Advance Auto Parts, Inc
(NYSE:AAP)

Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and cli...

Website: http://www.advanceautoparts.com

Founded: 1932

Full Time Employees: 39,000

Sector: Consumer Cyclical

Industry: Specialty Retail

Consumer Cyclical

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At a glance:

Turnaround Execution Is the Core Equity Story: Advance Auto Parts is focused on restoring profitability through operational improvements, merchandising discipline, and better in-stock performance; investor results will hinge on the pace and durability of this turnaround.
DIY vs. Professional Mix and Competitive Pressure Drive Sales: Demand and margins are influenced by the mix between DIY and professional customers, competitive pricing in auto parts retail, and the company’s ability to win share with availability, service levels, and targeted promotions.
Margin Recovery Depends on Inventory, Shrink, and Supply Chain Efficiency: Gross and operating margin trends are closely tied to inventory health, shrink/markdown management, and logistics productivity; improvements here can meaningfully lift earnings power.
Cash Flow and Balance Sheet Flexibility Are Key Watch Items: Free cash flow generation, working-capital management, and leverage levels are central to valuation and optionality, including the capacity to reinvest in stores and distribution while maintaining financial flexibility.
Store Footprint and Assortment Optimization Could Be Catalysts: Rationalizing underperforming locations, refining assortment, and prioritizing higher-return investments (e.g., commercial delivery capability) may improve returns on capital and support a more stable long-term earnings profile.

Bull Thesis:

Turnaround Potential Under New Leadership: With a new CEO and ongoing strategic review, Advance Auto Parts has the potential to streamline operations, improve supply chain efficiency, and enhance profitability. Successful execution of these initiatives could unlock significant shareholder value.
Undervalued Stock with Recovery Potential: Following significant stock price declines and a depressed valuation, AAP may present an attractive entry point for long-term investors. If the company's operational improvements materialize, the stock could see a substantial recovery from current levels.
Resilient Aftermarket Demand: The automotive aftermarket industry benefits from an aging vehicle fleet, increasing vehicle complexity, and the necessity of maintenance and repairs. This provides a stable demand backdrop for AAP's products and services, regardless of broader economic fluctuations.

Bear Thesis:

Persistent Operational Underperformance and Margin Pressure: Advance Auto Parts has consistently struggled with operational execution, leading to lower gross and operating margins compared to its peers. Ongoing supply chain inefficiencies, inventory management issues, and pricing pressures continue to hinder profitability.
Intense Competitive Landscape: The auto parts industry is highly competitive, with strong rivals like AutoZone and O'Reilly Auto Parts, as well as increasing pressure from online retailers. This intense competition makes it challenging for AAP to gain market share and maintain pricing power.
High Debt Load and Limited Financial Flexibility: The company carries a substantial amount of debt, which could constrain its ability to invest in growth initiatives, return capital to shareholders, or withstand further operational setbacks. High interest expenses also weigh on net income.
Significant Execution Risk for Turnaround Plan: While new leadership has outlined strategic initiatives, the successful execution of a complex turnaround plan in a competitive environment is challenging and carries significant risk. Past efforts to improve performance have not consistently delivered desired results, leading to investor skepticism.

Main Competitors:

O'Reilly Automotive, Inc. ($ORLY) (Auto parts, tools, supplies, equipment, and accessories for professional and DIY customers.), Another direct competitor with a significant emphasis on the professional installer market, while also serving DIY customers. Competes on product availability, speed of delivery to commercial accounts, and knowledgeable staff, often outperforming in the professional segment.
Genuine Parts Company (NAPA Auto Parts) ($GPC) (Automotive parts, industrial parts, office products, and electrical materials (NAPA Auto Parts is the relevant segment).), Operates the NAPA Auto Parts network, which is a major competitor, particularly strong in the professional and commercial segments due to its extensive distribution network and brand recognition. Competes on breadth of inventory, quality of parts, and strong relationships with repair shops.
Amazon.com, Inc. ($AMZN) (Online retail platform offering a vast array of auto parts, accessories, and tools.), Competes primarily online by offering a massive selection of parts, often at competitive prices, with convenient delivery options. Poses a significant threat to the DIY market by providing an alternative to brick-and-mortar stores for research and purchase, leveraging its logistics and customer reach.
Walmart Inc. ($WMT) (Mass merchandise retailer offering basic auto parts, fluids, accessories, and tires.), Competes on convenience and price for common, high-turnover auto parts, fluids, and accessories. While not a specialist, its broad reach and low prices can capture a segment of the DIY market for routine maintenance items, especially for impulse or quick-need purchases.

Moat:

The auto parts retail industry is highly competitive, characterized by a mix of large national chains, online retailers, and mass merchandisers. Advance Auto Parts' moat primarily stems from its extensive physical store network, deep inventory, established supply chain, and relationships with professional installers. However, this moat is challenged by the scale and operational efficiencies of direct competitors like AutoZone and O'Reilly, who often have superior commercial programs. Online giants like Amazon disrupt the DIY market with unparalleled selection and convenience, while mass merchandisers like Walmart pressure pricing on common items. Success in this sector increasingly relies on robust supply chain management, effective e-commerce integration, and strong relationships with both DIY customers and professional repair shops.

Income Statements:

Quarterly

Annual

Unit: USD	2026-04-25	2026-01-03	2025-10-04	2025-07-12	2025-04-19	2024-12-28	2024-10-05	2024-07-13	2024-04-20	2023-12-30	2023-10-07	2023-07-15	2023-04-22	2022-12-31	2022-10-08	2022-07-16	2022-04-23	2022-01-01	2021-10-09	2021-07-17	2021-04-24	2021-01-02	2020-10-03	2020-07-11	2020-04-18	2019-12-28	2019-10-05	2019-07-13	2019-04-20	2018-12-29	2018-10-06	2018-07-14	2018-04-21	2017-12-30	2017-10-07	2017-07-15	2017-04-22	2016-12-31	2016-10-08	2016-07-16	2016-04-23	2016-01-02	2015-10-10	2015-07-18	2015-04-25	2015-01-03	2014-10-04	2014-07-12	2014-04-19	2013-12-28	2013-10-05	2013-07-13	2013-04-20	2012-12-29	2012-10-06	2012-07-14	2012-04-21	2011-12-31	2011-10-08	2011-07-16	2011-04-23	2011-01-01	2010-10-09	2010-07-17	2010-04-24	2010-01-02	2009-10-10	2009-08-15	2009-07-18	2009-04-25	2009-01-03	2008-10-04	2008-07-12	2008-04-19	2007-12-29

