10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000908255-17-000023 |
| Period End Date | 20170331 |
| Filing Date | 20170427 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | bwa-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$443.70M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$392.30M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$358.40M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$577.70M | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$1.69B | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$1.93B | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$656.90M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$641.20M | USD | Point-in-time |
| Prepayments and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$157.70M | USD | Point-in-time |
| Prepayments and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$137.40M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.91B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.11B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.55B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.50B | USD | Point-in-time |
| Investments and other long-term receivables |
LongTermInvestments
|
$502.20M | USD | Point-in-time |
| Investments and other long-term receivables |
LongTermInvestments
|
$530.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.70B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.71B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$463.50M | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$455.70M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$729.50M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$753.40M | USD | Point-in-time |
| Total assets |
Assets
|
$8.83B | USD | Point-in-time |
| Total assets |
Assets
|
$9.08B | USD | Point-in-time |
| Notes payable and other short-term debt |
NotesPayableCurrent
|
$175.90M | USD | Point-in-time |
| Notes payable and other short-term debt |
NotesPayableCurrent
|
$255.10M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.84B | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.85B | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$54.80M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$68.60M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.09B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.15B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.04B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.04B | USD | Point-in-time |
| Liability for Asbestos and Environmental Claims, Gross |
LiabilityForAsbestosAndEnvironmentalClaimsGross
|
$827.60M | USD | Point-in-time |
| Liability for Asbestos and Environmental Claims, Gross |
LiabilityForAsbestosAndEnvironmentalClaimsGross
|
$813.80M | USD | Point-in-time |
| Retirement-related liabilities |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$292.00M | USD | Point-in-time |
| Retirement-related liabilities |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$294.10M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$306.70M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$275.70M | USD | Point-in-time |
| Total other non-current liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$1.40B | USD | Point-in-time |
| Total other non-current liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$1.41B | 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
|
$1.10B | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapital
|
$1.08B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$4.37B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$4.22B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-722.10M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-674.20M | 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
|
$1.38B | USD | Point-in-time |
| Common stock held in treasury |
TreasuryStockValue
|
$1.38B | USD | Point-in-time |
| Total BorgWarner Inc. stockholders equity |
StockholdersEquity
|
$3.22B | USD | Point-in-time |
| Total BorgWarner Inc. stockholders equity |
StockholdersEquity
|
$3.40B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$83.60M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$76.30M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.30B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.48B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$9.08B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$8.83B | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueGoodsNet
|
$2.27B | USD | 1 Quarter |
| Net sales |
SalesRevenueGoodsNet
|
$2.41B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$1.89B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$1.80B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$464.30M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$517.30M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$218.80M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$188.40M | USD | 1 Quarter |
| Other expense, net |
OtherOperatingIncomeExpenseNet
|
$-11.70M | USD | 1 Quarter |
| Other expense, net |
OtherOperatingIncomeExpenseNet
|
$-5.80M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$292.70M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$264.20M | USD | 1 Quarter |
| Equity in affiliates earnings, net of tax |
IncomeLossFromEquityMethodInvestments
|
$9.70M | USD | 1 Quarter |
| Equity in affiliates earnings, net of tax |
IncomeLossFromEquityMethodInvestments
|
$9.10M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.60M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$1.50M | USD | 1 Quarter |
| Interest expense and finance charges |
InterestAndDebtExpense
|
$18.00M | USD | 1 Quarter |
| Interest expense and finance charges |
InterestAndDebtExpense
|
$21.30M | USD | 1 Quarter |
| Earnings before income taxes and noncontrolling interest |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$253.60M | USD | 1 Quarter |
| Earnings before income taxes and noncontrolling interest |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$285.90M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$86.30M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$80.40M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$173.20M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$199.60M | 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
|
$10.40M | USD | 1 Quarter |
| Net earnings attributable to BorgWarner Inc. |
NetIncomeLoss
|
$164.10M | USD | 1 Quarter |
| Net earnings attributable to BorgWarner Inc. |
NetIncomeLoss
|
$189.20M | USD | 1 Quarter |
| Earnings per share basic |
EarningsPerShareBasic
|
$0.89 | USD | 1 Quarter |
| Earnings per share basic |
EarningsPerShareBasic
|
$0.75 | USD | 1 Quarter |
| Earnings per share diluted |
EarningsPerShareDiluted
|
$0.89 | USD | 1 Quarter |
| Earnings per share diluted |
EarningsPerShareDiluted
|
