Untitled

U.S. Auto Parts Network, Inc.
Profile
17150 S. Margay Ave. Carson, CA 90746 United States Phone : 310-735-0553 Fax : 310-632-1681 http://www.usautoparts.net
WELCOME
Hoover's is the business information resource that delivers a unique combination of up-to-date data, broad coverage, and comprehensive information about companies, decision makers, and industries - along with powerful tools to put this information to work for your business. Hoover's offers everything you need to successfully: * Identify and evaluate potential sales leads, markets, and business partners * Deepen relationships with current customers * Assess competitive risks and eliminate threats * Build presentation-ready reports and customized lists of companies, industries, and decision makers Unlike other business information providers, only Hoover's has a full-time, in-house editorial and research team dedicated wholly to investigating, pinpointing, authenticating, and analyzing data to provide the most comprehensive, up-to-date information available on companies, industries, and executives.
HIDDEN TEXT TO MARK THE BEGINNING OF THE TOC
866-541-3770 HOOVERS.COM
Jan 26, 2012 PAGE i
Table of Contents
Company Overview Key Information Key Financials Company Rankings Key People Company Description Industry Information People People Board Members Biographies Robert J. Majteles Shane Evangelist Aaron E. Coleman Theodore R. (Ted) Sanders Charles Fischer Houman Akhavan Josh Berman Fredric W. (Fred) Harman Sol Khazani Warren B. (Barry) Phelps Jeffrey A. Schwartz Ellen F. Siminoff William Avellan Robert Barkley Kevin Haynes Jessica Jones Rey Matias Barry Phelps Anton Reut Tracey Virtue Steve Barber Clint Broadway Jackie Florez Peter Lai 1 1 1 1 2 3 4 5 6 9 9 10 10 11 12 12 13 13 14 15 15 16 16 17 17 17 17 17 18 18 18 18 18 18 18
Jan 26, 2012 PAGE i
Eric Nielsen Edgar Quinto Robert Salcido Parth Shah Charissa Shalat Dennis Truong Malou Baesa Shawn Boler Buster Hendershot Peggy Liao Marcella McLaughlin Bryan Oniell Denise Perkins Jason Slocomb Winston Valdez Robert Vernam John Win Caroline Cicchetti Sarah Gustafson Sherry Liu Michael Villar Historical Events Company Financials Financial Summary Annual Income Statement Quarterly Income Statement Annual Balance Sheet Quarterly Balance Sheet Annual Cash Flow Quarterly Cash Flow Earnings Estimates Financial Market Data Historical Financials Competition Competitors List
18 18 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 21 21 21 21 23 24 25 26 27 28 29 30 31 32 32
Jan 26, 2012 PAGE i
Competitive Landscape
33
Jan 26, 2012 PAGE ii
Company Overview
17150 S. Margay Ave. Carson, CA 90746 United States Phone : 310-735-0553 Fax : 310-632-1681 http://www.usautoparts.net U.S. Auto Parts Network puts its customers in the fast lane. The company offers about 2 million aftermarket auto parts for all makes and models of domestic and foreign cars and trucks. Its inventory includes replacement, performance, body, and engine parts, as well as accessories (such as seat covers, alarms). U.S. Auto Parts also sells products for motorcycles, all-terrain vehicles, and RVs.The company generates the bulk of its revenue online; a pair of stores and mail-order catalogs also bring in sales. The company ships parts to more than 160 countries. It also distributes a private-label line of mirrors to auto parts stores nationwide and runs a wholesale program for body shops in Southern California.
Key Information
DUNS Number Location Type Subsidiary Status Manufacturer Company Type Plant/Facility Size (sq. ft.) Foreign Trade Accountant Total Employees 1-Year Employee Growth Employees At This Location Year of Founding or Change in Control Primary Industry Primary SIC Code Primary NAICS Code Tradestyle Latitude/Longitude 933267940 Headquarters No No Public 485,000.00 Imports / Exports Deloitte & Touche LLP 1,612 57.73% 55 1995 1521:Automotive Parts & Accessories Stores 37140000:Motor vehicle parts and accessories 441310:Automotive Parts and Accessories Stores PERFECT FIT GROUP 33.876064 / -118.258047
Key Financials
Fiscal Year-End Sales ($ M) 1-Year Sales Growth Net Income Total Assets Market Value Prescreen Score December $262.28M 48.78% ($13.93M) $153.54M $154.05M Low Risk
Russell 2000 (June 2011)
Jan 26, 2012 PAGE 1
Key People
Name Mr. Robert J. Majteles Mr. Shane Evangelist Mr. Aaron E. Coleman Mr. Theodore R. (Ted) Sanders Jr. Mr. Charles Fischer Mr. Houman Akhavan Mr. Josh Berman Mr. Fredric W. (Fred) Harman Mr. Sol Khazani Mr. Warren B. (Barry) Phelps III Title Chairman President, CEO, and Director COO CFO SVP Purchasing VP Marketing Director
Jan 26, 2012 PAGE 2
Company Description
