BALL Corp

10-K & 10-Q Filings

Ball Corporation is a world-leading supplier of sustainable aluminum packaging solutions for the beverage, personal care, and household products industries. The company was founded in 1880 and is headquartered in Westminster, Colorado, with its stock listed on the New York Stock Exchange under the ticker symbol BALL. Ball's business strategy includes advancing sustainable aluminum packaging solutions at scale, maintaining a clear financial strategy, and delivering comparable diluted earnings per share growth of 10-15% per annum over the long-term. The company operates in four reportable segments: beverage packaging in North and Central America, Europe, Middle East and Africa (EMEA), South America, and aerospace. Ball's beverage packaging operations produce aluminum containers for various industries, including carbonated soft drinks, beer, energy drinks, and other beverages. The company's aerospace segment provides aerospace and other technologies and services to governmental and commercial customers. Ball's focus on sustainability includes reducing its carbon footprint, promoting circularity, and investing in initiatives to increase recycling rates around the world. For more information, visit the company's website at www.ball.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$8630.90
8735.70
8468.10
8570.00
7997.00
9061.00
10983.00
11635.00
11474.00
11781.00
13811.00
15349.00
14029.00
4.13%-8.60%Cost of Revenue (-)
$-7081.20
9203.00
9323.00
11085.00
12766.00
11359.00
-11.02%Gross Profit (+)
$
2271.00
2458.00
2726.00
2583.00
2670.00
3.37%Selling, General & Administrative (-)
$-381.40
385.50
418.60
466.50
451.30
512.00
514.00
478.00
417.00
525.00
593.00
626.00
558.00
-10.86%Depreciation & Amortization (-)
$-301.10
-282.90
-299.90
-280.90
285.50
453.00
729.00
702.00
678.00
668.00
700.00
672.00
686.00
2.08%Operating Expenses (-)
$14875.20
102.60
118.70
185.60
736.80
965.00
1243.00
1180.00
1339.00
1455.00
1435.00
1298.00
1397.00
-17.89%7.63%Costs & Expenses (Total) (-)
$7794.00
7945.20
7672.70
7731.40
7391.80
8598.00
10181.00
10700.00
10542.00
10778.00
12520.00
14135.00
12756.00
4.19%-9.76%Operating Income/Loss (+)
$836.90
790.50
795.40
838.60
605.20
463.00
802.00
935.00
932.00
1003.00
1291.00
1214.00
1273.00
3.56%4.86%Non-operating Income/Expense (+)
$10.10
-1.30
0.60
2.30
4.40
15.00
31.00
5.00
-1.00
-6.00
26.00
7.00
20.00
5.86%185.71%Interest Expense (-)
$-177.10
-194.90
-211.80
193.00
259.70
229.00
285.00
301.00
317.00
275.00
270.00
312.00
459.00
47.12%Earnings before Tax (+)
$659.80
595.60
583.60
645.60
345.50
125.00
514.00
633.00
608.00
687.00
1008.00
884.00
814.00
1.77%-7.92%Tax Expense (-)
