ADVANCE AUTO PARTS INC
For the period ended Oct 5, 2024. Filed Nov 14, 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.
Oct 5, 2024 · Filed Nov 14, 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)
| Forty Weeks Ended | ||
|---|---|---|
| October 5, 2024 | October 7, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $78,989 | $64,862 |
| Net income from discontinued operations | 56,413 | 59,696 |
| Net income from continuing operations | 22,576 | 5,166 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 217,197 | 206,658 |
| Share-based compensation | 33,810 | 33,777 |
| (Gain) Loss on sale and impairment of long-lived assets | (14,273) | 1,886 |
| Provision for deferred income taxes | 24,289 | (27,811) |
| Other, net | 2,986 | 2,436 |
| Net change in: | ||
| Receivables, net | (60,383) | (161,629) |
| Inventories, net | (152,229) | (110,871) |
| Accounts payable | (25,225) | (77,336) |
| Accrued expenses | 30,794 | 171,117 |
| Other assets and liabilities, net | 1,477 | (71,707) |
| Net cash provided by (used in) operating activities of continuing operations | 81,019 | (28,314) |
| Net cash provided by operating activities of discontinued operations | 76,917 | 57,148 |
| Net cash provided by operating activities | 157,936 | 28,834 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (129,714) | (174,186) |
| Proceeds from sales of property and equipment | 13,232 | 2,001 |
| Net cash used in investing activities of continuing operations | (116,482) | (172,185) |
| Net cash used in investing activities of discontinued operations | (7,988) | (13,015) |
| Net cash used in investing activities | (124,470) | (185,200) |
| Cash flows from financing activities: | ||
| Borrowings under credit facilities | — | 4,805,000 |
| Payments on credit facilities | — | (4,990,000) |
| Borrowings on senior unsecured notes | — | 599,571 |
| Dividends paid | (44,882) | (194,322) |
| Purchase of noncontrolling interest | (9,101) | — |
| Proceeds from the issuance of common stock | 2,995 | 3,045 |
| Repurchases of common stock | (5,601) | (14,237) |
| Other, net | (1,143) | (5,010) |
| Net cash (used in) provided by financing activities | (57,732) | 204,047 |
| Effect of exchange rate changes on cash | 11,766 | (1,932) |
| Net (decrease) increase in cash and cash equivalents | (12,500) | 45,749 |
| Cash and cash equivalents, beginning of period | 503,471 | 270,805 |
| Forty Weeks Ended | ||
|---|---|---|
| October 5, 2024 | October 7, 2023 | |
| Cash and cash equivalents, end of period | $490,971 | $316,554 |
| Non-cash transactions of continuing operations: | ||
| Accrued purchases of property and equipment | $9,276 | $9,434 |
| Transfers of property and equipment from (to) assets related to discontinued operations to (from) continuing operations | $7,262 | $(105) |
| Summary of cash and cash equivalents: | ||
| Cash and cash equivalents of continuing operations, end of period | 464,492 | 308,804 |
| Cash and cash equivalents of discontinued operations, end of period | 26,479 | 7,750 |
| Cash and cash equivalents, end of period | $490,971 | $316,554 |
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