O-I Glass (OI) Financials

$10.80 -0.18 (-1.59%)

Closing price 03:59 PM Eastern

Extended Trading

$10.80 -0.01 (-0.09%)

As of 05:07 PM Eastern

Annual Income Statements for O-I Glass

This table shows O-I Glass' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	164	135	209	180	257	-400	249	149	584	-103	-106
Consolidated Net Income / (Loss)	192	158	230	202	282	-382	264	172	627	-85	-88
Net Income / (Loss) Continuing Operations	215	162	237	205	169	-379	264	165	627	-85	-88
Total Pre-Tax Income	307	268	356	275	277	-261	353	332	805	67	38
Total Operating Income	473	459	568	466	461	-28	581	458	937	864	520
Total Gross Profit	1,253	1,110	1,310	1,333	1,283	1,208	972	1,091	1,213	1,496	1,045
Total Revenue	6,784	6,156	6,702	6,869	6,877	6,691	6,091	6,357	6,856	7,105	6,531
Operating Revenue	6,784	6,156	6,702	6,869	6,877	6,691	6,091	6,357	6,856	7,105	6,531
Total Cost of Revenue	5,531	5,046	5,392	5,536	5,594	5,483	5,119	5,266	5,643	5,609	5,486
Operating Cost of Revenue	5,531	5,046	5,392	5,536	5,594	5,483	5,119	5,266	5,643	5,609	5,486
Total Operating Expenses	780	651	742	867	822	1,236	391	633	276	632	525
Selling, General & Admin Expense	523	476	503	484	483	439	403	433	496	540	445
Research & Development Expense	63	64	65	60	70	68	75	82	79	92	80
Total Other Income / (Expense), net	-166	-191	-212	-191	-184	-233	-228	-126	-132	-797	-482
Interest Expense	230	251	272	268	261	311	265	216	239	342	335
Interest & Investment Income	64	60	60	77	77	78	37	90	107	127	79
Other Income / (Expense), net	-	-	-	-	-	-	-	-	-	-582	-226
Income Tax Expense	92	106	119	70	108	118	89	167	178	152	126
Net Income / (Loss) Attributable to Noncontrolling Interest	28	23	21	22	25	18	15	23	43	18	18
Basic Earnings per Share	$1.00	$0.83	$1.29	$1.11	$1.61	($2.58)	$1.59	$0.95	$3.76	($0.67)	($0.69)
Weighted Average Basic Shares Outstanding	356.50M	161.17M	161.86M	162.74M	160.13M	155.91M	157.44M	155.62M	155.31M	154.65M	154.55M
Diluted Earnings per Share	$0.99	$0.82	$1.28	$1.10	$1.59	($2.58)	$1.57	$0.93	$3.67	($0.67)	($0.69)
Weighted Average Diluted Shares Outstanding	356.50M	161.17M	161.86M	162.74M	160.13M	155.91M	157.44M	155.62M	158.99M	154.65M	154.55M
Weighted Average Basic & Diluted Shares Outstanding	356.50M	161.17M	161.86M	162.74M	160.13M	155.91M	157.44M	155.62M	154.36M	153.67M	154.07M

This table shows O-I Glass' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	231	13	206	110	51	-470	72	57	-80	-155
Consolidated Net Income / (Loss)	235	14	210	113	56	-464	76	62	-76	-150
Net Income / (Loss) Continuing Operations	235	14	210	113	56	-464	76	62	-76	-150
Total Pre-Tax Income	278	29	270	154	82	-439	117	104	-57	-126
Total Operating Income	317	57	308	242	120	194	170	161	10	179
Total Gross Profit	325	259	484	416	364	232	318	303	215	209
Total Revenue	1,693	1,693	1,831	1,890	1,743	1,641	1,593	1,729	1,679	1,530
Operating Revenue	1,693	1,693	1,831	1,890	1,743	1,641	1,593	1,729	1,679	1,530
Total Cost of Revenue	1,368	1,434	1,347	1,474	1,379	1,409	1,275	1,426	1,464	1,321
Operating Cost of Revenue	1,368	1,434	1,347	1,474	1,379	1,409	1,275	1,426	1,464	1,321
Total Operating Expenses	8.00	202	176	174	244	38	148	142	205	30
Selling, General & Admin Expense	128	126	147	143	134	116	123	110	103	109
Research & Development Expense	14	22	19	22	24	27	21	20	20	19
Total Other Income / (Expense), net	-39	-28	-38	-88	-38	-633	-53	-57	-67	-305
Interest Expense	63	64	68	118	78	78	78	87	87	83
Interest & Investment Income	24	36	30	30	40	27	25	30	20	4.00
Income Tax Expense	43	15	60	41	26	25	41	42	19	24
Net Income / (Loss) Attributable to Noncontrolling Interest	4.00	1.00	4.00	3.00	5.00	6.00	4.00	5.00	4.00	5.00
Basic Earnings per Share	$1.49	$0.09	$1.33	$0.71	$0.33	($3.04)	$0.46	$0.37	($0.52)	($1.00)
Weighted Average Basic Shares Outstanding	155.12M	155.31M	154.70M	154.99M	154.70M	154.65M	154.27M	155.28M	154.62M	154.55M
Diluted Earnings per Share	$1.45	$0.08	$1.29	$0.69	$0.32	($2.97)	$0.45	$0.36	($0.52)	($0.98)
Weighted Average Diluted Shares Outstanding	158.94M	158.99M	159.09M	159.33M	159.29M	154.65M	158.47M	157.38M	154.62M	154.55M
Weighted Average Basic & Diluted Shares Outstanding	155.14M	154.36M	155.27M	155.06M	154.73M	153.67M	155.72M	155.36M	154.65M	154.07M

