0001104659-26-017410
SEC filingBall Corporation reported net sales of $13.16 billion for fiscal year 2025, with net earnings attributable to the company of $912 million. The company generated $1.26 billion in operating cash flow and ended the year with $1.21 billion in cash and cash equivalents. Key profitability metrics include earnings before taxes of $1.13 billion and equity in results of affiliates of $27 million. The balance sheet shows total assets of $19.52 billion, with significant components including property, plant and equipment ($6.66 billion), goodwill ($4.38 billion), and long-term debt ($6.99 billion). The company's equity position stands at $5.42 billion, with retained earnings of $12.22 billion partially offset by treasury stock of $7.35 billion. Basic earnings per share from continuing operations was $3.00, while discontinued operations contributed $12.00 per share, though net earnings reflect only continuing operations of $915 million.
Ball Corporation reported net sales of $13.16 billion for fiscal year 2025, with earnings before taxes of $1.13 billion. The company recorded tax provisions of $240 million, resulting in earnings from continuing operations of $915 million. Net earnings attributable to Ball Corporation totaled $912 million after accounting for $3 million attributable to noncontrolling interests. Basic earnings per share from continuing operations was $3.00, while discontinued operations contributed $12.00 per share, though the net earnings figure reflects only continuing operations. The company's weighted average basic shares outstanding were 274.3 million shares, with diluted shares at 276.0 million shares.
The filing provides consolidated financial data without segment breakdowns. Net sales of $13.16 billion represent the company's total revenue from continuing operations. Cost of sales (excluding depreciation and amortization) was $10.58 billion, with additional expenses including depreciation and amortization of $622 million and selling, general and administrative expenses of $566 million. Business consolidation and other activities resulted in a credit of $41 million. Interest expense totaled $314 million, partially offset by interest income of $30 million, with additional debt refinancing and other costs of $19 million.
Gross profit can be calculated as $2.58 billion (net sales of $13.16 billion minus cost of sales of $10.58 billion), resulting in a gross margin of 19.6%. Operating income is not explicitly stated but can be derived from the components: earnings before taxes of $1.13 billion plus net interest expense of $284 million (interest expense of $314 million minus interest income of $30 million) and debt refinancing costs of $19 million equals approximately $1.43 billion. The company's profitability was supported by equity in results of affiliates of $27 million net of tax.
Operating activities generated $1.26 billion in cash, driven by net earnings of $915 million adjusted for non-cash items including depreciation and amortization of $622 million. Investing activities used $656 million, primarily for capital expenditures of $474 million and business acquisitions net of cash acquired of $159 million. Financing activities used $344 million, with significant treasury stock acquisitions of $1.32 billion partially offset by net long-term borrowings of $1.38 billion. The balance sheet shows total assets of $19.52 billion, with current assets of $6.11 billion including cash and equivalents of $1.21 billion. Total liabilities of $14.10 billion include long-term debt of $6.99 billion, resulting in an equity position of $5.42 billion.
The filing does not contain forward-looking management guidance, strategic priorities, or specific risk factors in the provided content. The financial data presented reflects historical performance for fiscal year 2025 ending December 31, 2025, as reported in the 10-K filing dated February 19, 2026. Investors should refer to the complete filing for comprehensive disclosure of business operations, risk factors, and management discussion and analysis beyond the financial statements provided.