ZF TRW AUTOMOTIVE HOLDINGS CORP

Delisted

CIK 0001267097Large AcceleratedMotor Vehicle Parts & AccessoriesDelawareFY ends Dec 31

Period

FY 2014

Revenue

$17.54B

Net Income

$293.00M

Total Assets

$11.29B

Equity

$3.84B

Shares Out

115.92M

Op. Cash Flow

$954.00M

Business

ZF TRW AUTOMOTIVE HOLDINGS CORP is a former operating company in Motor Vehicle Parts & Accessories, incorporated in Delaware. Securities are no longer actively traded on a major U.S. exchange.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31
Sales	17,539	17,435	16,444	16,244	14,383
Cost of sales	15,473	15,505	14,655	14,384	12,661
Gross profit	2,066	1,930	1,789	1,860	1,722
Administrative and selling expenses	669	607	594	613	509
Pension and postretirement benefit settlement and curtailment expenses	790	31	52	—	—
Restructuring charges and asset impairments	84	66	95	27	45
Transaction Costs	20	0	0	—	—
Other (income) expense - net	2	−1	−37	−55	−38
Operating income	501	1,227	1,085	1,260	1,184
Interest expense - net	109	132	111	118	162
Loss (gain) on retirement of debt - net	7	20	6	40	15
Equity in earnings of affiliates, net of tax	−45	−46	−40	−39	−34
Earnings before income taxes	430	1,121	1,008	1,148	1,041
Income tax (benefit) expense	96	114	−33	−47	166
Net earnings	334	1,007	1,041	1,195	875
Less: Net earnings attributable to noncontrolling interest, net of tax	41	37	33	38	41
Net earnings attributable to TRW	293	970	1,008	1,157	834
Earnings per share	2.62	8.25	8.24	9.37	6.96
Weighted average shares outstanding	112	118	122	124	120
Earnings per share	2.54	7.85	7.83	8.82	6.49
Weighted average shares outstanding	118	125	130	133	131

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31
Cash and cash equivalents	1,031	1,729	1,223	1,241	1,078
Accounts receivable - net	2,432	2,478	2,200	2,222	2,087
Inventories	972	1,019	975	845	760
Prepaid expenses and other current assets	187	178	165	126	126
Deferred income taxes	226	224	165	193	89
Assets held-for-sale	252	0	—	—	—
Total current assets	5,100	5,628	4,728	4,627	4,140
Property, plant and equipment - net	2,645	2,718	2,385	2,137	2,100
Goodwill	1,749	1,760	1,756	1,753	1,761
Intangible assets - net	291	292	293	298	304
Pension assets	663	1,059	823	918	454
Deferred income taxes	336	316	380	87	83
Other assets	510	479	492	442	—
Total assets	11,294	12,252	10,857	10,262	9,288
Short-term debt	222	159	67	65	23
Current portion of long-term debt	72	482	26	39	20
Trade accounts payable	2,423	2,597	2,423	2,306	2,079
Accrued compensation	253	285	254	283	251
Income taxes	11	27	36	69	50
Other current liabilities	1,259	1,205	1,075	1,078	—
Liabilities related to assets held-for-sale	104	0	—	—	—
Total current liabilities	4,344	4,755	3,881	3,840	3,519
Long-term debt	1,284	1,473	1,369	1,428	1,803
Postretirement benefits other than pensions	346	375	396	421	453
Pension benefits	774	676	898	831	681
Deferred income taxes	47	145	123	173	95
Long-term liabilities	461	432	421	430	—
Total liabilities	7,256	7,856	7,088	7,123	7,050
Capital stock	1	1	1	1	1
Paid-in-capital	1,829	1,715	1,635	1,602	1,638
Retained earnings	2,751	2,858	2,408	1,668	511
Accumulated other comprehensive earnings (losses)	−739	−380	−466	−331	−87
Total TRW stockholders' equity	3,842	4,194	3,578	2,940	2,063
Noncontrolling interest	196	202	191	199	175
Total equity	4,038	4,396	3,769	3,139	2,238
Total liabilities and equity	11,294	12,252	10,857	10,262	9,288

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31
Depreciation and amortization	444	430	409	447	469
Net pension and other postretirement benefits income and contributions	356	−244	−224	−282	−407
Net gains on sales of assets and divestitures	0	0	−6	−15	−3
Amortization of debt issuance costs	6	6	5	7	12
Asset impairment charges	19	9	4	7	−1
Deferred income taxes	−94	−47	−204	−145	56
Share-based compensation expense	36	36	21	15	13
Exchangeable bond premium amortization	7	10	7	8	9
Other - net	−27	−21	−32	−14	−22
Accounts receivable - net	−148	−266	76	−210	−188
Inventories	−73	−42	−113	−105	−113
Trade accounts payable	16	153	62	279	223
Prepaid expense and other assets	−69	3	−47	19	−14
Other liabilities	140	72	−49	−119	128
Net cash provided by (used in) operating activities	954	1,126	956	1,120	1,052
Capital expenditures, including other intangible assets	−694	−735	−623	−571	−294
Net proceeds from asset sales and divestitures	3	1	15	47	7
Investment in non-consolidated joint venture assets	−17	—	—	—	—
Net cash provided by (used in) investing activities	−708	−734	−608	−509	−289
Change in short-term debt	67	90	0	41	4
Proceeds from issuance of long-term debt, net of fees	13	881	3	1	53
Fees paid to refinance credit facility	0	0	−9	0	0
Redemption of long-term debt	−501	−340	−86	−455	−581
Repurchase of capital stock	−400	−520	−268	0	0
Proceeds from exercise of stock options	3	30	21	20	76
Dividends paid to noncontrolling interest	−36	−31	−46	−12	−20
Net cash provided by (used in) financing activities	−854	110	−385	−405	−463
Effect of exchange rate changes on cash	−80	4	19	−43	−10
Change In Cash Held For Sale	−10	0	0	—	—
Increase (decrease) in cash and cash equivalents	−698	506	−18	163	290
Interest paid	105	112	106	128	155
Income tax paid - net	184	157	197	120	76

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