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Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Results of Operations (Unaudited)  
Schedule of quarterly results of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions, except per share amounts)

 

First Quarter

 

Second Quarter

   

Third Quarter

 

Fourth Quarter

   

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

2,473

 

$

2,855

 

$

2,908

 

$

2,747

 

$

10,983

Gross profit (a)

 

 

390

 

 

431

 

 

455

 

 

481

 

 

1,757

Earnings before taxes

 

$

84

 

$

112

 

$

50

 

$

268

 

$

514

Net earnings (loss) attributable to Ball Corporation

 

$

68

 

$

99

 

$

48

 

$

159

 

$

374

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share (b) (c)

 

$

0.19

 

$

0.28

 

$

0.14

 

$

0.45

 

$

1.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share (b) (c)

 

$

0.19

 

$

0.28

 

$

0.13

 

$

0.45

 

$

1.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

 

Total

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

1,756

 

$

2,030

 

$

2,752

 

$

2,523

 

$

9,061

Gross profit (a)

 

 

275

 

 

367

 

 

372

 

 

406

 

 

1,420

Earnings before taxes

 

$

(209)

 

$

192

 

$

50

 

$

92

 

$

125

Net earnings attributable to Ball Corporation

 

$

(127)

 

$

307

 

$

31

 

$

52

 

$

263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share (b) (c)

 

$

(0.45)

 

$

1.08

 

$

0.09

 

$

0.15

 

$

0.83

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share (b) (c)

 

$

(0.45)

 

$

1.06

 

$

0.09

 

$

0.15

 

$

0.81

(a)

Gross profit is shown after depreciation and amortization related to cost of sales of $510 million and $345 million for the years ended December 31, 2017 and 2016, respectively.

(b)

Earnings per share calculations for each quarter are based on the weighted average shares outstanding for that period. As a result, the sum of the quarterly amounts may not equal the annual earnings per share amount.

(c)

Amounts in 2016 have been retrospectively adjusted for the two-for-one stock split that was effective on May 16, 2017.