What does powertrain systems — restructuring charges mean?

Costs associated with reorganizing or downsizing the Powertrain Systems business segment.

How do you interpret powertrain systems — restructuring charges?

An increase suggests active operational streamlining or a response to declining segment performance, while a decrease indicates operational stability.

How does powertrain systems — restructuring charges compare across companies?

Commonly reported by automotive suppliers as 'restructuring' or 'special charges' within segment disclosures.

Aptiv APTV Powertrain Systems — Restructuring Charges

Discontinued — last reported Q4 '16

Similar metrics at other companies

BWADrivetrain — Restructuring expense

$36M+500%

RRXIndustrial Powertrain Solutions — Total restructuring and restructuring-related costs

$3.9M-55.7%

HUBBPower — Restructuring Charges

$7.3M+170%

BWAPowerDrive Systems — Restructuring and related plan

$75M—

BWAe-Propulsion & Drivetrain — Restructuring expense (Note 4)

$0-100%

MODPerformance Technologies — Restructuring Charges

$2.2M-67.6%

Other financials

Income statement

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Revenue$5.1B+5.4%

Gross profit$920.0M0.0%

Operating income$378.0M-15.6%

Net income$189.0M+1,818%

EPS (diluted)$0.88+1,860%

Balance sheet

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Cash & equivalents$3.2B+188%

Total debt$9.9B+17.1%

Total equity$9.2B+3.0%

Total assets$25.2B+9.1%

Cash flow

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Operating cash flow-$143.0M-152%

CapEx$219.0M+11.2%

Free cash flow-$362.0M-576%

Valuation

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Market cap$13.48B+8.4%

Enterprise value$20.19B+2.5%

P/E36.9×+28.9×

P/S0.7×0.0×

Profitability

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Gross margin18.9%-0.2pp

Operating margin5.4%-4.1pp

Net margin1.8%-6.2pp

FCF margin5.3%-3.4pp

Returns & leverage

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Return on equity4%-11.5pp

Debt / equity1.1×+0.1×

Current ratio2.1×+0.5×

Where this comes from

Reported directly by Aptiv in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Aptiv’s 10-K, filed February 5, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does powertrain systems — restructuring charges mean?: Costs associated with reorganizing or downsizing the Powertrain Systems business segment.
How do you interpret powertrain systems — restructuring charges?: An increase suggests active operational streamlining or a response to declining segment performance, while a decrease indicates operational stability.
How does powertrain systems — restructuring charges compare across companies?: Commonly reported by automotive suppliers as 'restructuring' or 'special charges' within segment disclosures.