← GRAPHIC PACKAGING HOLDING CO

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $522.0m $723.0m $658.0m $444.0m
Net Income (Loss) Attributable to Parent $228.0m $300.2m $221.1m $206.8m $167.3m $204.0m $522.0m $723.0m $658.0m $444.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $228.0m $300.2m $294.0m $278.1m — $216.0m $522.0m $723.0m $658.0m $444.0m
Net Income (Loss) Attributable to Noncontrolling Interest $0 — $72.9m $71.3m $36.0m $12.0m $0 $0 — —
Depreciation, Depletion and Amortization $299.3m $330.3m $430.6m $447.2m $475.8m $489.0m $553.0m $619.0m $557.0m $536.0m
Amortization $59.3m $61.8m $70.0m $59.3m $62.1m $69.0m $90.0m $91.0m $94.0m $69.0m
Amortization of Debt Issuance Costs $4.8m $5.1m $4.4m $4.7m $5.7m $9.0m $9.0m $6.0m $6.0m $6.0m
Depreciation $240.0m $268.5m $360.6m $387.9m $413.7m $420.0m $463.0m $528.0m $463.0m $467.0m
Depreciation Amortization Depletion — — — — — — $553.0m $619.0m $557.0m $536.0m
Deferred Income Tax Expense (Benefit) $76.7m ($54.0m) $26.0m $52.7m ($700k) $55.0m $131.0m $22.0m ($119.0m) $107.0m
Deferred Income Tax — — — — — — $131.0m $22.0m ($119.0m) $107.0m
Deferred Tax — — — — — — $131.0m $22.0m ($119.0m) $107.0m
Share-based Payment Arrangement, Noncash Expense — — — — — — — — $62.0m $2.0m
Payment, Tax Withholding, Share-based Payment Arrangement $11.3m $10.2m $4.3m $4.1m $9.1m $15.0m $18.0m $22.0m $25.0m $34.0m
Share-based Payment Arrangement, Expense $20.2m $8.9m $13.8m $21.7m $33.8m $27.0m $34.0m $44.0m — —
Gain (Loss) on Sale of Assets and Asset Impairment Charges — $3.7m $38.6m $0 $0 $0 $96.0m $29.0m $0 $0
Goodwill, Impairment Loss — — — — — — $12.0m — — —
Asset Impairment Charge — — — — — — $96.0m $29.0m $0 $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($800k) $3.7m $38.6m $0 $0 — — — — —
Gain (Loss) on Disposition of Business — — — — — — — — $75.0m $0
Gain (Loss) on Extinguishment of Debt $0 — ($1.9m) $0 $0 — — — — —
Income (Loss) from Equity Method Investments $1.8m $1.7m $1.2m $400k $900k $1.0m $0 $1.0m $1.0m $1.0m
Income Tax Expense (Benefit) $93.2m ($45.5m) $54.7m $76.3m $41.6m $74.0m $194.0m $210.0m $229.0m $139.0m
Interest Expense Nonoperating — — — — — — — — $230.0m $220.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories ($10.5m) $6.5m $82.0m $72.8m ($34.8m) $80.0m $268.0m $117.0m $124.0m ($51.0m)
Increase (Decrease) in Accounts Payable $4.3m $27.0m $76.2m ($8.6m) $70.9m $77.0m $132.0m ($140.0m) ($25.0m) $1.0m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — — — $66.0m ($1.0m)
Foreign Currency Transaction Gain (Loss), before Tax $4.8m $3.1m ($1.6m) $2.3m ($2.7m) ($3.0m) ($3.0m) ($6.0m) ($5.0m) —
Goodwill $1.3b $1.3b $1.5b $1.5b $1.5b $2.0b $2.0b $2.1b $2.0b $2.1b
Revenue from Contract with Customer, Including Assessed Tax — — $6.0b — — — — — — —