net sales	2,614,000,000	1,973,000,000	2,036,000,000	2,010,000,000	2,583,000,000	1,996,025,000	2,147,991,000	2,683,053,000	3,406,254,000	2,464,869,000	2,719,079,000	2,686,066,000	3,417,594,000	2,473,745,000	2,641,341,000	2,665,426,000	3,374,210,000	2,396,975,000	2,621,229,000	2,649,415,000	3,330,370,000	2,365,131,000	2,541,928,000	2,501,380,000	2,697,882,000	2,112,614,000	2,312,106,000	2,332,246,000	2,952,036,000	2,105,072,000	2,274,982,000	2,326,652,000	2,873,848,000	2,036,986,000	2,182,233,000	2,263,727,000	2,890,838,000	2,082,891,000	2,248,855,000	2,256,155,000	2,979,778,000	2,033,545,000	2,295,203,000	2,370,037,000	3,038,233,000	2,237,209,000	2,289,456,000	2,347,697,000	2,969,499,000	1,408,813,000	1,520,144,000	1,549,553,000	2,015,304,000	1,329,201,000	1,457,527,000	1,460,983,000	1,957,292,000	1,327,572,000	1,464,988,000	1,479,839,000	1,898,063,000	1,270,130,000	1,406,511,000	1,417,956,000	1,830,606,000	1,143,567,000	1,262,576,000	1,322,844,000	1,322,844,000	1,683,636,000	3,954,303,000	1,187,952,000	1,235,783,000	1,526,132,000
yoy	1.20%	-1.15%	-5.21%	-25.09%	-24.17%	-19.02%	-21.00%	-0.11%	-0.33%	-0.36%	2.94%	0.77%	1.29%	3.20%	0.77%	0.60%	1.32%	1.35%	3.12%	5.92%	23.44%	11.95%	9.94%	7.25%	-8.61%	0.36%	1.63%	0.24%	2.72%	3.34%	4.25%	2.78%	-0.59%	-2.20%	-2.96%	0.34%	-2.98%	2.43%	-2.02%	-4.81%	-1.92%	-9.10%	0.25%	0.95%	2.31%	58.80%	50.61%	51.51%	47.35%	5.99%	4.30%	6.06%	2.96%	0.12%	-0.51%	-1.27%	3.12%	4.52%	4.16%	4.36%	3.68%	11.07%	11.40%	7.19%	38.38%	-32.08%	-68.07%	11.36%	7.05%	10.32%
qoq	32.49%	-3.09%	1.29%	-22.18%	29.41%	-7.07%	-19.94%	-21.23%	38.19%	-9.35%	1.23%	-21.40%	38.15%	-6.35%	-0.90%	-21.01%	40.77%	-8.56%	-1.06%	-20.45%	40.81%	-6.96%	1.62%	-7.28%	27.70%	-8.63%	-0.86%	-21.00%	40.23%	-7.47%	-2.22%	-19.04%	41.08%	-6.66%	-3.60%	-21.69%	38.79%	-7.38%	-0.32%	-24.28%	46.53%	-11.40%	-3.16%	-21.99%	35.80%	-2.28%	-2.48%	-20.94%	110.78%	-7.32%	-1.90%	-23.11%	51.62%	-8.80%	-0.24%	-25.36%	47.43%	-9.38%	-1.00%	-22.03%	49.44%	-9.70%	-0.81%	-22.54%	60.08%	-9.43%	-4.56%	0.00%	-21.43%	-57.42%	232.87%	-3.87%	-19.03%
cost of sales	1,434,000,000	1,104,000,000	1,155,000,000	1,136,000,000	1,474,000,000
gross profit	1,180,000,000	869,000,000	881,000,000	874,000,000	1,109,000,000	347,116,000	907,898,000	1,114,308,000	1,429,074,000	920,964,000	986,659,000	1,148,069,000	1,470,663,000	1,090,011,000	1,179,851,000	1,185,719,000	1,506,520,000	1,072,117,000	1,182,454,000	1,189,251,000	1,484,926,000	1,083,696,000	1,128,471,000	1,096,714,000	1,172,733,000	928,769,000	1,011,926,000	1,009,438,000	1,304,612,000	928,644,000	1,006,927,000	1,011,559,000	1,272,284,000	873,569,000	947,708,000	993,088,000	1,270,684,000	907,564,000	988,205,000	1,010,257,000	1,349,889,000	909,172,000	1,032,387,000	1,087,289,000	1,393,924,000	1,003,941,000	1,034,442,000	1,062,108,000	1,353,122,000	701,777,000	762,940,000	779,223,000	1,008,206,000	663,155,000	725,350,000	728,858,000	980,673,000	650,738,000	724,503,000	735,848,000	958,201,000	627,485,000	707,785,000	715,268,000	910,777,000	548,129,000	621,459,000	652,650,000	652,650,000	821,988,000	1,885,945,000	577,119,000	600,838,000	743,451,000
yoy	6.40%	150.35%	-2.96%	-21.57%	-22.40%	-62.31%	-7.98%	-2.94%	-2.83%	-15.51%	-16.37%	-3.18%	-2.38%	1.67%	-0.22%	-0.30%	1.45%	-1.07%	4.78%	8.44%	26.62%	16.68%	11.52%	8.65%	-10.11%	0.01%	0.50%	-0.21%	2.54%	6.30%	6.25%	1.86%	0.13%	-3.75%	-4.10%	-1.70%	-5.87%	-0.18%	-4.28%	-7.08%	-3.16%	-9.44%	-0.20%	2.37%	3.02%	43.06%	35.59%	36.30%	34.21%	5.82%	5.18%	6.91%	2.81%	1.91%	0.12%	-0.95%	2.35%	3.71%	2.36%	2.88%	5.21%	14.48%	13.89%	9.59%	39.55%	-33.32%	-67.05%	13.09%	8.62%	10.56%
qoq	35.79%	-1.36%	0.80%	-21.19%	219.49%	-61.77%	-18.52%	-22.03%	55.17%	-6.66%	-14.06%	-21.94%	34.92%	-7.61%	-0.49%	-21.29%	40.52%	-9.33%	-0.57%	-19.91%	37.02%	-3.97%	2.90%	-6.48%	26.27%	-8.22%	0.25%	-22.63%	40.49%	-7.77%	-0.46%	-20.49%	45.64%	-7.82%	-4.57%	-21.85%	40.01%	-8.16%	-2.18%	-25.16%	48.47%	-11.93%	-5.05%	-22.00%	38.85%	-2.95%	-2.60%	-21.51%	92.81%	-8.02%	-2.09%	-22.71%	52.03%	-8.57%	-0.48%	-25.68%	50.70%	-10.18%	-1.54%	-23.21%	52.71%	-11.35%	-1.05%	-21.47%	66.16%	-11.80%	-4.78%	0.00%	-20.60%	-56.42%	226.79%	-3.95%	-19.18%
gross margin %	45.14%	44.04%	43.27%	43.48%	42.93%	17.39%	42.27%	41.53%	41.95%	37.36%	36.29%	42.74%	43.03%	44.06%	44.67%	44.49%	44.65%	44.73%	45.11%	44.89%	44.59%	45.82%	44.39%	43.84%	43.47%	43.96%	43.77%	43.28%	44.19%	44.11%	44.26%	43.48%	44.27%	42.89%	43.43%	43.87%	43.96%	43.57%	43.94%	44.78%	45.30%	44.71%	44.98%	45.88%	45.88%	44.87%	45.18%	45.24%	45.57%	49.81%	50.19%	50.29%	50.03%	49.89%	49.77%	49.89%	50.10%	49.02%	49.45%	49.72%	50.48%	49.40%	50.32%	50.44%	49.75%	47.93%	49.22%	49.34%	49.34%	48.82%	47.69%	48.58%	48.62%	48.71%
selling, general and administrative expenses, exclusive of restructuring expenses	1,079,000,000
restructuring and related expenses	32,000,000	24,000,000	33,000,000	29,000,000	118,000,000
selling, general and administrative expenses	1,111,000,000	825,000,000	859,000,000	852,000,000	1,240,000,000	1,167,119,000	907,495,000	1,042,557,000	1,343,053,000	1,001,680,000	1,030,355,000	1,013,701,000	1,380,664,000	958,009,000	1,002,653,000	984,037,000	1,303,250,000	959,655,000	953,256,000	944,323,000	1,232,797,000	931,870,000	871,660,000	833,869,000	1,094,308,000	802,630,000	839,598,000	838,666,000	1,096,672,000	844,391,000	852,686,000	844,018,000	1,074,043,000	786,417,000	791,139,000	846,377,000	1,090,904,000	801,417,000	794,437,000	793,573,000	1,078,890,000	808,494,000	826,862,000	830,240,000	1,131,396,000	857,864,000	825,284,000	821,435,000	1,097,320,000	610,933,000	592,216,000	584,541,000	804,138,000	549,959,000	574,990,000	559,663,000	756,109,000	538,820,000	546,683,000	546,921,000	772,224,000	543,548,000	560,563,000	543,666,000	728,605,000	490,956,000	516,604,000	517,875,000	517,875,000	664,406,000	1,566,915,000	481,222,000	472,879,000	599,173,000
operating income	69,000,000	44,000,000	22,000,000	22,000,000	-131,000,000	-820,003,000	403,000	71,751,000	86,021,000	-80,716,000	-43,696,000	134,368,000	89,999,000	132,002,000	177,198,000	201,682,000	203,270,000	112,462,000	229,198,000	244,928,000	252,129,000	151,826,000	256,811,000	262,845,000	78,425,000	126,139,000	172,328,000	170,772,000	207,940,000	84,253,000	154,241,000	167,541,000	198,241,000	87,152,000	156,569,000	146,711,000	179,780,000	106,147,000	193,768,000	216,684,000	270,999,000	100,678,000	205,525,000	257,049,000	262,528,000	146,077,000	209,158,000	240,673,000	255,802,000	90,844,000	170,724,000	194,682,000	204,068,000	113,196,000	150,360,000	169,195,000	224,564,000	111,918,000	177,820,000	188,927,000	185,977,000	83,937,000	147,222,000	171,602,000	182,172,000	57,173,000	104,855,000	134,775,000	134,775,000	157,582,000	319,030,000	95,897,000	127,959,000	144,278,000
yoy	-152.67%	-105.37%	5359.06%	-69.34%	-252.29%	915.91%	-100.92%	-46.60%	-4.42%	-161.15%	-124.66%	-33.38%	-55.72%	17.37%	-22.69%	-17.66%	-19.38%	-25.93%	-10.75%	-6.82%	221.49%	20.36%	49.02%	53.92%	-62.28%	49.71%	11.73%	1.93%	4.89%	-3.33%	-1.49%	14.20%	10.27%	-17.89%	-19.20%	-32.29%	-33.66%	5.43%	-5.72%	-15.70%	3.23%	-31.08%	-1.74%	6.80%	2.63%	60.80%	22.51%	23.62%	25.35%	-19.75%	13.54%	15.06%	-9.13%	1.14%	-15.44%	-10.44%	20.75%	33.34%	20.78%	10.10%	2.09%	46.81%	40.41%	27.32%	35.17%	-63.72%	-67.13%	40.54%	5.33%	9.22%
qoq	56.82%	100.00%	0.00%	-116.79%	-84.02%	-203574.69%	-99.44%	-16.59%	-206.57%	84.72%	-132.52%	49.30%	-31.82%	-25.51%	-12.14%	-0.78%	80.75%	-50.93%	-6.42%	-2.86%	66.06%	-40.88%	-2.30%	235.15%	-37.83%	-26.80%	0.91%	-17.87%	146.80%	-45.38%	-7.94%	-15.49%	127.47%	-44.34%	6.72%	-18.39%	69.37%	-45.22%	-10.58%	-20.04%	169.17%	-51.01%	-20.04%	-2.09%	79.72%	-30.16%	-13.09%	-5.91%	181.58%	-46.79%	-12.31%	-4.60%	80.28%	-24.72%	-11.13%	-24.66%	100.65%	-37.06%	-5.88%	1.59%	121.57%	-42.99%	-14.21%	-5.80%	218.63%	-45.47%	-22.20%	0.00%	-14.47%	-50.61%	232.68%	-25.06%	-11.31%
operating margin %	2.64%	2.23%	1.08%	1.09%	-5.07%	-41.08%	0.02%	2.67%	2.53%	-3.27%	-1.61%	5.00%	2.63%	5.34%	6.71%	7.57%	6.02%	4.69%	8.74%	9.24%	7.57%	6.42%	10.10%	10.51%	2.91%	5.97%	7.45%	7.32%	7.04%	4.00%	6.78%	7.20%	6.90%	4.28%	7.17%	6.48%	6.22%	5.10%	8.62%	9.60%	9.09%	4.95%	8.95%	10.85%	8.64%	6.53%	9.14%	10.25%	8.61%	6.45%	11.23%	12.56%	10.13%	8.52%	10.32%	11.58%	11.47%	8.43%	12.14%	12.77%	9.80%	6.61%	10.47%	12.10%	9.95%	5.00%	8.30%	10.19%	10.19%	9.36%	8.07%	8.07%	10.35%	9.45%
other, net:
interest expense	-65,000,000	-53,000,000	-40,000,000	-19,000,000	-27,000,000	-18,906,000	-18,805,000	-18,668,000	-24,875,000	-18,062,000	-19,407,000	-20,869,000	-29,718,000	-15,946,000	-12,039,000	-10,207,000	-12,868,000	-9,706,000	-8,587,000	-8,306,000	-11,191,000	-9,296,000	-11,925,000	-13,422,000	-12,243,000	-7,836,000	-8,443,000	-8,675,000	-14,944,000	-12,975,000	-13,076,000	-12,855,000	-17,682,000	-13,136,000	-13,314,000	-13,921,000	-18,430,000	-13,365,000	-13,581,000	-14,021,000	-18,943,000	-13,809,000	-14,384,000	-15,438,000	-21,777,000	-17,002,000	-15,903,000	-16,861,000	-23,642,000	-9,986,000	-7,948,000	-8,024,000	-10,660,000	-7,992,000	-8,048,000	-7,947,000	-9,854,000	-5,073,000	-8,150,000	-8,007,000	-9,719,000	-6,727,000	-7,002,000	-7,176,000	-5,956,000	-4,907,000	-5,339,000	-5,480,000	-5,480,000	-7,611,000	-27,057,000	-6,672,000	-7,250,000	-12,325,000
other income	31,000,000	30,000,000	16,000,000	18,000,000	27,000,000	13,472,000	2,393,000	9,011,000				1,684,000	-674,000	11,318,000	-17,741,000	-711,000	136,000	-2,791,000	1,810,000	1,143,000	4,836,000	-1,786,000	674,000	3,117,000		1,736,000	-3,145,000	4,113,000	-2,238,000	-1,421,000	5,755,000	2,785,000	458,000	121,000	745,000	3,169,000	4,813,000	4,129,000	-2,349,000	6,244,000	3,123,000	-3,044,000	1,276,000	-3,808,000	-1,908,000	1,883,000	398,000	208,000	603,000	1,009,000	366,000	365,000	958,000	-159,000	312,000	-55,000	502,000				55,000	454,000	-293,000	-1,702,000	524,000	-26,000	487,000	250,000	250,000	-104,000	-283,000	-223,000	-92,000	28,000
