Napa Auto Parts 2008 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 30,300 employees.
table of contents
business segments at a glance - 2 letter to our shareholders - 4 business narratives - 6 selected nancial 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 ows - 29 notes to consolidated nancial statements - 30 ofcers - 42 board of directors - 44 shareholder information - IBC
nancial highlights
2008 Increase/ 2007 Increase 2006
Decrease
Net Sales $ 11,015,263,000 2% $10,843,195,000 4% $10,457,942,000
Income Before Income Taxes 768,468,000 -6% 816,745,000 6% 770,916,000
Income Taxes 293,051,000 -6% 310,406,000 5% 295,511,000
Net Income 475,417,000 -6% 506,339,000 7% 475,405,000
Shareholders’ Equity 2,324,332,000 -14% 2,716,716,000 7% 2,549,991,000
Rate Earned on Shareholders’ Equity
at the Beginning of the Year 17.5% - 19.9% - 17.6%
Weighted Average Common
Shares Outstanding- Assuming Dilution 162,986,000 - 170,135,000 - 172,486,000
Per Common Share:
Diluted Net Income $2.92 -2% $2.98 8% $2.76
Dividends Declared $1.56 7% $1.46 8% $1.35
gpc net sales by segment
48 percent
32 percent
16 percent
4 percent
1