In mid-2010 it acquired direct marketer Automotive Specialty Accessories and Parts. The deal, valued at $27 million, included Automotive Specialty's Illinois-based Whitney Automotive Groupand Ohio-based Stylin' Trucksretailingoperations. Each unit operates a brick-and-mortar store location, catalogs, and e-commerce sites, though Whitney accounts forthe larger portion of business. Indeed, Automotive Specialty's successful e-commerce business and distribution facility in Illinois were attractive because they complemented U.S. Auto Parts' own operations and will provide a foundation for continued growth. (With Whitney's facility in its distribution network, U.S. Auto Parts is able to shiporders to 95% of its customers in the US within two days of purchase.) Theacquisition also expanded U.S. Auto Parts' inventory to include products for ATVs, motorcycles, and recreational vehicles, and deepened its niche offerings for the Jeep and Volkswagen brands. As part of the deal, Automotive Specialty became a subsidiary of U.S. Auto Parts Network. Picking up Automotive Specialty helped to boost U.S. Auto Parts' revenue. Sales rose above $260 million in 2010, a nearly 50% increase from $176 million the year before. Yet the purchase also brought restructuring charges and higher operating expenses that, together with increased freightcosts, contributed to a nearly $14 million loss in 2010. To jump-start its bottom line, U.S. Auto Parts rolled out a new pricing strategy (basically, increasing prices on items to gauge whether consumers would continue to buy them), and the move is expected toboost marginshigher than 30% in 2011. The company, which boasts a variety of aftermarket supplies, often refines its offerings by removing low-selling products and updating them with new lines of merchandise. Included in that mix is U.S. Auto Parts' own privatelabel brand of mirror products called Kool-Vue.The bulk of its merchandiseis supplied by manufacturers in Chinaand the US. U.S. Auto Parts Network undertakes some ofits own online marketing efforts, which include paid search advertising, affiliate programs, and e-mail promotions. It outsources website development, catalog management,and phone sales to its operations in the Philippines. The firm's Canadian subsidiary sells its products in Canada. Directors Sol Khazani and Mehran Nia founded U.S. Auto Parts in 1995. Director Fredric Harman,who isa partner of Oak Investment Partners, owns27% of the company's shares.
Jan 26, 2012 PAGE 3
Industry Information
Hoover's > Retail Sector > Automotive Parts & Accessories Stores ( primary ) > Nonstore Retail > Internet & Mail-Order Retail Primary SIC Code 37140000 : Motor vehicle parts and accessories Primary NAICS Code 441310 : Automotive Parts and Accessories Stores Denotes In-depth Industry Insight by Hoover's Editorial Staff
Jan 26, 2012 PAGE 4
People
Title Chairman President, CEO, and Director COO CFO SVP Purchasing VP Marketing Director Director Director Director Director Director Administration Executive; Director Information Technology Director Of Sales And Marketingwholesale Director Application Development; Director Applications Development; It Director Director Of Finance Director-operations/i T Director Director Of Product Management; Senior Director Of User Experience Director, Operations Strategy Product Manager Category Name Mr. Robert J. Majteles Mr. Shane Evangelist Mr. Aaron E. Coleman Mr. Theodore R. (Ted) Sanders Jr. Mr. Charles Fischer Mr. Houman Akhavan Mr. Josh Berman Mr. Fredric W. (Fred) Harman Mr. Sol Khazani Mr. Warren B. (Barry) Phelps III Mr. Jeffrey A. Schwartz Ms. Ellen F. Siminoff William Avellan Age 46 37 36 56 53 33 41 51 53 64 45 43 Salary -$350,000.00 $175,000.00 -$110,769.00 $209,616.00 -------Bonus --$50,000.00 -$36,000.00 $173,990.00 --------
Robert Barkley Kevin Haynes
---
---
Jessica Jones Rey Matias Barry Phelps Anton Reut
-----
-----
Tracey Virtue Steve Barber
---
---
Jan 26, 2012 PAGE 5
Title Management Vendor Management Merchandising Product Manager Human Resources Manager Accounts Payable Manager Product Manager Compliance Manager Analyst; Information Technology Manager Senior Project Manager Manager Corporate Assurance - Us Auto Parts; Manager Corporate Assurance-us Auto Parts Fp And A Manager Accounts Payable Buyer-mobile Av Compensation Analyst Replenishment Analyst ( Purchasing Department; Replenishment Analyst Purchasing Department Consultant, Human Resources Senior Finance Analyst Senior Production Manager - Us Auto Parts; Senior Production Manager-us Auto Parts Senior Linux Systems Admin Customer Service Information Technology Engineer Data Analyst Senior Project Manager Supply Chain Sys
Name
Age
Salary
Bonus
Clint Broadway Jackie Florez Peter Lai Eric Nielsen Edgar Quinto Mr Robert Salcido Parth Shah Ms Charissa Shalat
---------
---------
Dennis Truong Malou Baesa Shawn Boler Buster Hendershot Ms Peggy Liao
------
------
Ms Marcella McLaughlin Bryan Oniell Ms Denise Perkins
----
----
Jason Slocomb Winston Valdez Robert Vernam Mr John Win Caroline Cicchetti
------
------
Jan 26, 2012 PAGE 6
Title Vice President Business Analytics; Vp Business Analytics Product Manger Affiliate Marketing Manager
Name Ms Sarah Gustafson
Age
Salary --
Bonus --
Ms Sherry Liu Michael Villar
---
---
Jan 26, 2012 PAGE 7
Board Members
Title Chairman President, CEO, and Director Director Director Director Director Director Director Name Mr. Robert J. Majteles Mr. Shane Evangelist Mr. Josh Berman Mr. Fredric W. (Fred) Harman Mr. Sol Khazani Mr. Warren B. (Barry) Phelps III Mr. Jeffrey A. Schwartz Ms. Ellen F. Siminoff Age 46 37 41 51 53 64 45 43
Jan 26, 2012 PAGE 8
Biographies
Robert J. Majteles, Age 46
Current Company Titles
Unknown - Present : Chairman
Other Company Affiliations

