Docoh
Loading...

BWA BorgWarner

BorgWarner, Inc. engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Engine and Drivetrain. The Engine segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance. The Drivetrain segment focuses in the products that improve fuel economy, reduce emissions, and enhance performance in combustion, hybrid and electric vehicles. The company was founded in 1928 and is headquartered in Auburn Hills, MI.

Company profile

Ticker
BWA
Exchange
CEO
Frederic Lissalde
Employees
Incorporated
Location
Fiscal year end
Former names
BORG WARNER AUTOMOTIVE INC
SEC CIK
IRS number
133404508

BWA stock data

(
)

Calendar

22 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from BorgWarner earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.65B 1.65B 1.65B 1.65B 1.65B 1.65B
Cash burn (monthly) 157M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 542.49M n/a n/a n/a n/a n/a
Cash remaining 1.11B n/a n/a n/a n/a n/a
Runway (months of cash) 7.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Kevin Nowlan Common Stock Payment of exercise Dispose F No No 46.3 9,477 438.79K 112,139.03
29 Mar 21 Craig Aaron Common Stock Grant Aquire A No No 0 3,224 0 14,355.86
29 Mar 21 Joseph F. Fadool Common Stock Grant Aquire A No No 0 25,440 0 140,141.43
29 Mar 21 Brady D Ericson Common Stock Grant Aquire A No No 0 14,850 0 44,549.11
29 Mar 21 Stefan Demmerle Common Stock Grant Aquire A No No 0 22,432 0 132,477.04

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

4.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 517 -99.8%
Opened positions 0 83 EXIT
Closed positions 516 59 +774.6%
Increased positions 1 172 -99.4%
Reduced positions 0 189 EXIT
13F shares
Current Prev Q Change
Total value 388.42M 8.39B -95.4%
Total shares 10.05M 210.62M -95.2%
Total puts 0 636.8K EXIT
Total calls 0 729.67K EXIT
Total put/call ratio 0.9
Largest owners
Shares Value Change
Diamond Hill Capital Management 10.05M $388.42M +0.9%
Largest transactions
Shares Bought/sold Change
Vanguard 0 -22.26M EXIT
BLK Blackrock 0 -15.5M EXIT
FMR 0 -14.79M EXIT
STT State Street 0 -9.61M EXIT
Victory Capital Management 0 -8.57M EXIT
Harris Associates L P 0 -6.58M EXIT
Dimensional Fund Advisors 0 -6.04M EXIT
Black Creek Investment Management 0 -5.12M EXIT
LSV Asset Management 0 -4.53M EXIT
Alecta Pensionsforsakring, Omsesidigt 0 -4.15M EXIT

