BorgWarner Inc.

Unknown Unknown Last filing Feb 6, 2025 · FY2024

                    Revenue
                    FY2024
                
$14.1B
                    3y CAGR +6.1%
                    
                    P57
                    
                    -0.8%
                    
                    Net income
                    FY2024
                
$338.0M
                    Net margin +2.4%
                    
                    P38
                    
                    -45.9%
                    
                    Total assets
                    FY2024
                
$14.0B
                    ROA +2.4%
                    
                    P46
                    
                    -3.2%
                    
                    Operating cash flow
                    FY2022
                
$1.6B
                    
                    +20.1%

18 yrs · FY2007–FY2024 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

37 accounts · 5 years

Total assets $14.0B

Total liabilities ~$8.5B

Shareholders equity $5.5B

Account	2024	2023	2022	2021	2020
Assets
Cash and Cash Equivalents	14.9%	10.8%	10.6%	15.6%	16.2%
Accounts Receivable(net)	20.2%	21.9%	19.6%	24.6%	28.7%
Inventory(net)	8.9%	9.2%	9.6%	13.0%	12.7%
Contract Assets	0.1%	0.1%	0.1%	0.1%	0.2%
Other Current Assets	0.5%	0.4%	0.4%	0.6%	0.7%
Total Current Assets	46.3%	43.8%	52.4%	55.9%	60.7%
Property,Plant&Equipment(net)	25.4%	26.6%	27.1%	37.2%	45.2%
Operating Lease Right of Use Asset(lessee)	1.3%	1.0%	0.8%	1.6%	2.1%
Finance Lease Right of Use Asset(lessee)	0.1%	0.2%	0.1%	0.1%	0.1%
Equity Method Investments	0.5%	0.5%	0.6%	1.1%	4.6%
Goodwill	16.7%	21.2%	23.6%	24.2%	25.8%
Other Intangible Assets(net)	3.3%	3.9%	4.9%	7.7%	9.1%
Deferred Tax Assets	2.5%	1.8%	1.4%	2.2%	2.9%
Other Noncurrent Assets	5.0%	3.6%	3.9%	5.8%	7.2%
Total Noncurrent Assets	25.4%	26.6%	27.1%	28.7%	45.2%
Total Assets	99.3%	101.8%	134.5%	140.4%	157.7%
Liabilities
Accounts Payable	14.4%	17.9%	21.2%	19.3%	23.1%
Accrued Liabilities	10.5%	10.1%	10.6%	15.2%	17.6%
Contract Liabilities	0.1%	0.1%	0.1%	0.2%	0.2%
Short Term Debt&Current Portion of Ltd	2.8%	0.5%	0.5%	0.6%	0.5%
Total Current Liabilities	25.9%	26.5%	33.5%	32.2%	37.5%
Long Term Debt(noncurrent)	26.7%	26.1%	32.8%	36.1%	36.8%
Operating Lease Liabilities(noncurrent Lessee)	1.0%	0.8%	0.7%	1.3%	1.7%
Finance Lease Liabilities(noncurrent Lessee)	0.1%	0.2%	0.1%	0.1%	0.1%
Pension&Other Postretirement Liabilities	1.0%	1.0%	1.0%	2.5%	5.7%
Product Warranty Liability(noncurrent)	0.9%	0.7%	0.6%	0.9%	0.9%
Deferred Tax Liabilities	1.2%	1.1%	1.1%	1.7%	2.7%
Unrecognized Tax Benefits(noncurrent)	0.7%	1.1%	1.4%	1.5%	1.9%
Other Noncurrent Liabilities	5.3%	5.4%	5.4%	8.2%	11.6%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	6.3%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	19.0%	18.9%	21.2%	22.3%	25.7%
Retained Earnings/Accumulated Deficit	45.5%	43.3%	59.0%	56.5%	61.9%
Accumulated Other Comprehensive Income(loss)	-7.2%	-5.8%	-6.9%	-4.7%	-6.4%
Noncontrolling Interest(equity Section)	1.2%	1.7%	2.2%	2.7%	2.9%
Total Stockholders' Equity	39.3%	41.0%	57.2%	58.9%	63.2%
Total Liabilities and Stockholders' Equity	99.3%	101.8%	134.5%	140.4%	157.7%

Income Statement

Revenue, expense, and profitability

24 accounts · 5 years

Revenue $14.1B

Operating income $546.0M

Net income $338.0M

Account	2024	2023	2022	2021	2020
IncomeStatement
Revenues net Sales/Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Costs and Expenses Cost of Goods Sold	81.2%	81.9%	81.3%	81.6%	81.2%
Costs and Expenses Gross Profit	18.8%	18.1%	18.7%	18.4%	18.8%
Costs and Expenses Selling,General and Administrative Expense(sg&a)	9.6%	9.3%	10.2%	9.2%	9.4%
Costs and Expenses Research&Development Expense	5.2%	5.1%	5.5%	5.0%	4.7%
Costs and Expenses Amortization of Intangible Assets	0.5%	0.5%	0.5%	0.5%	0.9%
Costs and Expenses Restructuring Costs	0.5%	0.6%	0.4%	0.9%	2.0%
Costs and Expenses Impairment Charges	4.6%	0.2%	0.2%	0.0%	0.2%
Costs and Expenses Other Operating Income/expense	-0.2%	0.1%	0.1%	-0.6%	-1.4%
Operating Income Operating Income(loss)	3.9%	8.2%	8.0%	7.7%	6.1%
Non Operating Income Expense Interest Expense	0.6%	0.5%	0.4%	0.8%	0.6%
Non Operating Income Expense Interest Income	0.4%	0.2%	0.2%	0.1%	0.1%
Non Operating Income Expense Interest Income/expense(net)	-0.1%	-0.1%	-0.4%	-0.8%	-0.6%
Non Operating Income Expense Income(loss)From Equity Method Investments	0.2%	0.2%	0.2%	0.4%	0.2%
Non Operating Income Expense Other Non Operating Income(expense)	0.1%	0.2%	0.0%	-0.2%	0.0%
Income Before Tax Income Before Income Taxes	3.8%	7.0%	7.2%	4.3%	9.5%
Income Tax Income Tax Expense(benefit)	0.8%	2.0%	1.5%	0.6%	3.9%
net Income net Income(loss)	2.4%	4.4%	7.5%	4.5%	4.9%
Earnings Per Share Basic Eps(net Income)	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps(net Income)	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.6%	1.6%	1.9%	2.0%	2.1%
Earnings Per Share Weighted Average Shares Diluted	1.6%	1.7%	1.9%	2.0%	2.1%
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-1.4%	0.3%	-2.6%	0.8%	0.7%
Comprehensive Income Comprehensive Income(loss),Net of Tax	1.0%	4.7%	4.9%	5.4%	5.7%

