BorgWarner Inc. (BWA) Financial Statements (2025 and earlier)

Company Profile

Business Address 3850 HAMLIN RD.
AUBURN HILLS, MI 48326
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   1,8411,650832739
Cash and cash equivalents   1,8411,650832739
Receivables3,1093,3232,8982,9191,9211,987
Inventory, net of allowances, customer advances and progress billings1,3131,6871,5341,286807781
Inventory1,3131,6871,5341,286807781
Prepaid expense898281848383
Contract with customer, asset, after allowance for credit loss18161716  
Derivative instruments and hedges, assets3218    
Disposal group, including discontinued operation      27
Other current assets475996729883
Other undisclosed current assets1,6091,43213014095104
Total current assets:6,2176,6176,5976,1673,8363,805
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 25101112 
Property, plant and equipment     2,9252,904
Long-term investments and receivables, including:364896530820318592
Long-term investments308354428769256244
Accounts and financing receivable, after allowance for credit loss     245
Other undisclosed long-term investments and receivables565421025160303
Intangible assets, net (including goodwill)3,5774,4484,3703,7232,2442,293
Goodwill3,0133,3973,2792,6271,8421,853
Intangible assets, net (excluding goodwill)5641,0511,0911,096402440
Other noncurrent assets512668683728379502
Other undisclosed noncurrent assets3,7584,3554,3844,579  
Total noncurrent assets:8,23610,3779,9789,8625,8666,291
TOTAL ASSETS:14,45316,99416,57516,0299,70210,095
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  2,684  1,9772,144
Interest and dividends payable  3236
Taxes payable  6659
Employee-related liabilities  3425
Accounts payable  2,684  1,3251,485
Accrued liabilities     8068
Other undisclosed accounts payable and accrued liabilities     440471
Debt73626649252140
Restructuring reserve68 96111  
Disposal group, including discontinued operation      23
Other liabilities1,1481,4901,4561,409  
Contract with customer, liability13
Other undisclosed current liabilities2,478 2,1802,24110078
Total current liabilities:3,7674,2363,7983,8102,3292,399
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7074,1664,2613,7381,6741,941
Long-term debt, excluding current maturities3,7074,1664,2613,7381,6741,941
Finance lease, liability 2391112 
Other undisclosed long-term debt and lease obligation (23)(9)(11)(12)  
Liabilities, other than long-term debt, including:9131,0841,2541,7578551,411
Contract with customer, liability17
Liability, pension and other postretirement and postemployment benefits146223290576306298
Other liabilities7678619641,181549357
Other undisclosed liabilities, other than long-term debt      738
Total noncurrent liabilities:4,6205,2505,5155,4952,5293,352
Total liabilities:8,3879,4869,3139,3054,8585,751
Equity
Equity, attributable to parent, including:5,8287,2246,9486,4284,7064,226
Common stock   333
Treasury stock, value(2,188)(2,032)(1,812)(1,834)(1,657)(1,585)
Additional paid in capital2,6892,6752,6372,6141,1451,146
Accumulated other comprehensive loss(828)(876)(551)(651)(727)(674)
Retained earnings6,1527,4546,6716,2965,9425,336
Other undisclosed equity, attributable to parent 333   
Equity, attributable to noncontrolling interest238284314296138119
Total equity:6,0667,5087,2626,7244,8444,345
TOTAL LIABILITIES AND EQUITY:14,45316,99416,57516,0299,70210,095

Income Statement (P&L) ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues14,19815,80114,83810,16510,16810,530
Cost of revenue
(Cost of Goods and Services Sold)
(11,630)(12,700)(11,983)(8,255)(8,067)(8,300)
Gross profit:2,5683,1012,8551,9102,1012,229
Operating expenses(1,395)(1,669)(1,623)(951)(873)(946)
Other operating income (expense), net(13)(58)(81)(341)75(94)
Other nonrecurring (income) expense11(1)    
Operating income:1,1601,3741,1516181,3031,190
Nonoperating income (expense)20575719(18)13
Investment income, nonoperating3526121296
Net periodic defined benefits expense (reversal of expense), excluding service cost component(15)31457(27)9
Other nonoperating expense      (3)
Interest and debt expense(45)(52)(93)(73)(55)(59)
Income from continuing operations before equity method investments, income taxes:1,1351,3791,1155641,2301,144
Income from equity method investments303848183249
Other undisclosed income (loss) from continuing operations before income taxes(174)(99)(374)38233
Income from continuing operations before income taxes:9911,3187899641,2651,196
Income tax expense(289)(292)(150)(397)(468)(211)
Income from continuing operations:7021,026639567797985
Income before gain (loss) on sale of properties:639567797985
Loss from discontinued operations(7)     
Net income:6951,026639567797985
Net loss attributable to noncontrolling interest  (82)(102)(67)(51)(54)
Other undisclosed net loss attributable to parent(70)     
Net income available to common stockholders, diluted:625944537500746931

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:6951,026639567797985
Other comprehensive income     7865
Other undisclosed comprehensive income (loss)40(349)9496(133)(243)
Comprehensive income:735677733663742807
Comprehensive income (loss), net of tax, attributable to noncontrolling interest8(58)(96)(87)28
Other undisclosed comprehensive loss, net of tax, attributable to parent(70)   (51)(54)
Comprehensive income, net of tax, attributable to parent:673619637576693761

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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