Director, iPass Inc. Director, Adept Technology, Inc. Director, Daegis Inc.
Past Company Affiliations

Chairman, Comarco, Inc. Director, Rovi Corporation Director, Vertical Communications, Inc. Director, Phoenix Technologies Ltd. Director, Merriman Holdings, Inc. Director, Attunity Ltd. Director, Superconductor Technologies, Inc. Director, World Heart Corporation
Biography Robert J. Majteles has been a director since November 2006 and has been our Chairman of the Board since March 2007. Mr. Majteles is the Managing Member of Treehouse Capital, LLC, an investment firm. Mr. Majteles also serves on the boards of directors of Adept Technology, Inc., Macrovision Corporation, Unify Corporation, Comarco, Inc., and Merriman, Curhan & Ford. Mr. Majteles holds a B.A. degree in political science from Columbia University and a J.D. from Stanford Law School. Mr. Majteles is also Lecturer at the graduate and undergraduate levels at the University of California, Berkeley. Source : Proxy, April 3, 2009
Shane Evangelist, Age 37

Title held since 2007 : President, CEO, and Director Current Company Titles
2007 - Present : President, CEO, and Director
Current Company Compensation History Salary Bonus

2008 : 2007 : $350,000.00 $60,577.00 -$250,000.00
Total
$1,524,597.00 --

SVP and General Manager, Blockbuster Online, Blockbuster LLC
Biography
Jan 26, 2012 PAGE 9
Shane Evangelist has been our Chief Executive Officer and a director since October 2007. From August 2004 to September 2007, Mr. Evangelist served as Senior Vice President and General Manager of BLOCKBUSTER Online, a division of Blockbuster Inc., which he joined in 2001, where he was responsible for leading the creation, development and launch of Blockbusters online movie rental service. Prior to that, from January 2001 to July 2004, Mr. Evangelist served as Vice President of Strategic Planning for Blockbuster Inc., with responsibility for strategy development, mergers and acquisitions, marketing and capital deployment. Prior to Blockbuster, Mr. Evangelist began his career at IBM as a business executive responsible for media and entertainment accounts. Mr. Evangelist holds a B.A. degree in Business Administration from the University of New Mexico and an M.B.A. from Southern Methodist University. Source : Proxy, April 3, 2009
Aaron E. Coleman, Age 36

Title held since 2010 : COO Current Company Titles
2010 - Present : COO 2008 - 2010 : EVP Operations and CIO

2008 : $175,000.00 $50,000.00
Total
$347,394.00
Biography From April 3, 2008 until his appointment as the Companys Chief Operating Officer, Mr. Coleman served as the Companys Chief Information Officer and Executive Vice President of Operations, responsible for IT, Supply Chain, and Call Center Operations, including the Companys Philippines operations. From October 2007 to April 2008 Mr. Coleman served as Senior Vice President and acting General Manager for Blockbuster, Inc.; he was Senior Vice President Online Systems from July 2007 to October 2007. Mr. Coleman joined Blockbuster, Inc. in March 2005 as Vice President Online Systems, a position he held through July 2007. While serving as Senior Vice President, Online Systems, Mr. Coleman was initially responsible for all technology and fulfillment of the $500+ million on-line, direct-to-consumer movie distribution business and was tasked with all online departmental responsibilities in October of 2007. During his tenure, Blockbuster Online was recognized as the fastest growing etailer for several years in a row. From April 2003 to March 2005, Mr. Coleman was the Chief Technology Officer of Travelweb LLC, which developed a centralized booking gateway for the major hotel brands and which was ultimately acquired by priceline.com Incorporated. While at Travelweb LLC, Mr. Coleman was responsible for all aspects of Travelwebs technology, including the technology for Travelweb.com and over 40 affiliated websites, and he was appointed to oversee all aspects of the integration of Travelweb and priceline.com post-acquisition. Mr. Colemans prior experience also includes working for American Airlines, Inc., where he managed the
Jan 26, 2012 PAGE 10
infrastructure of AA.com. Prior to his employment at American Airlines, Mr. Coleman was responsible for the next generation platform for Chipshot.com, an online golf retailer, as well as for all public websites for The Baan Company, an ERP company. Mr. Coleman holds a B.A. degree in Business Administration from Gonzaga University. Source : 8K, September 8, 2010
Theodore R. (Ted) Sanders, Age 56

Title held since 2009 : CFO Current Company Titles
2009 - Present : CFO
Biography Theodore R. Sanders has been our Chief Financial Officer since February 2009. Prior to that, from June 2007 to February 2009, he was the Chief Financial Officer of ViewSonic Corporation, and from 1997 to June 2007 Mr. Sanders served as Chief Financial Officer of public company PC Mall, Inc., a marketer of technology products with over $1.2 billion in revenue. Prior to PC Mall, Mr. Sanders served in the roles of controller, Director of Finance and Director of Internal Audit for BAX Global, a subsidiary of The Pittston Company, a global business and security services company. Mr. Sanders started his career at Deloitte & Touche LLP and is a Certified Public Accountant. He holds a B.S. degree in Business Administration from Nichols College. Source : Proxy, April 3, 2009
Charles Fischer, Age 53

Title held since 2008 : SVP Purchasing Current Company Titles
2008 - Present : SVP Purchasing

2008 : $110,769.00 $36,000.00
Total
$230,450.00

VP Supply Chain Management, Keystone Automotive Industries, Inc.
Biography Charles Fischer has been our Senior Vice President of Purchasing since May 2008. Prior to that, from November 2004 to March 2008, Mr. Fischer served as Vice President, Supply Chain Management for Keystone Automotive Industries and was responsible for all aspects of Keystones supply chain, including purchasing, inventory management and inbound logistics. From November 2003 to November 2004, Mr. Fischer was Director, Business
Jan 26, 2012 PAGE 11
Development for Modern Engineering, where he was responsible for developing, selling and implementing Logistics, Packaging and Engineering service projects to Automotive Industry clients. Mr. Fischers experience also includes serving as Director, Automotive Consulting for Viewlocity Corporation and Vice President of Global Sourcing for Federal-Mogul Corporation. Source : Proxy, April 3, 2009
Houman Akhavan, Age 33

Title held since 2007 : VP Marketing Current Company Titles
2007 - Present : VP Marketing 2006 - 2007 : VP Marketing

2008 : 2007 : 2006 : $209,616.00 $210,423.00 $293,788.00 $173,990.00 $43,750.00 --
Total
$570,010.00 ---
Biography Houman Akhavan has been our Vice President of Marketing since January 2006. Prior to that, from August 2004 to December 2005, Mr. Akhavan served as a consultant to U.S. Auto Parts. From February 2000 to July 2004, Mr. Akhavan served as the founder and Chief Strategy Officer of Edigitalweb, Inc., an online marketing and software development firm. Source : Proxy, April 3, 2009
Josh Berman, Age 41

