Non-GAAP Adjusted After-tax Net Income, which is generally used by the investment community to value common stocks, was used when this amount was disclosed in the company's earnings release, and it excludes Special, Unusual Items which are significant in amount relative to Reported GAAP Net Income.
The Total Non-GAAP Adjusted After-tax Net Income of these 5 US Motor Vehicle and Parts Corps was $15.0 bil in annual 2012, down 3% from 2011.
On an Earnings Per Share basis, the total growth was precisely flat, due mainly to Delphi's EPS growing by a very robust 38%, substantially better than its 6% earnings growth. This was due to Delphi's large common stock buybacks.
Chrysler did extremely well in 2012, with its earnings more than doubling. On the other hand, both Ford and GM had earnings declines in 2012, due mainly to poor European operating results.
Below here is the Non-GAAP Adjusted After-tax Net Income for both annual 2012 and 2011 for each of these 5 US Big Motor Vehicle and Parts Corps:
|mils of $s||mils of $s||mils of $s|
|Motor Vehicle and Parts|
|Total all 5 Motor Vehicle and Parts||15,006||15,488||(482)||-3.1%||3.2%|