DELPHI 2013 Annual Report Download - page 134

Download and view the complete annual report

Please find page 134 of the 2013 DELPHI annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 160

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

112
Statement of Operations Year Ended December 31, 2012
Parent
Companies Subsidiary
Issuer Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net sales............................................................. $ — $ — $ 5,482 $ 11,467 $ (1,430) $ 15,519
Operating expenses:
Cost of sales............................................... — — 4,688 9,632 (1,459) 12,861
Selling, general and administrative ........... 222 — 124 583 (2) 927
Amortization.............................................. ——5430—84
Restructuring ............................................. — — 16 155 — 171
Total operating expenses................................... 222 — 4,882 10,400 (1,461) 14,043
Operating (loss) income .................................... (222) — 600 1,067 31 1,476
Interest expense ......................................... (72) (180) (54) (14) 184 (136)
Other income (expense), net...................... 58 97 (1) 35 (184) 5
(Loss) income before income taxes and equity
income ........................................................... (236) (83) 545 1,088 31 1,345
Income tax (expense) benefit..................... (3) 31 (140) (94) (6) (212)
(Loss) income before equity income................. (239) (52) 405 994 25 1,133
Equity in net income of affiliates .............. ———27—27
Equity in net income (loss) of subsidiaries 1,316 409 — — (1,725) —
Net income (loss)............................................... 1,077 357 405 1,021 (1,700) 1,160
Net income attributable to noncontrolling
interest ........................................................... ———83—83
Net income (loss) attributable to Delphi ........... $ 1,077 $ 357 $ 405 $ 938 $ (1,700) $ 1,077
Statement of Operations Year Ended December 31, 2011
Parent
Companies Subsidiary
Issuer Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
(in millions)
Net sales............................................................. $ — $ — $ 5,292 $ 12,225 $ (1,476) $ 16,041
Operating expenses:...........................................
Cost of sales............................................... — — 4,754 10,124 (1,492) 13,386
Selling, general and administrative ........... 118 — 272 511 — 901
Amortization.............................................. ——5326—79
Restructuring ............................................. — — 3 28 — 31
Total operating expenses................................... 118 — 5,082 10,689 (1,492) 14,397
Operating (loss) income .................................... (118) — 210 1,536 16 1,644
Interest expense ......................................... (37) (101) (1) (26) 42 (123)
Other (expense) income, net...................... (38) 27 3 36 (43) (15)
(Loss) income before income taxes and equity
income ........................................................... (193) (74) 212 1,546 15 1,506
Income tax benefit (expense)..................... 3 27 (91) (238) (6) (305)
(Loss) income before equity income................. (190) (47) 121 1,308 9 1,201
Equity in net income of affiliates .............. ———22—22
Equity in net income (loss) of subsidiaries 1,335 121 — — (1,456) —
Net income (loss)............................................... 1,145 74 121 1,330 (1,447) 1,223
Net income attributable to noncontrolling
interest ........................................................... ———78—78
Net income (loss) attributable to Delphi ........... $ 1,145 $ 74 $ 121 $ 1,252 $ (1,447) $ 1,145