DANA Inc
Business
Dana Inc is a global supplier of power-conveyance and energy-management solutions for on-highway vehicles, serving light and commercial vehicle original equipment manufacturers. The company manufactures axles, driveshafts, transmissions, sealing and thermal products, and electrification products including motors, inverters, and controllers for internal combustion engine, hybrid, and electric vehicles. Dana operates through two reportable segments: Light Vehicle Drive Systems and Commercial Vehicle Drive and Motion Systems, serving customers in North America, Europe, South America, and Asia Pacific.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is DANA Inc's CIK number?
DANA Inc's SEC CIK number is 0000026780 (26780). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DANA Inc's SEC filings?
All of DANA Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did DANA Inc last report earnings?
DANA Inc (DAN) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-226967). This is DANA Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is DANA Inc's most recent earnings 8-K?
DANA Inc's latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001193125-26-226967. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View DANA Inc's latest earnings 8-K →
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