CROWN HOLDINGS INC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
CCK$123.23-0.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the Years Ended December 31 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net income | $560 | $587 | $855 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 448 | 499 | 460 |
| Restructuring and other, net | 75 | 114 | (52) |
| Pension and postretirement expense | 568 | 70 | 12 |
| Pension contributions | (122) | (19) | 53 |
| Gain on sale of equity method investment | (275) | — | — |
| Stock-based compensation | 42 | 31 | 29 |
| Deferred income taxes | (168) | (53) | 28 |
| Asbestos payments | (15) | (17) | (21) |
| Changes in assets and liabilities: | |||
| Receivables | 65 | 98 | 29 |
| Inventories | 102 | 463 | (299) |
| Accounts payable and accrued liabilities | (90) | (413) | (149) |
| Prepaids and other assets | 13 | 31 | (44) |
| Other, net | (11) | 62 | (98) |
| Net cash provided by operating activities | 1,192 | 1,453 | 803 |
| Cash flows from investing activities | |||
| Capital expenditures | (403) | (793) | (839) |
| Proceeds from sale of businesses, net of cash | — | — | 182 |
| Proceeds from sale of property, plant and equipment | 28 | 17 | 15 |
| Acquisitions of businesses, net of cash | — | (126) | (31) |
| Net investment hedges | 25 | 25 | 26 |
| Distribution from equity method investment | 338 | 68 | 7 |
| Other | — | 5 | (2) |
| Net cash used for investing activities | (12) | (804) | (642) |
| Cash flows from financing activities | |||
| Net change in revolving credit facility and short-term debt | — | (396) | 268 |
| Proceeds from short-term debt | 222 | 129 | 45 |
| Payments of short-term debt | (165) | (131) | (45) |
| Proceeds from long-term debt | 675 | 1,096 | 2,953 |
| Payments of long-term debt | (1,788) | (312) | (2,278) |
| Debt issuance costs | (10) | (16) | (25) |
| Dividends paid to noncontrolling interests | (119) | (126) | (100) |
| Dividends paid to shareholders | (119) | (115) | (106) |
| Common stock repurchased | (217) | (12) | (722) |
| Other | (5) | (1) | (15) |
| Net cash (used for) / provided by financing activities | (1,526) | 116 | (25) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (38) | (4) | (90) |
| Net change in cash, cash equivalents and restricted cash | (384) | 761 | 46 |
| Cash, cash equivalents and restricted cash at January 1 | 1,400 | 639 | 593 |
| Cash, cash equivalents and restricted cash at December 31 | $1,016 | $1,400 | $639 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.