Federal-Mogul Holdings Corporation (NASDAQ: FDML) is a leading global supplier of products and services to the world’s manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company’s products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety.
Federal-Mogul operates two independent business divisions, each with a chief executive officer reporting to Federal-Mogul's Board of Directors. Federal-Mogul Powertrain designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications. Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world’s most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, chassis, wipers and other vehicle components. The company’s aftermarket brands include ANCO® wiper blades; Champion® spark plugs, wipers and filters; AE®, Fel-Pro®, FP Diesel® Goetze®, Glyco®, Nüral®, Payen® and Sealed Power® engine products; MOOG® steering and suspension parts; and Ferodo® and Wagner® brake products.
Federal-Mogul was founded in Detroit in 1899. The company employs 44,300 people in 33 countries, and its worldwide headquarters is in Southfield, Michigan, United States.

Federal-Mogul was founded in 1899 and is headquartered in Southfield, US

Federal-Mogul has an office in Southfield

Southfield, US (HQ)

27300 W Eleven Mile Rd

Federal-Mogul's revenue was reported to be $7.4 b in FY, 2016

USD

## Revenue (FY, 2016) | 7.4 b |

## Revenue growth (FY, 2015 - FY, 2016), % | 0% |

## Gross profit (FY, 2016) | 1.1 b |

## Gross profit margin (FY, 2016), % | 15% |

## Net income (FY, 2016) | 90 m |

## EBIT (FY, 2016) | 231 m |

## Market capitalization (23-Jan-2017) | 1.7 b |

## Closing share price (23-Jan-2017) | 10 |

## Cash (31-Dec-2016) | 300 m |

## EV | 4.3 b |

Federal-Mogul's current market capitalization is $1.7 b.

USD | FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|

## Revenue | 6.8 b | 7.3 b | 7.4 b | 7.4 b | |||

## Revenue growth, % | 8% | 1% | 0% | ||||

## Cost of goods sold | 5.2 b | 5.6 b | 5.5 b | 5.8 b | 6.3 b | 6.3 b | 6.3 b |

## Gross profit | 1 b | 1.1 b | 1.1 b | 1.1 b | |||

## Gross profit Margin, % | 15% | 14% | 14% | 15% | |||

## General and administrative expense | (815 m) | ||||||

## Operating expense total | (815 m) | ||||||

## EBIT | (34 m) | (48 m) | (55 m) | 231 m | |||

## EBIT margin, % | (1%) | (1%) | (1%) | 3% | |||

## Interest expense | 129 m | 127 m | 128 m | 99 m | 120 m | 138 m | 145 m |

## Pre tax profit | 157 m | (105 m) | (81 m) | 145 m | |||

## Income tax expense | (12 m) | 16 m | (29 m) | 56 m | 56 m | 30 m | (55 m) |

## Net Income | 49 m | (161 m) | (104 m) | 90 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.8 b | 1.9 b | 1.9 b | 1.8 b | 2 b | 1.8 b | 1.9 b | 1.9 b | 1.8 b |

## Cost of goods sold | (1.5 b) | (1.6 b) | (1.6 b) | (1.6 b) | (1.7 b) | (1.6 b) | (1.6 b) | (1.6 b) | (1.6 b) |

## Gross profit | 3.3 b | 3.4 b | 3.5 b | 3.4 b | 3.6 b | 3.4 b | 3.5 b | 3.5 b | 3.4 b |

## Gross profit Margin, % | 185% | 184% | 186% | 186% | 185% | 186% | 185% | 184% | 185% |

## General and administrative expense | (181 m) | (195 m) | (210 m) | (203 m) | (200 m) | (193 m) | (198 m) | (215 m) | (203 m) |

## Operating expense total | (181 m) | (195 m) | (210 m) | (203 m) | (200 m) | (193 m) | (198 m) | (215 m) | (203 m) |

## EBIT | 67 m | 65 m | 52 m | ||||||

## EBIT margin, % | 4% | 3% | 3% | ||||||

## Interest expense | (22 m) | (31 m) | (34 m) | (35 m) | (32 m) | (36 m) | (37 m) | (36 m) | (37 m) |

## Pre tax profit | 58 m | 12 m | (2 m) | 1 m | 29 m | (53 m) | 44 m | 48 m | 26 m |

## Income tax expense | 17 m | 15 m | 15 m | 11 m | 12 m | 9 m | 8 m | (15 m) | (10 m) |

## Net Income | 41 m | (3 m) | (17 m) | (10 m) | 36 m | 33 m | 16 m |

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 1 b | 953 m | 953 m | 467 m | 761 m | 332 m | 194 m | 300 m |

