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10-Q Filing

ADIENT PLC CIK: 1670541 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001670541-19-000003
Period End Date 20181231
Filing Date 20190211
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance adnt-20181231.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $406.00M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 100.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $709.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $687.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $390.00M USD Point-in-time
Accounts receivable - net AccountsAndOtherReceivablesNetCurrent $2.09B USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable - net AccountsAndOtherReceivablesNetCurrent $1.77B USD Point-in-time
Inventories InventoryNet $839.00M USD Point-in-time
Inventories InventoryNet $824.00M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Other current assets OtherAssetsCurrent $657.00M USD Point-in-time
Other current assets OtherAssetsCurrent $707.00M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Current assets AssetsCurrent $4.31B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Current assets AssetsCurrent $3.67B USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 93.52M shares Point-in-time
Property, plant and equipment - net PropertyPlantAndEquipmentNet $1.70B USD Point-in-time
Property, plant and equipment - net PropertyPlantAndEquipmentNet $1.68B USD Point-in-time
Goodwill Goodwill $2.17B USD Point-in-time
Goodwill Goodwill $2.18B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 93.52M shares Point-in-time
Other intangible assets - net IntangibleAssetsNetExcludingGoodwill $449.00M USD Point-in-time
Other intangible assets - net IntangibleAssetsNetExcludingGoodwill $460.00M USD Point-in-time
Investments in partially-owned affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $1.49B USD Point-in-time
Investments in partially-owned affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $1.41B USD Point-in-time
Assets held for sale DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent - USD Point-in-time
Assets held for sale DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent $37.00M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $864.00M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $882.00M USD Point-in-time
Total assets Assets $10.94B USD Point-in-time
Total assets Assets $10.36B USD Point-in-time
Short-term debt ShortTermBorrowings $6.00M USD Point-in-time
Short-term debt ShortTermBorrowings $8.00M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $2.00M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $2.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.59B USD Point-in-time
Accounts payable AccountsPayableCurrent $3.10B USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $316.00M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $331.00M USD Point-in-time
Restructuring reserve RestructuringReserve $150.00M USD Point-in-time
Restructuring reserve RestructuringReserve $141.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $609.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $611.00M USD Point-in-time
Current liabilities LiabilitiesCurrent $4.19B USD Point-in-time
Current liabilities LiabilitiesCurrent $3.67B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $3.42B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $3.40B USD Point-in-time
Pension and postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $124.00M USD Point-in-time
Pension and postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $119.00M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $440.00M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $414.00M USD Point-in-time
Long-term liabilities LiabilitiesNoncurrent $3.99B USD Point-in-time
Long-term liabilities LiabilitiesNoncurrent $3.93B USD Point-in-time
Commitments and Contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityOtherCarryingAmount $47.00M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityOtherCarryingAmount $27.00M USD Point-in-time
Preferred shares issued, par value $0.001; 100,000,000 shares authorized Zero shares issued and outstanding at December 31, 2018 PreferredStockValue - USD Point-in-time
Preferred shares issued, par value $0.001; 100,000,000 shares authorized Zero shares issued and outstanding at December 31, 2018 PreferredStockValue - USD Point-in-time
Ordinary shares issued, par value $0.001; 500,000,000 shares authorized 93,518,237 shares issued and outstanding at December 31, 2018 CommonStockValue - USD Point-in-time
Ordinary shares issued, par value $0.001; 500,000,000 shares authorized 93,518,237 shares issued and outstanding at December 31, 2018 CommonStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.95B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.95B USD Point-in-time
Retained earnings (accumulated deficit) RetainedEarningsAccumulatedDeficit $-1.07B USD Point-in-time
Retained earnings (accumulated deficit) RetainedEarningsAccumulatedDeficit $-1.03B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-531.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-518.00M USD Point-in-time
Shareholders' equity attributable to Adient StockholdersEquity $2.37B USD Point-in-time
