SILGAN HOLDINGS INC

Listed Company

SLGNCIK 0000849869NYSELarge AcceleratedMetal CansDelawareFY ends Dec 31

Period

FY 2025

Revenue

$6.48B

Net Income

$288.40M

Total Assets

$9.40B

Equity

$2.27B

Shares Out

105.44M

Op. Cash Flow

$729.84M

Business

SILGAN HOLDINGS INC is a leading manufacturer of sustainable rigid packaging solutions for essential consumer goods. It produces dispensing and specialty closures, steel and aluminum metal containers, custom-designed plastic containers, and complementary capping/sealing equipment and detection systems. The company operates through three business segments: dispensing and specialty closures, metal containers, and custom containers. It manufactures across a global network of plants in North America, Europe, Asia and South America and sells primarily to major branded consumer products companies through a direct sales force, distributors and multi-year supply arrangements.

Summary from filing dated 2025-02-27

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	6,483	5,855	5,988	6,411	5,677
Cost of goods sold	5,334	4,843	4,996	5,364	4,759
Gross profit	1,149	1,012	993	1,048	918
Selling, general and administrative expenses	493	438	384	417	378
Rationalization charges	61	60	8	74	15
Other pension and postretirement (income) expense	−2	−1	4	−45	−51
Income before interest and income taxes	598	515	595	602	576
Interest and other debt expense before loss on early extinguishment of debt	189	166	173	126	108
Loss on early extinguishment of debt	0	1	0	1	1
Interest and other debt expense	189	167	173	128	110
Income before income taxes	409	348	422	474	466
Income Tax Expense (Benefit)	123	72	96	133	107
Income before equity in earnings of affiliates	285	276	326	341	—
Equity in earnings of affiliates, net of tax	3	685,000	0	0	—
Net income	288	276	326	341	359
Basic net income per share (in dollars per share)	2.71	2.59	3	3.09	3.25
Diluted net income per share (in dollars per share)	2.7	2.58	2.98	3.07	3.23

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	1,081	823	643	586	631
Trade accounts receivable, less allowances of $7,965 and $9,506, respectively	589	594	600	658	711
Inventories	1,080	928	941	769	799
Prepaid expenses and other current assets	242	177	166	120	154
Total current assets	2,992	2,523	2,349	2,133	2,296
Property, plant and equipment, net	2,378	2,283	—	—	—
Goodwill	2,487	2,316	2,018	1,985	2,038
Other intangible assets, net	900	869	721	764	831
Other assets, net	640	594	561	533	612
Total assets	9,397	8,585	7,611	7,346	7,771
Revolving loans and current portion of long-term debt	632	717	880	80	20
Trade accounts payable	1,252	1,112	1,076	974	1,133
Accrued payroll and related costs	121	109	98	99	109
Accrued liabilities	447	310	258	285	246
Total current liabilities	2,452	2,248	2,312	1,438	1,509
Long-term debt	3,715	3,420	2,546	3,345	3,773
Deferred income taxes	502	506	434	389	435
Other liabilities	454	422	430	456	491
Commitments and contingencies	—	—	—	—	—
Common stock ($0.01 par value per share; 400,000,000 shares authorized, 175,112,496 shares issued and 105,441,971 and 106,794,650 shares outstanding, respectively)	2	2	2	2	2
Paid-in capital	385	368	354	340	325
Retained earnings	3,605	3,403	3,208	2,961	2,692
Accumulated other comprehensive loss	−214	−353	−251	−345	−260
Treasury stock at cost (69,670,525 and 68,317,846 shares, respectively)	−1,504	−1,429	−1,423	−1,239	—
Total stockholders equity	2,274	1,990	1,889	1,718	1,563
Liabilities and equity, total	9,397	8,585	7,611	7,346	7,771

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	319	276	263	263	250
Amortization of debt discount and debt issuance costs	6	5	5	5	6
Stock compensation expense	18	16	16	—	—
Deferred income tax provision (benefit)	19	−33	33	−32	60
Trade accounts receivable, net	50	37	74	30	−81
Inventories	−116	58	−162	6	−110
Trade accounts payable	97	76	−4	20	172
Accrued liabilities	34	−47	−55	43	−30
Other, net	−47	−3	−22	−20	−106
Net cash provided by operating activities	730	722	483	748	557
Purchase of business, net of cash acquired	0	−922	0	−3	−746
Capital expenditures	−307	−263	−227	−216	−232
Proceeds from asset sales	10	8	2	—	—
Other, net	−253,000	258,000	1	−691,000	−824,000
Net cash (used in) investing activities	−297	−1,176	−224	−216	−976
Borrowings under revolving loans	1,512	993	1,122	829	1,185
Repayments under revolving loans	−1,535	−1,011	−1,121	−819	−1,195
Repayment of principal amounts under finance leases	−5	−28	−3	−3	−1
Changes in outstanding checks principally vendors	12	−76	99	−164	142
Proceeds from issuance of long-term debt	704	984	12	6	1,500
Repayments of long-term debt	−725	−100	−58	−301	−900
Debt issuance costs	−9	−8	0	0	−11
Dividends paid on common stock	−86	−82	−79	−72	−62
Repurchase of common stock	−75	−9	−184	−45	−9
Net cash (used in) provided by financing activities	−207	663	−211	−570	649
Effect of exchange rate changes on cash and cash equivalents	33	−28	10	−9	−8
Net increase	258	180	57	−46	222
Interest paid, net	185	160	155	124	102
Income taxes paid, net of refunds	104	92	116	94	94

Filings

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