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Income Statement
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BALL Corp (BLL)

Income Statement Business | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Beverage packaging, North And Central America  5,856.05,076.04,758.04,626.04,178.03,612.03,202.03,187.0
    Other  519.0324.0710.04,472.04,060.03,228.02,668.0460.0
    Beverage packaging, Europe      2,360.01,915.01,653.01,896.0
    Beverage packaging, South America  2,016.01,695.01,670.01,701.01,692.01,014.0591.0588.0
    Other  5,420.04,686.04,336.0836.0   2,439.0
Total revenues   [+]13,811.011,781.011,474.011,635.010,983.09,061.07,997.08,570.0
            Revenue growth   [+]17.2%2.7%-1.4%5.9%21.2%13.3%-6.7%1.2%
Cost of goods sold  11,227.09,585.09,447.09,520.08,938.07,296.06,460.06,903.0
Gross profit  2,584.02,196.02,027.02,115.02,045.01,765.01,537.01,667.0
            Gross margin  18.7%18.6%17.7%18.2%18.6%19.5%19.2%19.5%
Selling, general and administrative  593.0525.0417.0478.0514.0512.0450.0466.0
Equity in earnings  26.0-6.0-1.05.031.015.04.02.0
EBITDA   [+]2,017.01,665.01,609.01,642.01,562.0931.0896.01,122.0
            EBITDA margin  14.6%14.1%14.0%14.1%14.2%10.3%11.2%13.1%
Depreciation  520.0488.0491.0498.0509.0349.0247.0240.0
EBITA  1,497.01,177.01,118.01,144.01,053.0582.0649.0882.0
            EBITA margin  10.8%10.0%9.7%9.8%9.6%6.4%8.1%10.3%
Amortization of intangibles  180.0180.0187.0204.0220.0104.039.041.0
EBIT   [+]1,317.0997.0931.0940.0833.0478.0610.0841.0
            EBIT margin  9.5%8.5%8.1%8.1%7.6%5.3%7.6%9.8%
Interest expense  553.0591.0641.0603.0573.0567.0403.033.0
Other income (expense), net  244.0281.0318.0296.0254.0214.0139.0-162.0
Pre-tax income  1,008.0687.0608.0633.0514.0125.0346.0646.0
Income taxes  156.099.071.0185.0165.0-126.047.0-150.0
            Tax rate  15.5%14.4%11.7%29.2%32.1% 13.6% 
Minority interest   3.030.01.0-6.0-3.0-22.0-28.0
Net income  878.0585.0566.0454.0374.0263.0281.0470.0
            Net margin  6.4%5.0%4.9%3.9%3.4%2.9%3.5%5.5%
   
Basic EPS   [+]$2.69$1.79$1.71$1.32$1.07$0.83$1.02$3.39
Diluted EPS   [+]$2.65$1.76$1.66$1.29$1.05$0.81$1.00$3.30
   
Dividends per share   [+]$0.70$0.60$0.55$0.40$0.37$0.26$0.26$0.52
   
Shares outstanding (basic)   [+]326.0326.3331.1344.8350.3316.5274.6138.5
Shares outstanding (diluted)   [+]331.6332.8340.1352.3357.0322.9282.0142.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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