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Quarterly Results
12 Months Ended
Dec. 31, 2012
Quarterly Results

Dana Holding Corporation

Quarterly Results (Unaudited)

(In millions, except per share amounts)

 

    For the 2012 Quarter Ended  
    March 31     June 30     September 30     December 31  
Net sales   $ 1,964     $ 1,936     $ 1,715     $ 1,609  
Gross margin   $ 266     $ 273     $ 238     $ 197  
Net income   $ 73     $ 89     $ 60     $ 93  
Net income attributable to the parent company   $ 70     $ 86     $ 56     $ 88  
Net income per share available to parent company stockholders                                
Basic   $ 0.42     $ 0.53     $ 0.32     $ 0.54  
Diluted   $ 0.33     $ 0.40     $ 0.26     $ 0.41  

 

    For the 2011 Quarter Ended  
    March 31     June 30     September 30     December 31  
Net sales   $ 1,789     $ 1,920     $ 1,940     $ 1,895  
Gross margin   $ 216     $ 232     $ 234     $ 215  
Net income (loss)   $ (25 )   $ 70     $ 112     $ 75  
Net income (loss) attributable to the parent company   $ (30 )   $ 68     $ 110     $ 71  
Net income (loss) per share available to parent company stockholders                                
Basic   $ (0.26 )   $ 0.41     $ 0.69     $ 0.43  
Diluted   $ (0.26 )   $ 0.32     $ 0.51     $ 0.33  

 

Note: Gross margin is net sales less cost of sales.

 

Net sales and gross margin amounts for 2011 and the first and second quarters of 2012 have been restated to present the Structural Products business as a discontinued operation following the cessation of activities in August 2012. Net income for the fourth quarter of 2012 includes income tax valuation allowance releases of $54. Net income for the first quarter of 2011 includes $53 in losses on extinguishment of debt from repayment of our credit facilities. Net income for the third quarter of 2011 includes a $60 gain on sale of equity investments resulting from the divestiture of our interests in the GETRAG Entities.