$-201.30
-165.00
-149.60
-149.90
47.00
-126.00
165.00
185.00
71.00
99.00
156.00
159.00
123.00
-22.64%Income/Loss (Continuing Operations) (+)
$468.60
429.30
434.60
498.00
302.90
251.00
349.00
448.00
537.00
588.00
852.00
725.00
691.00
3.29%-4.69%Income/Loss (Discontinued Operations) (+)
$-2.30
-2.80
0.40
Profit/Loss (+)
$466.30
426.50
435.00
498.00
302.90
266.00
380.00
453.00
536.00
582.00
878.00
732.00
711.00
3.58%-2.87%Net Income/Loss (NCI) (-)
$22.30
23.00
28.20
28.00
22.00
3.00
6.00
-1.00
-30.00
-3.00
13.00
4.00
-13.34%-69.23%Net Income/Loss (+)
$444.00
403.50
406.80
470.00
280.90
263.00
374.00
454.00
566.00
585.00
878.00
719.00
707.00
3.95%-1.67%Net Income/Loss (Common) (+)
$444.00
403.50
406.80
470.00
280.90
263.00
374.00
454.00
566.00
585.00
878.00
719.00
707.00
3.95%-1.67%EPS (Basic)
$2.69
2.61
2.79
3.39
2.05
1.66
1.07
1.32
1.71
1.79
2.69
2.27
2.25
-1.48%-0.88%EPS (Diluted)
$2.63
2.55
2.73
3.30
1.99
1.63
1.05
1.29
1.66
1.76
2.65
2.25
2.23
-1.37%-0.89%Weighted Avg Shares (Basic)
165.28
154.65
145.94
138.51
137.30
158.27
350.27
344.80
331.10
326.26
325.99
316.43
314.77
5.52%-0.52%Weighted Avg Shares (Diluted)
168.59
158.08
149.22
142.43
140.98
161.44
356.99
352.32
340.12
332.81
331.62
320.01
317.02
5.40%-0.93%Cash
$165.80
174.10
416.00
191.40
224.00
597.00
448.00
721.00
1798.00
1366.00
563.00
548.00
695.00
12.69%26.82%Receivables
$910.40
930.10
859.40
957.10
885.40
1491.00
1634.00
1802.00
1631.00
1738.00
2560.00
2594.00
2334.00
8.16%-10.02%Inventory
$1072.50
1044.40
1028.30
1016.70
898.40
1413.00
1526.00
1271.00
1274.00
1353.00
1795.00
2179.00
1559.00
3.17%-28.45%Other Assets (Current)
$173.20
190.80
162.00
148.30
176.20
152.00
150.00
146.00
181.00
218.00
305.00
168.00
295.00
4.54%75.60%Assets (Current)
$2321.90
2339.40
2465.70
2313.50
2184.00
3653.00
3758.00
3940.00
4884.00
4675.00
5223.00
5489.00
4883.00
6.39%-11.04%Securities & Long-term Investments
$
2154.40
Property, Plant & Equipment (Net)
$2265.40
2288.60
2372.30
2430.70
2685.90
4387.00
4610.00
4542.00
4470.00
5351.00
6502.00
7053.00
7380.00
10.34%4.64%Goodwill & Intangibles
$2247.10
2359.40
2404.30
2254.50
2176.50
7029.00
7395.00
6663.00
6421.00
6367.00
6066.00
5652.00
5599.00
7.90%-0.94%Other Assets
$450.20
519.70
577.50
572.30
576.20
1104.00
1406.00
1409.00
1585.00
1859.00
1923.00
1715.00
1441.00
10.18%-15.98%Assets (Non-current)
$4962.70
5167.70
5354.10
5257.50
7593.00
12520.00
13411.00
12614.00
12476.00
13577.00
14491.00
14420.00
14420.00
9.30%0.00%Assets (Total)
$7284.60
7507.10
7819.80
7571.00
9777.00
16173.00
17169.00
16554.00
17360.00
18252.00
19714.00
19909.00
19303.00
8.46%-3.04%Accounts Payable
$1095.60
1225.30
1240.10
1609.90
