Graphic Packaging Holding Company (GPK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1500 RIVEREDGE PARKWAY
ATLANTA, GA 30328
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 265 - Paperboard Containers And Boxes (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12511315082108111
Cash and cash equivalents12511315082108111
Receivables933915879888950945
Inventory, net of allowances, customer advances and progress billings1,7291,7001,6061,5641,5331,504
Inventory1,7291,7001,6061,5641,5331,504
Other current assets11484711089397
Total current assets:2,9012,8122,7062,6422,6842,657
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   159   
Property, plant and equipment    4,5094,6014,675
Intangible assets, net (including goodwill)2,7412,7632,6962,6802,7622,837
Goodwill2,0482,0531,9791,9421,9742,006
Intangible assets, net (excluding goodwill)693710717738788831
Other noncurrent assets344346347351350374
Other undisclosed noncurrent assets4,7534,6784,420   
Total noncurrent assets:7,8387,7877,6227,5407,7137,886
TOTAL ASSETS:10,73910,59910,32810,18210,39710,543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6741,6781,8802,0361,9981,660
Interest and dividends payable395337
Employee-related liabilities265229201
Accounts payable9961,0091,1239991,0081,028
Accrued liabilities678669757733708394
Debt4635753300292286
Other undisclosed current liabilities    (304)(282) 
Total current liabilities:2,1371,7351,9332,0322,0081,946
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,0465,4635,2005,1955,5065,645
Long-term debt, excluding current maturities5,0465,4635,2005,1955,5065,645
Finance lease, liability   159   
Other undisclosed long-term debt and lease obligation   (159)   
Liabilities, other than long-term debt1,1061,0911,0459979911,001
Deferred income tax liabilities708697668635612598
Liability, pension and other postretirement and postemployment benefits112112111112128132
Other liabilities286282266250251271
Total noncurrent liabilities:6,1526,5546,2456,1926,4976,646
Total liabilities:8,2898,2898,1788,2248,5058,592
Equity
Equity, attributable to parent, including:2,4492,3082,1491,9561,8901,949
Additional paid in capital2,0522,0402,0542,0462,0442,038
Accumulated other comprehensive loss(349)(358)(377)(439)(345)(242)
Retained earnings743623469346188150
Other undisclosed equity, attributable to parent333333
Equity, attributable to noncontrolling interest121222
Total equity:2,4502,3102,1501,9581,8921,951
TOTAL LIABILITIES AND EQUITY:10,73910,59910,32810,18210,39710,543

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,3922,4382,3862,4512,3582,245
Cost of revenue
(Cost of Goods and Services Sold)
(1,886)(1,878)(1,895)(1,940)(1,917)(1,858)
Gross profit:506560491511441387
Operating expenses(207)(197)(185)(212)(191)(189)
Other operating income (expense), net(15)(18)(13)(6)(2)2
Other undisclosed operating loss(17)(15)(25) (96)(7)
Operating income:267330268293152193
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
 (1)2212
Interest and debt expense(60)(58)(54)(53)(48)(42)
Income from continuing operations before income taxes:207271216242105153
Income tax expense(57)(64)(60)(49)(39)(46)
Income from continuing operations:15020715619366107
Income before gain (loss) on sale of properties:19366107
Net income available to common stockholders, diluted:15020715619366107

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:15020715619366107
Other comprehensive income (loss)82061(94)(103)(18)
Comprehensive income (loss):15822721799(37)89
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(1)1   
Comprehensive income (loss), net of tax, attributable to parent:15922621899(37)89

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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