Annual Financials for Avery Dennison Corporation (AVY)

20 Years of financial data for all companies
Including key metrics, annual/quarterly financials, and historic PE ratio.



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All numbers in thousands except per share items and ratios.
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Reported Currency: USD TTM 2023-12-30 2022-12-31 2022-01-01 2021-01-02 2019-12-28 2018-12-29 2017-12-30 2016-12-31 2016-01-02 2015-01-03 2013-12-28 2012-12-29 2011-12-31 2011-01-01 2010-01-02 2008-12-27 2007-12-29 2006-12-30 2005-12-31 2005-01-01
Revenue 8,680,500 8,364,300 9,039,300 8,408,300 6,971,500 7,070,100 7,159,000 6,613,800 6,086,500 5,966,900 6,330,300 6,140,000 6,035,600 6,026,300 6,512,700 5,952,700 6,710,400 6,307,800 5,575,900 5,473,500 5,340,900
Revenue Growth - -7.47% 7.50% 20.61% -1.39% -1.24% 8.24% 8.66% 2.00% -5.74% 3.10% 1.73% 0.15% -7.47% 9.41% -11.29% 6.38% 13.13% 1.87% 2.48%
Cost of Revenue 6,163,000 6,086,800 6,635,100 6,095,500 5,048,200 5,166,000 5,243,500 4,801,600 4,386,800 4,321,100 4,679,100 4,502,300 4,458,500 4,504,900 4,686,700 4,366,200 4,983,400 4,585,400 4,047,500 3,852,400 3,761,400
Gross Profit 2,517,500 2,277,500 2,404,200 2,312,800 1,923,300 1,904,100 1,915,500 1,812,200 1,699,700 1,645,800 1,651,200 1,637,700 1,577,100 1,521,400 1,826,000 1,586,500 1,727,000 1,722,400 1,528,400 1,621,100 1,579,500
Gross Profit Margin 28.99% 27.23% 26.60% 27.51% 27.59% 26.93% 26.76% 27.40% 27.93% 27.58% 26.08% 26.67% 26.13% 25.25% 28.04% 26.65% 25.74% 27.31% 27.41% 29.62% 29.57%
Research and Development 135,800 135,800 136,100 136,600 112,800 92,600 98,200 93,400 89,700 91,900 102,500 96,000 98,600 0 0 0 0 0 0 0 0
General and Administrative Expenses 1,420,900 1,177,900 1,330,800 1,248,500 1,060,500 1,080,400 1,127,500 1,123,200 1,097,500 1,108,100 1,155,300 1,179,000 1,179,400 1,170,900 1,370,400 1,268,800 1,304,300 1,182,500 1,011,100 1,132,800 1,112,400
Total Operating Expenses 1,420,900 1,281,600 1,330,800 1,248,500 1,060,500 1,080,400 1,127,500 1,123,200 1,097,500 1,108,100 1,155,300 1,179,000 1,179,400 1,170,900 1,370,400 1,268,800 1,304,300 1,182,500 1,011,100 1,132,800 1,112,400
Operating Income or Loss 1,096,600 963,800 1,083,400 1,062,800 856,700 378,500 788,000 689,000 602,200 537,700 495,900 458,700 397,700 350,500 455,600 317,700 422,700 539,900 517,300 488,300 467,100
Operating Margin 12.63% 11.52% 11.99% 12.64% 12.29% 5.35% 11.01% 10.42% 9.89% 9.01% 7.83% 7.47% 6.59% 5.82% 7.00% 5.34% 6.30% 8.56% 9.28% 8.92% 8.75%
Interest Expense 117,500 119,000 84,100 70,200 70,000 75,800 58,500 63,000 59,900 60,500 63,300 59,000 72,800 71,000 76,600 85,300 115,900 0 0 0 0
EBITDA 1,397,200 1,112,100 1,374,100 1,306,900 1,062,000 557,500 794,300 829,400 717,000 657,700 629,200 631,500 544,500 546,200 558,100 -445,200 737,300 774,500 751,400 753,400 690,500
