Delphi Automotive PLC announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, net sales $3,900 million compared to $3,652 million for the same period a year ago. Operating income was $411 million compared to $113 million for the same period a year ago. Income before income taxes and equity income was $344 million compared to $132 million for the same period a year ago. Net income attributable to the company was $290 million compared to $75 million for the same period a year ago. Basic and diluted earnings per share were $0.88 compared to $0.11 for the same period a year ago. Net cash provided by operating activities was $468 million compared to $287 million for the same period a year ago. Capital expenditures were $176 million compared to $219 million for the same period a year ago. EBITDA was $530 million compared to $223 million for the same period a year ago. The increase in revenue primarily reflects strong growth in Europe and Asia driven by customer and product mix, as well as the benefits of higher global vehicle production compared to the prior year period. For the full year, net sales $16,041 million compared to $13,817 million for the same period a year ago. Operating income was $1,644 million compared to $940 million for the same period a year ago. Income before income taxes and equity income was $1,506 million compared to $944 million for the same period a year ago. Net income attributable to the company was $1,145 million compared to $631 million for the same period a year ago. Basic and diluted earnings per share were $2.72 compared to $0.92 for the same period a year ago. Net cash provided by operating activities was $1,377 million compared to $1,142 million for the same period a year ago. Capital expenditures were $630 million compared to $500 million for the same period a year ago. EBITDA was $2,119 million compared to $1,361 million for the same period a year ago. The increase in revenue includes solid revenue growth across all regions, driven by customer mix and strong demand for powertrain and electronic architecture products, increased global vehicle production, and favorable foreign currency exchange. The company provided earnings guidance for the first quarter and full year of fiscal 2012. For the first quarter of fiscal 2012, the company expects revenue to range between $4,000 million to $4,100 million; earnings per share to range between $0.83 to $0.96; EBITDA to range between $525 million to $575 million; and EBITDA margin to range between 13.1% to 14.0%. For the full year of fiscal 2012, the company expects revenue to range between $16,200 million to $16,500 million; earnings per share to range between $3.44 to $3.69; EBITDA to range between $2,150 million to $2,250 million; and EBITDA margin to range between 13.3% to 13.6%. Full year cash flow before financing is expected to be approximately $1.0 billion, which includes $750 million of estimated capital expenditures. The company estimates a full year tax rate of approximately 19%. Quarterly tax rates can be affected by the geographic mix of pretax earnings as well as the timing of discrete tax items.