PHINIA INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
PHIN$70.33+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
| Number of Shares · PHINIA Inc. Stockholders’ Equity | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions, except share data) · Issued common stock · Common stock held in treasury · Issued common stock · Additional paid-in-capital · Treasury stock · Retained earnings · Former Parent investment · Accumulated other comprehensive income (loss) · Non-controlling interests · Total Equity | ||||||||||||||||||||||
| Balance, January 1, 2021 | — | — | $— | $— | $— | $— | $670 | $(24) | $2 | $648 | ||||||||||||
| Net transfers from Former Parent | 825 | 825 | ||||||||||||||||||||
| Net earnings | 152 | 1 | 153 | |||||||||||||||||||
| Other comprehensive income | 86 | 86 | ||||||||||||||||||||
| Balance, December 31, 2021 | — | — | $— | $— | $— | $— | $1,647 | $62 | $3 | $1,712 | ||||||||||||
| Net transfers to Former Parent | (178) | (178) | ||||||||||||||||||||
| Purchase of noncontrolling interest | (3) | (3) | ||||||||||||||||||||
| Net earnings | 262 | 262 | ||||||||||||||||||||
| Other comprehensive loss | (150) | (150) | ||||||||||||||||||||
| Balance, December 31, 2022 | — | — | $— | $— | $— | $— | $1,731 | $(88) | $— | $1,643 | ||||||||||||
| Dividends declared ($0.50 per share) | (23) | (23) | ||||||||||||||||||||
| Net transfers from Former Parent | 220 | 220 | ||||||||||||||||||||
| Spin-Off related adjustments | 8 | 8 | ||||||||||||||||||||
| Reclassification of Former Parent's net investment and issuance of ordinary shares in connection with Spin-Off | 47,013,661 | 1 | 2,020 | (2,021) | — | |||||||||||||||||
| Share-based compensation expense | 6 | 6 | ||||||||||||||||||||
| Purchase of treasury stock | (903,920) | (24) | (24) | |||||||||||||||||||
| Net issuance of executive stock plan | 54,795 | (3) | 1 | (2) | ||||||||||||||||||
| Net earnings | 32 | 70 | 102 | |||||||||||||||||||
| Other comprehensive loss | (43) | (43) | ||||||||||||||||||||
| Balance, December 31, 2023 | 47,013,661 | (849,125) | $1 | $2,031 | $(23) | $9 | $— | $(131) | $— | $1,887 | ||||||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.