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)Annual | Quarterly
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 investments | 125 | 113 | 150 | 82 | 108 | 111 | |||
Cash and cash equivalents | 125 | 113 | 150 | 82 | 108 | 111 | |||
Receivables | 933 | 915 | 879 | 888 | 950 | 945 | |||
Inventory, net of allowances, customer advances and progress billings | 1,729 | 1,700 | 1,606 | 1,564 | 1,533 | 1,504 | |||
Inventory | 1,729 | 1,700 | 1,606 | 1,564 | 1,533 | 1,504 | |||
Other current assets | 114 | 84 | 71 | 108 | 93 | 97 | |||
Total current assets: | 2,901 | 2,812 | 2,706 | 2,642 | 2,684 | 2,657 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 159 | ||||||||
Property, plant and equipment | 4,509 | 4,601 | 4,675 | ||||||
Intangible assets, net (including goodwill) | 2,741 | 2,763 | 2,696 | 2,680 | 2,762 | 2,837 | |||
Goodwill | 2,048 | 2,053 | 1,979 | 1,942 | 1,974 | 2,006 | |||
Intangible assets, net (excluding goodwill) | 693 | 710 | 717 | 738 | 788 | 831 | |||
Other noncurrent assets | 344 | 346 | 347 | 351 | 350 | 374 | |||
Other undisclosed noncurrent assets | 4,753 | 4,678 | 4,420 | ||||||
Total noncurrent assets: | 7,838 | 7,787 | 7,622 | 7,540 | 7,713 | 7,886 | |||
TOTAL ASSETS: | 10,739 | 10,599 | 10,328 | 10,182 | 10,397 | 10,543 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,674 | 1,678 | 1,880 | 2,036 | 1,998 | 1,660 | |||
Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 39 | 53 | 37 | ||
Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 265 | 229 | 201 | ||
Accounts payable | 996 | 1,009 | 1,123 | 999 | 1,008 | 1,028 | |||
Accrued liabilities | 678 | 669 | 757 | 733 | 708 | 394 | |||
Debt | 463 | 57 | 53 | 300 | 292 | 286 | |||
Other undisclosed current liabilities | (304) | (282) | |||||||
Total current liabilities: | 2,137 | 1,735 | 1,933 | 2,032 | 2,008 | 1,946 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 5,046 | 5,463 | 5,200 | 5,195 | 5,506 | 5,645 | |||
Long-term debt, excluding current maturities | 5,046 | 5,463 | 5,200 | 5,195 | 5,506 | 5,645 | |||
Finance lease, liability | 159 | ||||||||
Other undisclosed long-term debt and lease obligation | (159) | ||||||||
Liabilities, other than long-term debt | 1,106 | 1,091 | 1,045 | 997 | 991 | 1,001 | |||
Deferred income tax liabilities | 708 | 697 | 668 | 635 | 612 | 598 | |||
Liability, pension and other postretirement and postemployment benefits | 112 | 112 | 111 | 112 | 128 | 132 | |||
Other liabilities | 286 | 282 | 266 | 250 | 251 | 271 | |||
Total noncurrent liabilities: | 6,152 | 6,554 | 6,245 | 6,192 | 6,497 | 6,646 | |||
Total liabilities: | 8,289 | 8,289 | 8,178 | 8,224 | 8,505 | 8,592 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 2,449 | 2,308 | 2,149 | 1,956 | 1,890 | 1,949 | |||
Additional paid in capital | 2,052 | 2,040 | 2,054 | 2,046 | 2,044 | 2,038 | |||
Accumulated other comprehensive loss | (349) | (358) | (377) | (439) | (345) | (242) | |||
Retained earnings | 743 | 623 | 469 | 346 | 188 | 150 | |||
Other undisclosed equity, attributable to parent | 3 | 3 | 3 | 3 | 3 | 3 | |||
Equity, attributable to noncontrolling interest | 1 | 2 | 1 | 2 | 2 | 2 | |||
Total equity: | 2,450 | 2,310 | 2,150 | 1,958 | 1,892 | 1,951 | |||
TOTAL LIABILITIES AND EQUITY: | 10,739 | 10,599 | 10,328 | 10,182 | 10,397 | 10,543 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 2,392 | 2,438 | 2,386 | 2,451 | 2,358 | 2,245 | ||
Cost of revenue (Cost of Goods and Services Sold) | (1,886) | (1,878) | (1,895) | (1,940) | (1,917) | (1,858) | ||
Gross profit: | 506 | 560 | 491 | 511 | 441 | 387 | ||
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: | 267 | 330 | 268 | 293 | 152 | 193 | ||
Nonoperating income (expense) (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | (1) | 2 | 2 | 1 | 2 | |||
Interest and debt expense | (60) | (58) | (54) | (53) | (48) | (42) | ||
Income from continuing operations before income taxes: | 207 | 271 | 216 | 242 | 105 | 153 | ||
Income tax expense | (57) | (64) | (60) | (49) | (39) | (46) | ||
Income from continuing operations: | 150 | 207 | 156 | 193 | 66 | 107 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 193 | 66 | 107 | |
Net income available to common stockholders, diluted: | 150 | 207 | 156 | 193 | 66 | 107 |
Comprehensive Income ($ in millions)Annual | Quarterly
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: | 150 | 207 | 156 | 193 | 66 | 107 | ||
Other comprehensive income (loss) | 8 | 20 | 61 | (94) | (103) | (18) | ||
Comprehensive income (loss): | 158 | 227 | 217 | 99 | (37) | 89 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | (1) | 1 | |||||
Comprehensive income (loss), net of tax, attributable to parent: | 159 | 226 | 218 | 99 | (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.