$0.75 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
217.39M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
211.60M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
218.14M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
212.24M | shares | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.14 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.13 | USD | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
ProfitLoss
|
$173.20M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$199.60M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$97.30M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$94.40M | USD | 1 Quarter |
| Restructuring expense, net of cash paid |
RestructuringCosts
|
- | USD | 1 Quarter |
| Restructuring expense, net of cash paid |
RestructuringCosts
|
$100.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$9.60M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$13.10M | USD | 1 Quarter |
| Deferred income tax provision |
DeferredIncomeTaxExpenseBenefit
|
$20.60M | 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
|
$-9.50M | USD | 1 Quarter |
| Net earnings adjusted for non-cash charges to operations |
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$285.50M | USD | 1 Quarter |
| Net earnings adjusted for non-cash charges to operations |
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$321.10M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$215.40M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$155.80M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$5.50M | 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
|
$8.70M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-16.30M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-43.60M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-16.50M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-25.80M | USD | 1 Quarter |
| Other non-current assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-1.60M | USD | 1 Quarter |
| Other non-current assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$8.50M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$34.40M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$60.30M | USD | 1 Quarter |
| Capital expenditures, including tooling outlays |
PaymentsToAcquireProductiveAssets
|
$130.90M | USD | 1 Quarter |
| Capital expenditures, including tooling outlays |
PaymentsToAcquireProductiveAssets
|
$104.30M | USD | 1 Quarter |
| Proceeds from asset disposals and other |
PaymentsForProceedsFromProductiveAssets
|
$-1.10M | USD | 1 Quarter |
| Proceeds from asset disposals and other |
PaymentsForProceedsFromProductiveAssets
|
$300.00K | USD | 1 Quarter |
| Payment for venture capital investment |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Payment for venture capital investment |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$1.50M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-103.20M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-132.70M | USD | 1 Quarter |
| Net increase in notes payable |
ProceedsFromRepaymentsOfNotesPayable
|
$19.70M | USD | 1 Quarter |
| Net increase in notes payable |
ProceedsFromRepaymentsOfNotesPayable
|
$74.40M | USD | 1 Quarter |
| Repayments of long-term debt, including current portion |
RepaymentsOfLongTermDebt
|
$6.40M | USD | 1 Quarter |
| Repayments of long-term debt, including current portion |
RepaymentsOfLongTermDebt
|
$8.70M | USD | 1 Quarter |
| Payments for purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$31.00M | USD | 1 Quarter |
| Payments for purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$79.50M | USD | 1 Quarter |
| Payments for stock-based compensation items |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-7.60M | USD | 1 Quarter |
| Payments for stock-based compensation items |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-1.30M | USD | 1 Quarter |
| Dividends paid to BorgWarner stockholders |
PaymentsOfDividendsCommonStock
|
$29.70M | 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
|
$21.80M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-15.80M | USD | 1 Quarter |
| Net cash used in 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
|
$2.90M | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-85.30M | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-185.40M | USD | 1 Quarter |
| Cash at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$443.70M | USD | Point-in-time |
| Cash at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$392.30M | USD | Point-in-time |
| Cash at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$358.40M | USD | Point-in-time |
| Cash at beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$577.70M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$443.70M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$392.30M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$358.40M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$577.70M | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$31.90M | 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
|
$78.50M | 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
|
$189.20M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$49.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$68.40M | USD | 1 Quarter |
| Hedge instruments |
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
$-1.20M | USD | 1 Quarter |
| Hedge instruments |
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
$1.70M | USD | 1 Quarter |
| Defined benefit postretirement plans |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-100.00K | USD | 1 Quarter |
| Defined benefit postretirement plans |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$200.00K | USD | 1 Quarter |
| Other |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
- | USD | 1 Quarter |
| Other |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$-500.00K | USD | 1 Quarter |
| Total other comprehensive income attributable to BorgWarner Inc. |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$47.90M | USD | 1 Quarter |
| Total other comprehensive income attributable to BorgWarner Inc. |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$69.40M | USD | 1 Quarter |
| Comprehensive income attributable to BorgWarner Inc. |
ComprehensiveIncomeNetOfTax
|
$233.50M | USD | 1 Quarter |
| Comprehensive income attributable to BorgWarner Inc. |
ComprehensiveIncomeNetOfTax
|
$237.10M | USD | 1 Quarter |
| Comprehensive income attributable to the noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-1.60M | USD | 1 Quarter |
| Comprehensive income attributable to the noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-4.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$241.10M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$235.10M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.