Phinia Inc. Files 2024 10-K

Ticker: PHIN · Form: 10-K · Filed: 2025-02-13T00:00:00.000Z

Sentiment: neutral

Topics: 10-K, annual-report, automotive

TL;DR

Phinia Inc. 2024 10-K is in. Full financials and biz details for FY24 released.

AI Summary

Phinia Inc. filed its 2024 10-K on February 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, a manufacturer of motor vehicle parts and accessories, is incorporated in Delaware and headquartered in Auburn Hills, Michigan. The filing provides detailed financial information and business operations for the reporting period.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Phinia Inc.'s financial performance and business activities for the fiscal year 2024, crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — The provided text is a standard 10-K filing header and does not contain specific risk factors or financial performance indicators that would suggest a particular risk level.

Key Players & Entities

PHINIA INC. (company) — Filer
0001968915 (company) — Central Index Key
3714 (company) — Standard Industrial Classification
DE (company) — State of Incorporation
MI (company) — State of Business Address
248-732-1900 (company) — Business Phone
20241231 (date) — Fiscal Year End
20250213 (date) — Filing Date

FAQ

What is the primary business of Phinia Inc.?

Phinia Inc. is engaged in the manufacturing of motor vehicle parts and accessories, as indicated by its Standard Industrial Classification code 3714.

When did Phinia Inc. file its 10-K report?

Phinia Inc. filed its 10-K report on February 13, 2025.

For which fiscal year is this 10-K report?

This 10-K report is for the fiscal year ending December 31, 2024.

Where is Phinia Inc. headquartered?

Phinia Inc. is headquartered in Auburn Hills, Michigan, with a business address at 3000 University Drive.

What is the Central Index Key (CIK) for Phinia Inc.?

The Central Index Key for Phinia Inc. is 0001968915.

From the Filing

0001968915-25-000006.txt : 20250213 0001968915-25-000006.hdr.sgml : 20250213 20250213105820 ACCESSION NUMBER: 0001968915-25-000006 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 153 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250213 DATE AS OF CHANGE: 20250213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHINIA INC. CENTRAL INDEX KEY: 0001968915 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41708 FILM NUMBER: 25618124 BUSINESS ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 248-732-1900 MAIL ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 10-K 1 phin-20241231.htm 10-K phin-20241231 0001968915 false 2024 FY http://www.phinia.com/20241231#ShortTermDebtAndCurrentMaturitiesOfLongTermDebt http://www.phinia.com/20241231#ShortTermDebtAndCurrentMaturitiesOfLongTermDebt 0.2 P3Y P15Y P3Y P1Y P3Y P1Y http://www.phinia.com/20241231#ShortTermDebtAndCurrentMaturitiesOfLongTermDebt http://www.phinia.com/20241231#ShortTermDebtAndCurrentMaturitiesOfLongTermDebt http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2024#SellingGeneralAndAdministrativeExpense P2Y http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://www.phinia.com/20241231#ShortTermDebtAndCurrentMaturitiesOfLongTermDebt http://www.phinia.com/20241231#ShortTermDebtAndCurrentMaturitiesOfLongTermDebt http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent iso4217:USD xbrli:shares iso4217:USD xbrli:shares phin:day xbrli:pure phin:segment 0001968915 2024-01-01 2024-12-31 0001968915 2024-06-30 0001968915 2025-02-07 0001968915 2024-12-31 0001968915 2023-12-31 0001968915 2023-01-01 2023-12-31 0001968915 2022-01-01 2022-12-31 0001968915 us-gaap:RelatedPartyMember 2024-01-01 2024-12-31 0001968915 us-gaap:RelatedPartyMember 2023-01-01 2023-12-31 0001968915 us-gaap:RelatedPartyMember 2022-01-01 2022-12-31 0001968915 2022-12-31 0001968915 2021-12-31 0001968915 us-gaap:CommonStockMember 2021-12-31 0001968915 us-gaap:TreasuryStockCommonMember 2021-12-31 0001968915 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001968915 us-gaap:RetainedEarningsMember 2021-12-31 0001968915 phin:InvestmentInLieuOfStockholdersEquityMember 2021-12-31 0001968915 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001968915 us-gaap:NoncontrollingInterestMember 2021-12-31 0001968915 phin:InvestmentInLieuOfStockholdersEquityMember 2022-01-01 2022-12-31 0001968915 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0001968915 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001968915 phin:InvestmentInLieuOfStockholdersEquityMember 2022-12-31 0001968915 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001968915 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001968915 phin:InvestmentInLieuOfStockholdersEquityMember 2023-01-01 2023-12-31 0001968915 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001968915 u