DELPHI 2011 Annual Report Download - page 37

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data of the Successor and the Predecessor have been derived from the audited consolidated financial
statements of the Successor and the Predecessor and should be read in conjunction with, and are qualified by reference to, Item 7. Management's Discussion
and Analysis of Financial Condition and Results of Operations and the consolidated financial statements and notes thereto included elsewhere in this Annual
Report. The financial information presented may not be indicative of our future performance.
Successor Predecessor (1)
Year ended December 31,
Period
from
August 19
to
December 31,
2009
Period from
January 1 to
October 6,
2009
Year ended December 31,
2011 2010 2008 2007
(dollars and shares in millions, except per share
data)
(dollars and shares in millions, except per share
data)
Statements of operations data:
Net sales $ 16,041 $ 13,817 $ 3,421 $ 8,334 $ 16,808 $ 19,526
Depreciation and amortization 475 421 139 540 822 871
Operating income (loss) 1,644 940 (10) (1,118) (1,425) (1,557)
Interest expense (123) (30) (8) — (434) (764)
Reorganization items, net — — — 10,210 5,147 (163)
Income (loss) from continuing operations 1,223 703 (3) 9,391 3,163 (1,855)
Net income (loss) 1,223 703 (3) 9,347 3,066 (2,997)
Net income attributable to noncontrolling interests 78 72 15 29 29 68
Net income (loss) attributable to Successor/Predecessor 1,145 631 (18) 9,318 3,037 (3,065)
Net income (loss) per share data:
Income (loss) from continuing operations attributable to Successor/Predecessor $ 2.72 $ 0.92 $ (0.03) $ 16.58 $ 5.55 $ (3.41)
Loss from discontinued operations attributable to Successor/Predecessor — — — (0.08) (0.17) (2.04)
Basic and diluted income (loss) per share attributable to Successor/Predecessor $ 2.72 $ 0.92 $ (0.03) $ 16.50 $ 5.38 $ (5.45)
Weighted average shares outstanding 421 686 685 565 565 562
Other financial data:
Capital expenditures $ 630 $ 500 $ 88 $ 321 $ 771 $ 577
EBITDA(2) 2,119 1,361 129 (514) (211) (384)
Adjusted EBITDA(2) 2,150 1,633 313 (229) 269 731
EBITDA margin(3) 13.2% 9.9% 3.8% (6.2)% (1.3)% (2.0)%
Adjusted EBITDA margin(3) 13.4% 11.8% 9.1% (2.7)% 1.6% 3.7%
Net cash provided by (used in) operating activities 1,377 1,142 159 (257) 455 (98)
Net cash (used in) provided by investing activities (10) (911) 885 (1,052) (958) (530)
Net cash (used in) provided by financing activities (3,194) (126) 2,062 315 465 (58)
Successor Predecessor(1)
As of
December 31,
2011
As of
December 31,
2010
As of
December 31,
2009
As of
December 31,
2008
As of
December 31,
2007
(in millions) (in millions)
Balance sheet and employment data:
Cash and cash equivalents $ 1,363 $ 3,219 $ 3,107 $ 959 $ 1,036
Total assets $ 9,128 $ 11,082 $ 10,307 $ 10,306 $ 13,667
Total debt $ 2,103 $ 289 $ 396 $ 4,229 $ 3,554
Working capital(4) $ 1,116 $ 1,059 $ 1,217 $ 1,838 $ 2,772
Liabilities subject to compromise $ — $ — $ — $ 14,583 $ 16,197
Shareholders' deficit N/A N/A N/A $ (14,266) $ (13,284)
Shareholders' equity $ 2,171 $ 6,099 $ 5,366 N/A N/A
Global employees(5) 104,000 99,700 104,800 146,600 169,500
(1) The Predecessor adopted the accounting guidance in Financial Accounting Standards Board Accounting Standards Codification ("FASB ASC") 852,
Reorganizations, effective October 8, 2005 and has segregated in the financial statements for all reporting periods subsequent to such date and through
the consummation of the transactions pursuant to the Modified Plan (as defined in Note 1.
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