2024 Q3 Form 10-Q Financial Statement
#000084986924000128 Filed on August 08, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $1.745B | $1.381B |
| YoY Change | -3.22% | -3.18% |
| Cost Of Revenue | $1.452B | $1.125B |
| YoY Change | -4.31% | -4.35% |
| Gross Profit | $293.3M | $256.0M |
| YoY Change | 2.58% | 2.35% |
| Gross Profit Margin | 16.81% | 18.53% |
| Selling, General & Admin | $106.4M | $107.7M |
| YoY Change | 26.19% | 5.41% |
| % of Gross Profit | 36.28% | 42.07% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $66.67M | $65.47M |
| YoY Change | 28.29% | -3.64% |
| % of Gross Profit | 22.73% | 25.57% |
| Operating Expenses | $106.5M | $107.3M |
| YoY Change | 26.3% | 3.71% |
| Operating Profit | $186.8M | $148.7M |
| YoY Change | -7.34% | 1.39% |
| Interest Expense | -$41.90M | -$41.30M |
| YoY Change | -188.65% | -11.74% |
| % of Operating Profit | -22.43% | -27.77% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $125.4M | $100.5M |
| YoY Change | -14.59% | 3.39% |
| Income Tax | $25.30M | $24.40M |
| % Of Pretax Income | 20.18% | 24.28% |
| Net Earnings | $100.1M | $76.10M |
| YoY Change | -9.51% | -3.54% |
| Net Earnings / Revenue | 5.74% | 5.51% |
| Basic Earnings Per Share | $0.94 | $0.71 |
| Diluted Earnings Per Share | $0.93 | $0.71 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 106.8M shares | 106.8M shares |
| Diluted Shares Outstanding | 107.1M shares | 107.0M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $368.5M | $302.8M |
| YoY Change | 19.99% | 27.98% |
| Cash & Equivalents | $368.5M | $302.8M |
| Short-Term Investments | ||
| Other Short-Term Assets | $160.2M | $173.5M |
| YoY Change | 14.59% | 21.54% |
| Inventory | $780.4M | $1.006B |
| Prepaid Expenses | ||
| Receivables | $1.210B | $1.057B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.519B | $2.539B |
| YoY Change | -5.35% | -5.92% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.956B | $1.934B |
| YoY Change | 2.32% | -0.03% |
| Goodwill | $2.024B | $1.987B |
| YoY Change | 2.24% | -1.0% |
| Intangibles | $681.5M | $685.0M |
| YoY Change | -5.92% | -8.08% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $3.272B | $3.221B |
| YoY Change | 511.8% | 509.54% |
| Total Long-Term Assets | $5.228B | $5.155B |
| YoY Change | 1.51% | -1.17% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.519B | $2.539B |
| Total Long-Term Assets | $5.228B | $5.155B |
| Total Assets | $7.747B | $7.693B |
| YoY Change | -0.83% | -2.79% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $678.5M | $658.1M |
| YoY Change | 4.07% | -12.46% |
| Accrued Expenses | $266.5M | $239.0M |
| YoY Change | -1.08% | -24.49% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $1.254B | $1.398B |
| YoY Change | 39.72% | 72.33% |
| Total Short-Term Liabilities | $1.051B | $997.7M |
| YoY Change | -45.11% | -46.92% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.808B | $3.929B |
| YoY Change | 14.96% | 17.24% |
| Other Long-Term Liabilities | $833.9M | $832.8M |
| YoY Change | 97.64% | 94.87% |
| Total Long-Term Liabilities | $4.642B | $4.762B |
| YoY Change | 24.3% | 26.02% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.051B | $997.7M |
| Total Long-Term Liabilities | $4.642B | $4.762B |
| Total Liabilities | $5.693B | $5.760B |
| YoY Change | 0.77% | -4.68% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $3.378B | $3.299B |
| YoY Change | 6.79% | 7.37% |
| Common Stock | $365.8M | $362.1M |
| YoY Change | 4.11% | 4.29% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $2.054B | $1.934B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $7.747B | $7.693B |
| YoY Change | -0.83% | -2.79% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $100.1M | $76.10M |
| YoY Change | -9.51% | -3.54% |
| Depreciation, Depletion And Amortization | $66.67M | $65.47M |
| YoY Change | 28.29% | -3.64% |
| Cash From Operating Activities | $313.0M | $20.91M |
| YoY Change | 45.11% | -111.62% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $60.56M | $56.14M |
| YoY Change | 9.51% | 11.54% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$134.0K | $304.0K |
| YoY Change | -107.88% | -15.32% |
| Cash From Investing Activities | -$60.69M | -$55.84M |
| YoY Change | 13.23% | 11.73% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -194.7M | 36.22M |
| YoY Change | 125.4% | -199.62% |
| NET CHANGE | ||
| Cash From Operating Activities | 313.0M | 20.91M |
| Cash From Investing Activities | -60.69M | -55.84M |
| Cash From Financing Activities | -194.7M | 36.22M |
| Net Change In Cash | 57.57M | 1.296M |
| YoY Change | -23.94% | -100.49% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $313.0M | $20.91M |
| Capital Expenditures | $60.56M | $56.14M |
| Free Cash Flow | $252.5M | -$35.23M |
| YoY Change | 57.39% | -84.7% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q2 | slgn |
Earnings Before Interest And Taxes Adjusted
EarningsBeforeInterestAndTaxesAdjusted
|
160798000 | usd |
| CY2024Q2 | slgn |
Income Before Interestand Income Taxes
IncomeBeforeInterestandIncomeTaxes
|
141853000 | usd |
| CY2023Q2 | slgn |
Income Before Interestand Income Taxes
IncomeBeforeInterestandIncomeTaxes
|
143993000 | usd |
| CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
100510000 | usd |
| CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
97201000 | usd |
| CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1381365000 | usd |
| CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1381365000 | usd |
| CY2024Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
6859000 | usd |
| CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
34020000 | usd |
| us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
18550000 | usd | |
| slgn |
Rationalization Plan Reserves Utilizedand Cta
RationalizationPlanReservesUtilizedandCTA
|
22667000 | usd | |
| CY2024Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
29903000 | usd |
| us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
-49983000 | usd | |
| us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
-3814000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-46169000 | usd | |
| CY2024Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
408681000 | usd |
| CY2024Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
190661000 | usd |
| CY2024Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
706234000 | usd |
| CY2024Q2 | us-gaap |
Other Inventory
OtherInventory
|
17395000 | usd |
| CY2024Q2 | us-gaap |
Inventory Gross
InventoryGross
|
1322971000 | usd |
| CY2024Q2 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
317382000 | usd |
| CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
1005589000 | usd |
| CY2024Q2 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
3939866000 | usd |
| CY2024Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
10902000 | usd |
| CY2024Q2 | slgn |
Debt Long Term And Short Term Less Unamortized Debt Issuance Expense And Debt Discount Combined Amount
DebtLongTermAndShortTermLessUnamortizedDebtIssuanceExpenseAndDebtDiscountCombinedAmount
|
3928964000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1398246000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2530718000 | usd |
| slgn |
Supplier Finance Program Termination Notice Period
SupplierFinanceProgramTerminationNoticePeriod
|
P30D | ||
| slgn |
Supplier Finance Program Termination Notice Period By Financial Institution
SupplierFinanceProgramTerminationNoticePeriodByFinancialInstitution
|
P10D | ||
| slgn |
Supplier Finance Program Termination Notice Period
SupplierFinanceProgramTerminationNoticePeriod
|
P30D | ||
| CY2024Q2 | us-gaap |
Supplier Finance Program Payment Timing Period
SupplierFinanceProgramPaymentTimingPeriod
|
P210D | |
| CY2024Q2 | us-gaap |
Supplier Finance Program Obligation Current
SupplierFinanceProgramObligationCurrent
|
251000000 | usd |
| CY2023Q2 | us-gaap |
Supplier Finance Program Obligation Current
SupplierFinanceProgramObligationCurrent
|
321900000 | usd |
| CY2023Q4 | us-gaap |
Supplier Finance Program Obligation Current
SupplierFinanceProgramObligationCurrent
|
330200000 | usd |
| CY2024Q2 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
68333140 | shares |
| CY2024Q2 | slgn |
Number Of Share Based Compensation Arrangement
NumberOfShareBasedCompensationArrangement
|
1 | plan |
| CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1381365000 | usd |
| CY2024Q2 | slgn |
Income Before Interestand Income Taxes
IncomeBeforeInterestandIncomeTaxes
|
141853000 | usd |
| CY2024Q2 | slgn |
Earnings Before Interest And Taxes Adjusted
EarningsBeforeInterestAndTaxesAdjusted
|
165364000 | usd |
| CY2024Q2 | us-gaap |
Depreciation
Depreciation
|
53146000 | usd |
| CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1426727000 | usd |
| CY2023Q2 | slgn |
Income Before Interestand Income Taxes
IncomeBeforeInterestandIncomeTaxes
|
143993000 | usd |
| CY2023Q2 | slgn |
Earnings Before Interest And Taxes Adjusted
EarningsBeforeInterestAndTaxesAdjusted
|
160798000 | usd |
| CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
53301000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2698403000 | usd | |
| slgn |
Income Before Interestand Income Taxes
IncomeBeforeInterestandIncomeTaxes
|
253572000 | usd | |
| slgn |
Earnings Before Interest And Taxes Adjusted
EarningsBeforeInterestAndTaxesAdjusted
|
300844000 | usd | |
| us-gaap |
Depreciation
Depreciation
|
106295000 | usd | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2845008000 | usd | |
| slgn |
Income Before Interestand Income Taxes
IncomeBeforeInterestandIncomeTaxes
|
275221000 | usd | |
| slgn |
Earnings Before Interest And Taxes Adjusted
EarningsBeforeInterestAndTaxesAdjusted
|
310202000 | usd | |
| us-gaap |
Depreciation
Depreciation
|
104923000 | usd | |
| CY2024Q2 | slgn |
Earnings Before Interest And Taxes Adjusted
EarningsBeforeInterestAndTaxesAdjusted
|
165364000 | usd |
| slgn |
Earnings Before Interest And Taxes Adjusted
EarningsBeforeInterestAndTaxesAdjusted
|
300844000 | usd | |
| slgn |
Earnings Before Interest And Taxes Adjusted
EarningsBeforeInterestAndTaxesAdjusted
|
310202000 | usd | |
| slgn |
Income Before Interestand Income Taxes
IncomeBeforeInterestandIncomeTaxes
|
253572000 | usd | |
| slgn |
Income Before Interestand Income Taxes
IncomeBeforeInterestandIncomeTaxes
|
275221000 | usd | |
| CY2024Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
41343000 | usd |
| CY2023Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
46792000 | usd |
| us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
79990000 | usd | |
| us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
83558000 | usd | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
173582000 | usd | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
191663000 | usd |
