Print Page  |  Close Window

Sensata Technologies Holding N.V.'s SEC Filings

S-1/A
SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
Entire Document
 


Table of Contents

SELECTED CONSOLIDATED AND COMBINED HISTORICAL FINANCIAL DATA

 

We have derived the selected consolidated statement of operations and other financial data for the years ended December 31, 2007, 2008 and 2009 and the selected consolidated balance sheet data as of December 31, 2008 and 2009 from the audited consolidated financial statements included elsewhere in this prospectus. We have derived the selected consolidated and combined statement of operations and other financial data for the year ended December 31, 2005 and the periods from January 1, 2006 to April 26, 2006 and April 27, 2006 (inception) to December 31, 2006 and the consolidated and combined balance sheet data as of December 31, 2005, 2006 and 2007 from the audited consolidated and combined financial statements not included in this prospectus.

 

You should read the following information in conjunction with the section of this prospectus entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and accompanying notes thereto included elsewhere in this prospectus. Our historical results are not necessarily indicative of the results to be expected in any future period.

 

    Predecessor (combined)          Sensata Technologies Holding N.V.
(consolidated)
 
          For the period          For the period     For the year ended December 31,  
    For the
year ended
December 31,
    January 1 to
April 26,
         April 27
(inception) to
December 31,
       
(Amounts in thousands, except per share data)   2005     2006       2006     2007     2008     2009  

Statement of Operations Data:

               

Net revenue

  $ 1,060,671      $ 375,600          $ 798,507      $ 1,403,254      $ 1,422,655      $ 1,134,944   

Operating costs and expenses:

               

Cost of revenue

    681,983        253,028            536,485        944,765        951,763        742,080   

Research and development

    31,252        8,635            19,742        33,891        38,256        16,796   

Selling, general and administrative

    96,146        38,674            94,755        166,065        166,625        126,952   

Amortization of intangible assets and capitalized software

    2,458        1,078            82,740        131,064        148,762        153,081   

Impairment of goodwill and intangible assets

                                    13,173        19,867   

Restructuring

    22,996        2,456                   5,166        24,124        18,086   
                                                   

Total operating costs and expenses

    834,835        303,871            733,722        1,280,951        1,342,703        1,076,862   
                                                   

Profit from operations

    225,836        71,729            64,785        122,303        79,952        58,082   

Interest expense

    (105     (511         (165,160     (191,161     (197,840     (150,589

Interest income

                      1,567        2,574        1,503        573   

Currency translation gain/(loss) and other, net(1)

           115            (63,633     (105,449     55,467        107,695   
                                                   

Income/(loss) from continuing operations before income taxes

    225,731        71,333            (162,441     (171,733     (60,918     15,761   

Provision for income taxes

    81,390        25,796            48,560        62,504        53,531        43,047   
                                                   

Income/(loss) from continuing operations

    144,341        45,537            (211,001     (234,237     (114,449     (27,286

Loss from discontinued operations

    (924     (167         (1,309     (18,260     (20,082     (395
                                                   

Net income/(loss)(2)

  $ 143,417      $ 45,370          $ (212,310   $ (252,497   $ (134,531   $ (27,681
                                                   

Net income/(loss) per share(3):

               

Loss from continuing operations per share—basic and diluted

    NA        NA          $ (2.73   $ (1.62   $ (0.79   $ (0.19

Loss from discontinued operations per share—basic and diluted

    NA        NA            (0.02     (0.13     (0.14       
                                       

Net loss per share—basic and diluted

    NA        NA          $ (2.75   $ (1.75   $ (0.93   $ (0.19
                                       

Weighted–average ordinary shares outstanding

    NA        NA            77,276        144,054        144,066        144,057   

 

39