VISTEON CORP (VC) [Rocket]

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:
Electronics						3,107	3,107	2,386
Other						54	138	200
Total revenues [+]	2,773	2,548	2,945	2,984	3,146	3,161	3,245	2,586
Products	2,773	2,548	2,945	2,984			3,245	2,586
Revenue growth [+]	8.8%	-13.5%	-1.3%	-5.1%	-0.5%	-2.6%	25.5%	50.0%
Electronics						0.0%	30.2%	64.0%
Cost of goods sold	2,519	2,303	2,621	2,573	2,655	2,705	2,815	2,246
Gross profit	254	245	324	411	491	456	430	340
Gross margin	9.2%	9.6%	11.0%	13.8%	15.6%	14.4%	13.3%	13.1%
Selling, general and administrative	175	193	221	193	226	224	245	228
Equity in earnings	6	6	6	13	7	2	7	2
Other operating expenses	-18	-9	-10	-25	-18	12	-27	88
EBITDA [+]	211	171	219	347	377	306	388	296
EBITDA growth	23.4%	-21.9%	-36.9%	-8.0%	23.2%	-21.1%	31.1%	-66.9%
EBITDA margin	7.6%	6.7%	7.4%	11.6%	12.0%	9.7%	12.0%	11.4%
Depreciation and amortization	108	104	100	91	87	84	169	270
EBIT [+]	103	67	119	256	290	222	219	26
EBIT growth	53.7%	-43.7%	-53.5%	-11.7%	30.6%	1.4%	742.3%	-95.9%
EBIT margin	3.7%	2.6%	4.0%	8.6%	9.2%	7.0%	6.7%	1.0%
Non-recurring items [+]	14	76	4	33	18	49	36	54
Asset impairment				4	4
Interest expense, net [+]	8	11	9	7	16	12	14	21
Interest expense	10	16	13	14	21	18	19	25
Interest income	2	5	4	7	5	6	5	4
Other income (expense), net [+]					-33		-100	6
Gain (loss) on sale of business					-33		-105
Gain (loss) on debt retirement							-5	23
Pre-tax income	81	-20	106	216	223	161	69	-43
Income taxes	31	28	24	43	48	30	27	32
Tax rate	38.3%		22.6%	19.9%	21.5%	18.6%	39.1%
Minority interest	9	8	11	10	16	16	44	89
Earnings from continuing ops	41	-56	153	163	159	246	-2	-164
Earnings from discontinued ops			-1	1	17	-40	2,286	-131
Net income	41	-56	152	164	176	206	2,284	-295
Net margin	1.5%	-2.2%	5.2%	5.5%	5.6%	6.5%	70.4%	-11.4%

Basic EPS [+]	$1.46	($2.01)	$5.44	$5.53	$5.03	$7.03	($0.05)	($3.58)
Growth	-173.0%	-136.9%	-1.5%	9.8%	-28.4%	-14965.4%	-98.7%	-138.1%
Diluted EPS [+]	$1.44	($2.01)	$5.43	$5.49	$4.94	$6.95	($0.05)	($3.58)
Growth	-171.9%	-137.0%	-1.1%	11.1%	-28.9%	-15179.7%	-98.7%	-138.9%

Dividends per share [+]				$0.47	$0.03	$49.60
Growth			-100.0%	1399.7%	-99.9%

Shares outstanding (basic) [+]	28	28	28	30	32	35	42	46
Growth	0.4%	-0.7%	-4.7%	-6.6%	-9.7%	-17.3%	-7.6%	-8.4%
Shares outstanding (diluted) [+]	28	28	28	30	32	35	43	46
Growth	1.8%	-1.1%	-5.1%	-7.8%	-9.0%	-18.4%	-5.2%	-10.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.