BorgWarner Inc. (BWA) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,650832739545444578
Cash and cash equivalents1,650832739545444578
Restricted cash and investments     12
Receivables2,9191,9211,9872,0191,6891,665
Inventory, net of allowances, customer advances and progress billings1,286807781766641724
Inventory1,286807781766641724
Prepaid expense848383827899
Contract with customer, asset16  
Disposal group, including discontinued operation  2729  
Other current assets729883585246
Other undisclosed current assets1409510444812
Total current assets:6,1673,8363,8053,5432,9123,135
Noncurrent Assets
Finance lease, right-of-use asset12 
Property, plant and equipment 2,9252,9042,8642,5022,448
Long-term investments and receivables, including:820318592547283261
Long-term investments769256244240502461
Accounts and financing receivable, after allowance for credit loss 245308  
Other undisclosed long-term investments and receivables5160303 (219)(200)
Intangible assets, net (including goodwill)3,7232,2442,2932,3752,1662,302
Goodwill2,6271,8421,8531,8821,7021,758
Intangible assets, net (excluding goodwill)1,096402440493464544
Other noncurrent assets728379502459753496
Other undisclosed noncurrent assets4,579   219200
Total noncurrent assets:9,8625,8666,2916,2445,9235,706
TOTAL ASSETS:16,0299,70210,0959,7888,8358,842
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,9772,1442,2701,8471,866
Accounts payable 1,3251,4851,5461,3231,226
Accrued liabilities 8068797271
Employee-related liabilities 34256629
Taxes payable 6659416949
Interest and dividends payable 3236413940
Other undisclosed accounts payable and accrued liabilities 440471558339451
Debt492521401619161
Restructuring reserve111     
Disposal group, including discontinued operation  2330  
Contract with customer, liability13
Other liabilities1,409     
Other undisclosed current liabilities2,24110078110225330
Total current liabilities:3,8102,3292,3992,4252,0922,357
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7381,6741,9412,1042,0442,125
Long-term debt, excluding current maturities3,7381,6741,9412,1042,0442,125
Finance lease, liability12 
Other undisclosed long-term debt and lease obligation(12)     
Liabilities, other than long-term debt, including:1,7578551,4111,4331,397728
Contract with customer, liability17
Liability, pension and other postretirement and postemployment benefits576306298302294313
Other liabilities1,181549357356276415
Other undisclosed liabilities, other than long-term debt  738776828 
Total noncurrent liabilities:5,4952,5293,3523,5373,4412,853
Total liabilities:9,3054,8585,7515,9625,5335,210
Stockholders' equity
Stockholders' equity attributable to parent6,4284,7064,2263,7173,2183,554
Common stock333333
Treasury stock, value(1,834)(1,657)(1,585)(1,445)(1,382)(1,158)
Additional paid in capital2,6141,1451,1461,1191,1041,110
Accumulated other comprehensive loss(651)(727)(674)(490)(722)(610)
Retained earnings6,2965,9425,3364,5314,2154,210
Stockholders' equity attributable to noncontrolling interest2961381191098478
Total stockholders' equity:6,7244,8444,3453,8263,3023,632
TOTAL LIABILITIES AND EQUITY:16,0299,70210,0959,7888,8358,842

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,16510,16810,5309,7999,0718,023
Revenue, net9,7999,0718,023
Cost of revenue
(Cost of Goods and Services Sold)
(8,255)(8,067)(8,300)(7,679)(7,138)(6,320)
Gross profit:1,9102,1012,2292,1201,9331,703
Operating expenses(951)(873)(946)(899)(818)(662)
Other operating income (expense), net(341)75(94)(145)(890)(101)
Operating income:6181,3031,1901,077226940
Nonoperating income (expense)19(18)136139
Investment income, nonoperating1296668
Gain on contract termination    6 
Net periodic defined benefits expense (reversal of expense), excluding service cost component7(27)9
Other nonoperating income (expense)  (3)  1
Interest and debt expense(73)(55)(59)(71)(85)(60)
Income from continuing operations before equity method investments, income taxes:5641,2301,1441,012154888
Income from equity method investments183249514340
Other undisclosed income (loss) from continuing operations before income taxes38233 (6)(1)
Income from continuing operations before income taxes:9641,2651,1961,064191927
Income tax expense(397)(468)(211)(580)(30)(280)
Net income:567797985483160646
Net loss attributable to noncontrolling interest(67)(51)(54)(43)(42)(37)
Net income available to common stockholders, diluted:500746931440119610

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:567797985483160646
Other comprehensive income (loss) 78651620(47)
Other undisclosed comprehensive income (loss)96(133)(243)228(178)(217)
Comprehensive income:6637428077272383
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(87)28(11)5(5)
Other undisclosed comprehensive loss, net of tax, attributable to parent (51)(54)(43)  
Comprehensive income, net of tax, attributable to parent:5766937616727378

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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