total other	-34,000,000	-23,000,000	-24,000,000	-1,000,000		-5,434,000	-16,412,000	-9,657,000	-26,165,000	-12,331,000	-20,623,000	-19,185,000	-30,392,000	-4,628,000	-29,780,000	-10,918,000	-20,140,000	-12,497,000	-6,777,000	-7,163,000	-6,355,000	-11,082,000	-59,273,000	-10,305,000	-18,232,000	-6,100,000	-11,588,000	-4,562,000	-17,182,000	-14,396,000	-7,321,000	-10,070,000	-17,224,000	-13,015,000	-12,569,000	-10,752,000	-13,617,000	-9,236,000	-15,930,000	-7,777,000	-15,820,000	-16,853,000	-13,108,000	-19,246,000	-23,685,000	-15,119,000	-15,505,000	-16,653,000	-23,039,000	-8,977,000	-7,582,000	-7,659,000	-9,702,000	-8,151,000	-7,736,000	-8,002,000	-9,352,000	-4,759,000	-8,764,000	-8,219,000	-9,664,000	-6,273,000	-7,295,000	-8,878,000	-5,432,000	-4,933,000	-4,852,000	-5,230,000	-5,230,000	-7,715,000	-27,340,000	-6,895,000	-7,342,000	-12,297,000
income before income tax expense	35,000,000
income tax expense	11,000,000	-37,500,000	-1,000,000	6,000,000	-155,000,000
net income	24,000,000	6,000,000	-1,000,000	15,000,000	24,000,000	-414,777,000	-6,014,000	44,991,000	40,012,000	-60,510,000	-48,633,000	85,362,000	42,651,000	106,696,000	110,982,000	144,402,000	139,791,000	81,669,000	169,813,000	178,696,000	185,930,000	111,997,000	147,476,000	189,960,000	43,588,000	95,907,000	123,669,000	124,820,000	142,500,000	53,442,000	115,843,000	117,836,000	136,727,000	184,500,000	95,996,000	87,049,000	107,960,000	62,365,000	113,844,000	124,600,000	158,813,000	54,819,000	120,469,000	149,998,000	148,112,000	84,434,000	122,177,000	139,488,000	147,726,000	49,267,000	103,830,000	116,871,000	121,790,000	65,055,000	89,503,000	99,606,000	133,506,000	66,439,000	105,553,000	113,107,000	109,583,000	48,113,000	87,598,000	100,911,000	109,431,000	34,479,000	61,979,000	80,330,000	80,330,000	93,585,000	181,883,000	56,155,000	75,386,000	82,086,000
yoy	0.00%	-101.45%	-83.37%	-66.66%	-40.02%	585.47%	-87.63%	-47.29%	-6.19%	-156.71%	-143.82%	-40.89%	-69.49%	30.64%	-34.64%	-19.19%	-24.82%	-27.08%	15.15%	-5.93%	326.56%	16.78%	19.25%	52.19%	-69.41%	79.46%	6.76%	5.93%	4.22%	-71.03%	20.67%	35.37%	26.65%	195.84%	-15.68%	-30.14%	-32.02%	13.77%	-5.50%	-16.93%	7.22%	-35.07%	-1.40%	7.53%	0.26%	71.38%	17.67%	19.35%	21.30%	-24.27%	16.01%	17.33%	-8.78%	-2.08%	-15.21%	-11.94%	21.83%	38.09%	20.50%	12.09%	0.14%	39.54%	41.33%	25.62%	36.23%	-63.16%	-65.92%	43.05%	6.56%	14.01%
qoq	300.00%	-700.00%	-106.67%	-37.50%	-105.79%	6796.86%	-113.37%	12.44%	-166.12%	24.42%	-156.97%	100.14%	-60.03%	-3.86%	-23.14%	3.30%	71.17%	-51.91%	-4.97%	-3.89%	66.01%	-24.06%	-22.36%	335.81%	-54.55%	-22.45%	-0.92%	-12.41%	166.64%	-53.87%	-1.69%	-13.82%	-25.89%	92.20%	10.28%	-19.37%	73.11%	-45.22%	-8.63%	-21.54%	189.70%	-54.50%	-19.69%	1.27%	75.42%	-30.89%	-12.41%	-5.58%	199.85%	-52.55%	-11.16%	-4.04%	87.21%	-27.32%	-10.14%	-25.39%	100.95%	-37.06%	-6.68%	3.22%	127.76%	-45.08%	-13.19%	-7.79%	217.38%	-44.37%	-22.84%	0.00%	-14.16%	-48.55%	223.89%	-25.51%	-8.16%
net income margin %	0.92%	0.30%	-0.05%	0.75%	0.93%	-20.78%	-0.28%	1.68%	1.17%	-2.45%	-1.79%	3.18%	1.25%	4.31%	4.20%	5.42%	4.14%	3.41%	6.48%	6.74%	5.58%	4.74%	5.80%	7.59%	1.62%	4.54%	5.35%	5.35%	4.83%	2.54%	5.09%	5.06%	4.76%	9.06%	4.40%	3.85%	3.73%	2.99%	5.06%	5.52%	5.33%	2.70%	5.25%	6.33%	4.87%	3.77%	5.34%	5.94%	4.97%	3.50%	6.83%	7.54%	6.04%	4.89%	6.14%	6.82%	6.82%	5.00%	7.21%	7.64%	5.77%	3.79%	6.23%	7.12%	5.98%	3.02%	4.91%	6.07%	6.07%	5.56%	4.60%	4.73%	6.10%	5.38%
basic earnings per common share	400,000	100,000	-20,000	250,000	400,000	-6,960	-100	750	670	-1,020	-820	1,440	720	1,800	1,850	2,390	2,280	1,340	2,700	2,760	2,830	1,660	2,140	2,750	630	1,390	1,760	1,740	1,990	740	1,570	1,590	1,850					840	1,540	1,690	2,160	750	1,640	2,040	2,020	1,150	1,670
basic weighted-average common shares outstanding	60,100,000	59,900,000	60,000,000	59,900,000	59,800,000	59,647,000	59,684,000
diluted earnings per common share	390,000	100,000	-20,000	250,000	400,000	-6,930	-100	750	670	-1,010	-820	1,430	720	1,800	1,840	2,380	2,260	1,330	2,680	2,740	2,810	1,640	2,130	2,740	630	1,380	1,750	1,730	1,980	740	1,560	1,590	1,840					840	1,530	1,680	2,140	740	1,630	2,030	2,000	1,150	1,660
diluted weighted-average common shares outstanding	60,900,000	60,600,000	60,000,000	60,500,000	60,200,000	59,902,000	59,902,000
selling, general and administrative expenses, exclusive of restructuring and related expenses		692,750,000	826,000,000	823,000,000	1,122,000,000
income before income taxes		-28,000,000	-2,000,000	21,000,000	-131,000,000
net income from continuing operations		30,000,000	-1,000,000	15,000,000	24,000,000	-609,531,000	-25,363,000
net income from discontinued operations						194,754,000	19,349,000
basic earnings per common share from continuing operations		500,000	-20,000	250,000	400,000	-10,220	-420
basic earnings per common share from discontinued operations						3,260	320
diluted earnings per common share from continuing operations		500,000	-20,000	250,000	400,000	-10,180	-420
diluted earnings per common share from discontinued operations						3,250	320
cost of sales, including purchasing and warehousing costs						1,009,224,500	1,240,093,000	1,568,745,000	1,977,180,000	1,305,050,000	1,732,420,000	1,537,997,000	1,946,931,000	1,202,222,000	1,461,490,000	1,479,707,000	1,867,690,000	1,324,858,000	1,438,775,000	1,460,164,000	1,845,444,000	1,281,435,000	1,413,457,000	1,404,666,000	1,525,149,000	1,183,845,000	1,300,180,000	1,322,808,000	1,647,424,000	1,176,428,000	1,268,055,000	1,315,093,000	1,601,564,000	1,163,417,000	1,234,525,000	1,270,639,000	1,620,154,000	1,175,327,000	1,260,650,000	1,245,898,000	1,629,889,000	1,124,373,000	1,262,816,000	1,282,748,000	1,644,309,000	1,233,268,000	1,255,014,000	1,285,589,000	1,616,377,000	707,036,000	757,204,000	770,330,000	1,007,098,000	666,046,000	732,177,000	732,125,000	976,619,000	676,834,000	740,485,000	743,991,000	939,862,000	642,645,000	698,726,000	702,688,000	919,829,000	595,438,000	641,117,000	670,194,000	670,194,000	861,648,000	2,068,358,000	610,833,000	634,945,000	782,681,000
income before provision for income taxes						-825,437,000	-16,009,000	62,094,000	59,856,000	-93,047,000	-64,319,000	115,183,000	59,607,000	127,374,000	147,418,000	190,764,000	183,130,000	99,965,000	222,421,000	237,765,000	245,774,000	140,744,000	197,538,000	252,540,000	60,193,000	120,039,000	160,740,000	166,210,000	190,758,000	69,857,000	146,920,000	157,471,000	181,017,000	74,137,000	144,000,000	135,959,000	166,163,000	96,911,000	177,838,000	208,907,000	255,179,000	83,825,000	192,417,000	237,803,000	238,843,000	130,958,000	193,653,000	224,020,000	232,763,000	81,867,000	163,142,000	187,023,000	194,366,000	105,045,000	142,624,000	161,193,000	215,212,000	107,159,000	169,056,000	180,708,000	176,313,000	77,664,000	139,927,000		176,740,000	52,240,000	100,003,000	129,545,000					120,617,000	131,981,000
provision for income taxes						-215,906,000	9,354,000	17,103,000	19,844,000	-32,537,000	-15,686,000	29,821,000	16,956,000	-272,952,000	36,436,000	46,362,000	43,339,000	-361,338,000	52,608,000	59,069,000	59,844,000	28,747,000	50,062,000	62,580,000	16,605,000	24,132,000	37,071,000	41,390,000	48,258,000	16,415,000	31,077,000	39,635,000	44,290,000	-110,363,000	48,004,000	48,910,000	58,203,000	34,546,000	63,994,000	84,307,000	96,366,000	29,006,000	71,948,000	87,805,000	90,731,000	46,524,000	71,476,000	84,532,000	85,037,000	32,600,000	59,312,000	70,152,000	72,576,000	39,990,000	53,121,000	61,587,000	81,706,000	40,720,000	63,503,000	67,601,000	66,730,000	29,551,000	52,329,000		67,309,000	17,761,000	38,024,000	49,215,000					45,231,000	49,895,000
weighted-average common shares outstanding								59,633,000	59,558,000	59,432,000	59,474,000	59,451,000	59,334,000	60,351,000	60,053,000	60,452,000	61,261,000	64,028,000	62,854,000	64,745,000	65,688,000	68,748,000	68,965,000	69,118,000	69,181,000	70,869,000	70,381,000	71,738,000	71,787,000	73,728,000	73,888,000	74,054,000	73,979,000	73,846,000				73,562,000	73,638,000	73,576,000	73,401,000	73,190,000	73,215,000	73,183,000	73,122,000	72,932,000	72,955,000	72,930	72,869	72,930
other expense									-1,290,000	-51,500	-1,216,000														-5,989,000																																	-192,750	-614,000	-212,000
loss on early redemption of senior unsecured notes														-1,852,000
loss on early redemptions of senior unsecured notes																	-7,408,000						-48,022,000
dividends declared per common share																														45	60	60	60					60	60	60	60	60	60	60	60	60	60	0.06	0.06	0.06	0.06	0.06	0.06
basic earnings per share																																		0.985	1.3	1.18	1.46											1.91	2.02	0.68	1.42	1.6	1.66	0.88	1.22	1.36	1.83	0.94	1.43	1.48	1.37	0.59	1.04	1.18	1.2	0.37	0.65	0.84	0.84	0.99	1.92	0.59	0.79	0.86
weighted-average shares outstanding																																			73,866	73,848	73,782
diluted earnings per share																																		0.983	1.3	1.17	1.46											1.89	2.01	0.67	1.42	1.59	1.65	0.88	1.21	1.34	1.79	0.92	1.41	1.46	1.35	0.58	1.03	1.16	1.19	0.37	0.65	0.83	0.83	0.98	1.91	0.59	0.79	0.86
weighted-average shares outstanding - assuming dilution																																			74,106	74,093	74,093
dividends declared per share																																		0.045	0.06	0.06	0.06
weighted-average common shares outstanding - assuming dilution																																						73,856,000	73,860,000	73,835,000	73,847,000	73,733,000	73,763,000	73,682,000	73,653,000	73,414,000	73,427,000	73,399	73,355	73,414
average common shares outstanding																																																		18,245.25	72,747	72,930	73,194	39	73,166	73,150	72,888	-975	73,381	75,979	79,468	-929	83,695	85,394	90,712	-188	94,656	94,868	94,868	94,473	-364	95,019	95,008	94,987
average common shares outstanding - assuming dilution																																																		18,365.75	73,128	73,343	73,806	-45	73,992	74,084	74,223	-987	74,730	77,426	81,019	-798	84,802	86,410	91,473	-212	95,474	95,745	95,745	94,889	-554	95,859	95,770	95,683
income before benefit from income taxes																																																																162,724,000					129,545,000	149,867,000	291,690,000	89,002,000
benefit from income taxes																																																																61,813,000					49,215,000	56,282,000	109,807,000	32,847,000
dilutive effect of share-based compensation																																																																							-190	840	762	696

