$BERY
BERRY GLOBAL GROUP, INC.

2023 Q1 Form 10-Q Financial Statement

#000114036123004170 Filed on February 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q1
Revenue $3.421B $3.573B
YoY Change -6.76% 13.93%
Cost Of Revenue $2.834B $3.038B
YoY Change -7.96% 20.65%
Gross Profit $587.0M $535.0M
YoY Change -0.51% -13.43%
Gross Profit Margin 17.16% 14.97%
Selling, General & Admin $185.0M $235.0M
YoY Change -7.04% -2.49%
% of Gross Profit 31.52% 43.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $199.0M $211.0M
YoY Change -7.44% -1.86%
% of Gross Profit 33.9% 39.44%
Operating Expenses $246.0M $303.0M
YoY Change -8.21% -3.81%
Operating Profit $341.0M $232.0M
YoY Change 5.9% -23.43%
Interest Expense -$74.00M -$71.00M
YoY Change -6.33% -26.8%
% of Operating Profit -21.7% -30.6%
Other Income/Expense, Net -$9.000M $0.00
YoY Change 80.0% -100.0%
Pretax Income $253.0M $158.0M
YoY Change 11.45% -13.19%
Income Tax $20.00M $37.00M
% Of Pretax Income 7.91% 23.42%
Net Earnings $233.0M $121.0M
YoY Change 2.19% -6.92%
Net Earnings / Revenue 6.81% 3.39%
Basic Earnings Per Share $0.86 $0.89
Diluted Earnings Per Share $1.849M $871.1K
COMMON SHARES
Basic Shares Outstanding 121.4M 124.1M 135.4M
Diluted Shares Outstanding 125.2M 138.9M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.410B $582.0M
YoY Change 29.24% -31.29%
Cash & Equivalents $1.410B $582.0M
Short-Term Investments
Other Short-Term Assets $175.0M $237.0M
YoY Change -19.35% 33.9%
Inventory $1.802B $2.041B
Prepaid Expenses
Receivables $1.777B $1.828B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.164B $4.688B
YoY Change 1.37% 17.7%
LONG-TERM ASSETS
Property, Plant & Equipment $4.342B $5.215B
YoY Change -7.16% -1.72%
Goodwill $4.832B
YoY Change -6.93%
Intangibles $1.853B
YoY Change -17.35%
Long-Term Investments
YoY Change
Other Assets $244.0M $109.0M
YoY Change 112.17% 26.74%
Total Long-Term Assets $11.79B $12.65B
YoY Change -7.79% -4.09%
TOTAL ASSETS
Total Short-Term Assets $5.164B $4.688B
Total Long-Term Assets $11.79B $12.65B
Total Assets $16.96B $17.34B
YoY Change -5.18% 0.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.795B $1.582B
YoY Change -12.05% 32.61%
Accrued Expenses $361.0M $370.0M
YoY Change -19.6% -13.55%
Deferred Revenue $103.0M
YoY Change -0.96%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.00M $20.00M
YoY Change -38.1% -71.83%
Total Short-Term Liabilities $2.844B $2.664B
YoY Change -10.73% 16.08%
LONG-TERM LIABILITIES
Long-Term Debt $9.255B $9.411B
YoY Change -1.95% -5.98%
Other Long-Term Liabilities $378.0M $1.394B
YoY Change -50.72% -26.24%
Total Long-Term Liabilities $378.0M $10.81B
YoY Change -50.72% -9.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.844B $2.664B
Total Long-Term Liabilities $378.0M $10.81B
Total Liabilities $13.76B $14.05B
YoY Change -6.41% -4.64%
SHAREHOLDERS EQUITY
Retained Earnings $2.421B
YoY Change 3.42%
Common Stock $1.178B
YoY Change 3.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.196B $3.294B
YoY Change
Total Liabilities & Shareholders Equity $16.96B $17.34B
YoY Change -5.18% 0.96%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q1
OPERATING ACTIVITIES
Net Income $233.0M $121.0M
YoY Change 2.19% -6.92%
Depreciation, Depletion And Amortization $199.0M $211.0M
YoY Change -7.44% -1.86%
Cash From Operating Activities $1.218B -$304.0M
YoY Change 82.34% -196.51%
INVESTING ACTIVITIES
Capital Expenditures -$131.0M -$162.0M
YoY Change -16.03% 0.0%
Acquisitions
YoY Change
Other Investing Activities $73.00M $0.00
YoY Change -100.0%
Cash From Investing Activities -$58.00M -$162.0M
YoY Change -62.82% 636.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $84.00M $5.000M
YoY Change
Cash From Financing Activities -245.0M -40.00M
YoY Change 18.36% -82.91%
NET CHANGE
Cash From Operating Activities 1.218B -304.0M
Cash From Investing Activities -58.00M -162.0M
Cash From Financing Activities -245.0M -40.00M
Net Change In Cash 915.0M -506.0M
YoY Change 200.0% -957.63%
FREE CASH FLOW
Cash From Operating Activities $1.218B -$304.0M
Capital Expenditures -$131.0M -$162.0M
Free Cash Flow $1.349B -$142.0M
YoY Change 63.71% -129.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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FinanceLeasePrincipalPayments
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CY2022Q1 us-gaap Finance Lease Principal Payments
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CY2022Q4 dei Amendment Flag
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CY2022Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2022Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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CY2022Q4 dei Document Fiscal Period Focus
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CY2022Q4 dei Entity Central Index Key
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CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2022Q4 us-gaap Operating Lease Cost
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CY2022Q1 us-gaap Operating Lease Cost
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CY2022Q4 us-gaap Finance Lease Interest Expense
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CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
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0.25

Files In Submission

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