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![GENUINE PARTS CO [GPC] reports annual net loss of $1.3 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FGPC.png&w=1200&q=75)
GENUINE PARTS CO [GPC] has reported a net loss of $1.3 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $23.1 billion
Based in ATLANTA, Georgia, GENUINE PARTS CO operates in the WHOLESALE sector.
In the 12 months ended December 31, 2023, Company XYZ reported net sales of $23,090.6 million, compared to $22,095.0 million in the same period in 2022 and $18,870.5 million in 2021.
The cost of goods sold for Company XYZ in the same period was $14,799.9 million in 2023, $14,355.9 million in 2022, and $12,236.4 million in 2021.
The gross profit for Company XYZ in the 12 months ended December 31, 2023, was $8,290.7 million compared to $7,740.1 million in 2022 and $6,634.1 million in 2021.
Total operating expenses, including selling, administrative, other expenses, depreciation, and amortization, for Company XYZ were $6,543.6 million in 2023, $6,125.9 million in 2022, and $5,471.2 million in 2021.
In terms of non-operating expenses (income), Company XYZ reported total expenses of $4.7 million in 2023, $41.6 million in 2022, and an income of $37.4 million in 2021.
Income before income taxes for Company XYZ in the 12 months ended December 31, 2023, was $1,742.3 million, compared to $1,572.6 million in 2022 and $1,200.3 million in 2021.
Company XYZ's net income for the 12 months ended December 31, 2023, was $1,316.5 million, an increase from $1,182.7 million in 2022 and $898.8 million in 2021.
Earnings per share for Company XYZ in the 12 months ended December 31, 2023, were not provided in the Income Statement table, and therefore the comparison with the previous year's earnings per share is not available.
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