Garrett Motion Inc
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Jul 25, 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 Interim Statements of Equity (Deficit) (Unaudited)
CONSOLIDATED INTERIM STATEMENTS OF EQUITY (DEFICIT)
| Series APreferred Stock · Common Stock · Treasury Stock · AdditionalPaid-in Capital · Retained Deficit · Accumulated Other Comprehensive Income · Total Deficit | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||
| (in millions) | ||||||||||
| Balance at December 31, 2023 | — | $— | 238 | $— | — | $— | $1,190 | $(1,922) | $(3) | $(735) |
| Net income | — | — | — | — | — | — | — | 66 | — | 66 |
| Share repurchases | — | — | (12) | — | 12 | (109) | — | — | — | (109) |
| Excise tax on share repurchases | — | — | — | — | — | (1) | — | — | — | (1) |
| Shares issued under stock plan, net of shares withheld for employee taxes | — | — | 1 | — | 1 | (5) | — | — | — | (5) |
| Other comprehensive income, net of tax | — | — | — | — | — | — | — | — | 41 | 41 |
| Stock-based compensation | — | — | — | — | — | — | 8 | — | — | 8 |
| Balance at March 31, 2024 | — | $— | 227 | $— | 13 | $(115) | $1,198 | $(1,856) | $38 | $(735) |
| Net income | — | — | — | — | — | — | — | 64 | — | 64 |
| Share repurchases | — | — | (7) | — | 7 | (65) | — | — | — | (65) |
| Excise tax on share repurchases | — | — | — | — | — | (1) | — | — | — | (1) |
| Shares issued under stock plan, net of shares withheld for employee taxes | — | — | 1 | — | — | (1) | — | — | — | (1) |
| Other comprehensive loss, net of tax | — | — | — | — | — | — | — | — | 8 | 8 |
| Stock-based compensation | — | — | — | — | — | — | 5 | — | — | 5 |
| Balance at June 30, 2024 | — | $— | 221 | $— | 20 | $(182) | $1,203 | $(1,792) | $46 | $(725) |
| Series APreferred Stock · Common Stock · Treasury Stock · AdditionalPaid-in Capital · Retained Deficit · Accumulated Other Comprehensive Income · Total Deficit | ||||||||||
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||
| (in millions) | ||||||||||
| Balance at December 31, 2022 | 246 | $— | 64 | $— | — | $— | $1,333 | $(1,485) | $36 | $(116) |
| Net income | — | — | — | — | — | — | — | 81 | — | 81 |
| Other comprehensive loss, net of tax | — | — | — | — | — | — | — | — | (6) | (6) |
| Dividends | — | — | — | — | — | — | — | (42) | — | (42) |
| Stock-based compensation | — | — | — | — | — | — | 3 | — | — | 3 |
| Balance at March 31, 2023 | 246 | $— | 64 | $— | — | $— | $1,336 | $(1,446) | $30 | $(80) |
| Net income | — | — | — | — | — | — | — | 71 | — | 71 |
| Repurchases of Series A Preferred Stock | (70) | — | — | — | — | — | (366) | (201) | — | (567) |
| Repurchases of Common Stock | — | — | (2) | — | — | — | — | (18) | — | (18) |
| Excise tax on share repurchases | — | — | — | — | — | — | — | (6) | — | (6) |
| Other comprehensive income, net of tax | — | — | — | — | — | — | — | — | (3) | (3) |
| Issuance of Common Stock for preference dividends | — | — | 26 | — | — | — | 209 | (209) | — | — |
| Conversion of Series A Preferred Stock | (176) | — | 176 | — | — | — | — | (25) | — | (25) |
| Stock-based compensation | — | — | — | — | — | — | 5 | — | — | 5 |
| Balance at June 30, 2023 | — | $— | 264 | $— | — | $— | $1,184 | $(1,834) | $27 | $(623) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.