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10-Q Filing

VISTEON CORP CIK: 1111335 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001111335-18-000008
Period End Date 20180331
Filing Date 20180426
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance vc-20180331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 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
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $523.00M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $706.00M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 55.00M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $3.00M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $3.00M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 55.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $498.00M USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 30.00M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 31.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $530.00M 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
Inventories, net InventoryNet $199.00M USD Point-in-time
Inventories, net InventoryNet $189.00M USD Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Other current assets OtherAssetsCurrent $194.00M USD Point-in-time
Other current assets OtherAssetsCurrent $175.00M USD 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
Total current assets AssetsCurrent $1.60B USD Point-in-time
Total current assets AssetsCurrent $1.42B 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
Property and equipment, net PropertyPlantAndEquipmentNet $377.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $389.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetIncludingGoodwill $133.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetIncludingGoodwill $132.00M USD Point-in-time
Investments in non-consolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $45.00M USD Point-in-time
Investments in non-consolidated affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $41.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $151.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $161.00M USD Point-in-time
Total assets Assets $2.30B USD Point-in-time
Total assets Assets $2.15B USD Point-in-time
Short-term debt, including current portion of long-term debt DebtCurrent $46.00M USD Point-in-time
Short-term debt, including current portion of long-term debt DebtCurrent $35.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $493.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $470.00M USD Point-in-time
Accrued employee liabilities EmployeeRelatedLiabilitiesCurrent $105.00M USD Point-in-time
Accrued employee liabilities EmployeeRelatedLiabilitiesCurrent $80.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $179.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $180.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $787.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $801.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $347.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $347.00M USD Point-in-time
Employee benefits EmployeeRelatedLiabilitiesNoncurrent $277.00M USD Point-in-time
Employee benefits EmployeeRelatedLiabilitiesNoncurrent $275.00M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $22.00M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $23.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $95.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $99.00M USD Point-in-time
Preferred stock (par value $0.01, 50 million shares authorized, none outstanding as of March 31, 2018 and December 31, 2017) PreferredStockValue - USD Point-in-time
Preferred stock (par value $0.01, 50 million shares authorized, none outstanding as of March 31, 2018 and December 31, 2017) PreferredStockValue - USD Point-in-time
Common stock (par value $0.01, 250 million shares authorized, 55 million shares issued, 30 and 31 million shares outstanding as of March 31, 2018 and December 31, 2017, respectively) CommonStockValue $1.00M USD Point-in-time
Common stock (par value $0.01, 250 million shares authorized, 55 million shares issued, 30 and 31 million shares outstanding as of March 31, 2018 and December 31, 2017, respectively) CommonStockValue $1.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.34B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.29B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.51B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.45B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-211.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-157.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-174.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-233.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-174.00M USD Point-in-time
Treasury stock TreasuryStockValue $2.14B USD Point-in-time
Treasury stock TreasuryStockValue $1.97B USD Point-in-time
Total Visteon Corporation stockholders' equity StockholdersEquity $506.00M USD Point-in-time
Total Visteon Corporation stockholders' equity StockholdersEquity $637.00M USD Point-in-time
Non-controlling interests MinorityInterest $109.00M USD Point-in-time
Non-controlling interests MinorityInterest $124.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $680.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $761.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $615.00M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.30B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.15B USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Sales SalesRevenueGoodsNet $814.00M USD 1 Quarter
Sales SalesRevenueGoodsNet $810.00M USD 1 Quarter
Cost of sales CostOfGoodsSold $681.00M USD 1 Quarter
Cost of sales CostOfGoodsSold $685.00M USD 1 Quarter
Gross margin GrossProfit $129.00M USD 1 Quarter
Gross margin GrossProfit $129.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $52.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $44.00M USD 1 Quarter
Restructuring charges, net of reversals Restructuringchargesnetofreversals $1.00M USD 1 Quarter
Restructuring charges, net of reversals Restructuringchargesnetofreversals $5.00M USD 1 Quarter
Interest expense InterestExpense $4.00M USD 1 Quarter
Interest expense InterestExpense $6.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $2.00M USD 1 Quarter
Equity in net income of (loss) non-consolidated affiliates Equityinnetincomeoflossnonconsolidatedaffiliates $3.00M USD 1 Quarter
Equity in net income of (loss) non-consolidated affiliates Equityinnetincomeoflossnonconsolidatedaffiliates $2.00M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $7.00M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $2.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $75.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $88.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $16.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $21.00M USD 1 Quarter
Net income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $59.00M USD 1 Quarter
Net income (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $67.00M USD 1 Quarter
(Loss) income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $8.00M USD 1 Quarter