This table details how cash moves in and out of O-I Glass' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	129	-113	93	0.00	20	39	12	165	48	140	-179
Net Cash From Operating Activities	675	608	751	721	791	405	457	687	154	818	489
Net Cash From Continuing Operating Activities	698	612	758	724	793	408	457	680	0.00	0.00	0.00
Net Income / (Loss) Continuing Operations	215	162	237	205	169	-379	264	165	627	-85	-88
Consolidated Net Income / (Loss)	192	158	230	202	282	-382	264	172	627	-85	-88
Depreciation Expense	335	323	375	387	388	390	369	356	352	385	395
Amortization Expense	113	101	116	114	119	119	113	107	113	109	101
Non-Cash Adjustments To Reconcile Net Income	151	4.00	56	209	218	521	-79	141	-873	630	289
Changes in Operating Assets and Liabilities, net	-116	22	-26	-191	-101	-243	-210	-89	-65	-221	-208
Net Cash From Investing Activities	-455	-2,748	-417	-351	-698	-437	93	-220	-97	-683	-620
Net Cash From Continuing Investing Activities	-455	-2,748	-417	-466	-698	-437	93	-220	-97	-683	-620
Purchase of Property, Plant & Equipment	-369	-402	-454	-441	-536	-426	-311	-398	-539	-688	-617
Acquisitions	-114	-2,351	-56	-39	-123	-212	-47	0.00	-12	-10	-3.00
Purchase of Investments	-	-	-	-	-52	-	0.00	-2.00	-	4.00	-29
Sale of Property, Plant & Equipment	19	1.00	85	14	11	197	10	122	98	11	29
Other Investing Activities, net	-	-	-	-	-	4.00	0.00	0.00	380	0.00	0.00
Net Cash From Financing Activities	-70	2,057	-228	-392	-53	68	-557	-273	6.00	-27	-8.00
Net Cash From Continuing Financing Activities	-70	2,057	-228	-392	-53	68	-557	-273	6.00	-27	-8.00
Repayment of Debt	-1,251	-2,411	-1,462	-1,828	-2,384	-4,184	-2,511	-1,204	-2,928	-1,320	-1,056
Repurchase of Common Equity	-32	-100	-	-5.00	-163	-38	0.00	-40	-40	-40	-40
Payment of Dividends	-37	-22	-16	-17	-22	-48	-20	-16	-27	-6.00	-17
Issuance of Debt	1,247	4,589	1,245	1,458	2,511	4,314	1,830	1,004	2,868	1,379	1,105
Other Financing Activities, net	-	-	-	-	0.00	28	147	-15	133	-40	0.00
Other Net Changes in Cash	-	-	-	-	-	-	19	-32	-15	32	-40

This table details how cash moves in and out of O-I Glass' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Continuing Operations	234	15	210	113	56	-464	76	62	-77	-149
Consolidated Net Income / (Loss)	234	15	210	113	56	-464	76	62	-77	-149
Depreciation Expense	115	5.00	118	124	127	16	125	125	127	18
Non-Cash Adjustments To Reconcile Net Income	-765	112	27	16	93	494	34	-2.00	94	163
Changes in Operating Assets and Liabilities, net	72	133	-548	-78	179	226	-505	19	93	185
Net Change in Cash & Equivalents	-138	250	-293	141	171	121	-518	252	108	-21
Net Cash From Operating Activities	-344	378	-193	291	339	381	-270	250	191	318
Net Cash From Investing Activities	42	-205	-98	-168	-191	-226	-215	-165	-126	-114
Net Cash From Continuing Investing Activities	42	-205	-98	-168	-191	-226	-215	-165	-126	-114
Purchase of Property, Plant & Equipment	-147	-193	-95	-173	-197	-223	-213	-160	-136	-108
Acquisitions	-	-1.00	-3.00	-5.00	-1.00	-1.00	0.00	-	-1.00	-2.00
Purchase of Investments	-	-	-	-	-1.00	-2.00	-2.00	-11	-2.00	-14
Sale of Property, Plant & Equipment	-	2.00	-	-	8.00	-	-	-	13	10
Net Cash From Financing Activities	189	60	-16	148	-101	-58	-17	197	4.00	-192
Net Cash From Continuing Financing Activities	189	60	-16	148	-101	-58	-17	197	4.00	-192
Repayment of Debt	-9.00	-2,899	-1.00	-20	-1,207	-92	-13	-11	-849	-183
Repurchase of Common Equity	-10	-10	-10	-10	-10	-10	-10	-10	-10	-10
Payment of Dividends	-1.00	-	-	-	-	-3.00	-	-	-	-8.00
Issuance of Debt	209	2,872	-5.00	221	1,116	47	6.00	227	863	9.00

This table presents O-I Glass' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	7,843	9,421	9,135	9,756	9,699	9,610	8,882	8,832	9,061	9,669	8,654
Total Current Assets	2,371	2,334	2,254	2,420	2,357	2,488	2,297	2,519	2,603	2,884	2,478
Cash & Equivalents	512	399	492	492	512	551	563	725	773	913	734
Accounts Receivable	550	562	580	663	549	621	623	692	760	671	572
Inventories, net	1,035	1,007	983	1,036	1,018	1,045	841	816	848	1,071	963
Prepaid Expenses	274	366	199	229	278	271	270	237	222	229	209
Plant, Property, & Equipment, net	2,445	2,961	2,880	3,131	3,085	3,273	2,907	2,817	2,962	3,555	3,296
Plant, Property & Equipment, gross	5,891	6,227	6,150	6,849	7,024	7,628	7,020	6,855	7,103	8,088	7,788
Accumulated Depreciation	3,446	3,266	3,270	3,718	3,939	4,355	4,113	4,038	4,141	4,533	4,492
Total Noncurrent Assets	3,027	4,126	4,001	4,205	4,257	3,849	3,678	3,496	3,496	3,230	2,880
Long-Term Investments	427	409	433	525	698	694	673	643	695	743	661
Goodwill	1,893	2,489	2,462	2,590	2,513	1,934	1,951	1,840	1,813	1,473	1,321
Intangible Assets	-	597	464	439	400	371	325	286	262	254	198
Employee Benefit Assets	22	32	40	49	44	42	67	150	60	66	92
Other Noncurrent Operating Assets	685	599	602	602	602	808	662	577	666	694	608
Total Liabilities & Shareholders' Equity	7,843	9,421	9,135	9,756	9,699	9,610	8,882	8,832	9,061	9,669	8,654
Total Liabilities	7,072	9,142	8,772	8,829	8,799	9,046	8,481	8,005	7,533	7,925	7,449
Total Current Liabilities	2,328	2,122	2,060	2,280	2,207	1,995	1,898	1,846	2,357	2,346	2,160
Short-Term Debt	488	228	195	162	160	124	197	72	345	248	416
Accounts Payable	1,137	1,212	1,135	1,324	1,321	1,276	1,126	1,210	1,355	1,437	1,142
Accrued Expenses	517	516	557	544	157	132	145	165	181	169	121
Current Deferred & Payable Income Tax Liabilities	43	36	58	35	34	32	22	41	77	90	49
Other Current Liabilities	143	130	115	100	535	431	408	345	399	402	432
Total Noncurrent Liabilities	4,744	7,020	6,712	6,549	6,592	7,051	6,583	6,159	5,176	5,579	5,289
Long-Term Debt	2,957	5,345	5,133	5,121	5,181	5,435	4,945	4,753	4,371	4,698	4,553
Noncurrent Deferred & Payable Income Tax Liabilities	121	124	100	99	96	110	109	102	84	86	74
Noncurrent Employee Benefit Liabilities	643	659	714	638	679	663	634	390	288	315	255
Other Noncurrent Operating Liabilities	227	205	188	209	194	357	895	914	433	480	407
Total Equity & Noncontrolling Interests	771	279	363	927	900	564	401	1,654	1,528	1,744	1,205
Total Preferred & Common Equity	654	171	254	808	786	467	297	720	1,417	1,609	1,079
Total Common Equity	654	171	254	808	786	467	297	1,547	1,417	1,609	1,079
Common Stock	3,068	3,066	3,082	3,101	3,126	3,132	3,131	3,919	3,081	3,088	3,055
Retained Earnings	-440	-305	-96	84	333	-89	152	301	885	782	676
Treasury Stock	-480	-573	-560	-551	-705	-733	-714	-701	-688	-681	-677
Accumulated Other Comprehensive Income / (Loss)	-1,494	-2,017	-2,172	-1,826	-1,968	-1,843	-2,272	-1,972	-1,861	-1,580	-1,975
Noncontrolling Interest	117	108	109	119	114	97	104	107	111	135	126

