Packaging Corporation of America (PKG) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments767362217239184125191
Cash and cash equivalents680362217239184125191
Short-term investments88      
Receivables872919900703665651643
Inventory, net of allowances, customer advances and progress billings794796763724677665523
Inventory794796763724677665523
Income taxes receivable23
Other undisclosed current assets4539363029138108
Total current assets:2,4782,1151,9151,6961,5551,5791,487
Noncurrent Assets
Operating lease, right-of-use asset234
Property, plant and equipment3,1523,1092,9252,8962,8322,8582,806
Long-term investments and receivables58      
Long-term investments58      
Intangible assets, net (including goodwill)1,2581,2961,2931,105815840837
Goodwill919917883738544547527
Intangible assets, net (excluding goodwill)339378410367271294311
Other noncurrent assets56516480837270
Total noncurrent assets:4,7574,4554,2824,0813,7303,7703,713
TOTAL ASSETS:7,2366,5706,1985,7775,2855,3495,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities660692681598554734571
Accounts payable352382403324294331357
Accrued liabilities218222203201194220214
Employee-related liabilities     131 
Interest and dividends payable908875736753 
Debt641151278840
Estimated litigation liability     1 
Accrued environmental loss contingencies     7 
Asset retirement obligation      4
Other undisclosed current liabilities     (139)45
Total current liabilities:724694833625562611661
Noncurrent Liabilities
Long-term debt and lease obligation2,6702,5012,4992,6402,3242,3722,533
Long-term debt, excluding current maturities2,4772,4842,4802,6202,3032,3492,509
Finance lease, liability16
Capital lease obligations181920222324
Operating lease, liability178
Liabilities, other than long-term debt431702683752765844694
Pension and other postretirement defined benefit plans, liabilities194
Deferred tax liabilities, net285240335347410435
Liability, pension and other postretirement and postemployment benefits376358373357359362
Other liabilities55607160607365
Other undisclosed noncurrent liabilities340      
Total noncurrent liabilities:3,4413,2043,1823,3923,0893,2163,226
Total liabilities:4,1653,8974,0154,0173,6513,8273,887
Stockholders' equity
Stockholders' equity attributable to parent3,0712,6722,1831,7601,6331,5211,313
Common stock1111111
Additional paid in capital525495471451440432402
Accumulated other comprehensive loss(160)(139)(157)(140)(125)(154)(65)
Retained earnings2,7052,3161,8671,4471,3171,242975
Total stockholders' equity:3,0712,6722,1831,7601,6331,5211,313
TOTAL LIABILITIES AND EQUITY:7,2366,5706,1985,7775,2855,3495,200

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,9647,0156,4455,7795,7425,8533,665
Revenue, net6,4455,7795,7425,8533,665
Cost of revenue
(Cost of Goods and Services Sold)
(5,320)(5,369)(4,973)(4,503)(4,534)(4,623)(2,806)
Gross profit:1,6441,6451,4721,2761,2081,230859
Operating expenses(590)(578)(541)(471)(451)(560)(399)
Other operating expense, net   (24)(7)(57)(59)
Other undisclosed operating income     9073
Operating income:1,0541,068931780750703474
Nonoperating expense
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(8)      
Interest and debt expense(22)(3)(2)(2)(2)(5) 
Income from continuing operations before equity method investments, income taxes:1,0241,065929778748698474
Other undisclosed loss from continuing operations before income taxes(107)(95)(101)(90)(84)(84)(58)
Income from continuing operations before income taxes:917971829689665614415
Income tax expense (benefit)(221)(233)(160)(239)(228)(222)21
Net income attributable to parent:696738669450437393436
Other undisclosed net loss available to common stockholders, basic(5)(6)(6)(4)(5)(6) 
Net income available to common stockholders, diluted:691732663445432387436

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:696738669450437393436
Other comprehensive income (loss)  (17)(15)29(89)49
Comprehensive income:696738651435466304485
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(21)18     
Comprehensive income, net of tax, attributable to parent:676756651435466304485

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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