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6-K Cover Page Supplemental Info 2016.12.31


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K
 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2017
Commission File No. 001-36675
 
Fiat Chrysler Automobiles N.V.
(Translation of Registrant’s Name Into English)
 
25 St. James' Street
London SW1A 1HA
United Kingdom
Tel. No.: +44 (0) 20 7766 0311
(Address of Principal Executive Offices)
 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F þ Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)
(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)
(7): ¨

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨ No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

 






The following exhibits are furnished herewith:

Exhibit 99.1
Supplemental Information for the year ended December 31, 2016
Exhibit 99.2
Supplemental Information for the year ended December 31, 2016



    
    
    







SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 28, 2017
 
 
 FIAT CHRYSLER AUTOMOBILES N.V.
 
 
 
 
 
 
 
 
By: /s/ Richard K. Palmer
 
 
 
 
 
 
 
 
Name: Richard K. Palmer
 
 
 
Title: Chief Financial Officer


                                                                                           
                            
                                    





Index of Exhibits

Exhibit Number
Description of Exhibit
Exhibit 99.1
Supplemental Information for the year ended December 31, 2016
Exhibit 99.2
Supplemental Information for the year ended December 31, 2016



20161231 Additional Information Financial Data by Activity

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Exhibit 99.1
Income Statement by activity
Unaudited
 
 
For the Year Ended
December 31, 2016
 
 
For the Year Ended
December 31, 2015
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Net revenues
 
111,018

 
110,836

 
278

 
110,595

 
110,366

 
318

Cost of revenues
 
95,295

 
95,201

 
190

 
97,620

 
97,484

 
225

Selling, general and other costs
 
7,568

 
7,537

 
31

 
7,576

 
7,544

 
32

Research and development costs
 
3,274

 
3,274

 
—

 
2,864

 
2,864

 
—

Result from investments
 
316

 
161

 
155

 
143

 
18

 
125

Gains on the disposal of investments
 
13

 
13

 
—

 
—

 
—

 
—

Restructuring costs
 
88

 
87

 
1

 
53

 
53

 
—

Net financial expenses
 
2,016

 
2,016

 
—

 
2,366

 
2,366

 
—

Profit before taxes
 
3,106

 
2,895

 
211

 
259

 
73

 
186

Tax expense
 
1,292

 
1,270

 
22

 
166

 
147

 
19

Profit/(loss) from continuing operations
 
1,814

 
1,625

 
189

 
93

 
(74
)
 
167

Result from intersegment investments
 
 
 
189

 
 
 
—

 
167

 
—

Profit from discontinued operations, net of tax
 
 
 
 
 
 
 
284

 
284

 
21

Net profit
 
1,814

 
1,814

 
189

 
377

 
377

 
188

 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
 
6,056

 
5,844

 
212

 
4,794

 
4,608

 
186

Adjusted EBIT - discontinued operations
 
—

 
—

 
—

 
473

 
446

 
27

Total Adjusted EBIT
 
6,056

 
5,844

 
212

 
5,267

 
5,054

 
213





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Statement of Financial Position by activity
Unaudited
 
 
At December 31, 2016
 
 
December 31, 2015 (1)
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
Goodwill and intangible assets with indefinite useful lives
 
