Napa Auto Parts 2007 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,฀office฀products฀and฀electrical/electronic฀materials.฀
The฀Company฀serves฀numerous฀customers฀from฀more฀than฀2,000฀฀
operations฀and฀has฀approximately฀32,000฀employees.
Business฀Segments฀at฀a฀Glance฀-฀2฀฀฀฀Letter฀to฀Our฀Shareholders฀-฀4฀฀฀฀Business฀Narratives฀-฀6฀฀฀฀Selected฀Financial฀Data฀-฀13฀฀฀฀Stock฀Performance฀-฀14
Segment฀Data฀-฀15฀฀฀฀Management’s฀Discussion฀and฀Analysis฀-฀16฀฀฀฀Report฀of฀Management฀-฀24฀฀฀฀Reports฀of฀Independent฀Registered฀Public฀Accountants฀-฀25
Consolidated฀Balance฀Sheets฀-฀26฀฀฀฀Consolidated฀Statements฀of฀Income฀-฀27฀฀฀฀Consolidated฀Statements฀of฀Shareholders’฀Equity฀-฀28฀฀฀฀Consolidated฀
Statements฀of฀Cash฀Flows฀-฀29฀฀฀฀Notes฀to฀Consolidated฀Financial฀Statements฀-฀30฀฀฀฀Officers฀-฀42฀฀฀฀Board฀of฀Directors฀-฀44฀฀฀฀Shareholder฀Information฀-฀IBC
฀Financial฀Highlights
2007 Increase 2006 Increase 2005
Net Sales $ 10,843,195,000 4% $ 10,457,942,000 7% $ 9,783,050,000
Income Before Income Taxes 816,745,000 6% 770,916,000 9% 709,064,000
Income Taxes 310,406,000 5% 295,511,000 9% 271,630,000
Net Income 506,339,000 7% 475,405,000 9% 437,434,000
Shareholders’ Equity 2,716,716,000 7% 2,549,991,000 -5% 2,693,957,000
Rate Earned on Shareholders’ Equity
at the Beginning of the Year 19.9% - 17.6% - 17.2%
Average Common Shares Outstanding-
Assuming Dilution 170,135,000 - 172,486,000 - 175,007,000
Per Common Share:
Diluted Net Income $2.98 8% $2.76 10% $2.50
Dividends Declared $1.46 8% $1.35 8% $1.25
GPC Net Sales
by Segment
automotive฀-฀49฀percent฀฀฀฀฀฀
motion฀industries฀-฀31฀percent฀฀฀฀฀฀
sp฀richards฀-฀16฀percent฀฀฀฀฀฀
eis฀-฀4฀percent
80 years of progress
1