Cash flow Ball Corporation

Equities

BALL

US0584981064

Non-Paper Containers & Packaging

Market Closed - Nyse Other stock markets 04:00:02 2024-09-13 pm EDT			5-day change	1st Jan Change
66.00 ^USD	+0.56%		+2.64%	+14.74%

Sep. 04	Morgan Stanley Upgrades Ball to Overweight From Equalweight, Adjusts Price Target to $78 From $69	MT
Aug. 20	GenLayer announced that it has received $7.5 million in funding from a group of investors	CI

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Published financial data: BALL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	11.47B	11.78B	13.81B	15.35B	14.03B
Total Revenues	11.47B	11.78B	13.81B	15.35B	14.03B
Cost of Goods Sold, Total	9.2B	9.32B	11.08B	12.77B	11.36B
Gross Profit	2.27B	2.46B	2.73B	2.58B	2.67B
Selling General & Admin Expenses, Total	417M	525M	593M	626M	558M
Depreciation & Amortization - (IS)	678M	668M	700M	672M	686M
Other Operating Expenses, Total	1.1B	1.19B	1.29B	1.3B	1.24B
Operating Income	1.18B	1.26B	1.43B	1.28B	1.43B
Interest Expense, Total	-317M	-275M	-270M	-312M	-459M
Net Interest Expenses	-317M	-275M	-270M	-312M	-459M
Income (Loss) On Equity Invest.	-1M	-6M	26M	7M	20M
Currency Exchange Gains (Loss)	-	-	-	-	-22M
Other Non Operating Income (Expenses)	-45M	-25M	-16M	-69M	8M
EBT, Excl. Unusual Items	813M	959M	1.17B	911M	973M
Restructuring Charges	-63M	-15M	-10M	-74M	-94M
Merger & Related Restructuring Charges	-6M	-6M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-5M	298M	-
Gain (Loss) On Sale Of Assets	-97M	-38M	-	222M	-41M
Asset Writedown	-64M	-	-	-435M	-
Insurance Settlements	-	-	-	-	-
Legal Settlements	57M	4M	22M	-	-
Other Unusual Items	-33M	-223M	-146M	-31M	-4M
EBT, Incl. Unusual Items	607M	681M	1.03B	891M	834M
Income Tax Expense	71M	99M	156M	159M	123M
Earnings From Continuing Operations	536M	582M	878M	732M	711M
Net Income to Company	536M	582M	878M	732M	711M
Minority Interest	30M	3M	-	-13M	-4M
Net Income - (IS)	566M	585M	878M	719M	707M
Net Income to Common Incl Extra Items	566M	585M	878M	719M	707M
Net Income to Common Excl. Extra Items	566M	585M	878M	719M	707M
Per Share Items
Net EPS - Basic	1.71	1.79	2.69	2.27	2.25
Basic EPS - Continuing Operations	1.71	1.79	2.69	2.27	2.25
Basic Weighted Average Shares Outstanding	331M	326M	326M	316M	315M
Net EPS - Diluted	1.66	1.76	2.65	2.25	2.23
Diluted EPS - Continuing Operations	1.66	1.76	2.65	2.25	2.23
Diluted Weighted Average Shares Outstanding	340M	333M	332M	320M	317M
Normalized Basic EPS	1.63	1.85	2.25	1.76	1.92
Normalized Diluted EPS	1.58	1.81	2.21	1.74	1.91
Dividend Per Share	0.55	0.6	0.7	0.8	0.8
Payout Ratio	32.16	33.85	26.08	35.33	35.64
Supplemental Items
EBITDA	1.85B	1.93B	2.13B	1.96B	2.11B
EBITA	1.36B	1.44B	1.61B	1.45B	1.58B
EBIT	1.18B	1.26B	1.43B	1.28B	1.43B
EBITDAR	1.93B	2.02B	2.24B	2.09B	2.24B
Effective Tax Rate - (Ratio)	11.7	14.54	15.09	17.85	14.75
Current Domestic Taxes	6M	-30M	-12M	27M	21M
Current Foreign Taxes	110M	112M	133M	134M	169M
Total Current Taxes	116M	82M	121M	161M	190M
Deferred Domestic Taxes	-27M	-49M	-11M	97M	-68M
Deferred Foreign Taxes	-18M	66M	46M	-99M	1M
Total Deferred Taxes	-45M	17M	35M	-2M	-67M
Normalized Net Income	538M	602M	733M	556M	604M
Interest Capitalized	-	-	-	10M	25M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	-14M	93M	93M	-19M	-33M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	44M	47M	56M	55M	55M
