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10-Q Filing

BORGWARNER INC CIK: 908255 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000908255-16-000109
Period End Date 20160331
Filing Date 20160428
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance bwa-20160331.xml
Filing Contents
Balance Sheet 60 line items
Line Item Tag Value Unit Period
Cash CashAndCashEquivalentsAtCarryingValue $797.80M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $1.04B USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $577.70M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $392.30M USD Point-in-time
Receivables, net ReceivablesNetCurrent $1.67B USD Point-in-time
Receivables, net ReceivablesNetCurrent $1.86B USD Point-in-time
Inventories, net InventoryNet $723.60M USD Point-in-time
Inventories, net InventoryNet $756.30M USD Point-in-time
Prepayments and other current assets PrepaidExpenseAndOtherAssetsCurrent $172.60M USD Point-in-time
Prepayments and other current assets PrepaidExpenseAndOtherAssetsCurrent $168.90M USD Point-in-time
Total current assets AssetsCurrent $3.18B USD Point-in-time
Total current assets AssetsCurrent $3.14B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.50B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.45B USD Point-in-time
Investments and other long-term receivables LongTermInvestments $460.90M USD Point-in-time
Investments and other long-term receivables LongTermInvestments $487.70M USD Point-in-time
Goodwill Goodwill $1.77B USD Point-in-time
Goodwill Goodwill $1.76B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $543.80M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $539.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $480.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $458.50M USD Point-in-time
Total assets Assets $8.83B USD Point-in-time
Total assets Assets $8.94B USD Point-in-time
Notes payable and other short-term debt NotesPayableCurrent $441.40M USD Point-in-time
Notes payable and other short-term debt NotesPayableCurrent $466.50M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $1.82B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $1.87B USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $24.50M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $49.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.31B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.36B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.13B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.11B USD Point-in-time
Retirement-related liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $313.60M USD Point-in-time
Retirement-related liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $312.90M USD Point-in-time
Other OtherLiabilitiesNoncurrent $423.70M USD Point-in-time
Other OtherLiabilitiesNoncurrent $415.20M USD Point-in-time
Total other non-current liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $728.10M USD Point-in-time
Total other non-current liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $737.30M USD Point-in-time
Common stock CommonStockValue $2.50M USD Point-in-time
Common stock CommonStockValue $2.50M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $1.09B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $1.11B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.21B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $4.35B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-383.60M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-616.90M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-610.20M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-540.80M USD Point-in-time
Common stock held in treasury TreasuryStockValue $1.16B USD Point-in-time
Common stock held in treasury TreasuryStockValue $1.20B USD Point-in-time
Total BorgWarner Inc. stockholders equity StockholdersEquity $3.69B USD Point-in-time
Total BorgWarner Inc. stockholders equity StockholdersEquity $3.55B USD Point-in-time
Noncontrolling interest MinorityInterest $77.80M USD Point-in-time
Noncontrolling interest MinorityInterest $67.90M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.63B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.76B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $8.83B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $8.94B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $1.98B USD 1 Quarter
Net sales SalesRevenueGoodsNet $2.27B USD 1 Quarter
Cost of sales CostOfGoodsSold $1.56B USD 1 Quarter
Cost of sales CostOfGoodsSold $1.80B USD 1 Quarter
Gross profit GrossProfit $464.30M USD 1 Quarter
Gross profit GrossProfit $429.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $168.20M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $188.40M USD 1 Quarter
Other expense, net OtherOperatingIncomeExpenseNet $-1.20M USD 1 Quarter
Other expense, net OtherOperatingIncomeExpenseNet $-11.70M USD 1 Quarter
Operating income OperatingIncomeLoss $259.60M USD 1 Quarter
Operating income OperatingIncomeLoss $264.20M USD 1 Quarter
Equity in affiliates earnings, net of tax IncomeLossFromEquityMethodInvestments $9.10M USD 1 Quarter
Equity in affiliates earnings, net of tax IncomeLossFromEquityMethodInvestments $8.50M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.60M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.70M USD 1 Quarter
Interest expense and finance charges InterestAndDebtExpense $21.30M USD 1 Quarter
Interest expense and finance charges InterestAndDebtExpense $10.00M USD 1 Quarter
Earnings before income taxes and noncontrolling interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $253.60M USD 1 Quarter
Earnings before income taxes and noncontrolling interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $259.80M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $72.10M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $80.40M USD 1 Quarter
Net earnings ProfitLoss $173.20M USD 1 Quarter
Net earnings ProfitLoss $187.70M USD 1 Quarter
Net earnings attributable to the noncontrolling interest, net of tax NetIncomeLossAttributableToNoncontrollingInterest $9.10M USD 1 Quarter
Net earnings attributable to the noncontrolling interest, net of tax NetIncomeLossAttributableToNoncontrollingInterest $8.80M USD 1 Quarter
Net earnings attributable to BorgWarner Inc. NetIncomeLoss $164.10M USD 1 Quarter
Net earnings attributable to BorgWarner Inc. NetIncomeLoss $178.90M USD 1 Quarter
Earnings per share basic EarningsPerShareBasic $0.75 USD 1 Quarter
Earnings per share basic EarningsPerShareBasic $0.79 USD 1 Quarter
Earnings per share diluted EarningsPerShareDiluted $0.75 USD 1 Quarter
Earnings per share diluted EarningsPerShareDiluted $0.79 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 217.39M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 225.80M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 227.09M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 218.14M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.13 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.13 USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $173.20M USD 1 Quarter
Net earnings ProfitLoss $187.70M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $77.10M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $94.40M USD 1 Quarter
Restructuring expense, net of cash paid RestructuringCosts $100.00K USD 1 Quarter
