Annual Report Letter to Shareholders Executive Team 10-K Company Culture
Advance Auto Parts Speed Perks Advance Professional Investor Relations Annual Meeting Materials Press Releases

Company Profile

We are a leader in the automotive aftermarket industry, with over 5,000 company-operated stores and branches in the United States, Canada, Puerto Rico, and the Virgin Islands. We also serve more than 1,200 independently-owned Carquest-branded stores across these locations, in addition to Mexico, the Bahamas, Turks and Caicos, British Virgin Islands, and Pacific Islands. We wouldn’t be able to say “YES!” to our Customers without our valuable 70,000-plus Team Members.

4,869
ADVANCE AUTO PARTS/CARQUEST LOCATIONS
1,218
CARQUEST INDEPENDENT LOCATIONS
185
AUTOPART INTERNATIONAL LOCATIONS
129
WORLDPAC LOCATIONS
70,000+
Team Members
5,000+
Locations
20.5M
Speed Perks Members
1.8M
Social Media Followers

Letter to Shareholders

Having just completed the first year in Advance’s five-year transformation plan, President and CEO Tom Greco and Chairman of the Board Jeff Smith discuss highlights from 2017, significant progress made throughout the year and their confidence in the road ahead for Advance.

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"We have great people. We have a strategy that’s working. And we’re going to drive execution deep within the organization. I have tremendous confidence in the future of Advance."
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MESSAGE FROM OUR CEO

2017 Financial Summary

TOTAL NET SALES
(IN BILLIONS)
2016
$9.57
2017
$9.37
OPERATING CASH FLOW
(IN MILLIONS)
2016
$523
2017
$601
FREE CASH FLOW1
(IN MILLIONS)
2016
$264
2017
$411
DILUTED EARNINGS
PER SHARE
2016
$6.20
2017
$6.42
ADJUSTED EARNINGS
PER SHARE2
2016
$7.15
2017
$5.37

(1) Free cash flow is a non-GAAP measure and should be considered in addition to, but not as a substitute for, information contained in our “Consolidated Statements of Cash Flows” that can be found on page F-6 in our 2017 Form 10-K included in this annual report. Free cash flow of $411 million can be reconciled to net cash provided by operating activities on a GAAP basis of $601 million by adding back purchases of property and equipment of $190 million. (2) Diluted earnings per share have been reported on an adjusted basis to exclude certain non-operational and non-cash expenses in 2017 and 2016, including General Parts International, Inc. (“GPI”) integration and store consolidation costs, amortization of GPI acquired intangible assets, transformation expenses and the net impact of the Tax Cuts and Jobs Act. A reconciliation of the adjusted financial results to the most comparable GAAP results for 2017 and 2016 can be found on pages 17 and 21 of “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2017 Form 10-K included in this annual report.

Download 10-K

Transforming Advance for Growth

Executive Officers

Thomas R. Greco

Michael T. Broderick

Robert B. Cushing

Tammy M. Finley

Natalie S. Schechtman

Jeffrey W. Shepherd

Board of Directors

*Chairman of the Board   ‡Committee Chair
Committee Membership: 1 – Audit 2 – Compensation 3 – Finance 4 – Nominating and Corporate Governance

Company Culture

We are driving sustainable growth through significant investments in our Team Members, caring for our Customers, and giving back to the communities where we live and serve.

Our People

We’re committed to becoming an industry leader in workplace diversity and promoting a positive culture. Our Team Member Networks expanded in 2017 and continue to empower growth and diversity across the company that embody the Cultural Beliefs of Advance.

Our People

We invested heavily throughout 2017 to grow talent, while providing current Team Members new training and development opportunities. We introduced our Be An Owner incentive program in 2017 to recognize top performers in both our Customer Support Center and Supply Chain teams.

Our People

We empower our Team Members by trusting in their expertise, while investing in advanced training and incentive programs. Our Fuel the Frontline program recognized top-performing frontline Team Members by rewarding them with company stock!

Environmental Sustainability

In 2017, we recycled 5,809,604 gallons of oil.

That’s enough oil for over 2 million families to take cross-country road trips.

Environmental Sustainability

In 2017, we recycled 130,315 tons of lead-acid Batteries.

That’s enough battery charge to power over 6 million medium-sized vehicles.

Environmental Sustainability

We recycled 40,810 gallons of antifreeze/coolant in 2017. We are expanding this recycling program to even more stores next year.

That’s over 900-million miles of antifreeze/coolant protection.

DIY

DIY customers now enjoy a mobile-friendly shopping experience on our newly enhanced website, separating us from the competition.

DIY

We now offer even more parking lot services to our DIY Customers, including free engine code scanning and additional “perks” for our Speed Perks members.

DIY

With more than 5,000 locations, our knowledgeable Team Members are here to help you find the right part, getting you back on the road.

"Advancing a World in Motion"

"Let's Get You Back on the Road"

"Passion For Customers…Passion For YES!"

Professional

Professional Customers now have access to a broader range of inventory across one platform, making shopping with us better than ever.

Professional

AdvancePro allows our Professional Customers to shop online and fully access our common catalog anywhere and time.

Professional

30,000 technicians trained yearly at Carquest Technical Institute (CTI) and WORLDPAC Technical Institute (WTI).