EX-99.1 4 d492268dex991.htm ITEM 6: SELECTED FINANCIAL DATA Item 6: Selected Financial Data

Exhibit 99.1

 

Item 6. Selected Financial Data

Refer to Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, and the notes to the accompanying consolidated financial statements for additional information regarding the financial data presented below, including matters that might cause this data not to be indicative of our future financial condition or results of operations.

We operate in four industry segments: Truck, Engine, Parts, and Financial Services. A detailed description of our segments, products, and services, as well as additional selected financial data is included in “Our Operating Segments” in Item 1, Business, and in Note 15, Segment Reporting, to the accompanying consolidated financial statements.

Five-Year Summary of Selected Financial and Statistical Data

 

     As of and for the Years Ended October 31,  
(in millions, except per share data)    2012(A)     2011(B)     2010     2009     2008  

RESULTS OF OPERATIONS DATA

          

Sales and revenues, net

   $ 12,695      $ 13,641      $ 11,867      $ 11,474      $ 14,585   

Income (loss) from continuing operations before taxes

   $ (1,111   $ 435      $ 338      $ 441      $ 229   

Income tax benefit (expense)

     (1,780     1,417        (23     (37     (57
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations

     (2,891     1,852        315        404        172   

Loss from discontinued operations, net of tax

     (71     (74     (48     (59     (38
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

     (2,962     1,778        267        345        134   

Less: Net income attributable to non-controlling interests

     48        55        44        25        —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to Navistar International Corporation

   $ (3,010   $ 1,723      $ 223      $ 320      $ 134   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Amounts attributable to Navistar International Corporation common shareholders:

          

Income (loss) from continuing operations, net of tax

   $ (2,939   $ 1,797      $ 271      $ 379      $ 172   

Loss from discontinued operations, net of tax

     (71     (74     (48     (59     (38
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (3,010   $ 1,723      $ 223      $ 320      $ 134   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings (loss) per share:

          

Continuing operations

   $ (42.53   $ 24.68      $ 3.78      $ 5.34      $ 2.43   

Discontinued operations

     (1.03     (1.02     (0.67     (0.83     (0.54
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (43.56   $ 23.66      $ 3.11      $ 4.51      $ 1.89   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings (loss) per share:

          

Continuing operations

   $ (42.53   $ 23.61      $ 3.70      $ 5.28      $ 2.35   

Discontinued operations

     (1.03     (0.97     (0.65     (0.82     (0.53
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (43.56   $ 22.64      $ 3.05      $ 4.46      $ 1.82   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of shares outstanding:

          

Basic

     69.1        72.8        71.7        71.0        70.7   

Diluted

     69.1        76.1        73.2        71.8        73.2   

BALANCE SHEET DATA

          

Total assets

   $ 9,102      $ 12,291      $ 9,730      $ 10,028      $ 10,390   

Long-term debt:(C)

          

Manufacturing operations

   $ 2,733      $ 1,881      $ 1,841      $ 1,670      $ 1,639   

Financial services operations

     833        1,596        2,397        2,486        3,770   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total long-term debt

   $ 3,566      $ 3,477      $ 4,238      $ 4,156      $ 5,409   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Redeemable equity securities

   $ 5      $ 5      $ 8      $ 13      $ 143   

 

(A) In 2012, the Company recognized net income tax expense of $1.8 billion, which includes an increase in our deferred tax valuation allowance on our U.S. deferred tax assets, partially offset by the release of our deferred tax valuation allowance on our Canadian deferred tax assets.
(B) In 2011, the Company recognized an income tax benefit of $1.5 billion from the release of a portion of our deferred tax valuation allowance on our U.S. deferred tax assets.
(C) Exclusive of current portion of long-term debt.