$PKG
PACKAGING CORP OF AMERICA

2012 Q1 Form 10-K Financial Statement

#000119312513083569 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q4 2011 Q3
Revenue $671.4M $654.3M $670.8M
YoY Change 6.65% 4.4% 4.36%
Cost Of Revenue $526.3M $520.1M $533.1M
YoY Change 6.03% 8.49% 11.92%
Gross Profit $141.8M $134.2M $137.7M
YoY Change 6.53% -8.92% -17.27%
Gross Profit Margin 21.13% 20.5% 20.53%
Selling, General & Admin $51.94M $65.10M $48.91M
YoY Change -18.2% 6.9% -21.99%
% of Gross Profit 36.62% 48.53% 35.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.64M $41.80M $41.10M
YoY Change 8.49% 5.82% 5.12%
% of Gross Profit 30.06% 31.16% 29.84%
Operating Expenses $51.94M $66.40M $48.91M
YoY Change -22.71% -1.34% -26.88%
Operating Profit $165.8M $67.81M $71.18M
YoY Change 151.6% -15.24% -28.53%
Interest Expense -$9.700M -$9.300M -$6.700M
YoY Change 40.58% 22.37% -15.19%
% of Operating Profit -5.85% -13.72% -9.41%
Other Income/Expense, Net
YoY Change
Pretax Income $159.4M $58.50M $64.45M
YoY Change 170.22% -34.12% -419.07%
Income Tax $141.6M $19.00M $22.68M
% Of Pretax Income 88.81% 32.48% 35.18%
Net Earnings $15.83M $39.47M $41.78M
YoY Change -57.7% -28.11% -55.22%
Net Earnings / Revenue 2.36% 6.03% 6.23%
Basic Earnings Per Share $0.16 $0.41 $0.42
Diluted Earnings Per Share $0.16 $0.40 $0.42
COMMON SHARES
Basic Shares Outstanding 96.60M shares 99.02M shares
Diluted Shares Outstanding 97.73M shares 100.0M shares

Balance Sheet

Concept 2012 Q1 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.00M $156.3M $40.10M
YoY Change -51.45% -20.5% -76.79%
Cash & Equivalents $84.02M $156.3M $40.12M
Short-Term Investments
Other Short-Term Assets $75.50M $81.10M $46.90M
YoY Change 33.87% 19.62% -40.18%
Inventory $263.3M $254.7M $244.4M
Prepaid Expenses
Receivables $348.3M $320.0M $338.5M
Other Receivables $94.00M $0.00 $0.00
Total Short-Term Assets $865.2M $812.1M $669.9M
YoY Change 12.06% 1.55% -17.6%
LONG-TERM ASSETS
Property, Plant & Equipment $1.477B $1.477B $1.434B
YoY Change 8.6% 10.36% 11.06%
Goodwill $58.21M
YoY Change 49.83%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.90M $40.53M $56.80M
YoY Change 7.16% 5.54% 60.45%
Total Long-Term Assets $1.627B $1.643B $1.563B
YoY Change 12.31% 15.18% 13.49%
TOTAL ASSETS
Total Short-Term Assets $865.2M $812.1M $669.9M
Total Long-Term Assets $1.627B $1.643B $1.563B
Total Assets $2.492B $2.455B $2.233B
YoY Change 12.22% 10.28% 1.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $153.0M $154.9M $176.7M
YoY Change -8.82% -0.22% 4.0%
Accrued Expenses $127.2M $163.3M $115.1M
YoY Change 54.56% 34.04% -0.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.90M $15.00M $109.7M
YoY Change -85.51% -86.33% 0.0%
Total Short-Term Liabilities $320.7M $376.5M $422.0M
YoY Change -17.2% -6.95% -0.96%
LONG-TERM LIABILITIES
Long-Term Debt $815.4M $793.4M $570.7M
YoY Change 42.85% 38.98% -0.05%
Other Long-Term Liabilities $283.4M $29.87M $266.6M
YoY Change 21.58% -87.14% 90.84%
Total Long-Term Liabilities $1.099B $1.107B $837.3M
YoY Change 36.68% 37.85% 17.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $320.7M $376.5M $422.0M
Total Long-Term Liabilities $1.099B $1.107B $837.3M
Total Liabilities $1.570B $1.484B $1.259B
YoY Change 30.81% 21.92% 2.9%
SHAREHOLDERS EQUITY
Retained Earnings $674.0M
YoY Change
Common Stock $352.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $59.00K
YoY Change
Treasury Stock Shares
Shareholders Equity $921.9M $971.3M $973.6M
YoY Change
Total Liabilities & Shareholders Equity $2.492B $2.412B $2.233B
YoY Change 12.22% 8.38% 1.95%

