Lear Corp. (LEA) financial statements: income statement, balance sheet and cash flow

Lear Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Lear Corp. reported revenue of $23.3B (-0.2% year on year) and net income of $527.1M (-10.9% year on year).

Income statement

Lear Corp. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$23.3B	$23.3B	$23.5B	$20.9B
Cost of sales	$21.8B	$21.7B	$21.8B	$19.5B
Selling, general and administrative expenses	$707.6M	$702.5M	$714.7M	$684.8M
Amortization of intangible assets	$19.5M	$49.1M	$62.5M	$70.8M
Interest expense, net	$100.8M	$106.2M	$101.1M	—
Other expense, net	$51.4M	$48.6M	$54.9M	$46.4M
Consolidated income before provision for income taxes and equity in net income of affiliates	$625.1M	$732.9M	$777.2M	$509.3M
Provision for income taxes	$150.0M	$191.1M	$180.8M	$133.7M
Equity in net income of affiliates	($52.0M)	($50.0M)	($49.3M)	($33.1M)
Consolidated net income	$527.1M	$591.8M	$645.7M	$408.7M
Less: Net income attributable to noncontrolling interests	$90.3M	$85.2M	$73.2M	$81.0M
Net income attributable to Lear	$436.8M	$506.6M	$572.5M	$327.7M
Basic net income per share attributable to Lear (in dollars per share)	$8.22	$9.02	$9.73	$5.49
Diluted net income per share attributable to Lear (in dollars per share)	$8.15	$8.97	$9.68	$5.47
Average common shares outstanding (in shares)	53.2M	56.1M	58.8M	59.7M
Average diluted shares outstanding (in shares)	53.6M	56.5M	59.1M	59.9M

Lear Corp. income statement, quarters

Line item	Jul 4, 2026 · Q3	Apr 4, 2026 · Q2	Sep 27, 2025 · Q3	Jun 28, 2025 · Q2
Net sales	$6.2B	$5.8B	$5.7B	$6.0B
Cost of sales	$5.7B	$5.4B	$5.3B	$5.6B
Selling, general and administrative expenses	$197.5M	$190.3M	$166.4M	$186.3M
Amortization of intangible assets	$4.9M	$5.0M	$4.8M	$4.7M
Interest expense, net	$24.2M	$25.6M	$24.6M	$25.4M
Other expense, net	$2.8M	$12.7M	$8.5M	$5.2M
Consolidated income before provision for income taxes and equity in net income of affiliates	$240.9M	$216.7M	$159.4M	$217.5M
Provision for income taxes	$48.5M	$38.4M	$45.1M	$41.6M
Equity in net income of affiliates	($19.3M)	($14.4M)	($12.1M)	($16.0M)
Consolidated net income	$211.7M	$192.7M	$126.4M	$191.9M
Less: Net income attributable to noncontrolling interests	$18.9M	$20.4M	$18.2M	$26.7M
Net income attributable to Lear	$192.8M	$172.3M	$108.2M	$165.2M
Basic net income per share attributable to Lear (in dollars per share)	$3.83	$3.38	$2.03	$3.07
Diluted net income per share attributable to Lear (in dollars per share)	$3.79	$3.34	$2.02	$3.06
Cash dividends declared per share (in dollars per share)	$0.77	$0.77	$0.77	$0.77
Average common shares outstanding (in shares)	50.3M	51.0M	53.2M	53.8M
Average diluted shares outstanding (in shares)	50.8M	51.5M	53.7M	54.1M
Consolidated comprehensive income (Condensed Consolidated Statements of Equity)	$241.5M	$189.5M	$174.8M	$503.4M
Less: Comprehensive income attributable to noncontrolling interests	$21.2M	$22.8M	$18.4M	$28.1M
Comprehensive income attributable to Lear	$220.3M	$166.7M	$156.4M	$475.3M

