Magna International (MG.TO) Financial Statements
Price: $53.12
Market Cap: $14.96B
Avg Volume: 1.64M
Market Cap: $14.96B
Avg Volume: 1.64M
Country: CA
Industry: Auto - Parts
Sector: Consumer Cyclical
Industry: Auto - Parts
Sector: Consumer Cyclical
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Magna International.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.80B | $37.84B | $36.24B | $32.65B | $39.43B | $40.83B | $38.95B | $36.45B | $32.13B | $36.64B |
| Cost of Revenue | $37.19B | $33.19B | $31.10B | $28.21B | $34.02B | $35.05B | $33.26B | $31.12B | $27.56B | $31.62B |
| Gross Profit | $5.61B | $4.65B | $5.14B | $4.44B | $5.41B | $5.77B | $5.69B | $5.32B | $4.58B | $5.02B |
| Gross Profit Ratio | 13.11% | 12.29% | 14.20% | 13.60% | 13.72% | 14.14% | 14.60% | 14.60% | 14.24% | 13.70% |
| Research and Development Expenses | $862.00M | $649.00M | $634.00M | $830.00M | $640.00M | $588.00M | $522.00M | $460.00M | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.05B | $1.66B | $1.72B | $1.59B | $1.70B | $1.66B | $1.67B | $1.60B | $1.45B | $1.71B |
| Other Expenses | $- | $1.42B | $1.51B | $1.37B | $1.34B | $1.28B | $-39.00M | $-30.00M | $166.00M | $-64.00M |
| Operating Expenses | $2.91B | $3.08B | $3.23B | $2.95B | $3.04B | $2.94B | $2.84B | $2.66B | $2.25B | $2.60B |
| Cost and Expenses | $40.10B | $36.27B | $34.33B | $31.16B | $37.06B | $38.00B | $36.10B | $33.78B | $29.81B | $34.22B |
| Interest Income | $86.00M | $45.00M | $44.00M | $19.00M | $22.00M | $20.00M | $20.00M | $12.00M | $14.00M | $18.00M |
| Interest Expense | $242.00M | $126.00M | $122.00M | $105.00M | $104.00M | $113.00M | $90.00M | $88.00M | $58.00M | $47.00M |
| Depreciation and Amortization | $1.75B | $1.59B | $1.51B | $1.37B | $1.34B | $1.28B | $1.17B | $1.06B | $802.00M | $890.00M |
| EBITDA | $3.79B | $3.16B | $3.58B | $2.48B | $3.67B | $4.34B | $4.26B | $3.94B | $3.35B | $3.50B |
| EBITDA Ratio | 8.85% | 8.26% | 9.99% | 9.38% | 9.92% | 10.79% | 11.04% | 10.85% | 10.41% | 9.66% |
| Operating Income | $2.70B | $1.71B | $1.95B | $1.70B | $2.57B | $3.13B | $3.17B | $2.88B | $2.54B | $2.65B |
| Operating Income Ratio | 6.31% | 4.51% | 5.37% | 5.19% | 6.51% | 7.66% | 8.15% | 7.90% | 7.91% | 7.23% |
| Total Other Income Expenses Net | $-1.09B | $-1.47B | $-846.00M | $-689.00M | $-144.00M | $-569.00M | $-518.00M | $-481.00M | $-476.00M | $-718.00M |
| Income Before Tax | $1.61B | $878.00M | $1.95B | $1.01B | $2.22B | $2.95B | $3.00B | $2.78B | $2.65B | $2.54B |
| Income Before Tax Ratio | 3.75% | 2.32% | 5.37% | 3.08% | 5.64% | 7.23% | 7.70% | 7.63% | 8.25% | 6.93% |
| Income Tax Expense | $320.00M | $237.00M | $395.00M | $329.00M | $591.00M | $619.00M | $744.00M | $706.00M | $711.00M | $659.00M |
| Net Income | $1.21B | $592.00M | $1.51B | $757.00M | $1.76B | $2.30B | $2.21B | $2.03B | $2.01B | $1.88B |
| Net Income Ratio | 2.83% | 1.56% | 4.18% | 2.32% | 4.48% | 5.62% | 5.66% | 5.57% | 6.26% | 5.14% |
| EPS | $4.23 | $2.04 | $5.04 | $2.52 | $5.61 | $6.65 | $5.93 | $5.19 | $4.94 | $4.41 |
