$LEA

LEAR CORP /DE/

CIK:0000842162|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025	Jul. 04, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net sales	$ 6,209.4	$ 6,030.4	$ 12,032.2	$ 11,590.7
Cost of sales	5,739.1	5,591.3	11,111.6	10,792.4
Selling, general and administrative expenses	197.5	186.3	387.8	358.7
Amortization of intangible assets	4.9	4.7	9.9	9.9
Interest expense, net	24.2	25.4	49.8	51.2
Other expense, net	2.8	5.2	15.5	25.6
Consolidated income before provision for income taxes and equity in net income of affiliates	240.9	217.5	457.6	352.9
Provision for income taxes	48.5	41.6	86.9	86.8
Equity in net income of affiliates	(19.3)	(16.0)	(33.7)	(28.3)
Consolidated net income	211.7	191.9	404.4	294.4
Less: Net income attributable to noncontrolling interests	18.9	26.7	39.3	48.5
Net income attributable to Lear	$ 192.8	$ 165.2	$ 365.1	$ 245.9
Basic net income per share attributable to Lear (in dollars per share)	$ 3.83	$ 3.07	$ 7.20	$ 4.57
Diluted net income per share attributable to Lear (in dollars per share)	3.79	3.06	7.13	4.54
Cash dividends declared per share (in dollars per share)	$ 0.77	$ 0.77	$ 1.54	$ 1.54
Average common shares outstanding (in shares)	50,302,285	53,764,586	50,678,872	53,839,060
Average diluted shares outstanding (in shares)	50,822,013	54,056,107	51,190,661	54,140,315
Consolidated comprehensive income (Condensed Consolidated Statements of Equity)	$ 241.5	$ 503.4	$ 431.0	$ 790.6
Less: Comprehensive income attributable to noncontrolling interests	21.2	28.1	44.0	50.6
Comprehensive income attributable to Lear	$ 220.3	$ 475.3	$ 387.0	$ 740.0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025
Cash Flows from Operating Activities:
Consolidated net income	$ 404.4	$ 294.4
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	300.5	295.9
Net change in recoverable customer engineering, development and tooling	(27.5)	(35.8)
Net change in working capital items (see below)	(74.3)	(445.9)
Other, net	(44.5)	59.9
Net cash provided by operating activities	558.6	168.5
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(297.3)	(229.4)
Other, net	16.2	39.6
Net cash used in investing activities	(281.1)	(189.8)
Cash Flows from Financing Activities:
Repurchases of common stock	(175.0)	(47.5)
Dividends paid to Lear Corporation shareholders	(81.2)	(84.5)
Dividends paid to noncontrolling interests	(39.8)	(44.6)
Other, net	(24.0)	17.2
Net cash used in financing activities	(320.0)	(159.4)
Effect of foreign currency translation	11.3	18.6
Net Change in Cash, Cash Equivalents and Restricted Cash	(31.2)	(162.1)
Cash, Cash Equivalents and Restricted Cash as of Beginning of Period	1,035.3	1,055.4
Cash, Cash Equivalents and Restricted Cash as of End of Period	1,004.1	893.3
Changes in Working Capital Items:
Accounts receivable	(326.9)	(731.0)
Inventories	(40.7)	4.5
Accounts payable	516.2	325.1
Accrued liabilities and other	(222.9)	(44.5)
Net change in working capital items	(74.3)	(445.9)
Supplementary Disclosure:
Cash paid for interest	55.4	58.5
Cash paid for income taxes, net of refunds received	$ 137.6	$ 151.9