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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Americas Beverage | 5,126.0 | 4,441.0 | 3,565.0 | 3,369.0 | 3,282.0 | 2,928.0 | 2,757.0 | 2,771.0 |
European Food | | | | | 1,982.0 | 1,935.0 | 1,855.0 | 1,984.0 |
European Beverage | 2,114.0 | 1,843.0 | 1,473.0 | 1,497.0 | 1,489.0 | 1,457.0 | 1,420.0 | 1,504.0 |
Asia Pacific | 1,615.0 | 1,322.0 | 1,168.0 | 1,290.0 | 1,316.0 | 1,177.0 | 1,116.0 | 1,202.0 |
Other | 4,088.0 | 3,788.0 | 3,186.0 | 3,403.0 | 3,082.0 | 1,201.0 | 1,136.0 | 1,301.0 |
Total revenues | 12,943.0 | 11,394.0 | 9,392.0 | 9,559.0 | 11,151.0 | 8,698.0 | 8,284.0 | 8,762.0 |
Revenue growth [+] | 13.6% | 21.3% | -1.7% | -14.3% | 28.2% | 5.0% | -5.5% | -3.7% |
Americas Beverage | 15.4% | 24.6% | 5.8% | 2.7% | 12.1% | 6.2% | -0.5% | 18.7% |
European Food | | | | | 2.4% | 4.3% | -6.5% | -9.7% |
European Beverage | 14.7% | 25.1% | -1.6% | 0.5% | 2.2% | 2.6% | -5.6% | -11.9% |
Asia Pacific | 22.2% | 13.2% | -9.5% | -2.0% | 11.8% | 5.5% | -7.2% | -2.0% |
Intersegment sales | -13.6% | 76.6% | 15.8% | -50.7% | 21.6% | -16.2% | -0.7% | |
Cost of goods sold | 460.0 | 447.0 | 422.0 | 431.0 | 425.0 | 247.0 | 6,870.0 | 7,116.0 |
Gross profit | 12,483.0 | 10,947.0 | 8,970.0 | 9,128.0 | 10,726.0 | 8,451.0 | 1,414.0 | 1,646.0 |
Gross margin | 96.4% | 96.1% | 95.5% | 95.5% | 96.2% | 97.2% | 17.1% | 18.8% |
Selling, general and administrative | 556.0 | 583.0 | 533.0 | 556.0 | 558.0 | 367.0 | 366.0 | 390.0 |
Equity in earnings | 42.0 | 3.0 | 6.0 | 5.0 | 4.0 | | | |
Other operating expenses | 10,589.0 | 9,035.0 | 7,327.0 | 7,564.0 | 9,023.0 | 7,018.0 | 14.0 | 259.0 |
EBITDA [+] | 1,840.0 | 1,795.0 | 1,597.0 | 1,503.0 | 1,574.0 | 1,313.0 | 1,281.0 | |
EBITDA growth | 2.5% | 12.4% | 6.3% | -4.5% | 19.9% | 2.5% | 28.5% | 9.1% |
EBITDA margin | 14.2% | 15.8% | 17.0% | 15.7% | 14.1% | 15.1% | 15.5% | 11.4% |
Depreciation and amortization | 460.0 | 463.0 | 481.0 | 490.0 | 425.0 | 247.0 | 247.0 | |
EBIT [+] | 1,380.0 | 1,332.0 | 1,116.0 | 1,013.0 | 1,149.0 | 1,066.0 | 1,034.0 | 997.0 |
EBIT growth | 3.6% | 19.4% | 10.2% | -11.8% | 7.8% | 3.1% | 3.7% | 9.1% |
EBIT margin | 10.7% | 11.7% | 11.9% | 10.6% | 10.3% | 12.3% | 12.5% | 11.4% |
Non-recurring items [+] | 2.0 | -34.0 | 62.0 | -19.0 | 49.0 | 42.0 | 37.0 | 70.0 |
Asset impairment | 106.0 | 20.0 | -2.0 | 7.0 | 5.0 | -12.0 | -14.0 | -22.0 |
Unusual expense | | | | | | 3.0 | 21.0 | 26.0 |
Interest expense, net [+] | 269.0 | 244.0 | 282.0 | 352.0 | 363.0 | 237.0 | 231.0 | 259.0 |
Interest expense | 284.0 | 253.0 | 290.0 | 367.0 | 384.0 | 252.0 | 243.0 | 270.0 |
Interest income | 15.0 | 9.0 | 8.0 | 15.0 | 21.0 | 15.0 | 12.0 | 11.0 |
Other income (expense), net [+] | -53.0 | -1,541.0 | -47.0 | -49.0 | 3.0 | 42.0 | 3.0 | -29.0 |
Gain (loss) on debt retirement | -11.0 | -68.0 | | -27.0 | | -7.0 | -37.0 | -9.0 |
Gain (loss) on foreign currency transactions | 16.0 | -45.0 | -2.0 | 7.0 | 18.0 | 4.0 | -16.0 | 20.0 |
Pre-tax income | 1,056.0 | -419.0 | 725.0 | 631.0 | 740.0 | 829.0 | 769.0 | 639.0 |
Income taxes | 243.0 | -57.0 | 199.0 | 136.0 | 216.0 | 401.0 | 186.0 | 178.0 |
Tax rate | 23.0% | 13.6% | 27.4% | 21.6% | 29.2% | 48.4% | 24.2% | 27.9% |
Minority interest | | | | | 89.0 | 105.0 | 87.0 | 68.0 |
Earnings from continuing ops | 855.0 | -359.0 | 532.0 | 500.0 | 439.0 | 323.0 | 496.0 | 393.0 |
Earnings from discontinued ops | | -52.0 | 156.0 | 125.0 | | | | |
Net income | 855.0 | -411.0 | 688.0 | 625.0 | 439.0 | 323.0 | 496.0 | 393.0 |
Net margin | 6.6% | -3.6% | 7.3% | 6.5% | 3.9% | 3.7% | 6.0% | 4.5% |
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Basic EPS [+] | $7.07 | ($2.75) | $3.98 | $3.73 | $3.28 | $2.39 | $3.58 | $2.85 |
Growth | -356.9% | -169.1% | 6.7% | 13.7% | 37.6% | -33.3% | 25.7% | 0.3% |
Diluted EPS [+] | $7.04 | ($2.75) | $3.95 | $3.71 | $3.28 | $2.38 | $3.56 | $2.82 |
Growth | -355.8% | -169.6% | 6.7% | 13.1% | 37.7% | -33.1% | 26.1% | 0.3% |
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Shares outstanding (basic) [+] | 120.9 | 130.4 | 133.5 | 133.9 | 133.6 | 135.3 | 138.5 | 137.9 |
Growth | -7.3% | -2.4% | -0.3% | 0.2% | -1.2% | -2.3% | 0.4% | 0.5% |
Shares outstanding (diluted) [+] | 121.4 | 130.4 | 134.6 | 134.9 | 133.9 | 135.6 | 139.3 | 139.1 |
Growth | -6.9% | -3.1% | -0.2% | 0.7% | -1.3% | -2.7% | 0.1% | 0.4% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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