Depreciation and Amortization 311,000 298,400 290,700 244,100 205,300 179,000 181,000 178,700 180,100 188,300 201,600 204,600 220,600 246,500 247,600 267,300 278,400 234,600 197,900 201,500 188,200
Income Before Tax 913,700 694,700 999,300 992,600 737,300 249,500 554,800 589,500 477,100 408,900 364,400 363,100 255,500 232,900 351,300 -790,900 270,600 375,300 425,600 366,800 373,400
Income Tax Expense 239,700 191,700 242,200 248,600 177,700 -56,700 85,400 307,700 156,400 134,500 113,300 118,800 86,400 78,500 34,400 -44,200 4,500 71,800 73,100 75,000 93,700
Net Income 674,000 503,000 757,100 740,100 555,900 303,600 467,400 281,800 320,700 274,300 248,900 215,800 215,400 190,100 316,900 -746,700 266,100 303,500 367,200 226,400 279,700
Net Income Margin 7.76% 6.01% 8.38% 8.80% 7.97% 4.29% 6.53% 4.26% 5.27% 4.60% 3.93% 3.51% 3.57% 3.15% 4.87% -12.54% 3.97% 4.81% 6.59% 4.14% 5.24%
EPS 8.38 6.23 9.28 8.93 6.67 3.61 5.52 3.20 3.63 3.01 2.73 2.24 2.16 1.78 2.90 -7.24 2.70 3.09 3.74 2.27 2.80
EPS Diluted 8.33 6.20 9.21 8.83 6.61 3.57 5.28 3.13 3.54 2.95 2.60 2.16 2.08 1.78 2.90 -7.21 2.70 3.07 3.72 2.26 2.78
Weighted Average Shares Out - 80,700 81,600 82,900 83,400 84,000 84,724 88,012 88,309 89,968 90,459 96,178 99,915 106,800 105,392 103,100 98,400 98,100 99,800 100,100 99,900
Weighted Average Shares Out Diluted - 81,100 82,200 83,800 84,100 85,000 88,600 90,100 90,700 92,900 95,700 100,100 103,500 106,800 106,800 103,600 98,700 98,900 100,400 100,500 100,500

Reported Currency: USD Q3 2023-12-30 2022-12-31 2022-01-01 2021-01-02 2019-12-28 2018-12-29 2017-12-30 2016-12-31 2016-01-02 2015-01-03 2013-12-28 2012-12-29 2011-12-31 2011-01-01 2010-01-02 2008-12-27 2007-12-29 2006-12-30 2005-12-31 2005-01-01
Current Assets
Cash and Cash Equivalents 212,700 215,000 167,200 162,700 252,300 253,700 232,000 224,400 195,100 158,800 227,000 351,600 235,400 178,000 127,500 138,100 105,500 71,500 58,500 98,500 84,800
Short Term Investments 0 35,100 31,300 33,400 32,600 30,600 26,100 22,300 17,600 17,600 17,100 17,400 17,700 0 0 0 0 0 0 0 0
Cash + Short Term Investments 212,700 250,100 167,200 162,700 252,300 253,700 232,000 224,400 195,100 158,800 227,000 351,600 235,400 178,000 127,500 138,100 105,500 71,500 58,500 98,500 84,800
Net Receivables 1,574,700 1,414,900 1,374,400 1,424,500 1,235,200 1,212,200 1,189,700 1,180,300 1,001,000 964,700 958,100 1,016,500 972,800 877,100 996,100 918,600 988,900 1,113,800 910,200 863,200 887,400
Inventory 1,013,500 920,700 1,009,900 907,200 717,200 663,000 651,400 609,600 519,100 478,700 491,800 494,100 473,300 475,100 519,900 477,300 583,600 631,000 471,800 439,700 433,200
Other Current Assets 283,800 210,300 230,500 206,800 178,900 181,500 198,800 201,300 172,000 155,600 247,100 212,200 730,200 677,200 308,400 199,200 252,400 242,000 214,900 156,900 137,000
