Graphic Packaging Holding Company (GPK) financial statements (2022 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 172 | 179 | 153 | 71 | 67 | 59 | ||
| Cash and cash equivalents | 172 | 179 | 153 | 71 | 67 | 59 | ||
| Receivables | 859 | 654 | 505 | 573 | 423 | 427 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,387 | 1,128 | 1,096 | 1,014 | 634 | 583 | ||
| Inventory | 1,387 | 1,128 | 1,096 | 1,014 | 634 | 583 | ||
| Other current assets | 84 | 59 | 52 | 106 | 46 | 46 | ||
| Total current assets: | 2,502 | 2,020 | 1,806 | 1,764 | 1,170 | 1,115 | ||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset | 125 | 122 | 130 | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 258 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 3,240 | 1,867 | 1,752 | |||||
| Intangible assets, net (including goodwill) | 2,883 | 1,915 | 1,955 | 1,984 | 1,760 | 1,706 | ||
| Goodwill | 2,015 | 1,478 | 1,478 | 1,461 | 1,323 | 1,260 | ||
| Intangible assets, net (excluding goodwill) | 868 | 437 | 477 | 524 | 437 | 445 | ||
| Other noncurrent assets | 395 | 310 | 275 | 71 | 66 | 31 | ||
| Other undisclosed noncurrent assets | 4,294 | 3,438 | 3,124 | |||||
| Total noncurrent assets: | 7,955 | 5,784 | 5,484 | 5,295 | 3,693 | 3,489 | ||
| TOTAL ASSETS: | 10,457 | 7,805 | 7,290 | 7,059 | 4,863 | 4,603 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 1,770 | 1,359 | 1,148 | 1,120 | 790 | 716 | ||
| Accounts payable | 1,125 | 825 | 716 | 712 | 517 | 467 | ||
| Accrued liabilities | 399 | 291 | 239 | 241 | 145 | 127 | ||
| Employee-related liabilities | 211 | 213 | 168 | 154 | 113 | 107 | ||
| Interest and dividends payable | 35 | 30 | 25 | 14 | 15 | 15 | ||
| Debt | 279 | 497 | 50 | 52 | 61 | 63 | ||
| Total current liabilities: | 2,049 | 1,857 | 1,199 | 1,172 | 851 | 780 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 5,515 | 3,147 | 2,810 | 2,905 | 2,213 | 2,089 | ||
| Long-term debt, excluding current maturities | 5,515 | 3,147 | 2,810 | 2,905 | 2,213 | 2,089 | ||
| Finance lease, liability | 139 | 134 | 130 | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 152 | ✕ | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | (139) | (134) | (281) | |||||
| Liabilities, other than long-term debt | 1,000 | 961 | 919 | 225 | 185 | 679 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 408 | ||||
| Deferred income tax liabilities | 579 | 540 | 512 | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 139 | 130 | 140 | 108 | 80 | 203 | ||
| Other liabilities | 282 | 291 | 267 | 118 | 105 | 68 | ||
| Other undisclosed noncurrent liabilities | 462 | 322 | ||||||
| Total noncurrent liabilities: | 6,515 | 4,108 | 3,729 | 3,593 | 2,720 | 2,767 | ||
| Total liabilities: | 8,564 | 5,964 | 4,928 | 4,765 | 3,571 | 3,547 | ||
| Temporary equity, carrying amount | 304 | 276 | ||||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 1,891 | 1,424 | 1,570 | 1,580 | 1,292 | 1,057 | ||
| Additional paid in capital | 2,046 | 1,715 | 1,877 | 1,944 | 1,684 | 1,709 | ||
| Accumulated other comprehensive loss | (224) | (246) | (366) | (378) | (339) | (388) | ||
| Retained earnings (accumulated deficit) | 66 | (47) | 56 | 10 | (56) | (268) | ||
| Other undisclosed stockholders' equity attributable to parent | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 416 | 488 | 439 | ||||
| Total stockholders' equity: | 1,893 | 1,840 | 2,058 | 2,019 | 1,292 | 1,057 | ||
| TOTAL LIABILITIES AND EQUITY: | 10,457 | 7,805 | 7,290 | 7,059 | 4,863 | 4,603 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 7,156 | 6,560 | 6,160 | 6,023 | 4,404 | 4,298 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 4,404 | 4,298 | |
| Cost of revenue (Cost of Goods and Services Sold) | (6,085) | (5,460) | (5,068) | (5,077) | (3,684) | (3,506) | |
| Gross profit: | 1,071 | 1,100 | 1,093 | 946 | 720 | 792 | |
| Operating expenses | (528) | (513) | (512) | (466) | (359) | (377) | |
| Other operating income (expense), net | 2 | (2) | (9) | (7) | (3) | (3) | |
| Other undisclosed operating loss | (138) | (61) | (38) | (15) | (15) | (16) | |
| Operating income: | 407 | 524 | 534 | 458 | 343 | 396 | |
| Nonoperating income (expense) (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | 5 | (152) | (40) | 15 | |||
| Interest and debt expense | (123) | (129) | (141) | (126) | (90) | (77) | |
| Income from continuing operations before equity method investments, income taxes: | 289 | 244 | 354 | 348 | 253 | 319 | |
| Income from equity method investments | 1 | 1 | 0 | 1 | 2 | 2 | |
| Other undisclosed loss from continuing operations before income taxes | (1) | ||||||
| Income from continuing operations before income taxes: | 289 | 245 | 354 | 349 | 255 | 321 | |
| Income tax expense (benefit) | (74) | (42) | (76) | (55) | 46 | (93) | |
| Income before gain (loss) on sale of properties: | 215 | 203 | 278 | 294 | 300 | 228 | |
| Other undisclosed net income | 1 | ||||||
| Net income: | 216 | 203 | 278 | 294 | 300 | 228 | |
| Net loss attributable to noncontrolling interest | (12) | (36) | (71) | (73) | |||
| Net income available to common stockholders, diluted: | 204 | 167 | 207 | 221 | 300 | 228 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 216 | 203 | 278 | 294 | 300 | 228 | |
| Other comprehensive income (loss) | 23 | 161 | (51) | 49 | (42) | ||
| Comprehensive income: | 239 | 364 | 278 | 243 | 349 | 186 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (12) | (36) | (71) | (73) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | (41) | 12 | 12 | |||
| Comprehensive income, net of tax, attributable to parent: | 226 | 287 | 219 | 182 | 349 | 186 | |
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.