$GPC

GENUINE PARTS CO

CIK:0000040987|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 6,536,951	$ 6,164,425	$ 12,801,891	$ 12,030,494
Cost of goods sold	4,066,244	3,840,037	7,992,220	7,532,422
Gross profit	2,470,707	2,324,388	4,809,671	4,498,072
Operating expenses:
Selling, administrative and other expenses	1,917,508	1,771,195	3,774,338	3,480,874
Depreciation and amortization	134,716	123,018	265,744	238,453
Provision for doubtful accounts	10,998	7,625	18,101	13,480
Restructuring and other costs	71,149	45,712	128,881	100,482
Total operating expenses	2,134,371	1,947,550	4,187,064	3,833,289
Non-operating expense (income):
Interest expense, net	45,800	40,211	89,753	77,427
Other	(3,294)	(1,930)	(6,369)	(2,838)
Total non-operating expense	42,506	38,281	83,384	74,589
Income before income taxes	293,830	338,557	539,223	590,194
Income taxes	66,272	83,677	123,130	140,922
Net income	$ 227,558	$ 254,880	$ 416,093	$ 449,272
Basic earnings per share (in dollars per share)	$ 1.65	$ 1.83	$ 3.02	$ 3.23
Diluted earnings per share (in dollars per share)	$ 1.65	$ 1.83	$ 3.01	$ 3.23

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net income	$ 416,093	$ 449,272
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	265,744	238,453
Share-based compensation	29,698	24,180
Other operating activities, including changes in operating assets and liabilities	(247,421)	(542,790)
Net cash provided by operating activities	464,114	169,115
Investing activities:
Purchases of property, plant and equipment	(205,391)	(248,822)
Proceeds from sale of property, plant and equipment	17,884	19,451
Acquisitions of businesses	(37,613)	(111,973)
Proceeds from divestitures of businesses	6,718	59
Other investing activities	(9,604)	23,335
Net cash used in investing activities	(228,006)	(317,950)
Financing activities:
Proceeds from debt	791,217	21,405
Payments on debt	(926,328)	(522,637)
Net proceeds of commercial paper	338,853	916,587
Shares issued from employee incentive plans	(13,254)	(15,254)
Dividends paid	(287,972)	(277,306)
Other financing activities	(26,679)	(20,268)
Net cash provided by (used in) financing activities	(124,163)	102,527
Effect of exchange rate changes on cash and cash equivalents	(30,006)	24,310
Net increase (decrease) in cash and cash equivalents	81,939	(21,998)
Cash and cash equivalents at beginning of period	477,179	479,991
Cash and cash equivalents at end of period	$ 559,118	$ 457,993

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 559,118	$ 477,179
Trade accounts receivable, less allowance for doubtful accounts (2026 – $86,670; 2025 – $85,537)	2,652,749	2,370,939
Merchandise inventories, net	6,287,933	6,071,996
Prepaid expenses and other current assets	1,565,881	1,644,620
Total current assets	11,065,681	10,564,734
Goodwill	3,190,572	3,188,815
Other intangible assets, less accumulated amortization	1,774,401	1,855,714
Property, plant and equipment, less accumulated depreciation (2026 – $2,270,687; 2025 – $2,137,108)	2,152,789	2,172,140
Operating lease assets	2,018,088	2,084,487
Other assets	856,762	929,650
Total assets	21,058,293	20,795,540
Current liabilities:
Trade accounts payable	6,279,867	6,051,882
Short-term borrowings	752,474	943,540
Current portion of long-term debt	250,000	353,788
Dividends payable	148,070	143,291
Other current liabilities	2,117,656	2,295,204
Total current liabilities	9,548,067	9,787,705
Long-term debt	3,976,648	3,498,423
Operating lease liabilities	1,673,663	1,739,478
Pension and other post–retirement benefit liabilities	219,833	219,270
Deferred tax liabilities	378,977	385,948
Other long-term liabilities	717,316	724,353
Equity:
Preferred stock, par value – $1 per share; authorized – 10,000,000 shares; none issued	0	0
Common stock, par value – $1 per share; authorized – 450,000,000 shares; issued and outstanding – 2026 – 137,859,581 shares; 2025 – 137,617,832 shares	137,860	137,618
Additional paid-in capital	244,572	228,370
Accumulated other comprehensive loss	(548,532)	(511,766)
Retained earnings	4,692,112	4,568,769
Total parent equity	4,526,012	4,422,991
Noncontrolling interests in subsidiaries	17,777	17,372
Total equity	4,543,789	4,440,363
Total liabilities and equity	$ 21,058,293	$ 20,795,540