Total Current Assets 3,084,700 2,796,000 2,782,000 2,734,600 2,416,200 2,340,600 2,298,000 2,237,900 1,904,800 1,775,400 1,924,100 2,091,800 2,411,700 2,219,800 1,951,900 1,733,200 1,930,400 2,058,300 1,655,400 1,558,300 1,542,400
Non-Current Assets
Property, Plant and Equipment 1,612,300 1,826,000 1,540,200 1,477,700 1,343,700 1,210,700 1,137,400 1,097,900 915,200 847,900 875,300 922,500 1,015,500 1,078,400 1,262,900 1,354,700 1,493,000 1,591,400 1,309,400 1,295,700 1,381,000
Goodwill 2,012,700 2,013,600 1,862,400 1,881,500 1,136,400 930,800 941,800 985,100 793,600 686,200 721,600 751,100 764,400 759,300 940,800 950,800 1,716,700 1,683,300 715,900 0 0
Intangible Assets 783,200 953,600 840,300 911,400 224,900 126,500 144,000 166,300 66,700 45,800 67,400 96,000 125,000 161,200 228,900 262,200 303,600 314,200 95,500 771,800 902,800
Long Term Investments 49,600 -35,100 85,500 49,300 5,300 8,800 6,700 9,100 100 0 0 0 0 0 0 0 0 0 0 0 0
Tax Assets 110,900 115,700 115,100 130,200 212,700 225,400 205,300 196,300 313,200 372,200 365,400 263,400 331,600 322,300 266,000 236,600 168,900 59,900 42,700 0 0
Other Non-Current Assets 848,100 540,000 725,000 786,900 759,700 646,000 444,300 444,300 402,800 406,200 463,600 485,800 457,100 431,700 448,900 465,300 423,100 537,700 474,700 578,100 573,100
Total Non-Current Assets 5,367,200 5,413,800 5,168,500 5,237,000 3,682,700 3,148,200 2,879,500 2,899,000 2,491,600 2,358,300 2,493,300 2,518,800 2,693,600 2,752,900 3,147,500 3,269,600 4,105,300 4,186,500 2,638,200 2,645,600 2,856,900
Other Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 8,451,900 8,209,800 7,950,500 7,971,600 6,098,900 5,488,800 5,177,500 5,136,900 4,396,400 4,133,700 4,417,400 4,610,600 5,105,300 4,972,700 5,099,400 5,002,800 6,035,700 6,244,800 4,293,600 4,203,900 4,399,300
Current Liabilities
Accounts Payable 1,343,200 1,277,100 1,339,300 1,298,800 1,050,900 994,700 1,030,500 1,007,200 841,900 814,600 797,800 889,500 804,300 736,500 748,200 689,800 672,900 679,200 630,100 577,900 619,200
Short Term Debt 1,116,800 804,100 598,600 366,100 109,000 481,600 136,500 265,400 579,100 95,300 204,300 76,900 520,200 227,100 381,000 535,600 665,000 1,110,800 466,400 364,700 204,500
Tax Payables 0 57,600 76,200 74,900 86,300 71,400 58,100 49,200 37,900 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 18,100 22,200 24,700 18,900 12,600 58,100 0 37,900 325,100 331,900 0 0 0 0 0 0 0 370,600 523,500 486,500
Other Current Liabilities 889,000 730,800 785,700 783,400 679,800 693,500 652,700 650,000 545,400 549,200 598,500 587,700 750,000 683,500 702,600 642,300 720,100 687,600 602,300 583,000 563,600
