O-I Glass Inc. (OI) financial statements: income statement, balance sheet and cash flow
O-I Glass Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), O-I Glass Inc. reported revenue of $6.4B (-1.6% year on year) and net income of ($129.0M) (-21.7% year on year).
Income statement
O-I Glass Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$6.4B
$6.5B
$7.1B
$6.9B
Cost of goods sold
($5.3B)
($5.5B)
($5.6B)
($5.6B)
Gross profit
$1.1B
$1.0B
$1.5B
$1.2B
Selling and administrative expense
($434.0M)
($445.0M)
($540.0M)
($496.0M)
Research, development and engineering expense
($42.0M)
($80.0M)
($92.0M)
($79.0M)
Interest expense, net
($341.0M)
($335.0M)
($342.0M)
($239.0M)
Equity earnings
$119.0M
$79.0M
$127.0M
$107.0M
Other expense, net
($460.0M)
($226.0M)
($582.0M)
$299.0M
Earnings (loss) before income taxes
($49.0M)
$38.0M
—
—
Provision for income taxes
($54.0M)
($126.0M)
($152.0M)
($178.0M)
Net loss
($103.0M)
($88.0M)
($85.0M)
$627.0M
Net earnings attributable to noncontrolling interests
($26.0M)
($18.0M)
($18.0M)
($43.0M)
Net loss attributable to the Company
($129.0M)
($106.0M)
($103.0M)
$584.0M
Net loss attributable to the Company (in dollars per share)
-$0.84
-$0.69
-$0.67
$3.76
O-I Glass Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$1.7B
$1.5B
$1.7B
$1.7B
Cost of goods sold
($1.5B)
($1.3B)
($1.4B)
($1.4B)
Gross profit
$214.0M
$199.0M
$300.0M
$299.0M
Selling and administrative expense
($75.0M)
($99.0M)
($105.0M)
($106.0M)
Research, development and engineering expense
($9.0M)
($9.0M)
($8.0M)
($11.0M)
Interest expense, net
($86.0M)
($79.0M)
($91.0M)
($85.0M)
Equity earnings
$29.0M
$26.0M
$31.0M
$28.0M
Other expense, net (incl. goodwill impairment)
($900.0M)
($91.0M)
($69.0M)
($118.0M)
Earnings (loss) before income taxes
($827.0M)
($53.0M)
$58.0M
$7.0M
Provision for income taxes
($138.0M)
($18.0M)
($21.0M)
($6.0M)
Net earnings (loss)
($965.0M)
($71.0M)
$37.0M
$1.0M
Net earnings attributable to noncontrolling interests
($7.0M)
($2.0M)
($7.0M)
($6.0M)
Net loss attributable to the Company
($972.0M)
($73.0M)
$30.0M
($5.0M)
Weighted average shares outstanding (thousands) (in shares)
153.5M
152.7M
153.6M
154.0M
Net loss attributable to the Company (in dollars per share)
-$6.33
-$0.48
$0.19
-$0.03
Weighted average diluted shares outstanding (thousands) (in shares)
153.5M
152.7M
155.2M
154.0M
Balance sheet
O-I Glass Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$759.0M
$734.0M
$913.0M
$773.0M
Trade receivables, net of allowances of $31 million and $30 million at December 31, 2025 and 2024, respectively
$601.0M
$572.0M
$671.0M
$760.0M
Inventories
$1.0B
$963.0M
$1.1B
$848.0M
Prepaid expenses and other current assets
$239.0M
$209.0M
$229.0M
$222.0M
Total current assets
$2.6B
$2.5B
$2.9B
$2.6B
Equity investments
$735.0M
$661.0M
$743.0M
$695.0M
Pension assets
$128.0M
$92.0M
$66.0M
$60.0M
Other assets
$657.0M
$608.0M
$694.0M
$666.0M
Intangibles, net
$188.0M
$198.0M
$254.0M
$262.0M
Goodwill
$1.5B
$1.3B
$1.5B
$1.8B
Total other assets
$3.2B
$2.9B
$3.2B
$3.5B
Land, at cost
$227.0M
$208.0M
$234.0M
$217.0M
Buildings and building equipment
$1.4B
$1.1B