| EPS Diluted | $4.23 | $2.03 | $5.00 | $2.52 | $5.59 | $6.61 | $5.90 | $5.16 | $4.88 | $4.35 |
| Weighted Average Shares Outstanding | 286.76M | 290.40M | 300.60M | 299.70M | 314.70M | 345.40M | 371.80M | 391.00M | 407.50M | 427.20M |
| Weighted Average Shares Outstanding Diluted | 286.60M | 291.20M | 302.80M | 300.40M | 315.80M | 347.50M | 373.90M | 393.20M | 412.70M | 433.20M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.20B | $1.23B | $2.95B | $3.27B | $1.28B | $684.00M | $726.00M | $974.00M | $2.86B | $1.25B |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.20B | $1.23B | $2.95B | $3.27B | $1.28B | $684.00M | $726.00M | $974.00M | $2.86B | $1.25B |
| Net Receivables | $7.88B | $6.79B | $6.31B | $6.39B | $5.93B | $6.55B | $6.70B | $6.17B | $5.44B | $5.32B |
| Inventory | $4.61B | $4.18B | $3.97B | $3.44B | $3.30B | $3.40B | $3.38B | $2.80B | $2.56B | $2.76B |
| Other Current Assets | $352.00M | $320.00M | $278.00M | $260.00M | $238.00M | $1.20B | $400.00M | $220.00M | $278.00M | $772.00M |
| Total Current Assets | $14.04B | $12.53B | $13.50B | $13.37B | $10.74B | $11.83B | $11.22B | $10.16B | $11.14B | $10.01B |
| Property Plant Equipment Net | $11.36B | $9.77B | $9.99B | $10.38B | $10.07B | $8.10B | $8.14B | $7.02B | $6.00B | $5.66B |
| Goodwill | $2.77B | $2.03B | $2.12B | $2.10B | $1.98B | $1.98B | $2.10B | $1.92B | $1.34B | $1.35B |
| Intangible Assets | $876.00M | $452.00M | $493.00M | $481.00M | $484.00M | $560.00M | $650.00M | $621.00M | $112.00M | $144.00M |
| Goodwill and Intangible Assets | $3.64B | $2.48B | $2.62B | $2.58B | $2.46B | $2.54B | $2.75B | $2.54B | $1.46B | $1.49B |
| Long Term Investments | $1.24B | $1.29B | $1.39B | $947.00M | $1.21B | $2.19B | $2.09B | $1.85B | $399.00M | $419.00M |
| Tax Assets | $- | $491.00M | $421.00M | $372.00M | $308.00M | $300.00M | $236.00M | $268.00M | $271.00M | $147.00M |
| Other Non-Current Assets | $1.97B | $1.24B | $1.17B | $963.00M | $996.00M | $992.00M | $959.00M | $719.00M | $431.00M | $408.00M |
| Total Non-Current Assets | $18.22B | $15.26B | $15.58B | $15.24B | $15.04B | $14.11B | $14.17B | $12.40B | $8.56B | $8.13B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $32.26B | $27.79B | $29.09B | $28.61B | $25.79B | $25.95B | $25.39B | $22.57B | $19.71B | $18.14B |
| Account Payables | $7.84B | $7.00B | $6.46B | $6.27B | $5.63B | $6.09B | $6.28B | $5.43B | $4.75B | $4.76B |
| Short Term Debt | $1.73B | $938.00M | $729.00M | $370.00M | $331.00M | $1.30B | $367.00M | $762.00M | $236.00M | $213.00M |
| Tax Payables | $125.00M | $93.00M | $200.00M | $38.00M | $17.00M | $- | $18.00M | $96.00M | $122.00M | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $2.50B | $- | $- | $- | $- |
| Other Current Liabilities | $3.54B | $2.97B | $3.01B | $3.07B | $2.55B | $2.91B | $2.58B | $2.41B | $2.17B | $2.63B |
| Total Current Liabilities | $13.23B | $11.00B | $10.40B | $9.74B | $8.53B | $10.30B | $9.17B | $8.70B | $7.28B | $7.61B |
| Long Term Debt | $5.49B | $4.13B | $4.94B | $5.63B | $4.66B | $3.10B | $3.21B | $2.39B | $2.35B | $836.00M |
