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Delphi Technologies (DLPH)

Delphi Technologies PLC engages in the development, design, and manufacture of integrated powertrain technologies. It operates through the following segments: Powertrain Products, Fuel Injection Systems and Electrification & Electronics and Aftermarket. The Powertrain Products segment includes an array of highly engineered products for traditional combustion and hybrid electric vehicles, including variable valvetrain, smart remote actuators, powertrain sensors, ignition products, canisters, and fuel handling products. The Fuel Injection Systems segment includes gasoline and diesel fuel injection components and systems. The Electrification & Electronics segment consists of engine and transmission control modules and power electronics. The Aftermarket segment sells aftermarket products to independent aftermarket and original equipment service customers The company was Founded in 2014 and is headquartered in London, the United Kingdom.

Company profile

Ticker
DLPH
Exchange
Website
CEO
Richard F. Dauch
Employees
Incorporated
Location
Fiscal year end
Former names
Delphi Jersey Holdings plc
SEC CIK
Subsidiaries
Alliance Friction Technology Private Limited • AS Catalizadores Ambientales, S. de R.L. de C.V. • Beijing Delphi Technology Development Co., Ltd. • Beijing Delphi Wan Yuan Engine Management Systems Co., Ltd. • BGMD Servicos Automotivos Ltda. • Closed Joint Stock Company • D2 Industrial Development and Production SRL • Delphi (Yantai) Gasoline Systems Technologies Co., Ltd. • Delphi Automotive Operations UK Limited • Delphi Automotive Systems Australia Ltd. ...

DLPH stock data

Calendar

5 Aug 20
28 Jun 22
31 Dec 22
Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 550M 550M 550M 550M 550M 550M
Cash burn (monthly) 20.33M (no burn) 20M (no burn) (no burn) (no burn)
Cash used (since last report) 486.92M n/a 478.94M n/a n/a n/a
Cash remaining 63.08M n/a 71.06M n/a n/a n/a
Runway (months of cash) 3.1 n/a 3.6 n/a n/a n/a

Beta Read what these cash burn values mean

0.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 1 1
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Huntington National Bank 1 $0 0.0%
Largest transactions Shares Bought/sold Change
Huntington National Bank 1 0 0.0%

Financial report summary

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Risks
  • Conditions in the automotive industry may adversely affect our business.
  • The lack of commercial success of, or the loss of business with respect to, a vehicle model for which we are a significant supplier could adversely affect our business.
  • The improved quality of vehicle components may adversely affect the demand for our aftermarket products.
  • We may not realize sales represented by awarded business.
  • Our inability to achieve product cost reductions which offset customer price reductions could adversely affect our business.
  • We have invested substantial resources in products and areas where we expect growth and we may be unable to recover our investments or timely redeploy our invested capital should our expectations not be realized.
  • Our business in China is subject to aggressive competition and is sensitive to economic, market and political conditions.
  • Supply shortages of components from our suppliers could adversely affect our business.
  • We operate in the highly competitive automotive supply industry.
  • Increases in costs of the materials and other supplies that we use in our products may adversely affect our business.
  • We may encounter manufacturing challenges.
  • We may not be able to respond quickly enough to changes in regulations, technology and technological risks, and to develop our intellectual property into commercially viable products.
  • Changes in factors that impact the determination of our pension liabilities may adversely affect us.
  • We may suffer future asset impairment and other restructuring charges, including write downs of long-lived assets.
  • Employee strikes and labor-related disruptions involving us or one or more of our customers or suppliers may adversely affect our operations.
  • We may lose or fail to attract and retain key salaried employees and management personnel.
  • We are exposed to foreign currency fluctuations.
  • We face risks associated with doing business globally.
  • If we fail to manage our growth effectively or to integrate successfully any new or future business ventures, acquisitions or strategic alliance into our business, our business could be materially adversely harmed.
  • Security breaches and other disruption to our information technology systems could impact our business.
  • We may incur material losses and costs as a result of warranty claims, product recalls and product liability actions that may be brought against us.
  • We may identify the need for additional environmental remediation or demolition obligations relating to facility divestiture, closure and decommissioning activities.
  • We are involved from time to time in legal proceedings and commercial or contractual disputes, which could have an adverse impact on our business.
  • Developments or assertions by us or against us relating to intellectual property rights could materially impact our business.
  • Taxing authorities could challenge our historical and future tax positions.
  • The Transaction Agreement contains provisions that limit our ability to pursue alternatives to the Transaction and, in specified circumstances, could require us to pay a termination fee to BorgWarner.
  • Because the number of shares of BorgWarner common stock that our shareholders will be entitled to receive as a result of the Transaction will be based on a fixed exchange ratio (except for adjustments in limited circumstances pursuant to the Transaction Agreement), the value of shares of BorgWarner common stock that our shareholders receive could vary based on market price fluctuations of shares of BorgWarner common stock.
  • Our shareholders will have a reduced ownership and voting interest after the Transaction and will exercise less influence over management.
  • If completed, the Transaction may not achieve its intended results.
  • Delphi Technologies and BorgWarner will incur substantial Transaction fees and costs in connection with the Transaction.
Management Discussion
  • In July 2019, the Company’s chief operating decision maker announced changes to the Company’s organization structure. The changes included reorganizing the management reporting structure to better align the Company’s product portfolios and process technology expertise. As a result, as of December 31, 2019, the Company’s former Powertrain Systems segment has been organized into three distinct segments on the basis of similar products and operating factors. Additionally, the Company made the decision to report the results of the operating segments excluding the allocation of certain corporate-related expenses. Therefore, the prior period information disclosed below has been recast to reflect these changes. The changes had no impact on the consolidated financial statements. The Aftermarket segment is unchanged, with the exception of excluding previously allocated corporate-related expenses.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: attorney, Brazilian, comparison, Del, dismissed, Mich, pursue, repaid, settled, voluntarily
Removed: absence, iii, mature, maturity, modified, occurrence, principally

Patents

Utility
Use of Different Pneumatic Cylinder Spring Types In a Variable Displacement Engine for Engine and Aftertreatment System Temperature Control
23 Jun 22
A system and method for a variable displacement internal combustion engine using different types of pneumatic cylinder springs on skipped working cycles to control engine and aftertreatment system temperatures are described.
Utility
Dynamic skip fire transitions for fixed CDA engines
14 Jun 22
A variety of methods and arrangements are described for managing transitions between operational states of an internal combustion engine during skip fire operation of the engine.
Utility
Noise, vibration and harshness reduction in a skip fire engine control system
14 Jun 22
A variety of methods and arrangements for reducing noise, vibration and harshness (NVH) in a skip fire engine control system are described.
Utility
Deceleration cylinder cut-off
7 Jun 22
Controllers and methods for managing transitions into and/or out of a cylinder cut off mode are described.
Utility
Cylinder charge trapping strategies based on predictive number of skips and staggered implementation of valvetrain dependent operational strategies for internal combustion engines
7 Jun 22
A system and method for controlling an internal combustion engine involving (1) cylinder trapping strategies where one of several pneumatic spring types are dynamically selected for cylinders based at least partially on a predicted number of upcoming skips for each of the cylinders respectively and/or (2) staggering various valvetrain dependent operational engine strategies as operating conditions permit as the internal combustion engine warms up following a cold start.