Cashflow Statement

Concept 2012 Q1 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income $15.83M $39.47M $41.78M
YoY Change -57.7% -28.11% -55.22%
Depreciation, Depletion And Amortization $42.64M $41.80M $41.10M
YoY Change 8.49% 5.82% 5.12%
Cash From Operating Activities $34.95M $108.7M $71.60M
YoY Change -45.4% -21.74% -30.08%
INVESTING ACTIVITIES
Capital Expenditures $34.81M -$67.40M -$74.20M
YoY Change -152.12% -24.94% -2.24%
Acquisitions $35.53M
YoY Change
Other Investing Activities -$35.50M -$21.70M -$8.700M
YoY Change -11933.33% -21800.0% -769.23%
Cash From Investing Activities -$71.74M -$89.10M -$82.90M
YoY Change 7.88% -0.56% 10.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $23.23M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.50M 96.50M -67.70M
YoY Change 69.06% -478.43% 85.48%
NET CHANGE
Cash From Operating Activities 34.95M 108.7M 71.60M
Cash From Investing Activities -71.74M -89.10M -82.90M
Cash From Financing Activities -35.50M 96.50M -67.70M
Net Change In Cash -72.30M 116.1M -79.00M
YoY Change 207.64% 387.82% 797.73%
FREE CASH FLOW
Cash From Operating Activities $34.95M $108.7M $71.60M
Capital Expenditures $34.81M -$67.40M -$74.20M
Free Cash Flow $132.0K $176.1M $145.8M
YoY Change -99.9% -23.0% -18.23%

