$REYN
Reynolds Consumer Products Inc.
CIK:0001786431|SEC Filings
Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Total net revenues | $ 944 | $ 938 | $ 1,821 | $ 1,756 |
| Cost of sales | (699) | (712) | (1,368) | (1,341) |
| Gross profit | 245 | 226 | 453 | 415 |
| Selling, general and administrative expenses | (107) | (96) | (216) | (201) |
| Other expense, net | 0 | (12) | 0 | (21) |
| Income from operations | 138 | 118 | 237 | 193 |
| Interest expense, net | (22) | (22) | (44) | (42) |
| Debt refinancing expense | 0 | 0 | 0 | (13) |
| Income before income taxes | 116 | 96 | 193 | 138 |
| Income tax expense | (27) | (23) | (45) | (33) |
| Net income | $ 89 | $ 73 | $ 148 | $ 105 |
| Earnings per share: | ||||
| Basic (in USD per share) | $ 0.42 | $ 0.35 | $ 0.70 | $ 0.50 |
| Diluted (in USD per share) | $ 0.42 | $ 0.35 | $ 0.70 | $ 0.50 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 210.6 | 210.3 | 210.7 | 210.3 |
| Diluted (in shares) | 211.9 | 210.3 | 211.9 | 210.3 |
| Net revenues | ||||
| Total net revenues | $ 944 | $ 938 | $ 1,821 | $ 1,739 |
| Related party net revenues | ||||
| Total net revenues | $ 0 | $ 0 | $ 0 | $ 17 |
Condensed Consolidated Balance Sheets - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 66 | $ 147 |
| Accounts receivable (net of allowance for doubtful accounts of $1 and $2) | 357 | 355 |
| Other receivables | 17 | 10 |
| Inventories | 718 | 584 |
| Other current assets | 27 | 20 |
| Total current assets | 1,185 | 1,116 |
| Property, plant and equipment (net of accumulated depreciation of $1,081 and $1,034) | 855 | 823 |
| Operating lease right-of-use assets, net | 111 | 98 |
| Goodwill | 1,895 | 1,895 |
| Intangible assets, net | 931 | 943 |
| Other assets | 102 | 61 |
| Total assets | 5,079 | 4,936 |
| Liabilities | ||
| Accounts payable | 433 | 387 |
| Current operating lease liabilities | 27 | 23 |
| Income taxes payable | 1 | 14 |
| Accrued and other current liabilities | 199 | 153 |
| Total current liabilities | 660 | 577 |
| Long-term debt | 1,530 | 1,580 |
| Long-term operating lease liabilities | 91 | 81 |
| Deferred income taxes | 370 | 350 |
| Long-term postretirement benefit obligation | 13 | 13 |
| Other liabilities | 105 | 82 |
| Total liabilities | 2,769 | 2,683 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity | ||
| Common stock, $0.001 par value; 2,000 shares authorized; 210.8 shares issued and outstanding | 0 | 0 |
| Additional paid-in capital | 1,432 | 1,431 |
| Accumulated other comprehensive income | 25 | 20 |
| Retained earnings | 853 | 802 |
| Total stockholders’ equity | 2,310 | 2,253 |
| Total liabilities and stockholders’ equity | $ 5,079 | $ 4,936 |