1730.20
2348.00
3114.00
3384.00
3421.00
3777.00
5108.00
4619.00
4086.00
11.59%-11.54%Debt (Current)
$
222.00
453.00
219.00
1480.00
17.00
15.00
1408.00
1065.00
-24.36%Other Liabilities (Current)
$760.50
460.50
687.30
396.90
411.40
399.00
540.00
492.00
676.00
650.00
830.00
981.00
1034.00
2.59%5.40%Liabilities (Current)
$1856.10
1685.80
1927.40
2006.80
2141.60
2969.00
4107.00
4095.00
5577.00
4444.00
5953.00
7008.00
6185.00
10.55%-11.74%Debt (Non-current)
$2696.70
3085.30
3182.50
2993.80
5054.20
7310.00
6518.00
6510.00
6337.00
7783.00
7722.00
7540.00
7504.00
8.90%-0.48%Other Liabilities
$1353.80
1446.00
1318.60
1330.80
1319.90
2353.00
2498.00
2387.00
2427.00
2688.00
2354.00
1834.00
1777.00
2.29%-3.11%Liabilities (Non-current)
$4050.50
4531.30
4501.10
4324.60
6374.10
9663.00
9016.00
8897.00
8764.00
10471.00
10076.00
9374.00
9281.00
7.15%-0.99%Liabilities (Total)
$5906.60
6217.10
6428.50
6331.40
8515.70
12632.00
13123.00
12992.00
14341.00
14915.00
16029.00
16382.00
15466.00
8.35%-5.59%Treasury Stock
$-2615.70
-3140.10
-3551.60
-3923.00
3628.00
1401.00
1474.00
2205.00
3122.00
3130.00
3854.00
4429.00
4390.00
-0.88%Retained Earnings
$3228.30
3580.80
3913.80
4346.90
4557.50
4739.00
4987.00
5341.00
5803.00
6192.00
6843.00
7309.00
7763.00
7.59%6.21%AOCI
$-335.20
-352.40
-240.70
-522.10
-639.90
-941.00
-656.00
-835.00
-910.00
-954.00
-582.00
-679.00
-916.00
-34.90%Shareholder's Equity
$1378.00
1290.00
1391.30
1239.60
1261.30
3541.00
4046.00
3562.00
3019.00
3337.00
3685.00
3527.00
3837.00
8.91%8.79%Liabilities & Equity
$7284.60
7507.10
7819.80
7571.00
9777.00
16173.00
17169.00
16554.00
17360.00
18252.00
19714.00
19909.00
19303.00
8.46%-3.04%Net Income/Loss
$466.30
426.50
435.00
498.00
302.90
266.00
380.00
453.00
536.00
582.00
878.00
732.00
711.00
3.58%-2.87%Depreciation & Amortization
$301.10
282.90
299.90
280.90
285.50
453.00
729.00
702.00
678.00
668.00
700.00
672.00
686.00
7.10%2.08%Increase/Decrease in Working Capital
$-5.40
-29.00
-67.90
-167.90
-140.20
509.00
-334.00
-90.00
-236.00
106.00
-120.00
924.00
-360.00
-138.96%Share-based Compensation
$
-42.00
Adjustments to Reconcile Net Income
$482.10
426.70
410.90
514.50
703.80
-72.00
1098.00
1113.00
1012.00
850.00
882.00
-431.00
1152.00
7.53%367.29%Net Cash (Operating)
$948.40
853.20
839.00
1012.50
1006.70
194.00
1478.00
1566.00
1548.00
1432.00
1760.00
301.00
1863.00
5.79%518.94%Capital Expenditure
$-739.00
233.80
364.10
-390.80
557.00
3985.00
556.00
277.00
438.00
1199.00
1614.00
892.00
1045.00
17.15%Net Cash (Investing)
$-738.00
-356.00
-379.10
-391.40
-2720.70
672.00
-545.00
-206.00
-422.00
-1181.00
-1639.00
-786.00
-1053.00
-33.97%Increase/Decrease in Debt
$306.80
77.80
290.60