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-04-25	2026-01-03	2025-10-04	2025-07-12	2025-04-19	2024-12-28	2024-10-05	2024-07-13	2024-04-20	2023-12-30	2023-10-07	2023-07-15	2023-04-22	2022-12-31	2022-10-08	2022-07-16	2022-04-23	2022-01-01	2021-10-09	2021-07-17	2021-04-24	2021-01-02	2020-10-03	2020-07-11	2020-04-18	2019-12-28	2019-10-05	2019-07-13	2019-04-20	2018-12-29	2018-10-06	2018-07-14	2018-04-21	2017-12-30	2017-10-07	2017-07-15	2017-04-22	2016-12-31	2016-10-08	2016-07-16	2016-04-23	2016-01-02	2015-10-10	2015-07-18	2015-04-25	2015-01-03	2014-10-04	2014-07-12	2014-04-19	2013-12-28	2013-10-05	2013-07-13	2013-04-20	2012-12-29	2012-10-06	2012-07-14	2012-04-21	2011-12-31	2011-10-08	2011-07-16	2011-04-23	2011-01-01	2010-10-09	2010-07-17	2010-04-24	2010-01-02	2009-10-10	2009-08-15	2009-07-18	2009-04-25	2009-01-03	2008-10-04	2008-07-12	2008-04-19	2007-12-29

