Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| North America | 4,230.0 | 3,602.0 | 4,473.0 | 4,106.0 | 3,688.0 | | 3,210.0 | 3,126.0 |
| Light Vehicle Segment | 3,773.0 | 3,038.0 | 3,609.0 | 3,575.0 | 3,172.0 | | 2,482.0 | 2,496.0 |
| Europe | 2,836.0 | 2,209.0 | 2,606.0 | 2,484.0 | 2,154.0 | | 1,723.0 | 1,978.0 |
| Commercial Vehicle | 1,532.0 | 1,185.0 | 1,599.0 | 1,612.0 | 97.0 | | 95.0 | 92.0 |
| Total revenues | 8,945.0 | 7,106.0 | 8,620.0 | 8,143.0 | 7,209.0 | 5,791.0 | 6,063.0 | 6,654.0 |
| Revenue growth [+] | 25.9% | -17.6% | 5.9% | 13.0% | 24.5% | -4.5% | -8.9% | -1.7% |
| North America | 17.4% | -19.5% | 8.9% | 11.3% | | | 2.7% | 5.7% |
| Light Vehicle Segment | 24.2% | -15.8% | 1.0% | 12.7% | | | -0.6% | 1912.9% |
| Europe | 28.4% | -15.2% | 4.9% | 15.3% | | | -12.9% | -0.8% |
| Commercial Vehicle | 29.3% | -25.9% | -0.8% | 1561.9% | | | 3.3% | -95.1% |
| Asia Pacific | 37.6% | -9.2% | 2.5% | 16.1% | | | 1.1% | -11.0% |
| Cost of goods sold | 8,118.0 | 6,492.0 | 7,494.0 | 6,988.0 | 6,145.0 | 4,992.0 | 5,211.0 | 5,672.0 |
| Gross profit | 827.0 | 614.0 | 1,126.0 | 1,155.0 | 1,064.0 | 799.0 | 852.0 | 982.0 |
| Gross margin | 9.2% | 8.6% | 13.1% | 14.2% | 14.8% | 13.8% | 14.1% | 14.8% |
| Selling, general and administrative | 460.0 | 421.0 | 508.0 | 499.0 | 508.0 | 401.0 | 391.0 | 411.0 |
| Equity in earnings | 28.0 | 20.0 | 30.0 | 24.0 | 19.0 | 14.0 | -34.0 | -13.0 |
| Other operating expenses | -21.0 | -19.0 | 567.0 | 73.0 | 88.0 | 119.0 | 83.0 | 168.0 |
| EBITDA [+] | 805.0 | 597.0 | 420.0 | 877.0 | 720.0 | 475.0 | 518.0 | 603.0 |
| EBITDA growth | 34.8% | 42.1% | -52.1% | 21.8% | 51.6% | -8.3% | -14.1% | -25.4% |
| EBITDA margin | 9.0% | 8.4% | 4.9% | 10.8% | 10.0% | 8.2% | 8.5% | 9.1% |
| Depreciation | 365.0 | 345.0 | 322.0 | 260.0 | 220.0 | 173.0 | 158.0 | 164.0 |
| EBITA | 440.0 | 252.0 | 98.0 | 617.0 | 500.0 | 302.0 | 360.0 | 439.0 |
| EBITA margin | 4.9% | 3.5% | 1.1% | 7.6% | 6.9% | 5.2% | 5.9% | 6.6% |
| Amortization of intangibles | 24.0 | 20.0 | 17.0 | 10.0 | 13.0 | 9.0 | 16.0 | 49.0 |
| EBIT [+] | 416.0 | 232.0 | 81.0 | 607.0 | 487.0 | 293.0 | 344.0 | 390.0 |
| EBIT growth | 79.3% | 186.4% | -86.7% | 24.6% | 66.2% | -14.8% | -11.8% | -28.6% |
| EBIT margin | 4.7% | 3.3% | 0.9% | 7.5% | 6.8% | 5.1% | 5.7% | 5.9% |
| Non-recurring items [+] | -7.0 | 88.0 | -241.0 | 4.0 | -22.0 | -53.0 | -16.0 | 21.0 |
| Asset impairment | | 51.0 | 6.0 | -20.0 | | | -36.0 | |
| Loss (gain) on sale of business | | | | | | -80.0 | | |
| Interest expense, net [+] | 122.0 | 129.0 | 112.0 | 85.0 | 91.0 | 100.0 | 100.0 | 103.0 |
| Interest expense | 131.0 | 138.0 | 122.0 | 96.0 | 102.0 | 113.0 | 113.0 | 118.0 |
| Interest income | 9.0 | 9.0 | 10.0 | 11.0 | 11.0 | 13.0 | 13.0 | 15.0 |
| Other income (expense), net [+] | -57.0 | -28.0 | -39.0 | -24.0 | -38.0 | -31.0 | 32.0 | -6.0 |
| Gain (loss) on debt retirement | -29.0 | -8.0 | -9.0 | | -19.0 | -17.0 | -2.0 | -19.0 |
| Pre-tax income | 244.0 | -13.0 | 171.0 | 494.0 | 380.0 | 215.0 | 292.0 | 260.0 |
| Income taxes | 72.0 | 58.0 | -32.0 | 78.0 | 283.0 | -424.0 | 82.0 | -70.0 |
| Tax rate | 29.5% | | | 15.8% | 74.5% | | 28.1% | |
| Minority interest | | | | | | | | 9.0 |
| Earnings from continuing ops | 200.0 | -51.0 | 233.0 | 440.0 | 116.0 | 653.0 | 176.0 | 327.0 |
| Earnings from discontinued ops | | | | | | | 4.0 | -15.0 |
| Net income | 200.0 | -51.0 | 233.0 | 440.0 | 116.0 | 653.0 | 180.0 | 312.0 |
| Net margin | 2.2% | -0.7% | 2.7% | 5.4% | 1.6% | 11.3% | 3.0% | 4.7% |
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| Basic EPS [+] | $1.38 | ($0.35) | $1.62 | $3.03 | $0.80 | $4.47 | $1.11 | $2.07 |
| Growth | -491.3% | -121.8% | -46.7% | 279.6% | -82.1% | 304.1% | -46.5% | -2624.9% |
| Diluted EPS [+] | $1.37 | ($0.35) | $1.61 | $3.00 | $0.79 | $4.45 | $1.10 | $1.88 |
| Growth | -487.6% | -122.0% | -46.5% | 280.3% | -82.2% | 304.4% | -41.6% | -2399.4% |
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| Dividends per share [+] | $0.40 | $0.10 | $0.40 | $0.40 | $0.24 | $0.24 | $0.23 | $0.20 |
| Growth | 300.0% | -75.0% | 0.0% | 66.7% | 0.0% | 4.3% | 15.0% | 0.0% |
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| Shares outstanding (basic) [+] | 144.8 | 144.5 | 144.0 | 145.0 | 145.1 | 146.0 | 159.0 | 158.0 |
| Growth | 0.2% | 0.3% | -0.7% | -0.1% | -0.6% | -8.2% | 0.6% | 7.9% |
| Shares outstanding (diluted) [+] | 146.2 | 144.5 | 145.1 | 146.5 | 146.9 | 146.8 | 160.0 | 173.5 |
| Growth | 1.2% | -0.4% | -1.0% | -0.3% | 0.1% | -8.2% | -7.8% | 18.5% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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