ADVANCE AUTO PARTS INC
For the period ended Apr 20, 2024. Filed May 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 20, 2024 · Filed May 30, 2024
AAP$45.88-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands) (Unaudited)
| Sixteen Weeks Ended | ||
|---|---|---|
| April 20, 2024 | April 22, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $40,012 | $48,323 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 94,711 | 92,554 |
| Share-based compensation | 16,696 | 16,524 |
| (Gain) Loss and impairment of long-lived assets | (18,368) | 90 |
| Provision for deferred income taxes | 2,637 | 6,899 |
| Other, net | 1,164 | 849 |
| Net change in: | ||
| Receivables, net | (27,469) | (85,827) |
| Inventories, net | 20,017 | (104,355) |
| Accounts payable | (141,323) | (424,190) |
| Accrued expenses | 1,270 | 89,666 |
| Other assets and liabilities, net | 13,341 | (23,057) |
| Net cash provided by (used in) operating activities | 2,688 | (382,524) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (48,957) | (89,996) |
| Proceeds from sales of property and equipment | 10,028 | 325 |
| Net cash used in investing activities | (38,929) | (89,671) |
| Cash flows from financing activities: | ||
| Borrowings under credit facilities | — | 2,886,000 |
| Payments on credit facilities | — | (2,955,000) |
| Borrowings on senior unsecured notes | — | 599,571 |
| Dividends paid | (14,966) | (89,487) |
| Purchase of noncontrolling interest | (7,149) | — |
| Proceeds from the issuance of common stock | 946 | 1,100 |
| Repurchases of common stock | (3,338) | (12,605) |
| Other, net | (1,137) | (4,377) |
| Net cash (used in) provided by financing activities | (25,644) | 425,202 |
| Effect of exchange rate changes on cash | 9,417 | 68 |
| Net decrease in cash and cash equivalents | (52,468) | (46,925) |
| Cash and cash equivalents, beginning of period | 503,471 | 270,805 |
| Cash and cash equivalents, end of period | $451,003 | $223,880 |
| Non-cash transactions: | ||
| Accrued purchases of property and equipment | $8,585 | $6,909 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.