Garrett Motion Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
GTX$20.68-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity (Deficit)
| Series APreferred Stock · Common Stock · Additional Paid-in Capital · Retained Earnings · Other Comprehensive Income/(Loss) · Total Deficit | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| (in millions) | ||||||||
| Balance at December 31, 2020 | — | $— | 76 | $— | $28 | $(2,207) | $(129) | $(2,308) |
| Net income | — | — | — | — | — | 495 | — | 495 |
| Cash-Out election | — | — | (11) | — | — | (69) | — | (69) |
| Issuance of Series A Preferred Stock | 248 | — | — | — | 1,301 | — | — | 1,301 |
| Repurchases of Series A Preferred Stock | (2) | — | — | — | (10) | (5) | — | (15) |
| Repurchases of Common Stock | — | — | (1) | — | — | (4) | — | (4) |
| Other comprehensive income, net of tax | — | — | — | — | — | — | 125 | 125 |
| Stock-based compensation | — | — | — | — | 7 | — | — | 7 |
| Balance at December 31, 2021 | 246 | $— | 64 | $— | $1,326 | $(1,790) | $(4) | $(468) |
| Net income | — | — | — | — | — | 390 | — | 390 |
| Share repurchases | — | — | — | — | (4) | (2) | — | (6) |
| Other comprehensive loss, net of tax | — | — | — | — | — | — | 40 | 40 |
| Dividends | — | — | — | — | — | (83) | — | (83) |
| Stock-based compensation | — | — | — | — | 11 | — | — | 11 |
| Balance at December 31, 2022 | 246 | $— | 64 | $— | $1,333 | $(1,485) | $36 | $(116) |
| Net income | — | — | — | — | — | 261 | — | 261 |
| Repurchases of Series A Preferred Stock | (70) | — | — | — | (366) | (201) | — | (567) |
| Repurchases of Common Stock | — | — | (28) | — | — | (213) | — | (213) |
| Excise tax on share repurchases | — | — | — | — | — | (8) | — | (8) |
| Other comprehensive loss, net of tax | — | — | — | — | — | — | (39) | (39) |
| Dividends | — | — | — | — | — | (42) | — | (42) |
| Issuance of Common Stock for preference dividends | — | — | 26 | — | 209 | (209) | — | — |
| Conversion of Series A Preferred Stock to Common Stock | (176) | — | 176 | — | — | (25) | — | (25) |
| Stock-based compensation | — | — | — | — | 14 | — | — | 14 |
| Balance at December 31, 2023 | — | $— | 238 | $— | $1,190 | $(1,922) | $(3) | $(735) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.