Napa Auto Parts 2006 Annual Report Download - page 3

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Genuine Parts Company, founded in 1928, is a service organization engaged
in the distribution of automotive replacement parts, industrial replacement
parts, ofce products and electrical/electronic materials. The Company
serves numerous customers from more than 2,000 operations and has
approximately 32,000 employees.
2 Business Segments at a Glance
4 Letter to Our Shareholders
6 Business Narratives
13 Selected Financial Data
14 Stock Performance
15 Segment Data
16 Management’s Discussion and Analysis
24 Report of Management
25 Reports of Independent Registered
Public Accountants
26 Consolidated Balance Sheets
27 Consolidated Statements of Income
28 Consolidated Statements of Shareholders’ Equity
29 Consolidated Statements of Cash Flows
30 Notes to Consolidated Financial Statements
42 Board of Directors and Officers
44 Shareholder Information
Financial Highlights
2006 Increase 2005 Increase 2004
Net Sales $ 10,457,942,000 7% $ 9,783,050,000 8% $ 9,097,267,000
Income Before Income Taxes 770,916,000 9% 709,064,000 12% 635,919,000
Income Taxes 295,511,000 9% 271,630,000 13% 240,367,000
Net Income 475,405,000 9% 437,434,000 11% 395,552,000
Current Ratio 3.2 - 3.0 - 3.2
Shareholders’ Equity 2,549,991,000 -5% 2,693,957,000 6% 2,544,377,000
Rate Earned on Shareholders’ Equity
at the Beginning of the Year 17.6% - 17.2% - 17.1%
Average Common Shares Outstanding-
Assuming Dilution 172,486,000 - 175,007,000 - 175,660,000
Per Common Share:
Diluted Net Income $2.76 10% $2.50 11% $2.25
Dividends Declared $1.35 8% $1.25 4% $1.20
GPC Net Sales by Segment
49%
30%
17%
4% 1