← Amcor plc
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net income | $581.0m | $586.6m | $437.4m | $616.6m | $951.0m | $815.0m | $1.1b | $740.0m | $518.0m | |
| Net Income (Loss) Attributable to Parent | $581.0m | $586.6m | $430.2m | $612.2m | $939.0m | $805.0m | $1.0b | $730.0m | $511.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $581.0m | $586.6m | $437.4m | $611.8m | $937.0m | $802.0m | $1.0b | $727.0m | $510.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | $436.7m | $624.3m | $951.0m | $815.0m | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | $700k | ($7.7m) | $0 | $0 | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $7.2m | $4.4m | $12.0m | $10.0m | $10.0m | $10.0m | $7.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $437.4m | $616.6m | $951.0m | $815.0m | $1.1b | $740.0m | $518.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $5.8m | — | — | — | — | — | — | |
| Amortization of Intangible Assets | — | — | $44.0m | $204.4m | $182.0m | $180.0m | $174.0m | $181.0m | $263.0m | |
| Amortization of debt discount and deferred financing costs | $5.0m | $5.1m | $5.8m | $8.1m | $10.0m | $2.0m | $4.0m | $10.0m | $36.0m | |
| Depreciation | — | — | $305.7m | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | — | — | $453.0m | $651.6m | $574.0m | $625.0m | $586.0m | $595.0m | $722.0m | |
| Depreciation, amortization, and impairment | $374.2m | $357.1m | $453.0m | $651.6m | $574.0m | $625.0m | $586.0m | $595.0m | $722.0m | |
| Inventory step-up amortization | — | — | — | — | — | — | $0 | $0 | $133.0m | |
| Other Depreciation and Amortization | — | — | — | $402.8m | $389.0m | $398.0m | $395.0m | $402.0m | $453.0m | |
| Depreciation, Amortization and Accretion, Net | — | — | $349.7m | $607.2m | $572.0m | $579.0m | $569.0m | $583.0m | $716.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | $72.8m | ($113.7m) | $4.0m | ($33.0m) | ($57.0m) | ($37.0m) | ($125.0m) | |
| Deferred income taxes, net | ($29.1m) | ($73.5m) | $72.8m | ($113.7m) | $4.0m | ($33.0m) | ($57.0m) | ($37.0m) | ($125.0m) | |
| Equity Method Investment, Other than Temporary Impairment | — | — | $14.0m | $25.6m | $0 | $0 | — | — | — | |
| Goodwill, Impairment Loss | — | — | $24.2m | — | $0 | $0 | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $31.1m | $31.1m | $0 | $0 | $0 | $0 | $0 | |
| Purchase of treasury shares and tax withholdings for share-based incentive plans | — | — | — | — | — | ($143.0m) | ($221.0m) | ($51.0m) | ($122.0m) | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | $234.0m | ($104.0m) | $97.0m | $307.0m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | $18.6m | $34.0m | $58.0m | $63.0m | $54.0m | $32.0m | $74.0m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $18.6m | $34.0m | $58.0m | $63.0m | $54.0m | $32.0m | $74.0m | |
| Share-based compensation | $26.5m | $21.0m | $18.6m | $34.0m | $58.0m | $63.0m | $54.0m | $32.0m | $74.0m | |
| Gain (Loss) on Disposition of Business | — | — | $159.1m | $0 | $44.0m | $0 | $220.0m | $0 | $8.0m | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | $9.0m | ($10.0m) | $0 | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $82.9m | $137.0m | $16.0m | $12.7m | $26.0m | $18.0m | $30.0m | $6.0m | $2.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $82.9m | $137.0m | $84.7m | $3.6m | $10.0m | $3.0m | $5.0m | $11.0m | $7.0m | |
| Income (Loss) from Equity Method Investments | — | — | $4.1m | ($14.0m) | $19.0m | $0 | $0 | ($4.0m) | $3.0m | |
| Income Tax Expense (Benefit) | — | — | $171.5m | $186.9m | $261.0m | $300.0m | $193.0m | $163.0m | $135.0m | |
| Net gain on disposal of property, plant, and equipment | $82.9m | ($18.2m) | ($16.0m) | ($3.6m) | ($10.0m) | ($3.0m) | ($5.0m) | ($11.0m) | ($7.0m) | |
| Other Nonoperating Income (Expense) | — | — | — | $15.9m | $11.0m | $11.0m | $2.0m | $3.0m | ($12.0m) | |
| Changes in operating assets and liabilities: | ||||||||||
| Additional Financial Items | ||||||||||