$1.2B
$1.1B
Factory machinery and equipment
$6.3B
$5.5B
$5.8B
$5.2B
Transportation, office and miscellaneous equipment
$92.0M
$73.0M
$74.0M
$71.0M
Construction in progress
$362.0M
$834.0M
$817.0M
$556.0M
Property, plant and equipment, at cost
$8.4B
$7.8B
$8.1B
$7.1B
Less accumulated depreciation
$4.9B
$4.5B
$4.5B
$4.1B
Net property, plant and equipment
$3.4B
$3.3B
$3.6B
$3.0B
Total assets
$9.2B
$8.7B
$9.7B
$9.1B
Accounts payable
$1.2B
$1.1B
$1.4B
$1.4B
Salaries and wages
$159.0M
$121.0M
$169.0M
$181.0M
U.S. and foreign income taxes
$41.0M
$49.0M
$90.0M
$77.0M
Restructuring
$131.0M
—
—
—
Other accrued liabilities
$395.0M
$432.0M
$402.0M
$399.0M
Short-term loans
$96.0M
$110.0M
$106.0M
$45.0M
Long-term debt due within one year
$66.0M
$306.0M
$142.0M
$300.0M
Total current liabilities
$2.1B
$2.2B
$2.3B
$2.4B
Long-term debt
$4.8B
$4.6B
$4.7B
$4.4B
Deferred taxes
$75.0M
$74.0M
$86.0M
$84.0M
Pension benefits
$202.0M
$193.0M
$248.0M
$225.0M
Nonpension postretirement benefits
$49.0M
$62.0M
$67.0M
$63.0M
Other liabilities
$546.0M
$407.0M
$480.0M
$433.0M
Common stock, par value $.01 per share, 250,000,000 shares authorized, 183,530,836 and 184,851,162 shares issued (including treasury shares), respectively
$2000000.00
$2000000.00
$2000000.00
$2000000.00
Capital in excess of par value
$3.0B
$3.1B
$3.1B
$3.1B
Treasury stock, at cost, 30,558,356 and 30,783,642 shares, respectively
-667.0M
-677.0M
-681.0M
-688.0M
Retained earnings
$548.0M
$676.0M
$782.0M
$885.0M
Accumulated other comprehensive loss
($1.6B)
($2.0B)
($1.6B)
($1.9B)
Total share owners' equity of the Company
$1.3B
$1.1B
$1.6B
$1.4B
Noncontrolling interests
$151.0M
$126.0M
$135.0M
$111.0M
Total share owners' equity
$1.4B
$1.2B
$1.7B
$1.5B
Total liabilities and share owners' equity
$9.2B
$8.7B
$9.7B
$9.1B
O-I Glass Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$339.0M
$317.0M
$556.0M
$487.0M
Trade receivables, net of allowance of $33 million, $31 million, and $31 million at June 30, 2026, December 31, 2025 and June 30, 2025
$883.0M
$805.0M
$891.0M
$848.0M
Inventories
$947.0M
$1.0B
$982.0M
$990.0M
Prepaid expenses and other current assets
$282.0M
$259.0M
$231.0M
$279.0M
Total current assets
$2.5B
$2.4B
$2.7B
$2.6B
Property, plant and equipment, net
$3.5B
$3.4B
$3.4B
$3.5B
Goodwill
$608.0M
$1.5B
$1.5B
$1.5B
Intangibles, net
$178.0M
$181.0M
$193.0M
$196.0M
Other assets
$1.4B
$1.5B
$1.5B
$1.5B
Total assets
$8.1B
$8.9B
$9.3B
$9.2B
Accounts payable
$1.1B
$1.1B
$1.1B
$1.1B
Short-term loans and long-term debt due within one year
$193.0M
$160.0M
$170.0M
$236.0M
Other liabilities
$661.0M
$677.0M
$742.0M
$762.0M
Total current liabilities
$1.9B
$1.9B
$2.0B
$2.1B
Long-term debt
$4.8B
$4.8B
$4.9B
$4.9B
Other long-term liabilities
$812.0M
$824.0M
$849.0M
$810.0M
Share owners' equity
$539.0M
$1.4B
$1.5B
$1.4B
Total liabilities and share owners' equity
$8.1B
$8.9B
$9.3B
$9.2B
Cash flow statement
O-I Glass Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($103.0M)
($88.0M)
($85.0M)
$627.0M
Depreciation
$391.0M
$395.0M
$385.0M
$352.0M
Amortization of intangibles and other deferred items
$88.0M
$91.0M
$98.0M