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<div> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"><b>1.</b></font></td> <td align="left" valign="top"><font style="font-family:Times New Roman" size="2"><b>NATURE OF BUSINESS</b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">Packaging Corporation of America (&#x201C;PCA&#x201D; or the &#x201C;Company&#x201D;) was incorporated on January&#xA0;25, 1999. On April&#xA0;12, 1999, PCA acquired the containerboard and corrugated packaging products business of Pactiv Corporation (&#x201C;Pactiv&#x201D;), formerly known as Tenneco Packaging Inc., a wholly owned subsidiary of Tenneco Inc. PCA had no operations from the date of incorporation on January&#xA0;25, 1999 to April&#xA0;11, 1999.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The Company is comprised of mills and corrugated manufacturing operations. The mill operations (the &#x201C;Mills&#x201D;) consist of two kraft linerboard mills located in Counce, Tennessee, and Valdosta, Georgia, and two medium mills located in Filer City, Michigan, and Tomahawk, Wisconsin. The Mills transfer the majority of their containerboard produced to PCA&#x2019;s corrugated products plants.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">PCA&#x2019;s corrugated manufacturing operations consist of 71 plants, with 41 operating as combining operations, or corrugated plants, and 30 as sheet plants, a technical and development center, seven graphic design centers and a complement of packaging supplies and distribution centers. All plants are located in the continental United States. Corrugated plants combine linerboard and medium into sheets that are converted into corrugated shipping containers, point-of-sale graphics packaging, point-of-purchase displays and other specialized packaging. Sheet plants purchase sheets primarily from PCA corrugated products plants to use in the finished corrugated products converting process. The corrugated manufacturing operations sell to diverse customers primarily in North America.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">As of December&#xA0;31, 2012, PCA had approximately 8,600&#xA0;employees. Approximately 2,600 of these employees were salaried and approximately 6,000 were hourly. Approximately 75% of its hourly employees are represented by unions. The majority of its unionized employees are represented by the United Steel Workers (USW), the International Brotherhood of Teamsters (IBT), and the International Association of Machinists (IAM).</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">Based on an agreement reached with the USW in 2008, the existing labor agreements at PCA&#x2019;s containerboard mills covering USW-represented employees (91% of mill hourly workforce) were extended five years. With this extension, the USW contracts at the Company&#x2019;s mills are currently set to expire between September 2013 and June 2015. Agreements with other union mill employees (9% of mill hourly workforce) expire between October 2014 and June 2017. Based on an agreement reached with the USW in 2009, the labor agreement at 25 corrugated plants covering USW represented employees was extended up to five years. Contracts for unionized corrugated products plant employees expire between November 2012 and March 2018. The Company is currently in negotiations to renew or extend any union contracts that have recently expired or are expiring in the near future.</font></p> </div>
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CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97497000 shares
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22297000
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
2843877000
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24995000
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
45162000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
98128000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96384000 shares
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-245615000
CY2012 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
1100000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1250 shares
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
800000
CY2012 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7144000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
380559000
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GrossProfit
639629000
CY2012 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1400000
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IncreaseDecreaseInInventories
12212000
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CurrentStateAndLocalTaxExpenseBenefit
6437000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
686000
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OtherOperatingActivitiesCashFlowStatement
-3090000
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2204248000
CY2012 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
-575000
CY2012 us-gaap Depreciation
Depreciation
166000000
CY2012 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div> <p style="margin-top:18px;margin-bottom:0px; margin-left:2%"> <font style="font-family:Times New Roman" size="2"><b><i>Derivative Instruments and Hedging Activities</i></b></font></p> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The Company records its derivatives in accordance with ASC&#xA0;815, &#x201C;Derivatives and Hedging.&#x201D; The guidance requires the Company to recognize derivative instruments as either assets or liabilities in the balance sheet at fair value. The accounting for changes in the fair value of a derivative depends on the intended use and designation of the derivative instrument. For a derivative designated as a fair value hedge, the gain or loss on the derivative is recognized in earnings in the period of change in fair value together with the offsetting gain or loss on the hedged item. For a derivative instrument designated as a cash flow hedge, the effective portion of the derivative&#x2019;s gain or loss is initially reported as a component of accumulated other comprehensive income (loss) (&#x201C;OCI&#x201D;) and is subsequently recognized in earnings when the hedged exposure affects earnings. The ineffective portion of the gain or loss is recognized in earnings.</font></p> </div>
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-7298000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11687000
CY2011Q2 pkg Low Stock Price Per Share
LowStockPricePerShare
26.26
CY2012 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
-51000
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
6500000
CY2012 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
647000
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1615000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
183202000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
128000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
163820000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
4016000
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
210773000
CY2012 us-gaap Long Term Purchase Commitment Time Period
LongTermPurchaseCommitmentTimePeriod
Periods ranging from one to 16 years
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
49400000
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
14098000
CY2012 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-132000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
216739000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with U.S.&#xA0;generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts in the financial statements and the accompanying notes. Actual results could differ from those estimates.</font></p> </div>
CY2012 pkg Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax
4300000
CY2012 pkg Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss And Net Prior Service Costs Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax
9300000
CY2010Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
5 pure
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3100000
CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
300000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
11975000 shares
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2308000
CY2012 pkg Interest Expense Net
InterestExpenseNet
62900000
CY2012 pkg Proceeds From Government Grant
ProceedsFromGovernmentGrant
57399000
