$GPK
GRAPHIC PACKAGING HOLDING CO

2023 Q4 Form 10-Q Financial Statement

#000140807523000041 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.249B $2.349B
YoY Change -5.74% -4.16%
Cost Of Revenue $1.748B $1.799B
YoY Change -7.76% -7.27%
Gross Profit $501.0M $550.0M
YoY Change 2.04% 7.63%
Gross Profit Margin 22.28% 23.41%
Selling, General & Admin $183.0M $220.0M
YoY Change -10.73% 8.37%
% of Gross Profit 36.53% 40.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $154.0M $161.0M
YoY Change 11.59% 17.52%
% of Gross Profit 30.74% 29.27%
Operating Expenses $199.0M $220.0M
YoY Change -8.72% 8.37%
Operating Profit $302.0M $287.0M
YoY Change 10.62% -2.05%
Interest Expense -$59.00M $62.00M
YoY Change 9.26% 16.98%
% of Operating Profit -19.54% 21.6%
Other Income/Expense, Net -$1.000M -$1.000M
YoY Change -150.0% -150.0%
Pretax Income $230.0M $224.0M
YoY Change 6.48% -7.44%
Income Tax $35.00M $54.00M
% Of Pretax Income 15.22% 24.11%
Net Earnings $196.0M $170.0M
YoY Change 25.64% -11.92%
Net Earnings / Revenue 8.71% 7.24%
Basic Earnings Per Share $0.55
Diluted Earnings Per Share $0.64 $0.55
COMMON SHARES
Basic Shares Outstanding 306.1M shares 307.2M shares
Diluted Shares Outstanding 309.2M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $162.0M $146.0M
YoY Change 8.0% 78.05%
Cash & Equivalents $162.0M $146.0M
Short-Term Investments
Other Short-Term Assets $94.00M $90.00M
YoY Change 32.39% -16.67%
Inventory $1.754B $1.741B
Prepaid Expenses
Receivables $716.0M $881.0M
Other Receivables $119.0M $0.00
Total Short-Term Assets $2.845B $2.858B
YoY Change 5.14% 8.18%
LONG-TERM ASSETS
Property, Plant & Equipment $4.992B $4.799B
YoY Change 3.48% 6.43%
Goodwill $2.103B $2.072B
YoY Change 6.27% 6.69%
Intangibles $820.0M $819.0M
YoY Change 14.37% 10.98%
Long-Term Investments
YoY Change
Other Assets $415.0M $357.0M
YoY Change 19.6% 1.71%
Total Long-Term Assets $8.330B $8.047B
YoY Change 9.29% 6.72%
TOTAL ASSETS
Total Short-Term Assets $2.845B $2.858B
Total Long-Term Assets $8.330B $8.047B
Total Assets $11.18B $10.91B
YoY Change 8.2% 7.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.094B $944.0M
YoY Change -2.58% -5.51%
Accrued Expenses $731.0M $732.0M
YoY Change -3.43% -0.14%
Deferred Revenue
YoY Change
Short-Term Debt $18.00M $17.00M
YoY Change 12.5% -10.53%
Long-Term Debt Due $739.0M $737.0M
YoY Change 2742.31% 171.96%
Total Short-Term Liabilities $2.589B $2.438B
YoY Change 33.94% 19.98%
LONG-TERM LIABILITIES
Long-Term Debt $4.609B $4.821B
YoY Change -11.37% -7.2%
Other Long-Term Liabilities $360.0M $322.0M
YoY Change 35.34% 28.8%
Total Long-Term Liabilities $4.969B $5.143B
YoY Change -9.09% -5.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.589B $2.438B
Total Long-Term Liabilities $4.969B $5.143B
Total Liabilities $7.558B $7.581B
YoY Change 2.15% 1.39%
SHAREHOLDERS EQUITY
Retained Earnings $1.029B $876.0M
YoY Change 119.4% 153.18%
Common Stock $2.062B $2.059B
YoY Change 0.39% 0.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.781B $2.539B
YoY Change
Total Liabilities & Shareholders Equity $11.18B $10.91B
YoY Change 8.2% 7.1%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $196.0M $170.0M
YoY Change 25.64% -11.92%
Depreciation, Depletion And Amortization $154.0M $161.0M
YoY Change 11.59% 17.52%
Cash From Operating Activities $442.0M $411.0M
YoY Change -5.96% 23.8%
INVESTING ACTIVITIES
Capital Expenditures $212.0M $207.0M
YoY Change 103.85% -346.43%
Acquisitions
YoY Change
Other Investing Activities $62.00M -$231.0M
YoY Change 72.22% -925.0%
Cash From Investing Activities -$150.0M -$438.0M
YoY Change 120.59% 682.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -294.0M 57.00M
YoY Change -12.24% -118.94%
NET CHANGE
Cash From Operating Activities 442.0M 411.0M
Cash From Investing Activities -150.0M -438.0M
Cash From Financing Activities -294.0M 57.00M
Net Change In Cash -2.000M 30.00M
YoY Change -102.99% -220.0%
FREE CASH FLOW
Cash From Operating Activities $442.0M $411.0M
Capital Expenditures $212.0M $207.0M
Free Cash Flow $230.0M $204.0M
YoY Change -37.16% -50.96%

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CY2023Q3 us-gaap Line Of Credit
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us-gaap Income Tax Expense Benefit
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us-gaap Current Federal Tax Expense Benefit
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us-gaap Number Of Reportable Segments
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2023Q3 us-gaap Net Income Loss
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Restructuring Charges
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us-gaap Payments For Restructuring
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CY2023Q3 us-gaap Restructuring Reserve
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2 foldingcartonfacility
CY2022 us-gaap Discontinued Operation Equity Method Investment Retained After Disposal Ownership Interest Prior To Disposal
DiscontinuedOperationEquityMethodInvestmentRetainedAfterDisposalOwnershipInterestPriorToDisposal
1
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001408075-23-000041-index.html Edgar Link pending
0001408075-23-000041.txt Edgar Link pending
0001408075-23-000041-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gpk-20230930.htm Edgar Link pending
gpk-20230930.xsd Edgar Link pending
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report.css Edgar Link pending
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gpk-20230930_cal.xml Edgar Link unprocessable
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gpk-20230930_def.xml Edgar Link unprocessable