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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1537167595582
Cash and cash equivalents1537167595582
Receivables505573423427424408
Inventory, net of allowances, customer advances and progress billings1,0961,014634583557522
Inventory1,0961,014634583557522
Prepaid expense     30
Derivative instruments and hedges, assets     2
Other current assets5210646463132
Other undisclosed current assets     145
Total current assets:1,8061,7641,1701,1151,0671,221
Noncurrent Assets
Finance lease, right-of-use asset130
Property, plant and equipment 3,2401,8671,7521,5861,547
Long-term investments and receivables     10
Accounts and financing receivable, after allowance for credit loss     10
Intangible assets, net (including goodwill)1,9551,9841,7601,7061,5551,504
Goodwill1,4781,4611,3231,2601,1681,118
Intangible assets, net (excluding goodwill)477524437445387386
Deferred costs     24
Other noncurrent assets2757166314860
Defined benefit plan, assets for plan benefits  0
Deferred tax assets, net    (302)
Other undisclosed noncurrent assets3,124    267
Total noncurrent assets:5,4845,2953,6933,4893,1893,110
TOTAL ASSETS:7,2907,0594,8634,6034,2564,331
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1481,120790716696645
Accounts payable716712517467458425
Accrued liabilities23924114512710992
Employee-related liabilities168154113107120119
Interest and dividends payable2514151599
Debt505261633732
Derivative instruments and hedges, liabilities     16
Customer refund liability     7
Deferred revenue and credits   15
Other undisclosed current liabilities     (37)
Total current liabilities:1,1991,172851780732677
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,8102,9052,2132,0891,8391,942
Long-term debt, excluding current maturities2,8102,9052,2132,0891,8391,942
Finance lease, liability130
Operating lease, liability152
Other undisclosed long-term debt and lease obligation(281)     
Liabilities, other than long-term debt919225185679583719
Deferred revenue and credits   6
Accounts payable and accrued liabilities     13
Deferred tax liabilities, net  408267309
Deferred income tax liabilities512
Liability, pension and other postretirement and postemployment benefits14010880203247313
Other liabilities267118105686978
Other undisclosed noncurrent liabilities 462322  (19)
Total noncurrent liabilities:3,7293,5932,7202,7672,4222,642
Total liabilities:4,9284,7653,5713,5473,1543,319
Temporary equity, carrying amount304276    
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5701,5801,2921,0571,1021,012
Additional paid in capital1,8771,9441,6841,7091,7711,797
Accumulated other comprehensive loss(366)(378)(339)(388)(346)(335)
Retained earnings (accumulated deficit)5610(56)(268)(327)(453)
Other undisclosed stockholders' equity attributable to parent333333
Stockholders' equity attributable to noncontrolling interest488439    
Total stockholders' equity:2,0582,0191,2921,0571,1021,012
TOTAL LIABILITIES AND EQUITY:7,2907,0594,8634,6034,2564,331

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6,1606,0234,4044,2984,1604,241
Revenue, net4,4044,2984,1604,241
Cost of revenue
(Cost of Goods and Services Sold)
(5,068)(5,077)(3,684)(3,506)(3,371)(3,453)
Gross profit:1,093946720792789787
Operating expenses(512)(466)(359)(377)(362)(573)
Other operating income (expense), net(9)(7)(3)(3)84
Other undisclosed operating income (loss)(38)(15)(15)(16)(8)10
Operating income:534458343396427228
Nonoperating income (expense)(40)15   (1)
Foreign currency transaction loss, before tax     (1)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(40)15
Interest and debt expense(141)(126)(90)(77)(68)(95)
Other undisclosed income from continuing operations before equity method investments, income taxes     1
Income from continuing operations before equity method investments, income taxes:354348253319359133
Income from equity method investments012212
Income from continuing operations before income taxes:354349255321361134
Income tax expense (benefit)(76)(55)46(93)(130)(45)
Net income:27829430022823089
Net income (loss) attributable to noncontrolling interest(71)(73)   1
Net income available to common stockholders, diluted:20722130022823090

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:27829430022823089
Other comprehensive income (loss) (51)49(42)(11)(146)
Other undisclosed comprehensive income     0
Comprehensive income (loss):278243349186219(57)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(71)(73)   0
Other undisclosed comprehensive income, net of tax, attributable to parent1212    
Comprehensive income (loss), net of tax, attributable to parent:219182349186219(57)

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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