current assets:
cash and cash equivalents	2,956,000,000	3,123,000,000	3,174,000,000	1,657,000,000	1,672,000,000	1,869,417,000	464,492,000	479,418,000	451,003,000	503,471,000	317,528,000	277,064,000	226,499,000	269,282,000	191,204,000	240,551,000	138,733,000	601,428,000	604,645,000	809,287,000	880,233,000	834,992,000	1,068,205,000	1,141,502,000	1,279,838,000	418,665,000	573,726,000	747,719,000	537,330,000	896,527,000	970,006,000	902,249,000	639,143,000	546,937,000	363,302,000	257,230,000	126,087,000	135,178,000	119,494,000	104,827,000	103,708,000	90,782,000	105,346,000	114,536,000	123,821,000	104,671,000	89,664,000	67,446,000	83,358,000	1,112,471,000	567,301,000	520,969,000	407,724,000	598,111,000	479,383,000	448,594,000	364,084,000	57,901,000	65,929,000	68,820,000	53,667,000	59,209,000	194,502,000	160,818,000	133,286,000	100,018,000	216,215,000	126,391,000	126,391,000	50,902,000	37,358,000	21,307,000	19,459,000	19,128,000	14,654,000
receivables	402,000,000	380,000,000	483,000,000	492,000,000	494,000,000	544,040,000	668,937,000	847,609,000	825,384,000	800,141,000	868,305,000	793,772,000	782,093,000	698,613,000	845,667,000	930,452,000	957,799,000	782,785,000	931,758,000	803,880,000	804,826,000	749,999,000	843,054,000	742,346,000	627,405,000	689,469,000	721,342,000	713,061,000	684,419,000	624,972,000	698,617,000	664,149,000	620,378,000	606,357,000	679,359,000	680,503,000	683,024,000	641,252,000	686,947,000	657,483,000	650,993,000	597,788,000	664,614,000	653,309,000	631,926,000	579,825,000	634,828,000	622,432,000	576,606,000	277,595,000	278,977,000	281,714,000	272,208,000	229,866,000	204,555,000	159,349,000	146,228,000	140,007,000	131,409,000	122,188,000	115,424,000	124,227,000	115,731,000	114,885,000	110,471,000	92,560,000	92,993,000	89,393,000	89,393,000	87,519,000	97,203,000	93,778,000	90,146,000	84,083,000	84,983,000
inventories	3,815,000,000	3,646,000,000	3,694,000,000	3,692,000,000	3,731,000,000	3,612,081,000	4,042,200,000	4,903,490,000	4,828,314,000	4,857,702,000	4,949,382,000	5,067,467,000	5,015,973,000	4,915,262,000	4,926,579,000	4,830,101,000	4,778,849,000	4,659,018,000	4,450,452,000	4,428,115,000	4,476,656,000	4,538,199,000	4,367,272,000	4,358,489,000	4,526,003,000	4,432,168,000	4,391,093,000	4,374,933,000	4,433,981,000	4,362,547,000	4,187,082,000	4,159,756,000	4,230,473,000	4,168,492,000	4,219,321,000	4,293,367,000	4,413,803,000	4,325,868,000	4,357,013,000	4,421,274,000	4,432,968,000	4,174,768,000	4,141,562,000	4,119,592,000	4,104,777,000	3,936,955,000	3,941,549,000	3,935,157,000	3,910,948,000	2,556,557,000	2,463,978,000	2,407,041,000	2,423,772,000	2,308,609,000	2,193,369,000	2,096,341,000	2,106,944,000	2,043,158,000	2,109,721,000	2,091,913,000	2,118,119,000	1,863,870,000	1,839,498,000	1,816,998,000	1,745,555,000	1,631,867,000	1,657,067,000	1,635,754,000	1,635,754,000	1,681,336,000	1,623,088,000	1,717,656,000	1,686,443,000	1,618,320,000	1,529,469,000
other current assets	128,000,000	141,000,000	167,000,000	172,000,000	183,000,000	118,002,000	180,448,000	229,623,000	236,507,000	215,707,000	185,249,000	188,169,000	177,127,000	163,695,000	199,069,000	182,061,000	182,399,000	232,245,000	174,406,000	180,589,000	149,003,000	146,811,000	158,819,000	153,188,000	138,749,000	155,241,000	140,487,000	126,758,000	126,108,000	198,408,000	168,578,000	151,662,000	127,522,000	105,106,000	105,970,000	95,115,000	83,779,000	70,466,000	98,672,000	96,200,000	78,558,000	77,408,000	96,863,000	90,491,000	76,341,000	119,589,000	97,232,000	89,741,000	70,872,000	42,761,000	68,435,000	66,555,000	59,170,000	47,614,000	70,582,000	60,883,000	52,578,000	52,754,000	67,063,000	59,245,000	48,278,000	76,965,000	51,931,000	48,669,000	33,984,000	63,173,000	46,381,000	43,848,000	43,848,000	34,037,000	49,977,000	46,078,000	41,685,000	27,570,000	53,719,000
total current assets	7,301,000,000	7,290,000,000	7,518,000,000	6,013,000,000	6,080,000,000	6,143,540,000	7,493,767,000	6,460,140,000	6,341,208,000	6,377,021,000	6,320,464,000	6,326,472,000	6,201,692,000	6,046,852,000	6,162,519,000	6,183,165,000	6,057,780,000	6,275,476,000	6,161,261,000	6,221,871,000	6,310,718,000	6,270,001,000	6,437,350,000	6,395,525,000	6,571,995,000	5,695,543,000	5,826,648,000	5,962,471,000	5,781,838,000	6,082,454,000	6,024,283,000	5,877,816,000	5,617,516,000	5,426,892,000	5,367,952,000	5,326,215,000	5,306,693,000	5,172,764,000	5,262,126,000	5,279,784,000	5,266,227,000	4,940,746,000	5,008,385,000	4,977,928,000	4,936,865,000	4,741,040,000	4,763,273,000	4,714,776,000	4,641,784,000	3,989,384,000	3,378,691,000	3,276,279,000	3,162,874,000	3,184,200,000	2,947,889,000	2,765,167,000	2,669,834,000	2,293,820,000	2,374,122,000	2,342,166,000	2,335,488,000	2,124,271,000	2,201,662,000	2,141,370,000	2,023,296,000	1,887,618,000	2,012,656,000	1,895,386,000	1,895,386,000	1,853,794,000	1,807,626,000	1,878,819,000	1,837,733,000	1,749,101,000	1,682,825,000
property and equipment	1,253,000,000	1,269,000,000	1,269,000,000	1,263,000,000	1,265,000,000	1,334,338,000	1,479,738,000	1,579,886,000	1,611,251,000	1,648,546,000	1,663,080,000	1,688,891,000	1,694,337,000	1,690,139,000	1,663,939,000	1,611,119,000	1,567,986,000	1,528,311,000	1,483,246,000	1,472,467,000	1,463,990,000	1,462,602,000	1,444,889,000	1,436,485,000	1,444,478,000	1,433,213,000	1,389,089,000	1,381,388,000	1,363,128,000	1,368,985,000	1,335,769,000	1,338,931,000	1,358,397,000	1,394,138,000	1,418,486,000	1,431,294,000	1,439,621,000	1,446,340,000	1,442,173,000	1,431,922,000	1,432,698,000	1,434,577,000	1,396,093,000	1,400,342,000	1,397,950,000	1,432,030,000	1,424,569,000	1,422,083,000	1,425,117,000	1,283,970,000	1,278,655,000	1,285,029,000	1,284,805,000	1,291,759,000	1,270,432,000	1,263,680,000	1,233,689,000	1,223,099,000	1,191,453,000	1,172,132,000
operating lease right-of-use assets	2,131,000,000	2,157,000,000	2,184,000,000	2,173,000,000	2,185,000,000	2,242,602,000	2,399,630,000	2,596,201,000	2,589,504,000	2,578,776,000	2,600,946,000	2,618,822,000	2,628,899,000	2,607,690,000	2,625,638,000	2,661,743,000	2,687,581,000	2,671,810,000	2,514,375,000	2,441,652,000	2,378,964,000	2,379,987,000	2,362,437,000	2,367,527,000	2,319,511,000	2,365,325,000	2,335,732,000	2,360,019,000	2,371,362,000
goodwill	600,000,000	600,000,000	599,000,000	600,000,000	600,000,000	598,217,000	600,182,000	990,266,000	989,921,000	991,743,000	989,934,000	991,871,000	990,573,000	990,471,000	989,946,000	992,401,000	993,820,000	993,744,000	994,562,000	994,140,000	994,530,000	993,590,000	991,398,000	990,396,000	989,112,000	992,240,000	991,375,000	992,432,000	991,240,000	990,237,000	992,764,000	991,934,000	993,461,000	994,293,000	994,408,000	993,916,000	990,695,000	990,877,000	991,392,000	992,579,000	993,742,000	989,484,000	992,576,000	991,742,000	993,276,000	995,426,000	997,715,000	1,001,213,000	1,011,299,000	199,835,000	199,835,000	199,791,000	201,789,000	76,389,000	76,389,000	76,389,000	76,389,000	76,389,000	51,378,000	34,387,000	34,387,000	34,387,000	34,387,000	34,387,000	34,387,000	34,387,000	34,387,000	34,603,000	34,603,000	34,603,000	34,603,000	34,603,000	34,603,000	33,718,000	33,718,000
other intangible assets	399,000,000	400,000,000	401,000,000	404,000,000	404,000,000	405,751,000	409,501,000	577,275,000	583,547,000	593,341,000	598,699,000	606,450,000	612,104,000	620,901,000	625,673,000	634,262,000	642,120,000	651,217,000
other assets	115,000,000	110,000,000	88,000,000	86,000,000	83,000,000			86,038,000	85,679,000	86,899,000	75,809,000	71,870,000	54,633,000	62,429,000	64,364,000	55,273,000	53,194,000	73,651,000	52,182,000	43,402,000	47,831,000	52,329,000	50,374,000	48,250,000	49,444,000	52,448,000	49,446,000	49,667,000	46,241,000	48,379,000	56,839,000	54,922,000	62,233,000	69,304,000	78,858,000	67,109,000	64,674,000	64,149,000	66,593,000	68,566,000	69,869,000	82,633,000	81,763,000	83,161,000	88,224,000	45,122,000	48,227,000	51,437,000	44,434,000	39,649,000	31,491,000	32,797,000	37,786,000	31,833,000	33,059,000	33,654,000	34,124,000	30,451,000	31,286,000	29,237,000	25,813,000	25,557,000	26,841,000	26,763,000	21,553,000	22,709,000	18,906,000	19,247,000	19,247,000	21,542,000	20,563,000	10,865,000	11,532,000	10,710,000	10,961,000
total assets	11,799,000,000	11,826,000,000	12,059,000,000	10,539,000,000	10,617,000,000	10,798,109,000	12,468,184,000	12,289,806,000	12,201,110,000	12,276,326,000	12,248,932,000	12,304,376,000	12,182,238,000	12,018,482,000	12,132,079,000	12,137,963,000	12,002,481,000	12,194,209,000
liabilities and stockholders' equity:
current liabilities:
accounts payable	3,054,000,000	2,977,000,000	3,177,000,000	3,322,000,000	3,425,000,000	3,407,889,000	3,498,460,000	4,048,321,000	4,031,299,000	4,177,974,000	3,943,019,000	3,780,215,000	3,682,749,000	4,123,462,000	4,097,412,000	4,086,826,000	3,942,388,000	3,922,007,000	3,750,835,000	3,807,293,000	3,737,853,000	3,640,639,000	3,527,324,000	3,310,073,000	3,304,207,000	3,421,987,000	3,402,538,000	3,317,972,000	3,276,955,000	3,172,790,000	3,023,660,000	2,909,990,000	2,890,317,000	2,894,582,000	2,921,653,000	2,937,096,000	3,049,218,000	3,086,177,000	3,197,075,000	3,219,718,000	3,318,048,000	3,203,922,000	3,180,175,000	3,174,411,000	3,138,574,000	3,095,365,000	3,090,991,000	3,054,340,000	2,975,975,000	2,180,614,000	2,057,615,000	2,048,202,000	2,101,549,000	2,029,814,000	1,825,162,000	1,738,101,000	1,737,339,000	1,653,183,000	1,586,058,000	1,570,320,000	1,574,347,000	1,292,113,000	1,255,608,000	1,266,244,000	1,185,782,000	966,274,000	959,692,000	875,987,000	875,987,000	910,199,000	791,330,000	853,839,000	884,946,000	801,214,000	688,970,000
accrued expenses	630,000,000	756,000,000	761,000,000	703,000,000	663,000,000	784,635,000	641,914,000	694,970,000	668,205,000	671,237,000	714,317,000	685,191,000	718,290,000	634,447,000	681,216,000	674,100,000	617,793,000	777,051,000	731,786,000	608,846,000	603,327,000	606,804,000	632,670,000	659,642,000	528,156,000	535,863,000	579,074,000	587,119,000	530,277,000	623,141,000	648,817,000	635,896,000	543,343,000	533,548,000	572,360,000	629,088,000	563,276,000	554,397,000	590,325,000	564,757,000	534,674,000	553,163,000	582,661,000	547,848,000	536,931,000	520,673,000	573,183,000	579,199,000	541,451,000	428,625,000	429,171,000	450,253,000	381,315,000	379,639,000	413,950,000	417,663,000	376,807,000	385,746,000	390,283,000	396,187,000	386,552,000	404,086,000	429,262,000	452,490,000	424,961,000	393,060,000	400,965,000	413,009,000	413,009,000	407,568,000	372,510,000	335,454,000	339,142,000	311,561,000	301,414,000
other current liabilities	423,000,000	443,000,000	411,000,000	406,000,000	406,000,000	472,833,000	458,343,000	513,483,000	510,345,000	458,194,000	478,603,000	465,972,000	466,416,000	427,480,000	479,273,000	480,836,000	492,393,000	481,249,000	472,608,000	483,206,000	451,243,000	496,472,000	488,894,000	467,844,000	498,686,000	519,852,000	482,301,000	467,314,000	491,645,000	90,019,000	48,755,000	52,331,000	46,479,000	51,967,000	43,396,000	32,143,000	47,137,000	35,166,000	49,579,000	56,354,000	55,243,000	39,794,000	187,483,000	156,908,000	148,386,000	126,446,000	114,288,000	69,940,000	75,956,000	154,630,000	148,528,000	140,332,000	140,588,000	149,558,000	141,043,000	135,517,000	133,761,000	148,098,000	128,338,000	118,537,000	114,508,000	119,229,000	91,508,000	82,963,000	68,122,000	73,257,000	59,041,000	52,916,000	52,916,000	48,650,000	43,177,000	50,560,000	52,367,000	53,689,000	51,385,000
total current liabilities	4,107,000,000	4,176,000,000	4,349,000,000	4,731,000,000	4,793,000,000	4,665,357,000	5,593,541,000	5,256,774,000	5,209,849,000	5,307,405,000	5,135,939,000	5,026,378,000	4,983,455,000	5,370,389,000	5,442,901,000	5,341,818,000	5,052,574,000	5,180,307,000	4,955,229,000	4,899,345,000	4,792,423,000	4,743,915,000	4,648,888,000	4,437,559,000	4,831,049,000	4,477,702,000	4,463,913,000	4,372,405,000	4,298,877,000	3,885,950,000	3,721,232,000	3,598,217,000	3,480,139,000	3,480,097,000	3,537,409,000	3,598,327,000	3,659,631,000	3,676,046,000	3,837,351,000	3,841,233,000	3,908,563,000	3,797,477,000	3,950,914,000	3,879,758,000	3,824,478,000	3,743,066,000	3,784,042,000	3,774,173,000	3,664,247,000	2,764,785,000	2,636,344,000	2,639,665,000	2,624,141,000	2,559,638,000	2,380,854,000	2,292,041,000	2,248,714,000	2,187,875,000	2,105,628,000	2,086,035,000	2,076,330,000	1,848,049,000	1,827,864,000	1,846,214,000	1,697,715,000	1,466,027,000	1,472,958,000	1,421,425,000	1,421,425,000	1,470,677,000	1,364,994,000	1,422,462,000	1,430,472,000	1,315,932,000	1,225,928,000
long-term debt	3,414,000,000	3,412,000,000	3,411,000,000	1,492,000,000	1,491,000,000	1,789,161,000	1,788,513,000	1,787,867,000	1,787,221,000	1,786,361,000	1,785,717,000	1,785,074,000	1,784,596,000	1,188,283,000	1,187,916,000	1,187,583,000	1,187,170,000	1,034,320,000	1,034,002,000	1,033,686,000	1,033,369,000	1,032,984,000	1,031,872,000	1,240,340,000	1,241,094,000	747,320,000	747,136,000	746,951,000	746,767,000	1,045,720,000	1,045,398,000	1,045,077,000	1,044,755,000	1,044,327,000	1,044,008,000	1,043,690,000	1,073,372,000	1,042,949,000	1,042,633,000	1,169,702,000	1,229,888,000	1,213,161,000	1,293,102,000	1,453,044,000	1,609,687,000	1,636,311,000	1,730,150,000	1,797,795,000	2,001,740,000	1,052,668,000	604,027,000	604,117,000	604,265,000	604,461,000	599,550,000	599,696,000	599,841,000	415,136,000	599,438,000	565,420,000	430,832,000	300,851,000	301,043,000	301,254,000	277,695,000	202,927,000	278,149,000	278,835,000	278,835,000	279,010,000	455,161,000	470,494,000	452,266,000	553,836,000	505,062,000
operating lease liabilities	1,813,000,000	1,812,000,000	1,850,000,000	1,854,000,000	1,881,000,000
deferred income taxes	153,000,000	142,000,000	166,000,000	172,000,000	171,000,000	192,671,000	380,118,000	375,658,000	364,564,000	362,542,000	382,840,000	432,680,000	422,984,000	415,997,000	433,717,000	419,052,000	420,336,000	410,606,000	375,069,000	365,978,000	357,343,000	342,445,000	342,730,000	338,086,000	333,265,000	334,013,000	318,309,000	313,903,000	310,404,000	318,353,000	320,160,000	314,091,000	310,686,000	303,620,000	429,194,000	438,782,000	446,128,000	454,282,000	455,348,000	446,124,000	442,294,000	433,925,000
other long-term liabilities	99,000,000	86,000,000	88,000,000	87,000,000	84,000,000	83,813,000	89,949,000	85,681,000	83,625,000	84,524,000	87,669,000	87,063,000	85,762,000	87,214,000	99,910,000	98,698,000	102,189,000	103,034,000	148,972,000	146,980,000	148,001,000	146,281,000	171,711,000	146,761,000	133,979,000	123,250,000	124,781,000	131,035,000	124,067,000	239,812,000	225,927,000	220,222,000	232,752,000	239,061,000	226,826,000	228,337,000	225,851,000	225,564,000	223,592,000	231,573,000	229,079,000	229,354,000	524,444,000	545,944,000	565,942,000	580,069,000	558,046,000	583,032,000	580,456,000	231,116,000	236,480,000	239,527,000	248,632,000	239,021,000	229,324,000	218,308,000	217,908,000	204,829,000	195,376,000	187,735,000	182,337,000	165,943,000	123,380,000	114,809,000	118,015,000	121,644,000	122,235,000	81,623,000	81,623,000	72,236,000	68,744,000	57,792,000	52,643,000	52,696,000	50,781,000
