Why is addition as fast as bit-wise operations in modern processors?

Question

I know that bit-wise operations are so fast on modern processors, because they can operate on 32 or 64 bits on parallel, so bit-wise operations take only one clock cycle. However addition is a complex operation that consists of at least one and possibly up to a dozen bit-wise operations, so I naturally thought it will be 3-4 times slower. I was surprised to see after a simple benchmark that addition is exactly as fast as any of the bit-wise operations(XOR, OR, AND etc). Can anyone shed light on this?