Napa Auto Parts 2005 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2005 Napa Auto Parts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

3
%
51
%
29
%
17
%
Genuine Parts Company,
founded in 1928, is a service
organization engaged in the
distribution of automotive
replacement parts, industrial
replacement parts, office
products and electrical/electronic
materials. The Company serves
numerous customers from more
than 1,900 operations and has
approximately 31,700 employees.
FINANCIAL HIGHLIGHTS 2005 Increase 2004
Net Sales $ 9,783,050,000 8% $ 9,097,267,000
Income Before Income Taxes 709,064,000 12% 635,919,000
Income Taxes 271,630,000 13% 240,367,000
Net Income 437,434,000 11% 395,552,000
Current Ratio 3.0 — 3.2
Shareholders’ Equity 2,693,957,000 6% 2,544,377,000
Rate Earned on Shareholders' Equity at the Beginning of the Year 17.2% — 17.1%
Average Common Shares Outstanding-
Assuming Dilution 175,007,000 — 175,660,000
Per Common Share:
Diluted Net Income $ 2.50 11% $ 2.25
Dividends Declared $ 1.25 4% $ 1.20
2Business Segments at a Glance
4Letter to Our Shareholders
6Business Narratives
13 Selected Financial Data
14 Segment Data
15 Management’s Discussion and Analysis
21 Report of Management
22 Reports of Independent Registered
Public Accountants
23 Consolidated Balance Sheets
24 Consolidated Statements of Income
25 Consolidated Statements of Shareholders’ Equity
26 Consolidated Statements of Cash Flows
27 Notes to Consolidated Financial Statements
39 Board of Directors and Officers
IBC Shareholder Information
GPC NET SALES BY SEGMENT
1