Cash Flow Statement

Operating, investing, and financing flows

25 accounts · 5 years

Operating cash flow $1.6B

Investing cash flow $-1.4B

Financing cash flow $-567.0M

Account	2024	2023	2022	2021	2020
CashFlow
Operating Activities net Income	2.4%	4.4%	7.5%	4.5%	4.9%
Operating Activities Depreciation and Amortization	4.8%	4.1%	4.4%	4.9%	5.6%
Operating Activities Share Based Compensation	0.4%	0.4%	0.5%	0.4%	0.4%
Operating Activities Deferred Income Tax Expense(benefit)	-1.1%	-0.4%	-0.7%	-1.6%	1.2%
Operating Activities Income(loss)From Equity Method Investments(less Dividends)	0.2%	0.2%	0.2%	0.4%	0.2%
Operating Activities Provision For Doubtful Accounts	0.1%	0.0%	0.0%	0.0%	0.1%
Operating Activities Impairment Charges	4.6%	0.2%	0.2%	0.0%	0.2%
Operating Activities Pension&Opeb Expense(non Cash Portion)	0.5%	0.5%	0.4%	0.3%	0.5%
Operating Activities Gain(loss)On Sale of Assets/Investments/Debt Extinguishment	-0.0%	0.0%	0.1%	-0.2%	0.0%
Operating Activities Increase/decrease In Inventories	-0.2%	0.5%	1.3%	1.5%	0.3%
Operating Activities Increase/decrease In Contract Assets	0.1%	0.0%	-0.1%	-0.1%	-0.2%
Operating Activities Increase/decrease In Accounts Payable&Accrued Liabilities	-2.1%	2.6%	3.4%	-0.5%	1.8%
Operating Activities Increase/decrease In Other Operating Assets/liabilities	0.2%	-0.8%	0.5%	-0.9%	-0.7%
Investing Activities Capital Expenditures	4.8%	5.9%	4.9%	4.4%	4.3%
Investing Activities Acquisitions/Divestitures	0.0%	0.8%	2.5%	6.4%	4.4%
Investing Activities Proceeds From Sale of Pp&e	0.0%	0.2%	0.2%	0.1%	0.2%
Financing Activities Proceeds From Debt	7.2%	0.1%	0.0%	10.9%	11.6%
Financing Activities Repayment of Debt	3.7%	3.2%	0.1%	5.9%	3.3%
Financing Activities Repurchase of Stock	2.9%	1.2%	1.9%	0.0%	2.1%
Financing Activities Dividends Paid	0.7%	0.9%	1.3%	1.4%	1.4%
Financing Activities Payments Related To Tax Withholding For Share Based Comp	0.2%	0.2%	0.1%	0.1%	—
Cash Reconciliation net Change In Cash	4.0%	1.4%	-4.0%	1.6%	8.0%
Supplemental Disclosures Income Taxes Paid	2.9%	2.5%	2.1%	2.5%	2.0%
Supplemental Disclosures Interest Paid	0.9%	0.9%	1.0%	1.1%	1.0%
Supplemental Disclosures Non Cash Investing&Financing Activities	0.5%	0.4%	0.1%	0.2%	1.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2024	2023	2022	2021	2020
Profitability
Gross margin	+18.8%	+18.1%	+18.7%	+18.4%	+18.8%
Operating margin	+3.9%	+8.2%	+8.0%	+7.7%	+6.1%
Net margin	+2.4%	+4.4%	+7.5%	+4.5%	+4.9%
FCF margin	—	—	+7.5%	+6.7%	+7.3%
Growth
Revenue CAGR (3y)	+6.1%	+11.8%	+7.5%	+3.9%	+1.2%
Returns
ROE	+6.1%	+10.7%	+13.1%	+7.7%	+7.8%
ROA	+2.4%	+4.3%	+5.6%	+3.2%	+3.1%
ROIC	+5.7%	+10.2%	+7.9%	+8.5%	+4.2%
Liquidity
Current ratio	1.79x	1.65x	1.56x	1.74x	1.62x
Quick ratio	—	—	—	—	—
Leverage
D/E	1.53x	1.48x	1.35x	1.39x	1.49x
Interest coverage	6.50x	15.89x	19.40x	9.83x	10.13x
Efficiency
Asset turnover	1.01x	0.98x	0.74x	0.71x	0.63x
Cash conversion cycle	—	—	—	—	—

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BorgWarner Inc.

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