EX-99.2 3 fcanv20200630additiona.htm EX-99.2 SUPPLEMENTAL INFORMATION FINANCIAL DATA BY ACTIVITY JUNE 30, 2020 Document
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Exhibit 99.2
Income Statement by activity
Unaudited
For the three months ended
June 30, 2020		For the three months ended
June 30, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
Net revenues
11,707  11,664  64  26,741  26,682  92  
Cost of revenues
11,043  11,027  37  23,089  23,067  55  
Selling, general and other costs
1,041  1,037  4  1,573  1,567  6  
Research and development costs
576  576  —  782  782  —  
Result from investments
31  (20) 51  58  (1) 59  
Losses on disposal of investments
(1) (1) —  7  7  —  
Restructuring costs
23  23  —  (8) (8) —  
Net financial expenses
237  237  —  260  260  —  
(Loss)/profit before taxes
(1,183) (1,257) 74  1,110  1,020  90  
Tax (benefit)/expense
(135) (141) 6  317  307  10  
Result from intersegment investments
—  68  —  —  80  —  
Net (loss)/profit from continuing operations
(1,048) (1,048) 68  793  793  80  
Profit from discontinued operations, net of tax
—  —  —  3,859  3,859  —  
Net (loss)/profit
(1,048) (1,048) 68  4,652  4,652  80  
Adjusted EBIT
(928) (1,002) 74  1,527  1,437  90  
For the six months ended June 30, 2020For the six months ended June 30, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
Net revenues
32,274  32,187  146  51,222  51,100  183  
Cost of revenues
29,921  29,895  85  44,270  44,224  107  
Selling, general and other costs
2,480  2,470  10  3,090  3,077  13  
Research and development costs
1,509  1,509  —  1,455  1,455  —  
Result from investments
73  (36) 109  116  —  116  
Gains on disposal of investments
4  4  —  7  7  —  
Restructuring costs
43  43  —  196  196  —  
Net financial expenses
450  450  —  504  504  —  
Net (loss)/profit before taxes
(2,052) (2,212) 160  1,830  1,651  179  
Tax expense
690  675  15  529  510  19  
Result from intersegment investments
—  145  —  —  160  —  
Net (loss)/profit from continuing operations
(2,742) (2,742) 145  1,301  1,301  160  
Profit from discontinued operations, net of tax
—  —  —  3,970  3,970  —  
Net (loss)/profit
(2,742) (2,742) 145  5,271  5,271  160  
Adjusted EBIT
(876) (1,036) 160  2,594  2,415  179  

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Statement of Financial Position by activity
Unaudited
At June 30, 2020At December 31, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
Assets
Goodwill and intangible assets with indefinite useful lives14,299  14,299  —  14,257  14,257  —  
Other intangible assets
12,715  12,711  4  12,447  12,442  5  
Property, plant and equipment
28,063  28,057  6  28,608  28,605  3  
Investments and other financial assets
3,005  3,433  1,641  3,019  3,467  1,549  
Deferred tax assets
1,181  1,155  26  1,689  1,660  29  
Inventories
9,639  9,619  20  9,722  9,722  —  
Assets sold with a buy-back commitment1,318  1,318  —  1,626  1,626  —  
Trade receivables 1,764  1,771  48  2,064  2,067  30  
Receivables from financing activities 2,201  809  2,069  3,155  1,106  3,176  
Tax receivables 351  348  3  466  459  7  
Other assets4,852  4,846  8  5,601  5,594  7  
Cash and cash equivalents 13,914  13,548  366  15,014  14,867  147  
Assets held for sale306  306  —  376  376  —  
TOTAL ASSETS
93,608  92,220  4,191  98,044  96,248  4,953  
Equity and Liabilities
Equity24,900  24,900  2,068  28,675  28,675  1,995  
Employee benefits liabilities9,028  9,026  2  9,051  9,049  2  
Provisions 12,065  12,061  5  14,005  14,000  7  
Deferred tax liabilities 1,778  1,778  —  1,628  1,628  —  
Debt 20,452  19,222  1,907  12,901  11,278  2,750  
Trade payables 15,957  15,947  53  21,616  21,610  26  
Other financial liabilities709  709  —  318  318  —  
Tax liabilities382  368  21  400  378  27  
Other liabilities 8,163  8,030  135  9,214  9,072  146  
Liabilities held for sale174  179  —  236  240  —  
TOTAL EQUITY AND LIABILITIES
93,608  92,220  4,191  98,04496,2484,953




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Statement of Cash Flows by activity
Unaudited