| Accrued employee costs | ($5.1m) | ($53.9m) | ($32.4m) | $81.3m | $29.0m | ($20.0m) | ($84.0m) | $8.0m | $47.0m | |
| Employee benefit obligations | ($68.5m) | ($36.4m) | ($25.1m) | ($32.5m) | ($40.0m) | ($35.0m) | ($25.0m) | ($39.0m) | ($47.0m) | |
| Equity in (income)/loss of affiliated companies | ($14.1m) | $17.5m | ($4.1m) | $14.0m | ($19.0m) | $0 | $0 | $4.0m | ($3.0m) | |
| Financing-related transaction fees | — | — | — | — | — | — | $0 | $0 | ($11.0m) | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | — | ($4.0m) | $19.0m | ($17.0m) | ($10.0m) | ($6.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | $16.2m | ($21.0m) | $14.0m | ($28.0m) | ($27.0m) | ($9.0m) | |
| Goodwill | — | — | $5.2b | $5.3b | $5.4b | $5.3b | $5.4b | $5.3b | $11.3b | |
| Increase (Decrease) in Accounts Payable | — | — | $120.5m | ($48.1m) | $342.0m | $711.0m | ($429.0m) | ($43.0m) | $220.0m | |
| Increase (Decrease) in Accounts Receivable | — | — | $83.7m | ($133.3m) | $189.0m | $272.0m | ($93.0m) | $43.0m | $228.0m | |
| Increase (Decrease) in Inventories | — | — | ($3.2m) | ($25.6m) | $112.0m | $626.0m | ($248.0m) | ($95.0m) | $0 | |
| Inventories | ($48.1m) | ($95.0m) | $3.2m | $25.6m | ($112.0m) | ($626.0m) | $248.0m | $95.0m | $0 | |
| Investment Income, Interest | — | — | $16.8m | $22.2m | $14.0m | $24.0m | $31.0m | $38.0m | $49.0m | |
| Investments in affiliated companies and other | $0 | ($13.2m) | $0 | $0 | ($5.0m) | ($12.0m) | ($56.0m) | ($3.0m) | $0 | |
| Issuance of loans to affiliated companies and other | — | ($700k) | ($500k) | ($200k) | $0 | ($5.0m) | ($1.0m) | $0 | $0 | |
| Loss from highly inflationary accounting for Argentine subsidiaries | $0 | $0 | $30.2m | ($37.9m) | $27.0m | $22.0m | $62.0m | $106.0m | $27.0m | |
| Net borrowing/(repayment) of commercial paper | — | $16.3m | ($557.6m) | $1.7b | ($235.0m) | $638.0m | $94.0m | ($1.0b) | $228.0m | |
| Net foreign exchange loss | ($35.3m) | $85.9m | ($5.1m) | ($16.2m) | $21.0m | ($14.0m) | $28.0m | $27.0m | $9.0m | |
| Net gain on disposal of businesses | $0 | $0 | ($159.1m) | $0 | ($44.0m) | $0 | ($220.0m) | $0 | ($8.0m) | |
| Net periodic benefit cost | $80.2m | $7.7m | $12.5m | $9.1m | $15.0m | $12.0m | $11.0m | $12.0m | $32.0m | |
| Nonoperating Income (Expense) | — | — | $3.5m | — | — | — | — | — | — | |
| Other current liabilities | ($22.3m) | ($68.2m) | $97.6m | $8.4m | $11.0m | $123.0m | $21.0m | ($74.0m) | $15.0m | |
| Other, net | ($9.9m) | $3.3m | ($21.4m) | ($5.2m) | $2.0m | ($21.0m) | ($35.0m) | ($19.0m) | ($28.0m) | |
| Payments of Financing Costs | — | — | — | — | — | — | — | — | $11.0m | |
| Pension Cost (Reversal of Cost) | — | — | — | $9.1m | $15.0m | $12.0m | $11.0m | $12.0m | $32.0m | |
| Prepaid expenses and other current assets | ($21.4m) | ($10.0m) | ($52.0m) | ($23.2m) | ($90.0m) | ($67.0m) | ($54.0m) | ($5.0m) | ($57.0m) | |
| Proceeds from exercise of options | $23.8m | $28.1m | $19.3m | $1.0m | $30.0m | $114.0m | $134.0m | $0 | $15.0m | |
| Purchase of non-controlling interest | — | ($100k) | $3.6m | $4.3m | ($8.0m) | $0 | $0 | $0 | ($2.0m) | |
| Repayment of lease liabilities | ($1.7m) | ($3.5m) | ($1.9m) | ($1.6m) | ($2.0m) | ($5.0m) | ($11.0m) | ($11.0m) | ($12.0m) | |
| Share buyback/cancellations | — | $0 | $0 | ($536.6m) | ($351.0m) | ($601.0m) | ($432.0m) | ($30.0m) | $0 | |
| Trade payables | $137.5m | $137.0m | $120.5m | ($48.1m) | $342.0m | $711.0m | ($429.0m) | ($43.0m) | $220.0m | |
| Trade receivables | ($13.2m) | $700k | ($83.7m) | $133.3m | ($189.0m) | ($272.0m) | $93.0m | ($43.0m) | ($228.0m) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | ($2.3m) | ($5.3m) | ($3.0m) | ($8.0m) | ($5.0m) | ($3.0m) | ($12.0m) | |
| Other Operating Income (Expense), Net | — | — | $186.4m | $55.7m | $75.0m | $33.0m | $26.0m | ($35.0m) | $53.0m | |
| Net cash provided by operating activities | $908.9m | $871.4m | $776.1m | $1.4b | $1.5b | $1.5b | $1.3b | $1.3b | $1.4b | |
