ADVANCE AUTO PARTS INC
For the period ended Dec 28, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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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Item 8. Consolidated Statements of Cash Flows
| Advance Auto Parts, Inc. and SubsidiariesConsolidated Statements of Cash Flows(in thousands) | |||
|---|---|---|---|
| Year Ended | |||
| December 28, 2024 | December 30, 2023 | December 31, 2022 | |
| Cash flows from operating activities: | |||
| Net (loss) income | $(335,788) | $29,735 | $464,402 |
| Net income from discontinued operations | 251,167 | 59,759 | 103,866 |
| Net (loss) income from continuing operations | (586,955) | (30,024) | 360,536 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 291,980 | 269,430 | 248,327 |
| Share-based compensation | 42,193 | 40,905 | 46,482 |
| Write-down on receivables | 34,176 | — | — |
| Loss on sale and impairment of long-lived assets | 157,957 | 857 | 2,345 |
| Loss on early redemption of senior unsecured notes | — | — | 7,408 |
| Provision for deferred income taxes | (203,276) | (37,175) | 22,811 |
| Other, net | 3,968 | 3,267 | 2,587 |
| Net change in: | |||
| Receivables, net | 28,952 | (114,745) | 27,420 |
| Inventories | 270,403 | (64,146) | (70,969) |
| Accounts payable | (110,112) | 57,518 | 119,334 |
| Accrued expenses | 126,588 | 94,698 | (158,632) |
| Other assets and liabilities, net | 84,630 | (78,797) | 14,989 |
| Net cash provided by operating activities from continuing operations | 140,504 | 141,788 | 622,638 |
| Net cash (used in) provided by operating activities from discontinued operations | (55,871) | 145,587 | 113,933 |
| Net cash provided by operating activities | 84,633 | 287,375 | 736,571 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (180,800) | (225,672) | (398,757) |
| Purchase of intangible asset | — | — | (1,900) |
| Proceeds from sales of property and equipment | 13,394 | 6,922 | 1,137 |
| Net cash used in investing activities from continuing operations | (167,406) | (218,750) | (399,520) |
| Net cash provided by (used in) investing activities from discontinued operations | 1,522,160 | (16,739) | (24,928) |
| Net cash provided by (used in) investing activities | 1,354,754 | (235,489) | (424,448) |
| Cash flows from financing activities: | |||
| Borrowings under credit facilities | — | 4,805,000 | 2,035,000 |
| Payments on credit facilities | — | (4,990,000) | (1,850,000) |
| Proceeds from issuance of senior unsecured notes, net | — | 599,571 | 348,618 |
| Payments on senior unsecured notes | — | — | (201,081) |
| Dividends paid | (59,855) | (209,293) | (336,230) |
| Purchase of noncontrolling interests | (9,101) | — | — |
| Repurchases of common stock | (6,501) | (14,518) | (618,480) |
| Other, net | 447 | (1,493) | 1,469 |
| Net cash (used in) provided by financing activities | (75,010) | 189,267 | (620,704) |
| Effect of exchange rate changes on cash | 1,569 | (8,487) | (8,664) |
| Net increase (decrease) in cash and cash equivalents | 1,365,946 | 232,666 | (317,245) |
| Cash and cash equivalents, beginning of period | 503,471 | 270,805 | 588,050 |
| Cash and cash equivalents, end of period | $1,869,417 | $503,471 | $270,805 |
| Advance Auto Parts, Inc. and SubsidiariesConsolidated Statements of Cash Flows(in thousands) | |||
|---|---|---|---|
| Year Ended | |||
| December 28, 2024 | December 30, 2023 | December 31, 2022 | |
| Summary of cash and cash equivalents: | |||
| Cash and cash equivalents of continuing operations, end of period | $1,869,417 | $488,049 | $220,134 |
| Cash and cash equivalents of discontinued operations, end of period | — | 15,422 | 50,671 |
| Cash and cash equivalents, end of period | $1,869,417 | $503,471 | $270,805 |
| Supplemental cash flow information: | |||
| Interest paid | $75,740 | $73,844 | $46,159 |
| Income tax payments | $37,037 | $98,792 | $94,605 |
| Non-cash transactions: | |||
| Accrued purchases of property and equipment | $14,841 | $5,287 | $8,927 |
| Transfer of property and equipment from (to) assets related to discontinued operations to (from) continuing operations | $7,262 | $(1,666) | $— |
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