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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments551512492492399512
Cash and cash equivalents551512492492399512
Receivables621549663626562744
Inventory, net of allowances, customer advances and progress billings1,0451,0181,0369831,0071,035
Inventory1,0451,0181,0369831,0071,035
Prepaid expense   505280
Derivative instruments and hedges, assets819    
Other undisclosed current assets263259229103314 
Total current assets:2,4882,3572,4202,2542,3342,371
Noncurrent Assets
Property, plant and equipment3,2733,0853,1312,8802,9612,445
Long-term investments and receivables694698525433409427
Long-term investments694698525433409427
Intangible assets, net (including goodwill)2,3052,9133,0292,9263,0861,911
Goodwill1,9342,5132,5902,4622,4891,893
Intangible assets, net (excluding goodwill)37140043946459718
Derivative instruments and hedges306    
Deferred costs     21
Other noncurrent assets808602602602599700
Defined benefit plan, assets for plan benefits49403222
Other undisclosed noncurrent assets1238   (39)
Total noncurrent assets:7,1227,3427,3366,8817,0875,487
TOTAL ASSETS:9,6109,6999,7569,1359,4217,858
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4401,8871,9031,7501,7641,697
Accounts payable1,2761,3211,3241,1351,2121,137
Accrued liabilities 375378383371372
Employee-related liabilities132157166174145145
Taxes payable323435583643
Debt124160162 228488
Derivative instruments and hedges, liabilities 3    
Disposal group, including discontinued operation  115   
Other liabilities431   552560
Other undisclosed current liabilities 157100310(422)(417)
Total current liabilities:1,9952,2072,2802,0602,1222,328
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,6365,1815,1215,1335,3452,972
Long-term debt, excluding current maturities5,435     
Finance lease, liability63
Operating lease, liability138
Other undisclosed long-term debt and lease obligation 5,1815,1215,1335,3452,972
Liabilities, other than long-term debt1,1549789461,002988991
Deferred tax liabilities, net9699100124121
Deferred income tax liabilities110
Liability, pension and other postretirement and postemployment benefits663679638714659643
Other liabilities357194209188205227
Derivative instruments and hedges, liabilities249    
Other undisclosed noncurrent liabilities261433482577687292
Total noncurrent liabilities:7,0516,5926,5496,7127,0204,255
Total liabilities:9,0468,7998,8298,7729,1426,583
Stockholders' equity
Stockholders' equity attributable to parent4677868082541711,158
Common stock222222
Treasury stock, value(733)(705)(551)(560)(573)(480)
Additional paid in capital3,1303,1243,0993,0803,0643,066
Accumulated other comprehensive loss(1,843)(1,968)(1,826)(2,172)(2,017)(1,494)
Retained earnings (accumulated deficit)(89)33384(96)(305)64
Stockholders' equity attributable to noncontrolling interest97114119109108117
Total stockholders' equity:5649009273632791,275
TOTAL LIABILITIES AND EQUITY:9,6109,6999,7569,1359,4217,858

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6,6916,8776,8696,7026,1566,784
Revenue, net6,8696,7026,1566,784
Cost of revenue
(Cost of Goods and Services Sold)
(5,483)(5,594)(5,736)(5,490)(5,046)(5,531)
Gross profit:1,2081,2831,1331,2121,1101,253
Operating expenses(621)(655)(77)(697)(620)(760)
Other operating expense, net(729)(269) (76)(111)(283)
Operating income (loss):(142)3591,056439379210
Nonoperating expense
(Other Nonoperating expense)
    (111)(283)
Interest and debt expense(311)(261)(268)(272)(251)(230)
Income (loss) from continuing operations before equity method investments, income taxes:(453)9878816717(303)
Income from equity method investments7877 606064
Other undisclosed income (loss) from continuing operations before income taxes114102(513)129191457
Income (loss) from continuing operations before income taxes:(261)277275356268218
Income tax expense(118)(108)(70)(119)(106)(92)
Income (loss) from continuing operations:(379)169205237162126
Income (loss) from discontinued operations(3)113(3)(7)(4)(23)
Net income (loss):(382)282202230158103
Net loss attributable to noncontrolling interest(18)(25)(22)(21)(23)(28)
Net income (loss) available to common stockholders, diluted:(400)25718020913575

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(382)282202230158103
Other comprehensive income (loss)107(150)351(159)(539)(394)
Comprehensive income (loss):(275)13255371(381)(291)
Comprehensive loss, net of tax, attributable to noncontrolling interest(18)(17)(27)(17)(7)(7)
Other undisclosed comprehensive income, net of tax, attributable to parent18     
Comprehensive income (loss), net of tax, attributable to parent:(275)11552654(388)(298)

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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