GOODYEAR TIRE & RUBBER CO /OH/

Listed Company

GTCIK 0000042582NasdaqLarge AcceleratedTires & Inner TubesOhioFY ends Dec 31

Period

FY 2025

Revenue

$18.28B

Net Income

$-1.72B

Total Assets

$18.21B

Equity

$3.23B

Shares Out

286.25M

Op. Cash Flow

$796.00M

Business

GOODYEAR TIRE & RUBBER CO /OH/ is a global manufacturer that develops, manufactures, distributes and sells tires and related products and services worldwide. It offers new tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving, mining, farm and industrial equipment, rubber-related chemicals, tire retreading and commercial truck service and repair. The company operates through three regional segments—Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific—covering OEM and replacement tire businesses. Products are sold via independent dealers, company-owned retail outlets, wholesale distributors, franchised stores, online channels and direct fleet/commercial sales.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Sales (Note 3)	18,280	18,878	20,066	20,805	17,478
Cost of Goods Sold	14,909	15,192	16,582	16,953	13,692
Selling, Administrative and General Expense	2,719	2,782	2,814	2,798	2,699
Goodwill and Intangible Asset Impairment (Note 12)	674	125	230	0	—
Rationalizations (Note 4)	194	86	502	129	93
Interest expense (Note 5)	445	522	532	—	—
Other (Income) Expense (Note 6)	288	134	231	75	94
Net (Gain) Loss on Asset Sales (Note 2)	−816	−93	−104	—	—
Income (Loss) before Income Taxes	−133	130	−721	399	513
United States and Foreign Tax Expense (Note 7)	1,567	95	10	190	−267
Net Income (Loss)	−1,700	35	−731	209	780
Less: Minority Shareholders Net Income (Loss)	21	−11	−2	7	16
Goodyear Net Income (Loss)	−1,721	46	−729	202	764
Basic (in dollars per share)	−5.99	0.16	−2.56	0.71	2.92
Basic, Weighted Average Shares Outstanding (Note 8) (in shares)	288	287	285	284	261
Diluted (in dollars per share)	−5.99	0.16	−2.56	0.71	2.89
Diluted, Weighted Average Shares Outstanding (Note 8) (in shares)	288	288	285	286	264

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents (Note 1)	801	810	902	1,227	1,088
Accounts Receivable (Note 10)	2,341	2,482	2,731	2,610	2,387
Inventories (Note 11)	3,572	3,554	3,698	4,571	3,594
Assets Held for Sale (Note 1)	58	466	0	—	—
Prepaid Expenses and Other Current Assets	446	277	319	257	262
Total Current Assets	7,218	7,589	7,650	8,665	7,331
Goodwill (Note 12)	42	756	781	1,014	1,004
Intangible Assets (Note 12)	663	805	969	1,004	1,039
Deferred Income Taxes (Note 7)	348	1,686	1,630	1,443	1,596
Other Assets (Note 13)	1,096	1,052	1,075	1,035	1,106
Operating Lease Right-of-Use Assets (Note 15)	998	951	985	976	981
Property, Plant and Equipment (Note 14)	7,843	8,082	8,492	8,294	8,345
Total Assets	18,208	20,921	21,582	22,431	21,402
Accounts Payable Trade	3,879	4,092	4,326	4,803	4,148
Compensation and Benefits (Notes 18 and 19)	578	606	663	643	689
Other Current Liabilities	1,259	1,089	1,165	872	822
Notes Payable and Overdrafts (Note 16)	506	558	344	395	406
Operating Lease Liabilities due Within One Year (Note 15)	196	200	200	199	204
Long Term Debt and Finance Leases due Within One Year (Notes 15 and 16)	364	832	449	228	343
Total Current Liabilities	6,782	7,377	7,147	7,140	6,612
Operating Lease Liabilities (Note 15)	862	804	825	821	819
Long Term Debt and Finance Leases (Notes 15 and 16)	5,328	6,392	6,831	7,267	6,648
Compensation and Benefits (Notes 18 and 19)	787	789	974	998	1,445
Deferred Income Taxes (Note 7)	105	108	83	134	135
Other Long Term Liabilities	941	628	885	605	559
Total Liabilities	14,805	16,098	16,745	16,965	16,218
Commitments and Contingent Liabilities (Note 20)	—	—	—	—	—
Common Stock, no par value: Authorized, 450 million shares, Outstanding shares 286 million (285 million in 2024)	286	285	284	283	282
Capital Surplus	3,175	3,159	3,133	3,117	3,107
Retained Earnings	3,360	5,081	5,086	5,775	5,573
Accumulated Other Comprehensive Loss (Note 22)	−3,588	−3,844	−3,835	−3,875	−3,963
Goodyear Shareholders Equity	3,233	4,681	4,668	5,300	4,999
Minority Shareholders Equity Nonredeemable	170	142	169	166	185
Total Shareholders Equity	3,403	4,823	4,779	5,452	5,184
Total Liabilities and Shareholders Equity	18,208	20,921	21,582	22,431	21,402