## Accounts Receivable | 1.3 b | 1.4 b | 1.4 b | 1.2 b | ||||

## Inventories | 224 m | 225 m | 188 m | 1.3 b | ||||

## Current Assets | 3.4 b | 3.2 b | 3.1 b | 3 b | ||||

## PP&E | 2 b | 2.2 b | 2.4 b | 2.3 b | ||||

## Total Assets | 7.2 b | 7.1 b | 7.2 b | 7.1 b | ||||

## Accounts Payable | 799 m | 926 m | 901 m | 885 m | ||||

## Total Debt | 2.7 b | 2.9 b | ||||||

## Current Liabilities | 3.1 b | 1.8 b | 1.8 b | 1.8 b | ||||

## Common Stock | 2 m | 2 m | 2 m | |||||

## Additional Paid-in Capital | 2.9 b | |||||||

## Retained Earnings | (518 m) | (686 m) | (796 m) | (714 m) | ||||

## Total Equity | 902 m | 880 m | ||||||

## Debt to Equity Ratio | 3.3 x | |||||||

## Debt to Assets Ratio | 0.4 x | |||||||

## Financial Leverage | 8 x | 8 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 652 m | 628 m | 469 m | 323 m | 243 m | 220 m | 252 m | 290 m | 330 m |

## Accounts Receivable | 1.4 b | 1.5 b | 1.5 b | 1.5 b | 1.6 b | 1.5 b | 1.5 b | 1.4 b | 1.3 b |

## Inventories | 1.1 b | 1.1 b | 1.2 b | 1.3 b | 1.3 b | 1.4 b | 1.4 b | 1.3 b | 1.3 b |

## Current Assets | 3.4 b | 3.5 b | 3.5 b | 3.3 b | 3.4 b | 3.3 b | 3.3 b | 3.2 b | 3.2 b |

## PP&E | 2.1 b | 2.1 b | 2.2 b | 2.3 b | 2.3 b | 2.4 b | 2.4 b | 2.4 b | 2.4 b |

## Total Assets | 7.3 b | 7.4 b | 7.5 b | 7.4 b | 7.6 b | 7.5 b | 7.5 b | 7.3 b | 7.3 b |

## Accounts Payable | 854 m | 850 m | 976 m | 976 m | 971 m | 932 m | 945 m | 915 m | 899 m |

## Current Liabilities | 1.6 b | 1.7 b | 1.9 b | 1.9 b | 1.9 b | 1.9 b | 1.9 b | 1.8 b | 1.8 b |

## Common Stock | 2 m | 2 m | 2 m | 2 m | 2 m | 2 m | 2 m | 2 m | 2 m |

## Additional Paid-in Capital | 2.9 b | 2.9 b | 2.9 b | 2.9 b | |||||

## Retained Earnings | (478 m) | (483 m) | (501 m) | (697 m) | (675 m) | (738 m) | (761 m) | (730 m) | (715 m) |

## Total Equity | 1.1 b | 979 m | 984 m | 964 m | 991 m | ||||

## Financial Leverage | 6.9 x | 7.6 x | 7.6 x | 7.6 x | 7.4 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 49 m | (161 m) | (104 m) | 90 m |

## Depreciation and Amortization | 296 m | 334 m | 341 m | 375 m |

## Accounts Receivable | 1 m | (47 m) | (10 m) | 111 m |

## Inventories | (21 m) | (84 m) | ||

## Accounts Payable | 79 m | 72 m | 18 m | 7 m |

## Cash From Operating Activities | 294 m | (429 m) | (126 m) | |

## Purchases of PP&E | (380 m) | (418 m) | (440 m) | |

## Cash From Investing Activities | (355 m) | (735 m) | ||

## Interest Paid | 133 m | 139 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 41 m | (3 m) | (17 m) | (10 m) | 36 m | 33 m | 16 m | ||

## Depreciation and Amortization | (12 m) | (12 m) | (13 m) | (14 m) | (15 m) | (16 m) | (15 m) | (14 m) | (15 m) |

## Accounts Receivable | 1.6 b | 1.5 b | 1.5 b | 1.4 b | 1.3 b | ||||

## Accounts Payable | 971 m | 932 m | 945 m | 915 m | 899 m |

Y, 2016 | |
---|---|

## EV/EBIT | 18.5 x |

## Debt/Equity | 3.3 x |

## Debt/Assets | 0.4 x |

## Financial Leverage | 8 x |

September 06, 2016

Mr. Icahn’s investment firm will buy the remaining 18 percent of Federal-Mogul, an auto parts supplier, it does not already own for $9.25 a share in cash.

September 06, 2016

He had to up his bid for the auto parts manufacturer.