AUTOLIV, INC. ALV Income Statement

Autoliv, inc. (ALV)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net sales
8,219	8,547	8,549	8,554	8,611	8,678	8,077	7,997	7,769	8,136	6,996	7,505	8,099	7,921	9,989	9,712	9,425	9,169	9,003	9,027	9,118	9,240	9,238	9,149	8,964	8,803	8,503	8,331	8,222	8,266	8,259	8,330	8,302	8,232	8,095	7,818	7,558	7,170	6,589	6,041	0	0	0
Cost of sales
6,682	6,963	6,966	6,964	6,981	6,966	6,464	6,375	6,172	6,457	5,538	5,946	6,430	6,293	7,945	7,724	7,503	7,325	7,212	7,249	7,337	7,436	7,447	7,380	7,228	7,098	6,858	6,703	6,603	6,620	6,579	6,626	6,599	6,504	6,373	6,134	5,883	5,578	5,181	4,820	0	0	0
- Airbag products
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
- Seatbelt products
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gross profit
1,536	1,584	1,582	1,589	1,629	1,711	1,613	1,621	1,597	1,679	1,457	1,558	1,669	1,628	2,043	1,988	1,921	1,844	1,791	1,777	1,781	1,803	1,790	1,769	1,735	1,704	1,645	1,627	1,619	1,646	1,679	1,703	1,703	1,727	1,721	1,684	1,674	1,592	1,408	1,220	0	0	0
Selling, general and administrative expenses
391	398	399	391	390	390	375	382	387	406	366	386	401	394	458	443	424	411	409	409	413	414	411	404	396	389	377	372	369	366	367	370	371	368	365	350	337	327	315	313	0	0	0
Research, development and engineering expenses, net
400	405	408	411	411	412	317	308	286	370	238	310	391	357	627	592	556	523	520	525	519	535	522	506	502	489	485	461	458	455	455	462	453	441	423	408	384	361	356	352	0	0	0
Amortization of intangibles
11	11	11	11	11	11	-7	-7	-7	11	5	15	24	10	40	32	23	19	14	14	15	16	17	18	19	20	21	20	20	20	19	19	19	18	17	18	17	18	19	20	0	0	0
Other income (expense), net
-46	-42	-246	-219	-200	-211	-8	-44	-46	-31	-20	4	-8	-34	-27	-63	-64	-161	-183	-147	-222	-114	-131	-123	-46	-43	-28	-35	-36	-98	-81	-78	-71	-9	-7	-2	-7	-16	-30	-63	0	0	0
Operating income
686	725	517	556	615	686	920	894	885	859	826	850	843	831	890	857	853	727	663	680	610	722	708	716	770	761	733	738	734	705	755	772	787	889	907	904	928	869	686	472	0	0	0
Income from equity method investment
1	2	2	2	3	3	3	3	2	1	2	2	2	2	2	2	4	4	4	5	6	6	7	8	7	7	8	8	7	8	6	7	7	6	7	6	8	5	5	4	0	0	0
Interest income
3	3	5	6	6	6	5	6	7	7	7	6	5	4	4	3	3	2	2	3	4	4	5	4	4	3	3	3	3	3	3	4	4	4	4	3	3	3	3	3	0	0	0
Interest expense
67	69	72	74	70	66	60	57	58	61	62	62	62	62	62	62	63	65	67	71	72	63	53	42	33	32	33	36	37	41	47	52	59	62	60	57	55	54	59	63	0	0	0
Other non-operating items, net
-18	-13	-12	-12	-17	-18	-12	-11	-9	-15	-19	-7	0	8	6	6	4	5	11	1	-1	-3	-23	-22	-15	-5	3	8	3	-6	8	4	3	4	-4	-6	-6	-6	-9	-7	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-
Income before income taxes
606	648	440	477	537	612	856	835	826	792	754	789	788	784	840	807	801	675	614	618	547	667	658	678	748	734	709	707	697	668	709	727	729	828	848	845	866	805	613	396	0	0	0
Income tax expense
179	185	226	231	207	234	182	173	221	204	227	232	219	224	237	240	246	218	194	191	173	198	236	238	252	244	180	185	188	183	204	200	183	201	202	197	216	210	163	107	0	0	0
Income from continuing operations
-	-	214	246	-	377	576	594	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-193	-213	-221	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
