GRAPHIC PACKAGING HOLDING CO

Listed Company

GPKCIK 0001408075NYSELarge AcceleratedPaperboard Containers & BoxesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$8.62B

Net Income

$444.00M

Total Assets

$11.78B

Equity

$3.34B

Shares Out

295.74M

Op. Cash Flow

$841.00M

Business

Graphic Packaging Holding Company designs, manufactures and supplies consumer packaging solutions made primarily from renewable and recycled paperboard for food, beverage, foodservice and other consumer markets. Its principal products and services include paperboard cartons, multipacks, trays, carriers, paperboard canisters, cups, bowls, and proprietary packaging machinery along with installation, service and performance monitoring. The business is organized into three reportable segments: Americas Paperboard Packaging, Europe Paperboard Packaging and Paperboard Manufacturing. The Company operates across the Americas, Europe and Asia Pacific, selling to local and multinational consumer products companies and retailers through sales offices and broker arrangements.

Summary from filing dated 2025-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Sales	8,617	8,807	9,428	9,440	7,156
Cost of Sales	7,015	6,845	7,311	7,610	6,085
Selling, General and Administrative	704	774	805	774	528
Other Expense, Net	53	64	64	19	−2
Business Combinations, Exit Activities and Other Special Items, Net	41	5	74	131	138
Income from Operations	804	1,119	1,174	906	407
Nonoperating Pension and Postretirement Benefit Expense	−2	−3	−3	7	5
Interest Expense, Net	−220	−230	−239	−197	—
Income before Income Taxes and Equity Income of Unconsolidated Entity	582	886	932	—	—
Income Tax Expense	−139	−229	−210	−194	−74
Income before Equity Income of Unconsolidated Entity	443	657	722	522	215
Equity Income of Unconsolidated Entity	1	1	1	0	1
Net Income	444	658	723	522	204
Net Income Per Share Basic (in dollars per share)	1.48	2.16	2.35	1.69	0.69
Net Income Per Share Diluted (in dollars per share)	1.48	2.16	2.34	1.69	0.68

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	261	157	162	150	172
Receivables, Net	760	759	835	879	859
Inventories, Net	1,766	1,754	1,754	1,606	1,387
Assets Held for Sale	10	15	0	—	—
Other Current Assets	126	99	94	71	84
Total Current Assets	2,923	2,784	2,845	2,706	2,502
Property, Plant and Equipment, Net	5,669	5,258	4,992	4,579	—
Goodwill	2,065	1,993	2,103	1,979	2,015
Intangible Assets, Net	670	667	820	717	868
Other Assets	448	442	415	347	395
Total Assets	11,775	11,144	11,175	10,328	10,457
Short-Term Debt and Current Portion of Long-Term Debt	549	39	764	53	279
Accounts Payable	1,027	1,116	1,094	1,123	1,125
Compensation and Employee Benefits	180	176	273	295	211
Interest Payable	75	73	63	51	35
Other Accrued Liabilities	413	499	395	411	399
Total Current Liabilities	2,244	1,903	2,589	1,933	2,049
Long-Term Debt	5,022	5,145	4,609	5,200	5,515
Deferred Income Tax Liabilities	688	613	731	668	579
Accrued Pension and Postretirement Benefits	93	94	104	111	139
Other Noncurrent Liabilities	391	376	360	266	282
Total Liabilities and Shareholders' Equity	11,775	11,144	11,175	10,328	10,457
Commitments (Note 13)	—	—	—	—	—
Preferred stock, shares outstanding (in shares)	0	0	0	0	0
Preferred stock, shares issued (in shares)	0	0	0	0	0
Preferred Stock, par value $0.01 per share; 100,000,000 shares authorized; no shares issued or outstanding	0	0	0	0	0
Common Stock, par value $0.01 per share; 1,000,000,000 shares authorized; 295,128,049 and 300,163,372 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	3	3	3	3	3
Capital in Excess of Par Value	1,981	2,054	2,062	2,054	2,046
Retained Earnings	1,614	1,410	1,029	469	66
Accumulated Other Comprehensive Loss	−262	−455	−313	−377	−224
Total Graphic Packaging Holding Company Shareholders' Equity	3,336	3,012	2,781	2,149	1,891
Noncontrolling Interest	1	1	1	1	2
Total Equity	3,337	3,013	2,782	2,150	1,893

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and Amortization	536	557	619	553	489
Amortization of Deferred Debt Issuance Costs	6	6	6	9	9
Deferred Income Taxes	107	−119	22	131	55
Amount of Postretirement Expense Less Than Funding	−5	−3	−5	—	—
Gain on Disposal of Business	0	−75	0	0	—
Asset Impairment Charges	0	0	29	96	0
Share-Based Compensation Expense, Net	2	62	44	34	—
Other, Net	−36	23	14	−19	93
Changes in Operating Assets and Liabilities, Net of Acquisitions (See Note 3)	−213	−269	−308	−218	−229
Net Cash Provided by Operating Activities	841	840	1,144	1,090	609
Capital Spending	−922	−1,203	−804	−522	−775
Acquisition of Businesses, Net of Cash Acquired	−29	0	−361	0	−1,704
Proceeds from the Sale of Business and Properties	45	711	0	0	—
Beneficial Interest on Sold Receivables	275	250	184	125	130
Beneficial Interest Obtained in Exchange for Proceeds	−104	−98	−45	−6	−11
Other, Net	3	−2	1	−5	−5
Net Cash Used in Investing Activities	−732	−342	−1,025	−435	−2,392
Repurchase of Common Stock	−150	−200	−54	−28	0
Payments on Debt	−14	−23	−26	−14	−16
Proceeds from Issuance of Debt	99	750	0	0	2,965
Retirement of Long-Term Debt	0	−700	0	−250	−1,626
Borrowings under Revolving Credit Facilities	3,397	4,584	4,449	3,929	4,485
Payments on Revolving Credit Facilities	−3,171	−4,747	−4,314	−4,195	−3,649
Debt Issuance Costs	−2	−9	0	0	−27
Repurchase of Common Stock related to Share-Based Payments	−34	−25	−22	−18	−15
Dividends Paid	−128	−122	−123	−92	−92
Other, Net	−15	3	−16	2	12
Net Cash Used in Financing Activities	−18	−489	−106	−666	1,778
Increase in cash and cash equivalents, including cash classified within assets held for sale	91	9	13	−11	−5
Less: Cash reclassified to Assets Held for Sale	0	1	0	5	0
Effect of Exchange Rate Changes on Cash	13	−15	−1	−6	−2
Net Increase (Decrease) in Cash and Cash Equivalents	104	−5	12	−22	−7
Beneficial Interest Obtained in Exchange for Trade Receivables	159	160	141	118	121
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities	86	104	70	52	118
Right-of-Use Assets Obtained in Exchange for New Finance Lease Liabilities	0	1	0	42	11

Filings

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