DELPHI 2011 Annual Report Download - page 160
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Table of Contents
(2) Includes Delphi's country of domicile, Jersey, and the country of Delphi's principal executive offices, the United Kingdom. The Company had no sales in
Jersey in any period. The Company had net sales of $866 million, $690 million, $159 million, and $394 million in the United Kingdom for the years
ended December 31, 2011 and 2010, and the period from August 19 to December 31, 2009, and the period from January 1 to October 6, 2009
respectively. The Company had net property in the United Kingdom of $138 million, $137 million, and $141 million as of December 31, 2011, 2010 and
2009, respectively.
24. QUARTERLY DATA (UNAUDITED)
The following is a condensed summary of the Company's unaudited quarterly results of continuing operations for fiscal 2011 and 2010.
Three months ended
March 31, June 30, September 30, December 31, Total
(in millions, except per share amounts)
2011
Net sales $ 3,997 $ 4,213 $ 3,931 $ 3,900 $ 16,041
Cost of sales (1) 3,353 3,518 3,294 3,221 13,386
Gross profit $ 644 $ 695 $ 637 $ 679 $ 2,655
Operating income $ 412 $ 428 $ 393 $ 411 $ 1,644
Net income $ 310 $ 316 $ 285 $ 312 $ 1,223
Net income attributable to Delphi $ 291 $ 298 $ 266 $ 290 $ 1,145
Basic and diluted net income per share (2) $ 0.42 $ 0.88 $ 0.79 $ 0.88 $ 2.72
Weighted average shares outstanding 687 338 337 328 421
2010
Net sales $ 3,410 $ 3,446 $ 3,309 $ 3,652 $ 13,817
Cost of sales (1) 2,848 2,903 2,807 3,210 11,768
Gross profit $ 562 $ 543 $ 502 $ 442 $ 2,049
Operating income $ 324 $ 297 $ 206 $ 113 $ 940
Net income $ 235 $ 233 $ 144 $ 91 $ 703
Net income attributable to Delphi $ 215 $ 214 $ 127 $ 75 $ 631
Basic and diluted net income per share (2) $ 0.31 $ 0.31 $ 0.18 $ 0.11 $ 0.92
Weighted average shares outstanding 685 685 687 687 686
(1) Cost of sales for the quarters ended March 31, 2011 and December 31, 2010 included $76 million and $75 million, respectively, of warranty charges. Refer to Note. 10 Warranty
Obligations for more information.
(2) Due to the use of the weighted average shares outstanding for each quarter for computing earnings per share, the sum of the quarterly per share amounts may not equal the per
share amount for the year.
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