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Exhibit 99.1
Exhinbit Financial Report Octob
Financial Report
October – December 2022
Stockholm, Sweden, January 27, 2023
(NYSE: ALV and SSE: ALIV.sdb)
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Autoliv Inc.
Autoliv Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
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The accounting estimates that require managements most significant judgments include the estimation of variable considerations, assessment of recoverability of goodwill and intangible assets, estimation of pension benefit obligations based on actuarial assumptions, estimation of accruals for warranty and recalls, restructuring charges, uncertain tax positions, valuation allowances and legal proceedings.
Reconciliation of U.S. GAAP measure to Net debt (dollars in millions) Adjusted operating income, adjusted operating margin and adjusted EPS Adjusted operating margin and adjusted EPS are non-U.S. GAAP measures the Company uses to evaluate its business, because the Company believes it assists investors and analysts in comparing the Company's performance across reporting periods on a consistent basis by excluding items that are non-operational or non-recurring in nature (such as costs related to capacity alignments, costs related to antitrust matters and for EPS unusual tax items) and that the Company does not believe are indicative of its core operating performance and underlying business trends.
The Company considers an accounting estimate to be critical if: It requires management to make assumptions about matters that were uncertain at the time of the estimate, and Changes in the estimate or different estimates that could have been selected would have had a material impact on the Company's financial condition or results of operations.
The Company believes price adjustments will gradually offset the non-raw material cost inflation as the market digests these new realities, with limited positive effects in the first quarter and gradual improvement as the year progresses.
Supply chain disruptions led to low customer demand visibility and material changes to customer call-offs with short notice which negatively impacted our production efficiency and profitability in 2022.
LEGAL The Company is involved...Read more
These factoring arrangements increase cash...Read more
This negative regional mix effect...Read more
The past years? high order...Read more
This stock repurchase program authorizes...Read more
In 2022, the Company's organic...Read more
In addition, over time, there...Read more
The $13 million decrease in...Read more
STRATEGIC INITIATIVES AND STRUCTURAL IMPROVEMENTS...Read more
Adjusted operating margin and adjusted...Read more
See also the discussion of...Read more
Gross Profit In 2022, Gross...Read more
With several hundred projects in...Read more
In 2022, the pricing environment...Read more
Non-U.S. GAAP Performance Measures In...Read more
In addition, political conditions leading...Read more
ORDER INTAKE ADDING TO AN...Read more
Significant Accounting Policies and Critical...Read more
Earnings per share, diluted decreased...Read more
This excludes the impact from...Read more
During 2022, Autoliv repurchased and...Read more
In recent years, the cost...Read more
In addition, a quality issue,...Read more
If such actual or alleged...Read more
Autoliv has not provided a...Read more
There are also other risks...Read more
As of December 31, 2021,...Read more
The net increase of $31...Read more
The Company's order intake share...Read more
Strategic Initiatives, including Automation, Digitalization,...Read more
Research, Development & Engineering (R,D&E)...Read more
It should be noted that...Read more
Outlook for 2023 The Company's...Read more
Despite macro-economic uncertainties in parts...Read more
Financial measure Full year indication...Read more
However, the final amounts determined...Read more
GROWTH IMPACTED BY LIGHT VEHICLE...Read more
Any one or more quality,...Read more
In addition to the structural...Read more
A substantial recall or liability...Read more
Due to volatility associated with...Read more
The weighted average number of...Read more
By adjusting for DRD, the...Read more
Additionally, the Company has introduced...Read more
As a result, the Company...Read more
results of operations Consolidated net...Read more
See tabular reconciliations above, that...Read more
Autoliv?s global sales increased organically...Read more
This investment in new products...Read more
The Company's sales in India...Read more
The gross profit decrease was...Read more
Sales increased organically in all...Read more
OEMs rigorously evaluate suppliers on...Read more
The Company maintains a program...Read more
The estimated life-time sales for...Read more
The table below illustrates the...Read more
The balanced regional sales mix...Read more
In addition, from time to...Read more
Reserves are established to reduce...Read more
During 2022, growth was positively...Read more
Receivables outstanding in relation to...Read more
Payables outstanding in relation to...Read more
Generally, the speed by which...Read more
The change was mainly due...Read more
REVENUE RECOGNITION In accordance with...Read more
TRADE Autoliv is subject to...Read more
RECALL PROVISIONS AND WARRANTY OBLIGATIONS...Read more
The Company may experience material...Read more
The decrease in the actuarial...Read more
Net Income and Earnings Per...Read more
Our sales growth has outperformed...Read more
A key strategy for Autoliv...Read more
At December 31, 2022, 23%...Read more
The 1P1P strategy, combined with...Read more
The Company estimates that the...Read more
The Company contributed $22 million...Read more
These non-U.S. GAAP measures have...Read more
Discrete tax items, net increased...Read more
Such differences could have a...Read more
Liquidity, Capital Resources, and Financial...Read more
A substantial legal liability or...Read more
See table below for a...Read more
In general, management anticipates that...Read more
A vehicle manufacturer may attempt...Read more
In the year ended December...Read more
In 2022, due to unprecedented...Read more
In addition, the Company maintains...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Autoliv Inc provided additional information to their SEC Filing as exhibits
Ticker: ALV
CIK: 1034670
Form Type: 10-K Annual Report
Accession Number: 0000950170-23-002977
Submitted to the SEC: Thu Feb 16 2023 9:41:48 AM EST
Accepted by the SEC: Thu Feb 16 2023
Period: Saturday, December 31, 2022
Industry: Motor Vehicle Parts And Accessories