AUTOLIV INC
For the period ended Mar 31, 2025. Filed Apr 16, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 16, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (unaudited)
(Dollars in millions, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net sales | $2,578 | $2,615 |
| Cost of sales1) | (2,100) | (2,172) |
| Gross profit | 478 | 443 |
| Selling, general and administrative expenses | (145) | (132) |
| Research, development and engineering expenses, net | (95) | (113) |
| Other income (expense), net2) | 15 | (4) |
| Operating income | 254 | 194 |
| Income from equity method investment | 1 | 2 |
| Interest income | 2 | 5 |
| Interest expense | (25) | (26) |
| Other non-operating items, net | 0 | (1) |
| Income before income taxes | 233 | 174 |
| Income tax expense | (65) | (47) |
| Net income3) | 167 | 127 |
| Less: Net income attributable to non-controlling interest | 0 | 0 |
| Net income attributable to controlling interest | $167 | $126 |
| Net earnings per share – basic | $2.15 | $1.53 |
| Net earnings per share – diluted | $2.14 | $1.52 |
| Weighted average number of shares outstanding, net of treasury shares (in millions) | 77.6 | 82.3 |
| Weighted average number of shares outstanding, assuming dilution and net of treasury shares (in millions) | 77.9 | 83.0 |
| Cash dividend per share – declared | $0.70 | $0.68 |
| Cash dividend per share – paid | $0.70 | $0.68 |
Including a gain on sale of property in China of $6 million in the first quarter of 2025.
Including a cumulative translation gain of $11 million related to the sale of the Russian entity in the first quarter of 2025.
3)For thethree months periods ended March 31, 2025 and 2024, the aggregate transaction gain (loss) included in net income for the period were a loss of$7 million and a loss of$6 million, respectively.
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