(Loss) income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $2.00M USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $2.00M USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $8.00M USD 1 Quarter
Net income (loss) ProfitLoss $69.00M USD 1 Quarter
Net income (loss) ProfitLoss $67.00M USD 1 Quarter
Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Net income (loss) attributable to Visteon Corporation NetIncomeLoss $63.00M USD 1 Quarter
Net income (loss) attributable to Visteon Corporation NetIncomeLoss $65.00M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $1.69 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $2.07 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.07 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.25 USD 1 Quarter
Basic earnings (loss) attributable to Visteon Corporation EarningsPerShareBasic $2.14 USD 1 Quarter
Basic earnings (loss) attributable to Visteon Corporation EarningsPerShareBasic $1.94 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $1.67 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $2.05 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.06 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.24 USD 1 Quarter
Diluted earnings (loss) attributable to Visteon Corporation EarningsPerShareDiluted $2.11 USD 1 Quarter
Diluted earnings (loss) attributable to Visteon Corporation EarningsPerShareDiluted $1.91 USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $92.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $90.00M USD 1 Quarter
Comprehensive income (loss) attributable to Visteon Corporation ComprehensiveIncomeNetOfTax $82.00M USD 1 Quarter
Comprehensive income (loss) attributable to Visteon Corporation ComprehensiveIncomeNetOfTax $85.00M USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Cash and Cash Equivalents, at Carrying Value RestrictedCashAndCashEquivalents $692.00M USD Point-in-time
Cash and Cash Equivalents, at Carrying Value RestrictedCashAndCashEquivalents $526.00M USD Point-in-time
Net income (loss) ProfitLoss $69.00M USD 1 Quarter
Net income (loss) ProfitLoss $67.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $19.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $22.00M 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 $3.00M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $2.00M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $-6.00M USD 1 Quarter
Gain on repurchase of India operations GainonrepurchaseofIndiaoperations - USD 1 Quarter
Gain on repurchase of India operations GainonrepurchaseofIndiaoperations $7.00M USD 1 Quarter
Gain (Loss) on Disposition of Assets GainLossOnDispositionOfAssets1 $-1.00M USD 1 Quarter
Gain (Loss) on Disposition of Assets GainLossOnDispositionOfAssets1 $3.00M USD 1 Quarter
Other Noncash Income (Expense) OtherNoncashIncomeExpense $-3.00M USD 1 Quarter
Other Noncash Income (Expense) OtherNoncashIncomeExpense - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-48.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $39.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $8.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $6.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $18.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $30.00M USD 1 Quarter
Other assets and other liabilities IncreaseDecreaseInOtherOperatingCapitalNet $65.00M USD 1 Quarter
Other assets and other liabilities IncreaseDecreaseInOtherOperatingCapitalNet $70.00M USD 1 Quarter
Net cash provided from operating activities NetCashProvidedByUsedInOperatingActivities $-11.00M USD 1 Quarter
Net cash provided from operating activities NetCashProvidedByUsedInOperatingActivities $81.00M USD 1 Quarter
Payments to acquire property, plant, equipment, and intangible assets Paymentstoacquirepropertyplantequipmentandintangibleassets $32.00M USD 1 Quarter
Payments to acquire property, plant, equipment, and intangible assets Paymentstoacquirepropertyplantequipmentandintangibleassets $44.00M USD 1 Quarter
Payments to Acquire Businesses and Interest in Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates - USD 1 Quarter
Payments to Acquire Businesses and Interest in Affiliates PaymentsToAcquireBusinessesAndInterestInAffiliates $47.00M USD 1 Quarter
Payments associated with business divestitures, net ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets - USD 1 Quarter
Payments associated with business divestitures, net ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets $10.00M USD 1 Quarter
Loans to non-consolidated affiliates, net of repayments Loanstononconsolidatedaffiliatesnetofrepayments $-2.00M USD 1 Quarter
Loans to non-consolidated affiliates, net of repayments Loanstononconsolidatedaffiliatesnetofrepayments - USD 1 Quarter
Payments for (Proceeds from) Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities $-1.00M USD 1 Quarter
Net cash provided from (used by) investing activities NetCashProvidedByUsedInInvestingActivities $-41.00M USD 1 Quarter
Net cash provided from (used by) investing activities NetCashProvidedByUsedInInvestingActivities $-69.00M USD 1 Quarter
Short-term debt, net ProceedsFromRepaymentsOfShortTermDebt $-12.00M USD 1 Quarter
Short-term debt, net ProceedsFromRepaymentsOfShortTermDebt $15.00M USD 1 Quarter
Principal payments on debt RepaymentsOfLongTermDebt - USD 1 Quarter
Principal payments on debt RepaymentsOfLongTermDebt $2.00M USD 1 Quarter
Distribution payments PaymentsOfCapitalDistribution $1.00M USD 1 Quarter
Distribution payments PaymentsOfCapitalDistribution $14.00M USD 1 Quarter
Distribution payments PaymentsOfCapitalDistribution $1.74B USD Annual
Payments for Repurchase of Common Stock PaymentsForRepurchaseOfCommonStock $125.00M USD 1 Quarter
Payments for Repurchase of Common Stock PaymentsForRepurchaseOfCommonStock $200.00M USD 1 Quarter
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest $1.00M USD 1 Quarter
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest - USD 1 Quarter
Proceeds from (Payments for) Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities $-3.00M USD 1 Quarter
Proceeds from (Payments for) Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities $-3.00M USD 1 Quarter
Net cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-116.00M USD 1 Quarter
Net cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-230.00M USD 1 Quarter
Net increase (decrease) in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-190.00M USD 1 Quarter
Net increase (decrease) in cash and equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-183.00M USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $709.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $882.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $709.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of the period CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $882.00M USD Point-in-time
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $6.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $7.00M USD 1 Quarter

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

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