Selected Financial Data

Interactive data

The following tables set forth selected historical consolidated financial and other data of FCA and has been derived, in part, from:

  • the Consolidated financial statements of FCA for the years ended December 31, 2014, 2013 and 2012, included elsewhere in this document; and
  • the Consolidated financial statements of the Fiat Group for the years ended December 31, 2011 and 2010, which are not included in this document.

This data should be read in conjunction with Risk Factors, Operating Results and the Consolidated financial statements and related notes included elsewhere in this report.

Effective January 1, 2011, Fiat transferred a portion of its assets and liabilities to Fiat Industrial S.p.A., or Fiat Industrial, now known as CNH Industrial N.V., or CNH Industrial, or CNHI, in the form of a scissione parziale proporzionale (“partial proportionate demerger”) in accordance with Article 2506 of the Italian Civil Code.

On May 24, 2011, the Group acquired an additional 16 percent (on a fully-diluted basis) of FCA US, increasing its interest to 46 percent (on a fully-diluted basis). As a result of the potential voting rights associated with options that became exercisable on that date, the Group was deemed to have obtained control of FCA US for purposes of consolidation. The operating activities from this acquisition date through May 31, 2011 were not material to the Group. As such, FCA US was consolidated on a line-by-line basis by FCA with effect from June 1, 2011. Therefore the results of operations and cash flows for the years ended December 31, 2014, 2013 and 2012 are not directly comparable with those for the year ended December 31, 2011.

The Group adopted IAS 19 revised from January 1, 2013 and retrospectively applied those amendments from January 1, 2012. The Group also adopted IFRS 11 from January 1, 2014 and also retrospectively applied those amendments from January 1, 2012. These amendments were not applied to the Consolidated income statement or to the Consolidated Statement of Financial position for the years ended December 31, 2011 and 2010. Accordingly, these statements are not directly comparable with those for the years ended and as of December 31, 2014, 2013 and 2012.

CONSOLIDATED INCOME STATEMENT DATA

2014201320122011(1)2010(2)
(€ million)
Net revenues 96,090 86,624 83,765 59,559 35,880
EBIT 3,223 3,002 3,434 3,291 1,106
Profit before taxes 1,176 1,015 1,524 1,932 706
Profit from continuing operations 632 1,951 896 1,398 222
Profit/(loss) from discontinued operations 378
Net profit 632 1,951 896 1,398 600
Attributable to:
Owners of the parent 568 904 44 1,199 520
Non-controlling interest 64 1,047 852 199 80
Earnings/(loss) per share from continuing operations (in Euro)
Basic per ordinary share 0.465 0.744 0.036 0.962 0.130
Diluted per ordinary share 0.460 0.736 0.036 0.955 0.130
Basic per preference share 0.962 0.217
Diluted per preference share 0.955 0.217
Basic per savings share 1.071 0.239
Diluted per savings share 1.063 0.238
Earnings/(loss) per share (in Euro)
Basic per ordinary share 0.465 0.744 0.036 0.962 0.410
Diluted per ordinary share 0.460 0.736 0.036 0.955 0.409
Basic per preference share 0.962 0.410
Diluted per preference share 0.955 0.409
Basic per savings share 1.071 0.565
Diluted per savings share 1.063 0.564
Dividends paid per share (in Euro)(3)
Ordinary share 0.090 0.170
Preference share(4) 0.217 0.310 0.310
Savings share(4) 0.217 0.310 0.325
Other Statistical Information (unaudited):
Shipments (in thousands of units) 4,608 4,352 4,223 3,175 2,094
Number of employees at period end 232,165 229,053 218,311 197,021 137,801

(1) Upon obtaining control of FCA US on May 24, 2011, FCA US’s financial results were consolidated beginning June 1, 2011.
(2) CNHI was reported as discontinued operations in 2010 as a result of its demerger from Fiat effective January 1, 2011.
(3) Dividends paid represent cash payments in the applicable year that generally relates to earnings of the previous year.
(4) In accordance with the resolution adopted by the shareholders’ meeting on April 4, 2012, Fiat’s preference and savings shares were mandatorily converted into ordinary shares.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION DATA

At December 31,
2014201320122011(1)(2)2010
(€ million)
Cash and cash equivalents 22,840 19,455 17,666 17,526 11,967
Total assets 100,510 87,214 82,633 80,379 73,442
Debt 33,724 30,283 28,303 27,093 20,804
Total equity 13,738 12,584 8,369 9,711 12,461
Equity attributable to owners of the parent 13,425 8,326 6,187 7,358 11,544
Non-controlling interests 313 4,258 2,182 2,353 917
Share capital 17 4,477 4,476 4,466 6,377
Shares issued (in thousands of shares):
Fiat S.p.A
Ordinary 1,250,688 1,250,403 1,092,681 1,092,247
Preference(4) 103,292 103,292
Savings(4) 79,913 79,913
FCA
Common(3) 1,284,919
Special Voting 408,942

(1) The amounts at December 31, 2011 are equivalent to those at January 1, 2012 derived from the Consolidated financial statements.
(2) The amounts at December 31, 2011 include the consolidation of FCA US.
(3) Book value per common share at December 31, 2014 amounted to €10.45.
(4) In accordance with the resolution adopted by the shareholders’ meeting on April 4, 2012, Fiat’s preference and savings shares were mandatorily converted into ordinary shares.