Balance sheet

Lear Corp. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$1.0B	$1.1B	$1.2B	$1.1B
Accounts receivable	$3.9B	$3.6B	$3.7B	$3.5B
Inventories	$1.7B	$1.6B	$1.8B	$1.6B
Other	$1.0B	$940.8M	$1.0B	$853.7M
Total current assets	$7.7B	$7.2B	$7.6B	$7.0B
Property, plant and equipment, net	$2.9B	$2.8B	$3.0B	$2.9B
Goodwill	$1.8B	$1.7B	$1.7B	$1.7B
Other	$2.5B	$2.3B	$2.3B	$2.3B
Total long-term assets	$7.2B	$6.8B	$7.1B	$6.8B
Total assets	$14.8B	$14.0B	$14.7B	$13.8B
Short-term borrowings	$27.9M	$26.7M	$27.5M	$9.9M
Accounts payable and drafts	$3.4B	$3.3B	$3.4B	$3.2B
Accrued liabilities	$2.2B	$2.2B	$2.2B	$2.0B
Current portion of long-term debt	$3.7M	$2.2M	$300.0K	$10.8M
Total current liabilities	$5.7B	$5.4B	$5.7B	$5.2B
Long-term debt	$2.7B	$2.7B	$2.7B	$2.6B
Other	$1.3B	$1.2B	$1.2B	$1.2B
Total long-term liabilities	$4.0B	$4.0B	$4.0B	$3.7B
Preferred stock, 100,000,000 shares authorized (including 10,896,250 shares of Series A convertible preferred stock authorized); no shares outstanding	0	0	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized; 64,571,405 shares issued as of December 31, 2025 and 2024	600.0K	600.0K	600.0K	600.0K
Additional paid-in capital	$1.1B	$1.1B	$1.1B	$1.0B
Common stock held in treasury, 13,924,658 and 10,993,851 shares as of December 31, 2025 and 2024, respectively, at cost	-1.7B	-1.4B	-1.0B	-753.9M
Retained earnings	$6.2B	$5.9B	$5.6B	$5.2B
Accumulated other comprehensive loss	($544.3M)	($1.1B)	($688.8M)	($805.1M)
Lear Corporation shareholders' equity	$5.0B	$4.5B	$4.9B	$4.7B
Noncontrolling interests	$165.9M	$149.3M	$141.8M	$151.5M
Equity	$5.2B	$4.6B	$5.1B	$4.8B
Total liabilities and equity	$14.8B	$14.0B	$14.7B	$13.8B

Lear Corp. balance sheet, quarters

Line item	Jul 4, 2026	Apr 4, 2026	Sep 27, 2025	Jun 28, 2025
Cash and cash equivalents	$1.0B	$881.9M	$1.0B	$887.9M
Accounts receivable	$4.2B	$4.2B	$4.2B	$4.5B
Inventories	$1.7B	$1.8B	$1.8B	$1.7B
Other	$1.5B	$1.4B	$1.0B	$1.1B
Total current assets	$8.4B	$8.3B	$8.0B	$8.2B
Property, plant and equipment, net	$2.9B	$2.8B	$2.9B	$2.9B
Goodwill	$1.8B	$1.8B	$1.8B	$1.8B
Other	$2.6B	$2.6B	$2.5B	$2.4B
Total long-term assets	$7.3B	$7.2B	$7.1B	$7.1B
Total assets	$15.7B	$15.5B	$15.2B	$15.3B
Short-term borrowings	$28.8M	$28.3M	$27.3M	$27.2M
Accounts payable and drafts	$3.9B	$3.8B	$3.6B	$3.7B
Accrued liabilities	$2.4B	$2.4B	$2.3B	$2.3B
Current portion of long-term debt	$4.0M	$3.8M	$3.7M	$3.6M
Total current liabilities	$6.4B	$6.2B	$5.9B	$6.1B
Long-term debt	$2.7B	$2.7B	$2.8B	$2.8B
Other	$1.2B	$1.3B	$1.2B	$1.2B
Total long-term liabilities	$3.9B	$4.0B	$4.0B	$4.0B
Preferred stock, 100,000,000 shares authorized (including 10,896,250 Series A convertible preferred stock); no shares outstanding	0	0	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized; 64,571,405 shares issued as of July 4, 2026 and December 31, 2025	600.0K	600.0K	600.0K	600.0K
Additional paid-in capital	$1.1B	$1.1B	$1.1B	$1.1B
Common stock held in treasury, 15,037,974 and 13,924,658 shares as of July 4, 2026 and December 31, 2025, respectively, at cost	-1.9B	-1.8B	-1.5B	-1.4B
Retained earnings	$6.5B	$6.3B	$6.1B	$6.1B
Accumulated other comprehensive loss	($522.4M)	($549.9M)	($591.4M)	($639.6M)
Lear Corporation shareholders' equity	$5.2B	$5.1B	$5.1B	$5.1B
Noncontrolling interests	$144.0M	$188.7M	$136.7M	$128.7M
Equity	$5.3B	$5.3B	$5.2B	$5.2B
Total liabilities and equity	$15.7B	$15.5B	$15.2B	$15.3B

