BorgWarner Inc. (BWA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 152M | 619M | 368M | 579M | 82M | 679M | 347M | 454M | -128M | 799M | 242M | 280M | -12M | 890M | 347M | 216M | 116M | 542M | 142M | 280M |
| Operating CF Margin % | 4.3% | 17.32% | 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% | 4.16% | 7.45% |
| Operating CF Growth % | 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% | -70.48% | 337.5% |
| Net Income | 242M | -241M | 173M | -171M | 171M | -403M | 242M | 343M | 213M | 149M | 87M | 228M | 168M | 279M | 292M | 231M | 224M | 154M | 117M | 274M |
| Depreciation & Amortization | 145M | 166M | 219M | -155M | 155M | 178M | 185M | 160M | 150M | 155M | 58M | 142M | 142M | 178M | 178M | 185M | 180M | 187M | 195M | 195M |
| Stock-Based Compensation | 0 | 14M | 19M | -32M | 14M | 0 | 0 | 11M | 18M | 0 | 0 | 0 | 0 | 32M | 15M | 16M | 12M | 20M | 15M | 15M |
| Deferred Taxes | -14M | -60M | -33M | 24M | -24M | -77M | -47M | -23M | -9M | -63M | 79M | -48M | -2M | -44M | 5M | -18M | -8M | -79M | -2M | -35M |
| Other Non-Cash Items | 24M | 587M | 19M | 756M | 81M | 664M | -6M | 5M | 1M | 88M | 8M | 117M | -17M | 52M | 15M | -1M | 10M | 38M | 108M | 69M |
| Working Capital Changes | -245M | 153M | -29M | 157M | -315M | 317M | -27M | -42M | -501M | 470M | 10M | -159M | -303M | 393M | -158M | -197M | -302M | 222M | -291M | -238M |
| Change in Receivables | -146M | 307M | -104M | 54M | -255M | 226M | 0 | 146M | -229M | 285M | -219M | -300M | -159M | 162M | -373M | -71M | -282M | -14M | 113M | 132M |
| Change in Inventory | -5M | 27M | -18M | 35M | 61M | 85M | -9M | -5M | -40M | 54M | 36M | -34M | -77M | 43M | -64M | -70M | -124M | 114M | -122M | -156M |
| Change in Payables | -45M | 0 | 68M | 50M | -141M | 15M | -38M | -58M | -211M | 74M | 223M | 169M | -85M | 0 | 238M | -59M | 0 | 0 | 0 | 0 |
| Cash from Investing | -130M | -122M | -88M | -64M | -94M | -143M | -147M | -138M | -175M | -141M | -16M | -254M | -282M | -732M | -298M | -134M | -254M | -157M | -139M | -914M |
| Capital Expenditures | -143M | -133M | -111M | 119M | -119M | -161M | -155M | -165M | -190M | -208M | -104M | -200M | -239M | -212M | -180M | -154M | -177M | -172M | -152M | -147M |
| CapEx % of Revenue | 4.05% | 3.72% | 3.09% | 3.27% | 3.39% | 4.68% | 4.5% | 4.58% | 5.29% | 5.91% | 2.87% | 5.45% | 7.06% | 6.39% | 5.58% | 4.1% | 4.57% | 4.71% | 4.45% | 3.91% |
| Acquisitions | 0 | 0 | 0 | 0 | 11M | 1M | 1M | 7M | 3M | -39M | -1M | -27M | -18M | -22M | -131M | 0 | -132M | 22M | 0 | -759M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4M | 11M | 13M | -179M | 2M | 25M | -3M | 0 | 0 | -115M | 26M | -27M | -38M | -471M | 4M | -26M | 13M | 8M | 11M | -3M |
| Cash from Financing | -218M | -363M | -147M | -209M | -397M | -417M | 492M | -59M | -183M | -156M | -71M | -103M | -90M | -74M | -145M | -153M | -195M | -64M | -59M | 460M |
| Debt Issued (Net) | -2M | -3M | -3M | -57M | -351M | -342M | 829M | -1M | -12M | 7M | -439M | -1M | -1M | -1M | -3M | -2M | -2M | 12M | 15M | 549M |
| Equity Issued (Net) | -150M | -298M | -102M | -108M | 0 | -1M | -301M | 0 | -100M | -177M | 0 | 0 | 0 | 0 | -100M | -100M | -40M | 0 | 0 | 0 |
| Dividends Paid | -35M | -35M | -36M | -24M | -24M | -24M | -24M | -25M | -25M | -25M | -26M | -40M | -39M | -40M | -39M | -41M | -41M | -40M | -41M | -41M |
| Share Repurchases | -150M | -298M | -102M | -108M | 0 | -1M | -301M | 0 | -100M | -177M | 0 | 0 | 0 | 0 | -100M | -100M | -40M | 0 | 0 | 0 |
| Other Financing | -31M | -27M | -6M | -20M | -22M | -50M | -12M | -33M | -46M | 39M | 394M | -62M | -50M | -33M | -3M | -10M | -112M | -36M | -33M | -48M |
| Net Change in Cash | -203M | 141M | 131M | 334M | -387M | 94M | 712M | 251M | -497M | 585M | 101M | -102M | -133M | 97M | -149M | -114M | -340M | 334M | -58M | -187M |
| Free Cash Flow | 9M | 486M | 257M | 698M | -37M | 518M | 192M | 289M | -318M | 591M | 138M | 80M | -251M | 678M | 167M | 62M | -61M | 370M | -10M | 133M |
| FCF Margin % | 0.25% | 13.6% | 7.16% | 19.19% | -1.05% | 15.07% | 5.57% | 8.02% | -8.85% | 16.78% | 3.81% | 2.18% | -7.42% | 20.44% | 5.18% | 1.65% | -1.57% | 10.13% | -0.29% | 3.54% |
| FCF Growth % | 124.32% | -6.18% | 33.85% | 141.52% | 88.36% | -12.35% | 39.13% | 261.25% | -26.69% | -12.83% | -17.37% | 29.03% | -311.48% | 83.24% | 1770% | -53.38% | -142.07% | 89.74% | -102.69% | 1230% |
| FCF per Share | 0.04 | 2.28 | 1.19 | 3.20 | -0.17 | 2.36 | 0.86 | 1.27 | -1.39 | 2.53 | 0.59 | 0.34 | -1.07 | 2.89 | 0.71 | 0.26 | -0.26 | 1.54 | -0.04 | 0.56 |
| FCF Conversion (FCF/Net Income) | 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 | 1.48x | 1.13x |
| Interest Paid | 0 | 15M | 57M | 12M | 49M | 25M | 96M | 39M | 31M | 0 | 0 | 0 | 0 | 38M | 36M | 32M | 27M | 37M | 39M | 29M |
| Taxes Paid | 0 | 104M | 80M | 105M | 83M | 138M | 71M | 104M | 93M | 0 | 0 | 0 | 0 | 68M | 33M | 75M | 96M | 71M | 86M | 110M |