$GPK
GRAPHIC PACKAGING HOLDING CO

2024 Q2 Form 10-Q Financial Statement

#000140807524000020 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $2.237B $2.259B
YoY Change -6.48% -7.34%
Cost Of Revenue $1.756B $1.733B
YoY Change -5.39% -7.72%
Gross Profit $481.0M $526.0M
YoY Change -10.26% -6.07%
Gross Profit Margin 21.5% 23.28%
Selling, General & Admin $197.0M $215.0M
YoY Change -3.9% 9.14%
% of Gross Profit 40.96% 40.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $133.0M $148.0M
YoY Change -19.39% 6.47%
% of Gross Profit 27.65% 28.14%
Operating Expenses $197.0M $215.0M
YoY Change -10.45% 9.14%
Operating Profit $324.0M $278.0M
YoY Change 2.53% -15.76%
Interest Expense $60.00M $59.00M
YoY Change -200.0% 1.72%
% of Operating Profit 18.52% 21.22%
Other Income/Expense, Net $0.00 -$1.000M
YoY Change 0.0%
Pretax Income $264.0M $218.0M
YoY Change 27.54% -19.56%
Income Tax $74.00M $53.00M
% Of Pretax Income 28.03% 24.31%
Net Earnings $190.0M $165.0M
YoY Change 26.67% -20.29%
Net Earnings / Revenue 8.49% 7.3%
Basic Earnings Per Share $0.62 $0.54
Diluted Earnings Per Share $0.62 $0.53
COMMON SHARES
Basic Shares Outstanding 307.3M shares 306.1M shares
Diluted Shares Outstanding 306.9M shares 309.1M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.0M $136.0M
YoY Change 0.0% 20.35%
Cash & Equivalents $125.0M $136.0M
Short-Term Investments
Other Short-Term Assets $130.0M $117.0M
YoY Change 14.04% 39.29%
Inventory $1.699B $1.702B
Prepaid Expenses
Receivables $875.0M $878.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.840B $2.923B
YoY Change -2.1% 3.95%
LONG-TERM ASSETS
Property, Plant & Equipment $4.826B $4.685B
YoY Change 1.54% 0.15%
Goodwill $2.014B $2.010B
YoY Change -1.66% -2.09%
Intangibles $722.0M $746.0M
YoY Change 4.18% 5.07%
Long-Term Investments
YoY Change
Other Assets $426.0M $428.0M
YoY Change 23.84% 23.7%
Total Long-Term Assets $7.988B $8.426B
YoY Change 1.91% 8.21%
TOTAL ASSETS
Total Short-Term Assets $2.840B $2.923B
Total Long-Term Assets $7.988B $8.426B
Total Assets $10.83B $11.35B
YoY Change 0.83% 7.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $973.0M $940.0M
YoY Change -2.31% -6.84%
Accrued Expenses $663.0M $660.0M
YoY Change -2.21% -1.35%
Deferred Revenue
YoY Change
Short-Term Debt $11.00M $11.00M
YoY Change -38.89% -26.67%
Long-Term Debt Due $309.0M $738.0M
YoY Change -30.56% 2280.65%
Total Short-Term Liabilities $1.963B $2.366B
YoY Change -8.14% 36.37%
LONG-TERM LIABILITIES
Long-Term Debt $4.930B $4.930B
YoY Change -2.3% -9.76%
Other Long-Term Liabilities $354.0M $358.0M
YoY Change -11.06% 26.95%
Total Long-Term Liabilities $5.284B $5.288B
YoY Change -2.94% -7.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.963B $2.366B
Total Long-Term Liabilities $5.284B $5.288B
Total Liabilities $7.247B $7.654B
YoY Change -12.58% 2.33%
SHAREHOLDERS EQUITY
Retained Earnings $1.167B $1.163B
YoY Change 57.07% 86.68%
Common Stock $2.031B $2.062B
YoY Change -1.02% 1.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.812B $2.857B
YoY Change
Total Liabilities & Shareholders Equity $10.83B $11.35B
YoY Change 0.83% 7.08%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $190.0M $165.0M
YoY Change 26.67% -20.29%
Depreciation, Depletion And Amortization $133.0M $148.0M
YoY Change -19.39% 6.47%
Cash From Operating Activities $161.0M $3.000M
YoY Change -30.3% -95.0%
INVESTING ACTIVITIES
Capital Expenditures $249.0M $331.0M
YoY Change 31.75% 68.88%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $735.0M $0.00
YoY Change 2840.0% -100.0%
Cash From Investing Activities $486.0M -$311.0M
YoY Change -396.34% 13.92%
FINANCING ACTIVITIES
Cash Dividend Paid $31.00M
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -655.0M $287.0M
YoY Change 1323.91% 62.15%
NET CHANGE
Cash From Operating Activities 161.0M $3.000M
Cash From Investing Activities 486.0M -$311.0M
Cash From Financing Activities -655.0M $287.0M
Net Change In Cash -8.000M -$26.00M
YoY Change -138.1% -25.71%
FREE CASH FLOW
Cash From Operating Activities $161.0M $3.000M
Capital Expenditures $249.0M $331.0M
Free Cash Flow -$88.00M -$328.0M
YoY Change -309.52% 141.18%

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