CROWN HOLDINGS, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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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.
FY2025 · Filed Feb 27, 2026
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net income | $883 | $560 | $587 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 456 | 448 | 499 |
| Restructuring and other, net | 83 | 75 | 114 |
| Pension and postretirement expense | 33 | 568 | 70 |
| Pension contributions | 13 | (122) | (19) |
| Gain on sale of equity method investment | — | (275) | — |
| Stock-based compensation | 48 | 42 | 31 |
| Loss from early extinguishments of debt | 15 | 1 | 1 |
| Deferred income taxes | 40 | (168) | (53) |
| Asbestos payments | (19) | (15) | (17) |
| Changes in assets and liabilities: | |||
| Receivables | (42) | 65 | 98 |
| Inventories | (72) | 102 | 463 |
| Accounts payable and accrued liabilities | 140 | (90) | (413) |
| Prepaids and other assets | (10) | 13 | 31 |
| Other, net | (38) | (12) | 61 |
| Net cash provided by operating activities | 1,530 | 1,192 | 1,453 |
| Cash flows from investing activities | |||
| Capital expenditures | (413) | (403) | (793) |
| Proceeds from sale of property, plant, and equipment | 36 | 28 | 17 |
| Acquisitions of businesses, net of cash | — | — | (126) |
| Net investment hedges | 29 | 25 | 25 |
| Distribution from equity method investment | — | 338 | 68 |
| Other | 28 | — | 5 |
| Net cash used for investing activities | (320) | (12) | (804) |
| Cash flows from financing activities | |||
| Net change in revolving credit facility and short-term debt | (3) | — | (396) |
| Proceeds from short-term debt | 376 | 222 | 129 |
| Payments of short-term debt | (361) | (165) | (131) |
| Proceeds from long-term debt | 1,286 | 675 | 1,096 |
| Payments of long-term debt | (1,891) | (1,788) | (312) |
| Premiums paid to retire debt | (14) | — | — |
| Debt issuance costs | (19) | (10) | (16) |
| Dividends paid to noncontrolling interests | (140) | (119) | (126) |
| Dividends paid to shareholders | (120) | (119) | (115) |
| Common stock repurchased | (505) | (217) | (12) |
| Other | 30 | (5) | (1) |
| Net cash (used for) / provided by financing activities | (1,361) | (1,526) | 116 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 14 | (38) | (4) |
| Net change in cash, cash equivalents, and restricted cash | (137) | (384) | 761 |
| Cash, cash equivalents, and restricted cash at January 1 | 1,016 | 1,400 | 639 |
| Cash, cash equivalents, and restricted cash at December 31 | $879 | $1,016 | $1,400 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.