Total Current Liabilities 3,349,000 2,699,500 2,799,800 2,547,900 1,926,000 2,253,800 1,994,000 1,971,800 2,004,300 1,459,100 1,600,600 1,554,100 2,074,500 1,647,100 1,831,800 1,867,700 2,058,000 2,477,600 1,698,800 1,525,600 1,387,300
Non-Current Liabilities
Long Term Debt 2,042,100 2,615,100 2,625,300 2,932,900 2,168,100 1,598,200 1,771,600 1,341,300 713,400 963,600 945,300 950,600 702,200 954,200 956,200 1,088,700 1,544,800 1,145,000 501,600 723,000 1,007,200
Deferred Revenue 0 0 2,100 -238,500 -117,300 -110,300 -122,100 -173,300 -92,300 -107,900 -127,800 -137,300 -140,500 -125,800 -124,600 -127,800 0 0 0 0 0
Deferred Tax 0 0 247,900 238,500 117,300 110,300 122,100 173,300 92,300 107,900 127,800 137,300 140,500 125,800 124,600 127,800 116,400 241,300 78,500 86,600 91,000
Other Non-Current Liabilities 666,900 767,300 245,300 327,900 386,200 432,500 456,800 604,300 660,900 637,400 677,200 476,400 607,200 587,100 541,100 556,000 566,500 391,500 318,600 356,800 365,100
Total Non-Current Liabilities 2,709,000 3,382,400 3,118,500 3,499,300 2,673,000 2,031,000 2,228,400 2,118,900 1,466,600 1,708,900 1,750,300 1,564,300 1,449,900 1,667,100 1,621,900 1,772,500 2,227,700 1,777,800 914,300 1,166,400 1,463,300
Total Liabilities 6,058,000 6,081,900 5,918,300 6,047,200 4,599,000 4,284,800 4,222,400 4,090,700 3,470,900 3,168,000 3,350,900 3,118,400 3,524,400 3,314,200 3,453,700 3,640,200 4,285,700 4,255,400 2,613,100 2,692,000 2,850,600
Common Stock 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100 124,100
Retained Earnings 5,042,700 4,691,800 4,414,600 3,880,700 3,349,300 2,979,100 2,864,900 2,596,700 2,473,300 2,277,600 2,137,100 2,009,100 1,910,800 1,810,500 1,727,900 1,499,700 2,381,300 2,290,200 2,139,900 1,945,300 1,887,600
Accumulated Other Comprehensive Income/Loss -400,400 -408,100 -364,000 -282,900 -334,600 -348,100 -682,000 -680,500 -751,900 -683,000 -547,300 -281,100 -278,000 -263,200 -142,900 -145,200 -530,600 -347,800 -658,300 -648,800 -631,500
Total Stockholders Equity 2,393,900 2,127,900 2,032,200 1,924,400 1,499,900 1,204,000 955,100 1,046,200 925,500 965,700 1,066,500 1,492,200 1,580,900 1,658,500 1,645,700 1,362,600 1,750,000 1,989,400 1,680,500 1,511,900 1,548,700
Total Investments -848,100 -0 116,800 82,700 37,900 39,400 32,800 31,400 17,700 17,600 17,100 17,400 17,700 0 0 0 0 0 0 0 0
Total Debt 3,158,900 3,244,300 3,102,100 3,104,700 2,116,800 1,939,500 1,966,200 1,581,700 1,292,500 1,058,900 1,149,600 1,027,500 1,222,400 1,181,300 1,337,200 1,624,300 2,209,800 2,255,800 968,000 1,087,700 1,211,700
Net Debt 2,946,200 3,029,300 2,934,900 2,942,000 1,864,500 1,685,800 1,734,200 1,357,300 1,097,400 900,100 922,600 675,900 987,000 1,003,300 1,209,700 1,486,200 2,104,300 2,184,300 909,500 989,200 1,126,900

Reported Currency: USD TTM 2023-12-30 2022-12-31 2022-01-01 2021-01-02 2019-12-28 2018-12-29 2017-12-30 2016-12-31 2016-01-02 2015-01-03 2013-12-28 2012-12-29 2011-12-31 2011-01-01 2010-01-02 2008-12-27 2007-12-29 2006-12-30 2005-12-31 2005-01-01
