EX-99.1 2 exhibit991-fcanv20201231ad.htm EX-99.1 SUPPLEMENTAL INFORMATION FINANCIAL DATA BY ACTIVITY DECEMBER 31, 2020 Document
fcagrouplogo1b.jpg
Exhibit 99.1
Income Statement by activity
Unaudited
For the year ended December 31, 2020For the year ended December 31, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
Net revenues
86,676 86,537 247 108,187 107,976 338 
Cost of revenues
75,962 75,931 139 93,164 93,095 196 
Selling, general and other costs
5,501 5,484 17 6,455 6,432 23 
Research and development costs
2,979 2,979 — 3,612 3,612 — 
Result from investments
179 (69)248 209 (20)229 
Gains on disposal of investments
4 4 — 15 15 — 
Restructuring costs
73 73 — 154 154 — 
Net financial expenses
988 988 — 1,005 1,005 — 
Profit before taxes
1,356 1,017 339 4,021 3,673 348 
Tax expense
1,332 1,300 32 1,321 1,283 38 
Result from intersegment investments
— 307 — — 310 — 
Net profit from continuing operations
24 24 307 2,700 2,700 310 
Profit from discontinued operations, net of tax
— — — 3,930 3,930 — 
Net profit
24 24 307 6,630 6,630 310 
Adjusted EBIT
3,742 3,404 338 6,668 6,321 347 
For the year ended December 31, 2019, until its deconsolidation on completion of the sale transaction on May 2, 2019, the Adjusted EBIT related to Magneti Marelli that was excluded from the FCA Group's Adjusted EBIT result was €218 million net of intercompany eliminations. The Adjusted EBIT for Magneti Marelli related to Industrial activities only.

fcagrouplogo1b.jpg
Statement of Financial Position by activity
Unaudited
At December 31, 2020At December 31, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
Assets
Goodwill and intangible assets with indefinite useful lives13,055 13,055 — 14,257 14,257 — 
Other intangible assets
12,519 12,514 5 12,447 12,442 5 
Property, plant and equipment
27,582 27,578 4 28,608 28,605 3 
Investments and other financial assets
3,268 3,666 1,825 3,019 3,467 1,549 
Deferred tax assets
1,096 1,072 24 1,689 1,660 29 
Inventories
8,094 8,076 18 9,722 9,722 — 
Assets sold with a buy-back commitment852 852 — 1,626 1,626 — 
Trade receivables 1,581 1,585 143 2,064 2,067 30 
Receivables from financing activities 2,416 829 2,329 3,155 1,106 3,176 
Tax receivables 184 176 8 466 459 7 
Other assets4,918 4,913 6 5,601 5,594 7 
Cash and cash equivalents 23,846 23,691 155 15,014 14,867 147 
Assets held for sale319 319 — 376 376 — 
TOTAL ASSETS
99,730 98,326 4,517 98,044 96,248 4,953 
Equity and Liabilities
Equity25,861 25,861 2,221 28,675 28,675 1,995 
Employee benefits liabilities8,920 8,918 2 9,051 9,049 2 
Provisions 12,221 12,218 5 14,005 14,000 7 
Deferred tax liabilities 1,845 1,845 — 1,628 1,628 — 
Debt 21,117 19,857 1,997 12,901 11,278 2,750 
Trade payables 20,576 20,575 141 21,616 21,610 26 
Other financial liabilities633 633 — 318 318 — 
Tax liabilities476 458 22 400 378 27 
Other liabilities 7,878 7,750 129 9,214 9,072 146 
Liabilities held for sale203 211 — 236 240 — 
TOTAL EQUITY AND LIABILITIES
99,730 98,326 4,517 98,04496,2484,953




