Key Figures
Autoliv, Inc.’s consolidated financial statements are prepared in accordance with U.S. GAAP (i.e. U.S. Generally Accepted Accounting Principles).
Selected Financial Data               (Dollars in millions, except per share data) 20091) 20081) 20071,2) 20061,3) 20054) Sales and income           Net sales $5,121 $6,473 $6,769 $6,188 $6,205 Operating income 69 306 502 520 513 Income before income taxes 6 249 446 481 482 Net income 10 165 288 402 293                         Financial position           Current assets excluding cash 1,707 1,598 1,941 1,930 1,867 Property, plant and equipment 1,042 1,158 1,260 1,160 1,081 Intangible assets (primarily goodwill) 1,729 1,745 1,760 1,676 1,679 Non-interest bearing liabilities 1,610 1,361 1,552 1,441 1,418 Capital employed 3,098 3,369 3,583 3,498 3,259 Net debt 662 1,195 1,182 1,010 877 Shareholders' equity 2,436 2,174 2,401 2,488 2,382 Total assets 5,186 5,206 5,305 5,111 5,065 Long-term debt 821 1,401 1,040 888 757             Share data           Earnings per share (US$) - basic 0.12 2.29 3.70 4.90 3.28 Earnings per share (US$) - assuming dilution 0.12 2.28 3.68 4.88 3.26 Equity per share (US$) 28.06 30.11 31.83 30.00 27.67 Cash dividends paid per share (US$) 0.21 1.60 1.54 1.36 1.17 Cash dividends declared per share (US$) - 1.42 1.56 1.41 1.24 Share repurchases - 174 380 221 378 Number of shares outstanding (million) 85.1 70.3 73.8 80.1 83.7             Ratios           Gross margin (%) 16.6 17.4 19.7 20.4 20.4 Operating margin (%) 1.3 4.7 7.4 8.4 8.3 Pretax margin (%) 0.1 3.8 6.6 7.8 7.8 Return on capital employed (%) 2 9 14 16 16 Return on shareholders' equity (%) 1 7 12 17 12 Equity ratio (%) 47 42 45 49 47 Net debt to capitalization (%) 21 36 33 29 27 Days receivables outstanding 75 49 64 70 71 Days inventory outstanding 40 39 33 34 32             Other data           Airbag sales6) 3,299 4,130 4,377 4,085 4,116 Seatbelt sales7) 1,822 2,343 2,392 2,103 2,089 Net cash provided by operating activities 493 614 781 560 479 Capital expenditures 140 293 324 328 315 Net cash used in investing activities (157) (321) (345) (285) (303) Net cash provided by (used in) financing activities (376) 98 (461) (441) (86) Number of employees, december 31 30,200 34,000 35,300 35,700 34,100
	1) In 2009, 2008, 2007 and 2006 severance and restructuring costs reduced operating income by $133, $80, $24 and $13 million and net income by $96, $55, $16 and $9 million. This corresponds to 2.6%, 1.3%, 0.4% and 0.2% on operating margins and 1.9%, 0.8%, 0.2% and 0.1% on net margins. The impact on earnings per share (EPS) was $1.14, $0.76, $0.21 and $0.11, while return on total equity was reduced by 4.1%, 2.2%, 1.4% and 0.4%, respectively. 2) In 2007, a court ruling reduced operating income $30 million, net income $20 million, operating margin by 0.5%, net margin by 0.3%, EPS by $0.26 and return on equity by 0.8%. 3) In 2006, a release of tax reserves and other discrete tax items boosted net income by $95 million, net margin by 1.5%, EPS by $1.15 and return on equity by 3.9%. 4) In 2005, the Jobs Creation act reduced net income by $13 million, net margin by 0.2%, EPS by $0.15 and return on equity by 0.5%. 5) Adjusted in accordance with FASB ASC 810-10-45, adopted on January 1, 2009. 6) At year end, net of treasury shares. 7) Incl. electronics, steering wheels, inflators and initiators. 8) Incl. seat components.