Title held since 2007 : Director Current Company Titles
2007 - Present : Director

COO, Myspace Inc. SVP, Corporate Development, Xdrive, LLC COO, MySpace.com, Demand Media, Inc.
Biography Joshua L. Berman has been a director since October 2007. Mr. Berman is a co-founder of MySpace.com, a leading online lifestyle portal, and has served as its Chief Operating Officer since January 2003. Prior to that, Mr. Berman co-founded and managed two Internet companies, ResponseBase Marketing, where he held positions as the Chief Operating
Jan 26, 2012 PAGE 12
Officer and Chief Financial Officer, and Xdrive Technologies, where he served as Chief Financial Officer and Senior Vice President of Corporate Development. Mr. Berman has also worked as a management consultant at PricewaterhouseCoopers and as an international marketing manager and a senior financial analyst at Twentieth Century Fox. Mr. Berman is licensed as a certified public accountant and holds a B.A. degree in economics from the University of California, Santa Barbara and an M.B.A. from the University of Southern California. Source : Proxy, April 3, 2009
Fredric W. (Fred) Harman, Age 51

Title held since 2006 : Managing Partner Current Company Titles
2006 - Present : Managing Partner Unknown - 2006 : General Partner

Director, U.S. Auto Parts Network, Inc. Director, Demand Media, Inc. Director, Limelight Networks, Inc. Director, Knowledge Networks, Inc. Director, Rearden Commerce, Inc. Director, SHOP.COM

Director, Internap Network Services Corporation Director, Aventail Corporation Director, Captura, Inc. Director, Fastclick, Inc. Director, aQuantive, Inc. Director, divine, inc.
Biography Fredric W. Harman, Managing Partner, joined Oak Investment Partners as a General Partner in 1994. Fred's primary investment focus is on Consumer Internet and Internet New Media. Fred is currently on the Boards of Aspect Software, Connexus Corporation, Demand Media, Federated Media, FRS, Knowledge Networks, Limelight Networks, MyLife.com, RazorGator, Rearden Commerce, Shop.com, Sutherland Global Services, and U.S. Auto Parts. Fred has also led investments in aQuantive (acquired by Microsoft), Allyes (acquired by Focus Media), Campus Pipeline (acquired by SCT), Fastclick (acquired by ValueClick), Captura (acquired by Concur), Cobalt, Exodus, ILOG, IMS (acquired by Celestica) Inktomi, Pivotal, Primus Knowledge Solutions, Qpass (acquired by Amdocs), Quintus (acquired by Avaya), Sanmina/SCI, SportsGG and SPSS. Prior to Oak, Fred worked for seven years with Morgan Stanley's Venture Capital Group where he was a General Partner. Prior to Morgan Stanley, Fred worked in Business Development at Hughes Communications where he was involved in the formation of the predecessor to DirecTV. Fred received an MBA from the Harvard
Jan 26, 2012 PAGE 13
Graduate School of Business and a BS and MS in Electrical Engineering from Stanford University where he was a Hughes Fellow. Fred is also a co-owner of the Golden State Warriors and a Trustee of Sacred Heart Schools. Source : Company Web Site, 2009
Sol Khazani, Age 53

2007 - Present : Director Unknown - 2007 : Chairman
Biography Sol Khazani is a co-founder of U.S. Auto Parts and has been a director since January 2001. Mr. Khazani also served as our Chairman of the Board from January 2001 to March 2007, as our Chief Financial Officer from January 2001 to April 2005 and as a Vice President from October 1995 to January 2001. Since 1995, Mr. Khazani has served as the Vice President of American Condenser, Inc., a company that he co-founded which manufactures air-conditioning condensers for automotive and industrial applications. Mr. Khazani holds a B.S. degree in accounting and an M.B.A. from National University in San Diego. Source : Proxy, April 3, 2009
Warren B. (Barry) Phelps, Age 64


Trustee, St. Lawrence University

Chairman, Somera Communications, Inc.
Biography Warren B. Phelps III has been a director since September 2007. From 2000 until his retirement in September 2006, Mr. Phelps served in several executive positions for Spirent Communications plc, a leading communications technology company, most recently as President of the Performance Analysis Broadband division. From 1996 to 2000, Mr. Phelps was at Netcom Systems, a provider of network test and measurement equipment, most recently as President and Chief Executive Officer. Prior to that, Mr. Phelps held executive positions, including Chairman and Chief Executive Officer, at MICOM Communications and in various financial management roles at Burroughs / Unisys Corporation. Mr. Phelps currently serves on the boards of directors of two privately held companies and on the
Jan 26, 2012 PAGE 14
Board of Trustees of St. Lawrence University. Mr. Phelps holds a B.S. degree from St. Lawrence University in Canton, New York and an M.B.A. from the University of Rochester in Rochester, New York. Source : Proxy, April 3, 2009
Jeffrey A. Schwartz, Age 45


Vice Chairman, Autobytel Inc. CEO and Director, Atrinsic, Inc.
Biography Jeffrey A. Schwartz has been a director since October 2007. Since December 2008, he has served as Chairman and CEO of Lateral Media, Inc., a web publishing and performance marketing company. Prior to founding Lateral Media, Mr. Schwartz was founder, Chairman, and CEO of Vertical Passion Media, a media and marketing company focused on classified listings, content, and community in the motors category, from June 2007 through December 2008, and Chairman and CEO of AutoCentro, an automotive dealership group, from June 2006 to June 2007. From 2001 to April 2006, Mr. Schwartz served in various senior executive positions at Autobytel, including Vice Chairman, President, and CEO. Prior to Autobytel, Mr. Schwartz was President and CEO of Autoweb, another NASDAQ listed company, and Vice President, Corporate Affairs at The Walt Disney Company. Mr. Schwartz holds B.A., M.A. and Ph.D. degrees in political science from the University of Southern California. Source : Proxy, April 3, 2009
Ellen F. Siminoff, Age 43


Director, U.S. Auto Parts Network, Inc. Director, SolarWinds, Inc. Director, Glu Mobile Inc.

