Napa Auto Parts 2014 Annual Report Download - page 75

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Genuine Parts Company and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)
December 31, 2014
For management purposes, net sales by segment exclude the effect of certain discounts, incentives, and
freight billed to customers. The line item “other” represents the net effect of the discounts, incentives, and freight
billed to customers that are reported as a component of net sales in the Company’s consolidated statements of
income and comprehensive income.
2014 2013 2012 2011 2010
(In Thousands)
Net sales:
Automotive ................. $ 8,096,877 $ 7,489,186 $ 6,320,882 $ 6,061,424 $ 5,608,101
Industrial ................... 4,771,080 4,429,976 4,453,574 4,173,574 3,521,863
Office products .............. 1,802,754 1,638,618 1,686,690 1,689,368 1,641,963
Electrical/electronic materials . . . 739,119 568,872 582,820 557,537 449,770
Other ...................... (68,183) (48,809) (30,098) (23,026) (14,108)
Total net sales ................... $15,341,647 $14,077,843 $13,013,868 $12,458,877 $11,207,589
Operating profit:
Automotive ................. $ 700,386 $ 641,492 $ 540,678 $ 467,806 $ 421,109
Industrial ................... 370,043 320,720 352,119 337,628 255,616
Office products .............. 133,727 122,492 134,441 134,124 131,746
Electrical/electronic materials . . . 64,884 47,584 50,910 40,663 30,910
Total operating profit ............. 1,269,040 1,132,288 1,078,148 980,221 839,381
Interest expense, net .............. (24,192) (24,330) (19,619) (24,608) (26,598)
Corporate expense ................ (90,242) (34,667) (26,606) (58,033) (46,263)
Intangible asset amortization ........ (36,867) (28,987) (12,991) (6,774) (4,737)
Income before income taxes ........ $ 1,117,739 $ 1,044,304 $ 1,018,932 $ 890,806 $ 761,783
Assets:
Automotive ................. $ 4,275,298 $ 4,009,244 $ 3,411,252 $ 3,218,931 $ 3,177,644
Industrial ................... 1,224,735 1,162,697 1,130,877 1,100,024 955,241
Office products .............. 835,592 708,944 731,564 700,720 694,166
Electrical/electronic materials . . . 196,400 156,780 137,237 129,933 113,757
Corporate ................... 327,623 353,276 898,292 773,391 637,871
Goodwill and other intangible
assets .................... 1,386,590 1,289,356 497,839 279,775 209,548
Total assets ..................... $ 8,246,238 $ 7,680,297 $ 6,807,061 $ 6,202,774 $ 5,788,227
F-31