| Deferred Revenue Non-Current | $- | $207.00M | $127.00M | $52.00M | $74.00M | $106.00M | $13.00M | $12.00M | $3.00M | $5.00M |
| Deferred Tax Liabilities Non-Current | $- | $312.00M | $440.00M | $452.00M | $419.00M | $401.00M | $323.00M | $293.00M | $132.00M | $172.00M |
| Other Non-Current Liabilities | $1.25B | $1.32B | $1.52B | $1.51B | $1.47B | $1.38B | $1.28B | $1.26B | $967.00M | $1.02B |
| Total Non-Current Liabilities | $6.74B | $5.46B | $6.46B | $7.14B | $6.13B | $4.48B | $4.49B | $3.65B | $3.31B | $1.85B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $19.98B | $16.45B | $16.86B | $16.89B | $14.66B | $14.79B | $13.66B | $12.35B | $10.59B | $9.47B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $3.35B | $3.30B | $3.40B | $3.27B | $3.20B | $3.38B | $3.62B | $3.80B | $3.94B | $3.98B |
| Retained Earnings | $9.30B | $8.64B | $9.23B | $8.70B | $8.60B | $8.38B | $8.09B | $7.32B | $6.39B | $5.16B |
| Accumulated Other Comprehensive Income Loss | $-898.00M | $-1.11B | $-900.00M | $-733.00M | $-1.09B | $-1.18B | $-597.00M | $-1.45B | $-1.47B | $-558.00M |
| Other Total Stockholders Equity | $125.00M | $111.00M | $102.00M | $128.00M | $127.00M | $120.00M | $119.00M | $105.00M | $107.00M | $83.00M |
| Total Stockholders Equity | $11.88B | $10.94B | $11.84B | $11.37B | $10.83B | $10.70B | $11.23B | $9.77B | $8.97B | $8.66B |
| Total Equity | $12.28B | $11.34B | $12.22B | $11.72B | $11.13B | $11.16B | $11.73B | $10.22B | $9.12B | $8.67B |
| Total Liabilities and Stockholders Equity | $32.26B | $27.79B | $29.09B | $28.61B | $25.79B | $25.95B | $25.39B | $22.57B | $19.71B | $18.14B |
| Minority Interest | $393.00M | $400.00M | $389.00M | $350.00M | $300.00M | $458.00M | $504.00M | $451.00M | $151.00M | $14.00M |
| Total Liabilities and Total Equity | $32.26B | $27.79B | $29.09B | $28.61B | $25.79B | $25.95B | $25.39B | $22.57B | $19.71B | $18.14B |
| Total Investments | $1.24B | $1.29B | $1.39B | $947.00M | $1.21B | $2.19B | $2.09B | $1.85B | $399.00M | $419.00M |
| Total Debt | $7.22B | $5.07B | $5.67B | $6.00B | $4.99B | $4.40B | $3.58B | $3.16B | $2.60B | $1.05B |
| Net Debt | $6.03B | $3.84B | $2.73B | $2.73B | $3.72B | $3.71B | $2.85B | $2.18B | $-262.00M | $-201.00M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.29B | $641.00M | $1.55B | $677.00M | $1.63B | $2.33B | $2.25B | $2.07B | $1.94B | $1.88B |
| Depreciation and Amortization | $1.52B | $1.42B | $1.51B | $1.37B | $1.34B | $1.28B | $1.17B | $1.06B | $802.00M | $890.00M |
| Deferred Income Tax | $-261.00M | $-202.00M | $-76.00M | $17.00M | $7.00M | $31.00M | $-3.00M | $22.00M | $-7.00M | $94.00M |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $40.00M |
| Change in Working Capital | $221.00M | $-322.00M | $-189.00M | $536.00M | $352.00M | $-153.00M | $-232.00M | $81.00M | $-344.00M | $-245.00M |
| Accounts Receivables | $-819.00M | $-798.00M | $114.00M | $-42.00M | $629.00M | $-351.00M | $-297.00M | $-446.00M | $-410.00M | $-767.00M |
