MAGNA INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
View on SEC.govAbout this filing
The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 28, 2024
Use the contents to explore the available documents and sections.
Contents
EX-3 · FINANCING RESOURCES
FINANCING RESOURCES
| 2023 | 2022 | Change | |
|---|---|---|---|
| Liabilities | |||
| Short-term borrowings | $511 | $8 | |
| Long-term debt due within one year | 819 | 654 | |
| Current portion of operating lease liabilities | 399 | 276 | |
| Long-term debt | 4,175 | 2,847 | |
| Operating lease liabilities | 1,319 | 1,288 | |
| $7,223 | $5,073 | $2,150 | |
Financial liabilities increased $2.15 billion to $7.22 billion as at December 31, 2023 primarily as a result of the $1.64 billion issuance of Senior Notes during the first quarter of 2023, a $400 million increase in the Term Loan, and the issuance of $509 million of commercial paper in the fourth quarter of 2023. These increases were offset by a $569 million repayment of Senior Notes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.