DANA Inc

Listed Company

DANCIK 0000026780NYSELarge AcceleratedMotor Vehicle Parts & AccessoriesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.50B

Net Income

$85.00M

Total Assets

$7.81B

Equity

$840.00M

Shares Out

108.64M

Op. Cash Flow

$512.00M

Business

DANA Inc is a global supplier of power-conveyance and energy-management solutions for vehicles and machinery, improving efficiency, performance and sustainability across mobility markets. It offers axles, driveshafts, transmissions, sealing and thermal products, and electrification products including motors, inverters, controllers, e-axles, e-sealing, e-thermal and digital solutions for ICE, hybrid, electric vehicles and stationary industrial applications. The company organizes operations into four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems and Power Technologies. Dana operates and sells products worldwide across North America, Europe, South America and Asia Pacific, primarily through direct OEM relationships.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	7,500	7,734	7,613	10,156	8,945
Cost of sales	6,898	7,356	7,236	9,393	8,108
Selling, general and administrative expenses	387	429	440	495	460
Amortization of intangibles	7	8	8	14	14
Restructuring charges, net	23	70	23	−1	—
Loss on disposal group previously held for sale	—	−26	—	—	—
Other income (expense), net	−46	−21	−14	22	32
Earnings (loss) from continuing operations before interest and income taxes	139	−176	−108	86	395
Loss on extinguishment of debt	—	—	−1	—	−29
Interest income	10	13	15	11	9
Interest expense	181	158	152	128	131
Loss from continuing operations before income taxes	−32	−321	−246	−31	244
Income tax expense	53	31	7	284	72
Equity in earnings (loss) of affiliates	32	10	−9	4	28
Net loss from continuing operations	−53	−342	−262	—	—
Net income from discontinued operations	155	293	310	—	—
Net income (loss)	102	−49	48	−311	200
Less: Noncontrolling interests net income from continuing operations	17	21	22	—	—
Less: Redeemable noncontrolling interests net loss from continuing operations	—	−13	−12	−84	−11
Net income (loss) attributable to the parent company	85	−57	38	−242	197
Basic loss per share from continuing operations (in dollars per share)	−0.52	−2.41	−1.88	—	—
Basic earnings per share from discontinued operations (in dollars per share)	1.16	2.02	2.14	—	—
Basic earnings (loss) per share (in dollars per share)	0.64	−0.39	0.26	−1.69	1.36
Diluted loss per share from continuing operations (in dollars per share)	−0.52	−2.41	−1.88	—	—
Diluted earnings per share from discontinued operations (in dollars per share)	1.16	2.02	2.14	—	—
Diluted earnings (loss) per share (in dollars per share)	0.64	−0.39	0.26	−1.69	1.35
Basic (in shares)	134	145	144	144	145
Diluted (in shares)	134	145	144	144	146