Cash Flows from Operating Activities
Net Income 674,000 503,000 757,100 740,100 555,900 303,600 467,400 281,800 320,700 274,300 248,900 215,800 215,400 190,100 316,900 -746,700 266,100 303,500 367,200 226,400 279,700
Depreciation & Amortization 311,000 298,400 290,700 244,100 205,300 179,000 181,000 178,700 180,100 188,300 201,600 204,600 220,600 246,500 247,600 267,300 278,400 234,600 197,900 201,500 188,200
Deferred Income Tax 2,000 -24,400 18,400 2,600 9,300 -216,900 -32,700 39,000 55,900 58,700 37,300 -38,800 38,200 -162,700 9,100 880,000 -114,200 -37,500 -10,800 -12,600 93,100
Stock Based Compensation 29,100 0 47,400 37,200 24,000 34,500 34,300 30,200 27,200 26,300 28,300 34,000 38,900 39,600 35,200 25,800 0 0 0 0 0
Change in Working Capital -243,900 -60,300 -226,200 -24,600 -152,600 -84,800 -391,800 66,500 -86,200 -124,000 -186,100 -133,000 -41,500 -117,000 -181,500 88,800 47,000 -51,400 -53,300 -74,300 -28,400
Accounts Receivable -16,700 -16,700 -22,100 -113,200 14,700 -42,200 -62,500 -141,200 -88,200 -135,900 -40,900 -110,800 -106,700 -43,600 -87,600 95,700 0 0 0 0 0
Inventory 111,700 111,700 -140,700 -182,700 -6,000 -18,100 -70,500 -14,900 -19,600 -34,400 -33,000 -75,900 -800 -22,200 -35,600 133,300 16,500 -5,300 -15,100 -11,700 -1,200
Accounts Payable -106,300 -87,600 68,200 255,200 -68,200 46,400 43,600 83,400 31,600 65,500 -62,800 108,200 68,000 31,300 76,500 -52,400 0 0 0 0 0
Other Working Capital -338,900 -67,700 -131,600 16,100 -93,100 -70,900 -302,400 139,200 -10,000 -19,200 -49,400 -54,500 -2,000 -82,500 -134,800 -87,800 30,500 -46,100 -38,200 -62,600 -27,200
Other Non-Cash Items 456,500 109,300 73,600 47,400 109,400 531,100 199,700 53,900 87,600 50,100 44,200 37,500 41,800 226,200 59,400 53,800 62,400 50,200 9,800 100,600 -27,600
Net Cash Provided by Operating Activities 899,500 826,000 961,000 1,046,800 751,300 746,500 457,900 650,100 585,300 473,700 374,200 320,100 513,400 422,700 486,700 569,000 539,700 499,400 510,800 441,600 516,900
Cash Flows from Investing Activities
Investments in Property, Plant, and Equipment -249,000 -265,300 -298,500 -272,100 -218,600 -257,200 -256,600 -226,100 -206,600 -151,500 -175,000 -181,400 -154,100 -131,000 -108,600 -102,800 -191,600 -254,800 -195,300 -188,300 -178,900
Acquisitions Net -22,800 -224,900 -38,400 -1,470,000 -350,400 -6,500 -3,800 -319,300 -237,200 0 0 481,200 800 21,500 0 0 -131,200 -1,291,900 22,000 -2,800 -15,000
Purchases of Investments -34,200 0 0 0 0 0 29,900 -8,300 -100 -500 0 -13,500 -6,700 -26,000 0 -500 0 0 0 0 0
Sales/Maturities of Investments 25,900 0 0 0 0 0 18,500 35,600 29,700 0 300 100 59,100 300 800 0 17,200 0 0 0 0
