FEDERAL-MOGUL HOLDINGS LLC (FDML) financial statements (2020 and earlier)

Company profile

Business Address 27300 WEST 11 MILE ROAD
SOUTHFIELD, MI 48034
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments300194332761467
Cash and cash equivalents300194332761467
Receivables1,2381,3741,4191,3241,396
Inventory, net of allowances, customer advances and progress billings1,3211,3421,2151,0681,074
Inventory1,3211,3421,2151,0681,074
Disposal group, including discontinued operation112   
Prepaid expense and other current assets203
Other undisclosed current assets185176225224 
Total current assets:3,0453,0983,1913,3773,140
Noncurrent Assets
Property, plant and equipment2,3342,3532,1602,0381,971
Long-term investments and receivables270296269253240
Long-term investments270296269253240
Intangible assets, net (including goodwill)1,0161,0771,2821,3731,427
Goodwill673673701792787
Intangible assets, net (excluding goodwill)343404581581640
Other noncurrent assets183184165141
Prepaid expense and other noncurrent assets149
Other undisclosed noncurrent assets228230   
Total noncurrent assets:4,0314,1403,8763,8053,787
TOTAL ASSETS:7,0767,2387,0677,1826,927
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4391,4831,701495459
Accounts payable885901926  
Accrued liabilities554582546454423
Employee-related liabilities  177  
Taxes payable  524136
Debt1421381271,69494
Restructuring reserve  53
Postemployment benefits liability3740464447
Accrued environmental loss contingencies  656
Asset retirement obligation  343
Other liabilities156159186147174
Other undisclosed current liabilities  (291)749706
Total current liabilities:1,7741,8201,8313,1381,489
Noncurrent Liabilities
Long-term debt and lease obligation2,8832,9242,5639052,733
Long-term debt, excluding current maturities2,8832,9242,5639052,733
Liabilities, other than long-term debt1,5391,5921,794414423
Accounts payable and accrued liabilities9710293  
Asset retirement obligations  212226
Deferred tax liabilities, net366367389383388
Liability, pension and other postretirement and postemployment benefits1,0761,1231,282
Accrued environmental loss contingencies  999
Other undisclosed noncurrent liabilities  (30)1,1241,450
Total noncurrent liabilities:4,4224,5164,3272,4434,606
Total liabilities:6,1966,3366,1585,5816,095
Stockholders' equity
Stockholders' equity attributable to parent7387708061,490725
Common stock22221
Treasury stock, value(17)(17)(17)(17)(17)
Additional paid in capital2,8992,8992,6492,6492,150
Accumulated other comprehensive loss(1,432)(1,318)(1,142)(626)(850)
Accumulated deficit(714)(796)(686)(518)(559)
Stockholders' equity attributable to noncontrolling interest142132103111107
Total stockholders' equity:8809029091,601832
TOTAL LIABILITIES AND EQUITY:7,0767,2387,0677,1826,927

Income statement (P&L) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
7,4347,4197,3176,7866,664
Cost of revenue(6,301)(6,345)(6,265)(5,769)(5,753)
Cost of goods and services sold(6,301)(6,345)(6,260)(5,766)(5,753)
Other undisclosed gross profit  53 
Gross profit:1,1331,0741,0571,020911
Operating expenses(879)(1,244)(1,264)(1,060)(1,322)
Other undisclosed operating loss(23)    
Operating income (loss):231(170)(207)(40)(411)
Nonoperating income (expense) (5)(2)5(26)
Investment income, nonoperating  98 
Other nonoperating expense (5)(11)(3)(26)
Interest and debt expense(145)(138)(144)(99)(128)
Income (loss) from continuing operations before equity method investments, income taxes:86(313)(353)(134)(565)
Income from equity method investments5956483434
Other undisclosed income from continuing operations before income taxes 176200257392
Income (loss) from continuing operations before income taxes:145(81)(105)157(139)
Income tax expense(55)(30)(56)(56)(29)
Income (loss) from continuing operations:90(111)(161)101(168)
Income from discontinued operations 72  
Income (loss) before gain (loss) on sale of properties:90(104)(159)101(168)
Other undisclosed net income (loss)  (2)(52)58
Net income (loss):90(104)(161)49(110)
Net loss attributable to noncontrolling interest(8)(6)(7)(8)(7)
Net income (loss) available to common stockholders, diluted:82(110)(168)41(117)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):90(104)(161)49(110)
Other comprehensive income (loss)(112)(181)(531)220(111)
Comprehensive income (loss):(22)(285)(692)269(221)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10)(1)847
Other undisclosed comprehensive loss, net of tax, attributable to parent   (8)(14)
Comprehensive income (loss), net of tax, attributable to parent:(32)(286)(684)265(228)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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