$GPK
GRAPHIC PACKAGING HOLDING CO

2024 Q3 Form 10-Q Financial Statement

#000140807524000030 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.216B $2.237B
YoY Change -5.66% -6.48%
Cost Of Revenue $1.714B $1.756B
YoY Change -4.72% -5.39%
Gross Profit $502.0M $481.0M
YoY Change -8.73% -10.26%
Gross Profit Margin 22.65% 21.5%
Selling, General & Admin $191.0M $197.0M
YoY Change -13.18% -3.9%
% of Gross Profit 38.05% 40.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $139.0M $133.0M
YoY Change -13.66% -19.39%
% of Gross Profit 27.69% 27.65%
Operating Expenses $191.0M $197.0M
YoY Change -13.18% -10.45%
Operating Profit $278.0M $324.0M
YoY Change -3.14% 2.53%
Interest Expense -$58.00M $60.00M
YoY Change -193.55% -200.0%
% of Operating Profit -20.86% 18.52%
Other Income/Expense, Net -$1.000M $0.00
YoY Change 0.0%
Pretax Income $219.0M $264.0M
YoY Change -2.23% 27.54%
Income Tax $55.00M $74.00M
% Of Pretax Income 25.11% 28.03%
Net Earnings $165.0M $190.0M
YoY Change -2.94% 26.67%
Net Earnings / Revenue 7.45% 8.49%
Basic Earnings Per Share $0.55 $0.62
Diluted Earnings Per Share $0.55 $0.62
COMMON SHARES
Basic Shares Outstanding 300.1M shares 307.3M shares
Diluted Shares Outstanding 302.6M shares 306.9M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $126.0M $125.0M
YoY Change -13.7% 0.0%
Cash & Equivalents $126.0M $125.0M
Short-Term Investments
Other Short-Term Assets $134.0M $130.0M
YoY Change 48.89% 14.04%
Inventory $1.748B $1.699B
Prepaid Expenses
Receivables $971.0M $875.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.990B $2.840B
YoY Change 4.62% -2.1%
LONG-TERM ASSETS
Property, Plant & Equipment $5.028B $4.826B
YoY Change 4.77% 1.54%
Goodwill $2.034B $2.014B
YoY Change -1.83% -1.66%
Intangibles $714.0M $722.0M
YoY Change -12.82% 4.18%
Long-Term Investments
YoY Change
Other Assets $465.0M $426.0M
YoY Change 30.25% 23.84%
Total Long-Term Assets $8.241B $7.988B
YoY Change 2.41% 1.91%
TOTAL ASSETS
Total Short-Term Assets $2.990B $2.840B
Total Long-Term Assets $8.241B $7.988B
Total Assets $11.23B $10.83B
YoY Change 2.99% 0.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $937.0M $973.0M
YoY Change -0.74% -2.31%
Accrued Expenses $761.0M $663.0M
YoY Change 3.96% -2.21%
Deferred Revenue
YoY Change
Short-Term Debt $12.00M $11.00M
YoY Change -29.41% -38.89%
Long-Term Debt Due $13.00M $309.0M
YoY Change -98.24% -30.56%
Total Short-Term Liabilities $1.729B $1.963B
YoY Change -29.08% -8.14%
LONG-TERM LIABILITIES
Long-Term Debt $5.372B $4.930B
YoY Change 11.43% -2.3%
Other Long-Term Liabilities $394.0M $354.0M
YoY Change 22.36% -11.06%
Total Long-Term Liabilities $5.766B $5.284B
YoY Change 12.11% -2.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.729B $1.963B
Total Long-Term Liabilities $5.766B $5.284B
Total Liabilities $7.495B $7.247B
YoY Change -1.13% -12.58%
SHAREHOLDERS EQUITY
Retained Earnings $1.302B $1.167B
YoY Change 48.63% 57.07%
Common Stock $2.042B $2.031B
YoY Change -0.83% -1.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.009B $2.812B
YoY Change
Total Liabilities & Shareholders Equity $11.23B $10.83B
YoY Change 2.99% 0.83%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $165.0M $190.0M
YoY Change -2.94% 26.67%
Depreciation, Depletion And Amortization $139.0M $133.0M
YoY Change -13.66% -19.39%
Cash From Operating Activities $187.0M $161.0M
YoY Change -54.5% -30.3%
INVESTING ACTIVITIES
Capital Expenditures $313.0M $249.0M
YoY Change 51.21% 31.75%
Acquisitions
YoY Change
Other Investing Activities $36.00M $735.0M
YoY Change -115.58% 2840.0%
Cash From Investing Activities -$277.0M $486.0M
YoY Change -36.76% -396.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 88.00M -655.0M
YoY Change 54.39% 1323.91%
NET CHANGE
Cash From Operating Activities 187.0M 161.0M
Cash From Investing Activities -277.0M 486.0M
Cash From Financing Activities 88.00M -655.0M
Net Change In Cash -2.000M -8.000M
YoY Change -106.67% -138.1%
FREE CASH FLOW
Cash From Operating Activities $187.0M $161.0M
Capital Expenditures $313.0M $249.0M
Free Cash Flow -$126.0M -$88.00M
YoY Change -161.76% -309.52%

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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1200000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1200000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000.0 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
306900000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
309100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
307900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
309400000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-82000000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-6000000 usd
gpk Other Comprehensive Income Loss Net Of Tax Including Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest
-76000000 usd
us-gaap Restructuring Charges
RestructuringCharges
37000000 usd
us-gaap Restructuring Charges
RestructuringCharges
49000000 usd
CY2024Q2 us-gaap Restructuring Charges
RestructuringCharges
16000000 usd
CY2023Q2 us-gaap Restructuring Charges
RestructuringCharges
36000000 usd
us-gaap Restructuring Charges
RestructuringCharges
37000000 usd
us-gaap Restructuring Charges
RestructuringCharges
49000000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
21000000 usd
us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
7000000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
2000000 usd
CY2024Q2 us-gaap Restructuring Reserve
RestructuringReserve
26000000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001408075-24-000030.txt Edgar Link pending
0001408075-24-000030-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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gpk063020242024ex101.htm Edgar Link pending
gpk06302024ex311.htm Edgar Link pending
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gpk-20240630_def.xml Edgar Link unprocessable
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gpk-20240630_htm.xml Edgar Link completed
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gpk-20240630_cal.xml Edgar Link unprocessable