2013 Q1 Form 10-Q Financial Statement

#000121960113000013 Filed on April 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $1.973B $1.947B
YoY Change 1.34% 3.45%
Cost Of Revenue $1.640B $1.618B
YoY Change 1.36% 4.39%
Gross Profit $299.0M $287.0M
YoY Change 4.18% -1.71%
Gross Profit Margin 15.15% 14.74%
Selling, General & Admin $104.0M $106.0M
YoY Change -1.89% 3.92%
% of Gross Profit 34.78% 36.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.00M $42.00M
YoY Change -19.05% 5.0%
% of Gross Profit 11.37% 14.63%
Operating Expenses $104.0M $106.0M
YoY Change -1.89% 3.92%
Operating Profit $223.0M $181.0M
YoY Change 23.2% -4.74%
Interest Expense $60.00M $58.00M
YoY Change 3.45% 3.57%
% of Operating Profit 26.91% 32.04%
Other Income/Expense, Net
YoY Change
Pretax Income $93.00M $122.0M
YoY Change -23.77% 46.99%
Income Tax $24.00M $32.00M
% Of Pretax Income 25.81% 26.23%
Net Earnings $41.00M $69.00M
YoY Change -40.58% 331.25%
Net Earnings / Revenue 2.08% 3.54%
Basic Earnings Per Share $0.29 $0.47
Diluted Earnings Per Share $0.28 $0.46
COMMON SHARES
Basic Shares Outstanding 142.5M shares 147.8M shares
Diluted Shares Outstanding 144.0M shares 150.0M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $304.0M $250.0M
YoY Change 21.6% -38.88%
Cash & Equivalents $304.0M $250.0M
Short-Term Investments
Other Short-Term Assets $193.0M $195.0M
YoY Change -1.03% -4.41%
Inventory $1.352B $1.313B
Prepaid Expenses
Receivables $986.0M $1.066B
Other Receivables $189.0M $0.00
Total Short-Term Assets $3.024B $2.824B
YoY Change 7.08% -8.01%
LONG-TERM ASSETS
Property, Plant & Equipment $1.988B $1.796B
YoY Change 10.69% 5.52%
Goodwill $1.937B $1.998B
YoY Change -3.05%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $752.0M $560.0M
YoY Change 34.29% -14.76%
Total Long-Term Assets $4.677B $4.354B
YoY Change 7.42% -1.18%
TOTAL ASSETS
Total Short-Term Assets $3.024B $2.824B
Total Long-Term Assets $4.677B $4.354B
Total Assets $7.701B $7.178B
YoY Change 7.29% -3.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.864B $1.863B
YoY Change 0.05% -6.57%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $267.0M $164.0M
YoY Change 62.8% -60.29%
Long-Term Debt Due $129.0M $66.00M
YoY Change 95.45% -62.5%
Total Short-Term Liabilities $2.326B $2.093B
YoY Change 11.13% -18.97%
LONG-TERM LIABILITIES
Long-Term Debt $3.708B $3.685B
YoY Change 0.62% 27.77%
Other Long-Term Liabilities $461.0M $488.0M
YoY Change -5.53% -70.78%
Total Long-Term Liabilities $4.169B $4.173B
YoY Change -0.1% -8.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.326B $2.093B
Total Long-Term Liabilities $4.169B $4.173B
Total Liabilities $6.495B $6.266B
YoY Change 3.65% -16.26%
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 -$128.0M -$324.0M
YoY Change
Total Liabilities & Shareholders Equity $7.701B $7.178B
YoY Change 7.29% -3.99%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $41.00M $69.00M
YoY Change -40.58% 331.25%
Depreciation, Depletion And Amortization $34.00M $42.00M
YoY Change -19.05% 5.0%
Cash From Operating Activities -$432.0M -$389.0M
YoY Change 11.05% 22.71%
INVESTING ACTIVITIES
Capital Expenditures $63.00M $62.00M
YoY Change 1.61% -39.81%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $9.000M
YoY Change -133.33% -550.0%
Cash From Investing Activities -$52.00M -$48.00M
YoY Change 8.33% -52.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.000M $5.000M
YoY Change -140.0% -16.67%
Debt Paid & Issued, Net $911.0M $8.000M
YoY Change 11287.5% -98.68%
Cash From Financing Activities $439.0M $338.0M
YoY Change 29.88% -4.25%
NET CHANGE
Cash From Operating Activities -$432.0M -$389.0M
Cash From Investing Activities -$52.00M -$48.00M
Cash From Financing Activities $439.0M $338.0M
Net Change In Cash -$45.00M -$99.00M
YoY Change -54.55% 52.31%
FREE CASH FLOW
Cash From Operating Activities -$432.0M -$389.0M
Capital Expenditures $63.00M $62.00M
Free Cash Flow -$495.0M -$451.0M
YoY Change 9.76% 7.38%

