Income Statement Garrett Motion Inc.

Equities

GTX

US3665051054

Auto, Truck & Motorcycle Parts

Market Closed - Nasdaq Other stock markets 20:59:17 18/06/2025 BST			5-day change	1st Jan Change
10.18 ^USD	-0.29%		-0.39%	+12.74%

05-20	Garrett Motion Proposes Secondary Offering of 17 Million Shares, Concurrent Stock Buyback	MT
05-01	Garrett Motion Q1 Earnings Increase, Sales Decrease; Shares Rise	MT

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Published financial data: GARRETT MOTION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.03B	3.63B	3.6B	3.89B	3.48B
Total Revenues	3.03B	3.63B	3.6B	3.89B	3.48B
Cost of Goods Sold, Total	2.47B	2.91B	2.92B	3.13B	2.77B
Gross Profit	566M	723M	687M	756M	705M
Selling General & Admin Expenses, Total	280M	203M	179M	240M	227M
Other Operating Expenses	2M	-	-	-	-
Other Operating Expenses, Total	282M	203M	179M	240M	227M
Operating Income	284M	520M	508M	516M	478M
Interest Expense, Total	-79M	-93M	-82M	-159M	-156M
Interest And Investment Income	3M	11M	76M	7M	3M
Net Interest Expenses	-76M	-82M	-6M	-152M	-153M
Income (Loss) On Equity Invest.	5M	7M	7M	7M	2M
Currency Exchange Gains (Loss)	35M	-14M	-3M	-6M	-4M
Other Non Operating Income (Expenses)	-2M	-2M	2M	-18M	-6M
EBT, Excl. Unusual Items	246M	429M	508M	347M	317M
Restructuring Charges	-10M	-16M	-4M	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	27M
Legal Settlements	-3M	-	-	-	-
Other Unusual Items	-114M	125M	-8M	-	-1M
EBT, Incl. Unusual Items	119M	538M	496M	347M	343M
Income Tax Expense	39M	43M	106M	86M	61M
Earnings From Continuing Operations	80M	495M	390M	261M	282M
Net Income to Company	80M	495M	390M	261M	282M
Net Income - (IS)	80M	495M	390M	261M	282M
Preferred Dividend and Other Adjustments	-	377M	341M	312M	-
Net Income to Common Incl Extra Items	80M	118M	49M	-51M	282M
Net Income to Common Excl. Extra Items	80M	118M	49M	-51M	282M
Per Share Items
Net EPS - Basic	1.06	1.69	0.76	-0.31	1.27
Basic EPS - Continuing Operations	1.06	1.69	0.76	-0.31	1.27
Basic Weighted Average Shares Outstanding	75.54M	69.71M	64.71M	167M	222M
Net EPS - Diluted	1.05	1.56	0.75	-0.31	1.26
Diluted EPS - Continuing Operations	1.05	1.56	0.75	-0.31	1.26
Diluted Weighted Average Shares Outstanding	76.1M	318M	65.08M	167M	224M
Normalized Basic EPS	2.04	3.85	4.91	1.3	0.89
Normalized Diluted EPS	2.02	0.84	4.88	1.3	0.88
Payout Ratio	-	-	21.28	16.09	-
Supplemental Items
EBITDA	370M	612M	592M	606M	568M
EBITA	284M	520M	508M	516M	478M
EBIT	284M	520M	508M	516M	478M
EBITDAR	385M	627M	608M	622M	585M
Effective Tax Rate - (Ratio)	32.77	7.99	21.37	24.78	17.78
Current Domestic Taxes	-	-1M	10M	12M	-2M
Current Foreign Taxes	-	80M	50M	50M	56M
Total Current Taxes	73M	79M	60M	62M	54M
Deferred Domestic Taxes	-	-11M	9M	-13M	-10M
Deferred Foreign Taxes	-	-25M	37M	37M	17M
Total Deferred Taxes	-34M	-36M	46M	24M	7M
Normalized Net Income	154M	268M	318M	217M	198M
Interest on Long-Term Debt	-	-	82M	159M	156M
Non-Cash Pension Expense	5M	-12M	-37M	-7M	-13M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	124M	158M	164M	209M	228M
Net Rental Expense, Total	15M	15M	16M	16M	17M
