Graphic Packaging Holding Company (GPK) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17915371675955
Cash and cash equivalents17915371675955
Receivables654505573423427424
Inventory, net of allowances, customer advances and progress billings1,1281,0961,014634583557
Inventory1,1281,0961,014634583557
Other current assets5952106464631
Total current assets:2,0201,8061,7641,1701,1151,067
Noncurrent Assets
Finance lease, right-of-use asset122130
Property, plant and equipment  3,2401,8671,7521,586
Intangible assets, net (including goodwill)1,9151,9551,9841,7601,7061,555
Goodwill1,4781,4781,4611,3231,2601,168
Intangible assets, net (excluding goodwill)437477524437445387
Other noncurrent assets31027571663148
Other undisclosed noncurrent assets3,4383,124    
Total noncurrent assets:5,7845,4845,2953,6933,4893,189
TOTAL ASSETS:7,8057,2907,0594,8634,6034,256
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3591,1481,120790716696
Accounts payable825716712517467458
Accrued liabilities291239241145127109
Employee-related liabilities213168154113107120
Interest and dividends payable30251415159
Debt4975052616337
Total current liabilities:1,8571,1991,172851780732
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1472,8102,9052,2132,0891,839
Long-term debt, excluding current maturities3,1472,8102,9052,2132,0891,839
Finance lease, liability134130
Operating lease, liability 152
Other undisclosed long-term debt and lease obligation(134)(281)    
Liabilities, other than long-term debt961919225185679583
Deferred tax liabilities, net  408267
Deferred income tax liabilities540512
Liability, pension and other postretirement and postemployment benefits13014010880203247
Other liabilities2912671181056869
Other undisclosed noncurrent liabilities  462322  
Total noncurrent liabilities:4,1083,7293,5932,7202,7672,422
Total liabilities:5,9644,9284,7653,5713,5473,154
Temporary equity, carrying amount 304276   
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4241,5701,5801,2921,0571,102
Additional paid in capital1,7151,8771,9441,6841,7091,771
Accumulated other comprehensive loss(246)(366)(378)(339)(388)(346)
Retained earnings (accumulated deficit)(47)5610(56)(268)(327)
Other undisclosed stockholders' equity attributable to parent333333
Stockholders' equity attributable to noncontrolling interest416488439   
Total stockholders' equity:1,8402,0582,0191,2921,0571,102
TOTAL LIABILITIES AND EQUITY:7,8057,2907,0594,8634,6034,256

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,5606,1606,0234,4044,2984,160
Revenue, net4,4044,2984,160
Cost of revenue
(Cost of Goods and Services Sold)
(5,460)(5,068)(5,077)(3,684)(3,506)(3,371)
Gross profit:1,1001,093946720792789
Operating expenses(513)(512)(466)(359)(377)(362)
Other operating income (expense), net(2)(9)(7)(3)(3)8
Other undisclosed operating loss(61)(38)(15)(15)(16)(8)
Operating income:524534458343396427
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(152)(40)15   
Interest and debt expense(129)(141)(126)(90)(77)(68)
Income from continuing operations before equity method investments, income taxes:244354348253319359
Income from equity method investments101221
Income from continuing operations before income taxes:245354349255321361
Income tax expense (benefit)(42)(76)(55)46(93)(130)
Net income:203278294300228230
Net loss attributable to noncontrolling interest(36)(71)(73)   
Net income available to common stockholders, diluted:167207221300228230

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:203278294300228230
Other comprehensive income (loss)161 (51)49(42)(11)
Comprehensive income:364278243349186219
Comprehensive loss, net of tax, attributable to noncontrolling interest(36)(71)(73)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(41)1212   
Comprehensive income, net of tax, attributable to parent:287219182349186219

Statements sources

The financial statements are based on the company's filings with the 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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