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 2018
Commission File No. 001-36675
Fiat Chrysler Automobiles N.V.
(Translation of Registrant’s Name Into English)
25 St. James's 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, 2017 |
Exhibit 99.2 | Supplemental Information for the year ended December 31, 2017 |
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 22, 2018 | 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, 2017 |
Exhibit 99.2 | Supplemental Information for the year ended December 31, 2017 |
Exhibit 99.1
Income Statement by activity
Unaudited
For the Year Ended December 31, 2017 | For the Year Ended December 31, 2016 | |||||||||||||||||
(€ million) | Group | Industrial activities | Financial services | Group | Industrial activities | Financial services | ||||||||||||
Net revenues | 110,934 | 110,745 | 296 | 111,018 | 110,836 | 278 | ||||||||||||
Cost of revenues | 93,975 | 93,891 | 191 | 95,295 | 95,201 | 190 | ||||||||||||
Selling, general and other costs | 7,385 | 7,353 | 32 | 7,568 | 7,537 | 31 | ||||||||||||
Research and development costs | 3,230 | 3,230 | — | 3,274 | 3,274 | — | ||||||||||||
Result from investments | 410 | 220 | 190 | 316 | 161 | 155 | ||||||||||||
Reversal of a Brazilian indirect tax liability | 895 | 895 | — | — | — | — | ||||||||||||
Gains on the disposal of investments | 76 | 76 | — | 13 | 13 | — | ||||||||||||
Restructuring costs | 95 | 93 | 2 | 88 | 87 | 1 | ||||||||||||
Net financial expenses | 1,469 | 1,469 | — | 2,016 | 2,016 | — | ||||||||||||
Profit before taxes | 6,161 | 5,900 | 261 | 3,106 | 2,895 | 211 | ||||||||||||
Tax expense | 2,651 | 2,624 | 27 | 1,292 | 1,270 | 22 | ||||||||||||
Result from intersegment investments | — | 234 | — | — | 189 | — | ||||||||||||
Net profit | 3,510 | 3,510 | 234 | 1,814 | 1,814 | 189 | ||||||||||||
Adjusted EBIT | 7,054 | 6,791 | 263 | 6,056 | 5,844 | 212 | ||||||||||||
Statement of Financial Position by activity
Unaudited
At December 31, 2017 | At December 31, 2016 | |||||||||||||||||
(€ million) | Group | Industrial activities | Financial services | Group | Industrial activities | Financial services | ||||||||||||
Goodwill and intangible assets with indefinite useful lives | 13,390 | 13,390 | — | 15,222 | 15,222 | — | ||||||||||||
Other intangible assets | 11,542 | 11,539 | 3 | 11,422 | 11,419 | 3 | ||||||||||||
Property, plant and equipment | 29,014 | 29,012 | 2 | 30,431 | 30,429 | 2 | ||||||||||||
Investments and other financial assets | 2,977 | 3,356 | 1,228 | 3,204 | 3,607 | 1,111 | ||||||||||||
Deferred tax assets | 2,004 | 1,955 | 49 | 3,699 | 3,644 | 55 | ||||||||||||
Inventories | 12,922 | 12,922 | — | 12,121 | 12,121 | — | ||||||||||||
Assets sold with a buy-back commitment | 1,748 | 1,748 | — | 1,533 | 1,533 | — | ||||||||||||
Trade receivables | 2,460 | 2,461 | 19 | 2,479 | 2,480 | 30 | ||||||||||||
Receivables from financing activities | 3,140 | 1,356 | 2,906 | 2,578 | 884 | 2,537 | ||||||||||||
Tax receivables | 298 | 293 | 5 | 299 | 293 | 6 | ||||||||||||
Other assets | 4,166 | 4,157 | 9 | 3,917 | 3,901 | 16 | ||||||||||||
Cash and cash equivalents | 12,638 | 12,423 | 215 | 17,318 | 17,167 | 151 | ||||||||||||
Assets held for sale | — | — | — | 120 | 120 | — | ||||||||||||
TOTAL ASSETS | 96,299 | 94,612 | 4,436 | 104,343 | 102,820 | 3,911 | ||||||||||||
Equity and Liabilities | ||||||||||||||||||
Equity | 20,987 | 20,987 | 1,598 | 19,353 | 19,353 | 1,474 | ||||||||||||
Employee benefits liabilities | 9,278 | 9,276 | 2 | 9,863 | 9,861 | 2 | ||||||||||||
Provisions | 14,779 | 14,777 | 11 | 15,837 | 15,826 | 11 | ||||||||||||
Deferred tax liabilities | 388 | 388 | — | 194 | 194 | — | ||||||||||||
Debt | 17,971 | 16,461 | 2,632 | 24,048 | 22,638 | 2,293 | ||||||||||||
Trade payables | 21,939 | 21,939 | 8 | 22,655 | 22,673 | 2 | ||||||||||||
Other financial liabilities | 139 | 139 | — | 697 | 690 | 7 | ||||||||||||
Tax payables | 383 | 370 | 22 | 187 | 180 | 15 | ||||||||||||
Other liabilities | 10,435 | 10,275 | 163 | 11,412 | 11,308 | 107 | ||||||||||||
Liabilities held for sale | — | — | — | 97 | 97 | — | ||||||||||||
TOTAL EQUITY AND LIABILITIES | 96,299 | 94,612 | 4,436 | 104,343 | 102,820 | 3,911 | ||||||||||||
Statement of Cash Flows by activity
Unaudited
For the Year Ended December 31, 2017 | For the Year Ended December 31, 2016 | |||||||||||||||||
(€ million) | Group | Industrial activities | Financial services | Group | Industrial activities | Financial services | ||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||
