BorgWarner Inc. (BWA)
NYSE: BWA · Real-Time Price · USD
48.81
+1.28 (2.69%)
At close: Nov 6, 2026, 4:00 PM EST
49.04
+0.23 (0.47%)
After-hours: Nov 6, 2026, 7:30 PM EST
BorgWarner Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 478 | 277 | 338 | 625 | 944 | 537 |
Depreciation & Amortization | 584 | 629 | 623 | 578 | 552 | 574 |
Loss (Gain) From Sale of Assets | 3 | 11 | 6 | -5 | -16 | 29 |
Asset Writedown & Restructuring Costs | 660 | 782 | 702 | 99 | 71 | 81 |
Loss (Gain) From Sale of Investments | -8 | -3 | 1 | 174 | 73 | 362 |
Stock-Based Compensation | 52 | 66 | 62 | 58 | 64 | 50 |
Other Operating Activities | -42 | -80 | -142 | -39 | -356 | -239 |
Change in Accounts Receivable | 194 | 2 | 143 | -482 | -409 | -55 |
Change in Inventory | -73 | 105 | 31 | -72 | -158 | -179 |
Change in Accounts Payable | -154 | -207 | -292 | 375 | 433 | -61 |
Change in Income Taxes | -28 | -17 | -40 | -20 | 25 | -10 |
Change in Other Net Operating Assets | 11 | 83 | -50 | 106 | -43 | 121 |
Operating Cash Flow | 1,677 | 1,648 | 1,352 | 1,312 | 1,570 | 1,307 |
Operating Cash Flow Growth | -1.81% | 21.89% | 3.05% | -16.43% | 20.12% | 10.39% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -526 | -469 | -671 | -832 | -622 | -516 |
Sale of Property, Plant & Equipment | 29 | 43 | 4 | 30 | 20 | 8 |
Cash Acquisitions | - | - | - | -109 | -312 | -759 |
Divestitures | - | 7 | 8 | 9 | 27 | 22 |
Investment in Securities | -2 | - | -8 | 284 | -473 | -20 |
Other Investing Activities | 37 | 51 | 64 | -61 | -59 | -131 |
Investing Cash Flow | -462 | -368 | -603 | -679 | -1,419 | -1,396 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | - | 1,008 | 18 | 5 | 1,286 |
Total Debt Issued | 3 | - | 1,008 | 18 | 5 | 1,286 |
Long-Term Debt Repaid | - | -414 | -525 | -451 | -13 | -699 |
Total Debt Repaid | -867 | -414 | -525 | -451 | -13 | -699 |
Net Debt Issued (Repaid) | -864 | -414 | 483 | -433 | -8 | 587 |
Repurchase of Common Stock | -728 | -508 | -402 | -177 | -240 | - |
Common Dividends Paid | -139 | -119 | -98 | -130 | -161 | -162 |
Other Financing Activities | -78 | -75 | -150 | 303 | -158 | -139 |
Financing Cash Flow | -1,809 | -1,116 | -167 | -437 | -567 | 286 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 5 | 55 | -22 | - | -90 | -3 |
Net Cash Flow | -589 | 219 | 560 | 196 | -506 | 194 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 1,151 | 1,179 | 681 | 480 | 948 | 791 |
Free Cash Flow Growth | -7.18% | 73.13% | 41.88% | -49.37% | 19.85% | 9.40% |
Free Cash Flow Margin | 8.08% | 8.24% | 4.83% | 3.38% | 7.50% | 6.70% |
Free Cash Flow Per Share | 5.53 | 5.45 | 3.03 | 2.05 | 4.00 | 3.30 |
Levered Free Cash Flow | 998.13 | 984.5 | 576.75 | 892.38 | 310.5 | 487 |
Unlevered Free Cash Flow | 1,054 | 1,046 | 629.25 | 938 | 354.88 | 538.25 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 125 | 133 | 121 | 126 | 131 | - |
Cash Income Tax Paid | 377 | 372 | 406 | 362 | 268 | 290 |
Change in Working Capital | -50 | -34 | -208 | -93 | -152 | -184 |