Last10K.com

Owens Illinois Inc (OI) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Owens Illinois Inc

CIK: 812074 Ticker: OI

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

 

February 5, 2015

Date of Report (Date of earliest event reported)

 

GRAPHIC

 

OWENS-ILLINOIS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction

of incorporation)

 

1-9576

(Commission
File Number)

 

22-2781933

(IRS Employer

Identification No.)

 

One Michael Owens Way

Perrysburg, Ohio

(Address of principal executive offices)

 

43551-2999

(Zip Code)

 

(567) 336-5000

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o                Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

ITEM 2.02.                            RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

 

Set forth below is a revision to the Company’s previously issued earnings for 2014 as a result of the matter disclosed in Item 8.01.

 

Dollars in millions, except per share amounts

 

 

 

For the twelve months ended December 31, 2014

 

 

 

Originally reported

 

Revision

 

Final Reported

 

Earnings from continuing operations attributable to the Company

 

$

167

 

$

(69

)

$

98

 

 

 

 

 

 

 

 

 

Earnings per share (diluted) from continuing operations attributable to the Company

 

$

1.01

 

$

(0.42

)

$

0.59

 

 

ITEM 8.01.                            OTHER EVENTS.

 

On February 5, 2015, the Company received an unfavorable ruling on the foreign non-income tax assessment that the Company had been challenging and had disclosed in previous periodic filings.

 

This ruling will not impact the Company’s expected free cash flow generation of $300 million in 2015, nor does it impact the Company’s 2015 adjusted EPS guidance.

 

As a result of the ruling, the Company has recorded a $69 million charge in the fourth quarter of 2014, which is consistent with amounts previously disclosed.  This charge will be excluded from 2014 adjusted earnings since management does not consider it to be representative of ongoing operations.  As such, 2014 adjusted earnings remain unchanged.  While contesting the case, the Company had already remitted deposits that were largely in line with the charge.  These deposits will now be forfeited to the foreign tax authority.

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

OWENS-ILLINOIS, INC.

 

 

 

 

Date: February 10, 2015

By:

/s/ Stephen P. Bramlage, Jr.

 

Name:

Stephen P. Bramlage, Jr.

 

Title:

Senior Vice President and
Chief Financial Officer

 

3



The following information was filed by Owens Illinois Inc (OI) on Wednesday, February 11, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Owens Illinois Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Owens Illinois Inc.

Continue

Assess how Owens Illinois Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Owens Illinois Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2015 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Cash Flows
Condensed Consolidated Comprehensive Income
Condensed Consolidated Results Of Operations
Consolidated Share Owners' Equity
Consolidated Share Owners' Equity (parenthetical)
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (tables)
Contingencies
Contingencies (details)
Contingencies (tables)
Debt
Debt (details 2)
Debt (details)
Debt (tables)
Derivative Instruments
Derivative Instruments (details 2)
Derivative Instruments (details)
Discontinued Operations
Discontinued Operations (details)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Equity Investments
Equity Investments (details)
Equity Investments (tables)
Financial Information For Subsidiary Guarantors And Non-guarantors
Financial Information For Subsidiary Guarantors And Non-guarantors (details 2)
Financial Information For Subsidiary Guarantors And Non-guarantors (details 3)
Financial Information For Subsidiary Guarantors And Non-guarantors (details)
Financial Information For Subsidiary Guarantors And Non-guarantors (tables)
Goodwill
Goodwill (details)
Goodwill (tables)
Income Taxes
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details)
Income Taxes (tables)
Inventories
Inventories (details)
Inventories (tables)
Operating Leases
Operating Leases (details)
Other Assets
Other Assets (details)
Other Assets (tables)
Other Expense
Other Expense (details)
Other Expense, Net (tables)
Pensions Benefit Plans And Other Postretirement Benefits
Pensions Benefit Plans And Other Postretirement Benefits (details 2)
Pensions Benefit Plans And Other Postretirement Benefits (details 3)
Pensions Benefit Plans And Other Postretirement Benefits (details 4)
Pensions Benefit Plans And Other Postretirement Benefits (details 5)
Pensions Benefit Plans And Other Postretirement Benefits (details 6)
Pensions Benefit Plans And Other Postretirement Benefits (details 7)
Pensions Benefit Plans And Other Postretirement Benefits (details)
Pensions Benefit Plans And Other Postretirement Benefits (tables)
Receivables
Receivables (details)
Receivables (tables)
Restructuring Accruals, Asset Impairments And Other Cost Related To Closed Facilities (tables)
Restructuring Accruals, Asset Impairments And Other Costs Related To Closed Facilities
Restructuring Accruals, Asset Impairments And Other Costs Related To Closed Facilities (details)
Schedule Ii - Valuation And Qualifying Accounts (consolidated)
Schedule Ii - Valuation And Qualifying Accounts (consolidated) (details)
Segment Information
Segment Information (details 2)
Segment Information (details 3)
Segment Information (details 4)
Segment Information (details)
Segment Information (tables)
Significant Accounting Policies
Significant Accounting Policies (details 2)
Significant Accounting Policies (details)
Significant Accounting Policies (policies)
Stock Options And Other Stock Based Compensation
Stock Options And Other Stock Based Compensation (details 2)
Stock Options And Other Stock Based Compensation (details 3)
Stock Options And Other Stock Based Compensation (details)
Stock Options And Other Stock Based Compensation (tables)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Ticker: OI
CIK: 812074
Form Type: 10-K Annual Report
Accession Number: 0001047469-15-000716
Submitted to the SEC: Tue Feb 10 2015 5:59:40 PM EST
Accepted by the SEC: Wed Feb 11 2015
Period: Wednesday, December 31, 2014
Industry: Glass Containers

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/oi/0001047469-15-000716.htm