2023 Q3 Form 10-Q Financial Statement
#000114036123038801 Filed on August 09, 2023
Income Statement
| Concept | 2023 Q3 |
|---|---|
| Revenue | $3.229B |
| YoY Change | -13.34% |
| Cost Of Revenue | $2.649B |
| YoY Change | -14.69% |
| Gross Profit | $580.0M |
| YoY Change | -6.6% |
| Gross Profit Margin | 17.96% |
| Selling, General & Admin | $215.0M |
| YoY Change | 0.0% |
| % of Gross Profit | 37.07% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $207.0M |
| YoY Change | 1.97% |
| % of Gross Profit | 35.69% |
| Operating Expenses | $276.0M |
| YoY Change | 28.37% |
| Operating Profit | $304.0M |
| YoY Change | -9.52% |
| Interest Expense | -$78.00M |
| YoY Change | 11.43% |
| % of Operating Profit | -25.66% |
| Other Income/Expense, Net | -$11.00M |
| YoY Change | 57.14% |
| Pretax Income | $178.0M |
| YoY Change | -31.27% |
| Income Tax | $35.00M |
| % Of Pretax Income | 19.66% |
| Net Earnings | $143.0M |
| YoY Change | -30.92% |
| Net Earnings / Revenue | 4.43% |
| Basic Earnings Per Share | $1.20 |
| Diluted Earnings Per Share | $1.20 |
| COMMON SHARES | |
| Basic Shares Outstanding | 118.7M |
| Diluted Shares Outstanding | 121.1M |
Balance Sheet
| Concept | 2023 Q3 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $633.0M |
| YoY Change | 20.11% |
| Cash & Equivalents | $633.0M |
| Short-Term Investments | |
| Other Short-Term Assets | $229.0M |
| YoY Change | -3.38% |
| Inventory | $1.730B |
| Prepaid Expenses | |
| Receivables | $1.748B |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $4.340B |
| YoY Change | -7.97% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $5.262B |
| YoY Change | 15.39% |
| Goodwill | $4.981B |
| YoY Change | |
| Intangibles | $1.703B |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $117.0M |
| YoY Change | -19.31% |
| Total Long-Term Assets | $12.21B |
| YoY Change | 0.33% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $4.340B |
| Total Long-Term Assets | $12.21B |
| Total Assets | $16.55B |
| YoY Change | -1.99% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $1.159B |
| YoY Change | -23.65% |
| Accrued Expenses | $359.0M |
| YoY Change | 235.51% |
| Deferred Revenue | $108.0M |
| YoY Change | 6.93% |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $12.00M |
| YoY Change | -20.0% |
| Total Short-Term Liabilities | $2.325B |
| YoY Change | -11.6% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $9.200B |
| YoY Change | -3.04% |
| Other Long-Term Liabilities | $1.085B |
| YoY Change | 173.3% |
| Total Long-Term Liabilities | $10.29B |
| YoY Change | 2490.68% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $2.325B |
| Total Long-Term Liabilities | $10.29B |
| Total Liabilities | $13.16B |
| YoY Change | -4.46% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | $2.344B |
| YoY Change | 3.81% |
| Common Stock | $1.223B |
| YoY Change | 4.35% |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $3.387B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $16.55B |
| YoY Change | -1.99% |
Cashflow Statement
| Concept | 2023 Q3 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $143.0M |
| YoY Change | -30.92% |
| Depreciation, Depletion And Amortization | $207.0M |
| YoY Change | 1.97% |
| Cash From Operating Activities | $322.0M |
| YoY Change | -10.31% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | $175.0M |
| YoY Change | -192.59% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $0.00 |
| YoY Change | -100.0% |
| Cash From Investing Activities | -$175.0M |
| YoY Change | 186.89% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | -$74.00M |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -214.0M |
| YoY Change | -41.37% |
| NET CHANGE | |
| Cash From Operating Activities | 322.0M |
| Cash From Investing Activities | -175.0M |
| Cash From Financing Activities | -214.0M |
| Net Change In Cash | -67.00M |
| YoY Change | 0.0% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $322.0M |
| Capital Expenditures | $175.0M |
| Free Cash Flow | $147.0M |
| YoY Change | -73.18% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity File Number
EntityFileNumber
|
001-35672 | ||
| dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
IN | ||
| dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
20-5234618 | ||
| dei |
Trading Symbol
TradingSymbol
|
BERY | ||
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
| dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
| us-gaap |
Restructuring Settlement And Impairment Provisions
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|
74000000 | ||
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Asset Impairment Charges
AssetImpairmentCharges
|
5000000 | ||
| CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1200000 | |
| dei |
Amendment Flag
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|
false | ||
| dei |
Current Fiscal Year End Date
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--10-01 | ||
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Document Fiscal Year Focus
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2023 | ||
| dei |
Document Fiscal Period Focus
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Q3 | ||
| dei |
Entity Central Index Key
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0001378992 | ||
| dei |
Document Type
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10-Q | ||
| dei |
Document Quarterly Report
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true | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-07-01 | ||
| 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 Postal Zip Code
EntityAddressPostalZipCode
|
47710 | ||
| dei |
City Area Code
CityAreaCode
|
812 | ||
| dei |
Local Phone Number
LocalPhoneNumber
|
424-2904 | ||
| dei |
Security12b Title
Security12bTitle
|
Common Stock, $0.01 par value per share | ||
| dei |
Security Exchange Name
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NYSE | ||
| dei |
Entity Interactive Data Current
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Yes | ||
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Entity Filer Category
EntityFilerCategory
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Large Accelerated Filer | ||
| dei |
Entity Small Business
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false | ||
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Entity Shell Company
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false | ||
| CY2023Q3 | dei |
Entity Common Stock Shares Outstanding
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118100000 | |
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Gain Loss On Sale Of Derivatives
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-36000000 | ||
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Gain Loss On Sale Of Derivatives
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-69000000 | ||
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Proceeds From Divestiture Of Businesses
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|
0 | ||
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Proceeds From Divestiture Of Businesses
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125000000 | ||
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Payments To Acquire Businesses And Other
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88000000 | ||
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Payments To Acquire Businesses And Other
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-6000000 | ||
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Number Of Reportable Segments
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4 | ||
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Restructuring And Related Cost Term
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P3Y | ||
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1200000 |
