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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments916739545444578798
Cash and cash equivalents916739545444578798
Restricted cash and investments    12 
Receivables1,9831,9872,0191,6891,6651,444
Inventory, net of allowances, customer advances and progress billings810781766641724506
Inventory810781766641724506
Prepaid expense 8382789973
Disposal group, including discontinued operation 2729   
Other current assets 8358524641
Other undisclosed current assets27810444812111
Total current assets:3,9873,8053,5432,9123,1352,971
Noncurrent Assets
Nontrade receivables     112
Property, plant and equipment2,8122,9042,8642,5022,4482,094
Long-term investments and receivables, including:694592547283261219
Long-term investments694244240502461403
Accounts and financing receivable, after allowance for credit loss 45308   
Other undisclosed long-term investments and receivables 303 (219)(200)(184)
Intangible assets, net (including goodwill)2,2222,2932,3752,1662,3021,357
Goodwill1,8181,8531,8821,7021,7581,206
Intangible assets, net (excluding goodwill)404440493464544151
Other noncurrent assets484502459753496554
Other undisclosed noncurrent assets   219200(79)
Total noncurrent assets:6,2126,2916,2445,9235,7064,257
TOTAL ASSETS:10,19910,0959,7888,8358,8427,228
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,0482,1442,2701,8471,8661,530
Accounts payable 1,4851,5461,3231,226979
Accrued liabilities546879727192
Employee-related liabilities 25662944
Taxes payable585941694914
Interest and dividends payable 3641394016
Other undisclosed accounts payable and accrued liabilities1,936471558339451385
Deferred revenue12
Debt386140161916123
Postemployment benefits liability     20
Estimated litigation liability     47
Disposal group, including discontinued operation 2330   
Contract with customer, liability13
Other undisclosed current liabilities7978110225330548
Total current liabilities:2,5252,3992,4252,0922,3572,168
Noncurrent Liabilities
Long-term debt and lease obligation1,6561,9412,1042,0442,125716
Long-term debt, excluding current maturities1,6561,9412,1042,0442,125716
Liabilities, other than long-term debt, including:1,4401,4111,4331,397728653
Deferred revenue and credits   38
Accounts payable and accrued liabilities47    177
Deferred revenue14
Contract with customer, liability17
Deferred tax liabilities, net    47
Liability, pension and other postretirement and postemployment benefits273298302294313327
Estimated litigation liability     64
Other liabilities444357356276415326
Derivative instruments and hedges, liabilities     1
Other undisclosed liabilities, other than long-term debt662738776828 (326)
Total noncurrent liabilities:3,0963,3523,5373,4412,8531,369
Total liabilities:5,6215,7515,9625,5335,2103,537
Stockholders' equity
Stockholders' equity attributable to parent4,4574,2263,7173,2183,5543,616
Common stock333333
Treasury stock, value(1,653)(1,585)(1,445)(1,382)(1,158)(832)
Additional paid in capital1,1291,1461,1191,1041,1101,112
Accumulated other comprehensive loss(779)(674)(490)(722)(610)(384)
Retained earnings5,7575,3364,5314,2154,2103,717
Stockholders' equity attributable to noncontrolling interest121119109847875
Total stockholders' equity:4,5784,3453,8263,3023,6323,691
TOTAL LIABILITIES AND EQUITY:10,19910,0959,7888,8358,8427,228

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues10,18210,5309,7999,0718,0238,305
Revenue, net9,7999,0718,0238,305
Cost of revenue
(Cost of Goods and Services Sold)
(8,083)(8,300)(7,679)(7,138)(6,320)(6,549)
Gross profit:2,0992,2292,1201,9331,7031,756
Operating expenses(894)(946)(899)(818)(662)(1,439)
Other operating expense, net(114)(94)(145)(890)(101)(94)
Other undisclosed operating income     741
Operating income:1,0911,1901,077226940964
Nonoperating income1713613916
Investment income, nonoperating966686
Gain on contract termination   6  
Net periodic defined benefits expense (reversal of expense), excluding service cost component 9
Other nonoperating income (expense) (3)  110
Interest and debt expense(56)(59)(71)(85)(60)(36)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(47)    37
Income from continuing operations before equity method investments, income taxes:1,0051,1441,012154888980
Income from equity method investments494951434047
Other undisclosed income (loss) from continuing operations before income taxes33 (6)(1)(47)
Income from continuing operations before income taxes:1,0571,1961,064191927980
Income tax expense(249)(211)(580)(30)(280)(293)
Net income:808985483160646688
Net loss attributable to noncontrolling interest(52)(54)(43)(42)(37)(32)
Net income available to common stockholders, diluted:756931440119610656

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:808985483160646688
Other comprehensive income (loss)91651620(47)106
Other undisclosed comprehensive income (loss)(255)(243)228(178)(217)(507)
Comprehensive income:6438077272383286
Comprehensive income (loss), net of tax, attributable to noncontrolling interest78(11)5(5)(4)
Other undisclosed comprehensive loss, net of tax, attributable to parent(51)(54)(43)   
Comprehensive income, net of tax, attributable to parent:6007616727378282

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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