For the six months ended June 30, 2022 |
For the six months ended June 30, 2021(1)
| |||||
(€ million) | Stellantis | Industrial activities | Financial services | Stellantis | Industrial activities | Financial services |
Net revenues
| 87,999 | 87,751 | 326 | 72,610 | 72,543 | 125 |
Cost of revenues
| 69,865 | 69,757 | 186 | 58,301 | 58,289 | 70 |
Selling, general and other costs
| 4,460 | 4,404 | 56 | 4,550 | 4,531 | 19 |
Research and development costs
| 2,547 | 2,547 | - | 2,046 | 2,046 | - |
Gains/(losses) on disposal of investments
| 31 | 31 | - | 2 | 2 | - |
Restructuring costs
| 838 | 838 | - | 371 | 371 | - |
Operating income | 10,320 | 10,236 | 84 | 7,344 | 7,308 | 36 |
Net financial expenses
| 431 | 431 | - | 217 | 217 | - |
Profit before taxes
| 9,889 | 9,805 | 84 | 7,127 | 7,091 | 36 |
Tax expense
| 1,985 | 1,970 | 15 | 1,729 | 1,714 | 15 |
Share of the profit of equity method investees | 56 | (285) | 341 | 402 | 73 | 329 |
Result from intersegment investments | - | 410 | - | - | 350 | - |
Net profit from continuing operations
| 7,960 | 7,960 | 410 | 5,800 | 5,800 | 350 |
Profit from discontinued operations, net of tax
| - | - | - | 990 | 990 | - |
Net profit
| 7,960 | 7,960 | 410 | 6,790 | 6,790 | 350 |
Adjusted operating income(2)
| 12,374 | 12,292 | 82 | n.a. | n.a. | n.a. |
Pro Forma Adjusted operating income(2)
| n.a. | n.a. | n.a. | 8,622 | 8,580 | 42 |
At June 30, 2022 | At December 31, 2021 | |||||
(€ million) | Stellantis | Industrial activities | Financial services | Stellantis | Industrial activities | Financial services |
Assets | ||||||
Goodwill and intangible assets with indefinite useful lives | 32,115 | 31,984 | 131 | 29,921 | 29,802 | 119 |
Other intangible assets
| 18,223 | 18,118 | 105 | 16,635 | 16,542 | 93 |
Property, plant and equipment
| 37,192 | 37,117 | 75 | 35,488 | 35,443 | 45 |
Investments
| 6,129 | 8,396 | 4,761 | 6,022 | 7,847 | 4,591 |
Deferred tax assets
| 1,888 | 1,849 | 39 | 1,927 | 1,893 | 34 |
Inventories
| 15,722 | 15,698 | 24 | 11,361 | 11,342 | 19 |
Assets sold with a buy-back commitment | 2,295 | 2,295 | - | 2,134 | 2,134 | - |
Trade receivables | 4,395 | 4,456 | 73 | 2,998 | 3,049 | 51 |
Tax receivables | 379 | 382 | 4 | 390 | 383 | 7 |
Other assets and prepaid expenses | 14,194 | 10,977 | 3,921 | 12,628 | 9,797 | 3,752 |
Financial assets | 3,036 | 2,922 | 150 | 2,510 | 2,409 | 152 |
Cash and cash equivalents | 46,355 | 45,278 | 1,077 | 49,629 | 48,616 | 1,013 |
Assets held for sale | 303 | 154 | 149 | 123 | 123 | - |
TOTAL ASSETS
| 182,226 | 179,626 | 10,509 | 171,766 | 169,380 | 9,876 |
Equity and Liabilities | ||||||
Equity | 65,623 | 65,623 | 7,028 | 56,307 | 56,307 | 6,417 |
Employee benefits liabilities | 7,661 | 7,661 | - | 8,749 | 8,748 | 1 |
Provisions | 19,583 | 19,472 | 114 | 17,179 | 17,085 | 96 |
Deferred tax liabilities | 4,745 | 4,738 | 7 | 4,374 | 4,368 | 5 |
Debt | 28,164 | 25,900 | 3,000 | 33,582 | 31,533 | 3,018 |
Trade payables | 31,448 | 31,455 | 103 | 28,181 | 28,177 | 70 |
Other financial liabilities | 60 | 60 | - | 95 | 95 | - |
Tax liabilities | 1,344 | 1,324 | 27 | 1,113 | 1,086 | 35 |
Other liabilities | 23,572 | 23,367 | 230 | 22,135 | 21,930 | 234 |
Liabilities held for sale | 26 | 26 | - | 51 | 51 | - |
TOTAL EQUITY AND LIABILITIES
| 182,226 | 179,626 | 10,509 | 171,766 | 169,380 | 9,876 |