CY2010Q4 us-gaap Loss Contingency Parties Jointly And Severally Liable In Litigation
LossContingencyPartiesJointlyAndSeverallyLiableInLitigation
PCA and eight other U.S. and Canadian containerboard producers were named as defendants
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
65903000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2011Q1 us-gaap Sales Revenue Net
SalesRevenueNet
629500000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2011Q1 us-gaap Gross Profit
GrossProfit
133141000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
37417000
CY2012 pkg Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantDateFairValue
9722000
CY2012 pkg Retirement Plan Plan Amendment Number Of Retirees Affected
RetirementPlanPlanAmendmentNumberOfRetireesAffected
50 Person
CY2012 pkg Area Leased Under Timberland Cutting Rights
AreaLeasedUnderTimberlandCuttingRights
88000 acre
CY2012 pkg Number Of Joint Ventures Under Equity Method
NumberOfJointVenturesUnderEquityMethod
2 pure
CY2012 pkg Long Term Equity Incentive Plan Termination Date
LongTermEquityIncentivePlanTerminationDate
October 19, 2014
CY2012 pkg Amortization Of Unrecognized Net Gain Loss Base Percentage
AmortizationOfUnrecognizedNetGainLossBasePercentage
0.10 pure
CY2012 pkg Percentage Of Customer Returns Allowances And Earned Discounts To Gross Selling Price
PercentageOfCustomerReturnsAllowancesAndEarnedDiscountsToGrossSellingPrice
0.010 pure
CY2012 pkg Reserve Percentage For Customer Deductions
ReservePercentageForCustomerDeductions
0.010 pure
CY2012 pkg High Stock Price Per Share
HighStockPricePerShare
38.67
CY2012 pkg Low Stock Price Per Share
LowStockPricePerShare
24.82
CY2012 pkg Share Based Compensation Arrangement By Share Based Payment Award Shares Granted Since Inception Of Plan Net Of Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesGrantedSinceInceptionOfPlanNetOfForfeitures
8040958 shares
CY2012 pkg Employee Age After Which Minimum Service Period To Be Completed For Retiree Medical Benefit Plan Coverage
EmployeeAgeAfterWhichMinimumServicePeriodToBeCompletedForRetireeMedicalBenefitPlanCoverage
48 Y
CY2012 pkg Us Treasury Note Maturity Term
USTreasuryNoteMaturityTerm
10 Y
CY2012 pkg Minimum Retirement Age For Retiree Medical Benefit Plan Coverage
MinimumRetirementAgeForRetireeMedicalBenefitPlanCoverage
58 Y
CY2012 pkg Minimum Service Period For Retiree Medical Benefit Plan Coverage
MinimumServicePeriodForRetireeMedicalBenefitPlanCoverage
10 Y
CY2012 pkg Minimum Age At Which Availability Of Retiree Medical Coverage Curtailed
MinimumAgeAtWhichAvailabilityOfRetireeMedicalCoverageCurtailed
65 Age
CY2011Q1 pkg High Stock Price Per Share
HighStockPricePerShare
30.69
CY2011Q1 pkg Low Stock Price Per Share
LowStockPricePerShare
25.96
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
67859000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
665481000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2011Q2 us-gaap Gross Profit
GrossProfit
136901000
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
39368000
CY2011Q2 pkg High Stock Price Per Share
HighStockPricePerShare
29.88
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
169110000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
671357000
CY2012Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1000000
CY2012Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
35563 shares
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2012 pkg Unrecognized Tax Benefits Interest On Income Taxes Expense Net
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpenseNet
200000
CY2012 pkg Unrecognized Tax Benefits Period Increase Decrease Net
UnrecognizedTaxBenefitsPeriodIncreaseDecreaseNet
700000
CY2012 pkg Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriodGrantDateFairValue
257000
CY2012 pkg Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
10846000
CY2012 pkg Loss On Foreign Currency Cash Flow Hedge Derivatives
LossOnForeignCurrencyCashFlowHedgeDerivatives
700000
CY2012 pkg Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostNetOfTax
-6689000
CY2012 pkg Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss And Net Prior Service Costs Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax
-14612000
CY2012 pkg Expected Defined Benefit Pension Plan Expense Next Fiscal Year
ExpectedDefinedBenefitPensionPlanExpenseNextFiscalYear
38200000
CY2012 pkg Environmental Remediation Expense To Date
EnvironmentalRemediationExpenseToDate
3200000
CY2012 pkg Alternative Fuel Mixture Tax Credits
AlternativeFuelMixtureTaxCredits
95500000
CY2012 pkg Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months Net Of Tax
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonthsNetOfTax
-3500000
CY2012 pkg Current Period Purchases Under Long Term Purchase Agreements
CurrentPeriodPurchasesUnderLongTermPurchaseAgreements
27700000
CY2012 pkg Reserve For Customer Deductions
ReserveForCustomerDeductions
3400000
CY2012 pkg Corporate Overhead
CorporateOverhead
69108000
CY2012 pkg Alternative Fuel Mixture Credit Change
AlternativeFuelMixtureCreditChange
76281000
CY2012 pkg Pension And Postretirement Benefits Contributions Expense Net
PensionAndPostretirementBenefitsContributionsExpenseNet
-1687000
CY2012 pkg Derivative Instruments Gains Losses Recognized In Accumulated Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainsLossesRecognizedInAccumulatedOtherComprehensiveIncomeEffectivePortionNet
32043000
CY2012Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
29.40
CY2012Q1 us-gaap Gross Profit
GrossProfit
145019000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
17844000
CY2012Q1 pkg High Stock Price Per Share
HighStockPricePerShare
30.62
CY2012Q1 pkg Low Stock Price Per Share
LowStockPricePerShare
24.82
CY2012Q1 pkg Total Stock Repurchased Shares
TotalStockRepurchasedShares
3996118 shares
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
83858000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
712468000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2012Q2 us-gaap Gross Profit
GrossProfit
158108000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
45154000
CY2012Q2 pkg High Stock Price Per Share
HighStockPricePerShare
29.80
CY2012Q2 pkg Low Stock Price Per Share
LowStockPricePerShare
25.77
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
71180000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
670824000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2011Q3 us-gaap Gross Profit
GrossProfit
137747000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
41777000
CY2011Q3 pkg High Stock Price Per Share
HighStockPricePerShare
29.19
CY2011Q3 pkg Low Stock Price Per Share
LowStockPricePerShare
21.05
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
92072000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2012Q3 us-gaap Sales Revenue Net
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723473000
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EarningsPerShareBasic
0.41
CY2012Q3 us-gaap Gross Profit
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162552000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
39791000
CY2012Q3 pkg High Stock Price Per Share
HighStockPricePerShare
36.68
CY2012Q3 pkg Low Stock Price Per Share
LowStockPricePerShare
27.59
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
67807000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2011Q4 us-gaap Sales Revenue Net
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654306000
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EarningsPerShareBasic
0.41
CY2011Q4 us-gaap Gross Profit
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134157000
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39465000
CY2011Q4 pkg High Stock Price Per Share
HighStockPricePerShare
27.16
CY2011Q4 pkg Low Stock Price Per Share
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21.75
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
98419000
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EarningsPerShareDiluted
0.63
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736579000
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EarningsPerShareBasic
0.63
CY2012Q4 us-gaap Gross Profit
GrossProfit
173950000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
61031000
CY2012Q4 pkg High Stock Price Per Share
HighStockPricePerShare
38.67
CY2012Q4 pkg Low Stock Price Per Share
LowStockPricePerShare
33.89

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