Short answer
Lear Corp (LEA) filed its fiscal 2015 10-K annual report with the SEC on Feb 9, 2016.
- Top risk flagged: Automotive production cycles: dependence on major customers and significant-supplier vehicle models exposes sales to demand downturns
Lear Corp FY2015 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Section 'business' was empty or not found.
Management Discussion & Analysis
- Revenue $18.211B, up $484.1M YoY from $17.727B
- Net income attributable to Lear $745.5M vs $672.4M, net margin 4.1% vs 3.8%
- Operating cash flow $1.271B, capex $485.8M vs $424.7M
- Share repurchases $2.4B cumulatively, $512.6M authorization remaining
- Dividends $1.00 per share vs $0.80, quarterly dividend $0.25 vs $0.20
Risk Factors
- Automotive production cycles: dependence on major customers and significant-supplier vehicle models exposes sales to demand downturns
- Supply-chain disruption: sole-source Tier 2 suppliers and customer-directed components create difficult, costly resourcing
- Labor disruption: agreements covering 88% of unionized workers expire during 2016
- International exposure: substantial operations in Mexico, Asia, Europe, Africa, and the Americas increase currency and political risk
- Competitive technology: rapid obsolescence and rivals’ market-share efforts threaten pricing, margins, and access to leading technologies
Generated from the filing text; verify against the original. How to read a 10-K
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