Owens Corning

Listed Company

OCCIK 0001370946NYSELarge AcceleratedAbrasive, Asbestos & Misc Nonmetallic Mineral ProdsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$10.10B

Net Income

$-522.00M

Total Assets

$12.98B

Equity

$3.85B

Shares Out

80.38M

Op. Cash Flow

$1.79B

Business

Owens Corning is a global manufacturer and marketer of residential and commercial building products focused on material innovation and sustainable solutions. It offers roofing products and systems, insulation products, interior and exterior doors and door systems, and fiberglass composites used across thousands of end uses. The company operates through four reportable segments—Roofing, Insulation, Doors and Composites—each encompassing manufacturing, fabrication and branded product lines. Owens Corning sells worldwide across North America, Europe, Asia-Pacific and Latin America through distributors, home centers, lumberyards, contractors, retail channels and direct industrial sales.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
NET SALES	10,103	9,851	8,372	9,761	8,498
COST OF SALES	7,265	6,810	5,942	7,145	6,281
Gross margin	2,838	3,041	2,430	2,616	2,217
Selling, General and Administrative Expense	1,014	959	748	—	—
Science and technology expenses	150	131	110	106	91
Goodwill impairment	1,135	0	0	0	0
Intangible assets impairment charge	39	0	0	—	—
Gain (Loss) on Disposition of Business	30	91	0	0	—
Gain on sale of site	0	0	−189	0	0
Other expense, net	110	378	122	123	−69
Total operating expenses	2,478	1,559	791	902	779
OPERATING INCOME	360	1,482	1,639	1,714	1,438
Non-operating (income) expense	0	−1	143	−9	−10
Earnings Before Interest, Taxes, Depreciation and Amortization	360	1,483	1,496	—	—
Interest expense, net	256	208	74	109	126
(LOSS) EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES	104	1,275	1,422	1,614	1,313
Income tax expense	293	334	364	373	319
Equity in net earnings of affiliates	1	6	3	0	1
NET (LOSS) EARNINGS FROM CONTINUING OPERATIONS	−188	947	1,061	—	—
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	−334	−300	132	—	—
NET (LOSS) EARNINGS FROM CONTINUING OPERATIONS	−522	647	1,193	1,241	995
Net loss from discontinued operations attributable to Owens Corning, net of tax	0	0	−3	0	0
NET (LOSS) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING	−188	947	1,064	—	—
NET (LOSS) EARNINGS	−522	647	1,196	1,241	995
Income (Loss) from Continuing Operations, Per Basic Share	−2.24	10.9	11.81	—	—
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	−3.98	−3.45	1.46	—	—
Basic (dollars per share)	−6.22	7.45	13.27	12.85	9.61
Income (Loss) from Continuing Operations, Per Diluted Share	−2.24	10.79	11.69	—	—
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	−3.98	−3.42	1.45	—	—
Diluted (dollars per share)	−6.22	7.37	13.14	12.7	9.54

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	345	321	1,615	1,099	959
Receivables, Net, Current	937	1,140	987	961	939
Inventories	1,472	1,327	1,198	1,334	1,078
Other current assets	165	163	117	117	121
Disposal Group, Including Discontinued Operation, Assets, Current	426	427	0	45	0
Total current assets	3,345	3,378	3,917	3,556	3,097
Property, plant and equipment, net	4,170	3,818	3,841	3,729	3,873
Operating lease right-of-use assets	507	411	222	204	158
Goodwill	1,679	2,745	—	—	—
Intangible assets, net	2,535	2,680	1,528	1,602	1,617
Deferred income taxes	10	8	24	16	31
Other non-current assets	480	456	313	262	249
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	254	579	—	—	—
TOTAL ASSETS	12,980	14,075	11,237	10,752	10,015
Accounts payable	1,257	1,301	1,216	1,345	1,095
Current operating lease liabilities	83	83	62	52	49
Short-term debt	50	1	—	—	—
Long-term debt - current portion	435	32	431	28	—
Other current liabilities	613	654	615	679	553
Disposal Group, Including Discontinued Operation, Liabilities, Current	222	226	—	—	—
Total current liabilities	2,660	2,297	2,324	2,104	1,697
Long-term debt, net of current portion	4,687	5,067	2,615	2,992	2,960
Pension plan liability	38	42	69	78	77
Other employee benefits liability	96	101	112	118	157
Non-current operating lease liabilities	450	348	165	152	109
Deferred income taxes	737	719	427	388	376
Other liabilities	323	286	315	299	304
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	96	95	—	—	—
Total liabilities	9,087	8,955	6,027	6,131	5,680
Preferred stock, par value $0.01 per share	0	0	0	0	0
Common stock, par value $0.01 per share	1	1	1	1	1
Additional paid-in capital	4,256	4,228	4,166	4,139	4,092
Accumulated earnings	4,463	5,224	4,794	3,794	2,706
Accumulated other comprehensive deficit	−437	−691	−503	−681	−581
Cost of common stock in treasury	−4,430	−3,685	−3,292	−2,678	−1,922
Total Owens Corning stockholders equity	3,853	5,077	5,166	4,575	4,296
Noncontrolling interests	40	43	19	21	39
Total equity	3,893	5,120	5,185	4,596	4,355
TOTAL LIABILITIES AND EQUITY	12,980	14,075	11,237	10,752	10,015

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain/(Loss) on discontinued operations	451	0	0	—	—
Depreciation and amortization	694	677	609	531	502
Loss on sale of business	30	91	0	36	0
Impairment due to strategic review	0	483	0	—	—
Deferred income taxes	43	−92	26	37	44
Pension annuity settlement charge	0	0	145	0	0
Stock-based compensation expense	71	93	51	51	50
Gains on sale of certain precious metals	−45	−19	−2	−18	−53
Other adjustments to reconcile net earnings to cash from operating activities	−26	−15	−44	—	—
Changes in receivables, net	235	6	−26	−14	−28
Change in inventories	−65	−43	148	−287	−227
Change in accounts payable and accrued liabilities	−130	13	−158	—	—
Changes in other operating assets and liabilities	−63	71	3	—	—
Pension fund contribution	−16	−7	−18	—	—
Payments for other employee benefits liabilities	−9	−10	−11	—	—
Other	−36	−3	−8	−50	−3
Net cash flow provided by operating activities	1,786	1,892	1,719	1,760	1,503
Cash paid for property, plant and equipment	824	647	526	446	416
Proceeds from sale of assets or affiliates	68	115	194	212	89
Investment in subsidiaries and affiliates, net of cash acquired	0	−2,857	−6	−417	−42
Other	9	4	18	16	4
Net cash flow used for investing activities	−765	−3,393	−356	−623	−377
Proceeds from senior revolving credit and receivables securitization facilities	329	720	0	—	—
Payments on senior revolving credit and receivables securitization facilities	−329	−720	0	—	—
Net proceeds from commercial paper	50	0	0	—	—
Proceeds from term loan borrowing	0	2,784	0	—	—
Payments on term loan borrowing	0	−2,800	0	—	—
Proceeds from long-term debt	0	1,968	0	0	0
Payments on long-term debt	−29	−873	0	0	−193
Dividends paid	−232	−208	−188	−136	−108
Purchases of treasury stock	−815	−491	−657	−795	−570
Finance lease payments	−45	−41	−33	−30	−23
Other	−1	−5	1	−4	13
Net cash flow (used for) provided by financing activities	−1,072	334	−877	−974	−881
Effect of exchange rate changes on cash	89	−87	30	−22	−3
Net increase in cash, cash equivalents and restricted cash	38	−1,254	516	141	242

Filings

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