CNH Industrial SEC Filings

6-K
CNH INDUSTRIAL N.V. filed this Form 6-K on 11/06/2017
Entire Document
 

CNH INDUSTRIAL N.V.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the Three and Nine Months Ended September 30, 2017 and 2016

(Unaudited)

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

 

(in millions)

(in millions)

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

6,331

 

 

$

5,461

 

 

$

18,370

 

 

$

16,987

 

 

Finance and interest income

 

 

299

 

 

 

288

 

 

 

889

 

 

 

887

 

 

Total Revenues

 

$

6,630

 

 

$

5,749

 

 

$

19,259

 

 

$

17,874

 

 

Costs and Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

$

5,242

 

 

$

4,524

 

 

$

15,166

 

 

$

14,014

 

 

Selling, general and administrative expenses

 

 

559

 

 

 

546

 

 

 

1,676

 

 

 

1,687

 

 

Research and development expenses

 

 

243

 

 

 

211

 

 

 

662

 

 

 

619

 

 

Restructuring expenses

 

 

53

 

 

 

6

 

 

 

77

 

 

 

31

 

 

Interest expense

 

 

259

 

 

 

273

 

 

 

712

 

 

 

743

 

 

Other, net

 

 

174

 

 

 

131

 

 

 

454

 

 

 

951

 

 

Total Costs and Expenses

 

$

6,530

 

 

$

5,691

 

 

$

18,747

 

 

$

18,045

 

 

Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates

 

 

100

 

 

 

58

 

 

 

512

 

 

 

(171

)

 

Income tax (expense)

 

 

(64

)

 

 

(32

)

 

 

(225

)

 

 

(179

)

 

Equity in income of unconsolidated subsidiaries and affiliates

 

 

21

 

 

 

13

 

 

 

66

 

 

 

5

 

 

Net income (loss)

 

 

57

 

 

 

39

 

 

 

353

 

 

 

(345

)

 

Net income attributable to noncontrolling interests

 

 

4

 

 

 

-

 

 

 

12

 

 

 

2

 

 

Net income (loss) attributable to CNH Industrial N.V.

 

$

53

 

 

$

39

 

 

$

341

 

 

$

(347

)

 

Earnings (loss) per share attributable to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.04

 

 

$

0.03

 

 

$

0.25

 

 

$

(0.25

)

 

Diluted

 

$

0.04

 

 

$

0.03

 

 

$

0.25

 

 

$

(0.25

)

 

Cash dividends declared per common share

 

$

-

 

 

$

-

 

 

$

0.118

 

 

$

0.148

 

 

 

 

 

 

 

 

 

See accompanying notes to the condensed consolidated financial statements


 

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