By now, you've read and/or heard that 2010 was a pretty good first, full calendar year for Chrysler Group LLC.

 

"All of these vehicles (the 16 new or refreshed ones we launched) bear testimony to Chrysler’s rebirth. Given the positive comments we have received to date, it can safely be said that what Chrysler delivered last year, on both the product and financial fronts, surpassed many expectations.

 

"However, our job is not yet done. We have a lot of work ahead to fulfill our five-year business plan objectives,"said Chrysler Group CEO Sergio Marchionne.

 

Below are the basic financials for 2010.

Chrysler Group LLC ($Mills): 2010

Net Revenues

41,946

Modified EBITDA*

3,461

Modified Operating Profit

763

Net Loss

(652)

Cash

7,347

*Includes $1,228 million in net interest expense

 

Per the footnote in the above table, the interest on the government loans is a significant part -- without it, Chrysler Group would've had a net profit. Though, without the loans, we may not be around. If you recall, Marchionne quipped during NAIAS that his 2011 "Christmas gift" includes paying them off. (About the 1:10 part.)

 

In looking forward, Chrysler Group provided promising targets for 2011:

Chrysler Group LLC: 2011 Targets**
Net Revenues
> $55 billion
Modified Operating Profit
> $2 billion
Modified EBITDA
> $4.8 billion
Net Income
$0.2-0.5 billion
Positive Free Cash Flow
> $1 billion

** As of 1/31/2011

 

And, yes, as it was leaked out and confirmed by Marchionne, Chrysler Group will be sending out performance payments.

 

"The way in which this house has responded to the challenge of introducing 16 cars in 12 months is something I've never seen, and hopefully will never see again....It would have been improper on our part not to recognize what went on here in 2010," Marchionne said during the Q&A session of Monday's Webcast conference call.

 

For the nitty gritty on Chrysler Group's fourth quarter and full-year 2010 financial results, see the news release and click on through to the Webcast.

 

For others' take on how we did in 2010, browse through the stories here.