PHINIA INC

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

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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.

FY2024 · Filed Feb 13, 2025

PHIN$70.33+2.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 31,
(in millions, except share and per share amounts)	2024	2023
ASSETS
Cash and cash equivalents	$484	$365
Receivables, net	817	1,017
Inventories	444	487
Prepayments and other current assets	96	58
Total current assets	1,841	1,927
Property, plant and equipment, net	843	921
Investments and long-term receivables	111	115
Goodwill	471	499
Other intangible assets, net	374	417
Other non-current assets	128	162
Total assets	$3,768	$4,041
LIABILITIES AND EQUITY
Short-term borrowings and current portion of long-term debt	$25	$89
Accounts payable	522	639
Other current liabilities	422	420
Total current liabilities	969	1,148
Long-term debt	963	709
Retirement-related liabilities	112	132
Other non-current liabilities	150	165
Total liabilities	2,194	2,154
Commitments and contingencies (see Note 18)
Capital stock:
Common stock, $0.01 par value; authorized shares: 200,000,000; issued shares: (2024 - 47,013,661, 2023 - 47,013,661); outstanding shares: (2024 - 41,643,883, 2023 - 46,164,536)	1	1
Additional paid-in capital	1,976	2,031
Retained earnings	44	9
Accumulated other comprehensive loss	(217)	(131)
Treasury stock, at cost: (2024 - 5,369,778 shares, 2023 - 849,125 shares)	(230)	(23)
Total equity	1,574	1,887
Total liabilities and equity	$3,768	$4,041

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.