Net Rental Expense, Total	74M	89M	111M	129M	131M
Imputed Operating Lease Interest Expense	25.39M	24.25M	29.5M	37.88M	55.11M
Imputed Operating Lease Depreciation	48.61M	64.75M	81.5M	91.12M	75.89M
Stock-Based Comp., SG&A Exp. (Total)	5M	12M	-	-	-
Stock-Based Comp., Other (Total)	32M	31M	40M	39M	33M
Total Stock-Based Compensation	37M	43M	40M	39M	33M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.8B	1.37B	563M	548M	695M
Trading Asset Securities, Total	-	-	-	-	11M
Total Cash And Short Term Investments	1.8B	1.37B	563M	548M	706M
Accounts Receivable, Total	1.19B	1.34B	2.02B	2.11B	1.95B
Other Receivables	445M	394M	538M	487M	388M
Total Receivables	1.63B	1.74B	2.56B	2.59B	2.33B
Inventory	1.27B	1.35B	1.8B	2.18B	1.56B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	8M	15M	16M	10M	15M
Other Current Assets, Total	173M	203M	289M	158M	269M
Total Current Assets	4.88B	4.68B	5.22B	5.49B	4.88B
Gross Property Plant And Equipment	7.77B	9.22B	10.72B	11.56B	12.44B
Accumulated Depreciation	-3.06B	-3.56B	-3.8B	-4.07B	-4.62B
Net Property Plant And Equipment	4.71B	5.65B	6.92B	7.49B	7.82B
Long-term Investments	291M	321M	184M	193M	212M
Goodwill	4.42B	4.48B	4.38B	4.24B	4.29B
Other Intangibles, Total	2B	1.88B	1.69B	1.42B	1.31B
Deferred Tax Assets Long-Term	241M	227M	126M	73M	114M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	814M	1.01B	1.19B	1.02B	675M
Total Assets	17.36B	18.25B	19.71B	19.91B	19.3B
Liabilities
Accounts Payable, Total	3.14B	3.43B	4.76B	4.38B	3.75B
Accrued Expenses, Total	285M	347M	349M	236M	333M
Short-term Borrowings	26M	14M	12M	405M	209M
Current Portion of Long-Term Debt	1.45B	1M	1M	1B	856M
Current Portion of Leases	58M	65M	82M	93M	96M
Unearned Revenue Current, Total	87M	108M	272M	316M	337M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	531M	479M	478M	574M	601M
Total Current Liabilities	5.58B	4.44B	5.95B	7.01B	6.18B
Long-Term Debt	6.34B	7.77B	7.71B	7.53B	7.5B
Long-Term Leases	181M	242M	352M	359M	363M
Unearned Revenue Non Current	9M	29M	38M	12M	10M
Pension & Other Post Retirement Benefits	1.49B	1.61B	1.2B	847M	898M
Deferred Tax Liability Non Current	561M	634M	665M	540M	421M
Other Non Current Liabilities	190M	180M	106M	86M	92M
Total Liabilities	14.34B	14.92B	16.03B	16.38B	15.47B
Common Stock, Total	1.18B	1.17B	1.22B	1.26B	1.31B
Retained Earnings	5.8B	6.19B	6.84B	7.31B	7.76B
Treasury Stock	-3.12B	-3.13B	-3.85B	-4.43B	-4.39B
Comprehensive Income and Other	-910M	-954M	-582M	-679M	-916M
Total Common Equity	2.95B	3.28B	3.63B	3.46B	3.77B
Minority Interest	70M	62M	58M	66M	68M
Total Equity	3.02B	3.34B	3.68B	3.53B	3.84B
Total Liabilities And Equity	17.36B	18.25B	19.71B	19.91B	19.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	326M	328M	321M	314M	316M
ECS Total Common Shares Outstanding	325M	328M	319M	314M	316M
Book Value / Share	9.08	10	11.35	11.02	11.94
Tangible Book Value	-3.47B	-3.09B	-2.44B	-2.19B	-1.83B
Tangible Book Value Per Share	-10.7	-9.44	-7.64	-6.98	-5.8
Total Debt	8.06B	8.1B	8.16B	9.39B	9.02B
Net Debt	6.26B	6.73B	7.59B	8.84B	8.32B
Debt Equivalent of Unfunded Proj. Benefit Obligation	481M	393M	3M	68M	446M
Debt Equivalent Oper. Leases	592M	712M	888M	1.03B	1.05B
Minority Interest, Total (Incl. Fin. Div)	70M	62M	58M	66M	68M
Equity Method Investments, Total	291M	321M	184M	193M	212M
Account Code - Inventory Valuation	3	3	3	5	5
