Cash flow Magna International Inc.

Equities

MG

CA5592224011

Auto, Truck & Motorcycle Parts

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-01-14 EST			5-day change	1st Jan Change
58.06 ^CAD	-0.21%		-3.20%	-3.36%

12-11	Goldman Sachs Downgrades Magna International to Sell From Neutral, CA$58 Price Target	MT
12-05	Wolfe Research Upgrades Magna International to Peer Perform From Underperform	MT

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Published financial data: MAGNA INTERNATIONAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	39.43B	32.65B	36.24B	37.84B	42.8B
Total Revenues	39.43B	32.65B	36.24B	37.84B	42.8B
Cost of Goods Sold, Total	34.02B	28.21B	31.1B	33.19B	37.18B
Gross Profit	5.41B	4.44B	5.14B	4.65B	5.61B
Selling General & Admin Expenses, Total	1.68B	1.59B	1.72B	1.66B	2.05B
Depreciation & Amortization - (IS)	1.34B	1.37B	1.51B	1.42B	1.44B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	88M
Other Operating Expenses, Total	3.03B	2.95B	3.23B	3.08B	3.57B
Operating Income	2.38B	1.49B	1.92B	1.57B	2.04B
Interest Expense, Total	-104M	-105M	-122M	-126M	-242M
Interest And Investment Income	22M	19M	44M	45M	86M
Net Interest Expenses	-82M	-86M	-78M	-81M	-156M
Income (Loss) On Equity Invest.	178M	189M	148M	89M	112M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	2.48B	1.59B	1.99B	1.58B	1.99B
Restructuring Charges	-31M	-212M	-101M	-48M	-148M
Merger & Related Restructuring Charges	-	-	100M	-	-23M
Gain (Loss) On Sale Of Investments	-706M	-315M	-2M	-597M	-217M
Gain (Loss) On Sale Of Assets	524M	-	-75M	-58M	-
Asset Writedown	-43M	-57M	-	-	-
Other Unusual Items	-	-	40M	-	-
EBT, Incl. Unusual Items	2.22B	1.01B	1.95B	878M	1.61B
Income Tax Expense	591M	329M	395M	237M	320M
Earnings From Continuing Operations	1.63B	677M	1.55B	641M	1.29B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.63B	677M	1.55B	641M	1.29B
Minority Interest	133M	80M	-39M	-49M	-73M
Net Income - (IS)	1.76B	757M	1.51B	592M	1.21B
Net Income to Common Incl Extra Items	1.76B	757M	1.51B	592M	1.21B
Net Income to Common Excl. Extra Items	1.76B	757M	1.51B	592M	1.21B
Per Share Items
Net EPS - Basic	5.61	2.53	5.04	2.04	4.24
Basic EPS - Continuing Operations	5.61	2.53	5.04	2.04	4.24
Basic Weighted Average Shares Outstanding	315M	300M	301M	290M	286M
Net EPS - Diluted	5.59	2.52	5	2.03	4.23
Diluted EPS - Continuing Operations	5.59	2.52	5	2.03	4.23
Diluted Weighted Average Shares Outstanding	316M	300M	303M	291M	287M
Normalized Basic EPS	5.35	3.58	4	3.23	4.1
Normalized Diluted EPS	5.33	3.57	3.97	3.23	4.09
Dividend Per Share	1.5	1.63	1.74	1.81	1.86
Payout Ratio	25.44	61.69	33.95	86.82	43.03
Supplemental Items
EBITDA	3.98B	3.07B	3.68B	3.16B	3.79B
EBITA	2.48B	1.57B	1.92B	1.57B	2.13B
EBIT	2.38B	1.49B	1.92B	1.57B	2.04B
EBITDAR	4.35B	3.44B	4.05B	3.56B	4.18B
Effective Tax Rate - (Ratio)	26.59	32.7	20.28	26.99	19.93
Current Domestic Taxes	117M	10M	63M	5M	24M
Current Foreign Taxes	467M	302M	408M	452M	557M
Total Current Taxes	584M	312M	471M	457M	581M
Deferred Domestic Taxes	3M	17M	-4M	-25M	-26M
Deferred Foreign Taxes	4M	-	-72M	-195M	-235M
Total Deferred Taxes	7M	17M	-76M	-220M	-261M
Normalized Net Income	1.68B	1.07B	1.2B	939M	1.17B
Interest on Long-Term Debt	87M	105M	122M	126M	162M
Non-Cash Pension Expense	19M	15M	12M	12M	31M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	640M	830M	634M	649M	862M
Net Rental Expense, Total	368M	374M	367M	395M	398M
Imputed Operating Lease Interest Expense	65.3M	57.16M	61.37M	74.1M	125M
Imputed Operating Lease Depreciation	303M	317M	306M	321M	273M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.28B	3.27B	2.95B	1.23B	1.2B
