Magna International Inc. (MGA)

Magna International Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	43,070	42,797	37,840	36,242	32,647	39,431
Revenue Growth (YoY)	6.37%	13.10%	4.41%	11.01%	-17.20%	-3.42%
Cost of Revenue	37,423	37,185	33,188	31,097	28,207	34,022
Gross Profit	5,647	5,612	4,652	5,145	4,440	5,409
Selling, General & Admin	2,096	2,050	1,660	1,717	1,587	1,681
Operating Expenses	3,695	3,574	3,079	3,229	2,953	3,026
Operating Income	1,952	2,038	1,573	1,916	1,487	2,383
Interest Expense	-293	-242	-126	-122	-105	-104
Interest & Investment Income	86	86	45	44	19	22
Earnings From Equity Investments	86	112	89	148	189	178
Other Non Operating Income (Expenses)	-158	-	-	-	-	-
EBT Excluding Unusual Items	1,673	1,994	1,581	1,986	1,590	2,479
Merger & Restructuring Charges	-180	-171	-22	-1	-269	-31
Gain (Loss) on Sale of Investments	-133	-217	-597	-2	-315	-706
Gain (Loss) on Sale of Assets	-	-	-58	-75	-	524
Asset Writedown	-60	-	-26	-	-	-43
Other Unusual Items	9	-	-	40	-	-
Pretax Income	1,309	1,606	878	1,948	1,006	2,223
Income Tax Expense	240	320	237	395	329	591
Earnings From Continuing Operations	1,069	1,286	641	1,553	677	1,632
Net Income to Company	1,069	1,286	641	1,553	677	1,632
Minority Interest in Earnings	-82	-73	-49	-39	80	133
Net Income	987	1,213	592	1,514	757	1,765
Net Income to Common	987	1,213	592	1,514	757	1,765
Net Income Growth	5.90%	104.90%	-60.90%	100.00%	-57.11%	-23.13%
Shares Outstanding (Basic)	287	286	290	301	300	315
Shares Outstanding (Diluted)	287	287	291	303	300	316
Shares Change (YoY)	0.03%	-1.58%	-3.83%	0.80%	-4.88%	-9.12%
EPS (Basic)	3.44	4.24	2.04	5.04	2.53	5.61
EPS (Diluted)	3.44	4.23	2.03	5.00	2.52	5.59
EPS Growth	5.90%	108.37%	-59.40%	98.41%	-54.92%	-15.43%
Free Cash Flow	830	649	414	1,568	2,133	2,519
Free Cash Flow Per Share	2.89	2.26	1.42	5.18	7.10	7.98
Dividend Per Share	1.885	1.855	1.810	1.740	1.630	1.495
Dividend Growth	3.01%	2.49%	4.02%	6.75%	9.03%	10.33%
Gross Margin	13.11%	13.11%	12.29%	14.20%	13.60%	13.72%
Operating Margin	4.53%	4.76%	4.16%	5.29%	4.55%	6.04%
Profit Margin	2.29%	2.83%	1.56%	4.18%	2.32%	4.48%
Free Cash Flow Margin	1.93%	1.52%	1.09%	4.33%	6.53%	6.39%
EBITDA	3,749	3,786	3,161	3,683	3,068	3,985
EBITDA Margin	8.70%	8.85%	8.35%	10.16%	9.40%	10.11%
D&A For EBITDA	1,797	1,748	1,588	1,767	1,581	1,602
EBIT	1,952	2,038	1,573	1,916	1,487	2,383
EBIT Margin	4.53%	4.76%	4.16%	5.29%	4.55%	6.04%
Effective Tax Rate	18.33%	19.93%	26.99%	20.28%	32.70%	26.59%

Source: S&P Capital IQ. Standard template. Financial Sources.