15,222

 
15,222

 
—

 
14,790

 
14,790

 
—

Other intangible assets
 
11,422

 
11,419

 
3

 
9,946

 
9,943

 
3

Property, plant and equipment
 
30,431

 
30,429

 
2

 
27,454

 
27,452

 
2

Investments and other financial assets
 
2,367

 
2,808

 
1,073

 
2,242

 
2,621

 
1,009

Deferred tax assets
 
3,699

 
3,644

 
55

 
4,056

 
4,005

 
51

Inventories
 
12,121

 
12,121

 
—

 
11,351

 
11,351

 
—

Assets sold with a buy-back commitment
 
1,533

 
1,533

 
—

 
1,881

 
1,881

 
—

Trade receivables
 
2,479

 
2,480

 
30

 
2,668

 
2,669

 
17

Receivables from financing activities
 
2,578

 
884

 
2,537

 
2,006

 
769

 
1,998

Current tax receivables
 
299

 
293

 
6

 
405

 
400

 
5

Other assets
 
3,917

 
3,901

 
16

 
3,254

 
3,235

 
20

Other financial assets
 
837

 
799

 
38

 
1,383

 
1,342

 
42

Cash and cash equivalents
 
17,318

 
17,167

 
151

 
20,662

 
20,528

 
134

Assets held for sale
 
120

 
120

 
—

 
5

 
5

 
—

Assets held for distribution
 
—

 
—

 
—

 
3,650

 
3,365

 
1,258

TOTAL ASSETS
 
104,343

 
102,820

 
3,911

 
105,753

 
104,356

 
4,539

Equity and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
19,353

 
19,353

 
1,474

 
16,968

 
16,968

 
1,462

Employee benefits
 
9,863

 
9,861

 
2

 
10,064

 
10,062

 
2

Provisions
 
15,837

 
15,826

 
11

 
13,792

 
13,784

 
8

Deferred tax liabilities
 
194

 
194

 
—

 
156

 
156

 
—

Debt
 
24,048

 
22,638

 
2,293

 
27,786

 
26,834

 
1,768

Trade payables
 
22,655

 
22,673

 
2

 
21,465

 
21,472

 
3

Other financial liabilities
 
697

 
690

 
7

 
736

 
736

 
3

Other liabilities
 
11,412

 
11,308

 
107

 
10,930

 
10,838

 
96

Liabilities held for sale
 
97

 
97

 
—

 
—

 
—

 
—

Liabilities held for distribution
 
—

 
—

 
—

 
3,584

 
3,240

 
1,183

Current tax payables
 
187

 
180

 
15

 
272

 
266

 
14

TOTAL EQUITY AND LIABILITIES
 
104,343

 
102,820

 
3,911

 
105,753

 
104,356

 
4,539


(1) Refer to FCA Annual Report at December 31, 2016 - Notes to Consolidated Financial Statements - Note 2.Basis of Preparation - Reclassifications and adjustment, for information on an adjustment to prior year balances


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Statements of Cash Flows by activity
Unaudited


 
For the Year Ended
December 31, 2016
 
 
For the Year Ended
December 31, 2015
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Net profit
 
1,814

 
1,814

 
189

 
93

 
93

 
167

Amortization and depreciation
 
5,956

 
5,955

 
1

 
5,414

 
5,413

 
1

Net losses/(gains) on disposal of non-current assets and other non-cash items
 
111

 
58

 
(136
)
 
830

 
769

 
(106
)
Dividends received
 
123

 
159

 
—

 
112

 
126

 
—

Change in provisions
 
1,519

 
1,518

 
1

 
3,206

 
3,206

 
—

Change in deferred taxes
 
389

 
387

 
2

 
(279
)
 
(278
)
 
(1
)
Change in items due to buy-back commitments
 
(95
)
 
(95
)
 
—

 
6

 
6

 
—

Change in working capital
 
777

 
767

 
10

 
(158
)
 
(127
)
 
(31
)
Cash flows from operating activities - discontinued operations1
 
—

 
—

 
—

 
527

 
495

 
32

TOTAL
 
10,594

 
10,563

 
67

 
9,751

 
9,703

 
62

CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Investments in property, plant and equipment and intangible assets
 
(8,815
)
 
(8,812
)
 
(3
)
 
(8,819
)
 
(8,816
)
 
(3
)
Acquisitions and capital increases in joint ventures, associates and unconsolidated subsidiaries
 
(116
)
 
(116
)
 
—

 
(266
)
 
(268
)
 
—

Proceeds from the sale of non-current assets
 
91

 
91

 
—

 
29

 
28

 
1

Net change in receivables from financing activities
 
(483
)
 
(185
)
 
(298
)
 
410

 
33

 
377

Change in current securities
 
299

 
301

 
(2
)
 
(256
)
 
(253
)
 
(3
)
Other changes
 
(15
)
 
(17
)
 
2

 
28

 
26

 
2

Cash flows used in investing activities - discontinued operations
 
—

 
—

 
—

 
(426
)
 
(372
)
 
(54
)
TOTAL
 
(9,039
)
 
(8,738
)
 
(301
)
 
(9,300
)
 
(9,622
)
 
320

 
1Amortization and depreciation - discontinued operations
 
—

 
—

 
—

 
275

 
273

 
2




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For the Year Ended
December 31, 2016
 
 
For the Year Ended
December 31, 2015
 
(€ million)
 
Group
 
Industrial activities
 
Financial services
 
Group
 
Industrial activities
 
Financial services
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
 
Net change in debt and other financial assets/liabilities
 
(4,990
)
 
