# Magna International Inc: Form 40-F for the period ended Dec 31, 2023

- Company: [Magna International Inc](/companies/mga.md) (CIK 749098)
- Form: 40-F
- Filed: 2024-03-28
- Accepted by EDGAR: Mar 28, 2024, 16:19 ET
- Period: 2023-12-31
- Accession: 0001193125-24-080656
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/749098/000119312524080656/d522979d40f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/749098/000119312524080656/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2023-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2023-01-01 to 2023-12-31 | $42.80bn | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 12 months, 2023-01-01 to 2023-12-31 | $37.19bn | us-gaap:CostOfGoodsAndServicesSold |
| Research and development | 12 months, 2023-01-01 to 2023-12-31 | $862.0m | us-gaap:ResearchAndDevelopmentExpense |
| Selling, general and administrative | 12 months, 2023-01-01 to 2023-12-31 | $2.05bn | us-gaap:SellingGeneralAndAdministrativeExpense |
| Interest expense | 12 months, 2023-01-01 to 2023-12-31 | $242.0m | us-gaap:InterestExpense |
| Income tax | 12 months, 2023-01-01 to 2023-12-31 | $320.0m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2023-01-01 to 2023-12-31 | $1.21bn | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2023-01-01 to 2023-12-31 | $4.23 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2023-01-01 to 2023-12-31 | $4.24 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2023-01-01 to 2023-12-31 | 286,600,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2023-01-01 to 2023-12-31 | $3.15bn | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2023-01-01 to 2023-12-31 | $2.50bn | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Dividends paid | 12 months, 2023-01-01 to 2023-12-31 | $522.0m | us-gaap:PaymentsOfDividendsCommonStock |
| Share repurchases | 12 months, 2023-01-01 to 2023-12-31 | $13.0m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Cash and equivalents | at 2023-12-31 | $1.20bn | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2023-12-31 | $14.04bn | us-gaap:AssetsCurrent |
| Total assets | at 2023-12-31 | $32.26bn | us-gaap:Assets |
| Current liabilities | at 2023-12-31 | $13.23bn | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2023-12-31 | $19.98bn | us-gaap:Liabilities |
| Long-term debt | at 2023-12-31 | $4.17bn | us-gaap:LongTermDebtNoncurrent |
| Current portion of debt | at 2023-12-31 | $819.0m | us-gaap:LongTermDebtCurrent |
| Short-term borrowings | at 2023-12-31 | $511.0m | us-gaap:ShortTermBorrowings |
| Shareholders' equity | at 2023-12-31 | $11.88bn | us-gaap:StockholdersEquity |
| Shares outstanding | at 2023-12-31 | 286,554,574 shares | dei:EntityCommonStockSharesOutstanding |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/749098/000119312524080656/d522979d40f.htm

Filed Mar 28, 2024.
Source: SEC EDGAR, the filing index for accession 0001193125-24-080656. Last ingested by Listed: Oct 30, 2026, 15:54 ET. No prices; not investment advice.