BorgWarner Inc. (BWA) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments832916710494739362362
Cash and cash equivalents832916710494739362362
Receivables1,9211,9832,0632,0651,9872,0612,131
Inventory, net of allowances, customer advances and progress billings807810817807781810800
Inventory807810817807781810800
Prepaid expense83   83  
Disposal group, including discontinued operation   27272828
Other current assets98   83  
Other undisclosed current assets95278259326104230223
Total current assets:3,8363,9873,8493,7193,8053,4913,544
Noncurrent Assets
Property, plant and equipment2,9252,8122,8912,8952,9042,8282,826
Long-term investments and receivables, including:318694690617592610611
Long-term investments256694690617244610611
Accounts and financing receivable, after allowance for credit loss2   45  
Other undisclosed long-term investments and receivables60   303  
Intangible assets, net (including goodwill)2,2442,2222,2662,2812,2932,3072,320
Goodwill1,8421,8181,8451,8481,8531,8571,858
Intangible assets, net (excluding goodwill)402404421433440450462
Other noncurrent assets379484535592502481477
Total noncurrent assets:5,8666,2126,3826,3856,2916,2266,234
TOTAL ASSETS:9,70210,19910,23110,10410,0959,7169,777
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,9772,0482,0892,0562,1442,0092,122
Accounts payable1,325   1,485  
Accrued liabilities80545961686568
Employee-related liabilities34   25  
Taxes payable66585357591012
Interest and dividends payable32   36  
Other undisclosed accounts payable and accrued liabilities4401,9361,9771,9384711,9352,042
Deferred revenue 12  
Debt252386140140140153
Disposal group, including discontinued operation   22233031
Contract with customer, liability11121313 
Other undisclosed current liabilities100797369783380
Total current liabilities:2,3292,5252,3132,2992,3992,1002,236
Noncurrent Liabilities
Long-term debt and lease obligation1,6741,6561,9291,9231,9412,0862,103
Long-term debt, excluding current maturities1,6741,6561,9291,9231,9412,0862,103
Liabilities, other than long-term debt, including:8551,4401,4871,4971,4111,3611,384
Accounts payable and accrued liabilities 474746 4647
Deferred revenue 14  
Contract with customer, liability16161718 
Liability, pension and other postretirement and postemployment benefits306273283292298269284
Other liabilities549444470459357352352
Other undisclosed liabilities, other than long-term debt 662671684738677701
Total noncurrent liabilities:2,5293,0963,4163,4203,3523,4473,487
Total liabilities:4,8585,6215,7295,7195,7515,5465,723
Stockholders' equity
Stockholders' equity attributable to parent4,7064,4574,3944,2744,2264,0663,960
Common stock3333333
Treasury stock, value(1,657)(1,653)(1,653)(1,626)(1,585)(1,581)(1,544)
Additional paid in capital1,1451,1291,1161,1111,1461,1271,111
Accumulated other comprehensive loss(727)(779)(670)(675)(674)(609)(568)
Retained earnings5,9425,7575,5985,4615,3365,1274,959
Stockholders' equity attributable to noncontrolling interest13812110811111910494
Total stockholders' equity:4,8444,5784,5024,3854,3454,1704,054
TOTAL LIABILITIES AND EQUITY:9,70210,19910,23110,10410,0959,7169,777

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues2,5592,4922,5512,5662,5732,4792,694
Revenue, net2,694
Cost of revenue
(Cost of Goods and Services Sold)
(2,014)(1,968)(2,038)(2,047)(2,030)(1,963)(2,115)
Gross profit:545524513519543516579
Operating expenses(205)(230)(212)(226)(226)(231)(236)
Other operating income (expense), net138(18)(16)(29)(51)(7)(30)
Other nonrecurring (income) expense   (14) (2) 
Operating income:478276285264266278313
Nonoperating income (expense)(27)423821
Investment income, nonoperating 423 21
Interest and debt expense(12)(15)(14)(14)(13)(14)(15)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes18(18)9(46)1815
Income from continuing operations before equity method investments, income taxes:440273255262215283315
Income from equity method investments32   49  
Other undisclosed income from continuing operations before income taxes3   3  
Income from continuing operations before income taxes:475273255262267283315
Income tax expense(238)(66)(73)(91)(19)(67)(30)
Net income:237207182171248216284
Net loss attributable to noncontrolling interest(17)(13)(10)(11)(18)(12)(13)
Net income available to common stockholders, diluted:220194172160230204272

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:237207182171248216284
Other comprehensive income4741986017
Other undisclosed comprehensive income (loss)10(118)(17)(8)(112)(45)(150)
Comprehensive income:29493184171195172141
Comprehensive income (loss), net of tax, attributable to noncontrolling interest9(5)(3)114(2)(7)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(31)(3)(4)(13)(31)(7)1
Comprehensive income, net of tax, attributable to parent:27285177159179162135

Statements sources

The financial statements are based on the company's filings with the 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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