Advance Auto Parts 2014 Annual Report Download - page 26

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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
January 3, 2015 and December 28, 2013 and for the three years ended January 3, 2015 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 29, 2012, December 31, 2011 and January 1, 2011 and for the years ended December 31, 2011
and January 1, 2011 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)
2014 2013 2012 2011 2010
(in thousands, except per share data, store data and ratios)
Statement of Operations Data:
Net sales $ 9,843,861 $ 6,493,814 $ 6,205,003 $ 6,170,462 $ 5,925,203
Cost of sales 5,390,248 3,241,668 3,106,967 3,101,172 2,963,888
Gross profit 4,453,613 3,252,146 3,098,036 3,069,290 2,961,315
Selling, general and administrative expenses (2) 3,601,903 2,591,828 2,440,721 2,404,648 2,376,382
Operating income 851,710 660,318 657,315 664,642 584,933
Interest expense (3) (73,408) (36,618) (33,841) (30,949) (26,861)
Other income (expense), net 3,092 2,698 600 (457) (1,017)
Income before provision for income taxes 781,394 626,398 624,074 633,236 557,055
Income tax expense 287,569 234,640 236,404 238,554 211,002
Net income $ 493,825 $ 391,758 $ 387,670 $ 394,682 $ 346,053
Per Share Data:
Net income per basic share $ 6.75 $ 5.36 $ 5.29 $ 5.21 $ 4.00
Net income per diluted share $ 6.71 $ 5.32 $ 5.22 $ 5.11 $ 3.95
Cash dividends declared per basic share $ 0.24 $ 0.24 $ 0.24 $ 0.24 $ 0.24
Weighted average basic shares outstanding 72,932 72,930 73,091 75,620 86,082
Weighted average diluted shares outstanding 73,414 73,414 74,062 77,071 87,155
Cash flows provided by (used in):
Operating activities $ 708,991 $ 545,250 $ 685,281 $ 828,849 $ 666,159
Investing activities $ (2,288,237) $ (362,107) $ (272,978) $ (289,974) $ (199,350)
Financing activities $ 575,911 $ 331,217 $ 127,907 $ (540,183) $ (507,618)
Balance Sheet and Other Financial Data:
Cash and cash equivalents $ 104,671 $ 1,112,471 $ 598,111 $ 57,901 $ 59,209
Inventory $ 3,936,955 $ 2,556,557 $ 2,308,609 $ 2,043,158 $ 1,863,870
Inventory turnover (4) 1.47 1.33 1.43 1.59 1.70
Inventory per store (5) $ 733 $ 631 $ 609 $ 558 $ 523
Accounts payable to Inventory ratio (6) 78.6% 85.3% 87.9% 80.9% 71.0%
Net working capital (7) $ 997,974 $ 1,224,599 $ 624,562 $ 105,945 $ 276,222
Capital expenditures $ 228,446 $ 195,757 $ 271,182 $ 268,129 $ 199,585
Total assets $ 7,962,358 $ 5,564,774 $ 4,613,814 $ 3,655,754 $ 3,354,217
Total debt $ 1,636,893 $ 1,053,584 $ 605,088 $ 415,984 $ 301,824
Total net debt (8) $ 1,532,222 $ (58,887) $ 6,977 $ 358,083 $ 252,171
Total stockholders' equity $ 2,002,912 $ 1,516,205 $ 1,210,694 $ 847,914 $ 1,039,374