Greif Inc. (GEF) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
425 WINTER ROAD DELAWARE, OH 43015 |
| State of Incorp. | DE |
| Fiscal Year End | October 31 |
| Industry (SIC) | 3412 - Metal Shipping Barrels, Drums, Kegs, and Pails (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 4/30/2024 MRQ | 1/31/2024 MRQ | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 179 | 181 | 147 | 125 | 106 | 77 | |||
| Cash and cash equivalents | 179 | 181 | 147 | 125 | 106 | 77 | |||
| Receivables | 639 | 659 | 749 | 890 | 637 | 664 | |||
| Prepaid expense | 67 | 46 | 57 | 54 | 43 | 44 | |||
| Disposal group, including discontinued operation | 5 | 5 | 1 | 7 | 57 | 4 | |||
| Other current assets | 130 | 139 | 141 | 90 | 116 | 101 | |||
| Other undisclosed current assets | 369 | 339 | 403 | 499 | 345 | 358 | |||
| Total current assets: | 1,389 | 1,369 | 1,499 | 1,664 | 1,303 | 1,249 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 31 | 31 | 5 | ||||||
| Operating lease, right-of-use asset | 298 | 290 | 255 | 289 | 308 | ||||
| Property, plant and equipment | 1,572 | 1,563 | 1,455 | 1,521 | 1,527 | 1,690 | |||
| Intangible assets, net (including goodwill) | 2,478 | 2,493 | 2,049 | 2,177 | 2,247 | 2,307 | |||
| Goodwill | 1,704 | 1,693 | 1,465 | 1,515 | 1,518 | 1,518 | |||
| Intangible assets, net (excluding goodwill) | 774 | 800 | 584 | 662 | 729 | 790 | |||
| Deferred income tax assets | 24 | 23 | 10 | 16 | 11 | 16 | |||
| Other noncurrent assets | 140 | 164 | 179 | 121 | 99 | 91 | |||
| Other undisclosed noncurrent assets | 38 | 28 | 23 | 27 | 11 | (4,099) | |||
| Total noncurrent assets: | 4,580 | 4,592 | 3,971 | 4,152 | 4,208 | 6 | |||
| Other undisclosed assets | 4,172 | ||||||||
| TOTAL ASSETS: | 5,969 | 5,961 | 5,470 | 5,816 | 5,511 | 5,427 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 570 | 636 | 910 | 865 | 573 | 578 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 174 | 160 | 122 | 142 | ||
| Accounts payable | 468 | 498 | 561 | 705 | 451 | 435 | |||
| Accrued liabilities | 102 | 138 | 174 | ||||||
| Debt | 110 | 97 | 77 | 171 | 153 | 93 | |||
| Restructuring reserve | 17 | 17 | 12 | 20 | 22 | 11 | |||
| Disposal group, including discontinued operation | 1 | ||||||||
| Other liabilities | 131 | 136 | 174 | 203 | 158 | 144 | |||
| Other undisclosed current liabilities | 55 | 54 | (126) | 54 | 94 | ||||
| Total current liabilities: | 883 | 939 | 1,048 | 1,314 | 1,000 | 825 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,214 | 2,149 | 2,049 | 2,294 | 2,593 | 2,659 | |||
| Long-term debt, excluding current maturities | 2,185 | 2,121 | 1,839 | 2,055 | 2,336 | 2,659 | |||
| Finance lease, liability | 29 | 28 | |||||||
| Liabilities, other than long-term debt | 711 | 761 | 563 | 608 | 697 | 687 | |||
| Accounts payable and accrued liabilities | 21 | 21 | 26 | 28 | 28 | 28 | |||
| Deferred income tax liabilities | 258 | 326 | 344 | 318 | 339 | 313 | |||
| Liability, pension and other postretirement and postemployment benefits | 62 | 63 | 65 | 89 | 149 | 190 | |||
| Accrued environmental loss contingencies | 18 | 17 | 19 | 20 | 20 | 19 | |||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 8 | 8 | |||||||
| Other liabilities | 105 | 94 | 110 | 153 | 152 | 129 | |||
