Net income (USD, millions)

Depreciation (USD, millions)

Amortization (USD, millions)

Amortization of deferred debt issuance costs (USD, millions)

Restructuring expense, net of cash paid (USD, millions)

Pension and other postretirement benefit expenses (USD, millions)

Loss from equity method investments, net of dividends received (USD, millions)

Loss on extinguishment of debt (USD, millions)

Loss on sale of assets (USD, millions)

Share-based compensation (USD, millions)

Pension contributions (USD, millions)

Net cash provided by operating activities (USD, millions)

Capital expenditures (USD, millions)

Proceeds from sale of property (USD, millions)

Cost of technology investments (USD, millions)

Settlement of derivatives (USD, millions)

Net cash used in investing activities (USD, millions)

Net proceeds (repayments) under other short-term debt agreements (USD, millions)

Repayment of term loans (USD, millions)

Repurchase of ordinary shares (USD, millions)

Taxes withheld and paid on employees’ restricted share awards (USD, millions)

Net cash (used in) provided by financing activities (USD, millions)

Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (USD, millions)

(Decrease) increase in cash, cash equivalents and restricted cash (USD, millions)

Capital expenditures included in accounts payable (USD, millions)

Deferred income taxes (USD, millions)

Cash, cash equivalents and restricted cash at beginning of the year (USD, millions)

Cash, cash equivalents and restricted cash at end of the year (USD, millions)

e0e95ac6810cf2e94c61851f6feb612404784655285a3af262a88dfd50d43205

The **sharp drop** in cash and cash equivalents in Q3 2024 was primarily due to Aptiv's **share repurchases**, which totaled **$2.32 billion** (including **$2.25 billion** under the Accelerated Share Repurchase Program).  **[0001521332-24-000067_aptvq32024ex991.htm:0]**  Additionally, the company experienced **lower cash inflows from operations** in Q3 2024, generating only **$499 million** compared to **$746 million** in the same prior year period.  **[0001521332-24-000067_aptvq32024ex991.htm:1]**  Finally, cash outflows were also driven by **investments in two vision software partners** during the quarter.  **[APTV_3405066_6]** 

Why did Cash and cash equivalents drop sharply in Q3 2024?

The decline in Total assets in Q4 2024 was driven by reductions in both current and long-term assets. Specifically, **current assets** decreased by **$421 million** due to lower cash and cash equivalents (down by **$67 million**), accounts receivable, net (down by **$285 million**), and inventories (down by **$45 million**). Additionally, **long-term assets** dropped by **$548 million** because of decreases in property, net (down by **$87 million**), operating lease right-of-use assets (down by **$45 million**), intangible assets, net (down by **$259 million**), and goodwill (down by **$127 million**).  **[0001521332-25-000006_aptv2024ex991.htm:6]** 

What drove the decline in Total assets in Q4 2024?

In Q1 2024, Aptiv’s **short-term debt surged from $9 million at the end of December 2023 to $1,487 million by March 31, 2024**; however, the documents **do not provide specific reasons** for this substantial increase.  **[0001521332-24-000038_aptv-20240331.htm:3]** 

Why did Short-term debt surge in Q1 2024?

The increase in Aptiv PLC's long-term debt in Q3 2024 was driven by several factors. **The company issued new senior and junior notes amounting to $2,920 million (net of issuance costs)**, which added substantially to its debt load. Additionally, there was **bridge loan activity, where Aptiv secured a $2,483 million bridge loan and repaid $2,500 million during the period**. Finally, **the company repaid $700 million of its 2.396% senior unsecured notes due 2025**, as part of its ongoing efforts to restructure its debt portfolio.  **[0001521332-24-000067_aptvq32024ex991.htm:7]** **[0001521332-24-000073_aptv-20240930.htm:80]** 

What factors contributed to the rise in Long-term debt in Q3 2024?

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In Q2 2024, the surge in **income before income taxes** was driven by several key factors. First, Aptiv recorded a **$641 million gain on Motional transactions** by restructuring its ownership interest in the Motional joint venture.  **[0001521332-24-000055_aptvq22024ex991.htm:6]** **[0001521332-24-000059_aptv-20240630.htm:2]** **[0001521332-24-000059_aptv-20240630.htm:53]**  Second, there was an improvement in **operating income**, which increased to **$441 million** from **$410 million** year-over-year.  **[0001521332-24-000055_aptvq22024ex991.htm:6]** **[0001521332-24-000055_aptvq22024ex991.htm:1]**  Finally, a decrease in **interest expense** to **$64 million** from **$72 million** contributed to the overall boost in income before taxes.  **[0001521332-24-000055_aptvq22024ex991.htm:6]** **[0001521332-24-000055_aptvq22024ex991.htm:1]** 

Why did income before income taxes soar in Q2 2024?

In Q2 2024, the sharp increase in net income was primarily driven by several factors. **A significant gain from Motional transactions of $641 million** played a major role in boosting net income.  **[0001521332-24-000059_aptv-20240630.htm:47]**  Additionally, improved operating performance—with operating income rising to **$441 million** from the previous year's level—helped fuel this improvement, along with a reduction in interest expense (from **$72 million** to **$64 million**) and a lower effective tax rate (about **5%** compared to **9%** in the prior year).  **[0001521332-24-000055_aptvq22024ex991.htm:1]** 

What drove the sharp increase in Net Income in Q2 2024?

In Q3 2024, the minimal equity loss was primarily driven by a **reduction in Aptiv's common equity interest in Motional** from **50% to approximately 15%**. This change was the result of **funding and ownership restructuring transactions** completed in May 2024, which significantly reduced Aptiv's share of Motional's losses.  **[0001521332-24-000073_aptv-20240930.htm:82]** 

What factors contributed to the minimal Equity Loss in Q3 2024?

