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

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	$2.1B 36.5%	$1.5B 14.6%	$1.3B -27.4%	$1.8B 11.8%	$1.6B
Accounts Receivable(net)	$2.8B -8.6%	$3.1B 25.8%	$2.5B -14.7%	$2.9B -0.7%	$2.9B
Inventory(net)	$1.3B -4.7%	$1.3B 7.9%	$1.2B -20.7%	$1.5B 19.3%	$1.3B
Contract Assets	$15.0M -16.7%	$18.0M 28.6%	$14.0M -17.6%	$17.0M 6.3%	$16.0M
Other Current Assets	$72.0M 26.3%	$57.0M 14.0%	$50.0M -32.4%	$74.0M 2.8%	$72.0M
Total Current Assets	$6.5B 4.9%	$6.2B -6.0%	$6.6B 0.3%	$6.6B 7.0%	$6.2B
Property,Plant&Equipment(net)	$3.6B -5.5%	$3.8B 10.4%	$3.4B -22.0%	$4.4B -4.3%	$4.6B
Operating Lease Right of Use Asset(lessee)	$177.0M 23.8%	$143.0M 34.9%	$106.0M -42.7%	$185.0M -12.3%	$211.0M
Finance Lease Right of Use Asset(lessee)	$20.0M -20.0%	$25.0M 212.5%	$8.0M -27.3%	$11.0M -8.3%	$12.0M
Equity Method Investments	$70.0M -1.4%	$71.0M -2.7%	$73.0M -43.8%	$130.0M -72.5%	$472.0M
Goodwill	$2.4B -21.8%	$3.0B 1.2%	$3.0B 4.3%	$2.9B 8.6%	$2.6B
Other Intangible Assets(net)	$471.0M -15.6%	$558.0M -9.0%	$613.0M -32.8%	$912.0M -1.9%	$930.0M
Deferred Tax Assets	$359.0M 39.7%	$257.0M 43.6%	$179.0M -29.5%	$254.0M -12.7%	$291.0M
Other Noncurrent Assets	$710.0M 38.7%	$512.0M 4.7%	$489.0M -28.4%	$683.0M -6.2%	$728.0M
Total Noncurrent Assets	$3.6B -5.5%	$3.8B 10.4%	$3.4B 1.1%	$3.4B -26.2%	$4.6B
Total Assets	$14.0B -3.2%	$14.5B -15.0%	$17.0B 2.5%	$16.6B 3.4%	$16.0B
Liabilities
Accounts Payable	$2.0B -20.2%	$2.5B -5.1%	$2.7B 17.9%	$2.3B -3.2%	$2.4B
Accrued Liabilities	$1.5B 3.6%	$1.4B 6.3%	$1.3B -25.2%	$1.8B 0.2%	$1.8B
Contract Liabilities	$13.0M -27.8%	$18.0M 28.6%	$14.0M -33.3%	$21.0M -4.5%	$22.0M
Short Term Debt&Current Portion of Ltd	$398.0M 445.2%	$73.0M 21.7%	$60.0M -9.1%	$66.0M 34.7%	$49.0M
Total Current Liabilities	$3.6B -3.2%	$3.8B -11.1%	$4.2B 11.5%	$3.8B -0.3%	$3.8B
Long Term Debt(noncurrent)	$3.8B 1.5%	$3.7B -10.5%	$4.1B -2.8%	$4.3B 14.0%	$3.7B
Operating Lease Liabilities(noncurrent Lessee)	$144.0M 28.6%	$112.0M 31.8%	$85.0M -44.1%	$152.0M -11.6%	$172.0M
Finance Lease Liabilities(noncurrent Lessee)	$20.0M -13.0%	$23.0M 155.6%	$9.0M -18.2%	$11.0M -8.3%	$12.0M
Pension&Other Postretirement Liabilities	$137.0M -6.2%	$146.0M 13.2%	$129.0M -55.5%	$290.0M -49.7%	$576.0M
Product Warranty Liability(noncurrent)	$127.0M 21.0%	$105.0M 40.0%	$75.0M -30.6%	$108.0M 21.3%	$89.0M
Deferred Tax Liabilities	$167.0M 4.4%	$160.0M 11.9%	$143.0M -30.6%	$206.0M -25.4%	$276.0M
Unrecognized Tax Benefits(noncurrent)	$95.0M -41.0%	$161.0M -6.4%	$172.0M -5.0%	$181.0M -8.6%	$198.0M
Other Noncurrent Liabilities	$741.0M -3.4%	$767.0M 11.8%	$686.0M -28.8%	$964.0M -18.4%	$1.2B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$892.2M 29641.5%	$3.0M 0.0%	$3.0M 0.0%	$3.0M 0.0%	$3.0M
Additional Paid In Capital	$2.7B -0.6%	$2.7B 0.5%	$2.7B 1.4%	$2.6B 0.9%	$2.6B
Retained Earnings/Accumulated Deficit	$6.4B 4.2%	$6.2B -17.5%	$7.5B 11.7%	$6.7B 6.0%	$6.3B
Accumulated Other Comprehensive Income(loss)	$-1.0B -23.2%	$-828.0M 5.5%	$-876.0M -59.0%	$-551.0M 15.4%	$-651.0M
Noncontrolling Interest(equity Section)	$174.0M -26.9%	$238.0M -16.2%	$284.0M -9.6%	$314.0M 6.1%	$296.0M
Total Stockholders' Equity	$5.5B -5.1%	$5.8B -19.3%	$7.2B 4.0%	$6.9B 8.1%	$6.4B
Total Liabilities and Stockholders' Equity	$14.0B -3.2%	$14.5B -15.0%	$17.0B 2.5%	$16.6B 3.4%	$16.0B

