Aptiv PLC Files 2024 10-K Report

Ticker: APTV · Form: 10-K · Filed: Feb 7, 2025 · CIK: 1521332

Sentiment: neutral

Topics: 10-K, annual-report, automotive

TL;DR

Aptiv dropped its 2024 10-K. Full financials are in.

AI Summary

Aptiv PLC filed its 2024 10-K report on February 7, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, formerly known as Delphi Automotive PLC, is a major player in the motor vehicle parts and accessories industry. The filing provides comprehensive financial statements and disclosures as required by the SEC.

Why It Matters

This filing provides investors and analysts with a detailed look at Aptiv's financial health, operational performance, and strategic outlook for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — 10-K filings inherently carry medium risk due to the complexity of financial data and potential for market-moving information.

Key Numbers

Key Players & Entities

FAQ

What was Aptiv PLC's former name?

Aptiv PLC's former name was Delphi Automotive PLC, with a date of name change on 20110520.

What is the SEC file number for Aptiv PLC?

The SEC file number for Aptiv PLC is 001-35346.

When did Aptiv PLC's fiscal year end for this report?

Aptiv PLC's fiscal year ended on 20241231.

On what date was this 10-K filing submitted?

This 10-K filing was submitted on 20250207.

What is Aptiv PLC's Standard Industrial Classification code?

Aptiv PLC's Standard Industrial Classification code is 3714, categorized under MOTOR VEHICLE PARTS & ACCESSORIES.

Filing Stats: 4,379 words · 18 min read · ~15 pages · Grade level 15.6 · Accepted 2025-02-07 16:56:51

Key Financial Figures

Filing Documents

Business

Item 1. Business 5 Supplementary Item. Executive Officers of the Registrant 14

Risk Factors

Item 1A. Risk Factors 16

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 29

Cybersecurity

Item 1C. Cybersecurity 29

Properties

Item 2. Properties 31

Legal Proceedings

Item 3. Legal Proceedings 31

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 31 Part II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 32

[Reserved]

Item 6. [Reserved] 33

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 34

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 62

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 65

Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 139

Controls and Procedures

Item 9A. Controls and Procedures 139

Other Information

Item 9B. Other Information 140 Part III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 141

Executive Compensation

Item 11. Executive Compensation 141

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 141

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 141

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 141 Part IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 142 3 Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This Annual Report on Form 10-K, including the exhibits being filed as part of this report, as well as other statements made by Aptiv PLC ("Aptiv," the "Company," "we," "us" and "our"), contain forward-looking statements that reflect, when made, the Company's current views with respect to current events, certain investments and acquisitions and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential," "outlook" or "continue," and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: global and regional economic conditions, including conditions affecting the credit market; global inflationary pressures; uncertainties created by the conflict between Ukraine and Russia, and its impacts to the European and global economies and our operations in each country; uncertainties created by the conflicts in the Middle East and their impacts on global economies; fluctuations in interest rates and foreign currency exchange rates; the cyclical nature of global automotive sales and production; the potential disruptions in the supply of and changes in the competitive environment for raw

BUSINESS

ITEM 1. BUSINESS In December 2024, Old Aptiv (as defined below), a public limited company formed under the laws of Jersey on May 19, 2011, completed its previously announced reorganization transaction (the "Transaction," or the "reorganization transaction"), in which Old Aptiv established a new publicly-listed Jersey parent company, Aptiv Holdings Limited ("New Aptiv"), which is resident for tax purposes in Switzerland. As a result of the Transaction, all issued and outstanding ordinary shares of Old Aptiv were exchanged on a one-for-one basis for newly issued ordinary shares of New Aptiv. Following consummation of the Transaction, holders of Old Aptiv shares became ordinary shareholders of New Aptiv, Old Aptiv became a wholly-owned subsidiary of New Aptiv and New Aptiv was renamed "Aptiv PLC." The previous publicly-listed Jersey parent company, which was an Irish tax resident, is referred to as "Old Aptiv" throughout this Annual Report on Form 10-K. New Aptiv's ordinary shares are publicly traded on the New York Stock Exchange ("NYSE") under the symbol "APTV," the same symbol under which the Old Aptiv shares were previously listed. Aptiv PLC remains a public limited company incorporated under the laws of Jersey, and continues to be subject to U.S. Securities and Exchange Commission reporting requirements. In December 2024, following the completion of the Transaction, Old Aptiv merged with and into Aptiv Swiss Holdings Limited ("Aptiv Swiss Holdings"), a newly formed Jersey incorporated private limited company, and a direct, wholly-owned subsidiary of New Aptiv, with Aptiv Swiss Holdings surviving as a direct, wholly owned subsidiary of New Aptiv, and Old Aptiv ceasing to exist. Except as otherwise noted, all property, rights, privileges, powers and franchises of Old Aptiv vested in Aptiv Swiss Holdings, and all debts, liabilities and duties of Old Aptiv became debts, liabilities and duties of Aptiv Swiss Holdings. In connection with the Transaction, New Aptiv as

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