← PACKAGING CORP OF AMERICA
| 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 (Loss) Attributable to Parent | $449.6m | $668.6m | $738.0m | $696.4m | $461.0m | $841.1m | $1.0b | $765.2m | $805.1m | $774.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $445.2m | $663.0m | $732.3m | $691.2m | $457.4m | $834.7m | $1.0b | $759.0m | $799.5m | $768.9m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $668.6m | $738.0m | $696.4m | $461.0m | $841.1m | $1.0b | $765.2m | $805.1m | $774.1m | |
| Depreciation, Depletion and Amortization | $358.0m | $391.4m | $410.9m | $387.5m | $410.0m | $417.5m | $456.8m | $517.7m | $525.6m | $652.8m | |
| Amortization of Deferred Charges | $7.8m | $10.0m | $8.6m | $23.4m | $2.6m | $4.4m | $2.1m | $2.2m | $2.3m | $5.3m | |
| Amortization of Debt Issuance Costs | $1.9m | $4.0m | $2.7m | $4.5m | $2.0m | $3.4m | $1.6m | $1.6m | $1.8m | $4.9m | |
| Amortization of Intangible Assets | $26.6m | $35.7m | $40.5m | $38.6m | $42.9m | $37.7m | $39.1m | $38.3m | $37.7m | $49.6m | |
| Capitalized Computer Software, Amortization | $2.5m | $2.3m | $2.1m | $900k | $1.1m | $1.6m | — | $1.4m | $600k | $300k | |
| Depreciation | $324.1m | $347.8m | $361.7m | $346.8m | $362.5m | $376.0m | $413.7m | $475.3m | $485.3m | $600.9m | |
| Deferred Income Tax Expense (Benefit) | ($4.0m) | ($84.5m) | $38.7m | $60.3m | $34.7m | $59.4m | $86.0m | $5.2m | ($4.2m) | $97.3m | |
| Share-based Payment Arrangement, Noncash Expense | $19.7m | $20.6m | $23.5m | $30.4m | $30.0m | $35.5m | $35.6m | $40.0m | $48.8m | $45.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $11.2m | $10.8m | $7.9m | $8.2m | $10.5m | $12.9m | $15.4m | $15.7m | $25.7m | $23.6m | |
| Share-based Payment Arrangement, Expense | $19.7m | $20.6m | $23.5m | $30.4m | $30.0m | $35.5m | $35.6m | $40.0m | $48.8m | $45.2m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | ($13.5m) | ($3.1m) | — | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | — | — | $55.2m | $0 | $0 | — | — | — | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($11.9m) | ($10.5m) | ($17.3m) | ($25.0m) | ($26.5m) | ($38.9m) | ($44.5m) | ($31.7m) | ($39.7m) | ($40.8m) | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | ($6.8m) | ($6.1m) | ($15.2m) | ($9.1m) | ($19.5m) | ($29.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($7.3m) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($22.2m) | — | ($56.1m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $238.9m | $160.0m | $232.5m | $220.6m | $171.7m | $267.6m | $335.0m | $248.9m | $259.3m | $253.7m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $3.6m | $115.1m | $56.1m | ($56.4m) | ($13.2m) | $227.2m | ($39.3m) | $1.4m | $110.7m | $10.3m | |
| Increase (Decrease) in Inventories | $25.7m | $21.0m | $35.6m | ($1.4m) | ($6.3m) | $105.5m | $75.2m | $35.8m | $111.8m | ($4.4m) | |
| Increase (Decrease) in Accounts Payable | $16.6m | $41.0m | ($17.6m) | ($32.4m) | $39.7m | $12.2m | ($18.1m) | $11.4m | $18.3m | ($42.5m) | |
| Asset Retirement Obligation, Accretion Expense | $2.3m | $1.3m | $1.6m | $1.5m | $1.3m | $1.2m | $1.3m | $1.6m | $1.5m | $1.5m | |
| Gain (Loss) Related to Litigation Settlement | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill | $737.9m | $883.2m | $917.3m | $918.7m | $863.5m | $923.5m | $922.4m | $922.4m | $922.4m | $1.4b | |
| Operating Costs and Expenses | — | $18.4m | $41.2m | $32.7m | $50.7m | $54.8m | $61.3m | $42.9m | $71.5m | — | |
| Payments of Financing Costs | $2.0m | $6.8m | — | $8.3m | — | $2.4m | $0 | $1.1m | $0 | $6.3m | |
| Proceeds from Stock Options Exercised | $0 | — | — | — | — | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | ($5.7m) | ($5.7m) | ($5.3m) | ($18.2m) | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($3.5m) | ($3.5m) | — | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | ($24.3m) | $3.9m | ($6.7m) | ($6.7m) | ($5.1m) | ($12.9m) | ($10.0m) | ($1.5m) | ($23.2m) | ($148.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $801.2m | $856.1m | $1.2b | $1.2b | $1.0b | $1.1b | $1.5b | $1.3b | $1.2b | $1.6b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $274.3m | $343.0m | $551.4m | $399.5m | $421.2m | $605.1m | $824.2m | $469.7m | $669.7m | $828.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $485.4m | $273.8m | $56.3m | — | — | $194.9m | $0 | $0 | — | $1.8b | |
| Payments for (Proceeds from) Other Investing Activities | ($500k) | $1.1m | ($2.5m) | $1.3m | — | $0 | ($1.9m) | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($769.6m) | ($609.1m) | ($608.2m) | ($546.6m) | ($426.1m) | ($794.4m) | ($833.7m) | ($875.1m) | ($277.8m) | ($2.6b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $385.0m | $997.8m | — | $895.8m | — | $690.2m | $0 | $397.1m | $0 | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | $82.8m | $100.2m | $87.6m | $97.3m | $98.2m | $101.7m | |
| Payments for Repurchase of Common Stock | $100.3m | — | — | — | — | $193.0m | $522.6m | $41.5m | $0 | $153.0m | |
| Payments of Ordinary Dividends, Common Stock | $216.1m | $237.6m | $268.1m | $298.7m | $299.6m | $379.8m | $420.3m | $448.9m | $448.8m | $449.6m | |
| Dividends Payable, Current | $59.9m | $60.5m | $76.1m | $76.6m | $97.0m | $96.3m | $115.5m | $115.9m | $116.3m | $116.1m | |
| Proceeds from (Payments for) Other Financing Activities | ($100k) | ($100k) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $23.5m | ($269.4m) | ($427.3m) | ($342.8m) | ($311.6m) | ($655.6m) | ($960.0m) | ($112.0m) | ($876.4m) | $859.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $318.0m | $295.1m | ($355.9m) | ($298.7m) | $328.0m | $37.0m | ($156.0m) | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $174.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.