Please find below the most recent Financial Review of Magna. This is a summary including consolidated statements of income, consolidated balance sheets, consolidated statements of cash flows, and various ratios. This Financial Review should be read in
conjunction with our Quarterly Reports, and the audited consolidated financial statements and MD&A for the year ended December 31, 2020, included in our 2020 Annual Report to Shareholders available using the Quarterly and Annual Report links above.
A historical Financial Review of Magna for the years ended December 31, 2015, 2016 and 2017 can also be found below. This Review has been prepared using the Company’s previous accounting policy for revenue recognition, and the Company’s previous
In addition to results presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), these Financial Reviews also contain Non-GAAP measures. We believe these non-GAAP financial measures provide additional
information that is useful to investors in evaluating the operating performance of the Company. Readers should be aware that Non-GAAP measures have no standardized meaning under U.S. GAAP, and accordingly, may not be comparable to the calculation
of similar measures by other companies.