ADVANCE AUTO PARTS INC

Listed Company

AAPCIK 0001158449NYSELarge AcceleratedRetail-Auto & Home Supply StoresDelawareFY ends Jan 2

Period

FY 2025

Revenue

$8.60B

Net Income

$44.00M

Total Assets

$11.83B

Equity

$2.20B

Shares Out

60.10M

Op. Cash Flow

$-46.00M

Business

ADVANCE AUTO PARTS INC is a leading automotive aftermarket parts provider serving professional installers, do-it-yourself customers and independently-owned operators. It offers brand name, OEM and owned-brand automotive replacement parts, accessories, batteries and maintenance items across categories such as parts and batteries, accessories and chemicals, and engine maintenance. The Company operates key business divisions under the Advance Auto Parts and Carquest trade names, including stores, hubs, market hubs and distribution centers, and professional delivery and independent store programs. It sells across North America through brick-and-mortar stores, distribution centers, same-day/next-day hub fulfillment and e-commerce channels.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	8,601	9,094	9,209	9,149	10,998
Cost of sales	4,868	5,685	5,349	4,916	6,074
Gross profit	3,733	3,409	3,860	4,233	4,924
Selling, general and administrative expenses, exclusive of restructuring expenses	3,572	3,813	3,805	3,708	4,102
Restructuring and related expenses	204	309	16	0	—
Selling, general and administrative expenses	3,776	4,122	3,821	—	—
Operating (loss) income	−43	−713	39	525	822
Interest expense	−139	−81	−88	−51	−38
Other income, net	91	26	2	−6	−2
Total other, net	−48	−55	−86	−64	−40
Loss before income tax expense	−91	−768	−47	460	782
Provision for income taxes	−159	−181	−17	100	186
Net income (loss) from continuing operations	68	−587	−30	361	—
Net (loss) income from discontinued operations	−24	251	60	104	—
Net income (loss)	44	−336	30	464	597
Basic earnings (loss) per common share from continuing operations (in usd per share)	1.13	−9.84	−0.51	5.97	—
Basic (loss) earnings per common share from discontinued operations (in usd per share)	−0.4	4.21	1.01	1.73	—
Basic earnings (loss) per common share (in usd per share)	0.73	−5.63	0.5	7.7	9.32
Basic weighted-average common shares outstanding (in shares)	60	60	59	60	64
Diluted earnings (loss) per common share from continuing operations (in usd per share)	1.13	−9.8	−0.5	5.94	—
Diluted (loss) earnings per common share from discontinued operations (in usd per share)	−0.4	4.19	1	1.71	—
Diluted earnings (loss) per common share (in usd per share)	0.73	−5.61	0.5	7.65	9.25
Diluted weighted-average common shares outstanding (in shares)	61	60	60	61	65

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-09-30	FY 2023 2023-06-30
Cash and cash equivalents	3,123	1,869	488	317	275
Receivables, net	380	544	610	863	783
Inventories, net	3,646	3,612	3,894	4,919	5,052
Other current assets	141	118	180	222	211
Total current assets	7,290	6,143	6,377	6,321	6,321
Property and equipment, net	1,269	1,334	1,556	—	—
Operating lease right-of-use assets	2,157	2,243	2,347	—	—
Goodwill	600	598	601	—	—
Other intangible assets, net	400	406	419	—	—
Other assets	110	74	86	—	—
Total assets	11,826	10,798	12,276	12,249	12,299
Accounts payable	2,977	3,408	3,526	4,014	3,863
Accrued expenses	756	784	616	724	678
Other current liabilities	443	473	396	—	—
Total current liabilities	4,176	4,665	5,307	5,217	5,102
Long-term debt	3,412	1,789	1,786	—	—
Operating lease liabilities	1,812	1,897	2,040	—	—
Deferred income taxes	142	193	356	—	—
Other long-term liabilities	86	84	84	—	—
Total liabilities	9,628	8,628	9,757	9,683	9,657
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, nonvoting, $0.0001 par value, 10 million shares authorized; no shares issued or outstanding	—	—	0	—	—
Common stock, voting, and additional paid-in capital, $0.0001 par value, 200 million shares authorized; 78 million shares issued and 60 million outstanding at January 3, 2026 and 78 million shares issued and 60 million outstanding at December 28, 2024	1,033	994	8,000	—	—
Treasury stock, at cost	−2,944	−2,940	−2,933	—	—
Accumulated other comprehensive loss	−37	−47	−52	−47	−37
Retained earnings	4,146	4,163	4,559	4,609	4,687
Total stockholders equity	2,198	2,170	2,520	2,566	2,643
Total liabilities and stockholders equity	11,826	10,798	12,276	12,249	12,299

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	272	292	269	248	260
Share-based compensation	36	42	41	46	63
Loss on sale and impairment of long-lived assets	25	158	1	2	9
Credit loss expense, net	62	56	13	—	—
Provision for deferred income taxes	−43	−203	−37	23	−59
Other, net	16	4	3	3	−8
Receivables, net	138	7	−128	27	−7
Inventories, net	−21	270	−64	−71	−124
Operating lease right-of-use assets	67	73	29	—	—
Other assets	−22	74	−67	—	—
Accounts payable	−469	−110	58	119	291
Accrued expenses	−60	127	95	−159	102
Operating lease liabilities	−114	−60	−37	—	—
Other liabilities	−1	−2	−4	—	—
Net cash (used in) provided by operating activities of continuing operations	−46	141	142	623	—
Net cash (used in) provided by operating activities of discontinued operations	0	−56	145	114	—
Net cash (used in) provided by operating activities	−46	85	287	737	1,107
Purchases of property and equipment	−252	−181	−226	−399	−290
Proceeds from sales of property and equipment	21	14	7	1	2
Other, net	−8	0	0	—	—
Net cash used in investing activities of continuing operations	−239	−167	−219	−400	—
Net cash provided by (used in) investing activities of discontinued operations	0	1,522	−16	−25	—
Net cash (used in) provided by investing activities	−239	1,355	−235	−424	−287
Borrowings under credit facilities	0	0	4,805	2,035	0
Payments on credit facilities	0	0	−4,990	−1,850	0
Proceeds from issuance of long-term debt	1,950	0	599	349	0
Repayment of long-term debt	−300	0	0	—	—
Debt issuance costs	−47	0	0	—	—
Dividends paid	−60	−60	−209	−336	−161
Other, net	−5	−15	−16	1	3
Net cash provided by (used in) financing activities	1,538	−75	189	−621	−1,064
Effect of exchange rate changes on cash	1	1	−9	—	—
Net increase in cash and cash equivalents	1,254	1,366	232	−317	−239
Interest paid	76	76	74	46	36
Accrued purchases of property and equipment	14	15	5	9	14
Transfers of property and equipment from assets related to discontinued operations to continuing operations	0	7	−2	0	—
Accrued dividends	16	16	16	—	—

Filings

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