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Midas Edge

DANA Inc

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 30, 2025

DAN$23.11+7.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Redeemable Noncontrolling Interests

Note7. Redeemable Noncontrolling Interests

Hydro-Québec owns a 45% redeemable noncontrolling interest in DanaTM4 Inc., DanaTM4 Electric Holdings BV and DanaTM4 USA, LLC. The terms of the joint venture agreement provide Hydro-Québec with the right to put all, andnot less than all, of its ownership interests in DanaTM4 Inc., DanaTM4 Electric Holdings BV and DanaTM4 USA, LLC to Dana at fair value. We estimate the fair value of the redemption value using an income-based approach based on discounted cash flow projections. In determining fair value using discounted cash flow projections, we make significant assumptions and estimates about the extent and timing of future cash flows, including revenue growth rates, projected EBITDA, discount rate, capital expenditures and terminal growth rate.

On* May 6, 2024,Hydro-Québec provided Dana with its put notice. Subsequent to May 6, 2024,Dana willno* longer attribute net income (loss) and other comprehensive income (loss) items of DanaTM4 Inc., DanaTM4 Electric Holdings BV and DanaTM4 USA, LLC to Hydro-Québec's redeemable noncontrolling interest. Closure of the transaction will proceed in accordance with the provisions of the shareholders agreement.

Reconciliation of changes in redeemable noncontrolling interests —

Three Months Ended
March 31,
20252024
Balance, beginning of period$189$191
Capital contribution from redeemable noncontrolling interests9
Adjustment to redemption value8
Comprehensive income (loss) adjustments:
Net loss attributable to redeemable noncontrolling interests(8)
Other comprehensive loss attributable to redeemable noncontrolling interests(3)
Balance, end of period$189$197
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.