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	$14.1B -0.8%	$14.2B 12.4%	$12.6B 7.0%	$11.8B 16.1%	$10.2B
Costs and Expenses Cost of Goods Sold	$11.4B -1.7%	$11.6B 13.3%	$10.3B 6.6%	$9.6B 16.7%	$8.3B
Costs and Expenses Gross Profit	$2.6B 3.1%	$2.6B 8.4%	$2.4B 9.0%	$2.2B 13.8%	$1.9B
Costs and Expenses Selling,General and Administrative Expense(sg&a)	$1.4B 2.6%	$1.3B 2.0%	$1.3B 18.9%	$1.1B 14.1%	$951.0M
Costs and Expenses Research&Development Expense	$736.0M 2.6%	$717.0M 2.3%	$701.0M 19.6%	$586.0M 23.1%	$476.0M
Costs and Expenses Amortization of Intangible Assets	$69.0M 3.0%	$67.0M -2.9%	$69.0M 16.9%	$59.0M -33.7%	$89.0M
Costs and Expenses Restructuring Costs	$74.0M -6.3%	$79.0M 64.6%	$48.0M -55.6%	$108.0M -46.8%	$203.0M
Costs and Expenses Impairment Charges	$646.0M 2127.6%	$29.0M -3.3%	$30.0M	$0 -100.0%	$17.0M
Costs and Expenses Other Operating Income/expense	$-32.0M -300.0%	$16.0M 100.0%	$8.0M 112.1%	$-66.0M 52.2%	$-138.0M
Operating Income Operating Income(loss)	$546.0M -52.9%	$1.2B 15.0%	$1.0B 10.4%	$914.0M 47.9%	$618.0M
Non Operating Income Expense Interest Expense	$84.0M 15.1%	$73.0M 40.4%	$52.0M -44.1%	$93.0M 52.5%	$61.0M
Non Operating Income Expense Interest Income	$54.0M 54.3%	$35.0M 75.0%	$20.0M 81.8%	$11.0M -8.3%	$12.0M
Non Operating Income Expense Interest Income/expense(net)	$-20.0M -100.0%	$-10.0M 80.4%	$-51.0M 44.0%	$-91.0M -49.2%	$-61.0M
Non Operating Income Expense Income(loss)From Equity Method Investments	$27.0M -10.0%	$30.0M 7.1%	$28.0M -33.3%	$42.0M 133.3%	$18.0M
Non Operating Income Expense Other Non Operating Income(expense)	$10.0M -64.3%	$28.0M	$0 100.0%	$-20.0M	$0
Income Before Tax Income Before Income Taxes	$539.0M -45.6%	$991.0M 8.5%	$913.0M 79.0%	$510.0M -47.1%	$964.0M
Income Tax Income Tax Expense(benefit)	$111.0M -61.6%	$289.0M 48.2%	$195.0M 200.0%	$65.0M -83.6%	$397.0M
net Income net Income(loss)	$338.0M -45.9%	$625.0M -33.8%	$944.0M 75.8%	$537.0M 7.4%	$500.0M
Earnings Per Share Basic Eps(net Income)	$2 -43.7%	$3 -33.2%	$4 78.2%	$2 -4.3%	$2
Earnings Per Share Diluted Eps(net Income)	$2 -43.8%	$3 -33.1%	$4 78.1%	$2 -4.3%	$2
Earnings Per Share Weighted Average Shares Basic	$223.5M -4.0%	$232.8M -1.1%	$235.5M -1.1%	$238.1M 11.8%	$213.0M
Earnings Per Share Weighted Average Shares Diluted	$224.8M -4.1%	$234.4M -1.0%	$236.8M -1.1%	$239.5M 11.9%	$214.0M
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	$-192.0M -500.0%	$48.0M 114.8%	$-325.0M -425.0%	$100.0M 31.6%	$76.0M
Comprehensive Income Comprehensive Income(loss),Net of Tax	$146.0M -78.3%	$673.0M 8.7%	$619.0M -2.8%	$637.0M 10.6%	$576.0M