Imputed Operating Lease Interest Expense	5.28M	5.91M	7.41M	14.06M	13.17M
Imputed Operating Lease Depreciation	9.72M	9.09M	8.59M	1.94M	3.83M
Stock-Based Comp., SG&A Exp. (Total)	17M	11M	11M	14M	23M
Stock-Based Comp., Other (Total)	-	13M	-	-	-
Total Stock-Based Compensation	17M	24M	11M	14M	23M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	592M	423M	246M	259M	125M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	592M	423M	246M	259M	125M
Accounts Receivable, Total	612M	548M	610M	608M	517M
Other Receivables	99M	93M	142M	117M	92M
Notes Receivable	152M	121M	105M	101M	96M
Total Receivables	863M	762M	857M	826M	705M
Inventory	235M	244M	270M	263M	286M
Prepaid Expenses	62M	13M	16M	15M	16M
Restricted Cash	101M	41M	2M	1M	1M
Other Current Assets, Total	26M	28M	40M	42M	60M
Total Current Assets	1.88B	1.51B	1.43B	1.41B	1.19B
Gross Property Plant And Equipment	1.49B	1.5B	1.5B	1.58B	1.56B
Accumulated Depreciation	-946M	-969M	-983M	-1.06B	-1.06B
Net Property Plant And Equipment	541M	536M	514M	517M	501M
Long-term Investments	30M	28M	30M	75M	10M
Goodwill	193M	193M	193M	193M	193M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	275M	289M	232M	216M	207M
Other Long-Term Assets, Total	99M	149M	237M	120M	172M
Total Assets	3.02B	2.71B	2.64B	2.53B	2.28B
Liabilities
Accounts Payable, Total	1.1B	1.01B	1.05B	1.07B	972M
Accrued Expenses, Total	117M	121M	116M	129M	116M
Short-term Borrowings	570M	-	-	-	-
Current Portion of Long-Term Debt	-	207M	7M	7M	7M
Current Portion of Leases	5M	9M	9M	9M	11M
Current Income Taxes Payable	37M	25M	39M	42M	32M
Unearned Revenue Current, Total	-	5M	-	9M	-
Other Current Liabilities	174M	135M	156M	104M	140M
Total Current Liabilities	2B	1.51B	1.38B	1.37B	1.28B
Long-Term Debt	1.53B	1.38B	1.15B	1.65B	1.47B
Long-Term Leases	34M	42M	36M	33M	42M
Pension & Other Post Retirement Benefits	106M	61M	21M	23M	18M
Deferred Tax Liability Non Current	2M	21M	25M	27M	25M
Other Non Current Liabilities	1.65B	166M	148M	159M	119M
Total Liabilities	5.32B	3.17B	2.75B	3.26B	2.95B
Additional Paid In Capital	28M	1.33B	1.33B	1.19B	1.21B
Retained Earnings	-2.21B	-1.79B	-1.48B	-1.92B	-1.65B
Treasury Stock	-	-	-	-	-306M
Comprehensive Income and Other	-129M	-4M	36M	-3M	73M
Total Common Equity	-2.31B	-468M	-116M	-735M	-673M
Total Equity	-2.31B	-468M	-116M	-735M	-673M
Total Liabilities And Equity	3.02B	2.71B	2.64B	2.53B	2.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	75.81M	64.52M	64.84M	238M	205M
ECS Total Common Shares Outstanding	75.81M	64.57M	64.83M	238M	206M
Book Value / Share	-30.44	-7.25	-1.79	-3.09	-3.26
Tangible Book Value	-2.5B	-661M	-309M	-928M	-866M
Tangible Book Value Per Share	-32.99	-10.24	-4.77	-3.9	-4.2
Total Debt	2.14B	1.63B	1.2B	1.7B	1.53B
Net Debt	1.55B	1.21B	954M	1.44B	1.4B
Debt Equivalent of Unfunded Proj. Benefit Obligation	88M	32M	14M	9M	-8M
Debt Equivalent Oper. Leases	120M	120M	128M	128M	136M
Account Code - Inventory Valuation	-	-	5	5	5
Inventories - Raw Materials, Total	160M	162M	203M	198M	230M
Inventories - Work In Process, Total	19M	19M	18M	21M	18M
Inventories - Finished Goods, Total	97M	92M	80M	85M	79M
