DELPHI 2011 Annual Report Download - page 82
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Table of Contents
DELPHI AUTOMOTIVE PLC
CONSOLIDATED STATEMENTS OF OPERATIONS
Successor Predecessor
Year ended
December 31,
2011
Year ended
December 31,
2010
Period from
August 19 to
December 31,
2009
Period from
January 1 to
October 6, 2009
(in millions, except per share amounts)
(in millions, except
per share amounts)
Net sales: $ 16,041 $ 13,817 $ 3,421 $ 8,334
Operating expenses:
Cost of sales 13,386 11,768 3,047 8,480
Selling, general and administrative 901 815 242 734
Amortization (Note 8) 79 70 16 3
Restructuring (Note 11) 31 224 126 235
Total operating expenses 14,397 12,877 3,431 9,452
Operating income (loss) 1,644 940 (10) (1,118)
Interest expense (Note 2) (123) (30) (8) —
Other (expense) income, net (Note 18) (15) 34 (17) 24
Reorganization items, net (Note 1) — — — 10,210
Income (loss) from continuing operations before income taxes and equity income
(loss) 1,506 944 (35) 9,116
Income tax (expense) benefit (305) (258) 27 311
Income (loss) from continuing operations before equity income (loss) 1,201 686 (8) 9,427
Equity income (loss), net of tax 22 17 5 (36)
Income (loss) from continuing operations 1,223 703 (3) 9,391
Loss from discontinued operations, net of tax — — — (44)
Net income (loss) 1,223 703 (3) 9,347
Net income attributable to noncontrolling interest 78 72 15 29
Net income (loss) attributable
to Successor/Predecessor $ 1,145 $ 631 $ (18) $ 9,318
Amounts attributable to Successor/Predecessor:
Income (loss) from continuing operations $ 1,145 $ 631 $ (18) $ 9,363
Discontinued operations (Note 20) — — — (45)
Net income (loss) attributable to Successor/Predecessor $ 1,145 $ 631 $ (18) $ 9,318
Net income (loss) per share:
Basic and diluted income (loss) per share attributable to Successor $2.72 $ 0.92 $ (0.03) N/A
Weighted average shares outstanding 421 686 685 N/A
Income from continuing operations attributable to Predecessor N/A N/A N/A $ 16.58
Loss from discontinued operations attributable to Predecessor N/A N/A N/A (0.08)
Basic and diluted income per share attributable to Predecessor N/A N/A N/A $ 16.50
Weighted average shares outstanding N/A N/A N/A 565
See notes to consolidated financial statements.
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