Beginning Cash Position — — — — — — $172.0m $150.0m $162.0m $157.0m
Cash Flow From Continuing Financing Activities — — — — — — ($666.0m) ($106.0m) ($489.0m) ($18.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($435.0m) ($1.0b) ($342.0m) ($732.0m)
Change In Account Payable — — — — — — $132.0m ($140.0m) ($25.0m) $1.0m
Change In Accrued Expense — — — — — — $5.0m ($10.0m) $132.0m ($100.0m)
Change In Interest Payable — — — — — — $16.0m $12.0m $10.0m $2.0m
Change In Inventory — — — — — — ($268.0m) ($117.0m) ($124.0m) $51.0m
Change In Other Current Assets — — — — — — $1.0m ($34.0m) ($23.0m) ($16.0m)
Change In Other Current Liabilities — — — — — — $11.0m $50.0m $9.0m ($19.0m)
Change In Other Working Capital — — — — — — $85.0m ($18.0m) ($86.0m) ($15.0m)
Change In Payable — — — — — — $132.0m ($140.0m) ($25.0m) $1.0m
Change In Payables And Accrued Expense — — — — — — $137.0m ($150.0m) $107.0m ($99.0m)
Change In Receivables — — — — — — ($184.0m) ($39.0m) ($152.0m) ($115.0m)
Change In Working Capital — — — — — — ($218.0m) ($308.0m) ($269.0m) ($213.0m)
Changes In Cash — — — — — — ($11.0m) $13.0m $9.0m $91.0m
End Cash Position — — — — — — $150.0m $162.0m $157.0m $261.0m
Financing Cash Flow — — — — — — ($666.0m) ($106.0m) ($489.0m) ($18.0m)
Free Cash Flow — — — — — — $541.0m $340.0m ($363.0m) ($81.0m)
Gain Loss On Sale Of Business — — — — — — $0 $0 ($75.0m) $0
Interest Received CFI — — — — — — $119.0m $139.0m $152.0m $171.0m
Investing Cash Flow — — — — — — ($435.0m) ($1.0b) ($342.0m) ($732.0m)
Net Business Purchase And Sale — — — — — — $0 ($361.0m) $711.0m $16.0m
Net PPE Purchase And Sale — — — — — ($27.0m) ($27.0m) ($23.0m) ($34.0m) —
Operating Gains Losses — — — — — — ($18.0m) ($5.0m) ($78.0m) ($5.0m)
Other Cash Adjustment Outside Changein Cash — — — — — — ($5.0m) $0 $1.0m $0
Other Non Cash Items — — — — — — ($10.0m) $20.0m $29.0m ($30.0m)
Pension And Employee Benefit Expense — — — — — — ($18.0m) ($5.0m) ($3.0m) ($5.0m)
Proceeds From Stock Option Exercised — — — — — ($15.0m) ($18.0m) ($22.0m) — —
Purchase Of Business — — — — — — $0 ($361.0m) $0 ($29.0m)
Purchase Of PPE $278.6m $240.9m $378.8m — — ($27.0m) ($27.0m) ($23.0m) ($34.0m) —
Repurchase Of Capital Stock — — — — — — ($46.0m) ($76.0m) ($225.0m) ($184.0m)
Sale Of Business — — — — — — $0 $0 $711.0m $45.0m
Stock Based Compensation — — — — — — $34.0m $44.0m $62.0m $2.0m
Other Operating Income (Expense), Net ($3.1m) ($3.0m) ($7.2m) ($8.8m) ($2.0m) $2.0m ($19.0m) ($64.0m) ($64.0m) ($53.0m)
Net Cash Provided by (Used in) Operating Activities $641.4m $516.2m ($373.8m) $665.8m $824.7m $609.0m $1.1b $1.1b $840.0m $841.0m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($549.0m) ($804.0m) ($1.2b) ($922.0m)
Capital Expenditure Reported — — — — — — ($522.0m) ($804.0m) ($1.2b) ($922.0m)