This table presents O-I Glass' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	8,644	9,425	9,911	9,735	9,409	9,334	9,372
Total Current Assets	2,430	2,752	3,035	2,899	2,660	2,819	2,822
Cash & Equivalents	523	480	754	792	395	671	755
Accounts Receivable	892	997	984	766	801	725	794
Inventories, net	792	1,019	1,037	1,098	1,210	1,153	1,050
Prepaid Expenses	223	256	260	243	254	270	223
Plant, Property, & Equipment, net	2,698	3,062	3,241	3,255	3,551	3,465	3,498
Total Noncurrent Assets	3,516	3,611	3,635	3,581	3,198	3,050	3,052
Goodwill	1,730	1,867	1,901	1,860	1,458	1,395	1,408
Intangible Assets	264	267	268	257	250	226	210
Other Noncurrent Operating Assets	1,522	1,477	1,466	1,464	1,490	1,429	1,434
Total Liabilities & Shareholders' Equity	8,644	9,425	9,911	9,735	9,409	9,334	9,372
Total Liabilities	7,193	7,538	7,768	7,622	7,583	7,703	7,891
Total Current Liabilities	2,096	2,255	2,131	2,070	2,602	2,234	2,292
Short-Term Debt	331	345	242	159	815	500	537
Accounts Payable	1,171	1,304	1,320	1,250	1,170	1,127	1,092
Other Current Liabilities	594	606	569	661	617	607	663
Total Noncurrent Liabilities	5,097	5,283	5,637	5,552	4,981	5,469	5,599
Long-Term Debt	4,280	4,422	4,778	4,754	4,119	4,648	4,709
Other Noncurrent Operating Liabilities	817	861	859	798	862	821	890
Total Equity & Noncontrolling Interests	1,451	1,887	2,143	2,113	1,826	1,631	1,481
Total Preferred & Common Equity	1,451	1,887	2,143	2,113	1,826	1,631	1,481
Total Common Equity	1,451	1,887	2,143	2,113	1,826	1,631	1,481
Common Stock	1,451	1,887	2,143	2,113	1,826	1,631	1,481