| Operating lease, liability | 246 | 240 | 209 | 240 | 258 | ||||
| Other undisclosed noncurrent liabilities | 43 | ||||||||
| Total noncurrent liabilities: | 2,925 | 2,910 | 2,612 | 2,902 | 3,290 | 3,389 | |||
| Total liabilities: | 3,808 | 3,849 | 3,660 | 4,216 | 4,290 | 4,214 | |||
| Temporary equity, carrying amount | 125 | 125 | 16 | 24 | 20 | 21 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,993 | 1,948 | 1,761 | 1,514 | 1,152 | 1,133 | |||
| Common stock | 222 | 208 | 174 | 179 | 170 | 163 | |||
| Treasury stock, value | (280) | (282) | (205) | (134) | (134) | (135) | |||
| Accumulated other comprehensive loss | (328) | (317) | (302) | (357) | (421) | ||||
| Retained earnings | 2,378 | 2,338 | 2,095 | 1,826 | 1,544 | 1,539 | |||
| Other undisclosed equity, attributable to parent | (428) | (13) | |||||||
| Equity, attributable to noncontrolling interest | 44 | 38 | 33 | 61 | 49 | 58 | |||
| Total equity: | 2,036 | 1,986 | 1,794 | 1,576 | 1,201 | 1,191 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,969 | 5,961 | 5,470 | 5,816 | 5,511 | 5,427 | |||
Income Statement (P&L) ($ in millions)
| 4/30/2024 TTM | 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,153 | 5,219 | 6,350 | 5,556 | 4,515 | 4,595 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (4,037) | (4,073) | (5,064) | (4,463) | (3,600) | (3,635) | ||
| Gross profit: | 1,116 | 1,146 | 1,285 | 1,093 | 915 | 960 | ||
| Operating expenses | (598) | (541) | (664) | (508) | (591) | (567) | ||
| Other undisclosed operating income (loss) | (19) | 6 | ||||||
| Operating income: | 518 | 606 | 621 | 585 | 305 | 399 | ||
| Nonoperating expense (Other Nonoperating expense) | (17) | (11) | (9) | (5) | (3) | (3) | ||
| Interest and debt expense | (2) | (2) | (25) | (22) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (99) | (97) | (61) | (102) | (116) | (113) | ||
| Income from continuing operations before equity method investments, income taxes: | 400 | 495 | 526 | 479 | 186 | 262 | ||
| Income from equity method investments | 2 | 2 | 5 | 4 | 2 | 3 | ||
| Income from continuing operations before income taxes: | 402 | 497 | 531 | 483 | 188 | 265 | ||
| Income tax expense | (42) | (118) | (137) | (70) | (63) | (71) | ||
| Income from continuing operations: | 360 | 379 | 394 | 413 | 124 | 194 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 394 | 413 | 124 | 194 | |
| Net income: | 360 | 379 | 394 | 413 | 124 | 194 | ||
| Net loss attributable to noncontrolling interest | (24) | (20) | (17) | (23) | (16) | (23) | ||
| Net income available to common stockholders, diluted: | 337 | 359 | 377 | 391 | 109 | 171 | ||
Comprehensive Income ($ in millions)
| 4/30/2024 TTM | 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 360 | 379 | 394 | 413 | 124 | 194 | ||
| Net loss attributable to redeemable noncontrolling interest | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | (49) | (14) | 47 | 70 | (7) | (56) | ||
| Comprehensive income: | 312 | 365 | 441 | 483 | 118 | 138 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (24) | (20) | (11) | (21) | (3) | (24) | ||
| Comprehensive income, net of tax, attributable to parent: | 288 | 345 | 431 | 462 | 115 | 114 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.