Land - (BS)	17M	16M	15M	14M	13M
Buildings, Total	153M	149M	144M	153M	150M
Machinery, Total	1.1B	1.1B	1.1B	1.17B	1.14B
Full Time Employees	6.3K	6.5K	7.3K	7.6K	6.6K
Accumulated Allowance for Doubtful Accounts (Supple)	13M	5M	9M	6M	4M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	80M	495M	390M	261M	282M
Depreciation & Amortization - CF	86M	92M	84M	90M	90M
Depreciation & Amortization, Total	86M	92M	84M	90M	90M
Amortization of Deferred Charges, Total - (CF)	7M	26M	8M	20M	37M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-27M
Asset Writedown & Restructuring Costs	60M	-435M	-	-	-
Stock-Based Compensation (CF)	10M	7M	11M	14M	23M
Other Operating Activities, Total	-33M	-41M	-61M	79M	20M
Change In Accounts Receivable	-162M	18M	-102M	1M	89M
Change In Inventories	-14M	-31M	-48M	12M	-48M
Change In Accounts Payable	41M	-75M	108M	8M	-52M
Change in Other Net Operating Assets	-50M	-366M	-15M	-20M	-6M
Cash from Operations	25M	-310M	375M	465M	408M
Capital Expenditure	-80M	-72M	-91M	-83M	-91M
Investment in Marketable and Equity Securities, Total	-	-	-	-	46M
Other Investing Activities, Total	-	1M	-	28M	31M
Cash from Investing	-80M	-71M	-91M	-55M	-14M
Short Term Debt Issued, Total	1.65B	-	-	-	-
Long-Term Debt Issued, Total	-	1.22B	-	667M	794M
Total Debt Issued	1.65B	1.22B	-	667M	794M
Short Term Debt Repaid, Total	-1.1B	-570M	-	-	-
Long-Term Debt Repaid, Total	-2M	-1.52B	-7M	-207M	-992M
Total Debt Repaid	-1.1B	-2.09B	-7M	-207M	-992M
Repurchase of Common Stock	-	-4M	-7M	-213M	-304M
Issuance of Preferred Stock	-	1.3B	-	-	-
Repurchase of Preferred Stock	-	-216M	-381M	-580M	-
Preferred Dividends Paid	-	-	-83M	-42M	-
Common & Preferred Stock Dividends Paid	-	-	-83M	-42M	-
Other Financing Activities, Total	-17M	-76M	-4M	-28M	-18M
Cash from Financing	530M	139M	-482M	-403M	-520M
Foreign Exchange Rate Adjustments	31M	13M	-18M	5M	-8M
Net Change in Cash	506M	-229M	-216M	12M	-134M
Supplemental Items
Cash Interest Paid	63M	61M	65M	89M	88M
Cash Income Tax Paid (Refund)	44M	61M	42M	60M	64M
Levered Free Cash Flow	-67.88M	405M	248M	301M	241M
Unlevered Free Cash Flow	-18.5M	444M	300M	380M	302M
Change In Net Working Capital	226M	-68M	30M	-37M	19M
Net Debt Issued / Repaid	547M	-866M	-7M	460M	-198M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.71	11.36	11.88	12.49	12.44
Return on Total Capital	-41.86	65	28.22	31.56	32.94
Return On Equity %	-3.6	-35.66	-133.56	-61.34	-40.06
Return on Common Equity	-3.6	-8.5	-16.78	11.99	-40.06
Margin Analysis
Gross Profit Margin %	18.66	19.9	19.07	19.45	20.29
SG&A Margin	9.23	5.59	4.97	6.18	6.53
EBITDA Margin %	12.2	16.85	16.43	15.59	16.35
EBITA Margin %	9.36	14.31	14.1	13.28	13.76
EBIT Margin %	9.36	14.31	14.1	13.28	13.76
Income From Continuing Operations Margin %	2.64	13.63	10.82	6.72	8.12
Net Income Margin %	2.64	13.63	10.82	6.72	8.12
Net Avail. For Common Margin %	2.64	3.25	1.36	-1.31	8.12
Normalized Net Income Margin	5.07	7.38	8.81	5.58	5.7
Levered Free Cash Flow Margin	-2.24	11.14	6.89	7.75	6.94
Unlevered Free Cash Flow Margin	-0.61	12.22	8.31	9.79	8.68
Asset Turnover
