EX-99.A 2 arm8ka050107ex99.htm ARM 8-K/A 05/01/2007

 

ARVINMERITOR, INC.

SUMMARY CONSOLIDATED BALANCE SHEET

(In millions)

 

 

 

 

 

 

 

          March 31,

 

         September 30,

ASSETS

 

          2007

 

          2006

 

 

 

 

(Unaudited)

 

Cash and cash equivalents

 

$ 222

 

$ 350

Receivables, net

 

1,136

 

1,103

Inventories

 

486

 

488

Other current assets

 

240

 

246

Assets of discontinued operations

 

1,224

 

1,200

Net property

 

706

 

719

Goodwill

 

511

 

503

Other assets

 

973

 

904

 

 

 

TOTAL ASSETS

 

$ 5,498

 

$ 5,513

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREOWNERS’ EQUITY

 

 

 

 

 

 

 

 

Short-term debt

 

$ 17

 

$ 56

Accounts payable

 

1,128

 

1,106

Other current liabilities

 

637

 

706

Liabilities of discontinued operations

 

805

 

712

Long-term debt

 

1,220

 

1,174

Retirement benefits

 

478

 

487

Other liabilities

 

228

 

264

Minority interests

 

67

 

64

Shareowners’ equity

 

918

 

944

 

 

 

TOTAL LIABILITIES AND SHAREOWNERS’ EQUITY

 

$ 5,498

 

$ 5,513

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: Amounts at September 30, 2006 have been restated for discontinued operations.

 

 


 

 

 

ARVINMERITOR, INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(In millions)

 

 

 

 

 

                            Six Months Ended

 

                            March 31,

 

     2007

 

     2006

 

                 (Unaudited)

OPERATING ACTIVITIES

 

 

 

Income (loss) from continuing operations

$ (3)

 

$ 58

Adjustments to income (loss) from continuing operations

 

 

 

Depreciation and amortization

64

 

61

Restructuring costs, net of payments

20

 

(9)

Adjustment of impairment reserves

(10)

 

-

Gain on divestitures

(2)

 

(23)

Loss on debt extinguishment

6

 

9

Pension and retiree medical expense

67

 

66

Other adjustments to income (loss) from continuing operations

1

 

2

Pension and retiree medical contributions

(136)

 

(49)

Changes in receivable securitization and factoring

20

 

42

Changes in assets and liabilities

(81)

 

(54)

 

 

Cash flows provided by (used for) continuing operations

(54)

 

103

Cash flows provided by (used for) discontinued operations

(9)

 

23

 

 

CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES

(63)

 

126

 

 

 

 

 

 

INVESTING ACTIVITIES

 

 

 

Capital expenditures

(48)

 

(53)

Proceeds from dispositions of property and businesses

11

 

44

Proceeds from marketable securities

5

 

-

Acquisitions of businesses and investments, net of cash acquired

(2)

 

(1)

Net investing cash flows provided by (used for) discontinued operations

(23)

 

177

 

 

CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES

(57)

 

167

 

 

 

 

 

 

 

 

 


 

 

 

FINANCING ACTIVITIES

 

 

 

Change in revolving debt, net

74

 

-

Change in U.S. accounts receivable securitization program

(40)

 

94

Debt issuance

200

 

300

Debt buy back

(227)

 

(603)

Payments on lines of credit and other, net

(1)

 

(3)

 

 

Net change in debt

6

 

(212)

Costs associated with debt extinguishment and issuance

(10)

 

(18)

Proceeds from exercise of stock options

6

 

-

Cash dividends

(14)

 

(14)

Other financing activities

(1)

 

-

Net financing cash flows provided by discontinued operations

(1)

 

(2)

 

 

CASH USED FOR FINANCING ACTIVITIES

(14)

 

(246)

 

 

 

 

 

 

IMPACT OF CURRENCY ON CASH AND CASH EQUIVALENTS

6

 

2

 

 

 

 

CHANGE IN CASH AND CASH EQUIVALENTS

(128)

 

49

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

350

 

187

 

 

CASH AND CASH EQUIVALENTS AT END OF PERIOD

$ 222

 

$ 236

 

 

 

 

 

 

Note: Amounts for the six months ended March 31, 2006 have been restated for discontinued operations.