This table displays calculated financial ratios and metrics derived from O-I Glass' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.63%	-9.26%	8.87%	2.49%	0.12%	-2.70%	-8.97%	4.37%	7.85%	3.63%	-8.08%
EBITDA Growth	-13.03%	-4.13%	19.93%	-8.69%	0.10%	-50.31%	121.00%	-13.36%	52.23%	-44.65%	1.80%
EBIT Growth	-24.92%	-2.96%	23.75%	-17.96%	-1.07%	-106.07%	2,175.00%	-21.17%	104.59%	-69.90%	4.26%
NOPAT Growth	-41.61%	-16.24%	36.29%	-8.13%	-19.03%	-106.97%	2,316.92%	-47.62%	220.63%	-250.19%	-9.86%
Net Income Growth	-41.82%	-17.71%	45.57%	-12.17%	39.60%	-235.46%	169.11%	-34.85%	264.53%	-113.56%	-3.53%
EPS Growth	-48.17%	-17.17%	56.10%	-14.06%	44.55%	-262.26%	160.85%	-40.76%	294.62%	-118.26%	-2.99%
Operating Cash Flow Growth	-1.03%	-9.93%	23.52%	-3.99%	9.71%	-48.80%	12.84%	50.33%	-77.58%	431.17%	-40.22%
Free Cash Flow Firm Growth	669.44%	-197.59%	144.05%	-129.66%	386.85%	-76.10%	653.76%	-76.37%	5.55%	-639.89%	29.90%
Invested Capital Growth	-26.72%	53.92%	-5.51%	11.37%	-5.22%	-3.04%	-11.71%	-0.23%	11.15%	5.40%	-5.07%
Revenue Q/Q Growth	-2.28%	0.38%	0.24%	1.03%	-1.11%	-0.12%	-2.11%	1.47%	1.56%	-0.73%	-1.67%
EBITDA Q/Q Growth	0.44%	48.15%	7.29%	3.09%	14.83%	117.65%	1.14%	35.24%	4.47%	-29.52%	128.32%
EBIT Q/Q Growth	-13.37%	49.51%	-3.40%	-17.23%	3.83%	82.82%	-14.31%	40.49%	-5.16%	-61.21%	725.53%
NOPAT Q/Q Growth	-39.86%	136.52%	-10.13%	-16.96%	2.54%	82.82%	-19.59%	111.00%	-5.38%	-305.25%	-3,560.21%
Net Income Q/Q Growth	-30.43%	267.44%	-25.81%	-23.19%	77.36%	8.39%	-3.65%	19.44%	-5.29%	-121.63%	78.11%
EPS Q/Q Growth	-37.34%	583.33%	-26.44%	-25.68%	89.29%	8.51%	-29.91%	520.00%	-5.41%	-128.15%	74.25%
Operating Cash Flow Q/Q Growth	7.66%	2.88%	3.59%	26.94%	1.15%	-9.19%	-41.41%	-12.48%	2,100.00%	0.37%	-11.41%
Free Cash Flow Firm Q/Q Growth	245.75%	-85.57%	15.57%	-91.40%	143.48%	-38.21%	-35.44%	-11.29%	135.96%	-741.27%	-514.32%
Invested Capital Q/Q Growth	-35.02%	-15.41%	-18.05%	-16.22%	-21.16%	-19.39%	-14.44%	-11.84%	-13.78%	-19.25%	-19.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.47%	18.03%	19.55%	19.41%	18.66%	18.05%	15.96%	17.16%	17.69%	21.06%	16.00%
EBITDA Margin	13.58%	14.34%	15.80%	14.08%	14.08%	7.19%	17.45%	14.49%	20.45%	10.92%	12.10%
Operating Margin	6.97%	7.46%	8.48%	6.78%	6.70%	-0.42%	9.54%	7.20%	13.67%	12.16%	7.96%
EBIT Margin	6.97%	7.46%	8.48%	6.78%	6.70%	-0.42%	9.54%	7.20%	13.67%	3.97%	4.50%
Profit (Net Income) Margin	2.83%	2.57%	3.43%	2.94%	4.10%	-5.71%	4.33%	2.71%	9.15%	-1.20%	-1.35%
Tax Burden Percent	62.54%	58.96%	64.61%	73.45%	101.81%	146.36%	74.79%	51.81%	77.89%	-126.87%	-231.58%
Interest Burden Percent	64.90%	58.39%	62.68%	59.01%	60.09%	932.14%	60.76%	72.49%	85.91%	23.76%	12.93%
Effective Tax Rate	29.97%	39.55%	33.43%	25.45%	38.99%	0.00%	25.21%	50.30%	22.11%	226.87%	331.58%
Return on Invested Capital (ROIC)	8.55%	6.67%	7.71%	6.90%	5.44%	-0.40%	9.46%	5.29%	16.09%	-22.35%	-24.54%
ROIC Less NNEP Spread (ROIC-NNEP)	3.37%	3.38%	4.48%	3.59%	5.46%	-8.98%	5.31%	3.59%	12.60%	8.58%	7.98%
Return on Net Nonoperating Assets (RNNOA)	7.63%	23.43%	63.94%	24.42%	25.43%	-51.79%	45.25%	11.45%	23.32%	17.15%	18.58%
Return on Equity (ROE)	16.18%	30.10%	71.65%	31.32%	30.87%	-52.19%	54.72%	16.74%	39.41%	-5.20%	-5.97%
Cash Return on Invested Capital (CROIC)	39.39%	-35.80%	13.38%	-3.86%	10.80%	2.69%	21.89%	5.52%	5.53%	-27.61%	-19.35%
Operating Return on Assets (OROA)	5.82%	5.32%	6.12%	4.93%	4.74%	-0.29%	6.28%	5.17%	10.47%	3.01%	3.21%
Return on Assets (ROA)	2.36%	1.83%	2.48%	2.14%	2.90%	-3.96%	2.86%	1.94%	7.01%	-0.91%	-0.96%
Return on Common Equity (ROCE)	14.38%	23.65%	47.43%	25.78%	26.93%	-44.66%	43.32%	15.02%	36.71%	-4.81%	-5.44%
Return on Equity Simple (ROE_SIMPLE)	29.36%	92.40%	90.55%	25.00%	35.88%	-81.80%	88.89%	23.89%	44.25%	-5.28%	-8.16%
Net Operating Profit after Tax (NOPAT)	331	277	378	347	281	-20	435	228	730	-1,096	-1,204
NOPAT Margin	4.88%	4.51%	5.64%	5.06%	4.09%	-0.29%	7.13%	3.58%	10.64%	-15.43%	-18.44%
Net Nonoperating Expense Percent (NNEP)	5.18%	3.29%	3.23%	3.31%	-0.02%	8.58%	4.15%	1.70%	3.49%	-30.93%	-32.52%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	11.69%	-16.38%	-19.50%
Cost of Revenue to Revenue	81.53%	81.97%	80.45%	80.59%	81.34%	81.95%	84.04%	82.84%	82.31%	78.94%	84.00%
SG&A Expenses to Revenue	7.71%	7.73%	7.51%	7.05%	7.02%	6.56%	6.62%	6.81%	7.23%	7.60%	6.81%
R&D to Revenue	0.93%	1.04%	0.97%	0.87%	1.02%	1.02%	1.23%	1.29%	1.15%	1.29%	1.22%
Operating Expenses to Revenue	11.50%	10.58%	11.07%	12.62%	11.95%	18.47%	6.42%	9.96%	4.03%	8.90%	8.04%
Earnings before Interest and Taxes (EBIT)	473	459	568	466	461	-28	581	458	937	282	294
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	921	883	1,059	967	968	481	1,063	921	1,402	776	790
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.67	16.06	10.90	4.38	3.41	3.96	6.30	1.22	1.81	1.58	1.55
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.64	0.45	0.41	0.52	0.39	0.28	0.31	0.30	0.37	0.36	0.26
Price to Earnings (P/E)	26.60	20.34	13.24	19.68	10.43	0.00	7.51	12.66	4.40	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	1.68%	1.68%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.76%	4.92%	7.55%	5.08%	9.58%	0.00%	13.31%	7.90%	22.72%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.13	1.51	1.53	1.49	1.38	1.28	1.37	1.27	1.24	1.18	1.13
Enterprise Value to Revenue (EV/Rev)	1.03	1.24	1.09	1.15	1.01	0.94	0.97	0.86	0.86	0.84	0.82
Enterprise Value to EBITDA (EV/EBITDA)	7.58	8.63	6.87	8.20	7.16	13.01	5.53	5.92	4.23	7.68	6.81
Enterprise Value to EBIT (EV/EBIT)	14.77	16.60	12.82	17.01	15.02	0.00	10.12	11.90	6.33	21.13	18.29
Enterprise Value to NOPAT (EV/NOPAT)	21.09	27.46	19.25	22.82	24.63	0.00	13.53	23.95	8.12	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.35	12.53	9.69	10.99	8.76	15.46	12.87	7.93	38.50	7.29	10.99
Enterprise Value to Free Cash Flow (EV/FCFF)	4.58	0.00	11.09	0.00	12.41	46.93	5.85	22.94	23.64	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.47	19.97	14.68	5.70	5.93	9.86	12.82	2.92	3.09	2.84	4.12
Long-Term Debt to Equity	3.84	19.16	14.14	5.52	5.76	9.64	12.33	2.87	2.86	2.69	3.78
Financial Leverage	2.26	6.92	14.28	6.81	4.66	5.77	8.52	3.19	1.85	2.00	2.33
Leverage Ratio	6.85	16.44	28.90	14.64	10.65	13.19	19.16	8.62	5.62	5.72	6.21
Compound Leverage Factor	4.45	9.60	18.12	8.64	6.40	122.94	11.64	6.25	4.83	1.36	0.80