Shareholders' equity attributable to Adient StockholdersEquity $2.39B USD Point-in-time
Noncontrolling interests MinorityInterest $358.00M USD Point-in-time
Noncontrolling interests MinorityInterest $325.00M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.43B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.72B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.72B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.59B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $10.94B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $10.36B USD Point-in-time
Income Statement 39 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.16B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $4.20B USD 1 Quarter
Cost of sales CostOfRevenue $4.00B USD 1 Quarter
Cost of sales CostOfRevenue $3.98B USD 1 Quarter
Gross profit GrossProfit $180.00M USD 1 Quarter
Gross profit GrossProfit $201.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $178.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $196.00M USD 1 Quarter
Restructuring and impairment costs RestructuringCostsAndAssetImpairmentCharges - USD 1 Quarter
Restructuring and impairment costs RestructuringCostsAndAssetImpairmentCharges $31.00M USD 1 Quarter
Equity income (loss) IncomeLossFromEquityMethodInvestments $83.00M USD 1 Quarter
Equity income (loss) IncomeLossFromEquityMethodInvestments $96.00M USD 1 Quarter
Earnings (loss) before interest and income taxes IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet $101.00M USD 1 Quarter
Earnings (loss) before interest and income taxes IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet $54.00M USD 1 Quarter
Net financing charges InterestIncomeExpenseNet $-33.00M USD 1 Quarter
Net financing charges InterestIncomeExpenseNet $-35.00M USD 1 Quarter
Other pension expense (income) PensionExpense $-2.00M USD 1 Quarter
Other pension expense (income) PensionExpense $-1.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $21.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $69.00M USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $10.00M USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $265.00M USD 1 Quarter
Net income (loss) ProfitLoss $11.00M USD 1 Quarter
Net income (loss) ProfitLoss $-196.00M USD 1 Quarter
Income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $20.00M USD 1 Quarter
Income (loss) attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $28.00M USD 1 Quarter
Net income (loss) attributable to Adient NetIncomeLoss $-17.00M USD 1 Quarter
Net income (loss) attributable to Adient NetIncomeLoss $-216.00M USD 1 Quarter
Earnings per share, basic (in dollars per share) EarningsPerShareBasic $-0.18 USD 1 Quarter
Earnings per share, basic (in dollars per share) EarningsPerShareBasic $-2.32 USD 1 Quarter
Earnings per share, diluted (in dollars per share) EarningsPerShareDiluted $-2.32 USD 1 Quarter
Earnings per share, diluted (in dollars per share) EarningsPerShareDiluted $-0.18 USD 1 Quarter
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.28 USD Point-in-time
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.28 USD 1 Quarter
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.28 USD 1 Quarter
Shares used in computing earnings per share, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 93.20M shares 1 Quarter
Shares used in computing earnings per share, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 93.50M shares 1 Quarter
Shares used in computing earnings per share, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 93.50M shares 1 Quarter
Shares used in computing earnings per share, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 93.20M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Purchase accounting amortization FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments $-5.00M USD 1 Quarter
Purchase accounting amortization FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments - USD 1 Quarter
Net income (loss) attributable to Adient NetIncomeLoss $-17.00M USD 1 Quarter
Net income (loss) attributable to Adient NetIncomeLoss $-216.00M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $20.00M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $28.00M USD 1 Quarter
Net income (loss) ProfitLoss $11.00M USD 1 Quarter
Net income (loss) ProfitLoss $-196.00M USD 1 Quarter
Depreciation Depreciation $65.00M USD 1 Quarter
Depreciation Depreciation $96.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $12.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $10.00M USD 1 Quarter
Pension and postretirement benefit expense (benefit) PensionAndOtherPostretirementBenefitExpense $1.00M USD 1 Quarter
Pension and postretirement benefit expense (benefit) PensionAndOtherPostretirementBenefitExpense $1.00M USD 1 Quarter
Pension and postretirement contributions, net IncreasedecreasePensionOPEB $6.00M USD 1 Quarter
Pension and postretirement contributions, net IncreasedecreasePensionOPEB $-13.00M USD 1 Quarter
Equity in earnings of partially-owned affiliates, net of dividends received (includes purchase accounting amortization of $0, and $5, respectively) IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $82.00M USD 1 Quarter
