DELPHI 2011 Annual Report Download - page 61
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Table of Contents
Predecessor
Electrical/
Electronic
Architecture
Powertrain
Systems
Electronics
and Safety
Thermal
Systems
Eliminations
and Other Total
(in millions)
January 1 – October 6, 2009:
Adjusted EBITDA $ (18) $ (9) $ (214) $ 17 $ (5) $ (229)
Transformation and rationalization charges:
Employee termination benefits and other exit costs (99) (45) (91) (11) 11 (235)
Other transformation and rationalization costs (15) (17) (14) (2) (2) (50)
EBITDA $ (132) $ (71) $ (319) $ 4 $ 4 (514)
Depreciation and amortization (147) (163) (177) (53) — (540)
Discontinued operations — — — — (64) (64)
Operating loss $ (279) $ (234) $ (496) $ (49) $ (60) (1,118)
Other income, net 24
Reorganization items 10,210
Income from continuing operations before income taxes and equity loss 9,116
Income tax benefit 311
Equity loss, net of tax (36)
Loss from discontinued operations, net of tax (44)
Net income $ 9,347
Net income attributable to noncontrolling interest 29
Net income attributable to Predecessor $ 9,318
Net sales and gross margin as a percentage of net sales for the year ended December 31, 2010 and periods from August 19 to December 31 and
January 1 to October 6, 2009 by segment are as follows:
Net Sales by Segment
Successor Predecessor Variance due to:
Year ended
December 31,
2010
Period
from
August 19
to
December 31,
2009
Period
from
January 1
to
October 6,
2009
2010 versus
full year 2009
favorable/
(unfavorable)
Operations
not
acquired
Volume, net
of
contractual
price
reductions
Commodity
pass-
through FX Other Total
(in millions) (in millions) (in millions)
Electrical/ Electronic Architecture $ 5,620 $ 1,325 $ 2,970 $ 1,325 $ — $ 1,215 $ 135 $ (26) $ 1 $ 1,325
Powertrain Systems 4,086 957 2,667 462 (384) 879 — (36) 3 462
Electronics and Safety 2,721 761 1,801 159 (96) 294 — (38) (1) 159
Thermal Systems 1,603 365 1,008 230 (172) 384 10 8 — 230
Eliminations and Other (213) 13 (112) (114) 13 (47) — 1 (81) (114)
Total $ 13,817 $ 3,421 $ 8,334 $ 2,062 $ (639) $ 2,725 $ 145 $ (91) $ (78) $ 2,062
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