|
Three Months Ended |
|
Twelve Months Ended | ||||||||
|
December 31 |
|
December 31 | ||||||||
Electronics and corporate |
2016 |
|
2015 |
|
2016 |
|
2015 | ||||
Adjusted EBITDA |
$ |
98 |
|
$ |
83 |
|
$ |
346 |
|
$ |
294 |
Depreciation and amortization |
22 |
|
22 |
|
84 |
|
83 | ||||
Restructuring expense |
26 |
|
18 |
|
37 |
|
36 | ||||
Interest expense, net |
2 |
|
1 |
|
12 |
|
14 | ||||
Loss on debt extinguishment |
— |
|
— |
|
— |
|
5 | ||||
Equity in net loss (income) of non-consolidated affiliates |
1 |
|
1 |
|
(2) |
|
5 | ||||
Loss (gain) on non-consolidated affiliates |
1 |
|
— |
|
— |
|
— | ||||
Other expense, net |
7 |
|
6 |
|
10 |
|
35 | ||||
Provision for income taxes |
14 |
|
2 |
|
41 |
|
45 | ||||
Net income attributable to non-controlling interests |
3 |
|
3 |
|
16 |
|
20 | ||||
Non-cash, stock-based compensation expense |
2 |
|
5 |
|
9 |
|
15 | ||||
Other |
— |
|
— |
|
— |
|
(3) | ||||
Net income |
$ |
20 |
|
$ |
25 |
|
$ |
139 |
|
$ |
39 |
Loss (income) from discontinued operations, net of tax |
25 |
|
(92) |
|
40 |
|
(2,286) | ||||
All other loss (income), net of tax |
(7) |
|
96 |
|
24 |
|
41 | ||||
Net income attributable to Visteon |
$ |
2 |
|
$ |
21 |
|
$ |
75 |
|
$ |
2,284 |
Visteon Reports Strong 2016 Financial Results, Driven by Record Performance
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