Debt to Total Capital	81.71%	95.23%	93.62%	85.07%	85.58%	90.79%	92.77%	74.47%	75.53%	73.93%	80.48%
Short-Term Debt to Total Capital	11.58%	3.90%	3.43%	2.61%	2.56%	2.03%	3.55%	1.11%	5.53%	3.71%	6.74%
Long-Term Debt to Total Capital	70.14%	91.34%	90.20%	82.46%	83.02%	88.76%	89.21%	73.36%	70.00%	70.22%	73.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.78%	1.85%	1.92%	1.92%	1.83%	1.58%	1.88%	1.65%	1.78%	2.02%	2.04%
Common Equity to Total Capital	15.51%	2.92%	4.46%	13.01%	12.59%	7.63%	5.36%	23.88%	22.69%	24.05%	17.48%
Debt to EBITDA	3.74	6.31	5.03	5.46	5.52	11.56	4.84	5.24	3.36	6.37	6.29
Net Debt to EBITDA	2.72	5.40	4.16	4.41	4.27	8.97	3.67	3.75	2.32	4.24	4.52
Long-Term Debt to EBITDA	3.21	6.05	4.85	5.30	5.35	11.30	4.65	5.16	3.12	6.05	5.76
Debt to NOPAT	10.40	20.09	14.09	15.21	18.99	-283.62	11.83	21.20	6.46	-4.51	-4.13
Net Debt to NOPAT	7.57	17.17	11.64	12.28	14.69	-220.10	8.99	15.19	4.45	-3.00	-2.97
Long-Term Debt to NOPAT	8.93	19.26	13.57	14.74	18.42	-277.30	11.38	20.88	5.99	-4.29	-3.78
Altman Z-Score	1.36	0.98	1.14	1.13	1.12	0.86	1.11	1.17	1.47	1.20	1.16
Noncontrolling Interest Sharing Ratio	11.12%	21.43%	33.80%	17.67%	12.75%	14.41%	20.83%	10.27%	6.85%	7.52%	8.85%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.10	1.09	1.06	1.07	1.25	1.21	1.36	1.10	1.23	1.15
Quick Ratio	0.46	0.45	0.52	0.51	0.48	0.59	0.62	0.77	0.65	0.68	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,526	-1,490	656	-195	558	133	1,006	238	251	-1,354	-949
Operating Cash Flow to CapEx	192.86%	151.62%	203.52%	168.85%	150.67%	176.86%	151.83%	248.91%	34.92%	120.83%	83.16%
Free Cash Flow to Firm to Interest Expense	6.64	-5.93	2.41	-0.73	2.14	0.43	3.79	1.10	1.05	-3.96	-2.83
Operating Cash Flow to Interest Expense	2.93	2.42	2.76	2.69	3.03	1.30	1.72	3.18	0.64	2.39	1.46
Operating Cash Flow Less CapEx to Interest Expense	1.41	0.82	1.40	1.10	1.02	0.57	0.59	1.90	-1.20	0.41	-0.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.71	0.72	0.73	0.71	0.69	0.66	0.72	0.77	0.76	0.71
Accounts Receivable Turnover	9.09	11.07	11.74	11.05	11.35	11.44	9.79	9.67	9.44	9.93	10.51
Inventory Turnover	5.14	4.94	5.42	5.48	5.45	5.32	5.43	6.36	6.78	5.85	5.39
Fixed Asset Turnover	2.67	2.28	2.29	2.29	2.21	2.10	1.97	2.22	2.37	2.18	1.91
Accounts Payable Turnover	4.85	4.30	4.59	4.50	4.23	4.22	4.26	4.51	4.40	4.02	4.25
Days Sales Outstanding (DSO)	40.16	32.97	31.10	33.02	32.16	31.91	37.27	37.75	38.65	36.76	34.73
Days Inventory Outstanding (DIO)	71.01	73.85	67.35	66.56	67.01	68.67	67.24	57.43	53.82	62.44	67.66
Days Payable Outstanding (DPO)	75.26	84.96	79.44	81.06	86.29	86.44	85.63	80.96	82.95	90.84	85.79
Cash Conversion Cycle (CCC)	35.91	21.86	19.01	18.52	12.88	14.14	18.88	14.22	9.51	8.35	16.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,277	5,044	4,766	5,308	5,031	4,878	4,307	4,297	4,776	5,034	4,779
Invested Capital Turnover	1.75	1.48	1.37	1.36	1.33	1.35	1.33	1.48	1.51	1.45	1.33
Increase / (Decrease) in Invested Capital	-1,195	1,767	-278	542	-277	-153	-571	-10	479	258	-255
Enterprise Value (EV)	6,985	7,619	7,280	7,927	6,926	6,260	5,880	5,451	5,930	5,959	5,376
Market Capitalization	4,362	2,746	2,768	3,542	2,681	1,849	1,870	1,887	2,571	2,534	1,676
Book Value per Share	$3.97	$1.06	$1.57	$4.96	$4.95	$3.00	$1.89	$9.86	$9.13	$10.40	$6.98
Tangible Book Value per Share	($7.51)	($18.12)	($16.47)	($13.63)	($13.40)	($11.81)	($12.59)	($3.69)	($4.24)	($0.76)	($2.85)
Total Capital	4,216	5,852	5,691	6,210	6,241	6,123	5,543	6,479	6,244	6,690	6,174
Total Debt	3,445	5,573	5,328	5,283	5,341	5,559	5,142	4,825	4,716	4,946	4,969
Total Long-Term Debt	2,957	5,345	5,133	5,121	5,181	5,435	4,945	4,753	4,371	4,698	4,553
Net Debt	2,506	4,765	4,403	4,266	4,131	4,314	3,906	3,457	3,248	3,290	3,574
Capital Expenditures (CapEx)	350	401	369	427	525	229	301	276	441	677	588
Debt-free, Cash-free Net Working Capital (DFCFNWC)	19	41	-103	-190	-202	66	33	20	-182	-127	0.00
Debt-free Net Working Capital (DFNWC)	531	440	389	302	310	617	596	745	591	786	734
Net Working Capital (NWC)	43	212	194	140	150	493	399	673	246	538	318
Net Nonoperating Expense (NNE)	139	119	148	145	-0.74	362	171	56	103	-1,011	-1,116
Net Nonoperating Obligations (NNO)	2,506	4,765	4,403	4,381	4,131	4,314	3,906	2,643	3,248	3,290	3,574
Total Depreciation and Amortization (D&A)	448	424	491	501	507	509	482	463	465	494	496
Debt-free, Cash-free Net Working Capital to Revenue	0.28%	0.67%	-1.54%	-2.77%	-2.94%	0.99%	0.54%	0.31%	-2.65%	-1.79%	0.00%
Debt-free Net Working Capital to Revenue	7.83%	7.15%	5.80%	4.40%	4.51%	9.22%	9.78%	11.72%	8.62%	11.06%	11.24%
Net Working Capital to Revenue	0.63%	3.44%	2.89%	2.04%	2.18%	7.37%	6.55%	10.59%	3.59%	7.57%	4.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.46	($0.47)	$1.29	$1.11	$1.61	($2.58)	$1.59	$0.95	$3.76	($0.67)	($0.69)
Adjusted Weighted Average Basic Shares Outstanding	164.22M	161.17M	162.35M	163.11M	153.62M	155.91M	157.44M	155.62M	154.36M	153.67M	154.55M
Adjusted Diluted Earnings per Share	$0.45	($0.47)	$1.28	$1.10	$1.59	($2.58)	$1.57	$0.93	$3.67	($0.67)	($0.69)
Adjusted Weighted Average Diluted Shares Outstanding	164.22M	161.17M	162.35M	163.11M	153.62M	155.91M	157.44M	155.62M	154.36M	153.67M	154.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	164.22M	160.98M	162.35M	163.11M	153.62M	155.91M	157.44M	155.62M	154.36M	153.67M	154.07M
Normalized Net Operating Profit after Tax (NOPAT)	331	277	378	347	281	-20	435	321	730	605	364
Normalized NOPAT Margin	4.88%	4.51%	5.64%	5.06%	4.09%	-0.29%	7.13%	5.04%	10.64%	8.51%	5.57%
Pre Tax Income Margin	4.53%	4.35%	5.31%	4.00%	4.03%	-3.90%	5.80%	5.22%	11.74%	0.94%	0.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.06	1.83	2.09	1.74	1.77	-0.09	2.19	2.12	3.92	0.82	0.88
NOPAT to Interest Expense	1.44	1.11	1.39	1.30	1.08	-0.06	1.64	1.05	3.05	-3.21	-3.59
EBIT Less CapEx to Interest Expense	0.53	0.23	0.73	0.15	-0.25	-0.83	1.06	0.84	2.08	-1.16	-0.88
NOPAT Less CapEx to Interest Expense	-0.08	-0.49	0.03	-0.30	-0.93	-0.80	0.50	-0.22	1.21	-5.18	-5.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.27%	13.92%	6.96%	8.42%	7.80%	-12.57%	7.58%	9.30%	4.31%	-7.06%	-19.32%
Augmented Payout Ratio	35.94%	77.22%	6.96%	10.89%	65.60%	-22.51%	7.58%	32.56%	10.69%	-54.12%	-64.77%

