Amcor plc
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 7, 2024
AMCR$45.19+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended December 31, | ||
|---|---|---|
| ($ in millions) | 2023 | 2022 |
| Cash flows from operating activities: | ||
| Net income | $290 | $695 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization, and impairment | 295 | 284 |
| Net periodic benefit cost | 7 | 4 |
| Amortization of debt discount and deferred financing costs | 5 | 1 |
| Net gain on disposal of property, plant, and equipment | (1) | (5) |
| Net gain on disposal of businesses | — | (219) |
| Equity in loss of affiliated companies | 2 | — |
| Net foreign exchange loss | 35 | 25 |
| Share-based compensation | 6 | 29 |
| Other, net | (47) | 11 |
| Loss from highly inflationary accounting for Argentine subsidiaries | 86 | 28 |
| Deferred income taxes, net | (5) | (12) |
| Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency | (445) | (696) |
| Net cash provided by operating activities | 228 | 145 |
| Cash flows from investing activities: | ||
| Issuance of loans to affiliated companies and other | — | (1) |
| Investments in affiliated companies and other | (3) | (49) |
| Business acquisitions | (19) | (54) |
| Purchase of property, plant, and equipment, and other intangible assets | (245) | (250) |
| Proceeds from divestitures | — | 370 |
| Proceeds from sales of property, plant, and equipment, and other intangible assets | 11 | 8 |
| Net cash (used in)/provided by investing activities | (256) | 24 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of shares | — | 132 |
| Purchase of treasury shares and tax withholdings for share-based incentive plans | (51) | (221) |
| Repayment of long-term debt | (21) | (11) |
| Net borrowing of commercial paper | 322 | 500 |
| Net repayment of short-term debt | (44) | (83) |
| Repayment of lease liabilities | (6) | (2) |
| Share buybacks/cancellations | (30) | (40) |
| Dividends paid | (361) | (365) |
| Net cash used in financing activities | (191) | (90) |
| Effect of exchange rates on cash and cash equivalents | (40) | (92) |
| Net decrease in cash and cash equivalents | (259) | (13) |
| Cash and cash equivalents balance at beginning of year | 689 | 850 |
| Cash and cash equivalents balance at end of period | $430 | $837 |
| Supplemental cash flow information: | ||
| Interest paid, net of amounts capitalized | $162 | $127 |
| Income taxes paid | $124 | $91 |
| Supplemental non-cash disclosures relating to investing and financing activities: | ||
| Purchase of property, plant, and equipment, accrued but unpaid | $59 | $83 |
| Contingent purchase considerations related to acquired businesses, accrued but not paid | $27 | $12 |
See accompanying notes to condensed consolidated financial statements. Cash and cash equivalents at the beginning of fiscal year 2023 include cash and cash equivalents classified as held for sale.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.