Restructuring expense, net of cash paid RestructuringCosts $8.10M USD 1 Quarter
Gain on previously held equity interest BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss - USD 1 Quarter
Gain on previously held equity interest BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss $10.80M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.60M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $10.90M USD 1 Quarter
Deferred income tax provision DeferredIncomeTaxExpenseBenefit $10.40M USD 1 Quarter
Deferred income tax provision DeferredIncomeTaxExpenseBenefit $23.90M USD 1 Quarter
Equity in affiliates earnings, net of dividends received, and other EquityInAffiliatesEarningsNetOfDividendsReceivedAndOther $-15.70M USD 1 Quarter
Equity in affiliates earnings, net of dividends received, and other EquityInAffiliatesEarningsNetOfDividendsReceivedAndOther $-9.80M USD 1 Quarter
Net earnings adjusted for non-cash charges to operations AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $273.60M USD 1 Quarter
Net earnings adjusted for non-cash charges to operations AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $285.50M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $202.10M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $155.80M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $30.60M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $17.90M USD 1 Quarter
Prepayments and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-500.00K USD 1 Quarter
Prepayments and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $9.80M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-43.60M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $32.50M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-7.80M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-25.80M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $8.50M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $23.10M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $32.70M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $34.40M USD 1 Quarter
Capital expenditures, including tooling outlays PaymentsToAcquireProductiveAssets $104.30M USD 1 Quarter
Capital expenditures, including tooling outlays PaymentsToAcquireProductiveAssets $140.00M USD 1 Quarter
Payment for business acquired, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Payment for business acquired, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $12.60M USD 1 Quarter
Proceeds from asset disposals and other ProceedsFromSaleOfProductiveAssets $1.10M USD 1 Quarter
Proceeds from asset disposals and other ProceedsFromSaleOfProductiveAssets $800.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-151.80M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-103.20M USD 1 Quarter
Net increase (decrease) in notes payable ProceedsFromRepaymentsOfNotesPayable $-512.30M USD 1 Quarter
Net increase (decrease) in notes payable ProceedsFromRepaymentsOfNotesPayable $19.70M USD 1 Quarter
Additions to long-term debt, net of debt issuance costs ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Additions to long-term debt, net of debt issuance costs ProceedsFromIssuanceOfLongTermDebt $1.01B USD 1 Quarter
Repayments of long-term debt, including current portion RepaymentsOfLongTermDebt $8.70M USD 1 Quarter
Repayments of long-term debt, including current portion RepaymentsOfLongTermDebt $3.10M USD 1 Quarter
Payments for purchase of treasury stock PaymentsForRepurchaseOfCommonStock $79.50M USD 1 Quarter
Payments for purchase of treasury stock PaymentsForRepurchaseOfCommonStock $33.70M USD 1 Quarter
Payments for stock-based compensation items ProceedsFromPaymentsForOtherFinancingActivities $-7.60M USD 1 Quarter
Payments for stock-based compensation items ProceedsFromPaymentsForOtherFinancingActivities $-1.60M USD 1 Quarter
Dividends paid to BorgWarner stockholders PaymentsOfDividendsCommonStock $29.40M USD 1 Quarter
Dividends paid to BorgWarner stockholders PaymentsOfDividendsCommonStock $28.20M USD 1 Quarter
Dividends paid to noncontrolling stockholders PaymentsOfDividendsMinorityInterest $20.50M USD 1 Quarter
Dividends paid to noncontrolling stockholders PaymentsOfDividendsMinorityInterest $15.90M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $416.80M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-124.80M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $8.20M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-60.00M USD 1 Quarter
Net (decrease) increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-185.40M USD 1 Quarter
Net (decrease) increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $237.70M USD 1 Quarter
Cash at beginning of year CashAndCashEquivalentsAtCarryingValue $797.80M USD Point-in-time
Cash at beginning of year CashAndCashEquivalentsAtCarryingValue $1.04B USD Point-in-time
Cash at beginning of year CashAndCashEquivalentsAtCarryingValue $577.70M USD Point-in-time
Cash at beginning of year CashAndCashEquivalentsAtCarryingValue $392.30M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $797.80M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $1.04B USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $577.70M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $392.30M USD Point-in-time
Interest InterestPaidNet $12.80M USD 1 Quarter
Interest InterestPaidNet $29.30M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $84.40M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $50.00M USD 1 Quarter
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net earnings attributable to BorgWarner Inc. NetIncomeLoss $164.10M USD 1 Quarter
Net earnings attributable to BorgWarner Inc. NetIncomeLoss $178.90M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-249.80M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $68.40M USD 1 Quarter
Hedge instruments OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $1.70M USD 1 Quarter
Hedge instruments OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $4.20M USD 1 Quarter
Defined benefit postretirement plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $200.00K USD 1 Quarter
Defined benefit postretirement plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-12.30M USD 1 Quarter
Other OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent - USD 1 Quarter
Other OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-500.00K USD 1 Quarter
Total other comprehensive income (loss) attributable to BorgWarner Inc. OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-233.30M USD 1 Quarter
Total other comprehensive income (loss) attributable to BorgWarner Inc. OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $69.40M USD 1 Quarter
Comprehensive income (loss) attributable to BorgWarner Inc. ComprehensiveIncomeNetOfTax $-54.40M USD 1 Quarter
Comprehensive income (loss) attributable to BorgWarner Inc. ComprehensiveIncomeNetOfTax $233.50M USD 1 Quarter
Comprehensive income attributable to the noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.60M USD 1 Quarter
Comprehensive income attributable to the noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-100.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-54.30M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $235.10M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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