Financial Statements

Advance Auto Parts, Inc. (AAP)

$202.53

+5.11 (+2.59%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2022 2021 2019 2018 2017
Retained Earnings (Previous Year) 4,197-3,3262,920-
Net Income 616493487424476
Stock Dividends -463,760-2302,462
Dividend Paid -161-56-17-18-18
Retained Earnings 4,6064,1973,7733,3262,920

PPE Schedule

Year 2022 2021 2019 2018 2017
Gross PPE 3,843-1,3691,394-
Annual Depreciation 6474,1102,9011691,584
Capital Expenditure -290-268-472-194-190
Net PPE 4,2003,8433,7991,3691,394

Intangible and Goodwill Schedule

Year 2022 2021 2019 2018 2017
Intangible and Goodwill (Previous Year) -994990-994
New Purchases -----
Intangible and Goodwill 994990992994994

Advance Auto Parts, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Advance Auto Parts, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.