The income statement of Magna International Inc (MGA) provides a comprehensive overview of the company's financial performance. It includes key financial figures such as revenue, gross profit, operating income (EBIT), and net income from stockholders. These numbers reflect the company's ability to generate sales, manage costs, and generate profits. In the most recent financial period, Magna International Inc reported a total revenue of $40.8 billion, representing a significant increase compared to the previous year. The gross profit for the period was $5.4 billion, indicating the profitability of the company's operations. EBIT and EBITDA, which represent earnings before interest, taxes, depreciation, and amortization, were $2.7 billion and $3.4 billion, respectively.
Moving on to the balance sheet, Magna International Inc (MGA) showcases its financial position and solvency. Total assets, including cash equivalents, amounted to $35.6 billion, indicating the company's strong financial position. On the other hand, total liabilities, including net debt, were recorded at $21.1 billion. Stockholders' equity, representing the net worth of the company, stood at $14.5 billion. The free cash flow, generated from operational activities, was $2.1 billion, demonstrating the company's ability to generate cash. Financing cash flow and investing cash flow were $1.5 billion and $0.7 billion, respectively, reflecting the company's financial activities. The operating cash flow, generated from day-to-day operations, was $2.6 billion.