$GPK
GRAPHIC PACKAGING HOLDING CO

2023 Q3 Form 10-Q Financial Statement

#000140807523000031 Filed on August 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $2.349B $2.392B
YoY Change -4.16% 1.44%
Cost Of Revenue $1.799B $1.856B
YoY Change -7.27% -3.18%
Gross Profit $550.0M $536.0M
YoY Change 7.63% 21.54%
Gross Profit Margin 23.41% 22.41%
Selling, General & Admin $220.0M $205.0M
YoY Change 8.37% 10.81%
% of Gross Profit 40.0% 38.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $161.0M $165.0M
YoY Change 17.52% 18.71%
% of Gross Profit 29.27% 30.78%
Operating Expenses $220.0M $220.0M
YoY Change 8.37% 18.92%
Operating Profit $287.0M $316.0M
YoY Change -2.05% 107.89%
Interest Expense $62.00M -$60.00M
YoY Change 16.98% -225.0%
% of Operating Profit 21.6% -18.99%
Other Income/Expense, Net -$1.000M $0.00
YoY Change -150.0% -100.0%
Pretax Income $224.0M $207.0M
YoY Change -7.44% 97.14%
Income Tax $54.00M $57.00M
% Of Pretax Income 24.11% 27.54%
Net Earnings $170.0M $150.0M
YoY Change -11.92% 127.27%
Net Earnings / Revenue 7.24% 6.27%
Basic Earnings Per Share $0.55 $0.49
Diluted Earnings Per Share $0.55 $0.49
COMMON SHARES
Basic Shares Outstanding 307.2M shares 307.1M shares
Diluted Shares Outstanding 309.2M shares 309.1M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $146.0M $125.0M
YoY Change 78.05% 15.74%
Cash & Equivalents $146.0M $125.0M
Short-Term Investments
Other Short-Term Assets $90.00M $114.0M
YoY Change -16.67% 22.58%
Inventory $1.741B $1.729B
Prepaid Expenses
Receivables $881.0M $933.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.858B $2.901B
YoY Change 8.18% 8.08%
LONG-TERM ASSETS
Property, Plant & Equipment $4.799B $4.753B
YoY Change 6.43% 3.3%
Goodwill $2.072B $2.048B
YoY Change 6.69% 3.75%
Intangibles $819.0M $693.0M
YoY Change 10.98% -12.06%
Long-Term Investments
YoY Change
Other Assets $357.0M $344.0M
YoY Change 1.71% -1.71%
Total Long-Term Assets $8.047B $7.838B
YoY Change 6.72% 1.62%
TOTAL ASSETS
Total Short-Term Assets $2.858B $2.901B
Total Long-Term Assets $8.047B $7.838B
Total Assets $10.91B $10.74B
YoY Change 7.1% 3.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $944.0M $996.0M
YoY Change -5.51% -1.19%
Accrued Expenses $732.0M $678.0M
YoY Change -0.14% -4.24%
Deferred Revenue
YoY Change
Short-Term Debt $17.00M $18.00M
YoY Change -10.53% -10.0%
Long-Term Debt Due $737.0M $445.0M
YoY Change 171.96% 69.2%
Total Short-Term Liabilities $2.438B $2.137B
YoY Change 19.98% 6.42%
LONG-TERM LIABILITIES
Long-Term Debt $4.821B $5.046B
YoY Change -7.2% -8.35%
Other Long-Term Liabilities $322.0M $398.0M
YoY Change 28.8% 58.57%
Total Long-Term Liabilities $5.143B $5.444B
YoY Change -5.55% -5.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.438B $2.137B
Total Long-Term Liabilities $5.143B $5.444B
Total Liabilities $7.581B $8.290B
YoY Change 1.39% 6.76%
SHAREHOLDERS EQUITY
Retained Earnings $876.0M $743.0M
YoY Change 153.18% 295.21%
Common Stock $2.059B $2.052B
YoY Change 0.64% 0.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.539B $2.449B
YoY Change
Total Liabilities & Shareholders Equity $10.91B $10.74B
YoY Change 7.1% 3.29%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $170.0M $150.0M
YoY Change -11.92% 127.27%
Depreciation, Depletion And Amortization $161.0M $165.0M
YoY Change 17.52% 18.71%
Cash From Operating Activities $411.0M $231.0M
YoY Change 23.8% -14.44%
INVESTING ACTIVITIES
Capital Expenditures $207.0M $189.0M
YoY Change -346.43% -236.96%
Acquisitions
YoY Change
Other Investing Activities -$231.0M $25.00M
YoY Change -925.0% 13.64%
Cash From Investing Activities -$438.0M -$164.0M
YoY Change 682.14% 41.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 57.00M -46.00M
YoY Change -118.94% -69.13%
NET CHANGE
Cash From Operating Activities 411.0M 231.0M
Cash From Investing Activities -438.0M -164.0M
Cash From Financing Activities 57.00M -46.00M
Net Change In Cash 30.00M 21.00M
YoY Change -220.0% 320.0%
FREE CASH FLOW
Cash From Operating Activities $411.0M $231.0M
Capital Expenditures $207.0M $189.0M
Free Cash Flow $204.0M $42.00M
YoY Change -50.96% -89.71%

Facts In Submission

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0.56
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
13000000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-15000000 usd
gpk Other Comprehensive Income Loss Net Of Tax Including Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest
28000000 usd
CY2023Q2 us-gaap Restructuring Charges
RestructuringCharges
36000000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
7000000 usd
us-gaap Restructuring Charges
RestructuringCharges
49000000 usd
us-gaap Restructuring Charges
RestructuringCharges
17000000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
1000000 usd
us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
12000000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
1000000 usd
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-1000000 usd
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
11000000 usd
CY2022Q2 gpk Asset Acquisition Number Of Facilities Acquired
AssetAcquisitionNumberOfFacilitiesAcquired
2 foldingcartonfacility
CY2022Q2 us-gaap Discontinued Operation Equity Method Investment Retained After Disposal Ownership Interest Prior To Disposal
DiscontinuedOperationEquityMethodInvestmentRetainedAfterDisposalOwnershipInterestPriorToDisposal
1
dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001408075-23-000031.txt Edgar Link pending
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gpk-20230630_def.xml Edgar Link unprocessable
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gpk-20230630_cal.xml Edgar Link unprocessable