Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 132

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 132
---
 financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ Ernst & Young LLP

Detroit, Michigan

February 7, 2025

68

APTIV PLC

CONSOLIDATED STATEMENTS OF OPERATIONS

Year Ended December 31, 202420232022 (in millions, except per share amounts)Net sales$19,713 $20,051 $17,489 Operating expenses:Cost of sales16,002 16,612 14,854 Selling, general and administrative1,465 1,436 1,138 Amortization211 233 149 Restructuring (Note 10)193 211 85 Total operating expenses17,871 18,492 16,226 Operating income1,842 1,559 1,263 Interest expense(337)(285)(219)Other income (expense), net (Note 19)41 63 (54)Net gain on equity method transactions (Note 5)605 — — Income before income taxes and equity loss2,151 1,337 990 Income tax (expense) benefit(223)1,928 (121)Income before equity loss1,928 3,265 869 Equity loss, net of tax(118)(299)(279)Net income1,810 2,966 590 Net income (loss) attributable to noncontrolling interest24 28 (3)Net loss attributable to redeemable noncontrolling interest(