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	$338.0M -45.9%	$625.0M -33.8%	$944.0M 75.8%	$537.0M 7.4%	$500.0M
Operating Activities Depreciation and Amortization	$673.0M 15.6%	$582.0M 5.4%	$552.0M -3.8%	$574.0M 1.1%	$568.0M
Operating Activities Share Based Compensation	$62.0M 6.9%	$58.0M -9.4%	$64.0M 28.0%	$50.0M 22.0%	$41.0M
Operating Activities Deferred Income Tax Expense(benefit)	$-156.0M -160.0%	$-60.0M 36.2%	$-94.0M 49.7%	$-187.0M -250.8%	$124.0M
Operating Activities Income(loss)From Equity Method Investments(less Dividends)	$27.0M -10.0%	$30.0M 7.1%	$28.0M -33.3%	$42.0M 133.3%	$18.0M
Operating Activities Provision For Doubtful Accounts	$10.0M 150.0%	$4.0M 100.0%	$2.0M	$0 -100.0%	$11.0M
Operating Activities Impairment Charges	$646.0M 2127.6%	$29.0M -3.3%	$30.0M	$0 -100.0%	$17.0M
Operating Activities Pension&Opeb Expense(non Cash Portion)	$72.0M 1.4%	$71.0M 47.9%	$48.0M 26.3%	$38.0M -26.9%	$52.0M
Operating Activities Gain(loss)On Sale of Assets/Investments/Debt Extinguishment	$-6.0M -220.0%	$5.0M -61.5%	$13.0M 144.8%	$-29.0M	$0
Operating Activities Increase/decrease In Inventories	$-31.0M -143.1%	$72.0M -54.4%	$158.0M -11.7%	$179.0M 539.3%	$28.0M
Operating Activities Increase/decrease In Contract Assets	$18.0M 500.0%	$3.0M 117.6%	$-17.0M -21.4%	$-14.0M 39.1%	$-23.0M
Operating Activities Increase/decrease In Accounts Payable&Accrued Liabilities	$-292.0M -177.9%	$375.0M -13.4%	$433.0M 809.8%	$-61.0M -132.8%	$186.0M
Operating Activities Increase/decrease In Other Operating Assets/liabilities	$32.0M 129.4%	$-109.0M -281.7%	$60.0M 156.1%	$-107.0M -40.8%	$-76.0M
Investing Activities Capital Expenditures	$671.0M -19.4%	$832.0M 33.8%	$622.0M 21.0%	$514.0M 16.6%	$441.0M
Investing Activities Acquisitions/Divestitures	$0 -100.0%	$109.0M -65.1%	$312.0M -58.9%	$759.0M 69.0%	$449.0M
Investing Activities Proceeds From Sale of Pp&e	$4.0M -86.7%	$30.0M 50.0%	$20.0M 150.0%	$8.0M -50.0%	$16.0M
Financing Activities Proceeds From Debt	$1.0B 5500.0%	$18.0M 260.0%	$5.0M -99.6%	$1.3B 9.2%	$1.2B
Financing Activities Repayment of Debt	$525.0M 16.4%	$451.0M 3369.2%	$13.0M -98.1%	$699.0M 111.2%	$331.0M
Financing Activities Repurchase of Stock	$402.0M 127.1%	$177.0M -26.3%	$240.0M	$0 -100.0%	$216.0M
Financing Activities Dividends Paid	$98.0M -24.6%	$130.0M -19.3%	$161.0M -0.6%	$162.0M 11.0%	$146.0M
Financing Activities Payments Related To Tax Withholding For Share Based Comp	$23.0M -8.0%	$25.0M 38.9%	$18.0M 20.0%	$15.0M	—
Cash Reconciliation net Change In Cash	$560.0M 185.7%	$196.0M 138.7%	$-506.0M -360.8%	$194.0M -76.3%	$818.0M
Supplemental Disclosures Income Taxes Paid	$406.0M 12.2%	$362.0M 35.1%	$268.0M -7.6%	$290.0M 41.5%	$205.0M
Supplemental Disclosures Interest Paid	$121.0M -4.0%	$126.0M -3.8%	$131.0M 3.1%	$127.0M 30.9%	$97.0M
Supplemental Disclosures Non Cash Investing&Financing Activities	$66.0M 4.8%	$63.0M 350.0%	$14.0M -48.1%	$27.0M -82.2%	$152.0M

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	—	—	—	—	—

Valuation

Price against fundamentals

FY2024 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

BorgWarner Inc.

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history