Crown Holdings, Inc. (CCK) financial statements (2023 and earlier)

Company profile

Business Address 770 TOWNSHIP LINE ROAD
YARDLEY, PA 19067
State of Incorp. PA
Fiscal Year End December 31
SIC 3411 - Metal Cans (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5311,173607607424559717
Cash and cash equivalents5311,173607607424559717
Restricted cash and investments61645045   
Receivables1,8891,7831,5281,6021,041865912
Inventory, net of allowances, customer advances and progress billings1,7351,6731,6261,6901,3851,2451,213
Inventory1,7351,6731,6261,6901,3851,2451,213
Contract with customer, asset 373016
Disposal group, including discontinued operation97      
Other undisclosed current assets182153161119224172207
Total current assets:4,4954,8834,0024,0793,0742,8413,049
Noncurrent Assets
Operating lease, right-of-use asset191214204
Property, plant and equipment4,0364,1983,8873,7453,2392,8202,699
Intangible assets, net (including goodwill), including:4,5326,4736,4456,6353,5183,2633,580
Goodwill3,0074,5934,4304,4423,0462,7913,003
Intangible assets, net (excluding goodwill)1,5251,8802,0152,193469470575
Other undisclosed intangible assets, net (including goodwill)    322
Other noncurrent assets604902967803832675692
Total noncurrent assets:9,36311,78711,50311,1837,5896,7586,971
TOTAL ASSETS:13,85816,67015,50515,26210,6639,59910,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,8674,0183,7113,7383,1242,7022,645
Accounts payable2,9012,8452,6462,7322,3671,9511,838
Accrued liabilities9661,1731,0651,006   
Employee-related liabilities    162162190
Taxes payable    120107109
Interest and dividends payable    545462
Other undisclosed accounts payable and accrued liabilities    421428446
Debt210188188175126194263
Disposal group, including discontinued operation14      
Other undisclosed current liabilities4255     
Total current liabilities:4,1334,2613,8993,9133,2502,8962,908
Noncurrent Liabilities
Long-term debt and lease obligation6,2028,1877,9748,5175,2174,7175,255
Long-term debt, excluding current maturities6,0528,0237,8188,5175,2174,7175,255
Operating lease, liability150164156
Liabilities, other than long-term debt1,1931,6181,5401,5461,2731,3181,422
Liability, pension and other postretirement and postemployment benefits497762683683588620767
Other liabilities696856857863685698655
Total noncurrent liabilities:7,3959,8059,51410,0636,4906,0356,677
Total liabilities:11,52814,06613,41313,9769,7408,9319,585
Stockholders' equity
Stockholders' equity attributable to parent1,9122,1981,713937601366144
Common stock929929929929929929929
Treasury stock, value(299)(255)(251)(253)(258)(230)(232)
Additional paid in capital 179207186167446426
Accumulated other comprehensive loss(1,898)(3,193)(3,131)(3,374)(3,241)(3,400)(3,154)
Retained earnings3,1804,5383,9593,4493,0042,6212,175
Stockholders' equity attributable to noncontrolling interest418406379349322302291
Total stockholders' equity:2,3302,6042,0921,286923668435
TOTAL LIABILITIES AND EQUITY:13,85816,67015,50515,26210,6639,59910,020

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11,39411,57511,66511,1518,6988,2848,762
Revenue, net8,6988,2848,762
Cost of revenue
(Cost of Goods and Services Sold)
(9,476)(9,663)(9,839)(425)(247)(247)(237)
Gross profit:1,9181,9121,82610,7268,4518,0378,525
Operating expenses(617)(637)(678)(609)(391)(380)(428)
Other undisclosed operating income (loss)62(11)48(9,021)(6,983)(6,636)(7,170)
Operating income:1,3631,2641,1961,0961,0771,021927
Nonoperating income (expense)(1,461)(38)(5)281128(9)
Investment income, nonoperating981721151211
Foreign currency transaction gain (loss), before tax45(1)(9)(18)(4)16(20)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(1,515)(45)(13)25
Interest and debt expense(321)(300)(405)(384)(259)(280)(279)
Income (loss) from continuing operations before equity method investments, income taxes:(419)926786740829769639
Income from equity method investments3654   
Income (loss) from continuing operations before income taxes:(416)932791744829769639
Income tax expense (benefit)57(244)(166)(216)(401)(186)(178)
Income (loss) from continuing operations:(359)688625528428583461
Loss from discontinued operations(52)      
Net income (loss):(411)688625528428583461
Net loss attributable to noncontrolling interest(149)(109)(115)(89)(105)(87)(68)
Net income (loss) available to common stockholders, diluted:(560)579510439323496393

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(411)688625528428583461
Other comprehensive income (loss)1,295(57)245(139)162(246)(393)
Comprehensive income:88463187038959033768
Comprehensive loss, net of tax, attributable to noncontrolling interest(149)(109)(115)(89)(105)(87)(68)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (5)(2)3(3) 4
Comprehensive income, net of tax, attributable to parent:7355177533034822504

Statements sources

The financial statements are based on the company's filings with the 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.

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