ON OPERATIONS 24 Highlights 25 Highlights by Segment 26 Shareholders 30 Main Risks and Uncertainties to Which CNH Industrial N.V
O2 REPORT ON OPERATIONS 24 Highlights 25 Highlights by Segment 26 Shareholders 30 Main Risks and Uncertainties to which CNH Industrial N.V. and the Group are exposed 44 Business Overview 72 Research and Development 73 Human Resources 76 Financial Review 94 Corporate Governance 108 Remuneration of Directors 115 Subsequent Events and Outlook 24 REPORT ON HIGHLIGHTS OPERATIONS HIGHLIGHTS ($ million) 2014 2013(*) 2012(*)(**) 2011(*)(**) 2010(*)(**) Net revenues 32,957 34,231 33,128 33,809 28,294 Trading profit 2,399 2,637 2,650 2,353 1,453 Operating profit/(loss) 2,167 2,481 2,377 2,283 1,354 Profit/(loss) before taxes 1,482 2,002 1,882 1,627 751 Profit/(loss) 916 1,218 1,162 977 490 Attributable to: Owners of the parent 917 1,048 1,023 871 442 Non-controlling interests (1) 170 139 106 48 Basic earnings/(loss) per common share ($) (1) 0.68 0.83 0.84 0.68 0.34 Diluted earnings/(loss) per common share ($) (1) 0.68 0.83 0.84 0.68 0.34 Investments in tangible and intangible assets 1,698 1,985 1,733 1,382 1,156 of which: capitalized R&D costs 676 759 685 556 525 R&D expenditure (2) 1,122 1,240 1,149 1,033 864 Total Assets 54,441 56,462 51,273 49,908 46,597 Net (debt)/cash (23,590) (23,290) (21,102) (18,825) (16,273) of which: net industrial (debt)/cash (2,874) (2,195) (2,166) (1,603) (2,539) Total equity 7,577 7,662 7,093 6,795 6,088 Equity attributable to owners of the parent 7,534 7,591 6,107 5,711 5,099 Employees at year end 69,207 71,192 68,257 66,998 62,123 (*) Amounts recast in order to reflect the change in presentation currency from euro to U.S.
[Show full text]