$BERY
BERRY GLOBAL GROUP, INC.

2021 Q1 Form 10-Q Financial Statement

#000114036121003601 Filed on February 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q3
Revenue $3.136B $3.008B
YoY Change 5.41% -0.36%
Cost Of Revenue $2.518B $2.342B
YoY Change 5.31% -6.73%
Gross Profit $618.0M $666.0M
YoY Change 5.82% 31.1%
Gross Profit Margin 19.71% 22.14%
Selling, General & Admin $241.0M $219.0M
YoY Change 18.14% 14.66%
% of Gross Profit 39.0% 32.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $215.0M $207.0M
YoY Change 0.94% -4.17%
% of Gross Profit 34.79% 31.08%
Operating Expenses $315.0M $293.0M
YoY Change 12.1% 10.15%
Operating Profit $303.0M $373.0M
YoY Change 0.0% 54.13%
Interest Expense -$97.00M -$96.00M
YoY Change -12.61% -33.33%
% of Operating Profit -32.01% -25.74%
Other Income/Expense, Net -$21.00M -$25.00M
YoY Change -225.0%
Pretax Income $182.0M $228.0M
YoY Change 5.2% -16.79%
Income Tax $52.00M $33.00M
% Of Pretax Income 28.57% 14.47%
Net Earnings $130.0M $195.0M
YoY Change 3.17% -14.85%
Net Earnings / Revenue 4.15% 6.48%
Basic Earnings Per Share
Diluted Earnings Per Share $958.0K $1.418M
COMMON SHARES
Basic Shares Outstanding 134.0M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $847.0M $750.0M
YoY Change -11.12% 0.0%
Cash & Equivalents $847.0M $750.0M
Short-Term Investments
Other Short-Term Assets $177.0M $330.0M
YoY Change -10.15% 110.19%
Inventory $1.503B $1.268B
Prepaid Expenses
Receivables $1.456B $1.469B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.983B $3.817B
YoY Change -1.73% 1.6%
LONG-TERM ASSETS
Property, Plant & Equipment $5.306B $5.123B
YoY Change 5.26% 8.68%
Goodwill $5.173B
YoY Change 2.42%
Intangibles $2.497B
YoY Change -10.18%
Long-Term Investments
YoY Change
Other Assets $86.00M $91.00M
YoY Change -1.15% -45.51%
Total Long-Term Assets $13.19B $12.88B
YoY Change 2.3% 1.35%
TOTAL ASSETS
Total Short-Term Assets $3.983B $3.817B
Total Long-Term Assets $13.19B $12.88B
Total Assets $17.18B $16.70B
YoY Change 1.34% 1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.193B $1.115B
YoY Change -3.09% -3.8%
Accrued Expenses $428.0M $439.0M
YoY Change 282.14% -43.43%
Deferred Revenue $110.0M $104.0M
YoY Change -8.77%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $71.00M $75.00M
YoY Change -1.39% -27.88%
Total Short-Term Liabilities $2.295B $2.183B
YoY Change 4.22% 7.06%
LONG-TERM LIABILITIES
Long-Term Debt $10.01B $10.16B
YoY Change -9.35% -9.76%
Other Long-Term Liabilities $1.890B $1.663B
YoY Change 30.8% 295.01%
Total Long-Term Liabilities $11.90B $11.83B
YoY Change -4.71% -7.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.295B $2.183B
Total Long-Term Liabilities $11.90B $11.83B
Total Liabilities $14.73B $14.61B
YoY Change -3.71% -1.63%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.445B $2.092B
YoY Change
Total Liabilities & Shareholders Equity $17.18B $16.70B
YoY Change 1.34% 1.41%

Cashflow Statement

Concept 2021 Q1 2020 Q3
OPERATING ACTIVITIES
Net Income $130.0M $195.0M
YoY Change 3.17% -14.85%
Depreciation, Depletion And Amortization $215.0M $207.0M
YoY Change 0.94% -4.17%
Cash From Operating Activities $315.0M $551.0M
YoY Change 0.0% -12.54%
INVESTING ACTIVITIES
Capital Expenditures -$162.0M -$164.0M
YoY Change 40.87% 28.13%
Acquisitions
YoY Change
Other Investing Activities $140.0M $0.00
YoY Change -40.68% -100.0%
Cash From Investing Activities -$22.00M -$164.0M
YoY Change -118.18% -97.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -234.0M -553.0M
YoY Change 77.27% -109.44%
NET CHANGE
Cash From Operating Activities 315.0M 551.0M
Cash From Investing Activities -22.00M -164.0M
Cash From Financing Activities -234.0M -553.0M
Net Change In Cash 59.00M -166.0M
YoY Change -80.59% -132.94%
FREE CASH FLOW
Cash From Operating Activities $315.0M $551.0M
Capital Expenditures -$162.0M -$164.0M
Free Cash Flow $477.0M $715.0M
YoY Change 10.93% -5.67%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001378992
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-02
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
dei Document Type
DocumentType
10-Q
CY2020Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
162000000
CY2021Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-01-02
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-35672
dei Entity Registrant Name
EntityRegistrantName
BERRY GLOBAL GROUP, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Address Address Line1
EntityAddressAddressLine1
101 Oakley Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Evansville
dei Entity Address State Or Province
EntityAddressStateOrProvince
IN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
47710
dei City Area Code
CityAreaCode
812
dei Local Phone Number
LocalPhoneNumber
424-2904
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-5234618
dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value per share
dei Trading Symbol
TradingSymbol
BERY
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
134000000.0
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25000000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25000000
CY2019Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
29000000
CY2019Q4 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000000
CY2019Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
13000000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.29
us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
-0.05
bery Effective Income Tax Rate Reconciliation Foreign Income Taxed In Us Percent
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxedInUSPercent
-0.03

Files In Submission

Name View Source Status
0001140361-21-003601-index-headers.html Edgar Link pending
0001140361-21-003601-index.html Edgar Link pending
0001140361-21-003601.txt Edgar Link pending
0001140361-21-003601-xbrl.zip Edgar Link pending
bery-20210102.xsd Edgar Link pending
bery-20210102_cal.xml Edgar Link unprocessable
bery-20210102_def.xml Edgar Link unprocessable
bery-20210102_lab.xml Edgar Link unprocessable
bery-20210102_pre.xml Edgar Link unprocessable
exhibit311.htm Edgar Link pending
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