Equity in earnings of partially-owned affiliates, net of dividends received (includes purchase accounting amortization of $0, and $5, respectively) IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $90.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $260.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-2.00M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $16.00M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $6.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-2.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-7.00M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-170.00M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-320.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $22.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $19.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-35.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $23.00M USD 1 Quarter
Restructuring reserves IncreaseDecreaseInRestructuringReserve $-32.00M USD 1 Quarter
Restructuring reserves IncreaseDecreaseInRestructuringReserve $-14.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-296.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-451.00M USD 1 Quarter
Accrued income taxes IncreaseDecreaseInAccruedTaxesPayable $-38.00M USD 1 Quarter
Accrued income taxes IncreaseDecreaseInAccruedTaxesPayable $-9.00M USD 1 Quarter
Cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivities $-127.00M USD 1 Quarter
Cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivities $-128.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $143.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $144.00M USD 1 Quarter
Sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.00M USD 1 Quarter
Sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $37.00M USD 1 Quarter
Changes in long-term investments PaymentsForProceedsFromInvestments - USD 1 Quarter
Changes in long-term investments PaymentsForProceedsFromInvestments $5.00M USD 1 Quarter
Loans to affiliates PaymentsForAdvanceToAffiliate - USD 1 Quarter
Loans to affiliates PaymentsForAdvanceToAffiliate $11.00M USD 1 Quarter
Cash provided (used) by investing activities NetCashProvidedByUsedInInvestingActivities $-146.00M USD 1 Quarter
Cash provided (used) by investing activities NetCashProvidedByUsedInInvestingActivities $-118.00M USD 1 Quarter
Increase (decrease) in short-term debt ProceedsFromRepaymentsOfShortTermDebt $1.00M USD 1 Quarter
Increase (decrease) in short-term debt ProceedsFromRepaymentsOfShortTermDebt $2.00M USD 1 Quarter
Debt financing costs PaymentsOfFinancingCosts $4.00M USD 1 Quarter
Debt financing costs PaymentsOfFinancingCosts - USD 1 Quarter
Cash dividends PaymentsOfDividends $26.00M USD 1 Quarter
Cash dividends PaymentsOfDividends $26.00M USD 1 Quarter
Dividends paid to noncontrolling interests PaymentsOfDividendsMinorityInterest $20.00M USD 1 Quarter
Dividends paid to noncontrolling interests PaymentsOfDividendsMinorityInterest $36.00M USD 1 Quarter
Formation of consolidated joint venture ProceedsFromContributionsFromAffiliates $28.00M USD 1 Quarter
Formation of consolidated joint venture ProceedsFromContributionsFromAffiliates - USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-2.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-4.00M USD 1 Quarter
Cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivities $-38.00M USD 1 Quarter
Cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivities $-49.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $3.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $3.00M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-281.00M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-319.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $406.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $709.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $687.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $390.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $406.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $709.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $687.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $390.00M USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $11.00M USD 1 Quarter
Net income (loss) ProfitLoss $-196.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $76.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $16.00M USD 1 Quarter
Realized and unrealized gains (losses) on derivatives OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-10.00M USD 1 Quarter
Realized and unrealized gains (losses) on derivatives OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-3.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $66.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $13.00M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $24.00M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-130.00M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $25.00M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $28.00M USD 1 Quarter
Comprehensive income (loss) attributable to Adient ComprehensiveIncomeNetOfTax $-4.00M USD 1 Quarter
Comprehensive income (loss) attributable to Adient ComprehensiveIncomeNetOfTax $-155.00M USD 1 Quarter

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

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