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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1,841 | 1,650 | 832 | 739 | |||||
Cash and cash equivalents | 1,841 | 1,650 | 832 | 739 | |||||
Receivables | 3,109 | 3,323 | 2,898 | 2,919 | 1,921 | 1,987 | |||
Inventory, net of allowances, customer advances and progress billings | 1,313 | 1,687 | 1,534 | 1,286 | 807 | 781 | |||
Inventory | 1,313 | 1,687 | 1,534 | 1,286 | 807 | 781 | |||
Prepaid expense | 89 | 82 | 81 | 84 | 83 | 83 | |||
Contract with customer, asset, after allowance for credit loss | 18 | 16 | 17 | 16 | |||||
Derivative instruments and hedges, assets | 32 | 18 | |||||||
Disposal group, including discontinued operation | 27 | ||||||||
Other current assets | 47 | 59 | 96 | 72 | 98 | 83 | |||
Other undisclosed current assets | 1,609 | 1,432 | 130 | 140 | 95 | 104 | |||
Total current assets: | 6,217 | 6,617 | 6,597 | 6,167 | 3,836 | 3,805 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 25 | 10 | 11 | 12 | ✕ | ||||
Property, plant and equipment | 2,925 | 2,904 | |||||||
Long-term investments and receivables, including: | 364 | 896 | 530 | 820 | 318 | 592 | |||
Long-term investments | 308 | 354 | 428 | 769 | 256 | 244 | |||
Accounts and financing receivable, after allowance for credit loss | 2 | 45 | |||||||
Other undisclosed long-term investments and receivables | 56 | 542 | 102 | 51 | 60 | 303 | |||
Intangible assets, net (including goodwill) | 3,577 | 4,448 | 4,370 | 3,723 | 2,244 | 2,293 | |||
Goodwill | 3,013 | 3,397 | 3,279 | 2,627 | 1,842 | 1,853 | |||
Intangible assets, net (excluding goodwill) | 564 | 1,051 | 1,091 | 1,096 | 402 | 440 | |||
Other noncurrent assets | 512 | 668 | 683 | 728 | 379 | 502 | |||
Other undisclosed noncurrent assets | 3,758 | 4,355 | 4,384 | 4,579 | |||||
Total noncurrent assets: | 8,236 | 10,377 | 9,978 | 9,862 | 5,866 | 6,291 | |||
TOTAL ASSETS: | 14,453 | 16,994 | 16,575 | 16,029 | 9,702 | 10,095 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 2,684 | 1,977 | 2,144 | ||||||
Interest and dividends payable | ✕ | ✕ | ✕ | 32 | 36 | ||||
Taxes payable | ✕ | ✕ | ✕ | 66 | 59 | ||||
Employee-related liabilities | ✕ | ✕ | ✕ | 34 | 25 | ||||
Accounts payable | 2,684 | 1,325 | 1,485 | ||||||
Accrued liabilities | 80 | 68 | |||||||
Other undisclosed accounts payable and accrued liabilities | 440 | 471 | |||||||
Debt | 73 | 62 | 66 | 49 | 252 | 140 | |||
Restructuring reserve | 68 | 96 | 111 | ||||||
Disposal group, including discontinued operation | 23 | ||||||||
Other liabilities | 1,148 | 1,490 | 1,456 | 1,409 | |||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 13 | ||
Other undisclosed current liabilities | 2,478 | 2,180 | 2,241 | 100 | 78 | ||||
Total current liabilities: | 3,767 | 4,236 | 3,798 | 3,810 | 2,329 | 2,399 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 3,707 | 4,166 | 4,261 | 3,738 | 1,674 | 1,941 | |||
Long-term debt, excluding current maturities | 3,707 | 4,166 | 4,261 | 3,738 | 1,674 | 1,941 | |||
Finance lease, liability | 23 | 9 | 11 | 12 | ✕ | ||||
Other undisclosed long-term debt and lease obligation | (23) | (9) | (11) | (12) | |||||
Liabilities, other than long-term debt, including: | 913 | 1,084 | 1,254 | 1,757 | 855 | 1,411 | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 17 | ||