Asset Turnover	1.15	1.27	1.35	1.51	1.45
Fixed Assets Turnover	5.8	6.75	6.86	7.54	6.83
Receivables Turnover (Average Receivables)	5.13	6.26	6.22	6.38	6.18
Inventory Turnover (Average Inventory)	10.85	12.15	11.35	11.74	10.09
Short Term Liquidity
Current Ratio	0.94	1	1.04	1.02	0.93
Quick Ratio	0.65	0.71	0.73	0.72	0.57
Operating Cash Flow to Current Liabilities	0.01	-0.21	0.27	0.34	0.32
Days Sales Outstanding (Average Receivables)	71.29	58.27	58.66	57.2	59.24
Days Outstanding Inventory (Average Inventory)	33.74	30.04	32.17	31.08	36.27
Average Days Payable Outstanding	155.51	131.73	127.41	124	134.06
Cash Conversion Cycle (Average Days)	-50.48	-43.42	-36.59	-35.73	-38.54
Long Term Solvency
Total Debt/Equity	-92.81	-349.15	-1.03K	-230.61	-226.89
Total Debt / Total Capital	-1.29K	140.14	110.7	176.56	178.81
LT Debt/Equity	-67.89	-302.99	-1.02K	-228.44	-224.22
Long-Term Debt / Total Capital	-943.98	121.61	109.22	174.9	176.7
Total Liabilities / Total Assets	176.5	117.29	104.4	129.09	129.57
EBIT / Interest Expense	3.59	5.59	6.2	3.25	3.06
EBITDA / Interest Expense	4.87	6.74	7.41	3.91	3.75
(EBITDA - Capex) / Interest Expense	3.86	5.97	6.3	3.39	3.17
Total Debt / EBITDA	5.56	2.61	1.97	2.73	2.61
Net Debt / EBITDA	4.03	1.93	1.57	2.31	2.4
Total Debt / (EBITDA - Capex)	7.02	2.94	2.32	3.14	3.09
Net Debt / (EBITDA - Capex)	5.08	2.18	1.85	2.66	2.84
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.59	19.74	-0.83	7.85	-10.58
Gross Profit, 1 Yr. Growth %	-20.62	31.69	-4.98	10.69	-6.75
EBITDA, 1 Yr. Growth %	-33.57	65.41	-3.27	3.06	-6.27
EBITA, 1 Yr. Growth %	-41.32	83.1	-2.31	2.38	-7.36
EBIT, 1 Yr. Growth %	-41.32	83.1	-2.31	2.38	-7.36
Earnings From Cont. Operations, 1 Yr. Growth %	-74.44	518.75	-21.21	-33.08	8.05
Net Income, 1 Yr. Growth %	-74.44	518.75	-21.21	-33.08	8.05
Normalized Net Income, 1 Yr. Growth %	-40.72	74.39	18.41	-30.74	-8.65
Diluted EPS Before Extra, 1 Yr. Growth %	-74.51	48.48	-51.89	-141.33	-506.45
Accounts Receivable, 1 Yr. Growth %	7.37	-10.46	11.31	-0.33	-14.97
Inventory, 1 Yr. Growth %	6.82	3.83	10.66	-2.59	8.75
Net Property, Plant and Equip., 1 Yr. Growth %	6.92	-0.92	-4.1	0.58	-3.09
Total Assets, 1 Yr. Growth %	32.62	-10.31	-2.55	-4.17	-9.93
Tangible Book Value, 1 Yr. Growth %	7.52	-73.57	-53.25	200.32	-6.68
Common Equity, 1 Yr. Growth %	8.2	-79.72	-75.21	533.62	-8.44
Cash From Operations, 1 Yr. Growth %	-89.67	-1.34K	-220.97	24	-12.26
Capital Expenditures, 1 Yr. Growth %	-21.57	-10	26.39	-8.79	9.64
Levered Free Cash Flow, 1 Yr. Growth %	-135.35	-640.73	-33.42	3.12	-19.88
Unlevered Free Cash Flow, 1 Yr. Growth %	-107.89	-1.84K	-30.51	31.66	-20.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.19	5.76	8.97	3.42	-1.79
Gross Profit, 2 Yr. CAGR %	-14.71	1.99	11.86	3.41	1.6
EBITDA, 2 Yr. CAGR %	-21.8	4.82	26.49	0.84	-1.72
EBITA, 2 Yr. CAGR %	-27	3.65	33.74	1.18	-2.61
EBIT, 2 Yr. CAGR %	-27	3.65	33.74	1.18	-2.61
Earnings From Cont. Operations, 2 Yr. CAGR %	-74.24	25.76	120.79	-27.39	-14.97
Net Income, 2 Yr. CAGR %	-74.24	25.76	120.79	-27.39	-14.97
Normalized Net Income, 2 Yr. CAGR %	-31.15	1.67	43.7	-8.45	-20.46
