Highlights

($ million) 20142013(*)2012(*)(**)2011(*)(**)2010(*)(**)
Net revenues 32,957 34,231 33,128 33,809 28,294
Trading profit 2,399 2,637 2,650 2,353 1,453
Operating profit/(loss) 2,167 2,481 2,377 2,283 1,354
Profit/(loss) before taxes 1,482 2,002 1,882 1,627 751
Profit/(loss) 916 1,218 1,162 977 490
Attributable to:
Owners of the parent 917 1,048 1,023 871 442
Non-controlling interests (1) 170 139 106 48
Basic earnings/(loss) per common share ($)(1) 0.68 0.83 0.84 0.68 0.34
Diluted earnings/(loss) per common share ($) (1) 0.68 0.83 0.84 0.68 0.34
Investments in tangible and intangible assets 1,698 1,985 1,733 1,382 1,156
of which: capitalized R&D costs 676 759 685 556 525
R&D expenditure (2) 1,122 1,240 1,149 1,033 864
Total Assets 54,441 56,462 51,273 49,908 46,597
Net (debt)/cash (23,590) (23,290) (21,102) (18,825) (16,273)
of which: net industrial (debt)/cash (2,874) (2,195) (2,166) (1,603) (2,539)
Total equity 7,577 7,662 7,093 6,795 6,088
Equity attributable to owners of the parent 7,534 7,591 6,107 5,711 5,099
Employees at year end 69,207 71,192 68,257 66,998 62,123

(*) Amounts recast in order to reflect the change in presentation currency from euro to U.S. dollar. Reference should be made to the section “Significant accounting policies”, paragraph “Change in presentation currency”, in the Notes to the Consolidated Financial Statements .
(**) Figures have been recast following the adoption of IAS 19 Revised. There was no significant impact for any individual line item.
(1) As a consequence of the effective date of the merger, full-year 2013 basic EPS has been calculated on approximately 1,255 million of weighted average number of common shares outstanding. For 2012 and prior years, earnings per share calculation is based on the average number of Fiat Industrial ordinary shares outstanding after taking into account the effect of the conversion of preference and savings shares that occurred on May 21, 2012. See Note 13 to the Consolidated Financial Statements for additional information on the calculation of basic and diluted earnings per share.
(2) Includes capitalized development costs and R&D charged directly to the income statement.

 

SELECTED DATA BY REGION

   EmployeesPlants R&D CentersRevenues ($ million)
20142013201420132014201320142013
EMEA 41,756 41,961 34 33 26 26 14,951 14,372
NAFTA 11,647 11,948 12 11 13 13 9,447 9,742
LATAM 10,485 12,081 10 10 6 5 4,914 6,391
APAC 5,319 5,202 8 8 4 4 3,645 3,726
Total 69,207 71,192 64 62 49 48 32,957 34,231