Total Cash And Short Term Investments	1.28B	3.27B	2.95B	1.23B	1.2B
Accounts Receivable, Total	5.93B	6.39B	6.31B	6.79B	7.88B
Other Receivables	-	-	-	-	-
Total Receivables	5.93B	6.39B	6.31B	6.79B	7.88B
Inventory	3.3B	3.44B	3.97B	4.18B	4.61B
Prepaid Expenses	70M	97M	244M	255M	274M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	116M	106M	-	-	-
Other Current Assets, Total	52M	57M	34M	65M	78M
Total Current Assets	10.74B	13.37B	13.5B	12.52B	14.04B
Gross Property Plant And Equipment	19.81B	22.03B	21.97B	21.77B	24.17B
Accumulated Depreciation	-9.74B	-11.65B	-11.98B	-12.01B	-12.81B
Net Property Plant And Equipment	10.07B	10.38B	9.99B	9.77B	11.36B
Long-term Investments	1.21B	947M	1.59B	1.43B	1.27B
Goodwill	1.98B	2.1B	2.12B	2.03B	2.77B
Other Intangibles, Total	484M	481M	493M	452M	876M
Deferred Tax Assets Long-Term	308M	372M	421M	491M	621M
Deferred Charges Long-Term	683M	694M	668M	679M	835M
Other Long-Term Assets, Total	313M	269M	294M	414M	484M
Total Assets	25.79B	28.6B	29.09B	27.79B	32.26B
Liabilities
Accounts Payable, Total	5.63B	6.27B	6.46B	7B	7.84B
Accrued Expenses, Total	2.29B	2.77B	2.75B	2.67B	3.26B
Short-term Borrowings	-	-	-	8M	511M
Current Portion of Long-Term Debt	106M	129M	455M	654M	819M
Current Portion of Leases	225M	241M	274M	276M	399M
Current Income Taxes Payable	17M	38M	200M	93M	125M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	262M	295M	259M	300M	283M
Total Current Liabilities	8.53B	9.74B	10.4B	11B	13.23B
Long-Term Debt	3.06B	3.97B	3.54B	2.85B	4.18B
Long-Term Leases	1.6B	1.66B	1.41B	1.29B	1.32B
Unearned Revenue Non Current	74M	52M	127M	207M	223M
Pension & Other Post Retirement Benefits	677M	729M	700M	548M	591M
Deferred Tax Liability Non Current	419M	452M	440M	312M	184M
Other Non Current Liabilities	297M	280M	249M	254M	252M
Total Liabilities	14.66B	16.88B	16.86B	16.45B	19.98B
Common Stock, Total	3.2B	3.27B	3.4B	3.3B	3.35B
Additional Paid In Capital	127M	128M	102M	111M	125M
Retained Earnings	8.6B	8.7B	9.23B	8.64B	9.3B
Comprehensive Income and Other	-1.09B	-733M	-900M	-1.11B	-898M
Total Common Equity	10.83B	11.37B	11.84B	10.94B	11.88B
Minority Interest	300M	350M	389M	400M	393M
Total Equity	11.13B	11.72B	12.22B	11.34B	12.28B
Total Liabilities And Equity	25.79B	28.6B	29.09B	27.79B	32.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	302M	302M	297M	286M	287M
ECS Total Common Shares Outstanding	303M	301M	298M	286M	287M
Book Value / Share	35.72	37.83	39.74	38.24	41.47
Tangible Book Value	8.37B	8.79B	9.22B	8.45B	8.24B
Tangible Book Value Per Share	27.6	29.26	30.96	29.56	28.76
Total Debt	4.99B	6B	5.67B	5.07B	7.22B
Net Debt	3.72B	2.73B	2.72B	3.84B	6.02B
Debt Equivalent of Unfunded Proj. Benefit Obligation	627M	692M	624M	494M	529M
Debt Equivalent Oper. Leases	2.94B	2.99B	2.94B	3.16B	3.18B
Minority Interest, Total (Incl. Fin. Div)	300M	350M	389M	400M	393M
Equity Method Investments, Total	1.11B	677M	1.03B	997M	987M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.2B	1.23B	1.6B	1.64B	1.86B
Inventories - Work In Process, Total	339M	340M	400M	427M	450M
Inventories - Finished Goods, Total	1.76B	1.88B	1.97B	2.11B	2.3B
Land - (BS)	219M	195M	198M	181M	188M
Buildings, Total	2.41B	2.71B	2.72B	2.74B	3.01B
Machinery, Total	15.37B	17.22B	17.36B	17.26B	19.23B
Full Time Employees	165K	158K	149K	158K	179K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.76B	757M	1.51B	592M	1.21B
Depreciation & Amortization - CF	1.51B	1.5B	1.77B	1.59B	1.66B
Amortization of Goodwill and Intangible Assets - (CF)	93M	85M	-	-	88M
Depreciation & Amortization, Total	1.6B	1.58B	1.77B	1.59B	1.75B
(Gain) Loss From Sale Of Asset	-524M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	706M	315M	-	221M	201M
