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BorgWarner BWA Drivetrain & Battery Systems — Restructuring expense, net of cash paid

Discontinued — last reported Q2 '24

Other segment segments

Turbos & Thermal Technologies
$9M+28.6%
Battery Energy Systems
$4M-33.3%
Drivetrain & Morse Systems
$4M+300%
PowerDrive Systems
-$1M-106%

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EXPEB2B — Restructuring and related reorganization charges, excluding stock-based compensation
$0
VMI
VMIOther/ Corporate — Restructuring Charges
$501.25K0.0%

Other financials

Income statement

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Revenue$3.5B+0.5%
Gross profit$677.0M+5.9%
Operating income$336.0M+41.8%
Net income$242.0M+54.1%
EPS (diluted)$1.16+61.1%

Balance sheet

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Cash & equivalents$2.3B+10.5%
Total debt$4.1B+2.1%
Total equity$5.5B-4.2%
Total assets$13.7B-1.3%

Cash flow

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Operating cash flow$152.0M+85.4%
CapEx$143.0M+20.2%
Free cash flow$9.0M+124%

Valuation

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Market cap$14.74B+77.6%
P/E18.9×-7.9×
P/S+0.4×

Profitability

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Gross margin18.9%0.0pp
Operating margin8.1%-0.1pp
Net margin6.3%+1.1pp
FCF margin8.5%+1.5pp

Returns & leverage

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Return on equity15%+3.5pp
Debt / equity0.7×0.0×
Current ratio2.1×+0.2×

Where this comes from

Reported directly by BorgWarner in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCosts.

The official record: BorgWarner’s 10-Q, filed July 31, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is BorgWarner's drivetrain & battery systems — restructuring expense, net of cash paid?
BorgWarner (BWA) reported drivetrain & battery systems — restructuring expense, net of cash paid of $0 in Q2 2024.
What is the long-term trend for BorgWarner's drivetrain & battery systems — restructuring expense, net of cash paid?
Over 2 years (2021 to 2023), BorgWarner's drivetrain & battery systems — restructuring expense, net of cash paid has grown at a -70.8% compound annual growth rate (CAGR), from $47M to $4M.
What does drivetrain & battery systems — restructuring expense, net of cash paid mean?
Net costs incurred from reorganizing the business segment.
How do you interpret drivetrain & battery systems — restructuring expense, net of cash paid?
High expenses may signal operational distress or a major strategic pivot, while declining expenses suggest successful completion of efficiency initiatives.
How does drivetrain & battery systems — restructuring expense, net of cash paid compare across companies?
Commonly reported as a special item or non-recurring expense across industrial peers.