Net profit | 3,510 | 3,510 | 234 | 1,814 | 1,814 | 189 | ||||||||||||
Amortization and depreciation | 5,890 | 5,889 | 1 | 5,956 | 5,955 | 1 | ||||||||||||
Net losses/(gains) on disposal of non-current assets and other non-cash items | (259 | ) | (318 | ) | (175 | ) | 111 | 58 | (136 | ) | ||||||||
Dividends received | 102 | 115 | — | 123 | 159 | — | ||||||||||||
Change in provisions | 555 | 553 | 2 | 1,519 | 1,518 | 1 | ||||||||||||
Change in deferred taxes | 1,057 | 1,058 | (1 | ) | 389 | 387 | 2 | |||||||||||
Change in items due to buy-back commitments | (11 | ) | (11 | ) | — | (95 | ) | (95 | ) | — | ||||||||
Change in working capital | (459 | ) | (557 | ) | 98 | 777 | 767 | 10 | ||||||||||
TOTAL | 10,385 | 10,239 | 159 | 10,594 | 10,563 | 67 | ||||||||||||
CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES: | ||||||||||||||||||
Investments in property, plant and equipment and intangible assets | (8,666 | ) | (8,663 | ) | (3 | ) | (8,815 | ) | (8,812 | ) | (3 | ) | ||||||
Investment in joint ventures, associates and unconsolidated subsidiaries | (18 | ) | (18 | ) | — | (116 | ) | (116 | ) | — | ||||||||
Proceeds from the sale of non-current assets | 65 | 64 | 1 | 91 | 91 | — | ||||||||||||
Net change in receivables from financing activities | (838 | ) | (207 | ) | (631 | ) | (483 | ) | (185 | ) | (298 | ) | ||||||
Change in current securities | 175 | 140 | 35 | 299 | 301 | (2 | ) | |||||||||||
Other changes | (14 | ) | (14 | ) | — | (15 | ) | (17 | ) | 2 | ||||||||
TOTAL | (9,296 | ) | (8,698 | ) | (598 | ) | (9,039 | ) | (8,738 | ) | (301 | ) | ||||||
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES: | ||||||||||||||||||
Net change in debt and other financial assets/liabilities | (4,470 | ) | (5,009 | ) | 534 | (4,990 | ) | (5,262 | ) | 272 | ||||||||
Increase in share capital | 3 | 3 | — | 18 | 18 | — | ||||||||||||
Distributions paid | (1 | ) | (1 | ) | (13 | ) | (18 | ) | (18 | ) | (36 | ) | ||||||
Other changes | (5 | ) | — | — | (137 | ) | (137 | ) | — | |||||||||
TOTAL | (4,473 | ) | (5,007 | ) | 521 | (5,127 | ) | (5,399 | ) | 236 | ||||||||
Translation exchange differences | (1,296 | ) | (1,278 | ) | (18 | ) | 228 | 213 | 15 | |||||||||
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS | (4,680 | ) | (4,744 | ) | 64 | (3,344 | ) | (3,361 | ) | 17 | ||||||||
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD | 17,318 | 17,167 | 151 | 20,662 | 20,528 | 134 | ||||||||||||
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD | 12,638 | 12,423 | 215 | 17,318 | 17,167 | 151 | ||||||||||||
Q4 2017 Additional Information: Debt 1
Note: Numbers may not add due to rounding
Net debt breakdown - Unaudited
Exhibit 99.2
€B
Sept. 30, ‘17 Dec. 31, ‘17
Cons. Ind. Fin. Cons. Ind. Fin.
18.5 16.4 2.1 Gross debt* 17.7 15.2 2.5
(0.2) (0.2) (0.0) Derivatives M-to-M, Net (0.2) (0.2) (0.0)
(12.0) (11.8) (0.2) Cash & marketable securities (12.8) (12.6) (0.2)
6.3 4.4 1.9 Net debt 4.7 2.4 2.3
* Net of intersegment receivables and receivables from jointly-controlled financial services companies (at consolidated level € 0.3B
in December 2017 and € 0.2B at September 2017)
Q4 2017 Additional Information: Debt 2
Note: Numbers may not add due to rounding
Outstanding
Sept. 30, ’17
Outstanding
Dec. 31, ’17
18.6 Cash maturities 17.7
7.2 Bank debt 7.2
10.3 Capital market debt 9.8
1.0 Other debt 0.7
0.1 Asset-backed financing 0.4
0.0 Accruals (0.1)
18.6 Debt vs Third Parties 18.0
(0.2) Fin. rec. from jointly-controlled Fin. Serv. companies (0.3)
18.5 Debt (net of Fin. rec. from jointly-controlled Fin. Serv. Companies) 17.7
(12.0) Cash & marketable securities (12.8)
(0.2) Derivatives (assets)/liabilities (0.2)
6.3 Net debt 4.7
7.6 Undrawn committed revolving facilities 7.6
Debt breakdown- Unaudited
€B
Q4 2017 Additional Information: Debt 3
Debt maturity schedule - Unaudited
€B
Outstanding
Dec. 31 ‘17 2018 2019 2020 2021 2022 Beyond
7.2 Bank debt 4.4 1.0 0.5 0,4 0.3 0.5
9.8 Capital market debt 2.0 1.6 1.3 1.0 1.4 2.5
0.7 Other debt 0.5 0.2 0.1 0.0 0.0 0.0
17.7 Total cash maturities * 6.9 2.8 1.8 1.4 1.7 3.0
12.8 Cash and marketable securities
7.6 Undrawn committed revolving facilities
20.4 Total available liquidity
7.9
Sale of receivables (IFRS de-recognition
compliant)
4.9
of which receivables sold to financial
services JVs (FCA Bank)
Note: Numbers may not add due to rounding
* Excludes accruals and asset back financing (€ 0.4B in December 2017). Total Third Parties debt € 18B)