total liabilities	9,586,000,000	9,628,000,000	9,864,000,000	8,336,000,000	8,420,000,000	8,628,167,000	9,870,504,000	9,683,054,000	9,636,460,000	9,756,598,000	9,602,064,000	9,581,189,000	9,546,077,000	9,340,201,000	9,416,004,000	9,343,154,000	9,092,801,000	9,065,918,000
commitments and contingencies
stockholders' equity:
preferred stock, nonvoting, 0.0001 par value...
common stock, voting, and additional paid-in capital, 0.0001 par value...	1,046,000,000	1,033,000,000	1,026,000,000	1,016,000,000	1,007,000,000
treasury stock	-2,952,000,000	-2,944,000,000	-2,944,000,000	-2,943,000,000	-2,942,000,000	-2,939,787,000	-2,938,887,000	-2,937,903,000	-2,936,624,000	-2,933,286,000	-2,933,005,000	-2,932,576,000	-2,931,373,000	-2,918,768,000	-2,842,896,000	-2,766,457,000	-2,564,757,000	-2,300,288,000	-2,203,584,000	-1,973,371,000	-1,577,727,000	-1,394,080,000	-1,072,719,000	-961,592,000	-960,150,000	-924,389,000	-912,335,000	-572,592,000	-560,245,000	-425,954,000	-271,082,000	-150,257,000	-149,824,000	-144,600,000	-141,482,000	-141,405,000	-141,223,000	-138,102,000	-132,009,000	-131,888,000	-131,522,000	-119,709,000	-114,864,000	-114,778,000	-114,634,000	-113,044,000	-108,729,000	-108,647,000	-108,505,000	-107,890,000	-105,732,000	-102,883,000	-87,013,000	-27,095,000	-25,193,000	-25,042,000	-5,174,000	-1,644,767,000	-1,642,807,000	-1,542,794,000	-1,302,998,000	-1,028,612,000	-869,256,000	-848,547,000	-680,583,000	-391,176,000	-340,681,000	-305,483,000	-305,483,000	-291,114,000	-291,114,000	-291,114,000	-237,491,000	-229,993,000	-74,644,000
accumulated other comprehensive loss	-36,000,000	-37,000,000	-42,000,000	-41,000,000	-40,000,000	-47,146,000	-43,514,000	-44,531,000	-46,450,000	-52,232,000	-47,599,000	-36,824,000	-44,355,000	-45,143,000	-54,298,000	-20,789,000	-41,065,000	-22,627,000	-21,826,000	-23,283,000	-21,466,000	-26,759,000	-38,714,000	-43,939,000	-51,535,000	-34,569,000	-38,862,000	-33,481,000	-40,038,000	-44,193,000	-32,083,000	-35,914,000	-28,812,000	-24,954,000	-24,503,000	-26,664,000	-40,574,000	-39,701,000	-37,496,000	-32,421,000	-27,816,000	-44,059,000	-32,053,000	-32,730,000	-19,978,000																	-1,597,000	-2,080,000	-4,465,000	-6,230,000	-6,699,000	-7,946,000	-8,034,000	-8,034,000	-8,544,000	-9,349,000	-3,251,000	-1,437,000	-3,783,000
retained earnings	4,155,000,000	4,146,000,000	4,155,000,000	4,171,000,000	4,172,000,000	4,163,176,000	4,592,416,000	4,613,638,000	4,583,975,000	4,559,139,000	4,690,424,000	4,767,168,000	4,697,697,000	4,744,624,000	4,726,823,000	4,706,547,000	4,653,043,000	4,605,791,000	4,586,904,000	4,480,085,000	4,300,818,000	4,196,634,000	4,101,776,000	3,971,507,000	3,798,983,000	3,772,848,000	3,681,100,000	3,561,620,000	3,441,138,000	3,326,155,000	3,277,118,000	3,165,696,000	3,052,336,000	2,920,096,000	2,740,046,000	2,648,515,000	2,565,927,000	2,462,935,000	2,404,998,000	2,295,597,000	2,175,437,000	2,021,077,000	1,970,662,000	1,854,608,000	1,709,024,000	1,565,341,000	1,485,310,000	1,367,516,000	1,232,425,000	1,089,112,000	1,044,224,000	944,764,000	832,286,000	714,900,000	654,251,000	569,138,000	473,944,000	1,989,629,000	1,927,559,000	1,826,392,000	1,717,739,000	1,612,927,000	1,569,768,000	1,487,187,000	1,391,383,000	1,287,268,000	1,258,407,000	1,202,082,000	1,202,082,000	1,127,492,000	1,039,628,000	1,020,900,000	970,503,000	900,855,000	824,471,000
total stockholders' equity	2,213,000,000	2,198,000,000																																		3,128,277,000	3,023,675,000	2,916,192,000	2,855,721,000	2,748,897,000	2,629,139,000	2,460,648,000	2,413,076,000	2,289,129,000	2,146,588,000	2,002,912,000	1,925,499,000	1,814,525,000	1,666,631,000	1,516,205,000	1,467,848,000	1,368,979,000	1,270,447,000	1,210,694,000	1,147,478,000	1,059,101,000	978,649,000	847,914,000	777,626,000	764,278,000	883,884,000	1,039,374,000	1,142,038,000	1,066,450,000	1,109,383,000	1,282,365,000	1,292,556,000	1,263,088,000	1,263,088,000	1,179,805,000	1,075,166,000	1,057,511,000	1,038,599,000	950,663,000	1,023,795,000
total liabilities and stockholders' equity	11,799,000,000	11,826,000,000
liabilities and stockholders’ equity
stockholders’ equity:
total stockholders’ equity			2,195,000,000	2,203,000,000	2,197,000,000	2,169,942,000	2,597,680,000	2,606,752,000	2,564,650,000	2,519,728,000	2,646,868,000	2,723,187,000	2,636,161,000	2,678,281,000	2,716,075,000	2,794,809,000	2,909,680,000	3,128,291,000	3,196,535,000	3,301,565,000	3,501,567,000	3,559,512,000	3,762,664,000	3,726,519,000	3,537,029,000	3,549,081,000	3,454,942,000	3,671,302,000	3,547,223,000	3,550,813,000	3,659,636,000	3,657,949,000	3,546,621,000	3,415,196,000	3,230,787,000
total liabilities and stockholders’ equity			12,059,000,000	10,539,000,000	10,617,000,000	10,798,109,000	12,468,184,000	12,289,806,000	12,201,110,000	12,276,326,000	12,248,932,000	12,304,376,000	12,182,238,000	12,018,482,000	12,132,079,000	12,137,963,000	12,002,481,000	12,194,209,000
current portion of long-term debt				300,000,000	299,000,000							95,000,000	116,000,000	185,000,000	185,000,000	100,056,000																						306,000	372,000	404,000	598,000	598,000	595,000	591,000	587,000	582,000	5,580,000	70,694,000	70,865,000	916,000	1,030,000	878,000	689,000	627,000	699,000	760,000	807,000	848,000	949,000	991,000	923,000	973,000	1,176,000	1,075,000	1,293,000	1,344,000	1,307,000	758,000	758,000	1,094,000	1,003,000	680,000	675,000	671,000	610,000
assets
current assets held for sale							2,137,690,000
other noncurrent assets						73,661,000	85,366,000
noncurrent assets held for sale
current liabilities held for sale							994,824,000
non-current operating lease liabilities						1,897,165,000				2,215,766,000				2,278,318,000				2,337,651,000	2,154,364,000	2,091,171,000	2,035,785,000		2,014,898,000
noncurrent liabilities held for sale
common stock, voting, 0.0001 par value...						8,000				8,000				8,000				8,000
additional paid-in capital						993,691,000	987,657,000	975,540,000	963,741,000	946,099,000	937,040,000	925,411,000	914,184,000	897,560,000	886,438,000	875,500,000	862,451,000	845,407,000	835,033,000	818,126,000	799,934,000	783,709,000	772,313,000	760,535,000	749,723,000	735,183,000	725,031,000	715,747,000	706,360,000	694,797,000	685,675,000	678,416,000	672,913,000	664,646,000	656,718,000	647,823,000	639,537,000	631,052,000	620,220,000	617,601,000	613,032,000	603,332,000	589,324,000	582,022,000	572,169,000	562,945,000	553,729,000	548,875,000	542,445,000	531,293,000	524,741,000	522,342,000	520,276,000	520,215,000	515,730,000	512,202,000	506,963,000	500,237,000	485,242,000	479,055,000	468,753,000	456,645,000	443,595,000	432,264,000	404,803,000	392,962,000	382,766,000	374,513,000	374,513,000	351,961,000	335,991,000	330,966,000	307,014,000	283,574,000	274,659,000
noncurrent operating lease liabilities							2,018,383,000	2,177,074,000	2,191,201,000		2,209,899,000	2,249,994,000	2,269,280,000		2,251,560,000	2,296,003,000	2,330,532,000					2,014,499,000		2,041,400,000	1,996,156,000	2,017,159,000	1,997,721,000	2,032,350,000	2,054,173,000
preferred stock, nonvoting, 0.0001 par value
common stock							8,000	8,000	8,000		8,000	8,000	8,000		8,000	8,000	8,000		8,000	8,000	8,000		8,000	8,000	8,000		8,000	8,000	8,000		8,000	8,000	8,000		8,000	8,000	8,000		8,000	8,000	8,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		11,000	11,000	11,000
intangible assets																			658,545,000	665,193,000	672,455,000	681,127,000	686,315,000	692,482,000	698,032,000	709,756,000	514,512,000	521,969,000	527,702,000	550,593,000	562,698,000	571,953,000	583,346,000	597,674,000	608,520,000	618,879,000	626,974,000	640,903,000	652,361,000	664,678,000	676,427,000	687,125,000	702,719,000	714,702,000	729,765,000	748,125,000	763,338,000	779,401,000	789,825,000	49,872,000	53,963,000	56,155,000	57,994,000	28,845,000	28,649,000	29,468,000	30,288,000	31,380,000	29,122,000	24,839,000	25,062,000	25,360,000	25,583,000	25,834,000	26,085,000	26,419,000	26,670,000	26,921,000	26,921,000	27,195,000	27,567,000	27,888,000	28,185,000	28,259,000	26,844,000
10,000 shares authorized; no shares issued or outstanding
76,305 shares issued and 66,361 outstanding at january 2, 2021
76,051 shares issued and 69,232 outstanding at december 28, 2019																						8,000
short-term borrowings on revolving credit facility																									500,000,000
75,831 shares issued and 72,460 outstanding at december 29, 2018																										8,000
75,569 shares issued and 73,936 outstanding at december 30, 2017																														8,000
75,326 shares issued and 73,749 outstanding at december 31, 2016																																		8,000
liabilities and stockholders' equity
and 74,775 shares issued and 73,314 outstanding at january 2, 2016																																						8,000
74,775 shares issued and 73,314 outstanding at january 2, 2016
and 74,493 shares issued and 73,074 outstanding at january 3, 2015																																										7,000
assets held for sale																																													615,000	615,000	615,000	615,000	615,000	2,064,000	2,064,000	2,237,000	2,237,000	788,000	788,000	788,000	788,000	615,000	707,000	707,000	707,000	1,472,000	1,472,000	1,472,000	1,552,000	1,492,000	3,062,000	1,382,000	1,382,000	2,911,000	2,301,000	2,295,000	3,654,000	3,672,000	3,274,000
74,493 shares issued and 73,074 outstanding at january 3, 2015
and 74,224 shares issued and 72,840 outstanding at december 28, 2013																																														7,000
accumulated other comprehensive income																																														-12,337,000	-4,818,000	6,774,000	259,000	3,683,000	4,608,000	4,749,000	4,891,000	2,667,000	2,683,000	2,796,000	2,909,000	2,804,000	7,621,000	1,614,000	379,000														-701,000
74,224 shares issued and 72,840 outstanding at december 28, 2013
and 73,731 shares issued and 73,383 outstanding at december 29, 2012																																																		7,000
73,731 shares issued and 73,383 outstanding at december 29, 2012
and 106,537 shares issued and 72,799 outstanding at december 31, 2011																																																						7,000
financed vendor accounts payable																																																														31,648,000	50,310,000	43,442,000	17,557,000	32,092,000	51,953,000	78,679,000	78,679,000	95,180,000	136,386,000	181,929,000	153,342,000	146,924,000	153,549,000
106,537 shares issued and 72,799 outstanding at december 31, 2011
and 105,682 shares issued and 81,956 outstanding at january 1, 2011																																																										11,000
947,678, 927,564 and 925,389																																																													1,151,926,000
927,564 and 914,045																																																														1,143,170,000
105,682 shares issued and 81,956 outstanding at january 1, 2011
and 104,251 shares issued and 93,623 outstanding at january 2, 2010																																																														11,000	11,000	11,000	10,000
906,296 and 914,045																																																															1,104,380,000
105,351 shares issued and 84,016 outstanding at october 9, 2010
936,671 and 914,045																																																																1,098,901,000
105,151 shares issued and 84,198 outstanding at july 17, 2010
925,389 and 914,045																																																																	1,095,935,000
104,435 shares issued and 86,852 outstanding at april 24, 2010
914,045 and 817,428																																																																		1,100,338,000
bank overdrafts																																																																				76,000	76,000	7,986,000	20,588,000			1,873,000	30,000,000
104,251 shares issued and 93,623 outstanding at january 2, 2010
and 103,000 shares issued and 94,852 outstanding at january 3, 2009																																																																		10,000	10,000	10,000	10,000	10,000
884,027 and 817,428																																																																			1,070,217,000
104,036 shares issued and 94,663 outstanding at october 10, 2009
862,592 and 817,428																																																																				1,067,432,000	1,067,432,000
103,910 shares issued and 95,417 outstanding at july 18, 2009
838,985 and 817,428																																																																						1,061,683,000
103,385 shares issued and 95,237 outstanding at april 25, 2009
817,428 and 753,024																																																																							1,071,405,000
shares authorized; 103,000 shares issued and 94,852 outstanding
in 2008 and 101,072 shares issued and 99,060 outstanding in 2007																																																																							10,000	10,000	10,000	10,000
817,350 and 753,024																																																																								1,053,789,000
shares authorized; 102,826 shares issued and 94,678 outstanding
793,102 and 753,024																																																																									1,058,273,000
shares authorized; 102,143 shares issued and 95,366 outstanding
781,992 and 753,024																																																																										1,047,667,000
shares authorized; 101,456 shares issued and 94,881 outstanding
753,024 and 670,571																																																																											1,047,944,000
shares authorized; 101,072 shares issued and 99,060 outstanding
in 2007 and 105,351 issued and outstanding in 2006																																																																											10,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-04-25	2026-01-03	2025-10-04	2025-07-12	2025-04-19	2024-12-28	2024-10-05	2024-07-13	2024-04-20	2023-12-30	2023-10-07	2023-07-15	2023-04-22	2022-12-31	2022-10-08	2022-07-16	2022-04-23	2022-01-01	2021-10-09	2021-07-17	2021-04-24	2021-01-02	2020-10-03	2020-07-11	2020-04-18	2019-12-28	2019-10-05	2019-07-13	2019-04-20	2018-12-29	2018-10-06	2018-07-14	2018-04-21	2017-12-30	2017-07-15	2017-04-22	2016-12-31	2016-07-16	2016-04-23	2016-01-02	2015-07-18	2015-04-25	2015-01-02	2014-07-12	2014-04-19	2013-12-28	2013-07-13	2013-04-20	2012-12-29	2012-07-14	2012-04-21	2011-12-31	2011-07-16	2011-04-23	2011-01-01	2010-07-17	2010-04-24	2010-01-01	2009-08-15	2009-01-02	2008-07-12	2008-04-19