Financial report summary

?
Competition
Magna InternationalStoneridgeDensoDENSO
Management Discussion
  • A detailed comparison of the Company’s 2018 operating results to its 2019 operating results can be found in the Management’s Discussion and Analysis of Financial Condition and Results of Operations section in the Company’s 2019 Annual Report on Form 10-K filed February 13, 2020.
  • Net sales for the year ended December 31, 2020 totaled $10,165 million, approximately the same as net sales for the year ended December 31, 2019. During the three months ended December 31, 2020, the Delphi Technologies acquisition increased revenues by $1,120 million. Excluding this revenue, total net sales declined by 11% as compared to the year ended December 31, 2019. Excluding the impact of weaker foreign currencies, primarily the Euro, and the net impact of the Delphi Technologies acquisition, net sales decreased approximately 11%, primarily due to COVID-19 related production slowdowns and shutdowns during the first six months of 2020, partially offset by stronger sales in China.
  • Cost of sales as a percentage of net sales was 81.2% and 79.3% in the years ended December 31, 2020 and 2019, respectively. Cost of sales associated with Delphi Technologies for the three months ended December 31, 2020 was approximately $900 million. Excluding the impact of the acquisition of Delphi Technologies, cost of sales decreased primarily due to lower sales. The Company's material cost of sales was approximately 57% and 55% of net sales in the years ended December 31, 2020 and 2019, respectively. Gross profit as a percentage of net sales was 18.8% and 20.7% in the years ended December 31, 2020 and 2019, respectively. The reduction of gross margin in 2020 compared to 2019 was primarily due to the impact of the COVID-19 pandemic. In response to the COVID-19 pandemic, the Company took numerous steps to eliminate costs; however, certain fixed costs could not be reduced on a temporary basis, which led to a higher cost of sales as a percentage of sales as compared to the year ended December 31, 2019. In addition, the $27 million related to the fair value adjustment of inventories acquired had an unfavorable impact on gross margin and, to a lesser extent, certain lower margin business related to the acquisition of Delphi Technologies.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: ABB, accident, admitting, agent, agile, aimed, AKASOL, al, Alex, Aptiv, archived, area, array, Ashmore, aspire, attention, attrition, Autoliv, belonging, BLS, bond, brightest, broader, Bureau, career, Carey, Carolina, CDS, celebrating, charger, civil, concurrent, constantly, consummated, contrary, contributory, counterparty, cultivate, culture, Daniel, Davide, dedicated, dedication, deep, default, Delinquent, denying, desist, dignity, distancing, District, DT, earliest, efficacy, enterprise, entry, ERISA, Etue, Farrell, female, fiduciary, Force, foremost, formal, fractional, freedom, GDi, Girelli, headcount, highway, Hitachi, incorrect, inestimable, influence, injection, inspire, interaction, iv, journey, lawsuit, legacy, lender, lieu, lifecycle, live, loan, Luxembourg, Magna, mandatorily, methodology, metric, momentum, nominal, Nyiradi, obsolescence, outbreak, pandemic, par, parent, Paul, penalty, physical, pipeline, PowerDrive, preserving, prioritized, proactively, promptly, proportionate, psychological, purpose, putative, quantifying, quarantine, quartile, rail, recession, recourse, recruitment, relief, remote, reopening, repaid, reshape, residual, restart, RMG, routine, sanitation, scalable, schedule, Scheme, Seneca, Sentiment, situation, smart, spirit, spread, stakeholder, Stefan, strain, struck, suite, surfaced, suspected, suspended, takeover, Task, temperature, temporarily, thrive, top, tornado, Traffic, travel, TRW, unasserted, uncollectible, undertaken, undrawn, unknown, validly, viewed, violated, vitally, Vitesco, Volker, wear, Women, workplace, write, Wuhan
Removed: absence, Actuator, airflow, alleged, approve, automated, awarding, bad, BERU, Bradford, British, Bulletin, buyer, Cadillac, cam, camshaft, Caterpillar, CEH, Centrifugal, Chennai, Chrysler, classification, clutching, Codification, collection, commonly, conventional, Conversely, converting, coolant, cooling, crankshaft, credible, DCT, Deere, delay, Deutz, discontinued, dismissed, distribute, doubtful, Driveline, DualTronic, dynamic, EBITDA, EGR, eliminating, emission, enabling, England, evolve, exceeding, fan, FCA, FCC, featured, Fiat, Foundation, front, FWD, gearbox, GKN, globalization, glow, heavy, Horton, Hungary, IHI, Indian, Indiana, initiation, insignificant, installation, installed, instant, Ithaca, John, JTEKT, Kirchheimbolanden, KK, launched, leave, locate, lock, macro, Mahle, MAN, manual, marketed, McGill, Mine, Navistar, PDS, point, polymer, positioning, Pound, precisely, producer, provisional, pure, pursuing, quantitatively, Ram, rear, recirculation, reconsidered, relation, remanufacture, remanufactured, remanufacturer, Remy, retrospective, revaluation, saleable, settle, Sevcon, smooth, speed, storage, successive, sufficiency, telecom, tested, TOD, today, TorqTransfer, traction, translational, UK, uninterrupted, USA, Usui, utility, Valeo, VCT, vote, weakening, Weichai, wholly, withdrawn