2013 Q2 Form 10-Q Financial Statement

#000111133513000013 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $1.892B $1.693B
YoY Change 11.75% -17.25%
Cost Of Revenue $1.447B $1.565B
YoY Change -7.54% -15.59%
Gross Profit $49.00M $128.0M
YoY Change -61.72% -33.33%
Gross Profit Margin 2.59% 7.56%
Selling, General & Admin $77.00M $87.00M
YoY Change -11.49% -13.0%
% of Gross Profit 157.14% 67.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.00M $54.00M
YoY Change -3.7% -22.86%
% of Gross Profit 106.12% 42.19%
Operating Expenses $77.00M $87.00M
YoY Change -11.49% -13.0%
Operating Profit -$28.00M $30.00M
YoY Change -193.33% -54.55%
Interest Expense $10.00M $10.00M
YoY Change 0.0% -16.67%
% of Operating Profit 33.33%
Other Income/Expense, Net -$3.000M $3.000M
YoY Change -200.0%
Pretax Income $35.00M $127.0M
YoY Change -72.44% 62.82%
Income Tax $39.00M $42.00M
% Of Pretax Income 111.43% 33.07%
Net Earnings $65.00M $75.00M
YoY Change -13.33% 188.46%
Net Earnings / Revenue 3.44% 4.43%
Basic Earnings Per Share $1.30 $1.41
Diluted Earnings Per Share $1.29 $1.40
COMMON SHARES
Basic Shares Outstanding 50.00M shares 53.30M shares
Diluted Shares Outstanding 50.50M shares 53.70M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $983.0M $681.0M
YoY Change 44.35% -18.83%
Cash & Equivalents $983.0M $681.0M
Short-Term Investments
Other Short-Term Assets $313.0M $430.0M
YoY Change -27.21% 126.32%
Inventory $415.0M $380.0M
Prepaid Expenses $24.00M
Receivables $1.206B $1.166B
Other Receivables $0.00 $230.0M
Total Short-Term Assets $2.942B $2.678B
YoY Change 9.86% -10.07%
LONG-TERM ASSETS
Property, Plant & Equipment $1.274B $1.264B
YoY Change 0.79% -22.93%
Goodwill $46.00M $36.00M
YoY Change 27.78%
Intangibles
YoY Change
Long-Term Investments $790.0M $714.0M
YoY Change 10.64% 44.83%
Other Assets $118.0M $60.00M
YoY Change 96.67% -31.82%
Total Long-Term Assets $2.480B $2.366B
YoY Change 4.82% -9.56%
TOTAL ASSETS
Total Short-Term Assets $2.942B $2.678B
Total Long-Term Assets $2.480B $2.366B
Total Assets $5.422B $5.044B
YoY Change 7.49% -9.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.174B $1.067B
YoY Change 10.03% -20.55%
Accrued Expenses $189.0M $239.0M
YoY Change -20.92% -34.34%
Deferred Revenue
YoY Change
Short-Term Debt $127.0M $89.00M
YoY Change 42.7% -1.11%
Long-Term Debt Due $129.0M
YoY Change
Total Short-Term Liabilities $1.750B $1.559B
YoY Change 12.25% -19.06%
LONG-TERM LIABILITIES
Long-Term Debt $670.0M $503.0M
YoY Change 33.2% -0.4%
Other Long-Term Liabilities $166.0M $247.0M
YoY Change -32.79% -69.16%
Total Long-Term Liabilities $836.0M $750.0M
YoY Change 11.47% -42.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.750B $1.559B
Total Long-Term Liabilities $836.0M $750.0M
Total Liabilities $2.586B $2.309B
YoY Change 12.0% -44.37%
SHAREHOLDERS EQUITY
Retained Earnings $400.0M $212.0M
YoY Change 88.68%
Common Stock $1.000M $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $197.0M $12.00M
YoY Change 1541.67%
Treasury Stock Shares
Shareholders Equity $1.352B $1.433B
YoY Change
Total Liabilities & Shareholders Equity $5.422B $5.044B
YoY Change 7.49% -9.83%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $65.00M $75.00M
YoY Change -13.33% 188.46%
Depreciation, Depletion And Amortization $52.00M $54.00M
YoY Change -3.7% -22.86%
Cash From Operating Activities $36.00M -$12.00M
YoY Change -400.0% -117.14%
INVESTING ACTIVITIES
Capital Expenditures -$51.00M -$49.00M
YoY Change 4.08% -30.99%
Acquisitions
YoY Change
Other Investing Activities $22.00M $78.00M
YoY Change -71.79% 1850.0%
Cash From Investing Activities -$29.00M $29.00M
YoY Change -200.0% -143.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.000M -18.00M
YoY Change -133.33% 100.0%
NET CHANGE
Cash From Operating Activities 36.00M -12.00M
Cash From Investing Activities -29.00M 29.00M
Cash From Financing Activities 6.000M -18.00M
Net Change In Cash 13.00M -1.000M
YoY Change -1400.0% -83.33%
FREE CASH FLOW
Cash From Operating Activities $36.00M -$12.00M
Capital Expenditures -$51.00M -$49.00M
Free Cash Flow $87.00M $37.00M
YoY Change 135.14% -73.76%

Facts In Submission

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vc Number Of Employees Who Are In Similar Situation As Those In Visteon Germany Civil Case
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750
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dei Amendment Flag
AmendmentFlag
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001111335
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
50044729 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
23000
dei Entity Registrant Name
EntityRegistrantName
VISTEON CORP
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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