| Inventory | $-196.00M | $-448.00M | $-653.00M | $37.00M | $104.00M | $-92.00M | $-362.00M | $-159.00M | $-241.00M | $-343.00M |
| Accounts Payables | $609.00M | $812.00M | $160.00M | $274.00M | $-519.00M | $265.00M | $494.00M | $562.00M | $139.00M | $677.00M |
| Other Working Capital | $627.00M | $112.00M | $190.00M | $267.00M | $138.00M | $25.00M | $-67.00M | $124.00M | $168.00M | $188.00M |
| Other Non Cash Items | $379.00M | $559.00M | $129.00M | $257.00M | $-172.00M | $123.00M | $61.00M | $162.00M | $-39.00M | $184.00M |
| Net Cash Provided by Operating Activities | $3.15B | $2.10B | $2.94B | $3.28B | $3.96B | $3.72B | $3.33B | $3.39B | $2.33B | $2.79B |
| Investments in Property Plant and Equipment | $-2.50B | $-1.68B | $-1.37B | $-1.15B | $-1.44B | $-1.65B | $-1.86B | $-1.81B | $-1.59B | $-1.59B |
| Acquisitions Net | $-1.50B | $121.00M | $-490.00M | $76.00M | $1.40B | $-145.00M | $332.00M | $-1.79B | $359.00M | $144.00M |
| Purchases of Investments | $-573.00M | $-484.00M | $-471.00M | $-331.00M | $-394.00M | $-481.00M | $-651.00M | $-478.00M | $-221.00M | $-175.00M |
| Sales Maturities of Investments | $- | $- | $81.00M | $117.00M | $416.00M | $223.00M | $332.00M | $138.00M | $61.00M | $167.00M |
| Other Investing Activities | $74.00M | $6.00M | $-31.00M | $-117.00M | $-416.00M | $-223.00M | $-283.00M | $-332.00M | $104.00M | $-167.00M |
| Net Cash Used for Investing Activities | $-4.50B | $-2.04B | $-2.28B | $-1.40B | $-434.00M | $-2.28B | $-2.13B | $-4.27B | $-1.29B | $-1.62B |
| Debt Repayment | $1.93B | $-402.00M | $-66.00M | $683.00M | $-102.00M | $1.00M | $642.00M | $251.00M | $1.53B | $670.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-13.00M | $-780.00M | $-530.00M | $-216.00M | $-1.29B | $-1.83B | $-1.27B | $-913.00M | $-515.00M | $-1.78B |
| Dividends Paid | $-522.00M | $-514.00M | $-514.00M | $-467.00M | $-449.00M | $-448.00M | $-400.00M | $-385.00M | $-354.00M | $-316.00M |
| Other Financing Activities | $-54.00M | $-37.00M | $-9.00M | $68.00M | $-1.11B | $835.00M | $-525.00M | $18.00M | $76.00M | $51.00M |
| Net Cash Used Provided by Financing Activities | $1.34B | $-1.73B | $-1.11B | $81.00M | $-2.95B | $-1.44B | $-1.55B | $-1.02B | $741.00M | $-1.38B |
| Effect of Forex Changes on Cash | $-19.00M | $-38.00M | $23.00M | $23.00M | $11.00M | $-36.00M | $24.00M | $16.00M | $-171.00M | $-98.00M |
| Net Change in Cash | $-36.00M | $-1.71B | $-426.00M | $1.98B | $590.00M | $-37.00M | $-329.00M | $-1.89B | $1.61B | $-301.00M |
| Cash at End of Period | $1.20B | $1.23B | $2.95B | $3.37B | $1.39B | $802.00M | $839.00M | $974.00M | $2.86B | $1.25B |
| Cash at Beginning of Period | $1.23B | $2.95B | $3.37B | $1.39B | $802.00M | $839.00M | $1.17B | $2.86B | $1.25B | $1.55B |
| Operating Cash Flow | $3.15B | $2.10B | $2.94B | $3.28B | $3.96B | $3.72B | $3.33B | $3.39B | $2.33B | $2.79B |
| Capital Expenditure | $-2.55B | $-1.68B | $-1.37B | $-1.15B | $-1.44B | $-1.65B | $-1.86B | $-1.81B | $-1.59B | $-1.59B |
| Free Cash Flow | $601.00M | $414.00M | $1.57B | $2.13B | $2.52B | $2.07B | $1.47B | $1.58B | $741.00M | $1.21B |