DELPHI 2011 Annual Report Download - page 60

Table of Contents
Results of Operations by Segment
The reconciliation of Adjusted EBITDA to EBITDA includes other transformation and rationalization costs related to 1) the implementation of
information technology systems to support finance, manufacturing and product development initiatives, 2) certain plant consolidations and closures costs and
3) consolidation of many staff administrative functions into a global business service group. The reconciliation of EBITDA to net income (loss) attributable to
Successor/Predecessor follows:
Successor
Electrical/
Electronic
Architecture
Powertrain
Systems
Electronics
and Safety
Thermal
Systems
Eliminations
and Other Total
(in millions)
2010:
Adjusted EBITDA $ 758 $ 423 $ 293 $ 165 $ (6) $ 1,633
Transformation and rationalization charges:
Employee termination benefits and other exit costs (94) (49) (29) (52) — (224)
Other transformation and rationalization costs (14) (13) (17) (4) — (48)
EBITDA $ 650 $ 361 $ 247 $ 109 $ (6) 1,361
Depreciation and amortization (108) (170) (100) (42) (1) (421)
Operating income (loss) $ 542 $ 191 $ 147 $ 67 $ (7) 940
Interest expense (30)
Other income, net 34
Income from continuing operations before income taxes and equity income 944
Income tax expense (258)
Equity income, net of tax 17
Net income $ 703
Net income attributable to noncontrolling interest 72
Net income attributable to Successor $ 631
Successor
Electrical/
Electronic
Architecture
Powertrain
Systems
Electronics
and Safety
Thermal
Systems
Eliminations
and Other Total
(in millions)
August 19 – December 31, 2009:
Adjusted EBITDA $ 155 $ 79 $ 56 $ 21 $ 2 $ 313
Transformation and rationalization charges:
Employee termination benefits and other exit costs (50) (50) (20) (5) (1) (126)
Other transformation and rationalization costs (11) (20) (19) (8) — (58)
EBITDA $ 94 $ 9 $ 17 $ 8 $ 1 129
Depreciation and amortization (31) (52) (39) (17) — (139)
Operating (loss) income $ 63 $ (43) $ (22) $ (9) $ 1 (10)
Interest expense (8)
Other expense, net (17)
Loss from continuing operations before income taxes and equity income (35)
Income tax benefit 27
Equity income, net of tax 5
Net loss $ (3)
Net income attributable to noncontrolling interest 15
Net loss attributable to Successor $ (18)
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