Napa Auto Parts 2014 Annual Report Download - page 74

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Genuine Parts Company and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)
December 31, 2014
annual revenues of approximately $300,000,000. Quaker City serves approximately 260 auto parts stores, of
which approximately 140 are company-owned. The Company funded the acquisition with cash on hand and
short-term borrowings under credit facilities.
10. Segment Data
The Company’s reportable segments consist of automotive, industrial, office products, and electrical/
electronic materials. Within the reportable segments, certain of the Company’s operating segments are
aggregated since they have similar economic characteristics, products and services, type and class of customers,
and distribution methods.
The Company’s automotive segment distributes replacement parts (other than body parts) for substantially
all makes and models of automobiles, trucks, and other vehicles.
The Company’s industrial segment distributes a wide variety of industrial bearings, mechanical and fluid
power transmission equipment, including hydraulic and pneumatic products, material handling components, and
related parts and supplies.
The Company’s office products segment distributes a wide variety of office products, computer supplies,
office furniture, and business electronics.
The Company’s electrical/electronic materials segment distributes a wide variety of electrical/electronic
materials, including insulating and conductive materials for use in electronic and electrical apparatus.
Inter-segment sales are not significant. Operating profit for each industry segment is calculated as net sales
less operating expenses excluding general corporate expenses, interest expense, equity in income from investees,
amortization, and noncontrolling interests. Approximately $138,900,000, $193,400,000 and $115,200,000 of
income before income taxes was generated in jurisdictions outside the United States for the years ended
December 31, 2014, 2013, and 2012, respectively. Net sales and net long-lived assets by country relate directly to
the Company’s operations in the respective country. Corporate assets are principally cash and cash equivalents
and headquarters’ facilities and equipment.
F-30