Facts In Submission

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CY2013Q1 us-gaap Other Liabilities Noncurrent
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CY2012Q4 us-gaap Other Liabilities Noncurrent
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462000000 USD
CY2012Q4 us-gaap Other Loans Payable Long Term
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283000000 USD
CY2013Q1 us-gaap Other Loans Payable Long Term
OtherLoansPayableLongTerm
279000000 USD
CY2012Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
172000000 USD
CY2013Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
189000000 USD
CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3000000 USD
CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
9000000 USD
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
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6000000 USD
CY2012Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7000000 USD
CY2013Q1 us-gaap Payments Of Debt Extinguishment Costs
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23000000 USD
CY2013Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
15000000 USD
CY2012Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2012Q1 us-gaap Payments Of Dividends Minority Interest
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16000000 USD
CY2013Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
8000000 USD
CY2012Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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0 USD
CY2013Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
10000000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
63000000 USD
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
62000000 USD
CY2012Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1098000000 USD
CY2013Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1042000000 USD
CY2013Q1 us-gaap Pension Contributions
PensionContributions
20000000 USD
CY2012Q1 us-gaap Pension Contributions
PensionContributions
18000000 USD
CY2012Q1 us-gaap Pension Expense
PensionExpense
24000000 USD
CY2013Q1 us-gaap Pension Expense
PensionExpense
19000000 USD
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
193000000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
177000000 USD
CY2013Q1 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2012Q1 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2013Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
8000000 USD
CY2012Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
23000000 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
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2000000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8000000 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2013Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
10000000 USD
CY2012Q1 us-gaap Proceeds From Payments For Other Financing Activities
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8000000 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2012Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2012Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
338000000 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
364000000 USD
CY2012Q1 us-gaap Profit Loss
ProfitLoss
90000000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
67000000 USD
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1988000000 USD
CY2013Q1 us-gaap Receivables Net Current
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CY2012Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
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CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
911000000 USD
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8000000 USD
CY2013Q1 us-gaap Restructuring Charges
RestructuringCharges
4000000 USD
CY2012Q1 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2013Q1 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
71000000 USD
CY2012Q1 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
90000000 USD
CY2013Q1 us-gaap Royalty Expense
RoyaltyExpense
0 USD
CY2012Q1 us-gaap Royalty Expense
RoyaltyExpense
0 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1973000000 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1947000000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
104000000 USD
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
106000000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10000000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10000000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
898190 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
882751.000000 shares
CY2013Q1 us-gaap Short Term Borrowings
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CY2012Q4 us-gaap Short Term Borrowings
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CY2012Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2000000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8000000 USD
CY2012Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7000000 USD
CY2013Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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123000000 USD
CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
164000000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-239000000 USD
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-82000000 USD
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1500000 shares
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2200000 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
150000000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144000000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142500000 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147800000 shares
CY2013Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
9000000 USD
CY2013Q1 cck Accrued Asbestos Claim And Related Legal Costs
AccruedAsbestosClaimAndRelatedLegalCosts
249000000 USD
CY2013Q1 cck Accrued Asbestos Unasserted Claims
AccruedAsbestosUnassertedClaims
193000000 USD
CY2013Q1 cck Asbestos Related Claims Inactive Number
AsbestosRelatedClaimsInactiveNumber
19000 Claims
CY2013Q1 cck Asbestos Related Claims Maritime Workers Number
AsbestosRelatedClaimsMaritimeWorkersNumber
3100 Pending_Claim
CY2013Q1 cck Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months Net Of Tax
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonthsNetOfTax
-29000000 USD
CY2013Q1 cck Holding Period For Insulation Operations
HoldingPeriodForInsulationOperations
P90D
CY2013Q1 cck Inter Company Profit Related To Non Reportable Segments
InterCompanyProfitRelatedToNonReportableSegments
2000000 USD
CY2012Q1 cck Inter Company Profit Related To Non Reportable Segments
InterCompanyProfitRelatedToNonReportableSegments
1000000 USD
CY2013Q1 cck Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
37000000 USD
CY2011Q4 cck Percentage Of Asbestos Related Claims Alleging Serious Diseases
PercentageOfAsbestosRelatedClaimsAllegingSeriousDiseases
0.18
CY2010Q4 cck Percentage Of Asbestos Related Claims Alleging Serious Diseases
PercentageOfAsbestosRelatedClaimsAllegingSeriousDiseases
0.18
CY2012Q4 cck Percentage Of Asbestos Related Claims Alleging Serious Diseases
PercentageOfAsbestosRelatedClaimsAllegingSeriousDiseases
0.19
CY2012Q4 cck Percentage Of Claims Damages Not Specified
PercentageOfClaimsDamagesNotSpecified
0.88
CY2013Q1 cck Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
20000000 USD
CY2012Q1 cck Segment Income Of Reportable Segments
SegmentIncomeOfReportableSegments
214000000 USD
CY2012Q1 cck Segment Reporting Information Corporate And Unallocated Items
SegmentReportingInformationCorporateAndUnallocatedItems
56000000 USD
CY2013Q1 cck Segment Reporting Information Corporate And Unallocated Items
SegmentReportingInformationCorporateAndUnallocatedItems
50000000 USD
CY2012Q1 cck Segment Income Of Non Reportable Segments
SegmentIncomeOfNonReportableSegments
23000000 USD
CY2013Q1 cck Segment Income Of Non Reportable Segments
SegmentIncomeOfNonReportableSegments
22000000 USD
CY2013Q1 cck Segment Income Of Reportable Segments
SegmentIncomeOfReportableSegments
223000000 USD
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001219601
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
143838832 shares
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
CROWN HOLDINGS INC

Files In Submission

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0001219601-13-000013-index-headers.html Edgar Link pending
0001219601-13-000013-index.html Edgar Link pending
0001219601-13-000013.txt Edgar Link pending
0001219601-13-000013-xbrl.zip Edgar Link pending
cck-20130331.xml Edgar Link completed
cck-20130331.xsd Edgar Link pending
cck-20130331_cal.xml Edgar Link unprocessable
cck-20130331_def.xml Edgar Link unprocessable
cck-20130331_lab.xml Edgar Link unprocessable
cck-20130331_pre.xml Edgar Link unprocessable
cck-3312013xq1.htm Edgar Link pending
cck-3312013xq1ex311.htm Edgar Link pending
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