BALL Corp

BALL 10-Q · Q2 2025

BALL Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue From Contract With Customer Including Assessed Tax 3,338 2,959 +12.8%
Show Business Segments breakouts
Beverage packaging, EMEA · Operating Segments 1,050 880 +19.3%
Beverage packaging, North And Central America · Operating Segments 1,613 1,469 +9.8%
Beverage packaging, South America · Operating Segments 477 422 +13.0%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Commodity Contract 17 -19 +189.5%
Show Consolidation Items breakouts
Operating Segments 3,140 2,771 +13.3%
Other 198 188 +5.3%
Show Timing Of Transfer Of Good Or Service breakouts
Transferred At Point In Time 568 627 -9.4%
Transferred Over Time 2,770 2,332 +18.8%
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization -2,690 -2,357 -14.1%
Depreciation And Amortization -155 -152 -2.0%
Selling, General & Administrative -137 -139 +1.4%
Restructuring And Other Activities -12 -60 +80.0%
Show Disposal Group Classification breakouts
Disposal Group Heldforsale Not Discontinued Operations · Aluminum cups business -12 -60 +80.0%
Interest Income Operating 5 18 -72.2%
Interest Expense Debt -81 -68 -19.1%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 268 200 +34.0%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -54 4 -1450.0%
Income Tax Expense (Benefit) -61 -49 -24.5%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 14 -1 +1500.0%
Income Loss From Equity Method Investments 8 8 0.0%
Income Loss From Continuing Operations 215 159 +35.2%
Net Income 215 159 +35.2%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -40 3 -1433.3%
Noncontrolling Interest 3 1 +200.0%
Retained Earnings 212 158 +34.2%
Net Income Loss Attributable To Noncontrolling Interest 3 1 +200.0%
Net Income Loss Available To Common Stockholders Basic 212 158 +34.2%
Income Loss From Continuing Operations Per Basic Share 0.77 0.51 +51.0%
EPS (Basic) 0.77 0.51 +51.0%
Income Loss From Continuing Operations Per Diluted Share 0.76 0.51 +49.0%
EPS (Diluted) 0.76 0.51 +49.0%
Wtd Avg Shares (Basic) 276,102 309,269 -10.7%
Wtd Avg Shares (Diluted) 277,771 311,964 -11.0%
Interest Expense (Q)
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Interest Rate Swap 3 3 0.0%
Comprehensive Income 199 130 +53.1%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 296 1,346 -78.0%
Receivables Net Current 2,897 2,711 +6.9%
Inventory 1,732 1,426 +21.5%
Other Assets Current 216 229 -5.7%
Assets Held For Sale Not Part Of Disposal Group Current Other 111 40 +177.5%
Total Current Assets 5,252 5,752 -8.7%
Accounts Receivable 2,350 2,193 +7.2%
Non-Current Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 6,555 6,547 +0.1%
Goodwill 4,381 4,190 +4.6%
Show Business Segments breakouts
Beverage packaging, EMEA 1,461 1,332 +9.7%
Beverage packaging, North And Central America 1,277 1,277 0.0%
Beverage packaging, South America 1,300 1,300 0.0%
Show Consolidation Items breakouts
Other 343 281 +22.1%
Intangible Assets Net Excluding Goodwill 1,056 1,159 -8.9%
Show Finite Lived Intangible Assets By Major Class breakouts
Computer Software Intangible Asset 26 35 -25.7%
Customer Related Intangible Assets 1,008 1,114 -9.5%
Other Intangible Assets 22 10 +120.0%
Other Non-Current Assets 1,364 1,313 +3.9%
Total Assets 18,608 18,961 -1.9%
Operating Lease Right-of-Use Assets 336 328 +2.4%
Deferred Tax Assets 69 72 -4.2%
Current Liabilities
Debt Current 548
Accounts Payable 3,523 3,174 +11.0%
Employee Related Liabilities Current 247 266 -7.1%
Other Liabilities Current 916 1,173 -21.9%
Current Liabilities Held For Sale 25
Total Current Liabilities 5,259 4,889 +7.6%
Deferred Revenue (Current) 59 76 -22.4%
Current Portion of Long-Term Debt 447
Non-Current Liabilities
Long Term Debt And Capital Lease Obligations 6,479 5,517 +17.4%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 557 624 -10.7%
Deferred Tax Liabilities 560 590 -5.1%
Other Non-Current Liabilities 476 358 +33.0%
Total Liabilities 13,331 11,978 +11.3%
Operating Lease Liabilities 268 257 +4.3%
Contract With Customer Liability Noncurrent 2 2 0.0%
Stockholders' Equity
Common Stock 1,414 1,370 +3.2%
Retained Earnings 11,806 11,481 +2.8%
Accumulated Other Comprehensive Income -955 -921 -3.7%
Treasury Stock Common Value -7,059 -5,017 -40.7%
Total Stockholders' Equity 5,206 6,913 -24.7%
Minority Interest 71
Show Disposal Group Classification breakouts
Disposal Group Held For Sale Or Disposed Of By Sale Not Discontinued Operations · Ball united arab can manufacturing company 64
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 5,277 6,983 -24.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -441
Accumulated Gain Loss Net Cash Flow Hedge Parent -13
Accumulated Other Comprehensive Income -955 -921 -3.7%
Accumulated Translation Adjustment -501
Accumulated Translation Adjustment · Net Investment Hedging 35
Common Stock 1,414 1,370 +3.2%
Noncontrolling Interest 71 70 +1.4%
Retained Earnings 11,806 11,481 +2.8%
Treasury Stock Common -7,059 -5,017 -40.7%
Total Liabilities & Equity 18,608 18,961 -1.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation And Amortization For Segment 305 319 -4.4%
Deferred Income Taxes -43 185 -123.2%
Disposal Group Not Discontinued Operation Gain Loss On Disposal 3 -4,695 +100.1%
Pension Expense Reversal Of Expense Noncash -15 -15 0.0%
Other Operating Activities Cash Flow Statement -164 23 -813.0%
Increase Decrease In Operating Capital -838 -743 -12.8%
Net Cash from Operations -333 -995 +66.5%
Investing Activities
Capital Expenditures -177 -260 +31.9%
Payments To Acquire Businesses Net Of Cash Acquired -158
Proceeds From Divestiture Of Businesses Net Of Cash Divested 4 5,422 -99.9%
Other Investing Activities -60 42 -242.9%
Net Cash from Investing -391 5,204 -107.5%
Financing Activities
Proceeds From Issuance Of Long Term Debt 2,930 450 +551.1%
Repayments Of Long Term Debt -1,624 -3,278 +50.5%
Proceeds From Repayments Of Short Term Debt -76 99 -176.8%
Share Repurchases -1,022 -665 -53.7%
Share Repurchases (Q)
Show Share Repurchase Program breakouts
Accelerated share repurchase agreement -250
Payments Of Dividends Common Stock -112 -125 +10.4%
Proceeds From Payments For Other Financing Activities -8 23 -134.8%
Net Cash from Financing 88 -3,496 +102.5%
Supplemental
Unpaid Capital Expenditures 104 139 -25.2%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 23 -75 +130.7%
Net Change in Cash -613 638 -196.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 318 1,348 -76.4%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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