426	462	216	248	172	183	218	189	283	303	502	550	570	561	603	566	555	457	419	427	373	469	421	439	495	489	529	522	509	485	505	526	545	627	646	648	649	595	450	288	0	0	0
Less: Net income from continuing operations attributable to non-controlling interest
-	-	1	1	-	1	1	1	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net loss from discontinued operations attributable to non-controlling interest
-	-	-	-	-	-8	-11	-13	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to non-controlling interest
0	-	-	-	0	-	-	-	-	-	-	-	-7	-	-1	0	1	0	0	0	0	1	2	3	3	4	4	4	3	2	2	2	3	3	3	4	4	4	4	3	0	0	0
Net income attributable to controlling interest
424	461	214	247	175	190	344	317	409	427	512	559	577	567	604	566	554	456	419	427	373	467	419	436	492	485	524	518	506	483	502	523	542	623	642	644	645	590	445	285	0	0	0
Amounts attributable to controlling interest:
Net income from continuing operations
-	-	212	245	-	375	574	592	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations
-	-	-	-	-	-185	-202	-208	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to controlling interest
424	461	214	247	175	190	372	384	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share continuing operations - basic
-	-	0.98	1.25	-	-1.06	1.35	2.21	1.82	-	1.22	1.54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss per share discontinuing operations - basic
-	-	-	-	-	0.02	-0.01	-1.78	-0.36	-	-0.17	-0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share – basic
0.86	1.78	0.98	1.25	1.28	-1.05	1.35	0.43	1.46	0.73	1.05	1.47	1.63	1.68	1.56	1.68	1.51	2.11	1.12	1.55	0.40	1.64	1.16	0.89	1.39	1.06	1.29	1.45	1.29	1.47	1.23	1.35	1.12	1.78	1.55	1.62	2.04	2.02	1.58	1.69	1.48	0.39	-0.24
Earnings per share continuing operations - diluted
-	-	0.98	1.25	-	-1.05	1.34	2.20	1.82	-	1.21	1.54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss per share discontinuing operations - diluted
-	-	-	-	-	0.02	-0.01	-1.77	-0.37	-	-0.17	-0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share – diluted
0.86	1.79	0.98	1.25	1.27	-1.04	1.34	0.43	1.45	0.74	1.04	1.47	1.62	1.67	1.56	1.68	1.51	2.10	1.12	1.55	0.40	1.63	1.16	0.89	1.38	1.05	1.29	1.44	1.29	1.45	1.23	1.33	1.07	1.70	1.48	1.54	1.93	1.89	1.51	1.60	1.39	0.37	-0.24
Weighted average number of shares outstanding, net of treasury shares (in millions)
87	87	87	87	87	87	87	87	87	86	86	87	88	88	88	88	88	88	88	88	88	89	91	93	94	94	95	95	95	95	95	93	89	89	89	89	89	88	88	86	85	85	85
Weighted average number of shares outstanding, assuming dilution and net of treasury shares (in millions)
87	87	87	87	87	87	87	87	87	87	87	88	88	88	88	88	88	88	88	88	88	89	91	93	94	95	96	96	95	95	95	95	93	93	93	94	93	94	92	91	90	89	85
Cash dividend per share – declared
0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.60	0.60	0.60	0.60	0.58	0.58	0.58	0.58	0.56	0.56	0.56	0.56	0.54	0.54	0.54	0.52	0.52	0.50	0.50	0.50	0.50	0.50	0.47	0.47	0.45	0.45	0.45	0.43	-	0.35	0.30	-	-	-
Cash dividend per share – paid
0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.60	0.60	0.60	0.60	0.58	0.58	0.58	0.58	0.56	0.56	0.56	0.56	0.54	0.54	0.54	0.52	0.52	0.50	0.50	0.50	0.50	0.50	0.47	0.47	0.45	0.45	0.45	0.43	0.40	-	0.30	-	-	-	-