← BORGWARNER INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $718.0m | $702.0m | $428.0m | $335.0m | |
| Net Income (Loss) Attributable to Parent | $118.5m | $439.9m | $930.7m | $746.0m | $500.0m | $537.0m | $944.0m | $625.0m | $338.0m | $277.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $160.2m | $483.3m | $984.6m | $797.0m | $567.0m | $639.0m | $1.0b | $695.0m | $399.0m | $335.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $632.0m | $367.0m | $277.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $702.0m | $428.0m | $335.0m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($7.0m) | ($29.0m) | $0 | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | $0 | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $41.7m | $43.4m | $53.9m | $51.0m | $67.0m | $102.0m | $82.0m | — | — | — | |
| Depreciation, Depletion and Amortization | $391.4m | $407.8m | $431.3m | $439.0m | $568.0m | $772.0m | $721.0m | $582.0m | $673.0m | $719.0m | |
| Depreciation | — | — | — | — | — | $684.0m | $624.0m | $515.0m | $604.0m | $653.0m | |
| Amortization of Intangible Assets | $40.4m | $40.0m | $40.1m | $39.0m | $89.0m | $88.0m | $97.0m | $67.0m | $69.0m | $66.0m | |
| Amortization Cash Flow | — | — | — | — | — | — | $69.0m | $67.0m | $69.0m | $66.0m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $69.0m | $67.0m | $69.0m | $66.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $552.0m | $582.0m | $673.0m | $719.0m | |
| Deferred Income Tax Expense (Benefit) | ($264.9m) | $291.9m | ($70.0m) | $187.0m | $124.0m | ($176.0m) | ($66.0m) | ($60.0m) | ($156.0m) | ($133.0m) | |
| Deferred Income Tax | — | — | — | — | — | — | ($76.0m) | ($44.0m) | ($156.0m) | ($133.0m) | |
| Deferred Tax | — | — | — | — | — | — | ($76.0m) | ($44.0m) | ($156.0m) | ($133.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $43.6m | $52.7m | $52.9m | $42.0m | $41.0m | $62.0m | $75.0m | $58.0m | $62.0m | $66.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $25.0m | $23.0m | $22.0m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $10.0m | $24.0m | $38.0m | $21.0m | $26.0m | $29.0m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $16.0m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $577.0m | $423.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $12.6m | $0 | $0 | — | — | — | — | — | — | $27.0m | |
| Impairment of Intangible Assets, Finite-lived | $23.9m | $0 | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $30.0m | $29.0m | $646.0m | $624.0m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($20.0m) | $0 | $28.0m | $10.0m | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $19.4m | $0 | $0 | $5.0m | $0 | $0 | $0 | $4.0m | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | — | — | — | $9.0m | |
| Gain (Loss) on Disposition of Business | ($127.1m) | ($71.0m) | ($25.6m) | ($7.0m) | ($17.0m) | ($29.0m) | $13.0m | $5.0m | ($6.0m) | ($2.0m) | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | $13.0m | ($2.0m) | ($9.0m) | |
| Income (Loss) from Equity Method Investments | $42.9m | $51.2m | $48.9m | $32.0m | $18.0m | $48.0m | $38.0m | $30.0m | $27.0m | $35.0m | |
| Income Tax Expense (Benefit) | $30.3m | $580.3m | $211.3m | $468.0m | $397.0m | $150.0m | $292.0m | $289.0m | $111.0m | $189.0m | |
| Other Nonoperating Income (Expense) | $4.2m | $300k | ($3.3m) | $0 | $0 | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $36.5m | $84.5m | $53.3m | $36.0m | $28.0m | $268.0m | $215.0m | $72.0m | ($31.0m) | ($105.0m) | |
| Proceeds from Stock Options Exercised | $13.0m | $16.5m | $0 | $0 | — | — | — | — | — | — | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | — | ($20.0m) | ($473.0m) | ($174.0m) | ($1.0m) | $3.0m | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | ($20.0m) | ($73.0m) | ($174.0m) | ($1.0m) | $3.0m | |
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | ($5.3m) | $0 | $0 | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | ($14.0m) | $0 | $0 | — | — | — | — | |