SVP Entertainment and Small Business, Yahoo! Inc. Director, StubHub, Inc.
Jan 26, 2012 PAGE 15
Biography Ellen F. Siminoff, is President and CEO of Shmoop, an educational website. She served as Chairman of Efficient Frontier, a leading provider of paid search engine marketing solutions, from February 2008 until September 2009, and served as its President and Chief Executive Officer from 2004 to February 2008. She was a member of the founding executive team at Yahoo! Inc., a company providing internet search and other capabilities, and from 1996 to 2004, she served at Yahoo! in a number of positions including Vice President, Business Development and Planning; Senior Vice President, Corporate Development; and Senior Vice President, Small Business and Entertainment. From 1994 to 1996, Ms. Siminoff worked for the Los Angeles Times as online classifieds manager. Ms. Siminoff and her husband founded EastNet, a global syndicate barter company distributing television programming to 14 emerging market countries in exchange for advertising time. Ms. Siminoff also serves on the board of directors for US AutoParts Network, Inc. and other public and private companies, including Solarwinds and Glu Mobile, Inc. Ms. Siminoff is a member of the Human Resources Committee and has been a director since February 2007. Ms. Siminoffs knowledge of and expertise in internet-related industries, as well as her executive experience, qualify her to serve as a director of our Company Source : Proxy, 03/17/2011
William Avellan
Unknown - Present : Administration Executive; Director Information Technology
Robert Barkley
Unknown - Present : Director Of Sales And Marketing-wholesale
Kevin Haynes
Unknown - Present : Director Application Development; Director Applications Development; It Director
Jessica Jones
Unknown - Present : Director Of Finance
Rey Matias
Unknown - Present : Director-operations/i T
Jan 26, 2012 PAGE 16
Barry Phelps
Unknown - Present : Director
Anton Reut
Unknown - Present : Director Of Product Management; Senior Director Of User Experience
Tracey Virtue
Unknown - Present : Director, Operations Strategy
Steve Barber
Unknown - Present : Product Manager Category Management Vendor Management Merchandising
Clint Broadway
Unknown - Present : Product Manager
Jackie Florez
Unknown - Present : Human Resources Manager
Peter Lai
Unknown - Present : Accounts Payable Manager
Eric Nielsen
Unknown - Present : Product Manager
Edgar Quinto
Unknown - Present : Compliance Manager
Jan 26, 2012 PAGE 17
Robert Salcido
Unknown - Present : Analyst; Information Technology Manager
Parth Shah
Unknown - Present : Senior Project Manager
Charissa Shalat
Unknown - Present : Manager Corporate Assurance - Us Auto Parts; Manager Corporate Assurance-us Auto Parts
Dennis Truong
Unknown - Present : Fp And A Manager
Malou Baesa
Unknown - Present : Accounts Payable
Shawn Boler
Unknown - Present : Buyer-mobile Av
Buster Hendershot
Unknown - Present : Compensation Analyst
Peggy Liao
Unknown - Present : Replenishment Analyst ( Purchasing Department; Replenishment Analyst Purchasing Department
Marcella McLaughlin
Unknown - Present : Consultant, Human Resources
Jan 26, 2012 PAGE 18
Bryan Oniell
Unknown - Present : Senior Finance Analyst
Denise Perkins
Unknown - Present : Senior Production Manager - Us Auto Parts; Senior Production Manager-us Auto Parts
Jason Slocomb
Unknown - Present : Senior Linux Systems Admin
Winston Valdez
Unknown - Present : Customer Service
Robert Vernam
Unknown - Present : Information Technology Engineer
John Win
Unknown - Present : Data Analyst
Caroline Cicchetti
Unknown - Present : Senior Project Manager Supply Chain Sys
Sarah Gustafson
Unknown - Present : Vice President Business Analytics; Vp Business Analytics
Sherry Liu
Unknown - Present : Product Manger
Jan 26, 2012 PAGE 19
Michael Villar
Unknown - Present : Affiliate Marketing Manager
Jan 26, 2012 PAGE 20
Historical Events
Date
2007-10-15 2007-06-19 2007-02-09 2006-11-02
Event
Top Executive Change Auditor Change IPO Trading IPO Filing
Details
Shane Evangelist succeeded Mehran Nia, who remained a director. The company named J.H. Cohn LLP as its new auditor. The company went public with an offering worth $100 million. The company filed to go public with an offering worth $100 million.
Jan 26, 2012 PAGE 21
Company Financials
Financial Summary
Company Type Fiscal Year-End 2010 Sales 1-Year Sales Growth 2010 Net Income 1-Year Net Income Growth Prescreen Score Auditor Public NASDAQ: PRTS Headquarters December $262.28M 48.78% ($13.93M) -Low Risk Deloitte & Touche LLP
Jan 26, 2012 PAGE 22
Annual Income Statement

All amounts in millions of US Dollars except per
Revenue Cost of Goods Sold Gross Profit Gross Profit Margin SG&A Expense Depreciation and Amortization Operating Income Operating Margin Nonoperating Income Nonoperating Expenses Income Before Taxes Income Taxes Net Income After Taxes Continuing Operations Discontinued Operations Total Operations Total Net Income Net Profit Margin Diluted EPS from Continuing Diluted EPS from Total Diluted EPS from Total Net Dividends per Share
Dec 2010 262.28 172.67 89.61 34.17% 82.33 2.80 (1.43) (0.54%) 0.19 (0.47) (1.71) 12.22 (13.93)
(13.93) -(13.93) (13.93) -(0.46) (0.46) (0.46) --
Dec 2009 176.29 112.42 63.87 36.23% 58.96 0.66 4.25 2.41% 0.00 0.19 4.44 3.12 1.32
1.32 -1.32 1.32 0.75% 0.04 0.04 0.04 --
Dec 2008 153.42 100.87 52.56 34.25% 53.96 28.33 (29.73) (19.38%) 0.04 0.96 (28.73) (11.82) (16.91)
(16.91) -(16.91) (16.91) -(0.57) (0.57) (0.57) --
Dec 2007 160.96 107.13 53.82 33.44% 47.70 8.35 (4.21) (2.61%) 0.01 -(3.06) 0.54 (3.60)
(3.60) -(3.60) (3.60) -(0.13) (0.13) (0.13) --
Dec 2006 120.06 78.57 41.49 34.56% 29.66 5.09 5.40 4.50% 0.15 4.05 0.55 3.50
3.50 -3.50 3.50 2.91% 0.17 0.17 0.17 --
Jan 26, 2012 PAGE 23
Quarterly Income Statement