Liability, pension and other postretirement and postemployment benefits | 146 | 223 | 290 | 576 | 306 | 298 | |||
Other liabilities | 767 | 861 | 964 | 1,181 | 549 | 357 | |||
Other undisclosed liabilities, other than long-term debt | 738 | ||||||||
Total noncurrent liabilities: | 4,620 | 5,250 | 5,515 | 5,495 | 2,529 | 3,352 | |||
Total liabilities: | 8,387 | 9,486 | 9,313 | 9,305 | 4,858 | 5,751 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 5,828 | 7,224 | 6,948 | 6,428 | 4,706 | 4,226 | |||
Common stock | 3 | 3 | 3 | ||||||
Treasury stock, value | (2,188) | (2,032) | (1,812) | (1,834) | (1,657) | (1,585) | |||
Additional paid in capital | 2,689 | 2,675 | 2,637 | 2,614 | 1,145 | 1,146 | |||
Accumulated other comprehensive loss | (828) | (876) | (551) | (651) | (727) | (674) | |||
Retained earnings | 6,152 | 7,454 | 6,671 | 6,296 | 5,942 | 5,336 | |||
Other undisclosed equity, attributable to parent | 3 | 3 | 3 | ||||||
Equity, attributable to noncontrolling interest | 238 | 284 | 314 | 296 | 138 | 119 | |||
Total equity: | 6,066 | 7,508 | 7,262 | 6,724 | 4,844 | 4,345 | |||
TOTAL LIABILITIES AND EQUITY: | 14,453 | 16,994 | 16,575 | 16,029 | 9,702 | 10,095 |
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 | ||
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Revenues | 14,198 | 15,801 | 14,838 | 10,165 | 10,168 | 10,530 | ||
Cost of revenue (Cost of Goods and Services Sold) | (11,630) | (12,700) | (11,983) | (8,255) | (8,067) | (8,300) | ||
Gross profit: | 2,568 | 3,101 | 2,855 | 1,910 | 2,101 | 2,229 | ||
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) expense | 11 | (1) | ||||||
Operating income: | 1,160 | 1,374 | 1,151 | 618 | 1,303 | 1,190 | ||
Nonoperating income (expense) | 20 | 57 | 57 | 19 | (18) | 13 | ||
Investment income, nonoperating | 35 | 26 | 12 | 12 | 9 | 6 | ||
Net periodic defined benefits expense (reversal of expense), excluding service cost component | (15) | 31 | 45 | 7 | (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: | 1,135 | 1,379 | 1,115 | 564 | 1,230 | 1,144 | ||
Income from equity method investments | 30 | 38 | 48 | 18 | 32 | 49 | ||
Other undisclosed income (loss) from continuing operations before income taxes | (174) | (99) | (374) | 382 | 3 | 3 | ||
Income from continuing operations before income taxes: | 991 | 1,318 | 789 | 964 | 1,265 | 1,196 | ||
Income tax expense | (289) | (292) | (150) | (397) | (468) | (211) | ||
Income from continuing operations: | 702 | 1,026 | 639 | 567 | 797 | 985 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 639 | 567 | 797 | 985 | |
Loss from discontinued operations | (7) | |||||||
Net income: | 695 | 1,026 | 639 | 567 | 797 | 985 | ||
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: | 625 | 944 | 537 | 500 | 746 | 931 |
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: | 695 | 1,026 | 639 | 567 | 797 | 985 | ||
Other comprehensive income | 78 | 65 | ||||||
Other undisclosed comprehensive income (loss) | 40 | (349) | 94 | 96 | (133) | (243) | ||
Comprehensive income: | 735 | 677 | 733 | 663 | 742 | 807 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 8 | (58) | (96) | (87) | 2 | 8 | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (70) | (51) | (54) | |||||
Comprehensive income, net of tax, attributable to parent: | 673 | 619 | 637 | 576 | 693 | 761 |
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.