Owens-Illinois, Inc. (OI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments563551512492492399
Cash and cash equivalents563551512492492399
Receivables623621549663626562
Inventory, net of allowances, customer advances and progress billings8411,0451,0181,0369831,007
Inventory8411,0451,0181,0369831,007
Prepaid expense    5052
Derivative instruments and hedges, assets13819   
Other undisclosed current assets257263259229103314
Total current assets:2,2972,4882,3572,4202,2542,334
Noncurrent Assets
Property, plant and equipment2,9073,2733,0853,1312,8802,961
Long-term investments and receivables673694698525433409
Long-term investments673694698525433409
Intangible assets, net (including goodwill)2,2762,3052,9133,0292,9263,086
Goodwill1,9511,9342,5132,5902,4622,489
Intangible assets, net (excluding goodwill)325371400439464597
Derivative instruments and hedges12306   
Other noncurrent assets662808602602602599
Defined benefit plan, assets for plan benefits494032
Other undisclosed noncurrent assets551238   
Total noncurrent assets:6,5857,1227,3427,3366,8817,087
TOTAL ASSETS:8,8829,6109,6999,7569,1359,421
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2931,4401,8871,9031,7501,764
Accounts payable1,1261,2761,3211,3241,1351,212
Accrued liabilities  375378383371
Employee-related liabilities145132157166174145
Taxes payable223234355836
Debt197124160162 228
Derivative instruments and hedges, liabilities  3   
Disposal group, including discontinued operation   115  
Other liabilities408431   552
Other undisclosed current liabilities  157100310(422)
Total current liabilities:1,8981,9952,2072,2802,0602,122
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,1305,6365,1815,1215,1335,345
Long-term debt, excluding current maturities4,9455,435    
Finance lease, liability9263
Operating lease, liability93138
Other undisclosed long-term debt and lease obligation  5,1815,1215,1335,345
Liabilities, other than long-term debt1,3221,1549789461,002988
Deferred tax liabilities, net9699100124
Deferred income tax liabilities109110
Liability, pension and other postretirement and postemployment benefits634663679638714659
Other liabilities424357194209188205
Derivative instruments and hedges, liabilities155249   
Other undisclosed noncurrent liabilities131261433482577687
Total noncurrent liabilities:6,5837,0516,5926,5496,7127,020
Total liabilities:8,4819,0468,7998,8298,7729,142
Stockholders' equity
Stockholders' equity attributable to parent297467786808254171
Common stock222222
Treasury stock, value(714)(733)(705)(551)(560)(573)
Additional paid in capital3,1293,1303,1243,0993,0803,064
Accumulated other comprehensive loss(2,272)(1,843)(1,968)(1,826)(2,172)(2,017)
Retained earnings (accumulated deficit)152(89)33384(96)(305)
Stockholders' equity attributable to noncontrolling interest10497114119109108
Total stockholders' equity:401564900927363279
TOTAL LIABILITIES AND EQUITY:8,8829,6109,6999,7569,1359,421

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,0916,6916,8776,8696,7026,156
Revenue, net6,8696,7026,156
Cost of revenue
(Cost of Goods and Services Sold)
(5,119)(5,483)(5,594)(5,736)(5,490)(5,046)
Gross profit:9721,2081,2831,1331,2121,110
Operating expenses(620)(621)(655)(77)(697)(620)
Other operating income (expense), net87(729)(269) (76)(111)
Operating income (loss):439(142)3591,056439379
Nonoperating expense
(Other Nonoperating expense)
     (111)
Interest and debt expense(265)(311)(261)(268)(272)(251)
Income (loss) from continuing operations before equity method investments, income taxes:174(453)9878816717
Income from equity method investments377877 6060
Other undisclosed income (loss) from continuing operations before income taxes142114102(513)129191
Income (loss) from continuing operations before income taxes:353(261)277275356268
Income tax expense(89)(118)(108)(70)(119)(106)
Income (loss) from continuing operations:264(379)169205237162
Income (loss) from discontinued operations (3)113(3)(7)(4)
Net income (loss):264(382)282202230158
Net loss attributable to noncontrolling interest(15)(18)(25)(22)(21)(23)
Net income (loss) available to common stockholders, diluted:249(400)257180209135

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):264(382)282202230158
Other comprehensive income (loss)(429)107(150)351(159)(539)
Comprehensive income (loss):(165)(275)13255371(381)
Comprehensive loss, net of tax, attributable to noncontrolling interest(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:(180)(275)11552654(388)

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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