Delphi Automotive PLC has reported fourth quarter 2015 U.S. GAAP earnings from continuing operations of 70 cents per diluted share. Excluding special items, fourth quarter earnings from continuing operations totaled $1.39 per diluted share.

“Delphi’s global team delivered strong financial and operational results in 2015,” said Kevin Clark, Delphi president and CEO. “Despite the impacts of a challenging global marketplace, we grew organic revenue 6 percent, expanded operating margins 60 basis points and generated $1.7 billion of cash flow from operations. We also had a record of more than $26 billion in new business bookings. Delphi is well-positioned heading into 2016 and will continue to deliver on both our customer and shareholder commitments.”

Fourth Quarter 2015 Results

The company reported fourth quarter 2015 revenue of $3.9 billion, an increase of 3 percent from the prior year period, reflecting volume growth, partially offset by unfavorable currency impacts. Adjusted for currency exchange, commodity movements, the acquisition of HellermannTyton Group PLC and the divestiture of the company’s reception systems business, revenue increased by 11 percent in the fourth quarter. This reflects growth of 18 percent in Asia, 13 percent in Europe and 7 percent in North America, partially offset by a decline of 26 percent in South America.

Full Year 2015 Results

For full year 2015, the company reported revenue of $15.2 billion, a decline of 2 percent from the prior year period, reflecting unfavorable currency impacts, which offset continued volume growth. Adjusted for currency exchange, commodity movements, the acquisition of HellermannTyton Group PLC and the divestiture of the company’s reception systems business, revenue increased by 6 percent during the year. This reflects growth of 12 percent in Asia, 7 percent in North America and 6 percent in Europe, partially offset by a decline of 19 percent in South America.

The company generated net cash flow from continuing operating activities of $1,667 million in 2015, compared to $2,045 million in the prior year period. Cash flow before financing totaled $961 million, compared to $1,278 million in the prior year period. As of Dec. 31, 2015, the company had cash and cash equivalents of $0.5 billion and total debt of $4 billion.