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10-Q Filing

VISTEON CORP CIK: 1111335 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001111335-16-000021
Period End Date 20160331
Filing Date 20160428
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance vc-20160331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 line items
Line Item Tag Value Unit Period
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $801.00M USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.73B USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Short-term Investments ShortTermInvestments $47.00M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 55.00M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 55.00M shares Point-in-time
Short-term Investments ShortTermInvestments - USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 40.00M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $7.00M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $8.00M USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 34.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $538.00M USD Point-in-time
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $502.00M USD Point-in-time
Inventories, net InventoryNet $187.00M USD Point-in-time
Inventories, net InventoryNet $182.00M USD Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Other current assets OtherAssetsCurrent $581.00M USD Point-in-time
Other current assets OtherAssetsCurrent $204.00M USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total current assets AssetsCurrent $1.73B USD Point-in-time
Total current assets AssetsCurrent $4.05B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $351.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $349.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetIncludingGoodwill $129.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetIncludingGoodwill $133.00M USD Point-in-time
Investments in non-consolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $56.00M USD Point-in-time
Investments in non-consolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $56.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $88.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $102.00M USD Point-in-time
Total assets Assets $2.37B USD Point-in-time
Total assets Assets $4.68B USD Point-in-time
Distribution Payable DistributionPayable $15.00M USD Point-in-time
Distribution Payable DistributionPayable $1.75B USD Point-in-time
Short-term debt, including current portion of long-term debt DebtCurrent $36.00M USD Point-in-time
Short-term debt, including current portion of long-term debt DebtCurrent $37.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $480.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $482.00M USD Point-in-time
Accrued employee liabilities EmployeeRelatedLiabilitiesCurrent $99.00M USD Point-in-time
Accrued employee liabilities EmployeeRelatedLiabilitiesCurrent $132.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $298.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $370.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $928.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.77B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $346.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $346.00M USD Point-in-time
Employee benefits EmployeeRelatedLiabilitiesNoncurrent $261.00M USD Point-in-time
Employee benefits EmployeeRelatedLiabilitiesNoncurrent $268.00M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $22.00M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $21.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $75.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $79.00M USD Point-in-time
Preferred stock (par value $0.01, 50 million shares authorized, none outstanding at March 31, 2016 and December 31, 2015) PreferredStockValue - USD Point-in-time
Preferred stock (par value $0.01, 50 million shares authorized, none outstanding at March 31, 2016 and December 31, 2015) PreferredStockValue - USD Point-in-time
Common stock (par value $0.01, 250 million shares authorized, 55 million and 55 million shares issued, and 34 million and 40 million shares outstanding at March 31, 2016 and December 31, 2015, respectively) CommonStockValue $1.00M USD Point-in-time
Common stock (par value $0.01, 250 million shares authorized, 55 million and 55 million shares issued, and 34 million and 40 million shares outstanding at March 31, 2016 and December 31, 2015, respectively) CommonStockValue $1.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.24B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.34B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.19B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.21B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-190.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-341.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-299.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-171.00M USD Point-in-time
Treasury stock TreasuryStockValue $1.29B USD Point-in-time
Treasury stock TreasuryStockValue $1.70B USD Point-in-time
Total Visteon Corporation stockholders' equity StockholdersEquity $586.00M USD Point-in-time
Total Visteon Corporation stockholders' equity StockholdersEquity $1.06B USD Point-in-time
Non-controlling interests MinorityInterest $142.00M USD Point-in-time
Non-controlling interests MinorityInterest $146.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.82B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.20B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $732.00M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.68B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.37B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Sales SalesRevenueGoodsNet $816.00M USD 1 Quarter
Sales SalesRevenueGoodsNet $802.00M USD 1 Quarter
Cost of sales CostOfGoodsSold $704.00M USD 1 Quarter
Cost of sales CostOfGoodsSold $681.00M USD 1 Quarter
Gross margin GrossProfit $121.00M USD 1 Quarter
Gross margin GrossProfit $112.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $56.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $58.00M USD 1 Quarter
Restructuring expense RestructuringCharges $3.00M USD 1 Quarter
Restructuring expense RestructuringCharges $10.00M USD 1 Quarter
Interest expense InterestExpense $5.00M USD 1 Quarter
Interest expense InterestExpense $4.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $2.00M USD 1 Quarter
Interest income InvestmentIncomeInterest - USD 1 Quarter
Equity in net income of (loss) non-consolidated affiliates Equityinnetincomeoflossnonconsolidatedaffiliates $-1.00M USD 1 Quarter
Equity in net income of (loss) non-consolidated affiliates Equityinnetincomeoflossnonconsolidatedaffiliates - USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-12.00M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-4.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $49.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $33.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $9.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $13.00M USD 1 Quarter
Net income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $24.00M USD 1 Quarter
Net income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $36.00M USD 1 Quarter
