Aptiv Q3 Report 2022

For the three months ended September 30, 2022, the Company reported U.S. GAAP revenue of $4.6 billion, an increase of 26% from the prior year period. Adjusted for currency exchange and commodity movements, revenue increased by 33% in the third quarter. This reflects growth of 36% in Asia, which includes an increase of 42% in China, 31% in North America,  29% in Europe, and 53% in South America, our smallest region.

The Company reported third quarter 2022 U.S. GAAP net income of $286 million and earnings of $1.05 per diluted share, compared to $86 million and $0.32 per diluted share in the prior year period. Third quarter Adjusted Net Income, a non-GAAP financial measure defined below, totaled $364 million, or earnings of $1.28 per diluted share, compared to $140 million, or $0.49 per diluted share, in the prior year period.

Third quarter Adjusted Operating Income, a non-GAAP financial measure defined below, was $525 million, compared to $256 million in the prior year period. Adjusted Operating Income margin was 11.4%, compared to 7.0% in the prior year period, reflecting increased global vehicle production and the favorable impact of material cost recoveries. Depreciation and amortization expense totaled $190 million, as compared to $193 million in the prior year period.