CROWN HOLDINGS, INC.

Listed Company

CCKCIK 0001219601NYSELarge AcceleratedMetal CansPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

$12.37B

Net Income

$738.00M

Total Assets

$14.27B

Equity

$3.00B

Shares Out

113.23M

Op. Cash Flow

$1.53B

Business

CROWN HOLDINGS, INC. is a global diversified packaging manufacturer that produces metal cans, ends and transit packaging solutions for the beverage, food and aerosol industries. It offers aluminum and steel cans and ends, glass bottles, closures, specialty packaging, automation and end-of-line equipment, protective packaging products, consumables and value-added services including printing, decorating, consultation and technical support. The business is organized into Americas Beverage, European Beverage, Asia Pacific and Transit Packaging reportable segments. The Company sells worldwide through its own sales and marketing organization and local facilities, serving global, regional and local customers.

Summary from filing dated 2025-03-03

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	12,365	11,801	12,010	12,943	11,394
Cost of products sold, excluding depreciation and amortization	9,641	9,262	9,546	10,643	9,029
Depreciation and amortization	456	448	499	460	447
Selling and administrative expense	632	597	582	556	583
Restructuring and other, net	83	75	114	−52	−28
Income from operations	1,553	1,419	1,269	1,336	1,363
Loss from early extinguishments of debt	15	1	1	11	68
Other pension and postretirement	13	546	49	−16	1,515
Gain on sale of equity method investment	0	−275	0	0	—
Interest expense	398	452	436	284	—
Interest income	−55	−82	−53	−15	−9
Foreign exchange	22	34	41	16	−45
Income before income taxes and equity in net earnings of affiliates	1,160	743	795	1,056	−419
Provision for income taxes	281	183	222	243	−57
Equity in net earnings of affiliates	4	0	14	42	3
Net income from continuing operations	883	560	587	855	−411
Net income attributable to noncontrolling interests	145	136	137	128	—
Net income attributable to Crown Holdings	738	424	450	727	−560
Basic (in dollars per share)	6.41	3.56	3.77	6.01	−4.3
Diluted (in dollars per share)	6.38	3.55	3.76	5.99	−4.3

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	764	918	1,310	550	531
Receivables, net	1,768	1,656	1,719	1,843	1,889
Inventories	1,577	1,440	1,613	2,014	1,735
Prepaid expenses and other current assets	279	197	191	252	243
Total current assets	4,388	4,211	4,833	4,659	4,495
Goodwill	3,155	2,954	3,117	2,951	3,007
Intangible assets, net	959	1,044	1,258	1,358	1,525
Property, plant, and equipment, net	5,187	4,927	5,062	4,540	4,036
Operating lease right-of-use assets, net	193	201	211	221	191
Other non-current assets	390	511	553	572	604
Total assets	14,272	13,848	15,034	14,301	13,858
Short-term debt	83	66	16	76	75
Current maturities of long-term debt	480	80	759	109	135
Current portion of operating lease liabilities	48	47	45	44	42
Accounts payable	2,643	2,425	2,459	2,773	2,901
Accrued liabilities	1,012	847	922	930	966
Total current liabilities	4,266	3,465	4,201	3,932	4,133
Long-term debt, excluding current maturities	5,401	6,058	6,699	6,792	6,052
Postretirement and pension liabilities	291	260	414	394	497
Non-current portion of operating lease liabilities	158	167	175	184	150
Other non-current liabilities	676	670	681	712	696
Commitments and contingent liabilities (Note Q)	—	—	—	—	—
Noncontrolling interests	481	472	454	438	418
Preferred stock, authorized: 30,000,000; none issued (Note U)	0	0	0	0	0
Common stock, par value: $5.00; 500,000,000 shares authorized; shares issued; and 118,503,631 shares outstanding in 2025 and 2024 (Note U)	569	594	604	600	630
Additional paid-in capital	0	0	17	0	0
Retained earnings	3,812	3,624	3,476	3,141	3,180
Accumulated other comprehensive loss	−1,382	−1,462	−1,687	−1,892	−1,898
Crown Holdings shareholders equity	2,999	2,756	2,410	1,849	1,912
Total equity	3,480	3,228	2,864	2,287	2,330
Total liabilities and equity	14,272	13,848	15,034	14,301	13,858

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	456	448	499	460	463
Restructuring and other, net	83	75	114	−52	−26
Pension and postretirement expense	33	568	70	12	—
Pension contributions	13	−122	−19	53	—
Stock-based compensation	48	42	31	29	33
Deferred income taxes	40	−168	−53	28	−248
Asbestos payments	−19	−15	−17	−21	−19
Receivables	−42	65	98	29	−590
Inventories	−72	102	463	−299	−609
Accounts payable and accrued liabilities	140	−90	−413	−149	873
Prepaids and other assets	−10	13	31	−44	−40
Other, net	−38	−12	61	−98	−2
Net cash provided by operating activities	1,530	1,192	1,453	803	905
Capital expenditures	−413	−403	−793	−839	−816
Proceeds from sale of property, plant, and equipment	36	28	17	15	44
Acquisitions of businesses, net of cash	0	0	−126	−31	0
Net investment hedges	29	25	25	26	25
Distribution from equity method investment	0	338	68	7	0
Other	28	0	5	−2	−1
Net cash used for investing activities	−320	−12	−804	−642	1,507
Net change in revolving credit facility and short-term debt	−3	0	−396	268	—
Proceeds from short-term debt	376	222	129	45	—
Payments of short-term debt	−361	−165	−131	−45	—
Proceeds from long-term debt	1,286	675	1,096	2,953	144
Payments of long-term debt	−1,891	−1,788	−312	−2,278	−1,834
Premiums paid to retire debt	−14	0	0	−4	−64
Debt issuance costs	−19	−10	−16	−25	0
Dividends paid to noncontrolling interests	−140	−119	−126	−100	−122
Dividends paid to shareholders	−120	−119	−115	−106	−105
Common stock repurchased	−505	−217	−12	−722	−950
Other	30	−5	−1	−15	0
Net cash (used for) / provided by financing activities	−1,361	−1,526	116	−25	−2,944
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	14	−38	−4	−90	−113
Net change in cash, cash equivalents, and restricted cash	−137	−384	761	46	−645

Filings

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