BORGWARNER INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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FY2023 · Filed Feb 8, 2024
BWA$50.45-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2023 | 2022 | 2021 |
| OPERATING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Net cash provided by operating activities (see Note 25) | $1,397 | $1,180 | $1,210 |
| INVESTING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Capital expenditures, including tooling outlays | (832) | (622) | (514) |
| Capital expenditures for damage to property, plant and equipment | — | — | (2) |
| Insurance proceeds received for damage to property, plant and equipment | — | — | 5 |
| Payments for businesses acquired, net of cash and restricted cash acquired | (109) | (312) | (759) |
| Proceeds from sale of businesses, net of cash divested | 9 | 27 | 22 |
| Proceeds from settlement of net investment hedges, net | 25 | 40 | 11 |
| Proceeds from (payments for) investments in debt and equity securities, net | 284 | (473) | (20) |
| Proceeds from asset disposals and other, net | 30 | 20 | 8 |
| Net cash used in investing activities from continuing operations | (593) | (1,320) | (1,249) |
| FINANCING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Additions to debt | 18 | 5 | 1,286 |
| Repayments of debt, including current portion | (451) | (13) | (699) |
| Payments for debt issuance costs | (3) | — | (11) |
| Payments for purchase of treasury stock | (177) | (240) | — |
| Payments for stock-based compensation items | (25) | (18) | (15) |
| Purchase of noncontrolling interest | (15) | (56) | (33) |
| Payments for contingent consideration | (23) | — | — |
| Net distribution from PHINIA | 401 | — | — |
| Dividends paid to BorgWarner stockholders | (130) | (161) | (162) |
| Dividends paid to noncontrolling stockholders | (116) | (81) | (72) |
| Net cash (used in) provided by financing activities from continuing operations | (521) | (564) | 294 |
| CASH FLOWS FROM DISCONTINUED OPERATIONS | |||
| Operating activities of discontinued operations | (85) | 390 | 97 |
| Investing activities of discontinued operations | (86) | (99) | (147) |
| Financing activities of discontinued operations | 84 | (3) | (8) |
| Net cash (used in) provided by discontinued operations | (87) | 288 | (58) |
| Effect of exchange rate changes on cash | — | (90) | (3) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 196 | (506) | 194 |
| Cash, cash equivalents and restricted cash at beginning of year | 1,338 | 1,844 | 1,650 |
| Cash, cash equivalents and restricted cash at end of year | $1,534 | $1,338 | $1,844 |
| Less: Cash, cash equivalents and restricted cash of discontinued operations at end of year | $— | $255 | $295 |
| Cash, cash equivalents and restricted cash of continuing operations at end of year | $1,534 | $1,083 | $1,549 |
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