Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1670541/000167054121000082/adnt-20210630.htm
May 2023
May 2023
April 2023
March 2023
March 2023
February 2023
November 2022
November 2022
October 2022
September 2022
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1670541/000167054121000082/adnt-20210630.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Adient Plc.
Adient Plc's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
Rating
Learn More![]()
Gross profit was favorably impacted by higher overall volumes, the favorable impact of foreign currencies, operational performance improvements and the one-time gain in Brazil, partially offset by higher commodity costs, and inefficiencies caused by unplanned production stoppages and COVID-19.
Adient currently estimates that upon completion of the restructuring actions, the fiscal 2021 restructuring plan will reduce annual operating costs by approximately $16 million, which is primarily the result of lower costs of sales and selling, general and administrative expenses due to reduced employee-related costs, of which approximately 20%-30% will result in net savings.
Adient currently estimates that upon completion of the restructuring actions, the fiscal 2020 restructuring plan will reduce annual operating costs by approximately $180 million, which is primarily the result of lower costs of sales and selling, general and administrative expenses due to reduced employee-related costs, of which approximately 35%-40% will result in net savings.
The increase in gross profit was due to higher overall volumes, the favorable impact of foreign currencies, operational performance improvements, and the one-time gain in Brazil, partially offset by higher commodity costs and inefficiencies caused by unplanned production stoppages and COVID-19.
The first nine months of fiscal 2021 income tax expense of $90 million was higher than the statutory rate of 12.5% primarily due to foreign tax rate differentials and the inability to record a tax benefit for losses in jurisdictions with valuation allowances, partially offset by a tax benefit from the write-off of a deferred tax liability related to withholding taxes.
Income Tax Provision The third...Read more
The third quarter of fiscal...Read more
The first nine months of...Read more
Sources of Cash Flows Operating...Read more
The lower level of loss...Read more
The automotive industry has seen...Read more
The automotive industry has also...Read more
The year over year increase...Read more
Net Income (Loss) Attributable to...Read more
In addition to the significant...Read more
Adjusted EBITDA increased during the...Read more
The nine months ended June...Read more
Additional information regarding these and...Read more
Asia Net sales increased during...Read more
Profitability, including gross profit as...Read more
The increase is primarily attributable...Read more
(7) The three months ended...Read more
Adient plc | Form 10-Q...Read more
Selling, General and Administrative Expenses...Read more
Trade working capital was favorably...Read more
Net sales increased by $1,836...Read more
Future adverse developments in the...Read more
Net sales increased during the...Read more
Net loss attributable to Adient...Read more
Selling, general and administrative expenses...Read more
In April 2021, Adient amended...Read more
The year over year increase...Read more
As a result, new vehicle...Read more
New Accounting Pronouncements See Note...Read more
Restructuring and Impairment Costs Restructuring...Read more
The agreements also provide for...Read more
Working capital The decrease in...Read more
The decrease is primarily attributable...Read more
Adient plc | Form 10-Q...Read more
Interest on the Term Loan...Read more
Adjusted EBITDA increased during the...Read more
The lower comprehensive loss attributable...Read more
(3) Reflects amortization of intangible...Read more
The ABL Credit Facility, Term...Read more
Adjusted EBITDA increased during the...Read more
Adient took significant measures to...Read more
SG&A was unfavorably impacted by...Read more
Adient's management closely monitors its...Read more
Net income attributable to Adient...Read more
The reportable segments are consistent...Read more
The increase in net sales...Read more
During the third quarter of...Read more
Light vehicle production levels by...Read more
Americas Net sales increased during...Read more
Forward-looking statements can also be...Read more
These notes will mature on...Read more
Adient is seeking to take...Read more
Capital expenditures: Capital expenditures decreased...Read more
The resumption of production in...Read more
Generally, Adient has been able...Read more
Effective July 1, 2020, Adient...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Adient Plc provided additional information to their SEC Filing as exhibits
Ticker: ADNT
CIK: 1670541
Form Type: 10-Q Quarterly Report
Accession Number: 0001670541-21-000082
Submitted to the SEC: Thu Aug 05 2021 4:26:10 PM EST
Accepted by the SEC: Thu Aug 05 2021
Period: Wednesday, June 30, 2021
Industry: Motor Vehicle Parts And Accessories