BorgWarner Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	277	338	625	944	537
Depreciation & Amortization	629	623	578	552	574
Loss (Gain) From Sale of Assets	11	6	-5	-16	29
Asset Writedown & Restructuring Costs	782	702	99	71	81
Loss (Gain) From Sale of Investments	-3	1	174	73	362
Stock-Based Compensation	66	62	58	64	50
Other Operating Activities	-80	-142	-39	-356	-239
Change in Accounts Receivable	2	143	-482	-409	-55
Change in Inventory	105	31	-72	-158	-179
Change in Accounts Payable	-207	-292	375	433	-61
Change in Income Taxes	-17	-40	-20	25	-10
Change in Other Net Operating Assets	83	-50	106	-43	121
Operating Cash Flow	1,648	1,352	1,312	1,570	1,307
Operating Cash Flow Growth	21.89%	3.05%	-16.43%	20.12%	10.39%
Capital Expenditures	-469	-671	-832	-622	-516
Sale of Property, Plant & Equipment	43	4	30	20	8
Cash Acquisitions	-	-	-109	-312	-759
Divestitures	7	8	9	27	22
Investment in Securities	-	-8	284	-473	-20
Other Investing Activities	51	64	-61	-59	-131
Investing Cash Flow	-368	-603	-679	-1,419	-1,396
Long-Term Debt Issued	-	1,008	18	5	1,286
Total Debt Issued	-	1,008	18	5	1,286
Long-Term Debt Repaid	-414	-525	-451	-13	-699
Total Debt Repaid	-414	-525	-451	-13	-699
Net Debt Issued (Repaid)	-414	483	-433	-8	587
Repurchase of Common Stock	-508	-402	-177	-240	-
Common Dividends Paid	-119	-98	-130	-161	-162
Other Financing Activities	-75	-150	303	-158	-139
Financing Cash Flow	-1,116	-167	-437	-567	286
Foreign Exchange Rate Adjustments	55	-22	-	-90	-3
Net Cash Flow	219	560	196	-506	194
Free Cash Flow	1,179	681	480	948	791
Free Cash Flow Growth	73.13%	41.88%	-49.37%	19.85%	9.40%
Free Cash Flow Margin	8.24%	4.83%	3.38%	7.50%	6.70%
Free Cash Flow Per Share	5.45	3.03	2.05	4.00	3.30
Cash Interest Paid	133	121	126	131	-
Cash Income Tax Paid	372	406	362	268	290
Levered Free Cash Flow	984.5	576.75	892.38	310.5	487
Unlevered Free Cash Flow	1,046	629.25	938	354.88	538.25
Change in Working Capital	-34	-208	-93	-152	-184

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.