Diluted EPS Before Extra, 2 Yr. CAGR %	-74.55	-38.49	-15.48	-55.41	29.61
Accounts Receivable, 2 Yr. CAGR %	1.85	-1.95	-0.16	5.33	-7.94
Inventory, 2 Yr. CAGR %	16.89	5.31	7.19	3.82	2.92
Net Property, Plant and Equip., 2 Yr. CAGR %	11.14	2.92	-2.53	-1.79	-1.27
Total Assets, 2 Yr. CAGR %	19.18	9.06	-6.51	-3.36	-7.1
Tangible Book Value, 2 Yr. CAGR %	-3.93	-46.69	-64.85	18.49	67.41
Common Equity, 2 Yr. CAGR %	-4.24	-53.16	-77.58	25.32	140.87
Cash From Operations, 2 Yr. CAGR %	-74.11	13.18	287.3	22.47	4.31
Capital Expenditures, 2 Yr. CAGR %	-8.23	-15.98	6.65	7.37	0
Levered Free Cash Flow, 2 Yr. CAGR %	-38.12	45.21	83.31	-10.76	-9.1
Unlevered Free Cash Flow, 2 Yr. CAGR %	-68.72	37.6	249.64	-5.16	2.18
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.67	2.49	3.52	8.6	-1.47
Gross Profit, 3 Yr. CAGR %	-9.16	-2.41	-0.39	11.25	-0.09
EBITDA, 3 Yr. CAGR %	-13.47	0.38	2.05	17.88	-1.59
EBITA, 3 Yr. CAGR %	-17.57	-0.82	1.63	22.02	-1.75
EBIT, 3 Yr. CAGR %	-17.57	-0.82	1.63	22.02	-1.75
Earnings From Cont. Operations, 3 Yr. CAGR %	-56.66	-25.68	7.61	48.31	-17.1
Net Income, 3 Yr. CAGR %	-56.66	-25.68	7.61	48.31	-17.1
Normalized Net Income, 3 Yr. CAGR %	-21.98	-6.15	6.97	12.15	-8.51
Diluted EPS Before Extra, 3 Yr. CAGR %	-57.07	-54.18	-43.33	-33.41	-6.85
Accounts Receivable, 3 Yr. CAGR %	1.28	-2.43	2.29	-0.22	-1.92
Inventory, 3 Yr. CAGR %	7.72	12.36	7.06	3.82	5.44
Net Property, Plant and Equip., 3 Yr. CAGR %	6.97	6.96	0.52	-1.5	-2.23
Total Assets, 3 Yr. CAGR %	0.22	8.41	5.05	-5.74	-5.61
Tangible Book Value, 3 Yr. CAGR %	1.55	-37.52	-48.98	-28.14	9.42
Common Equity, 3 Yr. CAGR %	1.69	-42.92	-62.11	-31.71	12.87
Cash From Operations, 3 Yr. CAGR %	-29.39	-5.98	15.72	164.95	9.59
Capital Expenditures, 3 Yr. CAGR %	-8.08	-8.83	-3.73	1.23	8.12
Levered Free Cash Flow, 3 Yr. CAGR %	-46.68	31.7	8.94	59.74	-13.91
Unlevered Free Cash Flow, 3 Yr. CAGR %	-65.56	32.91	8.5	149.5	-10.65
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.85	3.92	3.08	2.86	1.36
Gross Profit, 5 Yr. CAGR %	-5.01	1.29	-1.87	-0.57	0.29
EBITDA, 5 Yr. CAGR %	-9.55	2.73	0.72	0.03	0.39
EBITA, 5 Yr. CAGR %	-12.29	1.78	0.04	-0.65	-0.25
EBIT, 5 Yr. CAGR %	-12.29	1.78	0.04	-0.65	-0.25
Earnings From Cont. Operations, 5 Yr. CAGR %	-20.63	19.99	-16.88	-26.37	-2.06
Net Income, 5 Yr. CAGR %	-20.63	19.99	-16.88	-26.37	-2.06
Normalized Net Income, 5 Yr. CAGR %	-14.36	-2.1	-0.39	-7.74	-5.24
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-10.31	-43.71	-54.68	-21.1
Accounts Receivable, 5 Yr. CAGR %	-	1.81	0.7	0.6	-1.93
Inventory, 5 Yr. CAGR %	-	14.31	7.51	8.86	5.39
Net Property, Plant and Equip., 5 Yr. CAGR %	-	7.64	3.06	3.37	-0.2
Total Assets, 5 Yr. CAGR %	-	0.34	-2.53	3.54	0.01
Tangible Book Value, 5 Yr. CAGR %	-	-14.1	-33.57	-19.29	-17.93
Common Equity, 5 Yr. CAGR %	-	-17.45	-44.46	-21.82	-20.6
Cash From Operations, 5 Yr. CAGR %	-41.57	0.33	39.49	4.51	11.01
Capital Expenditures, 5 Yr. CAGR %	9.86	-3.04	-2.45	-2.66	-2.26
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-11.13	11.18	4.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-7.94	15.01	5.17