PACKAGING CORP OF AMERICA (PKG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1955 W FIELD CT
LAKE FOREST, IL 60045
State of Incorp.
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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,142677579463405726
Cash and cash equivalents648573477368320649
Short-term investments494104102968578
Receivables1,0381,0451,0241,0311,0681,119
Inventory, net of allowances, customer advances and progress billings1,0139869921,003977995
Inventory1,0139869921,003977995
Other undisclosed current assets626576875867
Total current assets:3,2542,7732,6712,5852,5082,908
Noncurrent Assets
Operating lease, right-of-use asset280279286289298287
Property, plant and equipment3,8643,8633,8873,8973,9003,813
Long-term investments and receivables644951576567
Long-term investments644951576567
Intangible assets, net (including goodwill)1,1521,1621,1711,1811,1901,200
Goodwill922922922922922922
Intangible assets, net (excluding goodwill)230239249258268277
Other noncurrent assets675141414270
Total noncurrent assets:5,4275,4045,4365,4645,4965,437
TOTAL ASSETS:8,6818,1788,1078,0498,0048,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6566515865956741,036
Interest and dividends payable144
Employee-related liabilities147
Accounts payable402406366411410485
Accrued liabilities254245220185264260
Debt4024022222
Other undisclosed current liabilities208226210232200(74)
Total current liabilities:1,2661,279798829876963
Noncurrent Liabilities
Long-term debt and lease obligation2,4812,0852,4852,4842,4842,706
Long-term debt, excluding current maturities2,4722,0762,4752,4742,4742,473
Finance lease, liability9910101111
Liabilities, other than long-term debt937927976978977704
Deferred income tax liabilities558537539546543514
Liability, pension and other postretirement and postemployment benefits106116154149142129
Other liabilities616062585761
Operating lease, liability212213222225235221
Total noncurrent liabilities:3,4183,0123,4603,4623,4613,410
Total liabilities:4,6844,2904,2584,2914,3374,373
Equity
Equity, attributable to parent3,9973,8873,8493,7583,6673,971
Common stock111111
Additional paid in capital620613607598582601
Accumulated other comprehensive loss(71)(97)(99)(100)(102)(74)
Retained earnings3,4473,3713,3393,2593,1873,444
Total equity:3,9973,8873,8493,7583,6673,971
TOTAL LIABILITIES AND EQUITY:8,6818,1788,1078,0498,0048,344

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues1,9381,9361,9521,9761,9782,126
Cost of revenue
(Cost of Goods and Services Sold)
(1,528)(1,523)(1,507)(1,545)(1,528)(1,608)
Gross profit:410413445431450518
Operating expenses(149)(154)(160)(161)(162)(158)
Operating income:262259284271288360
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(2)(2)(2)(2)44
Other undisclosed loss from continuing operations before equity method investments, income taxes (1)   (1) 
Income from continuing operations before equity method investments, income taxes:259257282269290364
Other undisclosed loss from continuing operations before income taxes(10)(12)(15)(15)(14)(17)
Income from continuing operations before income taxes:249245268253277347
Income tax expense(59)(61)(65)(63)(65)(85)
Income from continuing operations:189183203190212263
Income before gain (loss) on sale of properties:263
Net income attributable to parent:189183203190212263
Other undisclosed net loss available to common stockholders, basic(1)(1)(2)(2)(2)(2)
Net income available to common stockholders, diluted:188182201189210261

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:189183203190212263
Comprehensive income:189183203190212263
Other undisclosed comprehensive income (loss), net of tax, attributable to parent26222(29)1
Comprehensive income, net of tax, attributable to parent:215185204192183263

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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