DELPHI 2013 Annual Report Download - page 61

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restructuring and other acquisition-related costs. Segment Adjusted EBITDA and EBITDA should not be considered substitutes
for results prepared in accordance with U.S. GAAP and should not be considered alternatives to net income attributable to
Delphi, which is the most directly comparable financial measure to Adjusted EBITDA and EBITDA that is in accordance with
U.S. GAAP. Segment Adjusted EBITDA and EBITDA, as determined and measured by Delphi, should also not be compared to
similarly titled measures reported by other companies.
The reconciliation of Adjusted EBITDA to EBITDA includes restructuring and other acquisition-related costs. The
reconciliation of Adjusted EBITDA to net income attributable to Delphi for the years ended December 31, 2013 and 2012 are
as follows:
Electrical/
Electronic
Architecture Powertrain Systems Electronics and Safety Thermal Systems Eliminations and Other Total
(in millions)
For the Year Ended December 31, 2013:
Adjusted EBITDA........................... $ 1,237 $ 671 $ 396 $ 80 $ — $ 2,384
Restructuring ............................ (28) (52)(56)(9) — (145)
Other acquisition-related costs .(15) — — — — (15)
EBITDA........................................... $ 1,194 $ 619 $ 340 $ 71 $ — $ 2,224
Depreciation and amortization ........ (236) (188)(73)(43) — (540)
Operating income..................... $ 958 $ 431 $ 267 $ 28 $ — 1,684
Interest expense ............................... (143)
Other (expense), net......................... (18)
Income before income taxes and
equity income .................................. 1,523
Income tax expense ......................... (256)
Equity income, net of tax................. 34
Net income....................................... $ 1,301
Net income attributable to
noncontrolling interest..................... 89
Net income attributable to Delphi ... $ 1,212
Electrical/
Electronic
Architecture Powertrain Systems Electronics and Safety Thermal Systems Eliminations and Other Total
(in millions)
For the Year Ended December 31, 2012:
Adjusted EBITDA........................... $ 945 $ 723 $ 363 $ 111 $ — $ 2,142
Restructuring............................. (49) (25)(89)(8) — (171)
Other acquisition-related costs .(9) — — — — (9)
EBITDA........................................... $ 887 $ 698 $ 274 $ 103 $ — $ 1,962
Depreciation and amortization ........ (164) (182)(97)(43) — (486)
Operating income..................... $ 723 $ 516 $ 177 $ 60 $ — 1,476
Interest expense ............................... (136)
Other income, net ............................ 5
Income before income taxes and
equity income .................................. 1,345
Income tax expense ......................... (212)
Equity income, net of tax................. 27
Net income....................................... $ 1,160
Net income attributable to
noncontrolling interest..................... 83
Net income attributable to Delphi ... $ 1,077