Quarter Ending Revenue Cost of Goods Sold Gross Profit Gross Profit Margin SG&A Expense Depreciation and Amortization Operating Income Operating Margin Nonoperating Income Nonoperating Expenses Income Before Taxes Income Taxes Net Income After Taxes Continuing Operations Discontinued Operations Total Operations Total Net Income Net Profit Margin Diluted EPS from Continuing Diluted EPS from Total Diluted EPS from Total Net Dividends per Share
Sep 2011 78.59 54.25 24.35 30.98% 27.55 0.34 (5.22) (6.64%) 0.20 (0.29) (5.31) 0.00 (5.31)
(5.31) -(5.31) (5.31) -(0.17) (0.17) (0.17) --
Jun 2011 84.27 55.85 28.41 33.72% 27.37 1.36 (2.23) (2.65%) 0.05 (0.19) (2.37) 0.20 (2.56)
(2.56) -(2.56) (2.56) -(0.08) (0.08) (0.08) --
Mar 2011 86.98 56.56 30.42 34.97% 21.82 1.63 0.02 0.03% 0.03 (0.28) (0.23) 0.02 (0.25)
(0.25) -(0.25) (0.25) -(0.01) (0.01) (0.01) --
Dec 2010 80.45 53.05 27.40 34.06% 26.28 1.64 (2.58) (3.21%) 0.01 (0.26) (2.83) 0.06 (2.90)
(2.90) -(2.90) (2.90) -(0.10) (0.10) (0.10) --
Sep 2010 72.35 48.34 24.01 33.18% 23.40 0.92 (1.98) (2.74%) 0.13 (0.21) (2.06) 10.98 (13.04)
(13.04) -(13.04) (13.04) -(0.43) (0.43) (0.43) --
Jan 26, 2012 PAGE 24
Annual Balance Sheet

Assets Dec 2010 Current Assets Cash Net Receivables Inventories Other Current Total Current Net Fixed Assets Other Noncurrent Total Assets
17.60 6.85 48.10 7.07 79.61 33.14 40.79 153.54
Dec 2009
26.25 3.38 18.61 15.73 63.98 12.41 28.23 104.61
Dec 2008
32.47 1.35 10.91 4.19 48.92 8.20 33.31 90.43
Dec 2007
19.40 2.91 11.19 25.29 58.79 6.95 44.33 110.06
Dec 2006
2.38 2.79 8.80 2.08 16.05 2.72 51.15 69.91
Shareholder's Equity Dec 2010 Preferred Stock Common Stock Total Equity Shares
-72.80 72.80 30.41
Dec 2009
-82.69 82.69 29.85
Dec 2008
-77.52 77.52 29.85
Dec 2007
-91.64 91.64 29.85
Dec 2006
0.01 20.60 20.61 --
Liabilities Dec 2010 Current Liabilities Accounts Payable Short-Term Debt Other Current Total Current Long-Term Debt Other Noncurrent Total Liabilities
31.66 6.26 21.01 58.93 18.06 3.75 80.73
Dec 2009
11.37 0.00 10.56 21.93 -0.00 21.93
Dec 2008
5.70 0.05 7.16 12.91 0.00 0.00 12.91
Dec 2007
8.10 1.07 9.19 18.37 0.05 0.00 18.41
Dec 2006
9.09 12.87 5.30 27.26 22.04 0.00 49.30
Jan 26, 2012 PAGE 25
Quarterly Balance Sheet

Assets Quarter Ending Current Assets Cash Net Receivables Inventories Other Current Total Current Net Fixed Assets Other Noncurrent Total Assets
Sep 2011
15.15 8.81 45.72 5.92 75.59 34.80 37.40 147.79
Jun 2011
16.25 8.84 45.80 76.81 34.35 37.96 149.12
Mar 2011
18.88 8.30 42.68 7.13 76.99 33.88 39.47 150.34
Dec 2010
17.60 6.85 48.10 7.07 79.61 33.14 40.79 153.54
Sep 2010
24.54 4.55 46.43 13.44 88.95 35.85 36.39 161.20
Shareholder's Equity Quarter Ending Preferred Stock Common Stock Total Equity Shares
Sep 2011
-67.17 67.17 30.56
Jun 2011
-71.71 71.71 30.54
Mar 2011
-73.42 73.42 30.45
Dec 2010
-72.80 72.80 30.41
Sep 2010
-74.82 74.82 30.36
Liabilities Quarter Ending Current Liabilities Accounts Payable Short-Term Debt Other Current Total Current Long-Term Debt Other Noncurrent Total Liabilities
Sep 2011
33.83 6.38 22.93 63.15 13.26 4.22 80.62
Jun 2011
33.01 6.40 18.92 58.34 14.84 4.23 77.41
Mar 2011
30.96 5.86 19.75 56.57 16.43 3.92 76.93
Dec 2010
31.66 6.26 21.01 58.93 18.06 3.75 80.73
Sep 2010
37.54 5.56 21.40 64.51 19.44 2.44 86.38
Jan 26, 2012 PAGE 26
Annual Cash Flow

