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Business Highlights
2014 2013 2012 2011 2010
Global Retail Sales
Total 2,907 2,746 2,709 2,478 2,088
Korea 465 458 481 492 483
Overseas 2,442 2,289 2,228 1,986 1,605
(Unit: thousand vehicles)
16.0
22.2
12.1
29.7
Portion
(%) 20.0
56.1
12.0
21.2
10.7
Portion
(%)
56.2
12.1
21.1
10.6
Portion
(%)
2,907
Total
3,041
Total
3,050
Total
Sales by Region
(Unit: thousand vehicles)
Sales by Plant
(Unit: thousand vehicles)
Production by Plant
(Unit: thousand vehicles)
862
Rest of World
354
Europe
646
China
580
US
465
Korea
1,706
323
366
Korea
Slovakia
646
China
US
1,713
324
644
369
Korea
Slovakia
China
US
* Europe = EU+EFTA countries
Financial Highlights
2014 2013 2012 2011 2010
Consolidated Statement of Financial Position*
Total Assets 41,044,202 36,182,040 32,398,314 30,255,179 26,275,144
Cash Items (Liquidity) 7,373,413 6,346,643 4,270,539 3,934,169 2,914,146
Current Assets 16,655,401 13,472,386 11,139,430 11,075,187 9,763,671
Total Liabilities 18,560,337 15,927,245 15,550,252 16,745,469 16,027,027
Short-term Debt 1,808,930 1,640,958 1,404,947 3,104,071 3,585,210
Current Liabilities 11,974,338 10,806,238 10,000,239 11,421,924 11,627,539
Long-term Debt 2,882,263 1,698,194 2,471,132 2,503,230 2,755,446
Total Debt 4,691,193 3,339,152 3,876,079 5,607,300 6,340,656
Net Debt -2,682,220 -3,007,491 -394,460 1,673,132 3,426,510
Total Stockholders’ Equity 22,483,865 20,254,795 16,848,062 13,509,709 10,248,117
Total Liabilities & Stockholders’ Equity 41,044,202 36,182,040 32,398,314 30,255,179 26,275,144
Liability-to-Equity Ratio 82.60% 78.60% 92.30% 124.00% 156.40%
Debt-to-Equity Ratio 20.90% 16.50% 23.00% 41.50% 61.90%
Net Debt-to-Equity Ratio -11.90% -14.80% -2.30% 12.40% 33.40%
Consolidated Statement of Income*
Revenue 47,097,049 47,597,897 47,242,933 43,190,942 35,826,955
Cost of Sales 37,754,115 37,511,941 36,536,005 33,138,961 27,905,367
Cost of Sales (%) 80.20% 78.80% 77.30% 76.70% 77.90%
Gross Prot 9,342,934 10,085,956 10,706,928 10,051,981 7,921,588
Operating Prot 2,572,549 3,177,100 3,522,251 3,499,088 2,369,852
Margin (%) 5.50% 6.70% 7.50% 8.10% 6.60%
Pretax Prot 3,816,316 4,828,576 5,164,056 4,721,650 3,323,048
Net Prot 2,993,593 3,817,059 3,864,704 3,519,236 2,698,331
Margin (%) 6.40% 8.00% 8.20% 8.10% 7.50%
Consolidated Statement of Cash Flows*
Cash Flows from Operating Activities 2,363,825 4,776,593 4,345,425 4,745,189 5,272,537
Cash Flows from Investing Activities -2,983,406 -3,513,940 -2,842,577 -2,630,548 -2,296,053
Cash Flows from Financing Activities -986,491 -791,207 -1,810,114 -1,440,956 -3,343,298
Cash and Cash Equivalents, Beginning of Year 2,311,264 1,903,309 2,304,169 1,615,879 2,001,225
Net Increase (Decrease) 167,206 407,955 -400,860 688,290 -385,346
Cash and Cash Equivalents, End of Year 2,478,470 2,311,264 1,903,309 2,304,169 1,615,879
Credit Rating
Domestic KIS AA+ AA+ AA+ AA AA
KOREA Rating AA+ AA+ AA+ AA AA
Overseas Moody’s Baa1 Baa1 Baa1 Baa2 Baa3
S&P A- BBB+ BBB+ BBB BBB
(KRW in millions)
(KRW in millions)
(KRW in millions)
* Consolidated data based on K-GAAP for 2010 and K-IFRS for 2011-2014
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Annual Report 2014