For the six months ended June 30, 2022 | For the six months ended June 30, 2021 | |||||
(€ million) | Stellantis | Industrial activities | Financial services | Stellantis | Industrial activities | Financial services |
Consolidated profit from continuing operations | 7,960 | 7,960 | 410 | 5,800 | 5,800 | 350 |
Adjustments for non-cash items
| ||||||
depreciation and amortization | 3,225 | 3,213 | 12 | 2,647 | 2,662 | (15) |
(gains) losses on disposals | 7 | 4 | 3 | 36 | 36 | - |
change in deferred taxes | (142) | (140) | (2) | 206 | 206 | - |
other non cash items | 185 | 155 | 30 | (377) | (266) | (111) |
Change in provision | 1,400 | 1,382 | 18 | (2,440) | (2,447) | 7 |
Result of equity method investments net of dividends received | 84 | (50) | (276) | 117 | (150) | (83) |
Change in carrying amount of leased vehicles | (75) | (48) | (27) | 391 | 398 | (7) |
Changes in working capital
| (2,801) | (2,762) | (39) | (765) | (602) | (160) |
Net cash from (used in) operating activities of discontinued operations | - | - | - | - | - | - |
Net cash from (used in) operating activities | 9,843 | 9,714 | 129 | 5,615 | 5,637 | (19) |
Proceeds from disposals of shares in consolidated companies and of investments in non-consolidated companies | 107 | 107 | - | (3) | (4) | 1 |
Acquisitions of consolidated subsidiaries and equity method and other investments | (194) | (293) | - | (137) | (137) | - |
Cash and cash equivalents of FCA at the Merger | - | - | - | 22,514 | 22,185 | 329 |
Proceeds from disposals of tangible and intangible assets | 74 | 73 | 1 | 53 | 53 | - |
Investments in property, plant and equipment and intangible assets | (3,963) | (3,942) | (21) | (4,623) | (4,614) | (9) |
Change in amounts payable on property, plant and equipment and intangible assets | (446) | (446) | - | (368) | (368) | - |
Net change in receivables from financing activities | (319) | 37 | (354) | (560) | 67 | (693) |
Other changes | 75 | 71 | 4 | 48 | 48 | - |
Net cash from used in investing activities of discontinued operations | - | - | - | (3,117) | (3,117) | - |
Net cash from (used in) investing activities | (4,666) | (4,393) | (370) | 13,807 | 14,113 | (372) |
Distributions paid | (3,260) | (3,260) | (2) | (4,199) | (4,199) | - |
Proceeds from issuance of shares | - | - | 99 | 242 | 242 | - |
(Purchases) sales of treasury shares | 1 | 1 | - | (2) | (2) | - |
Changes in debt and other financial assets and liabilities | (6,643) | (6,787) | 160 | 2,200 | 1,686 | 577 |
Change in securities | (212) | (231) | 20 | - | - | - |
Other changes | 26 | 9 | - | (42) | (48) | 6 |
Net cash from (used in) financing activities of discontinued operations | - | - | - | - | - | - |
Net cash from (used in) financing activities | (10,088) | (10,268) | 277 | (1,801) | (2,321) | 583 |
Effect of changes in exchange rates | 1,637 | 1,609 | 28 | 298 | 293 | 5 |
Increase (decrease) in cash from held for sale | - | - | - | - | - | - |
Increase (decrease) in cash | (3,274) | (3,338) | 64 | 17,919 | 17,722 | 197 |
Net cash and cash equivalents at beginning of period | 49,629 | 48,616 | 1,013 | 22,893 | 22,301 | 592 |
NET CASH AND CASH EQUIVALENTS AT END OF PERIOD | 46,355 | 45,278 | 1,077 | 40,812 | 40,023 | 789 |
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Stellantis NV published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 20:29:39 UTC.