Lear Corporation

Automotive Retail auto parts electric components suppliers wireless

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components. The Company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat structures and mechanisms and headrests, as well as thermoelectric seat heating and cooling systems. The E-Systems segment offers electrical distribution systems that route electrical signals and manage electrical power within the vehicle for traditional vehicle architectures, as well as high power and hybrid electric systems. It also offers wireless systems comprising passive entry, remote keyless entry, and dual range/dual function remote keyless entry systems.

Revenue(FY, 2017)

$20.5 B

Market capitalization(2018-04-20)

$13.3 B

Backlog(FY, 2016)

$2.8 B

Type

Public

Southfield, US

Founded

1917

Size (employees)

165,000 (est)+12%

Website

lear.com

Lear Corporation was founded in 1917 and is headquartered in Southfield, US

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Key People/Management at Lear Corporation

Matthew Simoncini

President, Chief Executive Officer and Director

Ray Scott

Executive Vice President and President, Seating

Jeffrey Vanneste

Senior Vice President and Chief Financial Officer

Jay Kunkel

Senior Vice President and President, Asia-Pacific Operations

Terry Larkin

Executive Vice President, Business Development and General Counsel

Frank Orsini

Senior Vice President and President, E-Systems

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Lear Corporation Office Locations

Lear Corporation has offices in Singapore and Southfield

Southfield, US (HQ)

21557 Telegraph Rd

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Lear Corporation Financials and Metrics

Lear Corporation Financials

Lear Corporation's revenue was reported to be $20.47 b in FY, 2017

Summary

USD
Revenue (FY, 2017)	20.5 b
Market capitalization (20-Apr-2018)	13.3 b

Lear Corporation's current market capitalization is $13.3 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	16.2 b	17.7 b	18.2 b	18.6 b	20.5 b
Revenue growth, %		9%	3%	2%
Cost of goods sold	14.9 b	16.2 b	16.4 b	16.5 b
Gross profit	1.3 b	1.5 b	1.8 b	2.1 b

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	4.6 b	4.2 b	4.5 b	4.6 b	4.3 b	4.7 b	4.7 b	4.5 b	5 b
Cost of goods sold	4.2 b	3.9 b	4.1 b	4.2 b	3.9 b	4.1 b	4.2 b	4 b	4.4 b
Gross profit	379.1 m	361.2 m	425.7 m	450.2 m	453.2 m	535.7 m	540.4 m	513.9 m	582.5 m
Gross profit Margin, %	8%	9%	9%	10%	10%	11%	11%	11%	12%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	1.1 b	1.1 b	1.2 b	1.3 b
Accounts Receivable	2.3 b	2.5 b	2.6 b	2.7 b
Inventories	818.7 m	853.7 m	947.6 m	1 b
Current Assets	4.9 b	5.4 b	5.3 b	5.6 b	6.6 b

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	865.1 m	872.7 m	748.2 m	967.9 m	922.8 m	1.2 b	1.4 b	1.3 b	1.2 b
Accounts Receivable	3.1 b	2.8 b	3.2 b	3.1 b	3 b	3 b	3 b	3.1 b	3.3 b
Inventories	881.6 m	899.1 m	985.8 m	1 b	1 b	1 b	1 b	1.1 b	1.1 b
Current Assets	5.5 b	5.3 b	5.6 b	5.8 b	5.6 b	5.8 b	5.9 b	6.1 b	6.2 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	455.8 m	702.3 m	795.8 m	1 b
Depreciation and Amortization				378.2 m
Inventories	(102 m)	(91.2 m)	4.1 m	(53.5 m)	(76 m)
Accounts Payable	189.5 m	231.3 m	76.2 m	157.6 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	157.8 m	147.9 m	156.7 m	192.9 m	193.3 m	262.5 m	294.5 m	235 m	318.5 m
Depreciation and Amortization	8.3 m	8.6 m	13.3 m	13.2 m	13 m	13.2 m	13.3 m	15.2 m	10.1 m
Inventories	881.6 m	899.1 m	985.8 m	1 b	1 b	1 b	1 b	1.1 b	1.1 b