Magna International Inc. (TSX: MG)

Magna International Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	43,094	42,797	37,840	36,242	32,647	39,431
Revenue Growth (YoY)	10.86%	13.10%	4.41%	11.01%	-17.20%	-3.42%
Cost of Revenue	37,361	37,185	33,188	31,097	28,207	34,022
Gross Profit	5,733	5,612	4,652	5,145	4,440	5,409
Selling, General & Admin	2,078	2,050	1,660	1,717	1,587	1,681
Depreciation & Amortization	1,564	1,524	1,419	1,512	1,366	1,345
Operating Expenses	3,642	3,574	3,079	3,229	2,953	3,026
Operating Income	2,091	2,038	1,573	1,916	1,487	2,383
Interest Expense	-273	-242	-126	-122	-105	-104
Interest & Investment Income	86	86	45	44	19	22
Net Interest Expenses	-187	-156	-81	-78	-86	-82
Income (Loss) On Equity Investments	113	112	89	148	189	178
Other Non Operating Income (Expenses)	-252	-	-	-	-	-
EBT Excluding Unusual Items	1,765	1,994	1,581	1,986	1,590	2,479
Merger & Restructuring Charges	-113	-171	-22	-1	-269	-31
Gain (Loss) on Sale of Assets	-	-	-58	-75	-	524
Gain (Loss) on Sale of Investments	-228	-217	-597	-2	-315	-706
Asset Writedown	-59	-	-26	-	-	-43
Other Unusual Items	-	-	-	40	-	-
Pretax Income	1,365	1,606	878	1,948	1,006	2,223
Income Tax Expense	270	320	237	395	329	591
Earnings From Continuing Operations	1,095	1,286	641	1,553	677	1,632
Net Income to Company	1,095	1,286	641	1,553	677	1,632
Minority Interest in Earnings	-82	-73	-49	-39	80	133
Net Income	1,013	1,213	592	1,514	757	1,765
Net Income to Common	1,013	1,213	592	1,514	757	1,765
Net Income Growth	131.81%	104.90%	-60.90%	100.00%	-57.11%	-23.13%
Shares Outstanding (Basic)	286	286	290	301	300	315
Shares Outstanding (Diluted)	287	287	291	303	300	316
Shares Change (YoY)	-0.55%	-1.58%	-3.83%	0.80%	-4.88%	-9.12%
EPS (Basic)	3.54	4.24	2.04	5.04	2.53	5.61
EPS (Diluted)	3.53	4.23	2.03	5.00	2.52	5.59
EPS Growth	132.98%	108.37%	-59.40%	98.41%	-54.92%	-15.43%
Free Cash Flow	639	649	414	1,568	2,133	2,519
Free Cash Flow Per Share	2.23	2.26	1.42	5.18	7.10	7.98
Dividend Per Share	1.870	1.855	1.810	1.740	1.630	1.495
Dividend Growth	2.75%	2.49%	4.02%	6.75%	9.03%	10.33%
Gross Margin	13.30%	13.11%	12.29%	14.20%	13.60%	13.72%
Operating Margin	4.85%	4.76%	4.16%	5.29%	4.55%	6.04%
Profit Margin	2.35%	2.83%	1.56%	4.18%	2.32%	4.48%
Free Cash Flow Margin	1.48%	1.52%	1.09%	4.33%	6.53%	6.39%
EBITDA	3,858	3,786	3,161	3,683	3,068	3,985
EBITDA Margin	8.95%	8.85%	8.35%	10.16%	9.40%	10.11%
D&A For EBITDA	1,767	1,748	1,588	1,767	1,581	1,602
EBIT	2,091	2,038	1,573	1,916	1,487	2,383
EBIT Margin	4.85%	4.76%	4.16%	5.29%	4.55%	6.04%
Effective Tax Rate	19.78%	19.93%	26.99%	20.28%	32.70%	26.59%

Source: S&P Capital IQ. Standard template.