-417.70
2001.20
-231.00
-861.00
-178.00
1112.00
-262.00
98.00
1361.00
-440.00
-132.33%Increase/Decrease in Equity
$-473.90
-494.10
-398.80
-360.10
-99.50
-59.00
-76.00
-711.00
-945.00
-75.00
-766.00
-618.00
-3.00
99.51%Dividends Paid
$45.70
61.80
75.20
72.70
71.80
83.00
129.00
137.00
182.00
198.00
229.00
254.00
252.00
15.29%-0.79%Net Cash (Financing)
$-216.80
-486.90
-204.00
-845.30
1737.10
-387.00
-1073.00
-1040.00
-46.00
-602.00
-894.00
485.00
-662.00
-236.49%Effect of Exchange Rate
$20.20
-2.00
-14.00
-0.40
9.50
-106.00
-9.00
-51.00
-2.00
-74.00
-29.00
-21.00
4.00
-12.62%119.05%Increase/Decrease in Cash
$13.80
8.30
241.90
-224.60
32.60
373.00
-149.00
269.00
1078.00
-425.00
-802.00
-21.00
152.00
22.13%823.81%Cash (Beginning)
$152.00
165.80
174.10
416.00
191.40
224.00
597.00
459.00
728.00
1806.00
1381.00
579.00
558.00
11.45%-3.63%Cash (Ending)
$165.80
174.10
416.00
191.40
224.00
597.00
448.00
728.00
1806.00
1381.00
579.00
558.00
710.00
12.89%27.24%NOPAT
$581.57
571.51
591.51
643.89
522.87
929.70
544.55
661.74
823.16
858.46
1091.20
995.64
1080.64
5.30%8.54%Gross Margin %
19.79%
20.86%
19.74%
16.83%
19.03%
Operating Margin %
9.70%
9.05%
9.39%
9.79%
7.57%
5.11%
7.30%
8.04%
8.12%
8.51%
9.35%
7.91%
9.07%
NOPAT Margin %
6.74%
6.54%
6.99%
7.51%
6.54%
10.26%
4.96%
5.69%
7.17%
7.29%
7.90%
6.49%
7.70%
Net Margin %
5.14%
4.62%
4.80%
5.48%
3.51%
2.90%
3.41%
3.90%
4.93%
4.97%
6.36%
4.68%
5.04%
Tax Rate %
30.51%
27.70%
25.63%
23.22%
13.60%
-100.80%
32.10%
29.23%
11.68%
14.41%
15.48%
17.99%
15.11%
ROA
7.98%
7.61%
7.56%
8.50%
5.35%
5.75%
3.17%
4.00%
4.74%
4.70%
5.54%
5.00%
5.60%
ROE
42.20%
44.30%
42.51%
51.94%
41.45%
26.26%
13.46%
18.58%
27.27%
25.73%
29.61%
28.23%
28.16%
ROIC
11.22%
10.70%
10.76%
12.77%
10.60%
7.52%
4.45%
5.82%
7.36%
7.22%
9.12%
7.71%
8.34%
Asset Turnover
1.18
1.16
1.08
1.13
0.82
0.56
0.64
0.70
0.66
0.65
0.70
0.77
0.73
Inventory Turnover
-6.60
7.22
6.89
6.18
5.86
7.29
Equity Multiplier
5.29
5.82
5.62
6.11
7.75
4.57
4.24
4.65
5.75
5.47
5.35
5.64
5.03
Current Ratio
1.25
1.39
1.28
1.15
1.02
1.23
0.92
0.96
0.88
1.05
0.88
0.78
0.79
Quick Ratio
0.58
0.66
0.66
0.57
0.52
0.70
0.51
0.62
0.61
0.70
0.52
0.45
0.49
Debt/Equity Ratio
1.96
2.39
2.29
2.42
4.01
2.13
1.72
1.89
2.59
2.34
2.10
2.54
2.23
Working Capital/Sales
0.08
0.08
0.09
0.04
0.01
0.11
0.02
0.01
0.03
0.01
-0.04
0.01
-0.00
Dividend Payout Ratio %
7.86%
10.81%
12.71%
11.29%
13.73%
8.93%
23.69%
20.70%
22.11%
23.06%
20.99%
25.51%
23.32%
Total Payout
$212.80
478.10
183.40
850.50
-1829.90
373.00
1066.00
1026.00
15.00
535.00
897.00
-489.00
695.00
10.37%242.13%Payout Ratio %
36.59%
83.66%
31.01%
132.09%
-349.97%
40.12%
195.76%
155.05%
1.82%
62.32%
82.20%
-49.11%
64.31%