This table displays calculated financial ratios and metrics derived from O-I Glass' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.22%	6.61%	8.22%	6.30%	2.95%	-3.07%	-13.00%	-8.52%	-3.67%	-6.76%
EBITDA Growth	59.41%	-46.09%	29.48%	-21.46%	-42.82%	238.71%	-30.75%	-21.86%	-44.53%	-6.19%
EBIT Growth	105.84%	-47.22%	44.60%	-30.86%	-62.15%	240.35%	-44.81%	-33.47%	-91.67%	-7.73%
NOPAT Growth	163.08%	-62.56%	56.72%	-35.00%	-69.42%	393.51%	-53.90%	-45.95%	-91.46%	-7.73%
Net Income Growth	158.24%	-71.43%	72.13%	-55.86%	-76.17%	-3,414.29%	-63.81%	-45.13%	-235.71%	67.67%
EPS Growth	173.58%	-72.41%	134.55%	-56.60%	-77.93%	-3,812.50%	-65.12%	-47.83%	-262.50%	67.00%
Operating Cash Flow Growth	-209.90%	63.64%	-164.38%	50.78%	198.55%	0.79%	-39.90%	-14.09%	-43.66%	-16.54%
Free Cash Flow Firm Growth	-251.62%	-640.70%	-165.23%	-628.02%	-54.41%	72.93%	87.86%	134.78%	143.88%	411.21%
Invested Capital Growth	13.64%	11.15%	17.13%	25.91%	12.55%	5.40%	3.09%	-4.70%	-4.20%	-5.07%
Revenue Q/Q Growth	-4.78%	0.00%	8.15%	3.22%	-7.78%	-5.85%	-2.93%	8.54%	-2.89%	-8.87%
EBITDA Q/Q Growth	-7.30%	-85.65%	587.10%	-14.08%	-32.51%	-14.98%	179.30%	-3.05%	-52.10%	43.80%
EBIT Q/Q Growth	-9.43%	-82.02%	440.35%	-21.43%	-50.41%	61.67%	143.81%	-5.29%	-93.79%	1,690.00%
NOPAT Q/Q Growth	-1.90%	-89.73%	770.57%	-25.87%	-53.85%	65.71%	140.66%	-13.08%	-92.71%	1,690.00%
Net Income Q/Q Growth	-8.20%	-94.04%	1,400.00%	-46.19%	-50.44%	-928.57%	116.38%	-18.42%	-222.58%	-97.37%
EPS Q/Q Growth	-8.81%	-94.48%	1,512.50%	-46.51%	-53.62%	-1,028.13%	115.15%	-20.00%	-244.44%	-88.46%
Operating Cash Flow Q/Q Growth	-278.24%	209.88%	-151.06%	250.78%	16.49%	12.39%	-170.87%	192.59%	-23.60%	66.49%
Free Cash Flow Firm Q/Q Growth	-283.67%	-13.71%	-46.95%	-72.05%	46.29%	80.07%	93.67%	592.70%	-32.24%	41.38%
Invested Capital Q/Q Growth	8.82%	-13.78%	29.27%	3.81%	-2.73%	-19.25%	10.18%	-4.04%	-2.23%	-19.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.20%	15.30%	26.43%	22.01%	20.88%	14.14%	19.96%	17.52%	12.81%	13.66%
EBITDA Margin	25.52%	3.66%	23.27%	19.37%	14.17%	12.80%	18.52%	16.54%	8.16%	12.88%
Operating Margin	18.72%	3.37%	16.82%	12.80%	6.88%	11.82%	10.67%	9.31%	0.60%	11.70%
EBIT Margin	18.72%	3.37%	16.82%	12.80%	6.88%	11.82%	10.67%	9.31%	0.60%	11.70%
Profit (Net Income) Margin	13.88%	0.83%	11.47%	5.98%	3.21%	-28.28%	4.77%	3.59%	-4.53%	-9.80%
Tax Burden Percent	84.53%	48.28%	77.78%	73.38%	68.29%	105.69%	64.96%	59.62%	133.33%	119.05%
Interest Burden Percent	87.70%	50.88%	87.66%	63.64%	68.33%	-226.29%	68.82%	64.60%	-570.00%	-70.39%
Effective Tax Rate	15.47%	51.72%	22.22%	26.62%	31.71%	0.00%	35.04%	40.38%	0.00%	0.00%
Return on Invested Capital (ROIC)	20.52%	2.46%	15.99%	11.61%	5.72%	11.99%	7.59%	5.95%	0.45%	10.90%
ROIC Less NNEP Spread (ROIC-NNEP)	19.74%	2.00%	15.29%	10.02%	5.08%	-6.36%	6.81%	5.17%	-1.47%	2.88%
Return on Net Nonoperating Assets (RNNOA)	81.96%	3.70%	43.27%	23.85%	11.71%	-12.71%	16.19%	11.98%	-3.53%	6.70%
Return on Equity (ROE)	102.48%	6.15%	59.26%	35.46%	17.43%	-0.72%	23.79%	17.93%	-3.08%	17.60%
Cash Return on Invested Capital (CROIC)	2.04%	5.53%	-1.53%	-10.37%	-2.73%	-27.61%	-1.44%	5.51%	3.75%	-19.35%
Operating Return on Assets (OROA)	14.52%	2.58%	12.86%	9.69%	5.36%	8.97%	7.78%	6.49%	0.41%	8.34%
Return on Assets (ROA)	10.76%	0.63%	8.77%	4.52%	2.50%	-21.45%	3.48%	2.50%	-3.15%	-6.99%
Return on Common Equity (ROCE)	102.48%	5.73%	59.26%	35.46%	17.43%	-0.67%	23.79%	17.93%	-3.08%	16.05%
Return on Equity Simple (ROE_SIMPLE)	45.62%	0.00%	37.89%	26.69%	18.60%	0.00%	-11.99%	-16.55%	-27.14%	0.00%
Net Operating Profit after Tax (NOPAT)	268	28	240	178	82	136	110	96	7.00	125
NOPAT Margin	15.83%	1.63%	13.08%	9.40%	4.70%	8.28%	6.93%	5.55%	0.42%	8.19%
Net Nonoperating Expense Percent (NNEP)	0.79%	0.46%	0.70%	1.59%	0.63%	18.35%	0.78%	0.78%	1.93%	8.02%
Return On Investment Capital (ROIC_SIMPLE)	-	0.44%	-	-	-	2.03%	-	-	-	2.03%
Cost of Revenue to Revenue	80.80%	84.70%	73.57%	77.99%	79.12%	85.86%	80.04%	82.48%	87.19%	86.34%
SG&A Expenses to Revenue	7.56%	7.44%	8.03%	7.57%	7.69%	7.07%	7.72%	6.36%	6.13%	7.12%
R&D to Revenue	0.83%	1.30%	1.04%	1.16%	1.38%	1.65%	1.32%	1.16%	1.19%	1.24%
Operating Expenses to Revenue	0.47%	11.93%	9.61%	9.21%	14.00%	2.32%	9.29%	8.21%	12.21%	1.96%
Earnings before Interest and Taxes (EBIT)	317	57	308	242	120	194	170	161	10	179
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	432	62	426	366	247	210	295	286	137	197
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.39	1.81	1.86	1.55	1.23	1.58	1.41	1.06	1.38	1.55
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	21.75	173.32	0.00	0.00
Price to Revenue (P/Rev)	0.30	0.37	0.50	0.47	0.36	0.36	0.37	0.26	0.31	0.26
Price to Earnings (P/E)	3.28	4.40	4.99	5.91	6.83	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	30.45%	22.72%	20.03%	16.91%	14.65%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.24	1.26	1.18	1.08	1.18	1.12	1.02	1.09	1.13
Enterprise Value to Revenue (EV/Rev)	0.90	0.86	1.11	1.07	0.94	0.84	1.03	0.93	0.98	0.82
Enterprise Value to EBITDA (EV/EBITDA)	4.55	4.23	5.62	5.89	6.10	7.68	13.26	13.62	18.87	6.81
Enterprise Value to EBIT (EV/EBIT)	6.18	6.33	7.55	8.20	9.24	21.13	49.35	98.57	0.00	18.29
Enterprise Value to NOPAT (EV/NOPAT)	7.91	8.12	9.56	10.48	12.57	0.00	70.50	140.82	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	872.08	38.50	229.19	57.41	8.24	7.29	9.59	8.87	11.83	10.99
Enterprise Value to Free Cash Flow (EV/FCFF)	57.43	23.64	0.00	0.00	0.00	0.00	0.00	18.00	28.50	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.18	3.09	2.53	2.34	2.33	2.84	2.70	3.16	3.54	4.12
Long-Term Debt to Equity	2.95	2.86	2.34	2.23	2.25	2.69	2.26	2.85	3.18	3.78
Financial Leverage	4.15	1.85	2.83	2.38	2.30	2.00	2.38	2.32	2.40	2.33
Leverage Ratio	8.61	5.62	6.12	5.52	5.16	5.72	5.07	5.10	5.32	6.21
Compound Leverage Factor	7.55	2.86	5.37	3.51	3.52	-12.95	3.49	3.29	-30.30	-4.37
