$OI
O-I Glass, Inc. /DE/

2024 Q1 Form 10-Q Financial Statement

#000155837024006397 Filed on May 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q1
Revenue $1.593B $1.641B $1.831B
YoY Change -13.0% -3.07% 8.22%
Cost Of Revenue $1.275B $1.410B $1.347B
YoY Change -5.35% -1.67% -2.95%
Gross Profit $318.0M $231.0M $484.0M
YoY Change -34.3% -10.81% 59.21%
Gross Profit Margin 19.96% 14.08% 26.43%
Selling, General & Admin $123.0M $116.0M $147.0M
YoY Change -16.33% -7.2% 23.53%
% of Gross Profit 38.68% 50.22% 30.37%
Research & Development $21.00M $26.00M $19.00M
YoY Change 10.53% 13.04% -17.39%
% of Gross Profit 6.6% 11.26% 3.93%
Depreciation & Amortization $125.0M $125.0M $118.0M
YoY Change 5.93% 5.93% 1.72%
% of Gross Profit 39.31% 54.11% 24.38%
Operating Expenses $144.0M $139.0M $166.0M
YoY Change -13.25% -31.19% 16.9%
Operating Profit $117.0M $92.00M $270.0M
YoY Change -56.67% 61.4% 58.82%
Interest Expense $78.00M -$52.00M $68.00M
YoY Change 14.71% 85.71% 3.03%
% of Operating Profit 66.67% -56.52% 25.19%
Other Income/Expense, Net $1.000M -$10.00M
YoY Change -110.0% 400.0%
Pretax Income $235.0M -$439.0M $398.0M
YoY Change -40.95% -1613.79% 72.29%
Income Tax $41.00M $25.00M $60.00M
% Of Pretax Income 17.45% 15.08%
Net Earnings $72.00M -$470.0M $206.0M
YoY Change -65.05% -3715.38% 134.09%
Net Earnings / Revenue 4.52% -28.64% 11.25%
Basic Earnings Per Share $0.46 $1.33
Diluted Earnings Per Share $0.45 -$3.05 $1.29
COMMON SHARES
Basic Shares Outstanding 153.7M 154.4M
Diluted Shares Outstanding 158.5M 159.1M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $395.0M $913.0M $480.0M
YoY Change -17.71% 18.11% -7.51%
Cash & Equivalents $395.0M $913.0M $480.0M
Short-Term Investments
Other Short-Term Assets $254.0M $229.0M $256.0M
YoY Change -0.78% 3.15% 9.4%
Inventory $1.210B $1.071B $1.019B
Prepaid Expenses
Receivables $801.0M $671.0M $997.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.660B $2.884B $2.752B
YoY Change -3.34% 10.8% 10.52%
LONG-TERM ASSETS
Property, Plant & Equipment $3.551B $3.555B $3.062B
YoY Change 15.97% 20.02% 8.08%
Goodwill $1.458B $1.473B $1.867B
YoY Change -21.91% -18.75% 0.21%
Intangibles $250.0M $254.0M $267.0M
YoY Change -6.37% -3.05% -5.65%
Long-Term Investments $743.0M
YoY Change 6.91%
Other Assets $1.490B $694.0M $1.477B
YoY Change 0.88% 4.2% 4.9%
Total Long-Term Assets $6.749B $6.785B $6.673B
YoY Change 1.14% 5.06% 4.48%
TOTAL ASSETS
Total Short-Term Assets $2.660B $2.884B $2.752B
Total Long-Term Assets $6.749B $6.785B $6.673B
Total Assets $9.409B $9.669B $9.425B
YoY Change -0.17% 6.71% 6.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.170B $1.437B $1.304B
YoY Change -10.28% 6.05% 11.55%
Accrued Expenses $571.0M
YoY Change -1.55%
Deferred Revenue
YoY Change
Short-Term Debt $119.0M $106.0M $0.00
YoY Change 135.56%
Long-Term Debt Due $696.0M $142.0M $301.0M
YoY Change 131.23% -52.67% 1057.69%
Total Short-Term Liabilities $2.602B $2.346B $2.255B
YoY Change 15.39% -0.47% 28.86%
LONG-TERM LIABILITIES
Long-Term Debt $4.119B $4.698B $4.422B
YoY Change -6.85% 7.48% -4.31%
Other Long-Term Liabilities $862.0M $480.0M $861.0M
YoY Change 0.12% 10.85% 10.53%
Total Long-Term Liabilities $4.981B $5.178B $5.283B
YoY Change -5.72% 7.79% -2.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.602B $2.346B $2.255B
Total Long-Term Liabilities $4.981B $5.178B $5.283B
Total Liabilities $7.583B $7.524B $7.538B
YoY Change 0.6% 5.07% 5.43%
SHAREHOLDERS EQUITY
Retained Earnings $782.0M
YoY Change -11.64%
Common Stock $3.088B
YoY Change 0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.687B $1.609B $1.769B
YoY Change
Total Liabilities & Shareholders Equity $9.409B $9.669B $9.425B
YoY Change -0.17% 6.71% 6.17%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q1
OPERATING ACTIVITIES
Net Income $72.00M -$470.0M $206.0M
YoY Change -65.05% -3715.38% 134.09%
Depreciation, Depletion And Amortization $125.0M $125.0M $118.0M
YoY Change 5.93% 5.93% 1.72%
Cash From Operating Activities -$270.0M $381.0M -$193.0M
YoY Change 39.9% -46.49% 164.38%
INVESTING ACTIVITIES
Capital Expenditures $213.0M $223.0M $95.00M
YoY Change 124.21% 15.54% -1.04%
Acquisitions
YoY Change
Other Investing Activities -$2.000M -$3.000M -$3.000M
YoY Change -33.33% -99.23% -250.0%
Cash From Investing Activities -$215.0M -$226.0M -$98.00M
YoY Change 119.39% -61.37% 4800.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.00M -58.00M -16.00M
YoY Change 6.25% -196.67% -89.47%
NET CHANGE
Cash From Operating Activities -270.0M 381.0M -193.0M
Cash From Investing Activities -215.0M -226.0M -98.00M
Cash From Financing Activities -17.00M -58.00M -16.00M
Net Change In Cash -518.0M 97.00M -293.0M
YoY Change 76.79% -48.13% 42.23%
FREE CASH FLOW
Cash From Operating Activities -$270.0M $381.0M -$193.0M
Capital Expenditures $213.0M $223.0M $95.00M
Free Cash Flow -$483.0M $158.0M -$288.0M
YoY Change 67.71% -69.56% 70.41%

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