EX-99.2 3 exhibit992fcanv20180930add.htm EX-99.2 SUPPLEMENTAL INFORMATION FINANCIAL DATA BY ACTIVITY SEPTEMBER 30, 2018 Exhibit 99.2 FCA NV 2018.09.30 Additional Information Financial Data by Activity
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Exhibit 99.2
Income Statement by activity
Unaudited
 
 
For the three months ended
September 30, 2018
 
 
For the three months ended
September 30, 2017
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Net revenues
 
27,594

 
27,530

 
88

 
25,192

 
25,135

 
77

Cost of revenues
 
23,584

 
23,553

 
55

 
21,294

 
21,265

 
49

Selling, general and other costs
 
2,291

 
2,283

 
8

 
1,667

 
1,660

 
7

Research and development costs
 
705

 
705

 

 
696

 
696

 

Result from investments
 
50

 
1

 
49

 
101

 
52

 
49

Reversal of a Brazilian indirect tax liability
 

 

 

 

 

 

Gains on disposal of investments
 

 

 

 

 

 

Restructuring costs
 
24

 
24

 

 
5

 
3

 
2

Net financial expenses
 
249

 
249

 

 
292

 
292

 

Profit before taxes
 
791

 
717

 
74

 
1,339

 
1,271

 
68

Tax expense
 
277

 
268

 
9

 
517

 
512

 
5

Profit/(loss) from continuing operations
 
514

 
449

 
65

 
822

 
759

 
63

Result from intersegment investments
 

 
65

 

 

 
63

 

Profit from discontinued operations, net of tax
 
50

 
50

 

 
88

 
88

 

Net profit
 
564

 
564

 
65

 
910

 
910

 
63

 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
 
1,872

 
1,797

 
75

 
1,648

 
1,578

 
70

 
 
For the nine months ended
September 30, 2018
 
 
For the nine months ended
September 30, 2017
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Net revenues
 
80,938

 
80,764

 
241

 
78,148

 
77,985

 
225

Cost of revenues
 
69,428

 
69,362

 
133

 
66,187

 
66,099

 
150

Selling, general and other costs
 
5,608

 
5,584

 
24

 
5,285

 
5,262

 
23

Research and development costs
 
2,249

 
2,249

 

 
2,210

 
2,210

 

Result from investments
 
201

 
53

 
148

 
296

 
153

 
143

Reversal of a Brazilian indirect tax liability
 

 

 

 
895

 
895

 

Gains on disposal of investments
 

 

 

 
49

 
49

 

Restructuring costs
 
26

 
26

 

 
81

 
78

 
3

Net financial expenses
 
801

 
801

 

 
1,010

 
1,010

 

Profit before taxes
 
3,027

 
2,795

 
232

 
4,615

 
4,423

 
192

Tax expense
 
868

 
840

 
28

 
2,065

 
2,052

 
13

Profit/(loss) from continuing operations
 
2,159

 
1,955

 
204

 
2,550

 
2,371

 
179

Result from intersegment investments
 

 
204

 

 

 
179

 

Profit from discontinued operations, net of tax
 
180

 
180

 

 
156

 
156

 

Net profit
 
2,339

 
2,339

 
204

 
2,706

 
2,706

 
179

 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
 
4,907

 
4,674

 
233

 
4,830

 
4,635

 
195

For the three months ended September 30, 2018 and 2017, the Adjusted EBIT related to Magneti Marelli that was excluded from the Group's Adjusted EBIT result was €123 million and €110 million, respectively, net of intercompany eliminations. For the nine months ended September 30, 2018 and 2017, the Adjusted EBIT related to Magneti Marelli that was excluded from the Group's Adjusted EBIT result was €354 million and €330 million, respectively, net of intercompany eliminations. The Adjusted EBIT for Magneti Marelli related to Industrial activities only.


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Statement of Financial Position by activity
Unaudited
 
 
At September 30, 2018
 
 
At December 31, 2017
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill and intangible assets with indefinite useful lives
 
13,818

 
13,818

 

 
13,390

 
13,390

 

Other intangible assets
 
11,475

 
11,472

 
3

 
11,542

 
11,539

 
3

Property, plant and equipment
 
26,220

 
26,219

 
1

 
29,014

 
29,012

 
2

Investments and other financial assets
 
3,172

 
3,555

 
1,372

 
2,977

 
3,356

 
1,228

Deferred tax assets
 
1,937

 
1,902

 
35

 
2,004

 
1,955

 
49

Inventories
 
13,137

 
13,137

 

 
12,922

 
12,922

 

Assets sold with a buy-back commitment
 
2,325

 
2,325

 

 
1,748

 
1,748

 

Trade receivables
 
2,168

 
2,169

 
23

 
2,460

 
2,461

 
19

Receivables from financing activities
 
3,227

 
1,150

 
3,153

 
3,140

 
1,356

 
2,906

Tax receivables
 
235

 
239

 
4

 
298

 
293

 
5

Other assets
 
4,617

 
4,608

 
9

 
4,166

 
4,157

 
9

Cash and cash equivalents
 
11,418

 
11,254

 
164

 
12,638

 
12,423

 
215

Assets held for sale
 
4,409

 
4,524

 

