Financial Review and Product Capabilities
Non-GAAP Financial Information
Core Operating Earnings and Adjusted Margins
(in millions)
Net sales
Net income attributable to Lear
Full Year
Interest expense
Other (income) expense, net
Income taxes
Equity in net income of affiliates
Net income attributable to noncontrolling interests
2012
2017
$ 14,567.0
$ 20,467.0
$ 1,282.8
$ 1,313.4
49.9
85.7
6.4
(4.1)
(638.0)
197.5
(30.3)
(51.7)
34.4
67.5
Pretax income before equity income, interest
and other (income) expense
$
705.2
$ 1,608.3
Costs related to restructuring actions
Acquisition and other related costs
55.7
6.2
75.4
3.8
Acquisition-related inventory fair value adjustment
5.0
Litigation
13.9
Insurance recoveries, net related to the
destruction of assets
Other
Core operating earnings
Adjusted margins
(14.6)
10.1
12.6
$
762.6
$ 1,719.0
5.2%
8.4%
LEAR
CORPORATION
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