Condensed Consolidating Statements of Operations (in millions of dollars):
Year Ended December 31, 2013 | ||||||||||||||||||||
Parent | Guarantors | Non-Guarantors | Consolidating Adjustments |
Chrysler Group LLC Consolidated |
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Revenues, net |
$ | 74,603 | $ | 9,313 | $ | 40,733 | $ | (52,505) | $ | 72,144 | ||||||||||
Cost of sales |
66,281 | 9,088 | 38,541 | (52,512) | 61,398 | |||||||||||||||
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GROSS MARGIN |
8,322 | 225 | 2,192 | 7 | 10,746 | |||||||||||||||
Selling, administrative and other expenses |
4,057 | 177 | 815 | 169 | 5,218 | |||||||||||||||
Research and development expenses, net |
2,256 | — | 64 | — | 2,320 | |||||||||||||||
Restructuring (income) expenses, net |
(2) | (11) | (1) | — | (14) | |||||||||||||||
Interest expense |
934 | 13 | 140 | (52) | 1,035 | |||||||||||||||
Interest income |
(27) | (2) | (25) | 13 | (41) | |||||||||||||||
Loss on extinguishment of debt |
24 | — | — | — | 24 | |||||||||||||||
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INCOME (LOSS) BEFORE INCOME TAXES |
1,080 | 48 | 1,199 | (123) | 2,204 | |||||||||||||||
Income tax expense (benefit) |
(20) | — | (528) | (5) | (553) | |||||||||||||||
Equity in net (income) loss of subsidiaries |
(1,657) | (34) | — | 1,691 | — | |||||||||||||||
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NET INCOME (LOSS) |
2,757 | 82 | 1,727 | (1,809) | 2,757 | |||||||||||||||
Other comprehensive income (loss) |
3,274 | — | 530 | (530) | 3,274 | |||||||||||||||
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TOTAL COMPREHENSIVE INCOME (LOSS) |
$ | 6,031 | $ | 82 | $ | 2,257 | $ | (2,339) | $ | 6,031 | ||||||||||
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Year Ended December 31, 2012 | ||||||||||||||||||||
Parent | Guarantors | Non-Guarantors | Consolidating Adjustments |
Chrysler Group LLC Consolidated |
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Revenues, net |
$ | 68,634 | $ | 8,584 | $ | 37,776 | $ | (49,210) | $ | 65,784 | ||||||||||
Cost of sales |
60,191 | 8,450 | 35,849 | (49,140) | 55,350 | |||||||||||||||
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GROSS MARGIN |
8,443 | 134 | 1,927 | (70) | 10,434 | |||||||||||||||
Selling, administrative and other expenses |
4,139 | 229 | 665 | 146 | 5,179 | |||||||||||||||
Research and development expenses, net |
2,288 | 1 | 35 | — | 2,324 | |||||||||||||||
Restructuring (income) expenses, net |
(1) | (59) | (1) | — | (61) | |||||||||||||||
Interest expense |
982 | 12 | 144 | (44) | 1,094 | |||||||||||||||
Interest income |
(17) | (1) | (26) | — | (44) | |||||||||||||||
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INCOME (LOSS) BEFORE INCOME TAXES |
1,052 | (48) | 1,110 | (172) | 1,942 | |||||||||||||||
Income tax expense (benefit) |
15 | — | 259 | — | 274 | |||||||||||||||
Equity in net (income) loss of subsidiaries |
(631) | (30) | — | 661 | — | |||||||||||||||
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NET INCOME (LOSS) |
1,668 | (18) | 851 | (833) | 1,668 | |||||||||||||||
Other comprehensive income (loss) |
(2,882) | — | (131) | 131 | (2,882) | |||||||||||||||
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TOTAL COMPREHENSIVE INCOME (LOSS) |
$ | (1,214) | $ | (18) | $ | 720 | $ | (702) | $ | (1,214) | ||||||||||
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Year Ended December 31, 2011 | ||||||||||||||||||||
Parent | Guarantors | Non-Guarantors | Consolidating Adjustments |
Chrysler Group LLC Consolidated |
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Revenues, net |
$ | 55,616 | $ | 6,282 | $ | 31,829 | $ | (38,746) | $ | 54,981 | ||||||||||
Cost of sales |
48,839 | 6,326 | 30,006 | (38,749) | 46,422 | |||||||||||||||
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GROSS MARGIN |
6,777 | (44) | 1,823 | 3 | 8,559 | |||||||||||||||
Selling, administrative and other expenses |
3,745 | 158 | 582 | 266 | 4,751 | |||||||||||||||
Research and development expenses, net |
1,648 | — | 26 | — | 1,674 | |||||||||||||||
Restructuring (income) expenses, net |
12 | (8) | (1) | — | 3 | |||||||||||||||
Interest expense |
1,067 | 3 | 225 | (57) | 1,238 | |||||||||||||||
Interest income |
(14) | (1) | (24) | — | (39) | |||||||||||||||
Loss on extinguishment of debt |
170 | — | 381 | — | 551 | |||||||||||||||
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INCOME (LOSS) BEFORE INCOME TAXES |
149 | (196) | 634 | (206) | 381 | |||||||||||||||
Income tax expense (benefit) |
15 | (1) | 182 | 2 | 198 | |||||||||||||||
Equity in net (income) loss of subsidiaries |
(49) | (26) | — | 75 | — | |||||||||||||||
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NET INCOME (LOSS) |
183 | (169) | 452 | (283) | 183 | |||||||||||||||
Other comprehensive income (loss) |
(2,987) | (1) | (936) | 937 | (2,987) | |||||||||||||||
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TOTAL COMPREHENSIVE INCOME (LOSS) |
$ | (2,804) | $ | (170) | $ | (484) | $ | 654 | $ | (2,804) | ||||||||||
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