Debt to Total Capital	76.06%	75.53%	71.64%	70.08%	69.93%	73.93%	72.99%	75.94%	77.98%	80.48%
Short-Term Debt to Total Capital	5.46%	5.53%	5.18%	3.38%	2.26%	3.71%	12.06%	7.38%	7.98%	6.74%
Long-Term Debt to Total Capital	70.60%	70.00%	66.46%	66.70%	67.66%	70.22%	60.93%	68.56%	70.00%	73.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	1.78%	0.00%	0.00%	0.00%	2.02%	0.00%	0.00%	0.00%	2.04%
Common Equity to Total Capital	23.94%	22.69%	28.36%	29.92%	30.07%	24.05%	27.01%	24.06%	22.02%	17.48%
Debt to EBITDA	3.44	3.36	3.44	3.90	4.46	6.37	9.21	11.29	15.16	6.29
Net Debt to EBITDA	3.05	2.32	3.09	3.32	3.74	4.24	8.47	9.82	12.98	4.52
Long-Term Debt to EBITDA	3.19	3.12	3.19	3.72	4.32	6.05	7.68	10.19	13.61	5.76
Debt to NOPAT	5.98	6.46	5.85	6.94	9.20	-4.51	48.95	116.73	-159.45	-4.13
Net Debt to NOPAT	5.30	4.45	5.26	5.90	7.72	-3.00	45.03	101.52	-136.50	-2.97
Long-Term Debt to NOPAT	5.55	5.99	5.42	6.61	8.90	-4.29	40.86	105.40	-143.13	-3.78
Altman Z-Score	1.12	1.15	1.19	1.16	1.08	1.17	1.00	0.99	0.94	1.11
Noncontrolling Interest Sharing Ratio	0.00%	6.85%	0.00%	0.00%	0.00%	7.52%	0.00%	0.00%	0.00%	8.85%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.16	1.10	1.22	1.42	1.40	1.23	1.02	1.26	1.23	1.15
Quick Ratio	0.68	0.65	0.66	0.82	0.75	0.68	0.46	0.62	0.68	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-397	-451	-663	-1,141	-613	-122	-81	397	269	380
Operating Cash Flow to CapEx	-234.01%	197.91%	-203.16%	168.21%	179.37%	170.85%	-126.76%	156.25%	155.28%	324.49%
Free Cash Flow to Firm to Interest Expense	-6.30	-7.05	-9.76	-9.67	-7.86	-1.57	-1.03	4.56	3.09	4.58
Operating Cash Flow to Interest Expense	-5.46	5.91	-2.84	2.47	4.35	4.88	-3.46	2.87	2.20	3.83
Operating Cash Flow Less CapEx to Interest Expense	-7.79	2.92	-4.24	1.00	1.92	2.03	-6.19	1.03	0.78	2.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.77	0.76	0.76	0.78	0.76	0.73	0.70	0.70	0.71
Accounts Receivable Turnover	8.01	9.44	7.37	7.32	8.63	9.93	7.64	7.85	8.52	10.51
Inventory Turnover	6.95	6.78	6.04	6.21	5.96	5.85	4.97	5.01	5.19	5.39
Fixed Asset Turnover	2.46	2.37	2.37	2.37	2.40	2.18	2.08	2.00	1.97	1.91
Accounts Payable Turnover	4.98	4.40	4.53	4.48	4.65	4.02	4.48	4.49	4.76	4.25
Days Sales Outstanding (DSO)	45.55	38.65	49.49	49.84	42.28	36.76	47.78	46.51	42.86	34.73
Days Inventory Outstanding (DIO)	52.54	53.82	60.46	58.81	61.22	62.44	73.47	72.81	70.33	67.66
Days Payable Outstanding (DPO)	73.32	82.95	80.56	81.46	78.42	90.84	81.54	81.36	76.68	85.79
Cash Conversion Cycle (CCC)	24.77	9.51	29.39	27.19	25.08	8.35	39.71	37.96	36.51	16.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,539	4,776	6,174	6,409	6,234	5,034	6,365	6,108	5,972	4,779
Invested Capital Turnover	1.30	1.51	1.22	1.24	1.22	1.45	1.10	1.07	1.09	1.33
Increase / (Decrease) in Invested Capital	665	479	903	1,319	695	258	191	-301	-262	-255
Enterprise Value (EV)	6,105	5,930	7,792	7,578	6,715	5,959	7,106	6,210	6,529	5,376
Market Capitalization	2,017	2,571	3,505	3,312	2,594	2,534	2,567	1,733	2,038	1,676
Book Value per Share	$9.32	$9.13	$12.22	$13.80	$13.63	$10.40	$11.84	$10.47	$9.53	$6.98
Tangible Book Value per Share	($3.49)	($4.24)	($1.60)	($0.17)	($0.03)	($0.76)	$0.76	$0.06	($0.88)	($2.85)
Total Capital	6,062	6,244	6,654	7,163	7,026	6,690	6,760	6,779	6,727	6,174
Total Debt	4,611	4,716	4,767	5,020	4,913	4,946	4,934	5,148	5,246	4,969
Total Long-Term Debt	4,280	4,371	4,422	4,778	4,754	4,698	4,119	4,648	4,709	4,553
Net Debt	4,088	3,248	4,287	4,266	4,121	3,290	4,539	4,477	4,491	3,574
Capital Expenditures (CapEx)	147	191	95	173	189	223	213	160	123	98
Debt-free, Cash-free Net Working Capital (DFCFNWC)	142	-182	362	392	196	-127	478	414	312	0.00
Debt-free Net Working Capital (DFNWC)	665	591	842	1,146	988	786	873	1,085	1,067	734
Net Working Capital (NWC)	334	246	497	904	829	538	58	585	530	318
Net Nonoperating Expense (NNE)	33	14	30	65	26	600	34	34	83	275
Net Nonoperating Obligations (NNO)	4,088	3,248	4,287	4,266	4,121	3,290	4,539	4,477	4,491	3,574
Total Depreciation and Amortization (D&A)	115	5.00	118	124	127	16	125	125	127	18
Debt-free, Cash-free Net Working Capital to Revenue	2.10%	-2.65%	5.18%	5.52%	2.74%	-1.79%	6.96%	6.17%	4.70%	0.00%
Debt-free Net Working Capital to Revenue	9.85%	8.62%	12.04%	16.12%	13.80%	11.06%	12.71%	16.18%	16.06%	11.24%
Net Working Capital to Revenue	4.95%	3.59%	7.11%	12.72%	11.58%	7.57%	0.84%	8.72%	7.98%	4.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.49	$0.09	$1.33	$0.71	$0.33	($3.04)	$0.46	$0.37	($0.52)	($1.00)
Adjusted Weighted Average Basic Shares Outstanding	155.12M	155.31M	154.70M	154.99M	154.70M	154.65M	154.27M	155.28M	154.62M	154.55M
Adjusted Diluted Earnings per Share	$1.45	$0.08	$1.29	$0.69	$0.32	($2.97)	$0.45	$0.36	($0.52)	($0.98)
Adjusted Weighted Average Diluted Shares Outstanding	158.94M	158.99M	159.09M	159.33M	159.29M	154.65M	158.47M	157.38M	154.62M	154.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	155.14M	154.36M	155.27M	155.06M	154.73M	153.67M	155.72M	155.36M	154.65M	154.07M
Normalized Net Operating Profit after Tax (NOPAT)	268	40	240	178	82	136	110	96	7.00	125
Normalized NOPAT Margin	15.83%	2.36%	13.08%	9.40%	4.70%	8.28%	6.93%	5.55%	0.42%	8.19%
Pre Tax Income Margin	16.42%	1.71%	14.75%	8.15%	4.70%	-26.75%	7.34%	6.02%	-3.39%	-8.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.03	0.89	4.53	2.05	1.54	2.49	2.18	1.85	0.11	2.16
NOPAT to Interest Expense	4.25	0.43	3.52	1.50	1.05	1.74	1.42	1.10	0.08	1.51
EBIT Less CapEx to Interest Expense	2.70	-2.09	3.13	0.58	-0.88	-0.37	-0.55	0.01	-1.30	0.98
NOPAT Less CapEx to Interest Expense	1.92	-2.55	2.13	0.04	-1.37	-1.12	-1.32	-0.74	-1.33	0.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.98%	4.31%	0.00%	0.70%	0.76%	-7.06%	0.00%	-4.44%	-2.99%	-19.32%
Augmented Payout Ratio	11.03%	10.69%	5.59%	7.69%	10.94%	-54.12%	-18.26%	-19.26%	-12.94%	-64.77%

