CNH Industrial N.V. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $6,998 million compared to $7,144 million a year ago. Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates was of $162 million compared to 324 million a year ago. Net income attributable to company was $95 million or $0.07 per diluted share compared to $231 million or $0.17 per diluted share a year ago. Adjusted net income attributable to company was $195 million or $0.14 per share compared to $262 million or $0.19 per diluted share a year ago.

For the year, the company reported total revenues of $24,872 million compared to $25,912 million a year ago. Loss before income taxes and equity in income of unconsolidated subsidiaries and affiliates was of $9 million compared to income of $567 million a year ago. Net loss attributable to company was $252 million or $0.18 per diluted share compared to $253 million or $0.19 per diluted share a year ago. Net cash provided by operating activities were of $2,108 million compared to $2,786 million a year ago. Adjusted net income attributable to company was $478 million or $0.35 per share compared to $476 million or $0.35 per diluted share a year ago. Net debt as on December 31, 2016 was $19,420 million compared to $19,963 million a year ago. CapEx was down 23% versus full year 2015, the reduction for the 2016 is primarily coming from lower spending for regulatory related CapEx.

The company provided earnings guidance for the full year of 2017. For the period, the company expects net sales of industrial activities between $23 billion and $24 billion; adjusted diluted EPS(2) between $0.39 and $0.41; and net industrial debt at the end of 2017 between $1.4 billion and $1.6 billion. CapEx spending to increase by 10%.