| Address:
|
21557 TELEGRAPH ROAD
|
| City: |
SOUTHFIELD |
|
State: |
MI |
|
Zip Code: |
48033 |
| Telephone: |
248-447-1500 |
|
Description of Business
|
Primary SIC Code:
3714 |
| (As filed with the SEC)
|
|
|
In this Report, when we use the terms the "Company," "Lear," "we," "us" and
"our," unless otherwise indicated or the context otherwise requires, we are
referring to Lear Corporation and its consolidated subsidiaries. A substantial
portion of the Company's operations are conducted through subsidiaries
controlled by Lear Corporation. The Company is also a party to various joint
venture arrangements. Certain disclosures included in this Report constitute
forward-looking statements that are subject to risks and uncertainties. See
Item 1A, "Risk Factors," and Part II - Item 7, "Management's Discussion and
Analysis of Financial Condition and Results of Operations - Forward-Looking
Statements."
BUSINESS OF THE COMPANY
General
Lear Corporation is a leading tier 1 supplier to the global automotive industry.
Our business spans all major automotive markets, and we supply our products to
virtually every major automotive manufacturer in the world. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2011 | 5.34 | 0.125 | 7.45 | | 09/2011 | 5.14 | 0.125 | 8.35 | | 06/2011 | 5.06 | 0.125 | 10.57 | | 03/2011 | 4.89 | NA | 9.99 | | 12/2010 | 2.03 | NA | 24.31 | | 09/2009 | -- | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.21 | Total Liab/Total Assets | 0.61 | | Net Inc/Total Assets | 0.07 | Total Liab/Inv Cap | 1.07 | | Net Inc/Inv Cap | 0.12 | Total Liab/Comm Equity | 1.93 | | Pretax Inc/Net Sales | 0.04 | Interest Coverage Ratio | 9.10 | | Net Inc/Net Sales | 0.04 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.05 | LTD/Equity | 0.28 | | SG&A/NetSales | 0.04 | Total Debt/Equity | 0.28 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.38 | Quick Ratio | 1.36 | | Inventory Turnover | 21.84 | Current Ratio | 1.56 | | Inventory Day Sales | 0.05 | Net Rec/Curr Assets | 0.40 | | Net Sales/Work Cap | 7.63 | Inv/Curr Assets | 0.13 | | Net Sales/PP&E | 12.02 | | |
Income Statement (Millions) |
| |
10/1/2011
|
7/2/2011
|
4/2/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
3,460.00
|
3,676.30
|
3,511.70
|
3,156.50
|
|
Cost of Goods Sold
|
3,179.50
|
3,329.70
|
3,188.30
|
2,921.60
|
|
Selling & Admin Exps
|
114.90
|
119.20
|
117.50
|
102.00
|
|
Operating Income
|
158.50
|
220.20
|
199.10
|
126.00
|
|
Interest Exp
|
10.90
|
10.70
|
3.30
|
11.20
|
|
Pretax Income
|
139.10
|
205.40
|
202.70
|
82.10
|
|
Other Income
|
-8.50
|
-4.10
|
6.90
|
-32.70
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
100.70
|
177.50
|
156.00
|
117.10
|
|
Assets
|
10/1/2011
|
7/2/2011
|
4/2/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
1,676.50
|
1,771.20
|
1,707.10
|
1,654.10
|
|
Receivables - Total
|
2,082.30
|
2,279.70
|
2,258.40
|
1,758.40
|
|
Inventories - Total
|
708.90
|
657.60
|
627.00
|
554.20
|
|
Total Current Assets
|
4,991.70
|
5,238.20
|
5,050.60
|
4,385.50
|
|
Net Property, Plant & Equipment
|
1,058.10
|
1,084.70
|
1,044.80
|
994.70
|
|
Total Assets
|
7,215.90
|
7,539.00
|
7,363.00
|
6,621.10
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
3,242.60
|
3,384.00
|
3,353.90
|
2,814.40
|
|
Debt in Current Liabilities
|
0.00
|
2.50
|
3.60
|
4.10
|
|
Total Current Liabilities
|
3,242.60
|
3,386.50
|
3,357.50
|
2,818.50
|
|
Long-Term Debt
|
695.20
|
695.10
|
695.00
|
694.90
|
|
Total Liabilities
|
4,472.70
|
4,637.10
|
4,599.30
|
4,052.30
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
116.70
|
109.20
|
108.40
|
108.60
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
1.10
|
1.10
|
1.10
|
0.50
|
|
Retained Earnings
|
828.70
|
741.20
|
577.10
|
434.50
|
|
Treasury Stock
|
-210.80
|
-115.70
|
-41.80
|
-13.40
|
|
Total Stockholders' Equity
|
2,626.50
|
2,792.70
|
2,655.30
|
2,460.20
|
|
Total Liabilities and Stockholders' Equity
|
7,099.20
|
7,429.80
|
7,254.60
|
6,512.50
|
Cash Flow Summary (Millions) |
|
Categories
|
10/1/2011
|
7/2/2011
|
4/2/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
155.60
|
206.70
|
154.20
|
237.80
|
|
Net Cash Provided by Investing Activities
|
-89.30
|
-58.40
|
-77.10
|
-78.90
|
|
Net Cash Provided by Financing Activities
|
-111.50
|
-99.80
|
-53.20
|
-12.30
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 17,838.90 | -707.50 | -- | | 12/2007 | 15,995.00 | 241.50 | -- | | 12/2008 | 13,570.50 | -689.90 | -- | | 12/2009 | 9,739.60 | 814.40 | -- | | 12/2010 | 11,954.60 | 438.30 | 2.03 | | Growth Rates | -9.52 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 294 | 100,359 | 98.08 |
|
Report Date :
2/6/2012
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