O-I Glass Inc DE

For the period ended Dec 31, 2023. Filed Feb 14, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 14, 2024

OI$5.11-2.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Cash Flows


Years ended December 31, · 2023 · 2022 · 2021
Operating activities:
Net earnings (loss)	$(85)	$627	$172
Gain from discontinued operations			(7)
Non-cash charges (credits):
Depreciation	385	352	356
Amortization of intangibles and other deferred items	98	102	93
Amortization of finance fees and debt discount	11	11	14
Deferred tax provision	25	22	5
Pension expense	30	34	32
Stock-based compensation expense	43	33	8
Restructuring, asset impairment and related charges	97	50	28
Pension settlement and curtailment charges	19	20	74
Charge related to Paddock support agreement liability			154
Brazil indirect tax credit			(71)
Goodwill impairment	445
Gain on sale of divested businesses and miscellaneous assets	(4)	(55)	(84)
Gain on sale leasebacks		(334)
Pension contributions	(32)	(26)	(84)
Cash paid for restructuring activities	(26)	(20)	(30)
Paddock Trust settlement payment and related expenses		(621)
Change in components of working capital (See Note 20)	(148)	95	(13)
Other, net	(40)	(136)	33
Cash provided by continuing operating activities	818	154	680
Cash provided by discontinued operating activities			7
Total cash provided by operating activities	818	154	687
Investing activities:
Cash payments for property, plant and equipment	(688)	(539)	(398)
Contributions and advances to joint ventures	(10)	(12)
Cash proceeds on disposal of other businesses and misc. assets	11	98	122
Cash proceeds on sale leasebacks		368
Cash proceeds on sale of ANZ businesses, net of transaction costs			58
Reconsolidation of reorganized Paddock		12
Net cash proceeds (payments) for hedging activity	4	(24)	(2)
Cash utilized in investing activities	(683)	(97)	(220)
Financing activities:
Additions to long-term debt	1,332	2,852	1,021
Repayments of long-term debt	(1,298)	(2,897)	(1,188)
Increase (decrease) in short-term loans	47	16	(17)
Payment of finance fees	(22)	(29)	(16)
Net cash proceeds (payments) for hedging activity	(40)	133	(15)
Distributions paid to noncontrolling interests	(6)	(27)	(16)
Shares repurchased	(40)	(40)	(40)
Issuance of common stock and other		(2)	(2)
Cash provided by (utilized in) financing activities	(27)	6	(273)
Effect of exchange rate fluctuations on cash	32	(15)	(29)
Increase in cash including cash classified within current assets held for sale	140	48	165
Less: decrease in cash classified within current assets held for sale			(3)
Cash and cash equivalents at beginning of period	773	725	563
Cash and cash equivalents at end of period	$913	$773	$725

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.