Advance Auto Parts 2013 Annual Report Download - page 33

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20
Item 6. Selected Consolidated Financial Data.
The following table sets forth our selected historical consolidated statement of operations, balance sheet, cash flows and
other operating data. Included in this table are key metrics and operating results used to measure our financial progress. The
selected historical consolidated financial and other data (excluding the Selected Store Data and Performance Measures) as of
December 28, 2013 and December 29, 2012 and for the three years ended December 28, 2013 have been derived from our
audited consolidated financial statements and the related notes included elsewhere in this report. The historical consolidated
financial and other data as of December 31, 2011, January 1, 2011 and January 2, 2010 and for the years ended January 1, 2011
and January 2, 2010 have been derived from our audited consolidated financial statements and the related notes that have not
been included in this report. You should read this data along with “Management’s Discussion and Analysis of Financial
Condition and Results of Operations”, and our consolidated financial statements and the related notes included elsewhere in
this report.
Fiscal Year (1)
2013 2012 2011 2010 2009
(in thousands, except per share data, store data and ratios)
Statement of Operations Data:
Net Sales $ 6,493,814 $ 6,205,003 $ 6,170,462 $ 5,925,203 $ 5,412,623
Cost of sales 3,241,668 3,106,967 3,101,172 2,963,888 2,768,397
Gross Profit 3,252,146 3,098,036 3,069,290 2,961,315 2,644,226
Selling, general and administrative expenses (2) 2,591,828 2,440,721 2,404,648 2,376,382 2,189,841
Operating income 660,318 657,315 664,642 584,933 454,385
Interest expense (3) (36,618) (33,841) (30,949) (26,861) (23,337)
Other income (expense), net 2,698 600 (457) (1,017) 607
Income before provision for income taxes 626,398 624,074 633,236 557,055 431,655
Income tax expense 234,640 236,404 238,554 211,002 161,282
Net income $ 391,758 $ 387,670 $ 394,682 $ 346,053 $ 270,373
Per Share Data:
Net income per basic share $ 5.36 $ 5.29 $ 5.21 $ 4.00 $ 2.85
Net income per diluted share 5.32 5.22 5.11 3.95 2.83
Cash dividends declared per basic share 0.24 0.24 0.24 0.24 0.24
Weighted average basic shares outstanding 72,930 73,091 75,620 86,082 94,459
Weighted average diluted shares outstanding 73,414 74,062 77,071 87,155 95,113
Cash flows provided by (used in):
Operating activities $ 545,250 $ 685,281 $ 828,849 $ 666,159 $ 699,690
Investing activities (362,107) (272,978) (289,974) (199,350) (185,539)
Financing activities 331,217 127,907 (540,183) (507,618) (451,491)
Balance Sheet and Other Financial Data:
Cash and cash equivalents $ 1,112,471 $ 598,111 $ 57,901 $ 59,209 $ 100,018
Inventory 2,556,557 2,308,609 2,043,158 1,863,870 1,631,867
Inventory turnover (4) 1.33 1.43 1.59 1.70 1.70
Inventory per store (5) 631 609 558 523 477
Accounts payable to Inventory ratio (6) 85.3% 87.9% 80.9% 71.0% 61.2%
Net working capital (7) $ 1,224,599 $ 624,562 $ 105,945 $ 276,222 $ 421,591
Capital expenditures 195,757 271,182 268,129 199,585 192,934
Total assets 5,564,774 4,613,814 3,655,754 3,354,217 3,072,963
Total debt 1,053,584 605,088 415,984 301,824 204,271
Total net debt (8) (58,887) 6,977 358,083 252,171 113,781
Total stockholders' equity 1,516,205 1,210,694 847,914 1,039,374 1,282,365