BORGWARNER INC
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
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FY2024 · Filed Feb 6, 2025
BWA$51.44+5.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share amounts) | 2024 | 2023 | 2022 |
| Net sales | $14,086 | $14,198 | $12,635 |
| Cost of sales | 11,438 | 11,630 | 10,266 |
| Gross profit | 2,648 | 2,568 | 2,369 |
| Selling, general and administrative expenses | 1,350 | 1,316 | 1,290 |
| Restructuring expense | 74 | 79 | 48 |
| Other operating expense (income), net | 32 | (16) | (8) |
| Impairment charges | 646 | 29 | 30 |
| Operating income | 546 | 1,160 | 1,009 |
| Equity in affiliates’ earnings, net of tax | (27) | (30) | (28) |
| Unrealized and realized loss on equity and debt securities | 1 | 174 | 73 |
| Interest expense, net | 20 | 10 | 51 |
| Other postretirement expense | 13 | 15 | — |
| Earnings from continuing operations before income taxes and noncontrolling interest | 539 | 991 | 913 |
| Provision for income taxes | 111 | 289 | 195 |
| Net earnings from continuing operations | 428 | 702 | 718 |
| Net (loss) earnings from discontinued operations | (29) | (7) | 308 |
| Net earnings | 399 | 695 | 1,026 |
| Net earnings from continuing operations attributable to the noncontrolling interest, net of tax | 61 | 70 | 82 |
| Net earnings attributable to BorgWarner Inc. | $338 | $625 | $944 |
| Amounts attributable to BorgWarner Inc.: | |||
| Net earnings from continuing operations | $367 | $632 | $636 |
| Net (loss) earnings from discontinued operations | (29) | (7) | 308 |
| Net earnings attributable to BorgWarner Inc. | $338 | $625 | $944 |
| Earnings per share from continuing operations — basic | $1.64 | $2.71 | $2.70 |
| (Loss) earnings per share from discontinued operations — basic | (0.13) | (0.03) | 1.31 |
| Earnings per share attributable to BorgWarner Inc. — basic | $1.51 | $2.68 | $4.01 |
| Earnings per share from continuing operations — diluted | $1.63 | $2.70 | $2.69 |
| (Loss) earnings per share from discontinued operations — diluted | (0.13) | (0.03) | 1.30 |
| Earnings per share attributable to BorgWarner Inc. — diluted | $1.50 | $2.67 | $3.99 |
| Weighted average shares outstanding: | |||
| Basic | 223.5 | 232.8 | 235.5 |
| Diluted | 224.8 | 234.4 | 236.8 |
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