OI (OI) financial statements
OI reported revenue of $6.4B in fiscal 2025, down 0.5% a year over 9 years.
Net income was -$129M.
Free cash flow was $168M, and the company returned $40M in net buybacks.
The diluted share count fell 6% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.7B | $6.9B | $6.9B | $6.7B | $6.1B | $6.4B | $6.9B | $7.1B | $6.5B | $6.4B |
| Cost of revenue | $5.5B | $5.5B | $5.6B | $5.5B | $5.1B | $5.3B | $5.6B | $5.6B | $5.5B | $5.3B |
| Gross profit | $1.3B | $1.3B | $1.3B | $1.2B | $972M | $1.1B | $1.2B | $1.5B | $1.0B | $1.1B |
| Research and development | $65M | $60M | $70M | $68M | $75M | $82M | $79M | $92M | $80M | $42M |
| Selling, general and admin | $503M | $484M | $483M | $439M | $403M | $433M | $496M | $540M | $445M | $434M |
| Operating income | — | — | — | — | $353M | $332M | $805M | $67M | $38M | — |
| Interest expense | $272M | $268M | $261M | $311M | $265M | $216M | $239M | $342M | $335M | $341M |
| Pre-tax income | $356M | $275M | $277M | -$261M | $353M | $332M | $960M | $67M | $38M | -$49M |
| Income tax | $119M | $70M | $108M | $118M | $89M | $167M | $178M | $152M | $126M | $54M |
| Net income | $209M | $180M | $257M | -$400M | $249M | $149M | $584M | -$103M | -$106M | -$129M |
| EPS (diluted) | $1.28 | $1.10 | $1.59 | -$2.58 | $1.57 | $0.93 | $3.67 | -$0.67 | -$0.69 | -$0.84 |
| Diluted shares | 163M | 165M | 162M | 155M | 159M | 160M | 159M | 155M | 155M | 154M |
| Gross margin | 19.5% | 19.4% | 18.7% | 18.1% | 16.0% | 17.2% | 17.7% | 21.1% | 16.0% | 17.3% |
| Operating margin | — | — | — | — | 5.8% | 5.2% | 11.7% | 0.9% | 0.6% | — |
| Net margin | 3.1% | 2.6% | 3.7% | -6.0% | 4.1% | 2.3% | 8.5% | -1.4% | -1.6% | -2.0% |
Balance sheet
Fiscal years, from OI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $492M | $492M | $512M | $551M | $563M | $725M | $773M | $913M | $734M | $759M |
| Receivables | $580M | $663M | $549M | $621M | $623M | $692M | $760M | $671M | $572M | $601M |
| Inventory | $983M | $1.0B | $1.0B | $1.0B | $841M | $816M | $848M | $1.1B | $963M | $1.0B |
| Total current assets | $2.3B | $2.4B | $2.4B | $2.5B | $2.3B | $2.5B | $2.6B | $2.9B | $2.5B | $2.6B |
| Property, plant and equipment | $2.9B | $3.1B | $3.1B | $3.3B | $2.9B | $2.8B | $3.0B | $3.6B | $3.3B | $3.4B |
| Goodwill | $2.5B | $2.6B | $2.5B | $1.9B | $2.0B | $1.8B | $1.8B | $1.5B | $1.3B | $1.5B |
| Total assets | $9.1B | $9.8B | $9.7B | $9.6B | $8.9B | $8.8B | $9.1B | $9.7B | $8.7B | $9.2B |
| Total current liabilities | $2.1B | $2.3B | $2.2B | $2.0B | $1.9B | $1.8B | $2.4B | $2.3B | $2.2B | $2.1B |
| Long-term debt | $5.1B | $5.1B | $5.2B | $5.4B | $4.9B | $4.8B | $4.4B | $4.7B | $4.6B | $4.8B |
| Total liabilities | $8.8B | $8.8B | $8.8B | $9.0B | $8.5B | $8.0B | $7.5B | $7.9B | $7.4B | $7.8B |
| Shareholders' equity | $254M | $808M | $786M | $467M | $297M | $720M | $1.4B | $1.6B | $1.1B | $1.3B |
| Net debt | $4.8B | $4.8B | $4.7B | $4.9B | $4.5B | $4.1B | $3.9B | $3.9B | $4.1B | $4.1B |
Cash flow
Fiscal years, from OI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $751M | $721M | $791M | $405M | $457M | $687M | $154M | $818M | $489M | $600M |
| Capital spending | $454M | $441M | $536M | $426M | $311M | $398M | $539M | $688M | $617M | $432M |
| Free cash flow | $297M | $280M | $255M | -$21M | $146M | $289M | -$385M | $130M | -$128M | $168M |
| Stock-based compensation | $11M | $18M | $27M | $10M | $11M | $8M | $33M | $43M | $14M | $25M |
| Dividends paid | — | — | — | $31M | $8M | — | — | — | — | — |
| Share buybacks (net) | — | — | -$163M | -$38M | — | -$40M | -$40M | -$40M | -$40M | -$40M |
| Net borrowing | -$208M | -$342M | $140M | $215M | -$630M | -$184M | -$29M | $81M | $76M | -$147M |
| Free cash flow margin | 4.4% | 4.1% | 3.7% | -0.3% | 2.4% | 4.5% | -5.6% | 1.8% | -2.0% | 2.6% |
| Dividends per share | — | — | — | $0.20 | $0.05 | — | — | — | — | — |
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Open OI in InvestinglyQuestions
What was OI's revenue in 2025?
$6.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does OI generate?
$168M in fiscal 2025 (operating cash flow minus capital spending).
From OI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.