home // Car Information // Chrysler

pdf downloadChrysler Group LLC Achieved Modified Operating Profit of $507 ...

Chrysler Group LLC Achieved Modified Operating Profit of $507 ... Source: www.chryslergroupllc.com
File Size: 333.67 KB
Page: 9 pages
Category: Car Information

Share this info:


Short Description: 1 | Page. Chrysler Group LLC Achieved Modified Operating Profit of $507 Million in Second Quarter. 2011, up 177 percent from Q2 2010; Fully Repaid ...

Content Inside: Chrysler Group LLC Achieved Modified Operating Profit of $507 Million in Second Quarter 2011, up 177 percent from Q2 2010; Fully Repaid Government Loans Six Years Ahead of Schedule Net Revenues in Q2 2011 were $13.7 billion, up 30 percent from $10.5 billion in Q2 2010 Net Loss reported for Q2 2011 totaled $370 million compared to a Net Loss of $172 million in Q2 2010; excluding a non-recurring $551 million charge on the extinguishment of debt, Adjusted Net Income(a) in Q2 2011 totaled $181 million Modified Operating Profit(b) increased to $507 million in Q2 2011 (3.7 percent of Net Revenues), from $183 million in Q2 2010 Modified EBITDA(c) totaled $1.3 billion in Q2 2011 (9.5 percent of Net Revenues), a 51 percent improvement compared to $855 million in Q2 2010 Cash(d) at June 30, 2011, was $10.2 billion, up $0.3 billion from March 31, 2011 Free Cash Flow(e) for Q2 2011 was $174 million (Q2 2010 was $491 million) Worldwide vehicle sales in Q2 2011 increased 19 percent to 486,000 U.S. market share in Q2 2011 increased to 10.6 percent from 9.4 percent in Q2 2010; Canadian market share increased to 14.9 percent from 12.9 percent in Q2 2010 On May 24, 2011, completed successful refinancing and full repayment of the U.S. Treasury and Canadian government loans On July 21, 2011, Fiat acquired beneficial ownership of the remaining membership interests in Chrysler Group held by the U.S. Treasury and Canadian government AUBURN HILLS, Mich., July 26, 2011 Chrysler Group LLC today announced its preliminary financial results for the second quarter (Q2) 2011, demonstrating continued improvement in its operating and financial performance. In Q2 2011, Net Revenues increased 30 percent to $13.7 billion compared to Q2 2010. The increase was primarily due to increased volumes and positive pricing and mix attributable to the 16 all-new or significantly refreshed products in the marketplace. First half (H1) 2011 Net Revenues totaled $26.8 billion, up 33 percent from H1 2010.
CHRYSLER GROUP LLC
($Mils)

Q2 2011 13,661 1,293 507

B/(W) Q2 2010 3,183 438 324

H1 2011

Net Revenues Modified EBITDA \1 Modified Operating Profit \1

26,785 2,464 984

Net Loss
Loss on Extinguishment of Debt Adjusted Net Income \1 Cash \2

(370)
551 181 10,175

(198)
551 353 2,334

(254)
551 297 10,175

The Company posted a Modified Operating Profit of $507 million in Q2 2011 (3.7 percent of Net Revenues) compared to $183 million (1.7 percent of Net Revenues) in Q2 2010. The Q2 2011 improved operating performance was primarily attributable to increased volumes, positive pricing and mix, partially offset by increased advertising expenditures and industrial costs, including depreciation and amortization. H1 2011 Modified Operating Profit was $984 million, three times higher than H1 2010.

\1 A reconciliation of Net Loss to Adjusted Net Income, Modified Operating Profit and Modified EBITDA is detailed in Table 1 of the attachment to the press release \2 Cash includes Cash and Cash Equivalents

1|P a g e

Advertiser

download pdf for free Go to Download Page

Related PDF Files