BorgWarner Inc.

Unknown Unknown Last filing Feb 6, 2025 · FY2024

                    Revenue
                    FY2024
                
$14.1B
                    
                    -0.8%
                    
                    Net income
                    FY2024
                
$338.0M
                    
                    -45.9%
                    
                    Total assets
                    FY2024
                
$14.0B
                    
                    -3.2%
                    
                    Operating cash flow
                    FY2024
                
$338.0M
                    
                    -45.9%

Balance Sheet

Assets, liabilities, and equity

38 accounts · 5 years

Total assets $14.0B

Total liabilities $14.0B

Shareholders equity $5.5B

Account	2024	2023	2022	2021	2020
Period
Period end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	$2.1B	$1.5B	$1.3B	$1.8B	$1.6B
Accounts Receivable(net)	$2.8B	$3.1B	$2.5B	$2.9B	$2.9B
Inventory(net)	$1.3B	$1.3B	$1.2B	$1.5B	$1.3B
Contract Assets	$15.0M	$18.0M	$14.0M	$17.0M	$16.0M
Other Current Assets	$72.0M	$57.0M	$50.0M	$74.0M	$72.0M
Total Current Assets	$6.5B	$6.2B	$6.6B	$6.6B	$6.2B
Property,Plant&Equipment(net)	$3.6B	$3.8B	$3.4B	$4.4B	$4.6B
Operating Lease Right of Use Asset(lessee)	$177.0M	$143.0M	$106.0M	$185.0M	$211.0M
Finance Lease Right of Use Asset(lessee)	$20.0M	$25.0M	$8.0M	$11.0M	$12.0M
Equity Method Investments	$70.0M	$71.0M	$73.0M	$130.0M	$472.0M
Goodwill	$2.4B	$3.0B	$3.0B	$2.9B	$2.6B
Other Intangible Assets(net)	$471.0M	$558.0M	$613.0M	$912.0M	$930.0M
Deferred Tax Assets	$359.0M	$257.0M	$179.0M	$254.0M	$291.0M
Other Noncurrent Assets	$710.0M	$512.0M	$489.0M	$683.0M	$728.0M
Total Noncurrent Assets	$3.6B	$3.8B	$3.4B	$3.4B	$4.6B
Total Assets	$14.0B	$14.5B	$17.0B	$16.6B	$16.0B
Liabilities
Accounts Payable	$2.0B	$2.5B	$2.7B	$2.3B	$2.4B
Accrued Liabilities	$1.5B	$1.4B	$1.3B	$1.8B	$1.8B
Contract Liabilities	$13.0M	$18.0M	$14.0M	$21.0M	$22.0M
Short Term Debt&Current Portion of Ltd	$398.0M	$73.0M	$60.0M	$66.0M	$49.0M
Total Current Liabilities	$3.6B	$3.8B	$4.2B	$3.8B	$3.8B
Long Term Debt(noncurrent)	$3.8B	$3.7B	$4.1B	$4.3B	$3.7B
Operating Lease Liabilities(noncurrent Lessee)	$144.0M	$112.0M	$85.0M	$152.0M	$172.0M
Finance Lease Liabilities(noncurrent Lessee)	$20.0M	$23.0M	$9.0M	$11.0M	$12.0M
Pension&Other Postretirement Liabilities	$137.0M	$146.0M	$129.0M	$290.0M	$576.0M
Product Warranty Liability(noncurrent)	$127.0M	$105.0M	$75.0M	$108.0M	$89.0M
Deferred Tax Liabilities	$167.0M	$160.0M	$143.0M	$206.0M	$276.0M
Unrecognized Tax Benefits(noncurrent)	$95.0M	$161.0M	$172.0M	$181.0M	$198.0M
Other Noncurrent Liabilities	$741.0M	$767.0M	$686.0M	$964.0M	$1.2B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$892.2M	$3.0M	$3.0M	$3.0M	$3.0M
Additional Paid In Capital	$2.7B	$2.7B	$2.7B	$2.6B	$2.6B
Retained Earnings/Accumulated Deficit	$6.4B	$6.2B	$7.5B	$6.7B	$6.3B
Accumulated Other Comprehensive Income(loss)	$-1.0B	$-828.0M	$-876.0M	$-551.0M	$-651.0M
Noncontrolling Interest(equity Section)	$174.0M	$238.0M	$284.0M	$314.0M	$296.0M
Total Stockholders' Equity	$5.5B	$5.8B	$7.2B	$6.9B	$6.4B
Total Liabilities and Stockholders' Equity	$14.0B	$14.5B	$17.0B	$16.6B	$16.0B

