Packaging Corporation of America (PKG) financial statements (2021 and earlier)

Company profile

Business Address 1955 W FIELD CT
LAKE FOREST, IL 60045
State of Incorp.
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
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,080767362217239184125
Cash and cash equivalents975680362217239184125
Short-term investments10688     
Receivables838872919900703665651
Inventory, net of allowances, customer advances and progress billings788794796763724677665
Inventory788794796763724677665
Other undisclosed current assets454539363029138
Total current assets:2,7502,4782,1151,9151,6961,5551,579
Noncurrent Assets
Operating lease, right-of-use asset234234
Property, plant and equipment3,1933,1523,1092,9252,8962,8322,858
Long-term investments and receivables4358     
Long-term investments4358     
Intangible assets, net (including goodwill)1,1591,2581,2961,2931,105815840
Goodwill864919917883738544547
Intangible assets, net (excluding goodwill)296339378410367271294
Other noncurrent assets53565164808372
Total noncurrent assets:4,6834,7574,4554,2824,0813,7303,770
TOTAL ASSETS:7,4337,2366,5706,1985,7775,2855,349
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities712660692681598554734
Accounts payable387352382403324294331
Accrued liabilities216218222203201194220
Employee-related liabilities      131
Interest and dividends payable109908875736753
Debt26411512788
Estimated litigation liability      1
Accrued environmental loss contingencies      7
Other undisclosed current liabilities69     (139)
Total current liabilities:783724694833625562611
Noncurrent Liabilities
Long-term debt and lease obligation2,6672,6702,5012,4992,6402,3242,372
Long-term debt, excluding current maturities2,4792,4772,4842,4802,6202,3032,349
Finance lease, liability1416
Capital lease obligations1819202223
Operating lease, liability174178
Liabilities, other than long-term debt737431702683752765844
Deferred tax liabilities, net285240335347410
Deferred income tax liabilities379 
Liability, pension and other postretirement and postemployment benefits298376358373357359362
Other liabilities59556071606073
Other undisclosed noncurrent liabilities 340     
Total noncurrent liabilities:3,4043,4413,2043,1823,3923,0893,216
Total liabilities:4,1874,1653,8974,0154,0173,6513,827
Stockholders' equity
Stockholders' equity attributable to parent3,2463,0712,6722,1831,7601,6331,521
Common stock1111111
Additional paid in capital554525495471451440432
Accumulated other comprehensive loss(145)(160)(139)(157)(140)(125)(154)
Retained earnings2,8362,7052,3161,8671,4471,3171,242
Total stockholders' equity:3,2463,0712,6722,1831,7601,6331,521
TOTAL LIABILITIES AND EQUITY:7,4337,2366,5706,1985,7775,2855,349

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6,6586,9647,0156,4455,7795,7425,853
Revenue, net6,4455,7795,7425,853
Cost of revenue
(Cost of Goods and Services Sold)
(5,289)(5,320)(5,369)(4,973)(4,503)(4,534)(4,623)
Gross profit:1,3691,6441,6451,4721,2761,2081,230
Operating expenses(590)(590)(578)(541)(471)(451)(560)
Other operating expense, net    (24)(7)(57)
Other undisclosed operating income (loss)(55)     90
Operating income:7241,0541,068931780750703
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
2(8)     
Interest and debt expense(2)(22)(3)(2)(2)(2)(5)
Income from continuing operations before equity method investments, income taxes:7241,0241,065929778748698
Other undisclosed loss from continuing operations before income taxes(92)(107)(95)(101)(90)(84)(84)
Income from continuing operations before income taxes:633917971829689665614
Income tax expense(172)(221)(233)(160)(239)(228)(222)
Net income attributable to parent:461696738669450437393
Other undisclosed net loss available to common stockholders, basic(4)(5)(6)(6)(4)(5)(6)
Net income available to common stockholders, diluted:457691732663445432387

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:461696738669450437393
Other comprehensive income (loss)   (17)(15)29(89)
Comprehensive income:461696738651435466304
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15(21)18    
Comprehensive income, net of tax, attributable to parent:476676756651435466304

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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