DELPHI 2013 Annual Report Download - page 62

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40
Net sales, gross margin as a percentage of net sales and Adjusted EBITDA by segment for the years ended December 31,
2013 and 2012 are as follows:
Net Sales by Segment
Year Ended December 31, Variance Due To:
2013 2012 Favorable/
(unfavorable)
Volume, net
of
contractual
price
reductions FX
Commodity
Pass-
through Other Total
(in millions) (in millions)
Electrical/Electronic
Architecture............................. $ 7,972 $ 6,815 $ 1,157 $ 428 $ 19 $ (32) $ 742 $ 1,157
Powertrain Systems................. 4,424 4,656 (232)(277) 39 — 6 (232)
Electronics and Safety............. 2,830 2,732 98 54 39 — 5 98
Thermal Systems..................... 1,468 1,541 (73)(28) 3 — (48)(73)
Eliminations and Other ........... (231) (225) (6)(1)(1) — (4)(6)
Total................................. $16,463 $15,519 $ 944 $ 176 $ 99 $ (32) $ 701 $ 944
Included in Other above are increased sales of approximately $695 million related to the net impact of acquisitions and
divestitures.
Gross Margin Percentage by Segment
Year Ended December
31,
2013 2012
Electrical/Electronic Architecture ............................................................................................................. 18.3% 17.0%
Powertrain Systems ................................................................................................................................... 18.7% 19.2%
Electronics and Safety............................................................................................................................... 17.3% 16.3%
Thermal Systems ....................................................................................................................................... 8.0% 10.2%
Eliminations and Other.............................................................................................................................. —% —%
Total.................................................................................................................................................... 17.6% 17.1%
Adjusted EBITDA by Segment
Year Ended December 31, Variance Due To:
2013 2012 Favorable/
(unfavorable)
Volume, net
of
contractual
price
reductions Operational
performance Other Total
(in millions) (in millions)
Electrical/Electronic Architecture ............... $1,237 $ 945 $ 292 $ 41 $ 93 $ 158 $ 292
Powertrain Systems ..................................... 671 723 (52)(164) 109 3 (52)
Electronics and Safety................................. 396 363 33 (68) 93 8 33
Thermal Systems ......................................... 80 111 (31)(38) 25 (18)(31)
Eliminations and Other................................ — — — 1 — (1) —
Total...................................................... $2,384 $2,142 $ 242 $ (228) $ 320 $ 150 $ 242
As noted in the table above, Adjusted EBITDA for the year ended December 31, 2013 as compared to the year ended
December 31, 2012 was impacted by volume and contractual price reductions, including product mix, and operational
performance improvements, as well as the following items included in Other in the table above:
• $6 million of increase due to fluctuations in foreign currency exchange rates.
• $173 million of increase due to acquisitions/divestitures primarily related to the October 2012 MVL acquisition.