NYSE: GPC
GENUINE PARTS COCIK 0000040987 · SIC 5013 · Motor Vehicle Supplies
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Net sales rose 4.2% to $6.52B in the fiscal third quarter, while net income slipped 0.8% to $224.4M as restructuring and separation costs weighed on results.
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Latest financial statements
From 10-Q filed Oct 20, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Unaudited)
(in thousands, except per share data)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Net sales | 6,521,308 | 6,260,232 | 19,323,199 | 18,290,726 |
| Cost of goods sold | 4,037,033 | 3,918,830 | 12,029,253 | 11,451,252 |
| Gross profit | 2,484,275 | 2,341,402 | 7,293,946 | 6,839,474 |
| Operating expenses: | ||||
| Selling, administrative and other expenses | 1,944,518 | 1,805,928 | 5,718,856 | 5,286,802 |
| Depreciation and amortization | 137,490 | 127,475 | 403,234 | 365,928 |
| Provision for doubtful accounts | 9,238 | 6,871 | 27,339 | 20,351 |
| Restructuring and other costs | 64,545 | 66,835 | 193,426 | 167,317 |
| Total operating expenses | 2,155,791 | 2,007,109 | 6,342,855 | 5,840,398 |
| Non-operating expense (income): | ||||
| Interest expense, net | 45,970 | 40,342 | 135,723 | 117,769 |
| Other | 3,866 | 2,258 | (2,503) | (580) |
| Total non-operating expense | 49,836 | 42,600 | 133,220 | 117,189 |
| Income before income taxes | 278,648 | 291,693 | 817,871 | 881,887 |
| Income taxes | 54,201 | 65,522 | 177,331 | 206,444 |
| Net income | 224,447 | 226,171 | 640,540 | 675,443 |
| Basic earnings per share | 1.63 | 1.63 | 4.65 | 4.86 |
| Diluted earnings per share | 1.62 | 1.62 | 4.64 | 4.85 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 763,151 | 477,179 |
| Trade accounts receivable, less allowance for doubtful accounts (2026 $92,230; 2025 – $85,537) | 2,619,491 | 2,370,939 |
| Merchandise inventories, net | 6,435,802 | 6,071,996 |
| Prepaid expenses and other current assets | 1,632,361 | 1,644,620 |
| Total current assets | 11,450,805 | 10,564,734 |
| Goodwill | 3,206,231 | 3,188,815 |
| Other intangible assets, less accumulated amortization | 1,743,938 | 1,855,714 |
| Property, plant and equipment, less accumulated depreciation (2026 $2,349,284; 2025 – $2,137,108) | 2,161,387 | 2,172,140 |
| Operating lease assets | 2,062,454 | 2,084,487 |
| Other assets | 872,340 | 929,650 |
| Total assets | 21,497,155 | 20,795,540 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Trade accounts payable | 6,394,876 | 6,051,882 |
| Short-term borrowings | 388,088 | 943,540 |
| Current portion of long-term debt | 250,000 | 353,788 |
| Dividends payable | 148,074 | 143,291 |
| Other current liabilities | 2,180,515 | 2,295,204 |
| Total current liabilities | 9,361,553 | 9,787,705 |
| Long-term debt | 4,472,149 | 3,498,423 |
| Operating lease liabilities | 1,713,902 | 1,739,478 |
| Pension and other post–retirement benefit liabilities | 218,787 | 219,270 |
| Deferred tax liabilities | 368,353 | 385,948 |
| Other long-term liabilities | 703,492 | 724,353 |
| Equity: | ||
| Preferred stock, par value $1 per share; authorized – 10,000,000 shares; none issued | — | — |
| Common stock, par value $1 per share; authorized – 450,000,000 shares; issued and outstanding – 2026 – 137,864,682 shares; 2025 – 137,617,832 shares | 137,865 | 137,618 |
| Additional paid-in capital | 259,505 | 228,370 |
| Accumulated other comprehensive loss | (518,474) | (511,766) |
| Retained earnings | 4,770,080 | 4,568,769 |
| Total parent equity | 4,648,976 | 4,422,991 |
| Noncontrolling interests in subsidiaries | 9,943 | 17,372 |
| Total equity | 4,658,919 | 4,440,363 |
| Total liabilities and equity | 21,497,155 | 20,795,540 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Operating activities: | ||
| Net income | 640,540 | 675,443 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 403,234 | 365,928 |
| Share-based compensation | 45,095 | 37,183 |
| Other operating activities, including changes in operating assets and liabilities | (272,222) | (567,865) |
| Net cash provided by operating activities | 816,647 | 510,689 |
| Investing activities: | ||
| Purchases of property, plant and equipment | (314,476) | (350,443) |
| Proceeds from sale of property, plant and equipment | 28,070 | 21,085 |
| Acquisitions of businesses | (69,450) | (181,987) |
| Proceeds from divestitures of businesses | 6,885 | 59 |
| Other investing activities | (12,105) | 23,335 |
| Net cash used in investing activities | (361,076) | (487,951) |
| Financing activities: | ||
| Proceeds from debt | 1,291,217 | 44,600 |
| Payments on debt | (997,776) | (567,368) |
| Net proceeds of commercial paper | 44,968 | 886,175 |
| Shares issued from employee incentive plans | (13,713) | (16,316) |
| Dividends paid | (434,446) | (420,571) |
| Other financing activities | (29,283) | (20,237) |
| Net cash used in financing activities | (139,033) | (93,717) |
| Effect of exchange rate changes on cash and cash equivalents | (30,566) | 22,347 |
| Net increase (decrease) in cash and cash equivalents | 285,972 | (48,632) |
| Cash and cash equivalents at beginning of period | 477,179 | 479,991 |
| Cash and cash equivalents at end of period | 763,151 | 431,359 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share data); (in thousands, except share and per share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