For the year ending 2025-12-31, APTV had $280M increase in cash & cash equivalents over the period. $1,529M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 181 | 1,810 | 2,966 | 590 |
| Depreciation | 783 | 753 | 679 | 613 |
| Amortization | 208 | 211 | 233 | 149 |
| Amortization of deferred debt issuance costs | 9 | 12 | 9 | 9 |
| Restructuring expense, net of cash paid | -10 | -45 | 83 | 18 |
| Deferred income taxes | 394 | -34 | -2,164 | -144 |
| Pension and other postretirement benefit expenses | 44 | 44 | 44 | 30 |
| Loss from equity method investments, net of dividends received | -58 | -130 | -304 | -284 |
| Loss on modification of debt | - | - | 0 | 0 |
| Loss on extinguishment of debt | -2 | -15 | -1 | 0 |
| (gain) loss on sale of assets | 2 | -6 | -2 | -1 |
| Goodwill impairment | 648 | - | - | - |
| Share-based compensation | 139 | 120 | 115 | 86 |
| Gain on autonomous driving joint venture, net | - | - | - | 0 |
| Other charges related to ukraine/russia conflict | - | 0 | 0 | 54 |
| Net gain on equity method transactions | 46 | 605 | - | - |
| Accounts receivable, net | 216 | -285 | 112 | 497 |
| Inventories | 241 | -45 | 20 | 258 |
| Other assets | 122 | 15 | 187 | -66 |
| Accounts payable | 251 | -210 | 4 | 137 |
| Accrued and other long-term liabilities | 125 | 60 | 0 | 142 |
| Other, net | -10 | 104 | 28 | -7 |
| Pension contributions | 30 | 32 | 33 | 24 |
| Net cash provided by operating activities | 2,185 | 2,446 | 1,896 | 1,263 |
| Capital expenditures | 656 | 830 | 906 | 844 |
| Proceeds from sale of property | 16 | 6 | 4 | 4 |
| Proceeds from asset sale | 4 | - | - | - |
| Proceeds from business divestitures, net of cash sold | 0 | 0 | -17 | - |
| Cost of business acquisitions and other transactions, net of cash acquired | 0 | 0 | 83 | 4,310 |
| Proceeds from sale of technology investments | 12 | 0 | 0 | 3 |
| Cost of technology investments | 42 | 121 | 6 | 42 |
| Proceeds from sale of equity method investment | 164 | 448 | - | - |
| Purchase of short-term investments | 0 | 748 | - | - |
| Redemption of short-term investments | 0 | 740 | - | - |
| Settlement of derivatives | -4 | 2 | -6 | -7 |
| Net cash used in investing activities | -498 | -507 | -1,002 | -5,182 |
| Net (repayments) proceeds under other short-term debt agreements | -462 | 454 | -23 | -1 |
| Proceeds from term loans (net of 2, 0 and 0 issuance costs, respectively) | 0 | 598 | - | - |
| Repayment of term loans | 250 | 350 | 309 | 4 |
| Repayment of senior notes | 296 | 1,440 | 0 | 0 |
| Proceeds from the issuance of senior and junior notes (net of 30, 0 and 22 issuance costs and 5, 0 and 6 discount, respectively) | 0 | 2,920 | 0 | 2,472 |
| Payments of financing costs | 5 | - | 0 | 0 |
| Proceeds from bridge loan (net of 17, 0 and 0 issuance costs, respectively) | 0 | 2,483 | - | - |
| Proceeds from the public offering of ordinary shares, net of issuance costs | - | - | - | 0 |
| Repayment of bridge loan | 0 | 2,500 | - | - |
| Proceeds from the public offering of preferred shares, net of issuance costs | - | - | - | 0 |
| Equity related transaction costs | 0 | -3 | - | - |
| Contingent consideration payments | 0 | 0 | 10 | 0 |
| Dividend payments of consolidated affiliates to minority shareholders | 6 | 0 | 2 | 9 |
| Repurchase of ordinary shares | 397 | 4,104 | 398 | 0 |
| Distribution of mandatory convertible preferred share cash dividends | 0 | 0 | 32 | 63 |
| Distribution of ordinary share cash dividends | - | - | - | 0 |
| Taxes withheld and paid on employees restricted share awards | 26 | 23 | 33 | 36 |
| Net cash used in financing activities | -1,442 | -1,965 | -807 | 2,359 |
| Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | 35 | -40 | -2 | -24 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 280 | -66 | 85 | -1,584 |
| Cash and cash equivalents at beginning of period | 1,574 | 1,640 | 1,555 | 3,139 |
| Cash and cash equivalents at end of period | 1,854 | 1,574 | 1,640 | 1,555 |
Aptiv PLC (APTV)
Aptiv PLC (APTV)