FY 2021 Results
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME
FY 2021
RESULTS FROM CONTINUING OPERATIONS
STELLANTIS
€ million
North
America
South
America
Enlarged
Europe
Middle East
& Africa
China and
India & Asia
Pacific
Maserati
Other (1)
Stellantis
Net Profit from Continuing Operations
13,218
1,911
Tax Expense
Net Financial Expenses
Share of the Profit of Equity Method Investees
Operating Income
Adjustments:
Restructuring and Other Costs, Net of Reversals (2)
Change in Estimate of Non-Contractual Warranties (3)
Reversal of Inventory FV Adjustment in Purchase Accounting (4)
Impairment Expense and Supplier Obligations (5)
Brazilian Indirect Tax - Reversal of Liability/Recognition
of Credits (6)
Other (7)
Total Adjustments Jan 1 - Dec 31 '21
Less: Adjustments Jan 1 - 16 '21 (8)
734
(737)
15,126
(4)
54
781
མཧཱུྃ༞ །
2
68
581
401
13
89
58
6
233
2516
57
13
19
1116
39
873
11
732
522
309
(253)
1
(253)
228
41
(17)
(6)
7
2
274
529
685
(71)
1,667
59
39
20
313
2,712
11
5,419
554
444
116
(682)
17,827
Adjusted Operating Income
11,103
873
(1) Other activities, unallocated items and eliminations
(5)
Primarily related to certain vehicle platforms in Enlarged Europe
(2) Restructuring and other costs related to reorganization of operations and dealer network, primarily in Enlarged Europe
(3) Change in estimate for warranty costs incurred after the contractual warranty period
(6)
Benefit related to final decision of Brazilian Supreme Court on calculation of state value added tax
(7)
Includes other costs primarily related to merger and integration activities
(4) Reversal of fair value adjustment recognized in purchase accounting on FCA inventories
(8) Primarily costs related to the Merger
February 23, 2022
FY 2021 RESULTS | 49View entire presentation