DELPHI 2015 Annual Report Download - page 146

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Table of Contents
124
Statement of Operations Year Ended December 31, 2014
Parent
Subsidiary
Guarantors
Subsidiary
Issuer/
Guarantor
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net sales................................................................. $ — $ — $ — $ 15,499 $ — $ 15,499
Operating expenses:
Cost of sales...................................................... — — — 12,471 — 12,471
Selling, general and administrative .................. 51 — — 985 — 1,036
Amortization..................................................... — — — 94 — 94
Restructuring .................................................... — — — 140 — 140
Total operating expenses........................................ 51 — — 13,690 — 13,741
Operating (loss) income......................................... (51) — — 1,809 — 1,758
Interest (expense) income................................. (24) (33) (188) (74) 184 (135)
Other income (expense), net............................. 6 68 25 78 (185) (8)
(Loss) income from continuing operations before
income taxes and equity income........................ (69) 35 (163) 1,813 (1) 1,615
Income tax benefit (expense)............................ — — 60 (315) — (255)
(Loss) income from continuing operations before
equity income..................................................... (69) 35 (103) 1,498 (1) 1,360
Equity in net income of affiliates ..................... — — — 20 — 20
Equity in net income (loss) of subsidiaries....... 1,420 1,385 315 — (3,120) —
Income (loss) from continuing operations 1,351 1,420 212 1,518 (3,121) 1,380
Income from discontinued operations, net of tax... — — — 60 — 60
Net income (loss) ................................................... 1,351 1,420 212 1,578 (3,121) 1,440
Net income attributable to noncontrolling interest — — — 89 — 89
Net income (loss) attributable to Delphi................ $ 1,351 $ 1,420 $ 212 $ 1,489 $ (3,121) $ 1,351
Statement of Operations Year Ended December 31, 2013
Parent
Subsidiary
Guarantors
Subsidiary
Issuer/
Guarantor
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net sales................................................................. $ — $ — $ — $ 15,051 $ — $ 15,051
Operating expenses:
Cost of sales...................................................... — — — 12,274 — 12,274
Selling, general and administrative .................. 87 — — 829 — 916
Amortization..................................................... — — — 97 — 97
Restructuring .................................................... — — — 137 — 137
Total operating expenses........................................ 87 — — 13,337 — 13,424
Operating (loss) income......................................... (87) — — 1,714 — 1,627
Interest (expense) income................................. (25) (33) (194) (75) 184 (143)
Other income (expense), net............................. 6 67 25 68 (184) (18)
(Loss) income from continuing operations before
income taxes and equity income........................ (106) 34 (169) 1,707 — 1,466
Income tax (expense) benefit............................ (5) — 62 (297) — (240)
(Loss) income from continuing operations before
equity income..................................................... (111) 34 (107) 1,410 — 1,226
Equity in net income of affiliates ..................... — — — 15 — 15
Equity in net income (loss) of subsidiaries....... 1,323 1,289 326 — (2,938) —
Income (loss) from continuing operations 1,212 1,323 219 1,425 (2,938) 1,241
Income from discontinued operations, net of tax... — — — 60 — 60
Net income (loss) ................................................... 1,212 1,323 219 1,485 (2,938) 1,301
Net income attributable to noncontrolling interest — — — 89 — 89
Net income (loss) attributable to Delphi................ $ 1,212 $ 1,323 $ 219 $ 1,396 $ (2,938) $ 1,212