 

 

 

TOTAL ASSETS
 
98,158

 
96,372

 
4,764

 
96,299

 
94,612

 
4,436

Equity and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
23,059

 
23,059

 
1,733

 
20,987

 
20,987

 
1,598

Employee benefits liabilities
 
8,545

 
8,542

 
3

 
9,278

 
9,276

 
2

Provisions
 
15,831

 
15,845

 
8

 
14,779

 
14,777

 
11

Deferred tax liabilities
 
759

 
759

 

 
388

 
388

 

Debt
 
15,202

 
13,458

 
2,820

 
17,971

 
16,461

 
2,632

Trade payables
 
20,383

 
20,394

 
11

 
21,939

 
21,939

 
8

Other financial liabilities
 
185

 
185

 

 
139

 
139

 

Tax payables
 
376

 
358

 
26

 
383

 
370

 
22

Other liabilities
 
10,820

 
10,659

 
163

 
10,435

 
10,275

 
163

Liabilities held for sale
 
2,998

 
3,113

 

 

 

 

TOTAL EQUITY AND LIABILITIES
 
98,158

 
96,372

 
4,764

 
96,299

 
94,612

 
4,436






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Statement of Cash Flows by activity
Unaudited


 
For the nine months ended
September 30, 2018
 
 
For the nine months ended
September 30, 2017
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
CASH FLOW FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Net profit
 
2,159

 
2,159

 
204

 
2,550

 
2,550

 
179

Amortization and depreciation
 
4,175

 
4,174

 
1

 
4,191

 
4,190

 
1

Net losses/(gains) on disposal of non-current assets and other non-cash items
 
29

 
(17
)
 
(158
)
 
(291
)
 
(337
)
 
(133
)
Change in items due to buy back commitments
 
322

 
322

 

 
42

 
42

 

Dividends received
 
75

 
96

 

 
49

 
55

 

Change in provisions
 
618

 
618

 

 
61

 
59

 
2

Change in deferred taxes
 
221

 
213

 
8

 
713

 
711

 
2

Change in working capital
 
(1,976
)
 
(1,993
)
 
17

 
(1,225
)
 
(1,287
)
 
62

Cash flows from operating activities - discontinued operations
 
340

 
340

 

 
479

 
479

 

TOTAL
 
5,963

 
5,912

 
72

 
6,569

 
6,462

 
113

CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Investments in property, plant and equipment and intangible assets
 
(3,785
)
 
(3,784
)
 
(1
)
 
(6,094
)
 
(6,092
)
 
(2
)
Investments in joint ventures, associates and unconsolidated subsidiaries
 
(2
)
 
(2
)
 

 
(2
)
 
(2
)
 

Proceeds from the sale of non-current assets
 
38

 
38

 

 
9

 
9

 

Net change in receivables from financing activities
 
(388
)
 
(44
)
 
(344
)
 
(230
)
 
(70
)
 
(160
)
Change in securities
 
(184
)
 
(184
)
 

 
173

 
138

 
35

Other changes
 
15

 
15

 

 
36

 
37

 
(1
)
Cash flows used in investing activities - discontinued operations
 
(415
)
 
(415
)
 

 
(404
)
 
(404
)
 

TOTAL
 
(4,721
)
 
(4,376
)
 
(345
)
 
(6,512
)
 
(6,384
)
 
(128
)
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Net change in Debt and other financial assets/liabilities
 
(1,957
)
 
(2,215
)
 
258

 
(4,353
)
 
(4,390
)
 
37

Increase in share capital
 
11

 
11

 

 

 

 

Distributions paid
 
(1
)
 
(1
)
 
(21
)
 

 

 
(6
)
Other changes
 

 

 

 
(5
)
 
(5
)
 

Cash flows used in financing activities - discontinued operations
 
(61
)
 
(61
)
 

 
(199
)
 
(199
)
 

TOTAL
 
(2,008
)
 
(2,266
)
 
237

 
(4,557
)
 
(4,594
)
 
31

Translation exchange differences
 
54

 
69

 
(15
)
 
(1,065
)
 
(1,052
)
 
(13
)
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS
 
(712
)
 
(661
)
 
(51
)
 
(5,565
)
 
(5,568
)
 
3

 
 
 
 
 
 
 
 
 
 
 
 
 
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD
 
12,638

 
12,423

 
215

 
17,318

 
17,167

 
151

TOTAL CHANGE IN CASH AND CASH EQUIVALENTS
 
(712
)
 
(661
)
 
(51
)
 
(5,565
)
 
(5,568
)
 
3

LESS: CASH AND CASH EQUIVALENTS AT END OF THE PERIOD - INCLUDED WITHING ASSETS HELD FOR SALE
 
508

 
508

 

 

 

 

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD
 
11,418

 
11,254

 
164

 
11,753

 
11,599

 
154