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MGA (Magna International) Cash Paid for Insurance Activities


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What is Magna International Cash Paid for Insurance Activities?

Cash Paid for Insurance Activities only applicable to companies reporting Cash Flow from Operations in direct method.

Magna International Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Cash Paid for Insurance Activities
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Traded in Other Exchanges
MGA N:Mexico MGA:Germany MG:Canada
Address
337 Magna Drive, Aurora, ON, CAN, L4G 7K1
Website
https://www.magna.com
Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's USD 42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%. Magna was founded in 1957, has over 179,000 employees, and is based in Aurora, Ontario.