Other Investing Activities -8,100 31,200 4,200 4,200 14,800 12,700 -20,500 -29,600 -21,200 9,100 4,300 53,000 -59,100 31,000 0 -2,500 12,100 3,500 18,400 23,500 -23,000
Net Cash Used for Investing Activities -284,300 -459,000 -332,700 -1,737,900 -554,200 -251,000 -232,500 -547,700 -435,400 -142,900 -170,400 339,400 -160,000 -104,200 -107,800 -105,800 -293,500 -1,543,200 -154,900 -167,600 -216,900
Cash Flows from Financing Activities
Debt Repayment -98,700 102,400 28,300 1,037,500 113,100 -18,600 409,300 199,900 232,200 -7,400 124,900 -187,200 40,500 -147,900 -189,800 -300,600 -40,700 1,259,000 -140,100 -80,000 -119,100
Common Stock Issued 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,700 38,100 54,100 11,000 19,100
Common Stock Repurchased -127,900 -137,500 -379,500 -180,900 -104,300 -237,700 -392,900 -129,700 -262,400 -232,300 -355,500 -283,500 -235,200 -13,500 -108,700 0 -9,800 -63,200 -157,700 -41,000 -700
Dividends Paid -272,300 -256,700 -238,900 -220,600 -196,800 -189,700 -175,000 -155,500 -142,500 -133,100 -125,100 -112,000 -110,400 -106,500 -88,700 -134,900 -175,000 -171,800 -171,800 -168,700 -164,600
Other Financing Activities -115,400 -25,400 -25,100 -31,700 -19,700 -24,300 -49,500 1,400 66,500 5,500 32,200 36,500 7,500 -3,600 -4,300 2,800 17,000 -6,700 17,700 18,200 18,200
Net Cash Used Provided by Financing Activities -614,300 -317,200 -615,200 604,300 -207,700 -470,300 -208,100 -83,900 -106,200 -367,300 -323,500 -546,200 -297,600 -271,500 -391,500 -432,700 -208,500 1,055,400 -397,800 -260,500 -247,100
Effect of Forex Changes on Cash 2,500 -2,000 -8,600 -2,800 9,200 -3,500 -9,700 10,800 -7,400 -11,900 -4,900 2,900 1,600 3,500 2,000 2,100 -3,700 1,400 1,900 200 2,400
Net Change in Cash 9,500 47,800 4,500 -89,600 -1,400 21,700 7,600 29,300 36,300 -48,400 -124,600 116,200 57,400 50,500 -10,600 32,600 34,000 13,000 -40,000 13,700 55,300
Cash at End of Period 820,000 215,000 167,200 162,700 252,300 253,700 232,000 224,400 195,100 158,800 227,000 351,600 235,400 178,000 127,500 138,100 105,500 71,500 58,500 98,500 84,800
Cash at Start of Period 810,500 167,200 162,700 252,300 253,700 232,000 224,400 195,100 158,800 207,200 351,600 235,400 178,000 127,500 138,100 105,500 71,500 58,500 98,500 84,800 29,500
Free Cash Flow
Operating Cash Flow 899,500 826,000 961,000 1,046,800 751,300 746,500 457,900 650,100 585,300 473,700 374,200 320,100 513,400 422,700 486,700 569,000 539,700 499,400 510,800 441,600 516,900
Capital Expenditure -258,200 -285,100 -298,500 -272,100 -218,600 -257,200 -256,600 -226,100 -206,600 -151,500 -175,000 -181,400 -154,100 -131,000 -108,600 -102,800 -191,600 -254,800 -195,300 -188,300 -178,900
Free Cash Flow 641,300 540,900 662,500 774,700 532,700 489,300 201,300 424,000 378,700 322,200 199,200 138,700 359,300 291,700 378,100 466,200 348,100 244,600 315,500 253,300 338,000