(5,262
)
 
272

 
(5,788
)
 
(5,353
)
 
(435
)
Issuance of Mandatory Convertible Securities and other share issuances
 
—

 
—

 
—

 
—

 
—

 
—

Cash Exit Rights following the merger of Fiat into FCA
 
—

 
—

 
—

 
—

 
—

 
—

Exercise of stock options
 
—

 
—

 
—

 
—

 
—

 
—

Increase in share capital
 
18

 
18

 
—

 
10

 
10

 
2

Distributions paid
 
(18
)
 
(18
)
 
(36
)
 
(283
)
 
(284
)
 
(13
)
Distribution of certain tax obligations
 
—

 
—

 
—

 
—

 
—

 
—

Other changes (payment debts to Ferrari)
 
(137
)
 
(137
)
 
—

 
 
 
 
 
 
Acquisition of non-controlling interests
 
—

 
—

 
—

 
866

 
866

 
—

Cash flows from/(used in) financing activities - Discontinued operations
 
—

 
—

 
—

 
2,067

 
2,046

 
21

TOTAL
 
(5,127
)
 
(5,399
)
 
236

 
(3,128
)
 
(2,715
)
 
(425
)
    Translation exchange differences
 
228

 
213

 
15

 
681

 
709

 
(28
)
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS
 
(3,344
)
 
(3,361
)
 
17

 
(1,996
)
 
(1,925
)
 
(71
)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD
 
20,662

 
20,528

 
134

 
22,840

 
22,627

 
213

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD
 
17,318

 
17,167

 
151

 
20,844

 
20,702

 
142

     Cash and cash equivalents at the end of the period - Discontinued operations
 
—

 
—

 
—

 
182

 
174

 
8

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD WITHOUT DISCONTINUED OPERATIONS
 
17,318

 
17,167

 
151

 
20,662

 
20,528

 
134





a992q42016fcadebtmaturit
Q4 2016 Additional Information: Debt 1 Note: Numbers may not add due to rounding FCA Group Net debt breakdown (€/B) - Unaudited Sept. 30, ’16 Dec. 31, ’16 Cons. Ind. Fin. Cons. Ind. Fin. 25.2 23.4 1.8 Gross Debt* 24.0 21.8 2.2 (0.0) (0.1) 0.0 Derivatives M-to-M, Net 0.1 0.1 0.0 (17.0) (16.9) (0.1) Cash & Mktable Securities (17.6) (17.4) (0.2) 8.2 6.5 1.7 Net Debt 6.6 4.6 2.0 *Net of intersegment receivables/payables Exhibit 99.2

 
Q4 2016 Additional Information: Debt 2 Note: Numbers may not add due to rounding Outstanding Sept. 30, ’16 Outstanding Dec. 31, ’16 24.8 Cash Maturities 23.6 9.6 Bank Debt 9.8 13.8 Capital Market 12.5 1.4 Other Debt 1.4 0.3 Asset-backed financing 0.4 0.0 ABS / Securitization 0.0 0.0 Warehouse Facilities 0.0 0.3 Sale of Receivables 0.4 0.1 Accruals & Other Adjustments (0.1) 25.2 Gross Debt 24.0 (17.0) Cash & Mktable Securities (17.6) (0.0) Derivatives (Assets)/Liabilities 0.1 8.2 Net Debt 6.6 6.2 Undrawn Committed Revolving Facilities 6.2 FCA Group Gross debt breakdown(€/B) - Unaudited

 
Q4 2016 Additional Information: Debt 3 FCA Group Debt maturity schedule (€/B) - Unaudited Note: Numbers may not add due to rounding * Represents total cash maturities excluding accruals Outstanding Dec. 31 ’16 FCA Group 2017 2018 2019 2020 2021 Beyond 9.8 Bank Debt 4.4 2.8 0.9 0.5 0.4 0.8 12.5 Capital Market 2.6 2.0 1.5 1.4 1.0 4.0 1.4 Other Debt 0.6 0.2 0.2 0.1 0.1 0.3 23.6 Total Cash Maturities* 7.5 4.9 2.6 2.0 1.5 5.1 17.6 Cash & Mktable Securities 6.2 Undrawn Committed Revolving Facilities 23.8 Total Available Liquidity 6.6 Sale of Receivables (IFRS de-recognition compliant) 4.1 of which receivables sold to financial services JVs (FCA Bank)