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ALV Autoliv

Autoliv, Inc. is the worldwide leader in vehicle safety systems, and through our subsidiaries we develop, manufacture and market protective systems, such as airbags, seatbelts, steering wheels and pedestrian protection systems for all major automotive manufacturers in the world. Our products save over 30,000 lives each year and prevent ten times as many severe injuries. Our more than 65,000 associates in 27 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We have 14 technical centers, with 20 test tracks. Sales in 2019 amounted to US $ 8,548 million.

Company profile

Ticker
ALV
Exchange
Website
CEO
Mikael Bratt
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
510378542

ALV stock data

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Calendar

16 Jul 21
2 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Cost of revenue
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Financial data from Autoliv earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 893M 893M 893M 893M 893M 893M
Cash burn (monthly) 120.33M 27.5M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 134.64M 30.77M n/a n/a n/a n/a
Cash remaining 758.36M 862.23M n/a n/a n/a n/a
Runway (months of cash) 6.3 31.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Per Eric Ericson Common Stock Option exercise Aquire M No No 0 1,150 0 1,150
1 Jul 21 Per Eric Ericson RSU Common Stock Option exercise Dispose M No No 0 1,150.83 0 2,299.648
14 Jun 21 Jan Carlson RSU Common Stock Grant Aquire A No No 0 13.254 0 2,233.254
14 Jun 21 Frederic Lissalde RSU Common Stock Grant Aquire A No No 0 8.633 0 1,454.633
14 Jun 21 Brlas Laurie RSU Common Stock Grant Aquire A No No 0 8.633 0 1,454.633
14 Jun 21 Hasse Johansson RSU Common Stock Grant Aquire A No No 0 8.633 0 1,454.633

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
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Financial report summary