Dec 2010 Cash and Cash Equivalents at the Beginning of Year Net Cash Provided in Operating Net Cash Provided by Investing Net Cash Provided by Financing Net Increase/Decrease in Cash and Cash Equivalents Cash and Cash Equivalents at the End of Year
26.25 (1.71) (31.05) 23.88 (8.66) 17.60
Dec 2009
32.47 11.59 (18.08) 0.12 (6.22) 26.25
Dec 2008
19.40 3.00 11.18 (1.08) 13.07 32.47
Dec 2007
2.38 9.59 (28.97) 37.58 18.22 19.40
Dec 2006
1.35 7.36 (26.27) 19.94 1.03 2.38
Jan 26, 2012 PAGE 27
Quarterly Cash Flow

Quarter Ending Cash and Cash Equivalents at the Beginning of Year Net Cash Provided in Operating Net Cash Provided by Investing Net Cash Provided by Financing Net Increase/Decrease in Cash and Cash Equivalents Cash and Cash Equivalents at the End of Year
Sep 2011
16.25 10.40 (8.33) (4.50) (2.44) 15.15
Jun 2011
18.88 7.42 (6.06) (2.72) (1.35) 16.25
Mar 2011
17.60 6.79 (3.66) (1.84) 1.29 18.88
Dec 2010
24.54 (1.71) (31.05) 23.88 (8.66) 17.60
Sep 2010
15.20 1.29 (28.37) 25.32 (1.71) 24.54
Jan 26, 2012 PAGE 28
Earning Estimates
Current Dec 11 Average Estimate Number of Analysts High Estimate Low Estimate Year ago EPS Growth Rate Consensus Recommendation ($0.04) 5 $0.00 ($0.07) $0.01 (460.00%) Next Quarter Mar 12 $0.02 4 $0.02 $0.01 ($0.01) 250.00% Current Year Dec 11 ($0.28) 6 ($0.18) ($0.33) $0.16 (276.04%) Next Year Dec 11 $0.12 5 $0.25 $0.06 -141.08% Moderate Buy
Jan 26, 2012 PAGE 29
Financial Market Data

Current Information
Last Close (20-Jan-2012) 52-Week High 52-Week Low 60-Month Beta Market Cap Shares Outstanding Dividend Rate Dividend Yield # of Institutional Holders Latest Short Interest Ratio $5.03 $9.88 $3.53 1.35 $154.05M 30.63M -0.00% 72 -Price/Sales Ratio Price/Book Ratio Price/Earnings Ratio Price/Cash Flow Ratio Return on Assets Return on Equity Current Ratio Long-Term Debt/Equity % Owned by Institutions Latest Net Insider Transactions 0.46 2.29 (13.93) 21.65 (7.13%) (15.51%) 1.20 0.33 39.23%
Growth Revenue Growth EPS Growth Dividend Growth
12 Month 48.78% ---
36 Month 17.67% ---
60 Month 34.45% ---
Jan 26, 2012 PAGE 30
Historical Financials
Income Statement
Year
Dec 2010 Dec 2009 Dec 2008 Dec 2007 Dec 2006 Dec 2005 Dec 2004 Dec 2003 Dec 2002 Dec 2001
Revenue ($ M)
262.28 176.29 153.42 160.96 120.06 59.70 40.66 31.66 17.94 9.47
Net Income ($ M)
(13.93) 1.32 (16.91) (3.60) 3.50 6.82 7.13 3.77 0.22 0.19
Net Profit Margin

-0.75% --2.91% 11.42% 17.54% 11.91% 1.20% 1.96%
Employees
1,612 1,022 800 748 451 434
Debt Ratio Return on Equity Cash ($ M) Current Ratio Long-Term Debt ($ M) Shares Outstanding (M) Dividend Yield Dividend Payout Market Cap ($ M)
24.81% (15.51%) 17.60 1.35 18.06 30.41 0.00% -255.43
Stock History
Year
Dec 2010 Dec 2009 Dec 2008 Dec 2007 Dec 2006 Dec 2005 Dec 2004 Dec 2003 Dec 2002 Dec 2001
FY High
9.47 6.35 7.20 12.61 -------
Stock Price ($) FY Low

5.01 1.01 1.00 5.07 -------
FY Close
8.40 5.20 1.39 8.11 -------
High
-158.75 ---------
P/E Low
-25.25 ---------
Per Share ($) Earns. Div.