| Goodwill | $1.7b | $1.9b | $1.9b | $1.8b | $2.6b | $3.3b | $3.4b | $3.0b | $2.4b | $2.1b | |
| Investment Income, Interest | $6.3m | $5.8m | $6.4m | $12.0m | $12.0m | $12.0m | $26.0m | $35.0m | $54.0m | $60.0m | |
| Pension Cost (Reversal of Cost) | $10.1m | $12.5m | $8.5m | $45.0m | $15.0m | ($19.0m) | ($10.0m) | $26.0m | $26.0m | $26.0m | |
| Restructuring Costs | $12.0m | $27.0m | $33.0m | $30.0m | $135.0m | $123.0m | $45.0m | $66.0m | $6.0m | $36.0m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | $14.2b | $14.1b | $14.3b | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $382.0m | ($362.0m) | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $1.8b | $1.3b | $1.5b | $2.1b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($564.0m) | ($521.0m) | ($167.0m) | ($1.1b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.3b) | ($593.0m) | ($603.0m) | ($368.0m) | |
| Cash Flow From Discontinued Operation | — | — | — | — | — | — | $288.0m | ($87.0m) | ($30.0m) | $0 | |
| Change In Account Payable | — | — | — | — | — | — | $433.0m | $375.0m | ($292.0m) | ($207.0m) | |
| Change In Inventory | — | — | — | — | — | — | ($158.0m) | ($72.0m) | $31.0m | $105.0m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($35.0m) | $89.0m | ($72.0m) | $34.0m | |
| Change In Payable | — | — | — | — | — | — | $433.0m | $375.0m | ($292.0m) | ($207.0m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $433.0m | $375.0m | ($292.0m) | ($207.0m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $17.0m | ($3.0m) | ($18.0m) | $32.0m | |
| Change In Receivables | — | — | — | — | — | — | ($409.0m) | ($482.0m) | $143.0m | $2.0m | |
| Change In Working Capital | — | — | — | — | — | — | ($152.0m) | ($93.0m) | ($208.0m) | ($34.0m) | |
| Changes In Cash | — | — | — | — | — | — | ($416.0m) | $196.0m | $582.0m | $164.0m | |
| End Cash Position | — | — | — | — | — | — | $1.3b | $1.5b | $2.1b | $2.3b | |
| Financing Cash Flow | — | — | — | — | — | — | ($564.0m) | ($521.0m) | ($167.0m) | ($1.1b) | |
| Free Cash Flow | — | — | — | — | — | — | $558.0m | $565.0m | $729.0m | $1.2b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $73.0m | $174.0m | $1.0m | ($3.0m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($16.0m) | ($5.0m) | $6.0m | $34.0m | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.3b) | ($593.0m) | ($603.0m) | ($368.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($285.0m) | ($100.0m) | $8.0m | $7.0m | |
| Operating Gains Losses | — | — | — | — | — | — | $36.0m | $122.0m | ($48.0m) | $31.0m | |
| Other Non Cash Items | — | — | — | — | — | — | $8.0m | $41.0m | ($15.0m) | $40.0m | |
| Pension And Employee Benefit Expense | — | — | — | — | — | ($28.0m) | ($21.0m) | ($19.0m) | ($45.0m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($18.0m) | ($25.0m) | ($23.0m) | ($22.0m) | |
| Purchase Of Business | — | — | — | — | — | — | ($312.0m) | ($109.0m) | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($240.0m) | ($177.0m) | ($402.0m) | ($508.0m) | |
| Sale Of Business | — | — | — | — | — | — | $27.0m | $9.0m | $8.0m | $7.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $64.0m | $58.0m | $62.0m | $66.0m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | $362.0m | $73.0m | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | $0 | $0 | — | ($27.0m) | ($4.0m) | — | — | — | — | — | |
| Other Operating Income (Expense), Net | ($889.7m) | ($144.5m) | ($93.8m) | $75.0m | ($341.0m) | ($81.0m) | ($58.0m) | ($13.0m) | ($32.0m) | ($109.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $1.0b | $1.2b | $1.1b | $1.0b | $1.2b | $1.3b | $1.6b | $1.4b | $1.4b | $1.6b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($622.0m) | ($832.0m) | ($653.0m) | ($440.0m) | |
