Chrysler 2012 Annual Report Download - page 56

55
Report on Operations
31.12.2012 31.12.2011
(€ million)
Fiat
with
Chrysler Chrysler
Fiat
excluding
Chrysler
Fiat
with
Chrysler Chrysler
Fiat
excluding
Chrysler
Debt: (27,889) (10,312) (17,586) (26,772) (10,537) (16,245)
Asset-backed financing (449) - (449) (710) (31) (679)
Other debt (27,440) (10,312) (17,137) (26,062) (10,506) (15,566)
Current financial receivables from jointly-controlled financial services companies (a) 58 - 58 21 - 21
Intersegment financial receivables (b) - 9 - - 10 -
Debt, net of current financial receivables from
jointly-controlled financial services companies (27,831) (10,303) (17,528) (26,751) (10,527) (16,224)
Other financial assets (c) 519 45 474 557 127 430
Other financial liabilities (c) (201) (42) (159) (429) (100) (329)
Current securities 256 - 256 199 - 199
Cash and cash equivalents 17,657 8,803 8,854 17,526 7,420 10,106
Net debt (9,600) (1,497) (8,103) (8,898) (3,080) (5,818)
Industrial Activities (6,545) (1,497) (5,048) (5,529) (3,080) (2,449)
Financial Services (3,055) - (3,055) (3,369) - (3,369)
Cash, cash equivalents and current securities 17,913 8,803 9,110 17,725 7,420 10,305
Undrawn committed credit lines 2,935 985 1,950 2,955 1,005 1,950
Total available liquidity 20,848 9,788 11,060 20,680 8,425 12,255
(a) Includes current financial receivables from FGA Capital Group.
(b) Includes value of intercompany agreements recognized as finance leases (IFRIC 4).
(c) Includes fair value of derivative financial instruments.
Debt increased €1.1 billion over year-end 2011 to €27.9 billion. Excluding Chrysler, debt amounted to €17.6 billion: the decrease in asset-backed
financing (-€0.2 billion) only partially offset the increase in other debt (+€1.6 billion) resulting from the €2.5 billion in new bond issuances net of
repayments totaling approximately €1.5 billion, in addition to net increases in bank loans and other financing of approximately €0.6 billion.
At 31 December 2012, cash, cash equivalents and current securities totaled €17.9 billion, of which €8.8 billion related to Chrysler. Excluding
Chrysler, cash, cash equivalents and current securities totaled €9.1 billion. The decrease of approximately €1.2 billion over 31 December 2011 was due
to operating requirements and capital expenditure for the year, only partially offset by the increase in external funding. For Chrysler, there was an increase
of €1.4 billion, driven by strong cash flow from operations.
Total available liquidity, inclusive of undrawn committed credit lines (€1.95 billion for Fiat excluding Chrysler and around €1 billion for Chrysler), totaled
€20.8 billion, of which €9.8 billion related to Chrysler (€8.4 billion at 31 December 2011) and €11.1 billion to Fiat excluding Chrysler (€12.3 billion at 31
December 2011).