Asset Writedown & Restructuring Costs	27M	88M	-	373M	16M
(Income) Loss On Equity Investments - (CF)	69M	-10M	11M	-24M	37M
Other Operating Activities, Total	-37M	11M	-163M	-333M	-287M
Change In Accounts Receivable	629M	-42M	114M	-798M	-819M
Change In Inventories	104M	37M	-653M	-448M	-196M
Change In Accounts Payable	-519M	274M	160M	812M	609M
Change In Income Taxes	96M	-22M	123M	-115M	-1M
Change in Other Net Operating Assets	42M	289M	67M	227M	628M
Cash from Operations	3.96B	3.28B	2.94B	2.1B	3.15B
Capital Expenditure	-1.44B	-1.14B	-1.37B	-1.68B	-2.5B
Sale of Property, Plant, and Equipment	185M	117M	81M	130M	122M
Cash Acquisitions	-147M	91M	-13M	-3M	-1.5B
Divestitures	1.13B	-	-41M	-	-48M
Sale (Purchase) of Intangible assets	-45M	-49M	-	-	-
Investment in Marketable and Equity Securities, Total	192M	-208M	-988M	-484M	-573M
Other Investing Activities, Total	-310M	-206M	50M	-	-
Cash from Investing	-434M	-1.4B	-2.28B	-2.04B	-4.5B
Short Term Debt Issued, Total	-	-	-	11M	487M
Long-Term Debt Issued, Total	47M	854M	55M	54M	2.08B
Total Debt Issued	47M	854M	55M	65M	2.57B
Short Term Debt Repaid, Total	-1.12B	-31M	-101M	-	-
Long-Term Debt Repaid, Total	-149M	-140M	-121M	-456M	-644M
Total Debt Repaid	-1.27B	-171M	-222M	-456M	-644M
Issuance of Common Stock	44M	81M	146M	8M	20M
Repurchase of Common Stock	-1.3B	-216M	-530M	-795M	-24M
Common Dividends Paid	-449M	-467M	-514M	-514M	-522M
Common & Preferred Stock Dividends Paid	-449M	-467M	-514M	-514M	-522M
Other Financing Activities, Total	-18M	0	-41M	-41M	-63M
Cash from Financing	-2.95B	81M	-1.11B	-1.73B	1.34B
Foreign Exchange Rate Adjustments	11M	23M	23M	-38M	-19M
Net Change in Cash	590M	1.98B	-426M	-1.71B	-36M
Supplemental Items
Cash Interest Paid	103M	104M	122M	128M	242M
Cash Income Tax Paid (Refund)	484M	336M	341M	560M	546M
Levered Free Cash Flow	2.41B	1.8B	1.36B	462M	268M
Unlevered Free Cash Flow	2.48B	1.86B	1.44B	541M	419M
Change In Net Working Capital	-874M	-546M	157M	349M	103M
Net Debt Issued / Repaid	-1.23B	683M	-167M	-391M	1.93B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.76	3.42	4.15	3.46	4.24
Return on Total Capital	9.41	5.49	6.72	5.73	7.09
Return On Equity %	14.64	5.93	12.97	5.44	10.89
Return on Common Equity	16.39	6.82	13.05	5.2	10.63
Margin Analysis
Gross Profit Margin %	13.72	13.6	14.2	12.29	13.11
SG&A Margin	4.26	4.86	4.74	4.39	4.79
EBITDA Margin %	10.11	9.4	10.16	8.35	8.85
EBITA Margin %	6.28	4.82	5.29	4.16	4.97
EBIT Margin %	6.04	4.55	5.29	4.16	4.76
Income From Continuing Operations Margin %	4.14	2.07	4.28	1.69	3
Net Income Margin %	4.48	2.32	4.18	1.56	2.83
Net Avail. For Common Margin %	4.48	2.32	4.18	1.56	2.83
Normalized Net Income Margin	4.27	3.29	3.32	2.48	2.74
Levered Free Cash Flow Margin	6.12	5.5	3.75	1.22	0.62
Unlevered Free Cash Flow Margin	6.29	5.7	3.96	1.43	0.98
Asset Turnover
Asset Turnover	1.52	1.2	1.26	1.33	1.43
Fixed Assets Turnover	4.34	3.19	3.56	3.83	4.05
Receivables Turnover (Average Receivables)	6.32	5.3	5.71	5.78	5.83
Inventory Turnover (Average Inventory)	10.15	8.36	8.39	8.15	8.46
Short Term Liquidity
Current Ratio	1.26	1.37	1.3	1.14	1.06
Quick Ratio	0.84	0.99	0.89	0.73	0.69
Operating Cash Flow to Current Liabilities	0.46	0.34	0.28	0.19	0.24
Days Sales Outstanding (Average Receivables)	57.74	69.06	63.96	63.17	62.57
Days Outstanding Inventory (Average Inventory)	35.98	43.78	43.5	44.81	43.12
Average Days Payable Outstanding	63.06	76.78	73.47	73.57	72.01
Cash Conversion Cycle (Average Days)	30.65	36.06	33.99	34.41	33.67
Long Term Solvency
Total Debt/Equity	44.87	51.19	46.4	44.76	58.83
Total Debt / Total Capital	30.97	33.86	31.7	30.92	37.04
LT Debt/Equity