$MGA

MAGNA INTERNATIONAL INC

CIK:0000749098|SEC Filings

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Income Statement [Abstract]
Sales	$ 42,010	$ 42,836
Costs and expenses
Cost of goods sold	36,021	37,037
Selling, general and administrative	2,221	2,061
Depreciation	1,547	1,510
Amortization of acquired intangible assets	111	112
Interest expense, net	209	211
Equity income	(143)	(101)
Other expense, net	736	464
Income from operations before income taxes	1,308	1,542
Income taxes	425	446
Net income	883	1,096
Income attributable to non-controlling interests	(54)	(87)
Net income attributable to Magna International Inc.	$ 829	$ 1,009
Earnings per Common Share:
Basic	$ 2.94	$ 3.52
Diluted	$ 2.93	$ 3.52
Weighted average number of Common Shares outstanding during the year [in millions]:
Basic	281.7	286.8
Diluted	282.5	286.9

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
OPERATING ACTIVITIES
Net income	$ 883	$ 1,096
Items not involving current cash flows	2,368	1,857
Profit loss after adjustment of non cash items	3,251	2,953
Changes in operating assets and liabilities	347	681
Cash provided from operating activities	3,598	3,634
INVESTMENT ACTIVITIES
Fixed asset additions	(1,313)	(2,178)
Acquisitions	(1)	(86)
Increase in investments, other assets and intangible assets	(499)	(617)
Increase in public and private equity investments	(8)	(12)
Proceeds from dispositions of fixed assets, other assets and investments	121	219
Net cash inflow from disposal of facilities	0	82
Cash used for investing activities	(1,700)	(2,592)
FINANCING ACTIVITIES
Issues of debt	1,048	778
Decrease in short-term borrowings	(318)	(182)
Repayments of debt	(1,397)	(815)
Issue of Common Shares on exercise of stock options	2	30
Tax withholdings on vesting of equity awards	(5)	(8)
Repurchase of Common Shares	(137)	(207)
Dividends	(544)	(539)
Dividends paid to non-controlling interests	(59)	(46)
Acquisition of non-controlling interest	(122)	0
Cash used for financing activities	(1,532)	(989)
Effect of exchange rate changes on cash and cash equivalents	(1)	(4)
Net increase in cash and cash equivalents during the year	365	49
Cash and cash equivalents, beginning of year	1,247	1,198
Cash and cash equivalents, end of year	$ 1,612	$ 1,247

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 1,612	$ 1,247
Accounts receivable	7,593	7,376
Inventories	4,126	4,151
Prepaid expenses and other	407	344
Total current assets	13,738	13,118
Investments	1,103	1,045
Fixed assets, net	9,507	9,584
Operating lease right-of-use assets	1,928	1,941
Intangible assets, net	490	738
Goodwill	2,512	2,674
Other assets	1,275	1,120
Deferred tax assets	864	819
Consolidated total assets	31,417	31,039
Current liabilities
Short-term borrowing	0	271
Long-term debt due within one year	27	708
Accounts payable	6,895	7,194
Other accrued liabilities	2,745	2,572
Accrued salaries and wages	888	867
Income taxes payable	106	192
Current portion of operating lease liabilities	328	293
Total current liability	10,989	12,097
Long-term debt	4,685	4,134
Operating lease liabilities	1,649	1,662
Long-term employee benefit liabilities	554	533
Other long-term liabilities	399	396
Deferred tax liabilities	302	277
Total liability	18,578	19,099
Shareholders' equity
Common Shares [issued: 2025 – 280,242,006; 2024 – 282,875,928]	3,352	3,359
Contributed surplus	142	149
Retained earnings	9,765	9,598
Accumulated other comprehensive loss	(766)	(1,584)
Stockholders equity attributable to Magna International Inc	12,493	11,522
Non-controlling interests	346	418
Total stockholder's equity	12,839	11,940
Total liability and stockholders' equity	$ 31,417	$ 31,039