Full Year Financial Highlights
2005 full year sales of $12.6 billion, an increase of 5% from 2004
GAAP net earnings of $204 million or $1.99 per diluted share, which includes:
One-time favorable items for $18 million reduction in litigation reserves
and tax benefit of $17 million
Loss on retirement of debt of $7 million
Net earnings excluding these items were $176 million or $1.72 per diluted share(1)
Net debt at year-end was $2.6 billion(2)
Achieved 2005 financial and operational commitments
Made significant progress toward advancing our four Strategic Priorities – Best Quality, Lowest Cost, Global Reach and Innovative Technology
For reconciliation of GAAP equivalent, see slide 23 of this presentation.
Net debt is equal to total indebtedness (including receivables facility) minus cash, cash equivalents and marketable securities. For net debt reconciliation to closest GAAP
equivalent, please refer to the reconciliation on slide 32 of this presentation.
© TRW Automotive Holdings Corp. 2006