| Net Cash Provided by (Used in) Operating Activities | $908.9m | $871.4m | $776.1m | $1.4b | $1.5b | $1.5b | $1.3b | $1.3b | $1.4b | |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($379.3m) | ($365.0m) | $332.2m | ($399.5m) | ($468.0m) | ($527.0m) | ($526.0m) | ($492.0m) | ($580.0m) | |
| Proceeds from sales of property, plant, and equipment, and other intangible assets | $82.9m | $137.0m | $84.7m | $12.7m | $26.0m | $18.0m | $30.0m | $39.0m | $18.0m | |
| Purchase of property, plant, and equipment, and other intangible assets | $379.3m | ($365.0m) | ($332.2m) | ($399.5m) | ($468.0m) | ($527.0m) | ($526.0m) | ($492.0m) | ($580.0m) | |
| Business acquisitions, net of cash acquired | ($335.6m) | $0 | $41.9m | $0 | $0 | $0 | ($121.0m) | ($20.0m) | ($1.7b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | ($41.9m) | — | — | — | $121.0m | $20.0m | $1.7b | |
| Proceeds from divestitures, net of cash divested | — | — | — | $425.0m | $214.0m | ($1.0m) | $365.0m | $0 | $113.0m | |
| Net cash used in investing activities | ($632.0m) | ($241.9m) | $10.2m | $37.9m | ($233.0m) | ($527.0m) | ($309.0m) | ($476.0m) | ($2.1b) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | $10.2m | $37.9m | ($233.0m) | ($527.0m) | ($309.0m) | ($476.0m) | ($2.1b) | |
| Cash flows from financing activities: | ||||||||||
| Proceeds from Issuance of Long-term Debt | $4.0b | $4.5b | $7.4b | $3.2b | $790.0m | $1.1b | $522.0m | $1.0b | $2.2b | |
| Proceeds from issuance of long-term debt | $4.0b | $4.5b | $7.4b | $3.2b | $790.0m | $1.1b | $522.0m | $1.0b | $2.2b | |
| Net repayment of short-term debt | — | $155.4m | $379.2m | ($585.9m) | ($123.0m) | $15.0m | ($58.0m) | ($10.0m) | ($16.0m) | |
| Repayment of long-term debt | ($3.7b) | ($4.7b) | ($7.9b) | ($4.2b) | ($530.0m) | ($1.2b) | ($330.0m) | ($16.0m) | ($506.0m) | |
| Repayments of Long-term Debt | — | — | $7.9b | $4.2b | $530.0m | $1.2b | $330.0m | $16.0m | $506.0m | |
| Proceeds from Issuance of Common Stock | — | — | $19.3m | $1.0m | $30.0m | $114.0m | $134.0m | $0 | $15.0m | |
| Payments for Repurchase of Common Stock | — | — | — | $536.6m | $351.0m | $601.0m | $432.0m | $30.0m | $0 | |
| Payments of Ordinary Dividends, Common Stock | — | — | $680 | $761 | $742 | $732 | $723 | $722 | $845 | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | $4.3m | ($8.0m) | $0 | $0 | — | ($2.0m) | |
| Dividends paid | ($489.1m) | ($526.8m) | ($679.7m) | ($761.1m) | ($742.0m) | ($732.0m) | ($723.0m) | ($722.0m) | ($845.0m) | |
| Net cash (used in)/provided by financing activities | ($223.0m) | ($542.7m) | ($764.9m) | ($1.2b) | ($1.2b) | ($891.0m) | ($1.0b) | ($857.0m) | $910.0m | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($764.9m) | ($1.2b) | ($1.2b) | ($891.0m) | ($1.0b) | ($857.0m) | $910.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.0m | ($44.7m) | $58.0m | ($108.0m) | ($88.0m) | ($89.0m) | $41.0m | |
| Effect of exchange rates on cash and cash equivalents | ($8.1m) | ($27.5m) | $1.0m | ($44.7m) | $58.0m | ($108.0m) | ($88.0m) | ($89.0m) | $41.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($19.2m) | $141.0m | $107.0m | ($75.0m) | ($161.0m) | ($101.0m) | $239.0m | |
| Net increase/(decrease) in cash and cash equivalents | $45.8m | $59.3m | ($19.2m) | $141.0m | $107.0m | ($75.0m) | ($161.0m) | ($101.0m) | $239.0m | |
| Cash and cash equivalents balance at beginning of the fiscal year | — | — | — | — | $850.0m | $850.0m | $689.0m | $588.0m | — | |
| Cash and cash equivalents balance at end of the fiscal year | — | $620.8m | $601.6m | $742.6m | $850.0m | $775.0m | $689.0m | $588.0m | $827.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $742.6m | $850.0m | $775.0m | $689.0m | $588.0m | $827.0m | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $219.8m | $212.3m | $146.0m | $155.0m | $276.0m | $336.0m | $329.0m | |
| Income Taxes Paid, Net | — | — | $147.7m | $304.4m | $321.0m | $256.0m | $225.0m | $253.0m | $261.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.