Aptiv PLC (APTV) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues [+]	17,489	15,618	13,066	14,357	14,435	12,884	12,274	10,869
Products	17,489	15,618	13,066					10,864
Net interest income	86	9	8	13	21	7	1	5
Revenue growth	12.0%	19.5%	-9.0%	-0.5%	12.0%	5.0%	12.9%	-29.9%
Cost of goods sold	14,854	13,182	11,126	11,711	11,706	10,270	9,527	8,691
Gross profit	2,635	2,436	1,940	2,646	2,729	2,614	2,747	2,178
Gross margin	15.1%	15.6%	14.8%	18.4%	18.9%	20.3%	22.4%	20.0%
Selling, general and administrative	1,138	1,075	976	1,076	993	952	924	803
Equity in earnings	-279	-200	-83	15	23	31	35	16
Other operating expenses	149	148	144	146	177	103	120	68
Adjusted EBITDA	1,917	1,873	1,561	2,222	2,316	2,198	2,289	1,734
Adjusted EBITDA margin	11.0%	12.0%	11.9%	15.5%	16.0%	17.1%	18.6%	16.0%
Stock-based compensation	86	87	60	66	58	62	62	67
EBITDA [+]	1,831	1,786	1,501	2,156	2,258	2,136	2,227	1,667
EBITDA growth	2.5%	19.0%	-30.4%	-4.5%	5.7%	-4.1%	33.6%	-32.6%
EBITDA margin	10.5%	11.4%	11.5%	15.0%	15.6%	16.6%	18.1%	15.3%
Depreciation	613	625	620	571	522	429	372	274
EBITA	1,218	1,161	881	1,585	1,736	1,707	1,855	1,393
EBITA margin	7.0%	7.4%	6.7%	11.0%	12.0%	13.2%	15.1%	12.8%
Amortization of intangibles	149	148	144	146	154	117	117	70
EBIT [+]	1,069	1,013	737	1,439	1,582	1,590	1,738	1,323
EBIT growth	5.5%	37.4%	-48.8%	-9.0%	-0.5%	-8.5%	31.4%	-31.5%
EBIT margin	6.1%	6.5%	5.6%	10.0%	11.0%	12.3%	14.2%	12.2%
Non-recurring items	85	24	-1,298	148	86	143	164	72
Interest expense	219	150	164	164	141	140	155	124
Interest expense	219	150	164	164	141	140	155	124
Other income (expense), net	225	71	83	-1	-21	-52	-419	-130
Pre-tax income	990	910	1,954	1,126	1,334	1,255	1,000	997
Income taxes	121	101	49	132	250	223	167	161
Tax rate	12.2%	11.1%	2.5%	11.7%	18.7%	17.8%	16.7%	16.1%
Minority interest	-3	19	18	19	40	73	69	85
Earnings from continuing ops	531	527	1,769	990	1,067	990	799	767
Earnings from discontinued ops						365	458	683
Net income	531	527	1,769	990	1,067	1,355	1,257	1,450
Net margin	3.0%	3.4%	13.5%	6.9%	7.4%	10.5%	10.2%	13.3%

Basic EPS [+]	$1.96	$1.95	$6.72	$3.85	$4.04	$3.71	$2.93	$2.69
Growth	0.6%	-71.0%	74.2%	-4.5%	8.9%	26.6%	8.8%	-37.4%
Diluted EPS [+]	$1.96	$1.94	$6.53	$3.85	$4.02	$3.69	$2.92	$2.68
Growth	0.8%	-70.3%	69.9%	-4.4%	8.9%	26.5%	9.1%	-37.4%

Dividends per share [+]			$0.21	$0.88	$0.88	$1.16	$1.16	$1.00
Growth		-100.0%	-75.8%	-0.1%	-24.1%	-0.1%	16.1%	0.0%

Shares outstanding (basic) [+]	271	270	263	257	264	267	273	285
Growth	0.2%	2.7%	2.6%	-2.9%	-1.0%	-2.1%	-4.3%	-5.0%
Shares outstanding (diluted) [+]	271	271	271	257	265	268	274	287
Growth	0.0%	0.2%	5.2%	-3.0%	-1.0%	-2.1%	-4.5%	-5.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.