For the six months ended June 30, 2020For the six months ended June 30, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
CASH FLOW FROM OPERATING ACTIVITIES:
Net (loss)/profit from continuing operations(2,742) (2,742) 145  1,301  1,301  160  
Amortization and depreciation
2,605  2,604  1  2,741  2,740  1  
Net losses/(gains) on disposal of non-current assets and other non-cash items826  789  (108) 104  60  (116) 
Dividends received
73  94  —  66  69  —  
Change in provisions
(1,936) (1,936) —  (1,251) (1,251) —  
Change in deferred taxes
653  652  1  185  181  4  
Change in items due to buy back commitments and GDP vehicles(117) (114) (3) 191  191  —  
Change in working capital
(5,394) (5,396) 2  722  722  —  
Cash flows (used in)/from operating activities - discontinued operations—  —  —  (308) (308) —  
TOTAL
(6,032) (6,049) 38  3,751  3,705  49  
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES:
Investments in property, plant and equipment and intangible assets (3,992) (3,991) (1) (3,330) (3,329) (1) 
Investments in joint ventures, associates and unconsolidated subsidiaries(1) (1) —  (1) (1) —  
Proceeds from the sale of tangible and intangible assets76  76  —  24  24  —  
Net cash proceeds from disposal of discontinued operations—  —  —  5,348  5,348  —  
Net change in receivables from financing activities 718  (168) 886  276  (104) 380  
Change in securities319  339  (20) (114) (114) —  
Other changes (7) (10) 3  29  29  —  
Cash flows used in investing activities - discontinued operations—  —  —  (155) (155) —  
TOTAL
(2,887) (3,755) 868  2,077  1,698  379  
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES:
Net change in debt and other financial assets/liabilities8,048  8,668  (620) (955) (471) (484) 
Distributions paid—  —  (21) (3,056) (3,056) (3) 
Cash flows from/(used in) financing activities - discontinued operations—  —  —  325  325  —  
TOTAL
8,048  8,668  (641) (3,686) (3,202) (487) 
Translation exchange differences (233) (187) (46) 95  93  2  
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS
(1,104) (1,323) 219  2,237  2,294  (57) 
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 EQUIVALENTS(1,104) (1,323) 219  2,237  2,294  (57) 
LESS: CASH AND CASH EQUIVALENTS AT END OF THE PERIOD - INCLUDED WITHIN ASSETS HELD FOR SALE13  13  —  —  —  —  
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD
13,914  13,548  366  15,406  15,288  118  

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Net Cash/(Debt) by activity
Unaudited
At June 30, 2020At December 31, 2019
(€ million)GroupIndustrial activitiesFinancial servicesGroupIndustrial activitiesFinancial services
Third parties debt (Principal)(20,408) (18,944) (1,464) (12,910) (11,121) (1,789) 
Capital market(1)
(5,346) (4,950) (396) (6,676) (6,277) (399) 
Bank debt
(12,962) (11,928) (1,034) (3,868) (2,642) (1,226) 
Other debt(2)
(410) (377) (33) (726) (564) (162) 
Lease liabilities
(1,690) (1,689) (1) (1,640) (1,638) (2) 
Accrued interest and other adjustments(3)
(44) (39) (5) 9  10  (1) 
Debt with third parties from continuing operations (excluding held for sale)
(20,452) (18,983) (1,469) (12,901) (11,111) (1,790) 
Debt classified as held for sale(67) (67) —  (81) (81) —  
Debt with third parties including held for sale
(20,519) (19,050) (1,469) (12,982) (11,192) (1,790) 
Intercompany, net(4)
—  199  (199) —  792  (792) 
Current financial receivables from jointly-controlled financial services companies(5)
180  180  —  83  83  —  
Debt, net of intercompany, and current financial receivables from jointly-controlled financial service companies, including held for sale
(20,339) (18,671) (1,668) (12,899) (10,317) (2,582) 
Derivative financial assets/(liabilities), net of collateral deposits (excluding held for sale)(6)
(98) (100) 2  (178) (178) —  
Current debt securities(7)
120  103  17  480  480  —  
Cash and cash equivalents13,914  13,548  366  15,014  14,867  147  
Cash and cash equivalents, current debt securities and Derivative financial assets/(liabilities), net, classified as held for sale13  13  —  17  17  —  
Total Net cash/(debt) including held for sale
(6,390) (5,107) (1,283) 2,434  4,869  (2,435) 
Net industrial cash/(debt) from continuing operations (excluding held for sale)(8)
(4,989) 4,859  
Net industrial cash/(debt) from held for sale(8)
(118) 10  
Total Net industrial cash/(debt)
(5,107) 4,869  
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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 June 30, 2020.
(1) Includes notes issued under the Medium Term Programme, or MTN Programme, and other notes (€4,946 million at June 30, 2020 and €6,277 million at December 31, 2019) and other debt instruments (€400 million at June 30, 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 (€26 million at June 30, 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 (€438 million at June 30, 2020 and €960 million at December 31, 2019) and industrial activities entities' financial payables due to financial services entities (€239 million at June 30, 2020 and €168 million at December 31, 2019).
(5) Financial receivables due from FCA Bank.
(6) Fair value of derivative financial instruments (net negative €150 million at June 30, 2020 and net negative €220 million at December 31, 2019) and collateral deposits (€52 million at June 30, 2020 and €42 million at December 31, 2019).
(7) Excludes certain debt securities held pursuant to applicable regulations (€72 million at June 30, 2020 and €50 million at December 31, 2019).
(8) At June 30, 2020 amounts include net intercompany financial payables due from activities included within assets held for sale of €64 million (net intercompany financial payables due to activities included within assets held for sale of €74 million at December 31, 2019).