O-I Glass Inc DE
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
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FY2024 · Filed Feb 12, 2025
OI$5.11-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Cash Flows
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| Years ended December 31, · 2024 · 2023 · 2022 | ||||||||||
| Operating activities: | | | | | | | | | | |
| Net earnings (loss) | | $(88) | | $(85) | | $627 | | |||
| Non-cash charges (credits): | | | | | | | | | | |
| Depreciation | | 395 | | 385 | | 352 | | |||
| Amortization of intangibles and other deferred items | | 91 | | 98 | | 102 | | |||
| Amortization of finance fees and debt discount | | 10 | | 11 | | 11 | | |||
| Deferred tax provision | | 7 | | 25 | | 22 | | |||
| Pension expense | | 32 | | 30 | | 34 | | |||
| Stock-based compensation expense | | | 14 | | | 43 | | | 33 | |
| Restructuring, asset impairment and related charges | | 208 | | 97 | | 50 | | |||
| Pension settlement and curtailment charges | | | 5 | | | 19 | | | 20 | |
| Legacy environmental charge | | | 11 | | | | | | | |
| Goodwill impairment | | | | | | 445 | | | | |
| Equity investment impairment | | | 25 | | | | | | | |
| Gain on sale of divested businesses and miscellaneous assets | | | (6) | | | (4) | | | (55) | |
| Gain on sale leasebacks | | | | | | | | | (334) | |
| Pension contributions | | (32) | | (32) | | (26) | | |||
| Cash paid for restructuring activities | | (41) | | (26) | | (20) | | |||
| Paddock Trust settlement payment and related expenses | | | | | | | | | (621) | |
| Change in components of working capital (See Note 20) | | (125) | | (148) | | 95 | | |||
| Other, net | | (17) | | (40) | | (136) | | |||
| Cash provided by operating activities | | 489 | | 818 | | 154 | | |||
| Investing activities: | | | | | | | | | | |
| Cash payments for property, plant and equipment | | (617) | | (688) | | (539) | | |||
| Contributions and advances to joint ventures | | | (3) | | | (10) | | | (12) | |
| Cash proceeds on disposal of other businesses and misc. assets | | 29 | | 11 | | 98 | | |||
| Cash proceeds on sale leasebacks | | | | | | | | | 368 | |
| Reconsolidation of reorganized Paddock | | | | | | | | | 12 | |
| Net cash proceeds (payments) for hedging activity | | | (29) | | | 4 | | | (24) | |
| Cash utilized in investing activities | | (620) | | (683) | | | (97) | | ||
| Financing activities: | | | | | | | | | | |
| Additions to long-term debt | | 1,102 | | 1,332 | | 2,852 | | |||
| Repayments of long-term debt | | (1,043) | | (1,298) | | (2,897) | | |||
| Increase in short-term loans | | 17 | | 47 | | 16 | | |||
| Payment of finance fees | | | (13) | | | (22) | | | (29) | |
| Net cash proceeds (payments) for hedging activity | | | | | | (40) | | | 133 | |
| Distributions paid to noncontrolling interests | | (17) | | (6) | | (27) | | |||
| Shares repurchased | | (40) | | (40) | | | (40) | | ||
| Other, net | | (14) | | | | (2) | | |||
| Cash provided by (utilized in) financing activities | | (8) | | (27) | | 6 | | |||
| Effect of exchange rate fluctuations on cash | | (40) | | 32 | | (15) | | |||
| Change in cash | | | (179) | | | 140 | | | 48 | |
| Cash and cash equivalents at beginning of period | | 913 | | 773 | | 725 | | |||
| Cash and cash equivalents at end of period | | $734 | | $913 | | $773 | | |||
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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