-0.46 0.04 -0.57 -0.13 0.17 0.52 0.54 0.33 0.02 0.02 -----------
Book Value
2.39 2.77 2.60 3.07 -------
Jan 26, 2012 PAGE 31
Competitors List
Company Gross Revenue Net Profit Margin Net Operating Cash Flow
Advance Auto Parts (Top Competitor) Amazon.com AutoZone (Top Competitor) CARQUEST eBay (Top Competitor) Fisher Auto Parts General Parts Genuine Parts Keystone Automotive Industries LKQ O'Reilly Automotive Pep Boys
$5,925.20M $34,204.00M $8,072.97M -$9,156.27M --$11,207.59M $335.60M $2,469.88M $5,397.53M $1,988.64M
6.16% 2.00% 10.58% -19.67% --4.48% -6.51% 8.59% 2.05%
$666.16M $3,495.00M $1,291.54M -$2,745.76M --$678.66M -$159.18M $703.69M $117.20M
Jan 26, 2012 PAGE 32
Competitive Landscape
Companies listed are Top Competitors. Key U.S. Auto Parts Network, $262.28M -U.S. Auto Parts Network, 33.48% (3.25%) (3.33%) (15.51%) (7.13%) (11.80%) AutoZone, Inc. eBay Inc. Advance Auto Parts, Inc. $5,925.20M -Advance Auto Parts, Inc. 49.83% 9.88% 6.16% 39.21% 10.64% 26.67% Industry Market
Annual Sales ($ Employees Market Cap ($ Profitability
$8,072.97M 65,000 $12,313.46M AutoZone, Inc.
$9,156.27M $39,154.04M eBay Inc.
Gross Profit Pre-Tax Profit Net Profit Return on Return on Return on Invested Capital
51.13% 16.54% 10.58% -15.00% --
71.99% 22.92% 19.67% 12.38% 8.91% 11.12%
31.03% 5.64% 1.60% 6.39% 2.76% 4.92%
30.57% 10.96% 3.29% 5.28% 0.88% 2.43%
Valuation
U.S. Auto Parts Network, 0.46 -13.93 2.29 21.65 U.S. Auto Parts Network, 7.4 4.8 76.5 2.1 49.5 --
AutoZone, Inc.
eBay Inc.
Advance Auto Parts, Inc. 0.97 15.85 6.96 8.76 Advance Auto Parts, Inc. 7.4 1.6 235.0 1.7 49.5 37.66%
Industry
Market
Price/Sales Price/Earnings Price/Book Price/Cash Flow Operations
1.79 16.95 -10.14 11.53 AutoZone, Inc.
3.91 23.26 2.55 13.37 eBay Inc.
1.06 27.40 3.98 14.56 Industry
1.51 -2.27 10.29 Market
Days of Sales Outstanding Inventory Days Cost of Goods Sold in Asset Turnover Net Receivables Turnover Flow Effective Tax
5.6 1.6 222.7 1.4 65.0 36.04%
17.2 --0.4 21.2 14.18%
13.4 4.7 78.2 1.7 27.3 --
43.2 7.6 47.9 0.3 8.4 --
Jan 26, 2012 PAGE 33
Financial
U.S. Auto Parts Network, 1.35 0.43 2.11 0.33 (9.58)
AutoZone, Inc.
eBay Inc.
Advance Auto Parts, Inc. 1.15 0.10 3.23 0.29 19.52
Industry
Market
Current Ratio Quick Ratio Leverage Ratio Total Debt/ Interest
0.81 0.07 --8.67
2.45 2.34 1.44 0.12 --
1.53 0.78 2.33 0.29 11.78
1.46 1.30 5.80 1.08 7.61
Per Share Data
U.S. Auto Parts Network, $10.83 -$0.23 $0.68 $0.59 $2.19 $5.01 U.S. Auto Parts Network, 48.78% ---17.67% ----
AutoZone, Inc.
eBay Inc.
Advance Auto Parts, Inc. $76.67 $0.24 $8.54 $3.81 $4.15 $10.73 $46.30 Advance Auto Parts, Inc. 9.47% 27.99% 39.58% 0.00% 6.94% 13.24% 20.10% 0.00%
Industry
Market
Per Share Data Dividend Per Cash Flow Per Working Capital Per Long-Term Debt Per Book Value Per Total Assets Per Growth
$193.48 -$30.10 ($16.22) $84.29 ($34.23) $149.13 AutoZone, Inc.
$8.17 -$2.39 $5.07 $1.16 $12.52 $17.04 eBay Inc.
$36.88 $0.13 $2.69 $4.76 $2.39 $9.84 $22.96 Industry
$20.22 $0.53 $2.97 $2.50 $12.25 $13.47 $78.15 Market
12-Month 12-Month Net 12-Month EPS 12-Month Dividend 36-Month Revenue 36-Month Net Income 36-Month EPS Growth 36-Month Dividend
9.65% 14.99% 30.06% -7.37% 9.78% 24.70% --
4.91% (24.62%) (25.68%) -6.07% 72.93% 75.87% --
13.48% 36.22% 33.75% (10.37%) 7.41% 10.17% 10.80% (3.59%)
8.06% 44.41% -2.18% 2.77% (1.30%) ---
Jan 26, 2012 PAGE 34

Untitled

Caricato da

Informazioni sul documento

Descrizione originale:

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

Untitled

Caricato da

Copyright:

Formati disponibili

U.S. Auto Parts Network, Inc.

HIDDEN TEXT TO MARK THE BEGINNING OF THE TOC

Jan 26, 2012 PAGE i

Jan 26, 2012 PAGE i

Jan 26, 2012 PAGE i

Jan 26, 2012 PAGE ii

Russell 2000 (June 2011)

Jan 26, 2012 PAGE 1

Jan 26, 2012 PAGE 2

Jan 26, 2012 PAGE 3

Jan 26, 2012 PAGE 4

Robert Barkley Kevin Haynes

Jessica Jones Rey Matias Barry Phelps Anton Reut

Tracey Virtue Steve Barber

Jan 26, 2012 PAGE 5

Ms Marcella McLaughlin Bryan Oniell Ms Denise Perkins

Jan 26, 2012 PAGE 6

Name Ms Sarah Gustafson

Ms Sherry Liu Michael Villar

Jan 26, 2012 PAGE 7

Jan 26, 2012 PAGE 8

Other Company Affiliations

Past Company Affiliations

Shane Evangelist, Age 37

Current Company Compensation History Salary Bonus

Past Company Affiliations

Jan 26, 2012 PAGE 9

Aaron E. Coleman, Age 36

Current Company Compensation History Salary Bonus

Jan 26, 2012 PAGE 10

Theodore R. (Ted) Sanders, Age 56

Charles Fischer, Age 53

Current Company Compensation History Salary Bonus

Past Company Affiliations

Jan 26, 2012 PAGE 11

Houman Akhavan, Age 33

Current Company Compensation History Salary Bonus

Josh Berman, Age 41

Past Company Affiliations

Jan 26, 2012 PAGE 12

Fredric W. (Fred) Harman, Age 51

Other Company Affiliations

Past Company Affiliations

Jan 26, 2012 PAGE 13

Sol Khazani, Age 53

Warren B. (Barry) Phelps, Age 64

Other Company Affiliations

Past Company Affiliations

Jan 26, 2012 PAGE 14

Jeffrey A. Schwartz, Age 45

Past Company Affiliations

Ellen F. Siminoff, Age 43

Other Company Affiliations

Past Company Affiliations

Jan 26, 2012 PAGE 15

Jan 26, 2012 PAGE 16

Jan 26, 2012 PAGE 17

Jan 26, 2012 PAGE 18

Jan 26, 2012 PAGE 19

Jan 26, 2012 PAGE 20

Jan 26, 2012 PAGE 21

Jan 26, 2012 PAGE 22

Annual Income Statement