$BERY
BERRY GLOBAL GROUP, INC.

2022 Q3 Form 10-Q Financial Statement

#000114036122028207 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2021 Q4 2021 Q3
Revenue $3.726B $3.669B $3.675B
YoY Change 1.39% 22.17%
Cost Of Revenue $3.105B $3.079B $3.049B
YoY Change 1.84% 30.19%
Gross Profit $621.0M $590.0M $626.0M
YoY Change -0.8% -6.01%
Gross Profit Margin 16.67% 16.08% 17.03%
Selling, General & Admin $215.0M $199.0M $207.0M
YoY Change 3.86% -5.48%
% of Gross Profit 34.62% 33.73% 33.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $203.0M $215.0M $212.0M
YoY Change -4.25% 2.42%
% of Gross Profit 32.69% 36.44% 33.87%
Operating Expenses $215.0M $268.0M $207.0M
YoY Change 3.86% -29.35%
Operating Profit $336.0M $322.0M $343.0M
YoY Change -2.04% -8.04%
Interest Expense -$70.00M -$79.00M -$76.00M
YoY Change -7.89% -20.83%
% of Operating Profit -20.83% -24.53% -22.16%
Other Income/Expense, Net -$7.000M -$5.000M -$14.00M
YoY Change -50.0% -44.0%
Pretax Income $259.0M $227.0M $253.0M
YoY Change 2.37% 10.96%
Income Tax $52.00M -$1.000M $59.00M
% Of Pretax Income 20.08% -0.44% 23.32%
Net Earnings $207.0M $228.0M $194.0M
YoY Change 6.7% -0.51%
Net Earnings / Revenue 5.56% 6.21% 5.28%
Basic Earnings Per Share $1.61 $1.44
Diluted Earnings Per Share $1.58 $1.627M $1.40
COMMON SHARES
Basic Shares Outstanding 128.6M 135.6M 135.1M
Diluted Shares Outstanding 130.7M 138.5M

Balance Sheet

Concept 2022 Q3 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $527.0M $1.091B $804.0M
YoY Change -34.45% 7.2%
Cash & Equivalents $527.0M $1.091B $804.0M
Short-Term Investments
Other Short-Term Assets $237.0M $217.0M $198.0M
YoY Change 19.7% -40.0%
Inventory $1.978B $1.907B $1.735B
Prepaid Expenses
Receivables $1.974B $1.879B $1.851B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.716B $5.094B $4.588B
YoY Change 2.79% 20.2%
LONG-TERM ASSETS
Property, Plant & Equipment $4.560B $4.677B $5.308B
YoY Change -14.09% 3.61%
Goodwill $5.192B
YoY Change
Intangibles $2.242B
YoY Change
Long-Term Investments
YoY Change
Other Assets $145.0M $115.0M $82.00M
YoY Change 76.83% -9.89%
Total Long-Term Assets $12.17B $12.79B $12.99B
YoY Change -6.31% 0.81%
TOTAL ASSETS
Total Short-Term Assets $4.716B $5.094B $4.588B
Total Long-Term Assets $12.17B $12.79B $12.99B
Total Assets $16.89B $17.88B $17.58B
YoY Change -3.94% 5.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.518B $2.041B $1.556B
YoY Change -2.44% 39.55%
Accrued Expenses $107.0M $449.0M $441.0M
YoY Change -75.74% 0.46%
Deferred Revenue $101.0M $104.0M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $21.00M $225.0M
YoY Change -93.33% 200.0%
Total Short-Term Liabilities $2.630B $3.186B $2.879B
YoY Change -8.65% 31.88%
LONG-TERM LIABILITIES
Long-Term Debt $9.488B $9.439B $9.469B
YoY Change 0.2% -6.82%
Other Long-Term Liabilities $397.0M $767.0M $1.730B
YoY Change -77.05% 4.03%
Total Long-Term Liabilities $397.0M $767.0M $11.20B
YoY Change -96.46% -5.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.630B $3.186B $2.879B
Total Long-Term Liabilities $397.0M $767.0M $11.20B
Total Liabilities $13.78B $14.70B $14.62B
YoY Change -5.8% 0.1%
SHAREHOLDERS EQUITY
Retained Earnings $2.258B $2.341B
YoY Change
Common Stock $1.172B $1.135B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.109B $3.180B $2.953B
YoY Change
Total Liabilities & Shareholders Equity $16.89B $17.88B $17.58B
YoY Change -3.94% 5.25%

Cashflow Statement

Concept 2022 Q3 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income $207.0M $228.0M $194.0M
YoY Change 6.7% -0.51%
Depreciation, Depletion And Amortization $203.0M $215.0M $212.0M
YoY Change -4.25% 2.42%
Cash From Operating Activities $359.0M $668.0M $274.0M
YoY Change 31.02% -50.27%
INVESTING ACTIVITIES
Capital Expenditures -$189.0M -$156.0M -$156.0M
YoY Change 21.15% -4.88%
Acquisitions
YoY Change
Other Investing Activities $128.0M $0.00 $22.00M
YoY Change 481.82%
Cash From Investing Activities -$61.00M -$156.0M -$134.0M
YoY Change -54.48% -18.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -365.0M -207.0M -190.0M
YoY Change 92.11% -65.64%
NET CHANGE
Cash From Operating Activities 359.0M 668.0M 274.0M
Cash From Investing Activities -61.00M -156.0M -134.0M
Cash From Financing Activities -365.0M -207.0M -190.0M
Net Change In Cash -67.00M 305.0M -50.00M
YoY Change 34.0% -69.88%
FREE CASH FLOW
Cash From Operating Activities $359.0M $668.0M $274.0M
Capital Expenditures -$189.0M -$156.0M -$156.0M
Free Cash Flow $548.0M $824.0M $430.0M
YoY Change 27.44% -39.86%

Facts In Submission

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dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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Q3
dei Entity Central Index Key
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us-gaap Gain Loss On Sale Of Derivatives
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us-gaap Payments For Proceeds From Other Investing Activities
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<span style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000;"><span style="font-size: 10pt; font-family: 'Times New Roman'; color: #000000;">The Company has recast certain prior period amounts to conform to current reporting.</span></span>
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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dei Document Period End Date
DocumentPeriodEndDate
2022-07-02
dei Document Type
DocumentType
10-Q
dei Document Transition Report
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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 Interactive Data Current
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Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
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dei Entity Emerging Growth Company
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dei Entity Shell Company
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us-gaap Fiscal Period
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<span style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000;">The Company’s U.S. based results for fiscal 2022 and fiscal 2021 are based on a fifty-two and fifty-three week period, respectively.  The extra week in fiscal 2021 occurred in the first quarter.</span>
us-gaap Proceeds From Issuance Of Long Term Debt
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CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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