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Risks
  • We face risks related to the novel coronavirus (COVID-19) pandemic that have, and are expected to continue to have, an adverse impact on our business and financial performance
  • The cyclical nature of automotive sales and production can adversely affect our business. Our business is directly related to light vehicle production (“LVP”) in the global market and by our customers, and automotive sales and LVP are the most important drivers for our sales
  • Growth rates in safety content per vehicle, which can be impacted by changes in consumer trends and political decisions, could affect our results in the future
  • We operate in a highly competitive market
  • The discontinuation, lack of commercial success, or loss of business with respect to a particular vehicle model for which we are a significant supplier could reduce our sales and harm our business
  • We may incur material losses and costs as a result of product liability, warranty and recall claims that may be brought against us or our customers
  • Escalating pricing pressures from our customers may adversely affect our business
  • We could experience disruption in our supply or delivery chain, which could cause one or more of our customers to halt or delay production
  • Adverse developments affecting one or more of our major suppliers could harm our profitability
  • Changes in the source, cost, availability of and regulations pertaining to raw materials and components may adversely affect our profit margins
  • Our inability to effectively manage the timing, quality and costs of new program launches could adversely affect our financial performance
  • Changes in our product mix may impact our financial performance
  • We are involved from time to time in legal proceedings and our business may suffer as a result of adverse outcomes of current or future legal proceedings
  • Work stoppages, slow-downs or other labor issues at our customers’ facilities or at our facilities could adversely affect our operations
  • Our ability to operate our company effectively could be impaired if we fail to attract and retain executive officers and other key personnel
  • Restructuring and efficiency initiatives and capacity alignments are complex and difficult and at any time additional restructuring steps may be necessary, possibly on short notice and at significant cost
  • A prolonged recession and/or a downturn in our industry could result in us having insufficient funds to continue our operations and external financing may not be available to us or available only on materially different terms than what has historically been available
  • Governmental restrictions may impact our business adversely
  • Impairment charges relating to our assets, goodwill and other intangible assets could adversely affect our financial performance
  • We face risks related to our defined benefit pension plans and employee benefit plans, including the need for additional funding as well as higher costs and liabilities
  • You should not anticipate or expect the payment of cash dividends on our common stock
  • Cybersecurity incidents or other damage to our technology infrastructure could disrupt business operations, result in the loss of critical and confidential information, and adversely impact our reputation and operating results
  • Third parties that maintain certain of our confidential and proprietary information could experience a cybersecurity incident
  • Global climate change could negatively affect our business
  • The exit of the United Kingdom from membership in the European Union may adversely affect our business and profitability
  • Our foreign operations may subject us to risks relating to laws governing international relations
  • Our business in Asia is subject to aggressive competition and is sensitive to economic and market conditions
  • If our patents are declared invalid or our technology infringes on the proprietary rights of others, our ability to compete may be impaired
  • We may not be able to respond quickly enough to changes in technology and technological risks and to develop our intellectual property into commercially viable products
  • Some of our products and technologies may use “open source” software, which may restrict how we use or distribute our products or require that we release the source code of certain products subject to those licenses
  • Our business may be adversely affected by laws or regulations, including environmental, occupational health and safety or other governmental regulations
  • Our business may be adversely affected by changes in automotive safety regulations or concerns that drive further regulation of the automobile safety market
  • Negative or unexpected tax developments could adversely affect our effective tax rate, operating results and financial condition
  • We may not be able to fully realize our deferred tax assets
  • We could incur significant liability if the separation is determined to be a taxable transaction
  • Potential indemnification obligations to Veoneer or a refusal of Veoneer to indemnify us pursuant to the agreements executed in connection with the internal reorganization and spin-off could materially adversely affect us
Management Discussion
  • Consolidated net sales decreased by 12.9% compared to full year 2019. Excluding negative currency translation effects of 0.9%, the organic sales decrease (see section Non-U.S. GAAP Performance Measures) was 12.0%.
  • Sales of all our airbag products except textiles declined organically (see section Non-U.S. GAAP Performance Measures) by between 11% and 53% (depending on the region) for the full year, reflecting the 16.8% decline in LVP. Textiles increased by 66%, reflecting new sales of textiles for manufacturing of personal protection equipment. Sales of replacement inflators decreased by around $85 million to $57 million.
  • Seatbelt sales declined organically (see section Non-U.S. GAAP Performance Measures) by 7.7%. Japan showed a slight organic seatbelt sales growth, while all other regions showed organic sales declines between 1% and 21%. Sales of more advanced and higher value-added seatbelts declined significantly less than total seatbelts sales did and grew strongly in China and Japan.
Content analysis
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Positive
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Constraining
Legalese
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Readability
8th grade Avg
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Patents

GRANT
Utility
Lens assembly for a motor vehicle camera module
27 Jul 21
A lens assembly includes a lens housing, a flexible washer, and a lens module.
APP
Utility
Driver's Seat Airbag Apparatus for Vehicles
22 Jul 21
In a driver's seat airbag apparatus for vehicles, which includes a driver airbag which is deployed and expanded from a hub region towards a driver's seat via the inner peripheral side of a rim of a steering wheel surrounding this hub region, the driver airbag is configured so as to include: a back panel which is attached and fixed to an inflator provided in the hub region, and a bag body which is provided so as to be bonded to this back panel and deployed and expanded from this back panel towards the driver's seat, and wherein the attachment center S of the inflator to this back panel is set with respect to the center P of the back panel so as to be close to the 6 o'clock direction side in the 12 o'clock direction and the 6 o'clock direction of the steering wheel.
GRANT
Utility
Far side airbag apparatus for vehicle
20 Jul 21
A far side airbag apparatus for a vehicle for installation at a side of a frame of a backrest of a seat directed toward an inner center portion of the vehicle such that the far side airbag is expanded and deployed between at least two backrests arranged widthwise along the vehicle.
APP
Utility
Forked Far-side Airbag Assembly
15 Jul 21
A forked far-side airbag assembly includes a housing to be mounted in an inboard portion of a seat of a vehicle and an inflator assembly that is at least partially disposed within the housing.
APP
Utility
Vehicle Pillar Release Assemblies and Related Methods
15 Jul 21
Pillar release mechanisms and related airbag cushion assemblies.