O-I Glass, Inc. (OI) financial statements (2022 and earlier)

Company profile

Business Address ONE MICHAEL OWENS WAY
PERRYSBURG, OH 43551-2999
State of Incorp. DE
Fiscal Year End December 31
SIC 3221 - Glass Containers (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 investments725563551512492492399
Cash and cash equivalents725563551512492492399
Receivables692623621549663626562
Inventory, net of allowances, customer advances and progress billings8168411,0451,0181,0369831,007
Inventory8168411,0451,0181,0369831,007
Prepaid expense     5052
Derivative instruments and hedges, assets1413819   
Assets held-for-sale, not part of disposal group49      
Other undisclosed current assets223257263259229103314
Total current assets:2,5192,2972,4882,3572,4202,2542,334
Noncurrent Assets
Property, plant and equipment2,8172,9073,2733,0853,1312,8802,961
Long-term investments and receivables643673694698525433409
Long-term investments643673694698525433409
Intangible assets, net (including goodwill)2,1262,2762,3052,9133,0292,9263,086
Goodwill1,8401,9511,9342,5132,5902,4622,489
Intangible assets, net (excluding goodwill)286325371400439464597
Derivative instruments and hedges512306   
Other noncurrent assets577662808602602602599
Defined benefit plan, assets for plan benefits494032
Other undisclosed noncurrent assets145551238   
Total noncurrent assets:6,3136,5857,1227,3427,3366,8817,087
TOTAL ASSETS:8,8328,8829,6109,6999,7569,1359,421
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4161,2931,4401,8871,9031,7501,764
Accounts payable1,2101,1261,2761,3211,3241,1351,212
Accrued liabilities   375378383371
Employee-related liabilities165145132157166174145
Taxes payable41223234355836
Debt72197124160162 228
Derivative instruments and hedges, liabilities   3   
Disposal group, including discontinued operation13   115  
Other liabilities345408431   552
Other undisclosed current liabilities   157100310(422)
Total current liabilities:1,8461,8981,9952,2072,2802,0602,122
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,9155,1305,6365,1815,1215,1335,345
Long-term debt, excluding current maturities4,7534,9455,435    
Finance lease, liability849263
Operating lease, liability7893138
Other undisclosed long-term debt and lease obligation   5,1815,1215,1335,345
Liabilities, other than long-term debt8231,3221,1549789461,002988
Deferred tax liabilities, net9699100124
Deferred income tax liabilities102109110
Liability, pension and other postretirement and postemployment benefits390634663679638714659
Other liabilities289424357194209188205
Derivative instruments and hedges, liabilities42155249   
Other undisclosed noncurrent liabilities421131261433482577392
Total noncurrent liabilities:6,1596,5837,0516,5926,5496,7126,725
Total liabilities:8,0058,4819,0468,7998,8298,7728,847
Stockholders' equity
Stockholders' equity attributable to parent720297467786808254466
Common stock2222222
Treasury stock, value(701)(714)(733)(705)(551)(560)(573)
Additional paid in capital3,0903,1293,1303,1243,0993,0803,064
Accumulated other comprehensive loss(1,972)(2,272)(1,843)(1,968)(1,826)(2,172)(2,017)
Retained earnings (accumulated deficit)301152(89)33384(96)(10)
Stockholders' equity attributable to noncontrolling interest10710497114119109108
Total stockholders' equity:827401564900927363574
TOTAL LIABILITIES AND EQUITY:8,8328,8829,6109,6999,7569,1359,421

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
Revenues6,3576,0916,6916,8776,8696,7026,156
Revenue, net6,8696,7026,156
Cost of revenue
(Cost of Goods and Services Sold)
(5,266)(5,119)(5,483)(5,594)(5,736)(5,490)(5,046)
Gross profit:1,0919721,2081,2831,1331,2121,110
Operating expenses(550)(620)(621)(655)(77)(697)(620)
Other operating income (expense), net(118)87(729)(269) (76)(320)
Operating income (loss):423439(142)3591,056439170
Nonoperating expense
(Other Nonoperating expense)
      (320)
Interest and debt expense(216)(265)(311)(261)(268)(272)(251)
Income (loss) from continuing operations before equity method investments, income taxes:207174(453)98788167(401)
Income from equity method investments90377877 6060
Other undisclosed income (loss) from continuing operations before income taxes35142114102(513)129400
Income (loss) from continuing operations before income taxes:332353(261)27727535659
Income tax expense(167)(89)(118)(108)(70)(119)(106)
Income (loss) from continuing operations:165264(379)169205237(47)
Income (loss) from discontinued operations7 (3)113(3)(7)(4)
Net income (loss):172264(382)282202230(51)
Net loss attributable to noncontrolling interest(23)(15)(18)(25)(22)(21)(23)
Net income (loss) available to common stockholders, diluted:149249(400)257180209(74)

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):172264(382)282202230(51)
Other comprehensive income (loss)295(429)107(150)351(159)(539)
Comprehensive income (loss):467(165)(275)13255371(590)
Comprehensive loss, net of tax, attributable to noncontrolling interest(18)(15)(18)(17)(27)(17)(7)
Other undisclosed comprehensive income, net of tax, attributable to parent  18    
Comprehensive income (loss), net of tax, attributable to parent:449(180)(275)11552654(597)

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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