BALL · 8-K · 20260804PR090074
Operating Cash Flow Trends
BALL Corp · 2026-08-04 · Importance 64 · Surprise 56 · No source text
Cash used in operating activities improved to $169 million in the first six months of 2026 from $333 million used in the prior-year period. Working-capital changes used $1.012 billion in 2026, compared with $838 million used in 2025. Free cash flow was negative $471 million after $302 million of capital expenditures, while adjusted free cash flow was negative $575 million after $104 million of cash taxes related to the Aerospace disposition. Cash and restricted cash declined by $720 million during the first six months to $501 million.
Key facts
- In 2026, expect free cash flow greater than $900 million. source
- Free Cash Flow for six months ended June 30, 2026: $(471) million (calculated as cash provided by operating activities less capital expenditures). source
- Adjusted Free Cash Flow for six months ended June 30, 2026: $(575) million, which includes add-back cash taxes paid for Aerospace disposition of $(104) million. source
- Cash provided by (used in) operating activities for six months ended June 30, 2026: $(169) million vs. $(333) million in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -2.9% | Adjusted Free Cash Flow for six months ended June 30, 2026: $(575) million, which includes add-back cash taxes paid for Aerospace… |
| cash | negative | realized | -2.3% | Free Cash Flow for six months ended June 30, 2026: $(471) million (calculated as cash provided by operating activities less capital… |
| cash | positive | probable | — | In 2026, expect free cash flow greater than $900 million. |