DELPHI 2011 Annual Report Download - page 149

Table of Contents
Statement of Operations Period from August 19 to December 31, 2009
Parent
Companies
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net sales $ — $ — $ 1,178 $ 2,588 $ (345) $ 3,421
Operating expenses:
Cost of sales — — 1,135 2,256 (344) 3,047
Selling, general and administrative 4 3 98 139 (2) 242
Amortization — — 10 6 — 16
Restructuring — — 26 100 — 126
Total operating expenses 4 3 1,269 2,501 (346) 3,431
Operating (loss) income (4) (3) (91) 87 1 (10)
Interest expense — — (1) (6) (1) (8)
Other (expense) income, net (19) 1 6 (5) — (17)
(Loss) income before income taxes and equity income (loss) (23) (2) (86) 76 — (35)
Income tax benefit (expense) 1 — 37 (11) — 27
(Loss) income before equity income (22) (2) (49) 65 — (8)
Equity in net income of affiliates — — — 5 — 5
Equity in net income (loss) of subsidiaries 4 (49) — — 45 —
Net (loss) income (18) (51) (49) 70 45 (3)
Net income attributable to noncontrolling interest — — — 15 — 15
Net (loss) income attributable to Delphi $ (18) $ (51) $ (49) $ 55 $ 45 $ (18)
Statement of Comprehensive Income Year Ended December 31, 2011
Parent
Companies
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net income (loss) $ 1,145 $ 74 $ 121 $ 1,330 $ (1,447) $ 1,223
Other comprehensive (loss) income:
Currency translation adjustments — — — (94) — (94)
Net change in unrecognized gain (loss) on derivative instruments, net of tax — — (98) — — (98)
Employee benefit plans adjustment, net of tax — — (4) (73) — (77)
Other comprehensive (loss) income — — (102) (167) — (269)
Equity in other comprehensive (loss) income of subsidiaries (274) (102) — — 376 —
Comprehensive income 871 (28) 19 1,163 (1,071) 954
Comprehensive income attributable to noncontrolling interests — — — 83 — 83
Comprehensive income attributable to Successor/Predecessor $ 871 $ (28) $ 19 $ 1,080 $ (1,071) $ 871
Statement of Comprehensive Income Year Ended December 31, 2010
Parent
Companies
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net income (loss) $ 631 $ 233 $ 233 $ 577 $ (971) $ 703
Other comprehensive (loss) income:
Currency translation adjustments — — — (4) — (4)
Net change in unrecognized gain (loss) on derivative instruments, net of tax — — 48 — — 48
Employee benefit plans adjustment, net of tax — — — 26 — 26
Other comprehensive (loss) income — — 48 22 — 70
Equity in other comprehensive income (loss) of subsidiaries 67 48 — — (115) —
Comprehensive income 698 281 281 599 (1,086) 773
Comprehensive income attributable to noncontrolling interests — — — 75 — 75
Comprehensive income attributable to Successor/Predecessor $ 698 $ 281 $ 281 $ 524 $ (1,086) $ 698
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