Visteon Reports Strong 2016 Financial Results, Driven by Record Performance

 


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


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