cash flows from operating activities:
net income	24,000,000	6,000,000	-1,000,000	15,000,000	24,000,000	-414,777,000	-6,014,000	44,991,000	40,012,000	-60,510,000	-37,768,000	85,362,000	42,651,000	106,696,000	110,983,000	144,402,000	139,791,000	81,669,000	169,813,000	178,696,000	185,930,000	111,997,000	147,476,000	189,960,000	43,588,000	95,907,000	123,669,000	124,820,000	142,500,000	53,442,000	115,843,000	117,835,000	136,727,000	184,500,000	195,009,000	107,960,000	62,365,000	283,413,000	158,813,000	54,819,000	298,110,000	148,112,000	64,007,000	287,214,000	147,726,000	49,267,000	238,661,000	121,790,000	65,055,000	233,112,000	133,506,000	66,439,000	222,690,000	109,583,000	48,113,000	210,342,000	109,431,000	110,159,000	173,915,000	56,746,000	157,472,000	82,086,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	74,000,000	58,000,000	68,000,000	57,000,000	89,000,000	74,783,000	49,754,000	72,732,000	94,711,000	71,478,000	72,002,000	70,420,000	92,554,000	68,576,000	66,533,000	63,110,000	85,581,000	65,196,000	59,426,000	58,058,000	77,253,000	57,170,000	57,690,000	56,642,000	78,579,000	58,806,000	56,308,000	53,372,000	69,885,000	54,600,000	55,340,000	56,552,000	71,692,000	56,507,000	135,200,000	77,430,000	59,125,000	139,265,000	79,320,000	61,980,000	145,860,000	83,247,000	50,861,000	152,703,000	88,205,000	47,736,000	112,072,000	64,027,000	45,777,000	98,527,000	55,799,000	41,469,000	92,973,000	52,539,000	38,996,000	86,933,000	49,683,000	49,581,000	79,568,000	37,620,000	78,692,000	44,620,000
share-based compensation	12,000,000	7,000,000	9,000,000	9,000,000	11,000,000	8,383,000	6,157,000	10,957,000	16,696,000	8,212,000	10,644,000	10,267,000	16,524,000	10,687,000	10,946,000	12,367,000	16,978,000	13,436,000	16,040,000	17,331,000	16,260,000	10,344,000	11,089,000	10,029,000	13,809,000	9,400,000	8,613,000	8,441,000	10,984,000	8,495,000	6,852,000	4,771,000	7,642,000	7,111,000	19,938,000	12,374,000	8,788,000	9,142,000	6,654,000	10,988,000	17,726,000	8,945,000	20,960,000	12,363,000	7,133,000	6,681,000	4,593,000	2,664,000	3,104,000	9,280,000	5,590,000	5,321,000	9,992,000	5,960,000	6,570,000	11,343,000	6,674,000	8,865,000	9,419,000	6,277,000	10,007,000	5,715,000
loss on sale and impairment of long-lived assets	3,000,000	2,000,000	12,000,000	1,000,000	10,000,000	172,230,000
expected future credit losses	4,000,000
provision for deferred income taxes	11,000,000	-16,000,000	-6,000,000	1,000,000	-22,000,000	-227,565,000	10,655,000	10,997,000	2,637,000	-14,723,000	-49,308,000	9,350,000	6,899,000	-17,806,000	15,365,000	-902,000	9,681,000	35,777,000	9,000,000	8,765,000	14,660,000	-839,000	4,394,000	4,435,000	146,000	15,495,000	4,723,000	3,180,000	-250,000	-1,073,000	5,834,000	3,855,000	7,340,000	-125,551,000	-16,006,000	-7,704,000	-917,000	11,454,000	7,164,000	4,267,000	-8,481,000	-5,206,000		12,201,000	5,202,000	1,560,000	-5,893,000	-3,249,000	8,491,000	1,526,000	294,000	7,663,000	25,962,000	14,109,000	14,977,000		-1,883,000		11,384,000
other	18,000,000	2,000,000	11,000,000	0	3,000,000	982,000	910,000	912,000	1,164,000	1,768,000	329,000	779,000	391,000	523,000	489,000	555,000	1,020,000	-9,373,000	418,000	427,000	543,000	255,000	272,000	506,000	434,000	353,000	365,000	371,000	11,348,000	509,000	506,000	508,000	672,000	861,000	1,851,000	1,699,000	618,000	-1,390,000	-2,006,000	615,000	1,432,000	818,000	646,000	1,402,000	792,000	453,000	858,000	489,000	368,000	847,000	481,000	302,000	495,000	235,000	168,000	778,000	-51,000	802,000	269,000	3,705,000	-3,413,000	-1,750,000
net change in:
receivables	-25,000,000	92,000,000	-8,000,000	3,000,000	51,000,000	89,335,000	-10,837,000	-22,077,000	-27,469,000	55,706,000	-76,832,000	-10,169,000	-83,370,000	148,156,000	82,353,000	25,640,000	-174,895,000	147,953,000	-127,304,000	681,000	-53,982,000	95,874,000	-99,833,000	-114,358,000	59,303,000	32,443,000	-9,339,000	-27,184,000	-58,757,000	72,124,000	-33,600,000	-45,983,000	-14,012,000	71,807,000	-37,012,000	-42,207,000	45,846,000	-57,241,000	-50,224,000	65,134,000	-76,124,000	-53,526,000	80,586,000	-87,365,000	-45,507,000	-1,899,000	-33,266,000	-19,247,000	-25,311,000	-19,342,000	-6,221,000	-8,518,000	2,057,000	8,821,000	-8,496,000	-22,325,000	-17,911,000	-35,877,000	7,810,000	13,161,000	-4,886,000	900,000
inventories	-171,000,000	54,000,000	-2,000,000	41,000,000	-114,000,000	422,632,000	-98,757,000	-73,489,000	20,017,000	85,846,000	104,123,000	-44,970,000	-100,178,000	12,018,000	-107,971,000	-56,750,000	-119,550,000	-211,265,000	-20,959,000	48,069,000	63,883,000	-163,630,000	-5,713,000	172,793,000	-104,899,000	-38,145,000	-19,300,000	63,057,000	-68,742,000	-183,263,000	-25,002,000	66,509,000	-64,369,000	50,591,000	41,923,000	-89,384,000	31,075,000	-236,403,000	-246,458,000	-41,195,000	-182,504,000	-171,865,000	-16,539,000	-217,372,000	-196,062,000	-92,579,000	-53,997,000	-70,728,000	-111,539,000	-53,183,000	-63,786,000	66,563,000	-228,043,000	-254,249,000	-24,372,000	-185,131,000	-113,688,000	-198,024,000	-12,666,000	178,962,000	-156,528,000	-88,851,000
operating lease right-of-use assets	24,000,000
other assets	6,000,000	35,000,000	8,000,000	4,000,000	-69,000,000																																30,225,000	-12,194,000	3,806,000	23,945,000	-10,498,000	-845,000	50,957,000	-39,048,000	-16,458,000	25,913,000	-13,965,000	-11,228,000	23,040,000	-7,483,000	95,000	5,358,000	17,162,000	28,228,000	-23,895,000	14,229,000	30,043,000	-18,093,000	7,253,000	-23,195,000	11,490,000	26,233,000
accounts payable	78,000,000	-199,000,000	-180,000,000	-104,000,000	14,000,000	-84,887,000	100,126,000	15,972,000	-141,323,000	187,226,000	154,937,000	94,187,000	-440,995,000	25,237,000	19,112,000	147,994,000	20,225,000	172,671,000	-57,273,000	69,572,000	96,094,000	109,657,000	215,691,000	3,599,000	-112,459,000	17,963,000	85,820,000	39,061,000	102,941,000	153,921,000	112,489,000	22,031,000	-2,948,000	-26,941,000	-153,750,000	-36,710,000	-110,103,000	11,611,000	108,500,000	27,574,000	85,907,000	45,678,000	-90,297,000	169,352,000	101,381,000	122,999,000	-18,915,000	35,363,000	204,652,000	84,918,000	84,156,000	67,069,000	278,207,000	282,234,000	36,505,000	299,970,000	219,508,000	157,477,000	84,657,000	10,075,000	195,976,000	112,244,000
accrued expenses	-52,000,000	-23,000,000	46,000,000	36,000,000	-119,000,000	95,794,000	-2,372,000	31,896,000	1,270,000	-30,031,000	24,816,000	35,853,000	85,035,000	-131,597,000	12,841,000	52,091,000	-98,978,000	-27,412,000	120,354,000	67,990,000	-50,949,000	-32,629,000	-34,092,000	147,052,000	-1,824,000	-42,616,000	-8,400,000	41,479,000	-62,751,000	-28,839,000	10,565,000	91,449,000	20,765,000	-49,859,000	91,333,000	20,293,000	-35,556,000	51,488,000	20,025,000	-57,998,000	55,741,000	39,494,000	6,000,000	32,181,000	-10,739,000	-6,378,000	93,683,000	19,240,000	-34,940,000	75,037,000	35,946,000	-30,621,000	41,922,000	20,941,000	-19,449,000	78,094,000	51,348,000	-4,861,000	55,688,000	-39,878,000	56,504,000	28,162,000
operating lease liabilities	-36,000,000	-6,000,000	1,000,000	-28,000,000	-81,000,000
other liabilities	11,000,000	-2,000,000			-3,000,000																																3,408,000	6,893,000	1,368,000	18,991,000	5,055,000	8,486,000	21,555,000	1,079,000	3,168,000	-7,015,000	406,000	8,035,000	2,246,000	7,444,000	6,561,000	-485,000	8,734,000	5,450,000	2,091,000	3,112,000	3,796,000	-10,663,000	12,460,000	2,430,000	6,952,000	6,136,000
net cash from operating activities	-19,000,000	72,000,000	-12,000,000	50,000,000	-156,000,000	-73,303,000	70,122,000	85,126,000	2,688,000	256,971,000	194,963,000	214,306,000	-378,865,000	239,128,000	174,551,000	363,483,000	-54,940,000	187,326,000	148,777,000	446,227,000	329,932,000	160,470,000	361,008,000	437,302,000	10,908,000	158,363,000	216,385,000	287,619,000	204,542,000	129,525,000	237,535,000	289,998,000	153,970,000	199,800,000	267,349,000	35,081,000	91,457,000	192,905,000	75,301,000	169,554,000	330,816,000	102,211,000	149,348,000	320,561,000	81,131,000	146,783,000	310,090,000	135,285,000	180,499,000	411,383,000	235,417,000	217,867,000	469,550,000	272,450,000	69,665,000	495,500,000	338,004,000	37,709,000	433,804,000	323,846,000	350,024,000	213,601,000
capital expenditures	-39,000,000	-93,000,000	-64,000,000	-53,000,000	-42,000,000	-51,086,000	-33,034,000	-47,032,000	-40,372,000	-59,357,000	-43,070,000	-51,610,000	-83,087,000	-94,621,000	-128,929,000	-92,002,000	-99,582,000	-92,919,000	-59,169,000	-55,803,000	-67,379,000	-86,283,000	-45,819,000	-72,618,000	-57,893,000	-105,035,000	-57,536,000	-34,239,000	-47,118,000	-84,284,000	-41,326,000	-26,857,000	-25,883,000	-22,323,000	-112,159,000	-50,755,000	-55,346,000	-137,920,000	-89,138,000	-73,515,000	-114,535,000	-57,038,000	-73,205,000	-106,270,000	-60,529,000	-48,067,000	-111,904,000	-63,124,000	-69,972,000	-146,281,000	-82,463,000	-60,624,000	-151,595,000	-88,883,000	-52,427,000	-99,327,000	-60,675,000	-66,963,000	-90,837,000	-55,980,000	-105,983,000	-58,863,000
free cash flows	-58,000,000	-21,000,000	-76,000,000	-3,000,000	-198,000,000	-124,389,000	37,088,000	38,094,000	-37,684,000	197,614,000	151,893,000	162,696,000	-461,952,000	144,507,000	45,622,000	271,481,000	-154,522,000	94,407,000	89,608,000	390,424,000	262,553,000	74,187,000	315,189,000	364,684,000	-46,985,000	53,328,000	158,849,000	253,380,000	157,424,000	45,241,000	196,209,000	263,141,000	128,087,000	177,477,000	155,190,000	-15,674,000	36,111,000	54,985,000	-13,837,000	96,039,000	216,281,000	45,173,000	76,143,000	214,291,000	20,602,000	98,716,000	198,186,000	72,161,000	110,527,000	265,102,000	152,954,000	157,243,000	317,955,000	183,567,000	17,238,000	396,173,000	277,329,000	-29,254,000	342,967,000	267,866,000	244,041,000	154,738,000
cash flows from investing activities:
purchases of property and equipment	-56,000,000	-93,000,000	-64,000,000	-53,000,000	-42,000,000	-51,086,000	-37,269,000	-43,488,000	-48,957,000	-55,210,000	-42,327,000	-54,878,000	-89,996,000	-90,422,000	-122,427,000	-96,358,000	-114,854,000	-98,656,000	-61,410,000	-58,689,000	-70,884,000	-74,944,000	-52,527,000	-57,132,000	-82,973,000	-100,905,000	-57,799,000	-50,113,000	-61,312,000	-88,583,000	-43,317,000	-27,341,000	-34,474,000	-28,798,000	-122,364,000	-65,279,000	-55,346,000	-137,920,000	-89,138,000	-73,515,000	-114,535,000	-57,038,000	-73,205,000	-106,270,000	-60,529,000	-48,067,000	-111,904,000	-63,124,000	-69,972,000	-146,281,000	-82,463,000	-60,624,000	-151,595,000	-88,883,000	-52,427,000	-99,327,000	-60,675,000	-66,963,000	-90,837,000	-55,980,000	-105,983,000	-58,863,000
proceeds from sales of property and equipment	1,000,000	-1,000,000	2,000,000	5,000,000	15,000,000	162,000	412,000	2,792,000	10,028,000	4,921,000	469,000	1,207,000	325,000	-308,000	991,000	2,000	828,000	223,000	245,000	1,267,000	590,000	-5,000	609,000	234,000	71,000	-5,000	148,000	8,013,000	553,000	438,000	872,000	48,000	530,000	4,979,000	1,311,000	947,000	729,000	1,293,000	1,227,000	92,000	477,000	295,000	-440,000	130,000	33,000	22,000	148,000	136,000	6,225,000	268,000	188,000	174,000	1,028,000	1,021,000	38,000	104,000	93,000	-2,330,000	2,117,000	1,044,000	4,146,000	4,117,000
net cash from investing activities of continuing operations	-57,000,000	-102,000,000	-62,000,000	-48,000,000	-27,000,000
net cash from investing activities of discontinued operations	-55,000,000
net cash from investing activities	-112,000,000	-102,000,000	-62,000,000	-48,000,000	-27,000,000	1,479,224,000	-44,845,000	-40,696,000	-38,929,000	-50,289,000	-41,858,000	-53,671,000	-89,671,000	-92,630,000	-121,436,000	-96,356,000	-114,026,000	-98,433,000	-61,165,000	-57,422,000	-70,294,000	-74,949,000	-51,918,000	-56,898,000	-83,132,000	-302,429,000	-57,651,000	-42,100,000	-60,759,000	-88,145,000	-42,445,000	-27,293,000	-33,944,000	-23,819,000	-121,033,000	-64,139,000	-56,642,000	-139,057,000	-87,911,000	-73,419,000	-130,489,000	-57,176,000	1,968,282,000	-2,165,324,000	-2,117,433,000	-44,727,000	-282,169,000	-240,843,000	-66,784,000	-146,013,000	-82,275,000	-65,413,000	-150,567,000	-87,862,000	-52,389,000	-99,223,000	-60,582,000	-69,293,000	-88,720,000	-51,523,000	-105,250,000	-56,496,000
cash flows from financing activities:
dividends paid	-30,000,000	-15,000,000	-15,000,000	-15,000,000	-15,000,000	-14,973,000	-14,962,000	-14,954,000	-14,966,000	-14,971,000	-14,975,000	-89,860,000	-89,487,000	0	-90,631,000	-90,803,000	-154,796,000	0	-62,954,000	-64,825,000	-33,146,000	-137,000	-17,193,000	-17,424,000	-21,593,000	0	-4,157,000	-4,305,000	-8,723,000	0	-4,421,000	-4,468,000	-8,930,000	-26,000	-13,363,000	-8,902,000	-4,000	-13,291,000	-8,850,000	-7,000	-13,227,000	-8,813,000	-88,000	-13,178,000	-8,781,000	-11,000	-13,193,000	-8,800,000	-10,000	-13,196,000	-8,784,000	-13,000	-14,155,000	-9,701,000	-24,000	-16,010,000	-10,903,000	1,721,000	-17,118,000	352,000	-17,397,000	-11,659,000
net cash from financing activities	-37,000,000	-21,000,000	1,591,000,000	-15,000,000	-17,000,000	-17,278,000	-14,739,000	-17,349,000	-25,644,000	-15,717,000	-109,419,000	-111,257,000	425,660,000	-74,866,000	-80,278,000	-191,825,000	-273,735,000	-95,374,000	-292,297,000	-459,752,000	-216,689,000	-319,457,000	-384,263,000	-519,135,000	936,858,000	-11,289,000	-332,298,000	-35,390,000	-503,176,000	-110,255,000	-128,420,000	1,517,000	-26,757,000	7,027,000	-26,844,000	19,872,000	-18,388,000	-41,270,000	22,952,000	-108,699,000	-187,330,000	-25,307,000	-1,108,844,000	802,059,000	1,007,602,000	443,114,000	-105,063,000	-84,829,000	5,013,000	125,323,000	153,041,000	-160,482,000	-309,372,000	-190,130,000	-152,569,000	-335,477,000	-244,154,000	-188,082,000	-256,051,000	-216,316,000	-239,969,000	-152,631,000