The significant **Net Gain on Equity Method Transactions** in FY 2024 was primarily driven by the **restructuring of Aptiv's ownership interest in the Motional joint venture with Hyundai Motor Group**. This restructuring involved two key transactions: first, Hyundai’s additional investment of **$475 million** diluted Aptiv’s stake from 50% to about 44%, resulting in a gain of approximately **$91 million**; second, the sale of 11% of its common equity interest, along with an exchange of equity for preferred shares, reduced Aptiv’s stake further to around 15%, contributing a gain of roughly **$550 million**. These transactions combined led to the significant net gain observed in FY 2024.  **[0001521332-25-000010_aptv-20241231.htm:139]** **[0001521332-25-000010_aptv-20241231.htm:86]** 

Why was there a significant Net Gain on Equity Method Transactions in FY 2024?

The EPS jump in Q2 2024 was primarily driven by a **significant increase in net income** – rising from **$229 million** to **$938 million** – along with improved operating performance, which boosted both U.S. GAAP and adjusted operating income. In addition, a **substantial gain of $641 million from Motional transactions** played a critical role, while a **reduction in interest expense** (from **$72 million** to **$64 million**) and a lower **effective tax rate** (decreasing from **9%** to **5%**) further contributed to the dramatic increase in earnings per share.  **[0001521332-24-000055_aptvq22024ex991.htm:1]** **[0001521332-24-000055_aptvq22024ex991.htm:10]** 

What caused the EPS to jump so high in Q2 2024?

0550ca737618125938cee6831d2457690057a1f70258ee9ae2784d5c7ff3f724

Cash and cash equivalents (USD, millions)

Restricted cash (USD, millions)

Accounts receivable, net of allowance for doubtful accounts (USD, millions)

Inventories (USD, millions)

Other current assets (USD, millions)

Total current assets (USD, millions)

Property, net (USD, millions)

Operating lease right-of-use assets (USD, millions)

Investments in affiliates (USD, millions)

Intangible assets, net (USD, millions)

Goodwill (USD, millions)

Other long-term assets (USD, millions)

Total long-term assets (USD, millions)

Total assets (USD, millions)

Short-term debt (USD, millions)

Accounts payable (USD, millions)

Accrued liabilities (USD, millions)

Total current liabilities (USD, millions)

Long-term debt (USD, millions)

Pension benefit obligations (USD, millions)

Long-term operating lease liabilities (USD, millions)

Other long-term liabilities (USD, millions)

Total long-term liabilities (USD, millions)

Total liabilities (USD, millions)

Redeemable noncontrolling interest (USD, millions)

Total Aptiv shareholders’ equity (USD, millions)

Noncontrolling interest (USD, millions)

Total shareholders’ equity (USD, millions)

Total liabilities, redeemable noncontrolling interest and shareholders’ equity (USD, millions)

a30e0aa71f4307b461ae41e01f6edb7fbef94aafd108c3277701961b06759714

Net Sales (USD, millions)

Cost of Sales (USD, millions)

Selling, General and Administrative Expenses (USD, millions)

Restructuring Expenses (USD, millions)

Total Operating Expenses (USD, millions)

Operating Income (USD, millions)

Interest Expense (USD, millions)

Other Income (Expense), Net (USD, millions)

Income before Income Taxes and Equity Loss (USD, millions)

Income Tax (Expense) Benefit (USD, millions)

Income before Equity Loss (USD, millions)

Equity Loss, Net of Tax (USD, millions)

Net Income (USD, millions)

Net Income (Loss) Attributable to Noncontrolling Interest (USD, millions)

Net Loss Attributable to Redeemable Noncontrolling Interest (USD, millions)

Net Income Attributable to Aptiv (USD, millions)

Diluted Net Income per Share Attributable to Ordinary Shareholders (USD)

Weighted Average Number of Diluted Shares Outstanding (millions)

fb51c77131afa61db9b85db3b25559edef4b1a728b9b8bc2879c5e6de8681811

79b73ce408306e2abf6b32d62c2c69e986425164cf8577ac6b2c7fbbf7b90c86

Adjustments for Non-Cash Items

Stock-Based Compensation [USD, Millions]

Changes in Working Capital

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from / Repayments of Debt [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

097cc2e87de29f81bd6bea7b1410fb89363a9e717ddfae66ddf10619dcc4ec24

e9dcbc47cf3f1df9707f5357bc25a6de0814701786b69c47f50e4a4e3edd516d

Number of scientists, engineers and technicians (employees)

Percentage of hourly workforce in best cost countries (percentage)

Contingent portion of hourly workforce (percentage)

11e9b2a0f736a076e656bfb3652080e1be45716d8f717b3f62637ef0e873f58c

Electrical/Electronic Architecture

Powertrain Systems

Electronics and Safety

Thermal Systems

Eliminations and Other

Signal and Power Solutions

- Electrical Distribution Systems

- Engineered Components Group

- Eliminations

Advanced Safety and User Experience

- Active Safety

- Smart Vehicle Compute and Software

- User Experience and Other

Total Revenue

98f6f190915f6030ecfbcf329fc8fb53e707afefd66f3ca69a93b494a3fd8c9f

North America

- United States

- Other North America

Europe, Middle East and Africa

Asia Pacific

- China

- Other Asia Pacific

South America

- United Kingdom

- Germany

- France

6e0d82bfe4707b9f334514506135d0d65aeb7837153146531a675efc395865bc

Aptiv (APTV)

Financials