$102.0M
Amortization of finance fees and debt discount
$10.0M
$10.0M
$11.0M
$11.0M
Deferred tax provision
($65.0M)
$7.0M
$25.0M
$22.0M
Pension expense
$31.0M
$32.0M
$30.0M
$34.0M
Stock-based compensation expense
$25.0M
$14.0M
$43.0M
—
Restructuring, asset impairment and related charges
$445.0M
$208.0M
$97.0M
$50.0M
Pension settlement and curtailment charges
$5.0M
$5.0M
$19.0M
$20.0M
Legacy environmental charge
$4.0M
$11.0M
—
—
Gain on sale of divested businesses and miscellaneous assets
($5.0M)
($6.0M)
($4.0M)
($55.0M)
Pension contributions
($34.0M)
($32.0M)
($32.0M)
($26.0M)
Cash paid for restructuring activities
($128.0M)
($41.0M)
($26.0M)
($20.0M)
Legacy environmental settlement paid
($17.0M)
—
—
—
Change in components of working capital (See Note 20)
$20.0M
($125.0M)
($148.0M)
$95.0M
Other, net
($67.0M)
($17.0M)
($40.0M)
($103.0M)
Cash provided by operating activities
$600.0M
$489.0M
$818.0M
$154.0M
Cash payments for property, plant and equipment
($432.0M)
($617.0M)
($688.0M)
($539.0M)
Cash proceeds on disposal of other businesses and misc. assets
$56.0M
$29.0M
$11.0M
$98.0M
Net cash proceeds (payments) for hedging activity
$8.0M
($29.0M)
$4.0M
($24.0M)
Cash utilized in investing activities
($368.0M)
($620.0M)
($683.0M)
($97.0M)
Additions to long-term debt
$2.5B
$1.1B
$1.3B
$2.9B
Repayments of long-term debt
($2.6B)
($1.0B)
($1.3B)
($2.9B)
Increase (decrease) in short-term loans
($30.0M)
$17.0M
$47.0M
$16.0M
Payment of finance fees
($18.0M)
($13.0M)
($22.0M)
($29.0M)
Cash payments for hedging activity
($23.0M)
—
($40.0M)
$133.0M
Distributions paid to noncontrolling interests
($16.0M)
($17.0M)
($6.0M)
($27.0M)
Shares repurchased
-40.0M
-40.0M
-40.0M
-40.0M
Other, net
($6.0M)
($14.0M)
—
—
Cash utilized in financing activities
($250.0M)
($8.0M)
($27.0M)
$6.0M
Effect of exchange rate fluctuations on cash
$43.0M
($40.0M)
$32.0M
($15.0M)
Change in cash
$25.0M
($179.0M)
$140.0M
$48.0M
Cash and cash equivalents at beginning of period
$734.0M
$913.0M
$773.0M
$725.0M
Cash and cash equivalents at end of period
$759.0M
—
$913.0M
$773.0M
O-I Glass Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($1.0B)
($71.0M)
$26.0M
($10.0M)
Depreciation and amortization
$241.0M
$119.0M
$361.0M
$238.0M
Pension expense
$17.0M
$9.0M
$23.0M
$15.0M
Stock-based compensation expense
$5.0M
$5.0M
$12.0M
$8.0M
Goodwill impairment
$873.0M
—
—
—
Change in European valuation allowance on deferred tax assets
$96.0M
—
—
—
Restructuring, asset impairment and related charges
$55.0M
$38.0M
$255.0M
$195.0M
(Gain) loss on sale of joint venture and miscellaneous assets
$44.0M
$46.0M
($7.0M)
($6.0M)
Pension contributions
($15.0M)
($10.0M)
($25.0M)
($14.0M)
Cash paid for restructuring activities
($90.0M)
($35.0M)
($109.0M)
($78.0M)
Change in components of working capital
($381.0M)
($376.0M)
($238.0M)
($335.0M)
Other, net (a)
($9.0M)
($19.0M)
($51.0M)
($33.0M)
Cash utilitzed in operating activities
($200.0M)
($294.0M)
$198.0M
($16.0M)
Cash payments for property, plant and equipment
($237.0M)
($142.0M)
($339.0M)
($239.0M)
Net cash proceeds on sale of joint venture and miscellaneous assets