DELPHI 2013 Annual Report Download - page 85
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63
DELPHI AUTOMOTIVE PLC
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31,
2013 2012 2011
(in millions, except per share amounts)
Net sales...................................................................................................................... $ 16,463 $ 15,519 $ 16,041
Operating expenses:
Cost of sales......................................................................................................... 13,567 12,861 13,386
Selling, general and administrative...................................................................... 963 927 901
Amortization ........................................................................................................ 104 84 79
Restructuring (Note 10) ....................................................................................... 145 171 31
Total operating expenses............................................................................................. 14,779 14,043 14,397
Operating income........................................................................................................ 1,684 1,476 1,644
Interest expense.................................................................................................... (143)(136)(123)
Other (expense) income, net (Note 19)................................................................ (18) 5 (15)
Income before income taxes and equity income......................................................... 1,523 1,345 1,506
Income tax expense.............................................................................................. (256)(212)(305)
Income before equity income...................................................................................... 1,267 1,133 1,201
Equity income, net of tax..................................................................................... 34 27 22
Net income.................................................................................................................. 1,301 1,160 1,223
Net income attributable to noncontrolling interest ..................................................... 89 83 78
Net income attributable to Delphi............................................................................... $ 1,212 $ 1,077 $ 1,145
Basic net income per share:
Basic net income per share attributable to Delphi ............................................... $ 3.90 $ 3.34 $ 2.72
Weighted average number of basic shares outstanding....................................... 310.82 322.94 421.26
Diluted net income per share:
Diluted net income per share attributable to Delphi............................................ $ 3.89 $ 3.33 $ 2.72
Weighted average number of diluted shares outstanding..................................... 311.80 323.29 421.26
Cash dividends declared per share.............................................................................. $ 0.68 $ — $ —
See notes to consolidated financial statements.