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and Amortization	1,045	1,049	1,001	964	883
Amortization and Write-Off of Debt Issuance Costs	19	14	15	15	14
Provision for Deferred Income Taxes (Note 7)	1,357	−65	−230	28	−471
Net Pension Curtailments and Settlements (Note 18)	201	−3	40	124	43
Rationalization Payments	−431	−198	−99	−95	−197
Net Gains on Asset Sales (Note 2)	−816	−93	−104	−122	−20
Loss (Gain) on Insurance Recoveries for Damaged Property, Plant and Equipment	0	−75	0	0	—
Operating Lease Expense (Note 15)	318	326	302	300	295
Operating Lease Payments (Note 15)	−287	−277	−278	−276	−278
Pension Contributions and Direct Payments	−83	−69	−54	−60	−91
Accounts Receivable	215	127	−59	−333	−300
Inventories	12	−106	933	−1,042	−982
Accounts Payable Trade	−248	−78	−531	686	923
Compensation and Benefits	28	24	48	−107	64
Other Current Liabilities	247	−151	158	−1	−11
Other Assets and Liabilities	51	27	−111	104	193
Total Cash Flows from Operating Activities	796	698	1,032	521	1,062
Capital Expenditures	−826	−1,188	−1,050	−1,061	−981
Insurance Recoveries for Damaged Property, Plant and Equipment	0	62	0	0	—
Cash Proceeds from Sale and Leaseback Transactions (Note 2)	0	16	99	108	0
Asset Dispositions	1,802	115	16	52	14
Short Term Securities Acquired	0	0	−97	−75	−118
Short Term Securities Redeemed	0	2	94	107	125
Long Term Securities Acquired	0	0	−11	0	0
Long Term Securities Redeemed	4	4	6	0	0
Notes Receivable	14	−23	−79	−16	16
Other Transactions	3	7	−13	−29	7
Total Cash Flows from Investing Activities	997	−1,005	−1,035	−914	−2,793
Short Term Debt and Overdrafts Incurred	966	1,326	954	1,321	1,095
Short Term Debt and Overdrafts Paid	−1,033	−1,095	−1,009	−1,295	−1,047
Long Term Debt Incurred	16,071	14,420	9,932	10,503	9,862
Long Term Debt Paid	−17,763	−14,387	−10,220	−9,947	−8,504
Common Stock Issued	−6	−3	−2	−6	9
Transactions with Minority Interests in Subsidiaries	−4	−8	−3	—	—
Debt Related Costs and Other Transactions	−1	−28	15	8	−93
Total Cash Flows from Financing Activities	−1,770	225	−333	575	1,309
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	23	−39	10	−35	−38
Net Change in Cash, Cash Equivalents and Restricted Cash	46	−121	−326	147	−460

Filings

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