BorgWarner Inc. (BWA) quarterly cash flow statement — complete operating, investing & financing history
BorgWarner Inc. (BWA) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 320M | 586M | 152M | 619M | 368M | 579M | 82M | 679M | 347M | 454M | -128M | 799M | 242M | 280M | -12M | 890M | 347M | 216M | 116M | 542M |
| Operating CF Margin % | 9.18% | 16.06% | 4.3% | 17.33% | 10.25% | 15.92% | 2.33% | 19.76% | 10.06% | 12.6% | -3.56% | 22.69% | 6.68% | 7.63% | -0.35% | 26.83% | 10.76% | 5.75% | 2.99% | 14.83% |
| Operating CF Growth % | -13.04% | 1.21% | 85.37% | -8.84% | 6.05% | 27.53% | 164.06% | -15.02% | 43.39% | 62.14% | -966.67% | -10.22% | -30.26% | 29.63% | -110.34% | 64.21% | 144.37% | -22.86% | -66.08% | 44.15% |
| Net Income | 233M | 291M | 255M | -241M | 173M | 232M | 171M | -386M | 257M | 343M | 213M | 149M | 87M | 228M | 168M | 279M | 292M | 231M | 224M | 154M |
| Depreciation & Amortization | 153M | 145M | 145M | 166M | 219M | 179M | 155M | 178M | 185M | 160M | 150M | 155M | 58M | 142M | 142M | 178M | 178M | 185M | 180M | 187M |
| Stock-Based Compensation | 0 | 16M | 10M | 14M | 19M | 19M | 14M | 16M | 17M | 11M | 18M | 0 | 0 | 0 | 0 | 32M | 15M | 16M | 12M | 20M |
| Deferred Taxes | 0 | -18M | -14M | -60M | -33M | -16M | -24M | -77M | -47M | -23M | -9M | -63M | 79M | -48M | -2M | -44M | 5M | -18M | -8M | -79M |
| Other Non-Cash Items | -157M | -5M | 4M | 587M | 19M | 8M | 81M | 589M | -38M | 9M | 1M | 88M | 8M | 117M | -17M | 52M | 15M | -1M | 10M | 38M |
| Working Capital Changes | 91M | 157M | -248M | 153M | -29M | 157M | -315M | 362M | -27M | -46M | -501M | 470M | 10M | -159M | -303M | 393M | -158M | -197M | -302M | 222M |
| Change in Receivables | 118M | 28M | -146M | 307M | -104M | 54M | -255M | 226M | 0 | 146M | -229M | 285M | -219M | -300M | -159M | 162M | -373M | -71M | -282M | -14M |
| Change in Inventory | 43M | -38M | -5M | 27M | -18M | 35M | 61M | 85M | -9M | -5M | -40M | 54M | 36M | -34M | -77M | 43M | -64M | -70M | -124M | 114M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -211M | 74M | 223M | 169M | -85M | 0 | 238M | -59M | 0 | 0 |
| Cash from Investing | -115M | -95M | -130M | -122M | -88M | -64M | -94M | -143M | -147M | -138M | -175M | -141M | -16M | -254M | -282M | -732M | -298M | -134M | -254M | -157M |
| Capital Expenditures | -125M | -96M | -143M | -133M | -111M | -77M | -119M | -143M | -155M | -165M | -190M | -208M | -104M | -200M | -239M | -212M | -180M | -154M | -177M | -172M |
| CapEx % of Revenue | 3.58% | 2.63% | 4.05% | 3.72% | 3.09% | 2.12% | 3.39% | 4.16% | 4.5% | 4.58% | 5.29% | 5.91% | 2.87% | 5.45% | 7.06% | 6.39% | 5.58% | 4.1% | 4.57% | 4.71% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 7M | 0 | 0 | 1M | 5M | 3M | -39M | -1M | -27M | -18M | -22M | -131M | 0 | -132M | 22M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 10M | 1M | 4M | 11M | 13M | 10M | 13M | 1M | 0 | -2M | 0 | -115M | 26M | -27M | -38M | -471M | 4M | -26M | 13M | 8M |
| Cash from Financing | -1.08B | -150M | -218M | -363M | -147M | -209M | -397M | -417M | 492M | -59M | -183M | -156M | -71M | -103M | -90M | -74M | -145M | -153M | -195M | -64M |
| Debt Issued (Net) | -858M | -1M | -2M | -3M | -3M | -57M | -351M | -342M | 838M | -1M | -12M | 7M | -439M | -1M | -1M | -1M | -3M | -2M | -2M | 12M |
| Equity Issued (Net) | -175M | -100M | -178M | -298M | -106M | -108M | -18M | -1M | -301M | 0 | -100M | -177M | 0 | 0 | 0 | 0 | -100M | -100M | -40M | 0 |
| Dividends Paid | -35M | -34M | -35M | -35M | -36M | -24M | -24M | -24M | -24M | -25M | -25M | -25M | -26M | -40M | -39M | -40M | -39M | -41M | -41M | -40M |
| Share Repurchases | -175M | -100M | -150M | -298M | -102M | -108M | 0 | -1M | -301M | 0 | -100M | -177M | 0 | 0 | 0 | 0 | -100M | -100M | -40M | 0 |
| Other Financing | -10M | -15M | -3M | -27M | -2M | -20M | -4M | -50M | -21M | -33M | -46M | 39M | 394M | -62M | -50M | -33M | -3M | -10M | -112M | -36M |
| Net Change in Cash | -865M | 338M | -203M | 141M | 131M | 334M | -387M | 94M | 712M | 251M | -497M | 585M | 101M | -102M | -133M | 97M | -149M | -114M | -340M | 334M |
| Free Cash Flow | 195M | 490M | 9M | 486M | 257M | 502M | -37M | 539M | 192M | 289M | -318M | 591M | 138M | 80M | -251M | 678M | 167M | 62M | -61M | 370M |
| FCF Margin % | 5.59% | 13.43% | 0.25% | 13.61% | 7.16% | 13.8% | -1.05% | 15.68% | 5.57% | 8.02% | -8.85% | 16.78% | 3.81% | 2.18% | -7.42% | 20.44% | 5.18% | 1.65% | -1.57% | 10.13% |
| FCF Growth % | -24.12% | -2.39% | 124.32% | -9.83% | 33.85% | 73.7% | 88.36% | -8.8% | 39.13% | 261.25% | -26.69% | -12.83% | -17.37% | 29.03% | -311.48% | 83.24% | 1770% | -53.38% | -142.07% | 89.74% |
| FCF per Share | 0.95 | 2.36 | 0.04 | 2.25 | 1.19 | 2.30 | -0.17 | 2.46 | 0.86 | 1.27 | -1.39 | 2.53 | 0.59 | 0.34 | -1.07 | 2.89 | 0.71 | 0.26 | -0.26 | 1.54 |
| FCF Conversion (FCF/Net Income) | 1.45x | 2.12x | 0.63x | -2.36x | 2.33x | 2.58x | 0.52x | -1.68x | 1.48x | 1.50x | -0.62x | 5.19x | 4.84x | 1.37x | -0.06x | 3.49x | 1.27x | 1.00x | 0.58x | 4.20x |
| Interest Paid | 0 | 12M | 42M | 15M | 57M | 12M | 49M | 25M | 26M | 39M | 31M | 0 | 0 | 0 | 0 | 38M | 36M | 32M | 27M | 37M |
| Taxes Paid | 0 | 89M | 101M | 104M | 80M | 105M | 83M | 138M | 71M | 104M | 93M | 0 | 0 | 0 | 0 | 68M | 33M | 75M | 96M | 71M |