Frequently Asked Questions About O-I Glass' Financials

When does O-I Glass's fiscal year end?

According to the most recent income statement we have on file, O-I Glass' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has O-I Glass' net income changed over the last 10 years?

O-I Glass' net income appears to be on a downward trend, with a most recent value of -$88 million in 2024, falling from $192 million in 2014. The previous period was -$85 million in 2023.

What is O-I Glass's operating income?

O-I Glass's total operating income in 2024 was $520 million, based on the following breakdown:

Total Gross Profit: $1.05 billion
Total Operating Expenses: $525 million

How has O-I Glass revenue changed over the last 10 years?

Over the last 10 years, O-I Glass' total revenue changed from $6.78 billion in 2014 to $6.53 billion in 2024, a change of -3.7%.

How much debt does O-I Glass have?

O-I Glass' total liabilities were at $7.45 billion at the end of 2024, a 6.0% decrease from 2023, and a 5.3% increase since 2014.

How much cash does O-I Glass have?

In the past 10 years, O-I Glass' cash and equivalents has ranged from $399 million in 2015 to $913 million in 2023, and is currently $734 million as of their latest financial filing in 2024.

How has O-I Glass' book value per share changed over the last 10 years?

Over the last 10 years, O-I Glass' book value per share changed from 3.97 in 2014 to 6.98 in 2024, a change of 75.9%.

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This page (NYSE:OI) was last updated on 4/15/2025 by MarketBeat.com Staff

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O-I Glass (OI) Financials

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