(44,695)
Retained Earnings
4,146,000
4,163,000
4,559,139
4,665,087
Total Common Shareholders' Equity
2,198,000
2,170,000
2,519,728
2,599,192
Total Shareholders' Equity
2,198,000
2,170,000
2,519,728
2,599,192
Total Liabilities and Shareholders' Equity
11,826,000
10,798,000
12,276,326
11,986,447
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
88,000
(672,000)
60,000
928,804
Depreciation & Amortization
272,000
292,000
269,000
248,327
Share-Based Compensation Expense
36,000
42,000
41,000
46,482
Other Adjustments
60,000
15,000
(20,000)
35,151
Changes in Trade Receivables
138,000
7,000
(128,000)
27,420
Changes in Inventories
(21,000)
270,000
(64,000)
(70,969)
Changes in Accounts Payable
(469,000)
(110,000)
58,000
119,334
Changes in Accrued Expenses
(60,000)
127,000
95,000
(158,632)
Changes in Other Operating Activities
(70,000)
85,000
(79,000)
14,989
Cash from Operating Activities
(46,000)
85,000
287,000
736,571
Capital Expenditure
(252,000)
(181,000)
(226,000)
(398,757)
Proceeds from Sale of Property, Plant & Equipment
21,000
14,000
7,000
1,137
Purchases of Intangible Assets
—
—
—
(1,900)
Other Investing Activities
(8,000)
—
—
—
Cash from Investing Activities
(239,000)
1,355,000
(235,000)
(424,448)
Issuance of Short-Term Debt
—
—
4,805,000
2,035,000
Repayments of Short-Term Debt
—
—
(4,990,000)
(1,850,000)
Net Issuance / (Repayments) of Short-Term Debt
—
—
(185,000)
185,000
Issuance of Long-Term Debt
1,950,000
—
599,000
348,618
Repayments of Long-Term Debt
(300,000)
—
—
(201,081)
Net Issuance / (Repayments) of Long-Term Debt
1,650,000
—
599,000
147,537
Repurchases of Common Shares
—
—
—
(618,480)
Net Issuance / (Repurchases) of Common Shares
—
—
—
(618,480)
Common Share Dividends Paid
(60,000)
(60,000)
(209,000)
(336,230)
Other Financing Activities
(52,000)
(15,000)
(16,000)
1,469
Cash from Financing Activities
1,538,000
(75,000)
189,000
(620,704)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
1,000
1,000
(9,000)
(8,664)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash