Packaging Corporation of America (PKG) Financial Statements (2023 and Earlier)

Company Profile

Business Address 1955 W FIELD CT
LAKE FOREST, IL 60045
State of Incorp.
Fiscal Year End December 31
Industry (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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7051,080767362217239184
Cash and cash equivalents619975680362217239184
Short-term investments8610688    
Receivables1,078838872919900703665
Inventory, net of allowances, customer advances and progress billings903788794796763724677
Inventory903788794796763724677
Other undisclosed current assets47454539363029
Total current assets:2,7332,7502,4782,1151,9151,6961,555
Noncurrent Assets
Operating lease, right-of-use asset238234234
Property, plant and equipment3,5293,1933,1523,1092,9252,8962,832
Long-term investments and receivables604358    
Long-term investments604358    
Intangible assets, net (including goodwill)1,2321,1591,2581,2961,2931,105815
Goodwill924864919917883738544
Intangible assets, net (excluding goodwill)308296339378410367271
Other noncurrent assets45535651648083
Total noncurrent assets:5,1044,6834,7574,4554,2824,0813,730
TOTAL ASSETS:7,8377,4337,2366,5706,1985,7775,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities816712660692681598554
Accounts payable452387352382403324294
Accrued liabilities255216218222203201194
Interest and dividends payable1091099088757367
Debt22641151278
Other undisclosed current liabilities6769     
Total current liabilities:885783724694833625562
Noncurrent Liabilities
Long-term debt and lease obligation2,6642,6672,6702,5012,4992,6402,324
Long-term debt, excluding current maturities2,4722,4792,4772,4842,4802,6202,303
Finance lease, liability131416
Capital lease obligations18192022
Operating lease, liability179174178
Liabilities, other than long-term debt681737431702683752765
Deferred tax liabilities, net285240335347
Deferred income tax liabilities466379 
Liability, pension and other postretirement and postemployment benefits157298376358373357359
Other liabilities58595560716060
Other undisclosed noncurrent liabilities  340    
Total noncurrent liabilities:3,3453,4043,4413,2043,1823,3923,089
Total liabilities:4,2304,1874,1653,8974,0154,0173,651
Stockholders' equity
Stockholders' equity attributable to parent3,6073,2463,0712,6722,1831,7601,633
Common stock1111111
Additional paid in capital579554525495471451440
Accumulated other comprehensive loss(75)(145)(160)(139)(157)(140)(125)
Retained earnings3,1022,8362,7052,3161,8671,4471,317
Total stockholders' equity:3,6073,2463,0712,6722,1831,7601,633
TOTAL LIABILITIES AND EQUITY:7,8377,4337,2366,5706,1985,7775,285

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,7306,6586,9647,0156,4455,7795,742
Revenue, net6,4455,7795,742
Cost of revenue
(Cost of Goods and Services Sold)
(5,857)(5,289)(5,320)(5,369)(4,973)(4,503)(4,534)
Gross profit:1,8731,3691,6441,6451,4721,2761,208
Operating expenses(632)(590)(590)(578)(541)(471)(451)
Other operating expense, net     (24)(7)
Other undisclosed operating loss (55)     
Operating income:1,2417241,0541,068931780750
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
202(8)    
Interest and debt expense(56)(2)(22)(3)(2)(2)(2)
Income from continuing operations before equity method investments, income taxes:1,2057241,0241,065929778748
Other undisclosed loss from continuing operations before income taxes(96)(92)(107)(95)(101)(90)(84)
Income from continuing operations before income taxes:1,109633917971829689665
Income tax expense(268)(172)(221)(233)(160)(239)(228)
Net income attributable to parent:841461696738669450437
Other undisclosed net loss available to common stockholders, basic(6)(4)(5)(6)(6)(4)(5)
Net income available to common stockholders, diluted:835457691732663445432

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:841461696738669450437
Other comprehensive income (loss)    (17)(15)29
Comprehensive income:841461696738651435466
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6915(21)18   
Comprehensive income, net of tax, attributable to parent:910476676756651435466

Statements Sources

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