fcagrouplogo1b.jpg
Statement of Cash Flows by activity
Unaudited


For the year ended December 31, 2020For the year ended December 31, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
CASH FLOW FROM OPERATING ACTIVITIES:
Net (loss)/profit from continuing operations24 24 307 2,700 2,700 310 
Amortization and depreciation
5,143 5,140 3 5,445 5,442 3 
Net losses/(gains) on disposal of non-current assets and other non-cash items1,173 1,111 (245)1,545 1,458 (223)
Dividends received
73 95 — 156 161 — 
Change in provisions
(434)(434)— (1,744)(1,742)(2)
Change in deferred taxes
894 892 2 864 858 6 
Change in items due to buy back commitments and GDP vehicles(249)(246)(3)(65)(65)— 
Change in working capital
2,559 2,572 (13)1,869 1,884 (15)
Cash flows (used in)/from operating activities - discontinued operations— — — (308)(308)— 
TOTAL
9,183 9,154 51 10,462 10,388 79 
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES:
Investments in property, plant and equipment and intangible assets (8,600)(8,598)(2)(8,385)(8,383)(2)
Investments in joint ventures, associates and unconsolidated subsidiaries(63)(63)— (2)(2)— 
Proceeds from the sale of tangible, intangible assets and other investments148 148 — 53 53 — 
Net cash proceeds from disposal of discontinued operations— — — 5,348 5,348 — 
Net change in receivables from financing activities 396 (124)520 336 119 217 
Change in securities207 276 (69)(235)(235)— 
Other changes (3)(5)2 55 55 — 
Cash flows used in investing activities - discontinued operations— — — (155)(155)— 
TOTAL
(7,915)(8,366)451 (2,985)(3,200)215 
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES:
Net change in debt and other financial assets/liabilities9,087 9,536 (449)(3,096)(2,782)(314)
Distributions paid— — (22)(3,056)(3,056)(5)
Cash flows from financing activities - discontinued operations— — — 325 325 — 
TOTAL
9,087 9,536 (471)(5,827)(5,513)(319)
Translation exchange differences (1,513)(1,490)(23)212 215 (3)
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS
8,842 8,834 8 1,862 1,890 (28)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD
15,014 14,867 147 12,450 12,275 175 
ADD: CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD - INCLUDED WITHIN ASSETS HELD FOR SALE17 17 — 719 719 — 
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS8,842 8,834 8 1,862 1,890 (28)
LESS: CASH AND CASH EQUIVALENTS AT END OF THE PERIOD - INCLUDED WITHIN ASSETS HELD FOR SALE27 27 — 17 17 — 
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD
23,846 23,691 155 15,014 14,867 147 

fcagrouplogo1b.jpg
Net Cash/(Debt) by activity
Unaudited
At December 31, 2020At December 31, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
Third parties debt (Principal)(21,042)(19,548)(1,494)(12,910)(11,121)(1,789)
Capital market(1)
(8,660)(8,329)(331)(6,676)(6,277)(399)
Bank debt
(10,256)(9,147)(1,109)(3,868)(2,642)(1,226)
Other debt(2)
(433)(380)(53)(726)(564)(162)
Lease liabilities
(1,693)(1,692)(1)(1,640)(1,638)(2)
Accrued interest and other adjustments(3)
(75)(69)(6)9 10 (1)
Debt with third parties from continuing operations (excluding held for sale)
(21,117)(19,617)(1,500)(12,901)(11,111)(1,790)
Debt classified as held for sale(74)(74)— (81)(81)— 
Debt with third parties including held for sale
(21,191)(19,691)(1,500)(12,982)(11,192)(1,790)
Intercompany, net(4)
— 253 (253)— 792 (792)
Current financial receivables from jointly-controlled financial services companies(5)
113 113 — 83 83 — 
Debt, net of intercompany, and current financial receivables from jointly-controlled financial service companies, including held for sale
(21,078)(19,325)(1,753)(12,899)(10,317)(2,582)
Derivative financial assets/(liabilities), net of collateral deposits (excluding held for sale)(6)
28 28 — (178)(178)— 
Current debt securities(7)
238 174 64 480 480 — 
Cash and cash equivalents23,846 23,691 155 15,014 14,867 147 
Cash and cash equivalents, current debt securities and Derivative financial assets/(liabilities), net, classified as held for sale27 27 — 17 17 — 
Total Net cash/(debt) including held for sale
3,061 4,595 (1,534)2,434 4,869 (2,435)
Net industrial cash/(debt) from continuing operations (excluding held for sale)(8)
4,680 4,859 
Net industrial cash/(debt) from held for sale(8)
(85)10 
Total Net industrial cash/(debt)
4,595 4,869 
________________________________________________________________________________________________________________________________________________
Note: The assets and liabilities of FCA's global cast iron components business have been classified as held for sale within the Consolidated Statement of Financial Position at December 31, 2019 and December 31, 2020.
(1) Includes notes issued under the Medium Term Programme, or MTN Programme, and other notes (€8,329 million at December 31, 2020 and €6,277 million at December 31, 2019) and other debt instruments (€331 million at December 31, 2020 and €399 million at December 31, 2019) issued in financial markets, mainly from LATAM financial services companies.
(2) Includes asset-backed financing, i.e. sales of receivables for which de-recognition is not allowed under IFRS (€41 million at December 31, 2020 and €151 million at December 31, 2019), and other debt.
(3) Includes adjustments for fair value accounting on debt and net (accrued)/deferred interest and other amortizing cost adjustments.
(4) Net amount between industrial activities entities' financial receivables due from financial services entities (€497 million at December 31, 2020 and €960 million at December 31, 2019) and industrial activities entities' financial payables due to financial services entities (€244 million at December 31, 2020 and €168 million at December 31, 2019).
(5) Financial receivables due from FCA Bank.
(6) Fair value of derivative financial instruments (net negative €4 million at December 31, 2020 and net negative €220 million at December 31, 2019) and collateral deposits (€32 million at December 31, 2020 and €42 million at December 31, 2019).
(7) Excludes certain debt securities held pursuant to applicable regulations (€59 million at December 31, 2020 and €50 million at December 31, 2019).
(8) At December 31, 2020 amounts include net intercompany financial payables due from activities included within assets held for sale of €38 million (net intercompany financial payables due to activities included within assets held for sale of €74 million at December 31, 2019).