CROWN HOLDINGS INC
For the period ended Mar 31, 2024. Filed May 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
CCK$123.23-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF CASH FLOWS (Condensed)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income | $93 | $122 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Depreciation and amortization | 115 | 123 |
| Restructuring and other, net | 23 | 11 |
| Pension and postretirement expense | 16 | 17 |
| Pension contributions | 4 | 1 |
| Stock-based compensation | 12 | 11 |
| Equity earnings, net of distributions | 2 | 27 |
| Working capital changes and other | (367) | (547) |
| Net cash used for operating activities | (102) | (235) |
| Cash flows from investing activities | ||
| Capital expenditures | (94) | (233) |
| Net investment hedge | 13 | 13 |
| Distribution from equity method investment | — | 56 |
| Other | — | 3 |
| Net cash used for investing activities | (81) | (161) |
| Cash flows from financing activities | ||
| Net change in revolving credit facility and short-term debt | — | 249 |
| Proceeds from short-term debt | 80 | 82 |
| Payments of short-term debt | (8) | — |
| Proceeds from long-term debt | 20 | — |
| Payments of long-term debt | (32) | (24) |
| Dividends paid to noncontrolling interests | (15) | (11) |
| Dividends paid to shareholders | (30) | (29) |
| Common stock repurchased | (5) | (6) |
| Other | (1) | 1 |
| Net cash provided by financing activities | 9 | 262 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (8) | (3) |
| Net change in cash, cash equivalents and restricted cash | (182) | (137) |
| Cash, cash equivalents and restricted cash at January 1 | 1,400 | 639 |
| Cash, cash equivalents and restricted cash at March 31 | $1,218 | $502 |
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