DELPHI 2015 Annual Report Download - page 159

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Table of Contents
137
24. QUARTERLY DATA (UNAUDITED)
The following is a condensed summary of the Company’s unaudited quarterly results of continuing operations for fiscal
2015 and 2014. Previously reported 2014 quarterly amounts have been revised to reflect the retrospective application of the
classification of the Thermal Systems segment as a discontinued operation. Refer to Note 25. Discontinued Operations for
additional information.
Three Months Ended
March 31, June 30, September 30, December 31, Total
(in millions, except per share amounts)
2015
Net sales................................................................................. $ 3,797 $ 3,858 $ 3,631 $ 3,879 $ 15,165
Cost of sales........................................................................... 3,056 3,076 2,862 3,161 12,155
Gross profit ......................................................................... $ 741 $ 782 $ 769 $ 718 $ 3,010
Operating income (1)............................................................. $ 446 $ 481 $ 461 $ 335 $ 1,723
Income from continuing operations....................................... 304 369 364 224 1,261
(Loss) income from discontinued operations, net of tax (2) .(75) 298 54 (3) 274
Net income (3) .................................................................... $ 229 $ 667 $ 418 $ 221 $ 1,535
Net income attributable to Delphi ......................................... $ 209 $ 645 $ 404 $ 192 $ 1,450
Basic net income (loss) per share:
Continuing operations (4) $ 0.99 $ 1.22 $ 1.24 $ 0.71 $ 4.16
Discontinued operations (4) (0.27) 1.02 0.19 (0.02) 0.92
Basic net income per share attributable to Delphi (4) ........ $ 0.72 $ 2.24 $ 1.43 $ 0.69 $ 5.08
Weighted average number of basic shares outstanding...... 290.90 287.77 282.97 279.29 285.20
Diluted net income (loss) per share:
Continuing operations (4) ................................................... $ 0.99 $ 1.21 $ 1.23 $ 0.70 $ 4.14
Discontinued operations (4)................................................ (0.27) 1.02 0.19 (0.02) 0.92
Diluted net income per share attributable to Delphi (4) ..... $ 0.72 $ 2.23 $ 1.42 $ 0.68 $ 5.06
Weighted average number of diluted shares outstanding ... 291.81 288.85 284.40 281.64 286.64
2014
Net sales................................................................................. $ 3,897 $ 4,062 $ 3,762 $ 3,778 $ 15,499
Cost of sales........................................................................... 3,164 3,262 3,041 3,004 12,471
Gross profit ......................................................................... $ 733 $ 800 $ 721 $ 774 $ 3,028
Operating income .................................................................. $ 440 $ 462 $ 392 $ 464 $ 1,758
Income from continuing operations....................................... 326 379 313 362 1,380
Income from discontinued operations, net of tax .................. 15 27 12 6 60
Net income (5) .................................................................... $ 341 $ 406 $ 325 $ 368 $ 1,440
Net income attributable to Delphi ......................................... $ 320 $ 382 $ 305 $ 344 $ 1,351
Basic net income per share:
Continuing operations (4) $ 1.02 $ 1.19 $ 1.00 $ 1.16 $ 4.36
Discontinued operations (4) 0.03 0.07 0.02 0.01 0.14
Basic net income per share attributable to Delphi (4) ........ $ 1.05 $ 1.26 $ 1.02 $ 1.17 $ 4.50
Weighted average number of basic shares outstanding...... 305.85 302.68 298.59 294.11 300.27
Diluted net income per share:
Continuing operations (4) ................................................... $ 1.01 $ 1.19 $ 1.00 $ 1.15 $ 4.34
Discontinued operations (4)................................................ 0.03 0.07 0.02 0.01 0.14
Diluted net income per share attributable to Delphi (4) ..... $ 1.04 $ 1.26 $ 1.02 $ 1.16 $ 4.48
Weighted average number of diluted shares outstanding ... 306.89 303.74 300.14 296.93 301.89
(1) In the fourth quarter of 2015, Delphi recorded restructuring charges totaling $108 million, which includes employee-related and other costs.