Pactiv Evergreen Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,148	5,510	6,220	5,437	4,689
Revenue Growth (YoY)	-6.57%	-11.42%	14.40%	15.95%	-9.67%
Cost of Revenue	4,166	4,478	5,223	4,820	3,979
Gross Profit	982	1,032	997	617	710
Selling, General & Admin	395	440	449	362	404
Other Operating Expenses	-9	-4	-	-20	19
Operating Expenses	471	528	534	342	423
Operating Income	511	504	463	275	287
Interest Expense	-234	-262	-219	-169	-305
Interest & Investment Income	4	12	6	2	15
Currency Exchange Gain (Loss)	-	-	-	-	-13
Other Non Operating Income (Expenses)	2	5	-7	-24	-20
EBT Excluding Unusual Items	283	259	243	84	-36
Merger & Restructuring Charges	-382	-476	-58	-48	-27
Impairment of Goodwill	-	-	-	-	-6
Gain (Loss) on Sale of Investments	-	-6	-	-	-
Gain (Loss) on Sale of Assets	1	-2	266	-	1
Legal Settlements	-	-	15	-	-
Other Unusual Items	-6	-	2	-7	-54
Pretax Income	-104	-225	468	29	-122
Income Tax Expense	29	-3	149	-4	-112
Earnings From Continuing Operations	-133	-222	319	33	-10
Earnings From Discontinued Operations	-	2	1	-8	-15
Net Income to Company	-133	-220	320	25	-25
Minority Interest in Earnings	-3	-3	-2	-2	-2
Net Income	-136	-223	318	23	-27
Preferred Dividends & Other Adjustments	3	3	2	-	-
Net Income to Common	-139	-226	316	23	-27
Net Income Growth	-	-	1282.61%	-	-
Shares Outstanding (Basic)	180	179	178	177	146
Shares Outstanding (Diluted)	180	179	178	178	146
Shares Change (YoY)	0.90%	0.17%	0.39%	21.55%	8.78%
EPS (Basic)	-0.77	-1.26	1.78	0.13	-0.18
EPS (Diluted)	-0.77	-1.27	1.78	0.12	-0.18
EPS Growth	-	-	1320.71%	-	-
Free Cash Flow	163	249	156	-21	-157
Free Cash Flow Per Share	0.90	1.39	0.87	-0.12	-1.07
Dividend Per Share	0.400	0.400	0.400	0.400	-
Gross Margin	19.07%	18.73%	16.03%	11.35%	15.14%
Operating Margin	9.93%	9.15%	7.44%	5.06%	6.12%
Profit Margin	-2.70%	-4.10%	5.08%	0.42%	-0.58%
Free Cash Flow Margin	3.17%	4.52%	2.51%	-0.39%	-3.35%
EBITDA	817	1,104	802	619	576
EBITDA Margin	15.87%	20.04%	12.89%	11.39%	12.28%
D&A For EBITDA	306	600	339	344	289
EBIT	511	504	463	275	287
EBIT Margin	9.93%	9.15%	7.44%	5.06%	6.12%
Effective Tax Rate	-	-	31.84%	-	-
Revenue as Reported	5,148	5,510	6,220	5,437	-

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q