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	469	494	529	425	268
Trade, less allowance for doubtful accounts of $15 in 2025 and $12 in 2024	987	890	1,371	1,374	1,321
Other	254	220	280	202	220
Inventories	1,015	1,047	1,676	1,609	1,564
Other current assets	114	130	200	219	196
Current assets of disposal group held for sale	1,029	923	1,095	—	—
Total current assets	3,868	3,704	4,103	3,829	3,586
Intangibles	71	80	100	201	233
Deferred tax assets	534	514	440	397	580
Other noncurrent assets	102	118	101	123	131
Investments in affiliates	102	125	122	136	174
Operating lease assets	305	260	286	311	247
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	1,872	1,830	1,899	2,193	2,199
Noncurrent assets of disposal group held for sale	954	855	914	—	—
Total assets	7,808	7,486	7,948	7,449	7,632
Short-term debt	615	8	22	52	23
Long-Term Debt and Lease Obligation, Current	30	214	35	8	8
Accounts Payable, Current	1,154	1,120	1,198	1,838	1,571
Accrued payroll and employee benefits	210	176	288	214	184
Taxes on income	75	49	86	54	41
Current portion of operating lease liabilities	41	35	42	36	43
Other accrued liabilities	495	314	373	277	304
Current liabilities of disposable group held for sale	688	645	—	—	—
Total current liabilities	3,308	2,561	2,602	2,479	2,174
Long-term debt, less debt issuance costs of $16 in 2025 and $19 in 2024	2,566	2,387	2,598	2,348	2,386
Noncurrent operating lease liabilities	266	235	284	277	209
Pension and postretirement obligations	249	233	334	298	398
Other noncurrent liabilities	337	322	319	249	292
Noncurrent liabilities of disposal group held for sale	183	163	—	—	—
Total liabilities	6,909	5,901	6,137	5,651	5,459
Commitments and contingencies (Note 15)	—	—	—	—	—
Redeemable noncontrolling interests	—	189	191	195	198
Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares outstanding	0	0	0	0	0
Common stock, 450,000,000 shares authorized, $0.01 par value, 112,284,138 and 144,993,614 shares outstanding	1	2	2	2	2
Additional paid-in capital	1,671	2,282	2,255	2,229	2,427
Retained earnings	235	204	317	321	662
Treasury stock, at cost (1,944,700 and 837,803 shares)	−35	−13	−9	0	—
Accumulated other comprehensive loss	−1,032	−1,142	−990	−1,001	−985
Total parent company stockholders' equity	840	1,333	1,575	1,551	1,922
Noncontrolling interests	59	63	62	52	53
Total equity	899	1,396	1,637	1,603	1,975
Total liabilities, redeemable noncontrolling interests and equity	7,808	7,486	7,965	7,449	7,632

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	345	337	299	365	365
Amortization	12	13	16	23	24
Amortization of deferred financing charges	5	6	5	5	6
Write-off of deferred financing costs	—	—	1	—	8
Earnings of affiliates, net of dividends received	−8	−7	11	23	−10
Stock compensation expense	40	30	26	19	17
Deferred income taxes	−60	−76	−99	153	−1
Pension expense (benefit), net	−2	7	4	−1	−1
Change in working capital	29	33	15	199	−455
Change in other noncurrent assets and liabilities	1	63	—	9	−3
Loss on divestiture of ownership interests	−12	—	—	—	—
Other, net	32	−14	−11	−26	53
Net cash provided by operating activities from continuing operations	329	76	5	—	—
Net cash provided by operating activities from discontinued operations	183	374	471	—	—
Net cash provided by operating activities	512	450	476	649	158
Purchases of property, plant and equipment	−214	−312	−427	−440	−369
Proceeds from sale of property, plant and equipment	13	7	2	3	85
Settlements of undesignated derivatives	−25	−5	−13	−8	—
Proceeds from sale of investments	57	—	—	—	29
Other, net	—	5	1	4	—
Net cash used in investing activities from continuing operations	−169	−305	−437	—	—
Net cash used in investing activities from discontinued operations	−53	−47	−91	—	—
Net cash used in investing activities	−222	−352	−528	−426	−293
Net change in short-term debt	607	−14	−30	33	−3
Proceeds from long-term debt	—	1	458	2	1,157
Repayment of long-term debt	−223	−37	−209	−24	−1,156
Deferred financing payments	—	—	−9	—	−18
Dividends paid to common stockholders	−54	−58	−58	−58	−58
Repurchases of common stock	−650	—	—	−25	−23
Distributions to noncontrolling interests	−17	−20	−10	−9	−15
Collection of note receivable from redeemable noncontrolling interest	—	11	—	—	—
Contributions from redeemable noncontrolling interests	—	18	22	51	14
Swap settlements	−14	—	—	—	—
Other, net	−20	9	−4	−8	2
Net cash provided by (used in) financing activities	−371	−90	160	−42	−127
Net increase (decrease) in cash, cash equivalents and restricted cash	−81	8	108	181	−262
Effect of exchange rate changes on cash balances	55	−59	13	−26	−18

Filings

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