| Capital Expenditure Reported | $500.6m | $560.0m | $546.6m | $481.0m | $441.0m | $666.0m | ($622.0m) | ($832.0m) | ($653.0m) | ($440.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $185.7m | $0 | $10.0m | $449.0m | $759.0m | $312.0m | $109.0m | $0 | $0 | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | $0 | $0 | — | — | — | — | — | — | — | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | $473.0m | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($433.0m) | $309.0m | $38.0m | $18.0m | |
| Purchase Of Investment | — | — | — | — | — | ($20.0m) | ($473.0m) | — | ($8.0m) | — | |
| Sale Of Investment | — | — | — | — | — | — | $40.0m | $309.0m | $46.0m | $18.0m | |
| Net Other Investing Changes | — | — | — | — | — | — | $20.0m | $30.0m | $4.0m | $47.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($404.2m) | ($752.3m) | ($514.5m) | ($489.0m) | ($866.0m) | ($1.4b) | ($1.4b) | ($593.0m) | ($603.0m) | ($368.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $4.6m | $3.0m | $58.7m | $63.0m | $1.2b | $1.3b | $5.0m | $18.0m | $1.0b | — | |
| Issuance Of Debt | — | — | — | — | — | — | $5.0m | $18.0m | $1.0b | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $5.0m | $18.0m | $1.0b | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($8.0m) | ($433.0m) | $483.0m | ($414.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($8.0m) | ($433.0m) | $483.0m | ($414.0m) | |
| Repayments of Long-term Debt | $193.6m | $19.3m | $65.7m | $204.0m | $331.0m | $699.0m | $13.0m | $451.0m | $525.0m | $409.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($13.0m) | ($451.0m) | ($525.0m) | ($414.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($13.0m) | ($451.0m) | ($525.0m) | ($414.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($240.0m) | ($177.0m) | ($402.0m) | ($508.0m) | |
| Payments for Repurchase of Common Stock | $288.0m | $100.0m | $150.0m | $100.0m | $216.0m | $0 | $240.0m | $177.0m | $402.0m | $508.0m | |
| Payments of Ordinary Dividends, Common Stock | $113.4m | $124.1m | $141.5m | $140.0m | $146.0m | $162.0m | $161.0m | $130.0m | $98.0m | $119.0m | |
| Common Stock Payments | — | — | — | — | — | — | ($240.0m) | ($177.0m) | ($402.0m) | ($508.0m) | |
| Proceeds from Noncontrolling Interests | — | — | — | $4.0m | $4.0m | — | — | — | — | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | — | — | ($33.0m) | ($59.0m) | ($15.0m) | $0 | $0 | |
| Dividends Payable, Current | $15.7m | $17.7m | $17.2m | $14.0m | — | $18.0m | $21.0m | $0 | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($161.0m) | ($130.0m) | ($98.0m) | ($119.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($161.0m) | ($130.0m) | ($98.0m) | ($119.0m) | |
| Proceeds from (Payments for) Other Financing Activities | $6.7m | ($2.1m) | ($15.2m) | ($15.0m) | ($13.0m) | ($15.0m) | ($18.0m) | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($137.0m) | $244.0m | ($127.0m) | ($53.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($733.8m) | ($362.5m) | ($383.4m) | ($420.0m) | $437.0m | $286.0m | ($567.0m) | ($521.0m) | ($167.0m) | ($1.1b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($31.7m) | $36.1m | ($34.5m) | ($6.0m) | $63.0m | ($3.0m) | ($90.0m) | $0 | ($22.0m) | $55.0m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($90.0m) | $0 | ($22.0m) | $55.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($31.7m) | $36.1m | ($34.5m) | $93.0m | $818.0m | $194.0m | ($506.0m) | $196.0m | $560.0m | $219.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $101.0m | $194.0m | $832.0m | $1.6b | $1.8b | $1.3b | $1.5b | $2.1b | $2.3b | |
| Restricted Cash and Investments, Current | $0 | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($506.0m) | $196.0m | $560.0m | $219.0m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $100.3m | $92.0m | $83.6m | $72.0m | $97.0m | $130.0m | $138.0m | $126.0m | $121.0m | $133.0m | |
| Income Taxes Paid, Net | $300.5m | $279.8m | $315.7m | $243.0m | $205.0m | $342.0m | $319.0m | $362.0m | $406.0m | $372.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.