Cash flow statement

Lear Corp. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Consolidated net income	$527.1M	$591.8M	$645.7M	$408.7M
Equity in net income of affiliates	($52.0M)	($50.0M)	($49.3M)	($33.1M)
Impairment charges	$64.1M	$10.5M	$29.3M	$29.1M
Deferred tax benefit	($117.0M)	($56.9M)	($58.8M)	($49.4M)
Depreciation and amortization	$604.1M	$620.7M	$604.4M	$576.5M
Stock-based compensation	$66.2M	$64.4M	$67.5M	$52.0M
Net change in recoverable customer engineering, development and tooling	$74.8M	($17.7M)	($42.3M)	($1.2M)
Net change in working capital items (see below)	($167.2M)	($128.8M)	$44.8M	($17.8M)
Changes in other long-term assets	$15.7M	$0	$6.5M	$9.6M
Changes in other long-term liabilities	$31.6M	$25.2M	$17.2M	$8.2M
Non-cash loss on disposal of a non-core business	$2.7M	$24.4M	—	—
Other, net	$38.7M	$36.5M	($15.7M)	$38.8M
Net cash provided by operating activities	$1.1B	$1.1B	$1.2B	$1.0B
Additions to property, plant and equipment	($561.6M)	($558.7M)	($626.5M)	($638.2M)
Acquisitions, net of cash acquired	$0	($800.0K)	($174.5M)	($188.3M)
Other, net	$44.8M	$16.5M	$39.5M	($3.8M)
Net cash used in investing activities	($516.8M)	($543.0M)	($761.5M)	($830.3M)
Short-term borrowings, net	$0	$0	$17.7M	—
Term loan repayments	($50.0M)	($50.0M)	—	$0
Term loan borrowings	$0	$0	$150.0M	—
Repurchases of common stock	($325.2M)	($416.7M)	($296.5M)	($100.3M)
Dividends paid to Lear Corporation shareholders	($164.8M)	($173.7M)	($181.9M)	($185.5M)
Dividends paid to noncontrolling interests	($86.9M)	($74.8M)	($78.7M)	($84.6M)
Other, net	$8.4M	$21.3M	($28.9M)	($24.9M)
Net cash used in financing activities	($618.5M)	($693.9M)	($419.5M)	($387.3M)
Effect of foreign currency translation	$26.4M	($26.3M)	$12.8M	($7.7M)
Net Change in Cash, Cash Equivalents and Restricted Cash	($20.1M)	($143.1M)	$81.1M	($203.9M)
Cash, Cash Equivalents and Restricted Cash as of Beginning of Period	$1.1B	$1.2B	$1.1B	$1.3B
Cash, Cash Equivalents and Restricted Cash as of End of Period	$1.0B	$1.1B	$1.2B	$1.1B
Accounts receivable	($89.3M)	($72.8M)	($148.3M)	($518.8M)
Inventories	$900.0K	$76.9M	($117.9M)	($29.8M)
Accounts payable (including $15.4 million of cash paid in 2023 in conjunction with the acquisition of IGB to settle pre-existing accounts payable)	($28.7M)	($48.8M)	$162.4M	$368.6M
Accrued liabilities and other	($50.1M)	($84.1M)	$148.6M	$162.2M
Net change in working capital items	($167.2M)	($128.8M)	$44.8M	($17.8M)
Cash paid for interest	$114.1M	$115.7M	$112.2M	$96.5M
Cash paid for income taxes, net of refunds received of $29.5 million in 2025, $24.1 million in 2024 and $15.7 million in 2023	$276.8M	$267.5M	$217.6M	$194.6M

Lear Corp. cash flow statement, quarters

Line item	Jul 4, 2026 · YTD	Apr 4, 2026 · Q2	Sep 27, 2025 · YTD	Jun 28, 2025 · YTD
Consolidated net income	$404.4M	$192.7M	$420.8M	$294.4M
Depreciation and amortization	$300.5M	$149.9M	$448.2M	$295.9M
Net change in recoverable customer engineering, development and tooling	($27.5M)	($19.4M)	$31.7M	($35.8M)
Net change in working capital items (see below)	($74.3M)	($209.1M)	($355.3M)	($445.9M)
Other, net	($44.5M)	($16.0M)	$67.5M	$59.9M
Net cash provided by operating activities	$558.6M	$98.1M	$612.9M	$168.5M
Additions to property, plant and equipment	($297.3M)	($124.6M)	($366.8M)	($229.4M)
Other, net	$16.2M	$5.9M	$41.2M	$39.6M
Net cash used in investing activities	($281.1M)	($118.7M)	($325.6M)	($189.8M)
Repurchases of common stock	($175.0M)	($75.0M)	($150.1M)	($47.5M)
Dividends paid to Lear Corporation shareholders	($81.2M)	($42.5M)	($125.4M)	($84.5M)
Dividends paid to noncontrolling interests	($39.8M)	$0	($84.2M)	($44.6M)
Other, net	($24.0M)	($20.1M)	$10.9M	$17.2M
Net cash used in financing activities	($320.0M)	($137.6M)	($348.8M)	($159.4M)
Effect of foreign currency translation	$11.3M	$7.4M	$20.5M	$18.6M
Net Change in Cash, Cash Equivalents and Restricted Cash	($31.2M)	($150.8M)	($41.0M)	($162.1M)
Cash, Cash Equivalents and Restricted Cash as of Beginning of Period	$1.0B	$1.0B	$1.1B	$1.1B
Cash, Cash Equivalents and Restricted Cash as of End of Period	$1.0B	$884.5M	$1.0B	$893.3M
Accounts receivable	($326.9M)	($291.6M)	($427.9M)	($731.0M)
Inventories	($40.7M)	($65.1M)	($73.6M)	$4.5M
Accounts payable	$516.2M	$369.2M	$197.5M	$325.1M
Accrued liabilities and other	($222.9M)	($221.6M)	($51.3M)	($44.5M)
Net change in working capital items	($74.3M)	($209.1M)	($355.3M)	($445.9M)
Cash paid for interest	$55.4M	$23.3M	$81.4M	$58.5M
Cash paid for income taxes, net of refunds received	$137.6M	$55.9M	$212.9M	$151.9M

Lear Corp. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.