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 investments172179153716759
Cash and cash equivalents172179153716759
Receivables859654505573423427
Inventory, net of allowances, customer advances and progress billings1,3871,1281,0961,014634583
Inventory1,3871,1281,0961,014634583
Other current assets8459521064646
Total current assets:2,5022,0201,8061,7641,1701,115
Noncurrent Assets
Finance lease, right-of-use asset125122130
Operating lease, right-of-use asset258  
Property, plant and equipment   3,2401,8671,752
Intangible assets, net (including goodwill)2,8831,9151,9551,9841,7601,706
Goodwill2,0151,4781,4781,4611,3231,260
Intangible assets, net (excluding goodwill)868437477524437445
Other noncurrent assets395310275716631
Other undisclosed noncurrent assets4,2943,4383,124   
Total noncurrent assets:7,9555,7845,4845,2953,6933,489
TOTAL ASSETS:10,4577,8057,2907,0594,8634,603
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7701,3591,1481,120790716
Accounts payable1,125825716712517467
Accrued liabilities399291239241145127
Employee-related liabilities211213168154113107
Interest and dividends payable353025141515
Debt27949750526163
Total current liabilities:2,0491,8571,1991,172851780
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,5153,1472,8102,9052,2132,089
Long-term debt, excluding current maturities5,5153,1472,8102,9052,2132,089
Finance lease, liability139134130
Operating lease, liability  152
Other undisclosed long-term debt and lease obligation(139)(134)(281)   
Liabilities, other than long-term debt1,000961919225185679
Deferred tax liabilities, net  408
Deferred income tax liabilities579540512
Liability, pension and other postretirement and postemployment benefits13913014010880203
Other liabilities28229126711810568
Other undisclosed noncurrent liabilities   462322 
Total noncurrent liabilities:6,5154,1083,7293,5932,7202,767
Total liabilities:8,5645,9644,9284,7653,5713,547
Temporary equity, carrying amount  304276  
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8911,4241,5701,5801,2921,057
Additional paid in capital2,0461,7151,8771,9441,6841,709
Accumulated other comprehensive loss(224)(246)(366)(378)(339)(388)
Retained earnings (accumulated deficit)66(47)5610(56)(268)
Other undisclosed stockholders' equity attributable to parent333333
Stockholders' equity attributable to noncontrolling interest2416488439  
Total stockholders' equity:1,8931,8402,0582,0191,2921,057
TOTAL LIABILITIES AND EQUITY:10,4577,8057,2907,0594,8634,603

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues7,1566,5606,1606,0234,4044,298
Revenue, net4,4044,298
Cost of revenue
(Cost of Goods and Services Sold)
(6,085)(5,460)(5,068)(5,077)(3,684)(3,506)
Gross profit:1,0711,1001,093946720792
Operating expenses(528)(513)(512)(466)(359)(377)
Other operating income (expense), net2(2)(9)(7)(3)(3)
Other undisclosed operating loss(138)(61)(38)(15)(15)(16)
Operating income:407524534458343396
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:289244354348253319
Income from equity method investments110122
Other undisclosed loss from continuing operations before income taxes(1)     
Income from continuing operations before income taxes:289245354349255321
Income tax expense (benefit)(74)(42)(76)(55)46(93)
Income before gain (loss) on sale of properties:215203278294300228
Other undisclosed net income1     
Net income:216203278294300228
Net loss attributable to noncontrolling interest(12)(36)(71)(73)  
Net income available to common stockholders, diluted:204167207221300228

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:216203278294300228
Other comprehensive income (loss)23161 (51)49(42)
Comprehensive income:239364278243349186
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)1212  
Comprehensive income, net of tax, attributable to parent:226287219182349186

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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