2018 Q2 Form 10-Q Financial Statement

#000121960118000029 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $3.046B $2.161B
YoY Change 40.95% 0.89%
Cost Of Revenue $2.466B $1.732B
YoY Change 42.38% 2.42%
Gross Profit $467.0M $368.0M
YoY Change 26.9% -18.4%
Gross Profit Margin 15.33% 17.03%
Selling, General & Admin $159.0M $91.00M
YoY Change 74.73% -3.19%
% of Gross Profit 34.05% 24.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $113.0M $61.00M
YoY Change 85.25% -6.15%
% of Gross Profit 24.2% 16.58%
Operating Expenses $159.0M $91.00M
YoY Change 74.73% -3.19%
Operating Profit $292.0M $259.0M
YoY Change 12.74% -12.2%
Interest Expense $103.0M $61.00M
YoY Change 68.85% 5.17%
% of Operating Profit 35.27% 23.55%
Other Income/Expense, Net $17.00M $12.00M
YoY Change 41.67%
Pretax Income $201.0M $201.0M
YoY Change 0.0% -19.6%
Income Tax $55.00M $53.00M
% Of Pretax Income 27.36% 26.37%
Net Earnings $132.0M $128.0M
YoY Change 3.13% -24.26%
Net Earnings / Revenue 4.33% 5.92%
Basic Earnings Per Share $0.99 $0.95
Diluted Earnings Per Share $0.99 $0.94
COMMON SHARES
Basic Shares Outstanding 133.6M shares 135.3M shares
Diluted Shares Outstanding 133.8M shares 135.7M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $298.0M $301.0M
YoY Change -1.0% -18.65%
Cash & Equivalents $298.0M $301.0M
Short-Term Investments
Other Short-Term Assets $311.0M $224.0M
YoY Change 38.84% -6.67%
Inventory $1.737B $1.490B
Prepaid Expenses
Receivables $1.569B $802.0M
Other Receivables $240.0M $203.0M
Total Short-Term Assets $4.155B $3.020B
YoY Change 37.58% 2.1%
LONG-TERM ASSETS
Property, Plant & Equipment $3.688B $3.020B
YoY Change 22.12% 11.85%
Goodwill $4.443B
YoY Change
Intangibles $2.298B
YoY Change
Long-Term Investments
YoY Change
Other Assets $776.0M $714.0M
YoY Change 8.68% 10.53%
Total Long-Term Assets $11.21B $7.246B
YoY Change 54.64% 6.28%
TOTAL ASSETS
Total Short-Term Assets $4.155B $3.020B
Total Long-Term Assets $11.21B $7.246B
Total Assets $15.36B $10.27B
YoY Change 49.62% 5.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.452B $2.673B
YoY Change -8.27% 7.05%
Accrued Expenses $962.0M
YoY Change
Deferred Revenue $2.000M
YoY Change
Short-Term Debt $31.00M $39.00M
YoY Change -20.51% 5.41%
Long-Term Debt Due $84.00M $58.00M
YoY Change 44.83% -75.42%
Total Short-Term Liabilities $3.529B $2.794B
YoY Change 26.31% -1.17%
LONG-TERM LIABILITIES
Long-Term Debt $9.236B $5.262B
YoY Change 75.52% 5.01%
Other Long-Term Liabilities $844.0M $703.0M
YoY Change 20.06% 9.33%
Total Long-Term Liabilities $10.08B $5.965B
YoY Change 68.99% 5.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.529B $2.794B
Total Long-Term Liabilities $10.08B $5.965B
Total Liabilities $13.61B $8.759B
YoY Change 55.37% 3.28%
SHAREHOLDERS EQUITY
Retained Earnings $3.232B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $784.0M $622.0M
YoY Change
Total Liabilities & Shareholders Equity $15.36B $10.27B
YoY Change 49.62% 5.01%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $132.0M $128.0M
YoY Change 3.13% -24.26%
Depreciation, Depletion And Amortization $113.0M $61.00M
YoY Change 85.25% -6.15%
Cash From Operating Activities $259.0M $102.0M
YoY Change 153.92% -78.34%
INVESTING ACTIVITIES
Capital Expenditures -$108.0M -$93.00M
YoY Change 16.13% 1.09%
Acquisitions
YoY Change
Other Investing Activities -$3.742B $252.0M
YoY Change -1584.92% 1580.0%
Cash From Investing Activities -$3.850B $159.0M
YoY Change -2521.38% -306.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.707B -310.0M
YoY Change -650.65% 11.91%
NET CHANGE
Cash From Operating Activities 259.0M 102.0M
Cash From Investing Activities -3.850B 159.0M
Cash From Financing Activities 1.707B -310.0M
Net Change In Cash -1.884B -49.00M
YoY Change 3744.9% -141.88%
FREE CASH FLOW
Cash From Operating Activities $259.0M $102.0M
Capital Expenditures -$108.0M -$93.00M
Free Cash Flow $367.0M $195.0M
YoY Change 88.21% -65.36%

Facts In Submission

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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
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CY2017Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2018Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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CY2017Q2 us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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CY2018Q2 us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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CY2017Q4 us-gaap Goodwill
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CY2018Q2 us-gaap Goodwill
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201000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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201000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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353000000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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CY2018Q2 us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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CY2017Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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230000000 USD
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CY2018Q2 us-gaap Inventory Adjustments
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us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
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CY2017Q2 us-gaap Litigation Settlement Expense
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us-gaap Litigation Settlement Expense
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1000 Claim
us-gaap Loss Contingency New Claims Filed Number
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1000 Claim
CY2017Q4 us-gaap Loss Contingency Pending Claims Number
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55500 Claim
CY2018Q2 us-gaap Loss Contingency Pending Claims Number
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55500 Claim
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CY2018Q2 us-gaap Minority Interest
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2018Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Objectives For Using Derivative Instruments
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us-gaap Operating Income Loss
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Depreciation And Amortization
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Revenues
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CY2018Q2 us-gaap Revenues
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2017Q4 us-gaap Short Term Borrowings
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2017Q4 us-gaap Stockholders Equity
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UnbilledReceivablesCurrent
229000000 USD
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137400000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133800000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136900000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
133600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
133500000 shares

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0001219601-18-000029-index.html Edgar Link pending
0001219601-18-000029.txt Edgar Link pending
0001219601-18-000029-xbrl.zip Edgar Link pending
cck-20180630.xml Edgar Link completed
cck-20180630.xsd Edgar Link pending
cck-20180630_cal.xml Edgar Link unprocessable
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cck-20180630_lab.xml Edgar Link unprocessable
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