effect of exchange rate changes on cash	1,000,000	0	0	-2,000,000	3,000,000	-10,197,000	1,015,000	1,334,000	9,417,000	-6,545,000	-3,222,000	1,187,000	93,000	6,446,000	-22,184,000	26,516,000	-19,994,000	3,264,000	43,000	1,000	2,292,000	723,000	1,876,000	395,000	-3,461,000	294,000	-429,000	260,000	196,000	-4,604,000	1,087,000	-1,116,000	-1,063,000	627,000	2,580,000	95,000	-743,000	1,467,000	2,584,000	-2,000,000	-3,132,000	-578,000	132,000
net decrease in cash and cash equivalents	-167,000,000			-15,000,000	-197,000,000				-52,468,000				-42,783,000		-49,347,000																													-1,045,025,000	-1,029,113,000
cash and cash equivalents, beginning of period	3,123,000,000	0	0	0	1,869,000,000	0	0	0	503,471,000	1,523,000	0	0	269,282,000	0	0	0	601,428,000	0	0	0	834,992,000	0	0	0	418,665,000	0	0	0	896,527,000	0	0	0	546,937,000	0	135,178,000	135,178,000	0	90,782,000	90,782,000	0	104,671,000	104,671,000	-1,007,800,000	1,112,471,000	1,112,471,000	0	598,111,000	598,111,000	0	57,901,000	57,901,000	0	59,209,000	59,209,000	0	100,018,000	100,018,000	62,660,000	37,358,000	22,704,000	14,654,000	14,654,000
cash and cash equivalents, end of period	2,956,000,000	-51,000,000	1,517,000,000	-15,000,000	1,672,000,000	1,378,446,000	11,553,000	28,415,000	451,003,000	185,943,000	40,464,000	50,565,000	226,499,000	78,078,000	-49,347,000	101,818,000	138,733,000	-3,217,000	-204,642,000	-70,946,000	880,233,000	-233,213,000	-73,297,000	-138,336,000	1,279,838,000	-155,061,000	-173,993,000	210,389,000	537,330,000	-73,479,000	67,757,000	263,106,000	639,143,000	183,635,000	257,230,000	126,087,000	15,684,000	104,827,000	103,708,000	-14,564,000	114,536,000	123,821,000	1,118,000	67,446,000	83,358,000	545,170,000	520,969,000	407,724,000	118,728,000	448,594,000	364,084,000	-8,028,000	68,820,000	53,667,000	-135,293,000	160,818,000	133,286,000	-157,006,000	126,391,000	78,711,000	19,459,000	19,128,000
non-cash transactions:
accrued purchases of property and equipment	17,000,000						4,235,000	-3,544,000	8,585,000	-4,147,000	-743,000	3,268,000	6,909,000	-4,199,000	-6,502,000	4,356,000	15,272,000	5,737,000	2,241,000	2,886,000	3,505,000	-11,339,000	6,708,000	-15,486,000	25,080,000	-4,130,000	263,000	15,874,000	14,194,000	4,299,000	1,991,000	484,000	8,591,000	6,475,000	10,205,000	14,524,000
supplemental cash flow information:
interest paid	99,000,000
net income from discontinued operations						194,754,000
net income from continuing operations		30,000,000	-1,000,000	15,000,000	24,000,000	-609,531,000
adjustments to reconcile net income from continuing operations to net cash from operating activities:
credit loss expense
net cash from operating activities of continuing operations		72,000,000	-12,000,000	50,000,000	-156,000,000
net cash from operating activities of discontinued operations
borrowings under credit facilities										0	478,000,000	1,441,000,000	2,886,000,000	912,000,000	380,000,000	468,000,000	275,000,000																	0	534,400,000	483,500,000	113,500,000	576,600,000	357,500,000	109,100,000	460,700,000	442,600,000	-1,322,400,000	1,677,600,000	1,527,600,000				0	58,500,000	58,500,000	72,000,000	1,076,400,000	443,200,000	0	75,000,000	75,000,000	-98,400,000	173,400,000	-128,300,000	239,700,000	239,700,000
payments on credit facilities										0	-573,000,000	-1,462,000,000	-2,955,000,000	-912,000,000	-295,000,000	-368,000,000	-275,000,000																	0	-534,400,000	-453,500,000	-113,500,000	-611,100,000	-331,500,000	-189,100,000	-644,100,000	-469,300,000	216,700,000	-862,600,000	-508,600,000				0	-173,500,000	-173,500,000	-256,200,000	-811,400,000	-313,000,000	0	-75,000,000		274,900,000	-349,900,000	-89,200,000	-292,100,000	-190,700,000
proceeds from issuance of long-term debt		0
repayment of long-term debt		0
debt issuance costs		-5,000,000
net increase in cash and cash equivalents		-51,000,000				1,378,446,000	11,553,000			184,420,000	40,464,000						-462,695,000	-3,217,000	-204,642,000	-70,946,000	45,241,000	-233,213,000	-73,297,000	-138,336,000	861,173,000	-155,061,000	-173,993,000	210,389,000	-359,197,000	-73,479,000	67,757,000	263,106,000	92,206,000	183,635,000	122,052,000	-9,091,000	15,684,000	14,045,000	12,926,000	-14,564,000	9,865,000	19,150,000				545,170,000	-77,142,000	-190,387,000	118,728,000	390,693,000	306,183,000	-8,028,000	9,611,000	-5,542,000	-135,293,000	60,800,000	33,268,000	-219,666,000	89,033,000	56,007,000	4,805,000	4,474,000
operating lease right of use assets			-21,000,000	12,000,000	50,000,000
proceeds from the issuance of common stock			1,000,000	0	2,000,000		1,207,000	842,000	946,000									1,337,000	868,000			1,059,000	693,000	783,000	735,000	976,000	710,000	970,000	678,000	910,000	593,000	943,000	754,000	934,000	2,281,000	1,036,000
repurchases of common stock			-1,000,000	-1,000,000	-2,000,000	-900,000	-984,000	-1,279,000	-3,338,000	-281,000	-429,000	-1,203,000	-12,605,000	-75,872,000	-76,439,000	-201,700,000	-264,469,000	-96,704,000	-230,213,000	-395,644,000	-183,647,000	-321,361,000	-111,127,000	-1,442,000	-35,761,000	-12,054,000	-339,743,000	-12,347,000	-134,291,000
non-cash transactions of continuing operations:
transfers of property and equipment from (to) assets related to discontinued operations to (from) continuing operations
accrued debt issuance costs
summary of cash and cash equivalents:
cash and cash equivalents of continuing operations, end of period
cash and cash equivalents of discontinued operations, end of period
purchase of noncontrolling interest							0	-1,952,000	-7,149,000
write-down on receivables
loss on early redemption of senior unsecured notes														0	0
other assets and liabilities						83,153,000	-1,376,000	-10,488,000	13,341,000	-46,972,000	-9,007,000	-37,542,000	1,534,000	15,915,000	-35,988,000	-26,757,000	56,562,000	-82,705,000	-22,421,000	-4,517,000	-24,492,000	-30,874,000	16,231,000	-34,176,000	33,250,000	6,499,000	-28,190,000	-21,150,000	57,259,000	-10,080,000	-12,802,000	-29,078,000	-12,747,000	18,360,000	-15,498,000	-8,945,000
net cash from operating activities from continuing operations
net cash from operating activities from discontinued operations
purchase of intangible asset
net cash from investing activities from continuing operations
net cash from investing activities from discontinued operations
proceeds from issuance of senior unsecured notes																								0	498,240,000
payments on senior unsecured notes														0	0	0	-201,081,000
purchase of noncontrolling interests
borrowings on senior unsecured notes											0	0	599,571,000		0	0	348,618,000
loss and impairment of long-lived assets								2,723,000	-18,368,000	-1,029,000	1,027,000	769,000	90,000	723,000	-112,000	1,733,000	1,237,000	1,379,000	1,683,000	1,155,000	4,732,000	3,145,000	-219,000	820,000	981,000	2,258,000	2,116,000
income tax payments
loss on early redemptions of senior unsecured notes																	7,408,000
purchase of an indefinite-lived intangible asset																						0	0	0	-230,000
decrease in bank overdrafts																											10,914,000	-19,687,000	-50,578,000																-5,796,000		-8,724,000	-8,711,000		-16,181,000	-16,147,000			-4,471,000			-9,526,000		-20,512,000	18,940,000	-30,000,000	-28,127,000
redemption of senior unsecured note
proceeds from borrowing on revolving credit facility
payment on revolving credit facility																							0
proceeds from issuances of senior unsecured notes
early redemptions of senior unsecured notes
increase in bank overdrafts																														43,987,000			-12,101,000	9,328,000	-4,202,000	8,490,000	-14,338,000	13,656,000	14,644,000	-26,377,000	9,880,000	11,628,000	-6,288,000	6,221,000									-7,820,000			3,099,000
proceeds from borrowings on revolving credit facility																								0	500,000,000
redemption of senior unsecured notes																											0	0	-310,047,000
tax withholdings related to the exercise of stock appreciation rights																											-39,000	-24,000	-99,000	-283,000	-186,000	-211,000	-93,000	-117,000	-6,230,000	-5,707,000	-3,794,000	-12,489,000	-11,134,000	-1,399,000	-9,589,000	-7,572,000	-8,382,000	-4,120,000	-3,118,000	-1,284,000	-19,891,000	-16,910,000	-1,050,000	-24,214,000	-20,768,000
loss on disposal and impairment of long-lived assets																													125,000
repurchase of common stock																														-154,872,000	-120,825,000	-434,000	-5,223,000	-3,118,000	-3,303,000	-3,121,000	-6,093,000	-12,179,000	-11,813,000	-4,845,000	-1,734,000	-1,590,000	-5,826,000	-757,000	-615,000	-2,158,000	-75,788,000	-59,918,000	-1,902,000	-25,042,000	-5,174,000	-1,960,000	-529,176,000	-280,389,000	-144,362,000	-457,371,000	-289,407,000	-572,875,000	-14,369,000	119,367,000	-162,429,000	-158,308,000
loss on disposal and impairment of property and equipment																																1,549,000	3,208,000
loss and impairment of property and equipment
loss on property and equipment																																			4,361,000	275,000	1,397,000	2,402,000	1,484,000	3,145,000	7,027,000	5,371,000	9,378,000	989,000	455,000	1,197,000	423,000	100,000	788,000	1,385,000	382,000	1,871,000	2,179,000	1,291,000	1,752,000	3,082,000	1,508,000	-1,445,000	6,236,000
excess tax benefit from share-based compensation																																					-4,814,000	-15,535,000	-13,145,000	-2,711,000	-8,435,000	-6,498,000	-7,304,000	-5,138,000	-4,165,000	-1,152,000	-14,570,000	-11,971,000	-1,232,000	-20,685,000	-17,386,000	-4,564,000	-4,780,000	-2,692,000	-3,295,000	-2,809,000	-809,000	-4,729,000	-2,114,000	5,775,000	-4,629,000	-327,000
net decrease in, net of effect from acquisition of businesses:
net increase in, net of effect from acquisition of businesses:
business acquisitions, net of cash acquired																																					-2,025,000	-2,430,000		4,000	-16,431,000	-433,000	2,041,927,000	-2,059,184,000	-2,056,937,000	1,074,000			-3,037,000
proceeds from the issuance of common stock, primarily for employee stock purchase plan																																					1,094,000	2,222,000	1,085,000	1,304,000	2,512,000
contingent consideration related to previous business acquisition																																												-10,047,000			-4,726,000	-4,726,000		-4,755,000
net increase in:
net decrease in:
sale of certain assets of acquired business																																															16,798,000	9,004,000
issuance of senior unsecured notes																																																	0	299,904,000	299,904,000				0	298,761,000
payment of debt related costs																																																	-294,000	-2,648,000	-2,648,000	0	-3,561,000		0	-4,530,000
proceeds from the issuance of common stock, primarily exercise of stock options																																										1,352,000		4,208,000	2,979,000	2,000	3,029,000	2,434,000	1,313,000	6,260,000	4,545,000	5,173,000	7,673,000
benefit for deferred income taxes																																																								-2,118,000				68,087,000	-1,827,000	-2,182,000
effect of exchange rate change on cash																																												-2,321,000	-413,000
sale of certain business acquisition assets
decrease in financed vendor accounts payable																																																						-31,648,000			-14,535,000		-57,707,000			-6,625,000
contingent consideration related to business acquisitions
business acquisition, net of cash acquired																																															-187,211,000	-186,859,000
early extinguishment of debt																																																							0	-200,000,000
increase in financed vendor accounts payable																																																					-31,648,000			11,350,000				-132,674,000
adjustments to reconcile net income to net cash from
operating activities:
payments on note payable																																																						-239,000	-179,000	-349,000	-232,000	-192,000	-340,000
proceeds from the issuance of common stock, primarily exercise
of stock options																																																						3,485,000	2,953,000	27,142,000	4,691,000	4,135,000	28,112,000	869,000	18,166,000	2,926,000
inventory write-down for change in inventory management approach
amortization of deferred debt issuance costs																																																									304,000		194,000	83,000	191,000	111,000
provision (benefit) for deferred income taxes
insurance proceeds related to damaged property
(decrease) increase in financed vendor accounts payable																																																													-207,000
borrowings on note payable
adjustments to reconcile net income to net cash provided by
net decrease (increase) in:
gain on property and equipment
loss on disposal of property and equipment																																																													610,000
(payments) borrowings on note payable
(gain) loss on disposal of property and equipment																																																														-1,246,000
inventory write-down
loss on extinguishment of debt
(benefit) provision for deferred income taxes
tax benefit related to exercise of stock options
(decrease) increase in bank overdrafts
borrowings secured by trade receivables

Advance Auto Parts, Inc(NYSE:AAP)

Advance Auto Parts, Inc
(NYSE:AAP)