BORGWARNER INC
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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FY2025 · Filed Feb 11, 2026
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) | 2025 | 2024 | 2023 |
| OPERATING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Net cash provided by operating activities (see Note 25) | $1,648 | $1,382 | $1,397 |
| INVESTING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Capital expenditures, including tooling outlays | (469) | (671) | (832) |
| Customer advances related to capital expenditures | 29 | 18 | — |
| Insurance proceeds received for damage to property, plant and equipment | 4 | — | — |
| Payments for acquired business, net of cash acquired | — | — | (109) |
| Proceeds from sale of businesses, net | 7 | 8 | 9 |
| Proceeds from settlement of net investment hedges, net | 18 | 46 | 25 |
| (Payments for) proceeds from investments in debt and equity securities, net | — | (8) | 284 |
| Proceeds from asset disposals and other, net | 43 | 4 | 30 |
| Net cash used in investing activities from continuing operations | (368) | (603) | (593) |
| FINANCING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Payments on notes payable | (5) | — | — |
| Additions to debt | — | 1,008 | 18 |
| Repayments of debt, including current portion | (409) | (525) | (451) |
| Payments for debt issuance costs | — | (9) | (3) |
| Payments for purchase of treasury stock | (508) | (402) | (177) |
| Payments for stock-based compensation items | (22) | (23) | (25) |
| Payments for business acquired, net of cash acquired | — | (4) | — |
| Payments for contingent consideration | (4) | (1) | (23) |
| Purchase of noncontrolling interest | — | — | (15) |
| Net distribution from PHINIA | — | — | 401 |
| Dividends paid to BorgWarner stockholders | (119) | (98) | (130) |
| Dividends paid to noncontrolling stockholders | (49) | (113) | (116) |
| Net cash used in financing activities from continuing operations | (1,116) | (167) | (521) |
| CASH FLOWS FROM DISCONTINUED OPERATIONS | |||
| Operating activities of discontinued operations | — | (30) | (85) |
| Investing activities of discontinued operations | — | — | (86) |
| Financing activities of discontinued operations | — | — | 84 |
| Net cash used in discontinued operations | — | (30) | (87) |
| Effect of exchange rate changes on cash | 55 | (22) | — |
| Net increase in cash, cash equivalents and restricted cash | 219 | 560 | 196 |
| Cash, cash equivalents and restricted cash at beginning of year | 2,094 | 1,534 | 1,338 |
| Cash and cash equivalents at end of year | $2,313 | $2,094 | $1,534 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.