Payments to Acquire Businesses, Net of Cash Acquired $332.7m $189.4m $89.4m $54.5m $120.6m $1.7b $0 $361.0m $0 $29.0m
Payments for (Proceeds from) Other Investing Activities $5.2m ($1.0m) $6.9m $4.6m $7.9m $5.0m $5.0m ($1.0m) $2.0m ($3.0m)
Net Other Investing Changes — — — — — — ($5.0m) $1.0m ($2.0m) $3.0m
Net Cash Provided by (Used in) Investing Activities ($632.5m) ($440.6m) $689.1m ($224.3m) ($647.8m) ($2.4b) ($435.0m) ($1.0b) ($342.0m) ($732.0m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $3.9b $4.4b $5.3b $3.5b
Long Term Debt Issuance — — — — — — $3.9b $4.4b $5.3b $3.5b
Net Issuance Payments Of Debt — — — — — — ($530.0m) $109.0m ($136.0m) $311.0m
Net Long Term Debt Issuance — — — — — — ($530.0m) $109.0m ($136.0m) $311.0m
Net Short Term Debt Issuance — — — — — $836.0m ($266.0m) $135.0m — —
Short Term Debt Issuance — — — — — $4.5b $3.9b $4.4b — —
Repayments of Long-term Debt $25.0m $25.0m $152.4m $36.5m $36.5m $1.6b $250.0m $0 $700.0m $0
Long Term Debt Payments — — — — — — ($4.5b) ($4.3b) ($5.5b) ($3.2b)
Repayment Of Debt — — — — — — ($4.5b) ($4.3b) ($5.5b) ($3.2b)
Short Term Debt Payments — — — — — ($3.6b) ($4.2b) ($4.3b) — —
Net Common Stock Issuance — — — — — — ($46.0m) ($76.0m) ($225.0m) ($184.0m)
Payments for Repurchase of Common Stock $164.9m $62.1m $119.1m $128.8m $315.6m $0 $28.0m $54.0m $200.0m $150.0m
Common Stock Payments — — — — — — ($46.0m) ($76.0m) ($225.0m) ($184.0m)
Dividends paid $64.4m $93.4m $111.0m $112.7m $102.8m $92.0m $92.0m $123.0m $122.0m $128.0m
Dividends Payable $23.6m $23.3m $22.5m $21.8m $20.1m $23.0m $31.0m $31.0m $30.0m $32.0m
Cash Dividends Paid — — — — — — ($92.0m) ($123.0m) ($122.0m) ($128.0m)
Common Stock Dividend Paid — — — — — — ($92.0m) ($123.0m) ($122.0m) ($128.0m)
Proceeds from (Payments for) Other Financing Activities $3.6m $8.8m ($5.4m) ($6.1m) $9.2m $12.0m $2.0m ($16.0m) $3.0m ($15.0m)
Net Other Financing Charges — — — — — — $2.0m ($16.0m) ($6.0m) ($17.0m)
Net Cash Provided by (Used in) Financing Activities ($3.1m) ($69.8m) ($310.7m) ($360.8m) ($152.0m) $1.8b ($666.0m) ($106.0m) ($489.0m) ($18.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($1.6m) $2.5m ($1.5m) $1.7m $1.2m ($2.0m) ($6.0m) ($1.0m) ($15.0m) $13.0m
Effect Of Exchange Rate Changes — — — — — — ($6.0m) ($1.0m) ($15.0m) $13.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($1.6m) $2.5m ($1.5m) $82.4m $26.1m ($7.0m) ($17.0m) $12.0m ($5.0m) $104.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $152.9m $179.0m $172.0m $155.0m $162.0m $157.0m $261.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($22.0m) $12.0m ($5.0m) $104.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $121.3m $126.8m $119.5m $116.0m $176.0m $221.0m $215.0m $213.0m
Income Taxes Paid, Net $14.5m $15.9m $25.8m $25.8m $27.2m $25.0m $43.0m $157.0m $281.0m $163.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.