Inventories - Raw Materials, Total	808M	889M	1.06B	1.54B	1.21B
Inventories - Work In Process, Total	548M	557M	821M	729M	440M
Land - (BS)	153M	163M	167M	187M	221M
Buildings, Total	1.43B	1.65B	2.08B	2.16B	2.42B
Machinery, Total	5.51B	6.21B	6.88B	7.28B	8.12B
Full Time Employees	18.3K	21.5K	24.3K	21K	21K
Accumulated Allowance for Doubtful Accounts (Supple)	17M	9M	9M	12M	15M
Order Backlog	2.5B	2.4B	2.5B	2.97B	2.98B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	566M	585M	878M	719M	707M
Depreciation & Amortization - CF	491M	488M	520M	507M	528M
Amortization of Goodwill and Intangible Assets - (CF)	187M	180M	180M	165M	158M
Depreciation & Amortization, Total	678M	668M	700M	672M	686M
(Gain) Loss From Sale Of Asset	52M	23M	-	-222M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	5M	-298M	-
Asset Writedown & Restructuring Costs	127M	77M	6M	435M	94M
Other Operating Activities, Total	-111M	158M	52M	-100M	25M
Change In Accounts Receivable	49M	-135M	-863M	-305M	238M
Change In Inventories	-45M	-64M	-464M	-458M	626M
Change In Accounts Payable	72M	66M	1.31B	-83M	-510M
Change in Other Net Operating Assets	160M	54M	134M	-59M	-3M
Cash from Operations	1.55B	1.43B	1.76B	301M	1.86B
Capital Expenditure	-598M	-1.11B	-1.73B	-1.65B	-1.04B
Cash Acquisitions	-	-69M	-	-	-
Divestitures	160M	-17M	112M	759M	-
Other Investing Activities, Total	16M	18M	-25M	106M	-8M
Cash from Investing	-422M	-1.18B	-1.64B	-786M	-1.05B
Short Term Debt Issued, Total	-	-	-	394M	-
Long-Term Debt Issued, Total	2.82B	2.55B	850M	4.85B	2.05B
Total Debt Issued	2.82B	2.55B	850M	5.24B	2.05B
Short Term Debt Repaid, Total	-183M	-20M	-2M	-	-210M
Long-Term Debt Repaid, Total	-1.52B	-2.79B	-750M	-3.88B	-2.28B
Total Debt Repaid	-1.71B	-2.81B	-752M	-3.88B	-2.49B
Issuance of Common Stock	19M	-	47M	-	-
Repurchase of Common Stock	-964M	-57M	-766M	-618M	-3M
Common Dividends Paid	-182M	-198M	-229M	-254M	-252M
Common & Preferred Stock Dividends Paid	-182M	-198M	-229M	-254M	-252M
Other Financing Activities, Total	-31M	-85M	-44M	-4M	33M
Cash from Financing	-46M	-602M	-894M	485M	-662M
Foreign Exchange Rate Adjustments	-2M	-74M	-29M	-21M	4M
Net Change in Cash	1.08B	-425M	-802M	-21M	152M
Supplemental Items
Cash Interest Paid	331M	332M	306M	312M	378M
Cash Income Tax Paid (Refund)	128M	157M	136M	143M	179M
Levered Free Cash Flow	950M	319M	-116M	-962M	557M
Unlevered Free Cash Flow	1.15B	491M	52.62M	-767M	844M
Change In Net Working Capital	-296M	-102M	-143M	630M	-279M
Net Debt Issued / Repaid	1.11B	-262M	98M	1.36B	-440M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.33	4.44	4.72	4.05	4.55
Return on Total Capital	6.88	7.03	7.7	6.49	6.92
Return On Equity %	16.29	18.31	25.01	20.3	19.31
Return on Common Equity	17.67	18.8	25.44	20.29	19.56
Margin Analysis
Gross Profit Margin %	19.79	20.86	19.74	16.83	19.03
SG&A Margin	3.63	4.46	4.29	4.08	3.98
EBITDA Margin %	16.16	16.41	15.44	12.75	15.05
EBITA Margin %	11.88	12.27	11.68	9.45	11.29
EBIT Margin %	10.25	10.74	10.38	8.37	10.16
Income From Continuing Operations Margin %	4.67	4.94	6.36	4.77	5.07
Net Income Margin %	4.93	4.97	6.36	4.68	5.04
Net Avail. For Common Margin %	4.93	4.97	6.36	4.68	5.04
Normalized Net Income Margin	4.69	5.11	5.31	3.62	4.31
Levered Free Cash Flow Margin	8.28	2.71	-0.84	-6.27	3.97
Unlevered Free Cash Flow Margin	10.01	4.16	0.38	-5	6.02
Asset Turnover