BORGWARNER INC
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
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FY2024 · Filed Feb 6, 2025
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) | 2024 | 2023 | 2022 |
| OPERATING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Net cash provided by operating activities (see Note 25) | $1,382 | $1,397 | $1,180 |
| INVESTING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Capital expenditures, including tooling outlays | (671) | (832) | (622) |
| Customer advances related to capital expenditures | 18 | — | — |
| Payments for businesses acquired, net of cash acquired | — | (109) | (312) |
| Proceeds from sale of businesses, net of cash divested | 8 | 9 | 27 |
| Proceeds from settlement of net investment hedges, net | 46 | 25 | 40 |
| (Payments for) proceeds from investments in debt and equity securities, net | (8) | 284 | (473) |
| Proceeds from asset disposals and other, net | 4 | 30 | 20 |
| Net cash used in investing activities from continuing operations | (603) | (593) | (1,320) |
| FINANCING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Additions to debt | 1,008 | 18 | 5 |
| Repayments of debt, including current portion | (525) | (451) | (13) |
| Payments for debt issuance costs | (9) | (3) | — |
| Payments for purchase of treasury stock | (402) | (177) | (240) |
| Payments for stock-based compensation items | (23) | (25) | (18) |
| Payments for business acquired, net of cash acquired | (4) | — | — |
| Payments for contingent consideration | (1) | (23) | — |
| Purchase of noncontrolling interest | — | (15) | (56) |
| Net distribution from PHINIA | — | 401 | — |
| Dividends paid to BorgWarner stockholders | (98) | (130) | (161) |
| Dividends paid to noncontrolling stockholders | (113) | (116) | (81) |
| Net cash used in financing activities from continuing operations | (167) | (521) | (564) |
| CASH FLOWS FROM DISCONTINUED OPERATIONS | |||
| Operating activities of discontinued operations | (30) | (85) | 390 |
| Investing activities of discontinued operations | — | (86) | (99) |
| Financing activities of discontinued operations | — | 84 | (3) |
| Net cash (used in) provided by discontinued operations | (30) | (87) | 288 |
| Effect of exchange rate changes on cash | (22) | — | (90) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 560 | 196 | (506) |
| Cash, cash equivalents and restricted cash at beginning of year | 1,534 | 1,338 | 1,844 |
| Cash, cash equivalents and restricted cash at end of year | $2,094 | $1,534 | $1,338 |
| Less: Cash and cash equivalents of discontinued operations at end of year | $— | $— | $255 |
| Cash, cash equivalents and restricted cash of continuing operations at end of year | $2,094 | $1,534 | $1,083 |
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