(Loss) income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $-13.00M USD 1 Quarter
(Loss) income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $46.00M USD 1 Quarter
Net income (loss) ProfitLoss $70.00M USD 1 Quarter
Net income (loss) ProfitLoss $23.00M USD 1 Quarter
Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $20.00M USD 1 Quarter
Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Net income (loss) attributable to Visteon Corporation NetIncomeLoss $19.00M USD 1 Quarter
Net income (loss) attributable to Visteon Corporation NetIncomeLoss $50.00M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.84 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.43 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $-0.34 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.70 USD 1 Quarter
Basic earnings (loss) attributable to Visteon Corporation EarningsPerShareBasic $1.13 USD 1 Quarter
Basic earnings (loss) attributable to Visteon Corporation EarningsPerShareBasic $0.50 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $0.42 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $0.83 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.68 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $-0.34 USD 1 Quarter
Diluted earnings (loss) attributable to Visteon Corporation EarningsPerShareDiluted $0.49 USD 1 Quarter
Diluted earnings (loss) attributable to Visteon Corporation EarningsPerShareDiluted $1.10 USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $20.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $42.00M USD 1 Quarter
Comprehensive income (loss) attributable to Visteon Corporation ComprehensiveIncomeNetOfTax $38.00M USD 1 Quarter
Comprehensive income (loss) attributable to Visteon Corporation ComprehensiveIncomeNetOfTax $8.00M USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $70.00M USD 1 Quarter
Net income (loss) ProfitLoss $23.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $68.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $21.00M USD 1 Quarter
Losses on divestitures and impairments Lossesondivestituresandimpairments $1.00M USD 1 Quarter
Losses on divestitures and impairments Lossesondivestituresandimpairments $14.00M USD 1 Quarter
Equity in net income of non-consolidated affiliates, net of dividends remitted IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $2.00M USD 1 Quarter
Equity in net income of non-consolidated affiliates, net of dividends remitted IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions - USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $2.00M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $3.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $62.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $24.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-9.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $29.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $4.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $110.00M USD 1 Quarter
Accrued income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-18.00M USD 1 Quarter
Accrued income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-43.00M USD 1 Quarter
Other assets and other liabilities IncreaseDecreaseInOtherOperatingCapitalNet $51.00M USD 1 Quarter
Other assets and other liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-19.00M USD 1 Quarter
Net cash provided from operating activities NetCashProvidedByUsedInOperatingActivities $-58.00M USD 1 Quarter
Net cash provided from operating activities NetCashProvidedByUsedInOperatingActivities $173.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $55.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $25.00M USD 1 Quarter
Climate Transaction Withholding Tax Refund ClimateTransactionWithholdingTaxRefund $356.00M USD 1 Quarter
Climate Transaction Withholding Tax Refund ClimateTransactionWithholdingTaxRefund - USD 1 Quarter
Short-term Investments PaymentsForProceedsFromShortTermInvestments - USD 1 Quarter
Short-term Investments PaymentsForProceedsFromShortTermInvestments $-47.00M USD 1 Quarter
Loan to non-consolidated affiliate Loantononconsolidatedaffiliate $8.00M USD 1 Quarter
Loan to non-consolidated affiliate Loantononconsolidatedaffiliate $10.00M USD 1 Quarter
Proceeds from asset sales ProceedsFromSaleOfPropertyPlantAndEquipment $3.00M USD 1 Quarter
Proceeds from asset sales ProceedsFromSaleOfPropertyPlantAndEquipment $3.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $8.00M USD 1 Quarter
Net cash provided from (used by) investing activities NetCashProvidedByUsedInInvestingActivities $373.00M USD 1 Quarter
Net cash provided from (used by) investing activities NetCashProvidedByUsedInInvestingActivities $-70.00M USD 1 Quarter
Short-term debt, net ProceedsFromRepaymentsOfShortTermDebt - USD 1 Quarter
Short-term debt, net ProceedsFromRepaymentsOfShortTermDebt $-10.00M USD 1 Quarter
Principal payments on debt RepaymentsOfLongTermDebt $3.00M USD 1 Quarter
Principal payments on debt RepaymentsOfLongTermDebt $1.00M USD 1 Quarter
Distribution payments PaymentsOfCapitalDistribution - USD 1 Quarter
Distribution payments PaymentsOfCapitalDistribution $1.74B USD 1 Quarter
Payments for Repurchase of Common Stock PaymentsForRepurchaseOfCommonStock $500.00M USD 1 Quarter
Payments for Repurchase of Common Stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest $3.00M USD 1 Quarter
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest - USD 1 Quarter
Stock warrant and option exercises Stockwarrantandoptionexercises - USD 1 Quarter
Stock warrant and option exercises Stockwarrantandoptionexercises $10.00M USD 1 Quarter
Payments Related to Tax Withholding for Share-based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Payments Related to Tax Withholding for Share-based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $11.00M USD 1 Quarter
Net cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-2.25B USD 1 Quarter
Net cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-6.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $7.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-17.00M USD 1 Quarter
Net increase (decrease) in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $80.00M USD 1 Quarter
Net increase (decrease) in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.93B USD 1 Quarter
Cash and equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $907.00M USD Point-in-time
Cash and equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $827.00M USD Point-in-time
Cash and equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $2.73B USD Point-in-time
Cash and equivalents at beginning of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $803.00M USD Point-in-time
Cash and equivalents at end of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $2.73B USD Point-in-time
Cash and equivalents at end of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $803.00M USD Point-in-time
Cash and equivalents at end of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $827.00M USD Point-in-time
Cash and equivalents at end of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $907.00M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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