Company: SLGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049324
Chunk: 78

Company: SILGAN HOLDINGS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 78
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.S. subsidiaries that also guarantee our obligations under the Credit Agreement, collectively the Obligor Group.

The following summarized financial information relates to the Obligor Group as of September 30, 2025 and December 31, 2024 and for the nine months ended September 30, 2025. Intercompany transactions, equity investments and other intercompany activity within the Obligor Group have been eliminated from the summarized financial information. Investments in subsidiaries of Silgan that are not part of the Obligor Group of $2.4 billion and $2.1 billion as of September 30, 2025 and December 31, 2024, respectively, are not included in noncurrent assets in the table below.

 Sept. 30, 2025Dec. 31, 2024(Dollars in millions)  Current assets$1,857.1$1,464.5Noncurrent assets4,324.44,279.5Current liabilities1,970.71,826.4Noncurrent liabilities4,360.83,987.8

At September 30, 2025 and December 31, 2024, the Obligor Group held current receivables due from other subsidiary companies of $37.3 million and $33.0 million, respectively; long-term notes receivable due from other subsidiary companies of $1.2 billion and $1.1 billion, respectively; and current payables due to other subsidiary companies of $11.3 million and $19.0 million, respectively.

 Nine Months EndedSept. 30, 2025(Dollars in millions) Net sales$3,418.9Gross profit498.9 Net income137.0 

For the nine months ended September 30, 2025, net income in the table above excludes income from equity method investments of other subsidiary companies of $133.2 million. For the nine months ended September 30, 2025, the Obligor Group recorded the following transactions with other subsidiary companies: sales to such other subsidiary companies of $44.9 million; net credits from such other subsidiary companies of $19.1 million; and net interest income from such other subsidiary companies of $38.6 million.  For the nine months ended September 30, 2025, the Obligor Group did not receive dividends from other subsidiary companies. 

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