Income Statement

Revenue, expense, and profitability

25 accounts · 5 years

Revenue $14.1B

Operating income $-32.0M

Net income $338.0M

Account	2024	2023	2022	2021	2020
Period
Period end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
IncomeStatement
Revenues net Sales/Revenue	$14.1B	$14.2B	$12.6B	$11.8B	$10.2B
Costs and Expenses Cost of Goods Sold	$11.4B	$11.6B	$10.3B	$9.6B	$8.3B
Costs and Expenses Gross Profit	$2.6B	$2.6B	$2.4B	$2.2B	$1.9B
Costs and Expenses Selling,General and Administrative Expense(sg&a)	$1.4B	$1.3B	$1.3B	$1.1B	$951.0M
Costs and Expenses Research&Development Expense	$736.0M	$717.0M	$701.0M	$586.0M	$476.0M
Costs and Expenses Amortization of Intangible Assets	$69.0M	$67.0M	$69.0M	$59.0M	$89.0M
Costs and Expenses Restructuring Costs	$74.0M	$79.0M	$48.0M	$108.0M	$203.0M
Costs and Expenses Impairment Charges	$646.0M	$29.0M	$30.0M	$0	$17.0M
Costs and Expenses Other Operating Income/expense	$-32.0M	$16.0M	$8.0M	$-66.0M	$-138.0M
Operating Income Operating Income(loss)	$546.0M	$1.2B	$1.0B	$914.0M	$618.0M
Non Operating Income Expense Interest Expense	$84.0M	$73.0M	$52.0M	$93.0M	$61.0M
Non Operating Income Expense Interest Income	$54.0M	$35.0M	$20.0M	$11.0M	$12.0M
Non Operating Income Expense Interest Income/expense(net)	$-20.0M	$-10.0M	$-51.0M	$-91.0M	$-61.0M
Non Operating Income Expense Income(loss)From Equity Method Investments	$27.0M	$30.0M	$28.0M	$42.0M	$18.0M
Non Operating Income Expense Other Non Operating Income(expense)	$10.0M	$28.0M	$0	$-20.0M	$0
Income Before Tax Income Before Income Taxes	$539.0M	$991.0M	$913.0M	$510.0M	$964.0M
Income Tax Income Tax Expense(benefit)	$111.0M	$289.0M	$195.0M	$65.0M	$397.0M
net Income net Income(loss)	$338.0M	$625.0M	$944.0M	$537.0M	$500.0M
Earnings Per Share Basic Eps(net Income)	$2	$3	$4	$2	$2
Earnings Per Share Diluted Eps(net Income)	$2	$3	$4	$2	$2
Earnings Per Share Weighted Average Shares Basic	$223.5M	$232.8M	$235.5M	$238.1M	$213.0M
Earnings Per Share Weighted Average Shares Diluted	$224.8M	$234.4M	$236.8M	$239.5M	$214.0M
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	$-192.0M	$48.0M	$-325.0M	$100.0M	$76.0M
Comprehensive Income Comprehensive Income(loss),Net of Tax	$146.0M	$673.0M	$619.0M	$637.0M	$576.0M

Cash Flow Statement

Operating, investing, and financing flows

26 accounts · 5 years

Operating cash flow $338.0M

Investing cash flow $671.0M

Financing cash flow $1.0B

Account	2024	2023	2022	2021	2020
Period
Period end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
CashFlow
Operating Activities net Income	$338.0M	$625.0M	$944.0M	$537.0M	$500.0M
Operating Activities Depreciation and Amortization	$673.0M	$582.0M	$552.0M	$574.0M	$568.0M
Operating Activities Share Based Compensation	$62.0M	$58.0M	$64.0M	$50.0M	$41.0M
Operating Activities Deferred Income Tax Expense(benefit)	$-156.0M	$-60.0M	$-94.0M	$-187.0M	$124.0M
Operating Activities Income(loss)From Equity Method Investments(less Dividends)	$27.0M	$30.0M	$28.0M	$42.0M	$18.0M
Operating Activities Provision For Doubtful Accounts	$10.0M	$4.0M	$2.0M	$0	$11.0M
Operating Activities Impairment Charges	$646.0M	$29.0M	$30.0M	$0	$17.0M
Operating Activities Pension&Opeb Expense(non Cash Portion)	$72.0M	$71.0M	$48.0M	$38.0M	$52.0M
Operating Activities Gain(loss)On Sale of Assets/Investments/Debt Extinguishment	$-6.0M	$5.0M	$13.0M	$-29.0M	$0
Operating Activities Increase/decrease In Inventories	$-31.0M	$72.0M	$158.0M	$179.0M	$28.0M
Operating Activities Increase/decrease In Contract Assets	$18.0M	$3.0M	$-17.0M	$-14.0M	$-23.0M
Operating Activities Increase/decrease In Accounts Payable&Accrued Liabilities	$-292.0M	$375.0M	$433.0M	$-61.0M	$186.0M
Operating Activities Increase/decrease In Other Operating Assets/liabilities	$32.0M	$-109.0M	$60.0M	$-107.0M	$-76.0M
Investing Activities Capital Expenditures	$671.0M	$832.0M	$622.0M	$514.0M	$441.0M
Investing Activities Acquisitions/Divestitures	$0	$109.0M	$312.0M	$759.0M	$449.0M
Investing Activities Proceeds From Sale of Pp&e	$4.0M	$30.0M	$20.0M	$8.0M	$16.0M
Financing Activities Proceeds From Debt	$1.0B	$18.0M	$5.0M	$1.3B	$1.2B
Financing Activities Repayment of Debt	$525.0M	$451.0M	$13.0M	$699.0M	$331.0M
Financing Activities Repurchase of Stock	$402.0M	$177.0M	$240.0M	$0	$216.0M
Financing Activities Dividends Paid	$98.0M	$130.0M	$161.0M	$162.0M	$146.0M
Financing Activities Payments Related To Tax Withholding For Share Based Comp	$23.0M	$25.0M	$18.0M	$15.0M	—
Cash Reconciliation net Change In Cash	$560.0M	$196.0M	$-506.0M	$194.0M	$818.0M
Supplemental Disclosures Income Taxes Paid	$406.0M	$362.0M	$268.0M	$290.0M	$205.0M
Supplemental Disclosures Interest Paid	$121.0M	$126.0M	$131.0M	$127.0M	$97.0M
Supplemental Disclosures Non Cash Investing&Financing Activities	$66.0M	$63.0M	$14.0M	$27.0M	$152.0M

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Assets, liabilities, and equity

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