10-Q Filing

PACKAGING CORP OF AMERICA CIK: 75677 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-191856`
Period End Date	20130331
Filing Date	20130501
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	pkg-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 42 Cash Flow Statement 63

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$5.35M	USD	Point-in-time
Allowance for doubtful accounts and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$5.83M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	98.09M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	98.14M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$268.04M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts and customer deductions of $5,827 and $5,353 as of March 31, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$352.14M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts and customer deductions of $5,827 and $5,353 as of March 31, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$391.68M	USD	Point-in-time
Inventories	`InventoryNet`	$268.77M	USD	Point-in-time
Inventories	`InventoryNet`	$270.18M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$24.28M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$36.13M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$65.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$21.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$22.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$937.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.01B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.35B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.37B	USD	Point-in-time
Goodwill	`Goodwill`	$67.16M	USD	Point-in-time
Goodwill	`Goodwill`	$67.16M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$37.44M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$38.28M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$46.50M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$45.22M	USD	Point-in-time
Total assets	`Assets`	$2.45B	USD	Point-in-time
Total assets	`Assets`	$2.52B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$15.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$15.00M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$980.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsCurrent`	$964.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$142.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$117.51M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$30.67M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$3.68M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$5.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$91.72M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$122.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$259.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$286.38M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$774.89M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$778.63M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$24.90M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$24.65M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$125.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$123.78M	USD	Point-in-time
Pension and postretirement benefit plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$171.16M	USD	Point-in-time
Pension and postretirement benefit plans	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$164.54M	USD	Point-in-time
Cellulosic biofuel tax reserve	`CellulosicBiofuelTaxReserve`	$102.05M	USD	Point-in-time
Cellulosic biofuel tax reserve	`CellulosicBiofuelTaxReserve`	$102.05M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$31.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$29.23M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.23B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.22B	USD	Point-in-time
Common stock, par value $0.01 per share, 300,000,000 shares authorized, 98,093,425 and 98,142,782 shares issued as of March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$981.00K	USD	Point-in-time
Common stock, par value $0.01 per share, 300,000,000 shares authorized, 98,093,425 and 98,142,782 shares issued as of March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$981.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$382.39M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$378.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$703.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$729.73M	USD	Point-in-time
Unfunded employee benefit obligations	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$80.11M	USD	Point-in-time
Unfunded employee benefit obligations	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$82.00M	USD	Point-in-time
Total accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-114.04M	USD	Point-in-time
Total accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-111.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.00B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$969.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.45B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.52B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$755.21M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$671.36M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$572.78M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$526.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$145.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$182.43M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.69M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.94M	USD	1 Quarter
Corporate overhead	`CorporateOverhead`	$19.54M	USD	1 Quarter
Corporate overhead	`CorporateOverhead`	$16.89M	USD	1 Quarter
Alternative fuel mixture credits	`AlternativeFuelMixtureCredits`	$95.50M	USD	1 Quarter
Other expense, net	`OtherOperatingIncomeExpenseNet`	$-3.96M	USD	1 Quarter
Other expense, net	`OtherOperatingIncomeExpenseNet`	$-2.58M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$103.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$169.11M	USD	1 Quarter
Interest expense, net	`InterestExpenseNet`	$9.68M	USD	1 Quarter
Interest expense, net	`InterestExpenseNet`	$9.25M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$94.00M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$159.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$141.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.84M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	96.42M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	96.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.42M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.73M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.31	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.25	USD	1 Quarter
Fair value adjustments to cash flow hedges	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$7.52M	USD	1 Quarter
Reclassification adjustment for cash flow hedges included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$869.00K	USD	1 Quarter
Reclassification adjustment for cash flow hedges included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$-277.00K	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnPensionAndOtherPostretirementBenefitPlansIncludedInNetIncomeNetOfTax`	$1.89M	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnPensionAndOtherPostretirementBenefitPlansIncludedInNetIncomeNetOfTax`	$1.67M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.76M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.91M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$26.76M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$63.37M	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$60.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.84M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$42.64M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$42.68M	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$205.00K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$196.00K	USD	1 Quarter
Amortization of net (gain) loss on treasury lock	`DerivativeInstrumentsGainLossRecognizedInIncomeNet`	$-1.41M	USD	1 Quarter
Amortization of net (gain) loss on treasury lock	`DerivativeInstrumentsGainLossRecognizedInIncomeNet`	$462.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.59M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$3.64M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$146.76M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-877.00K	USD	1 Quarter
Alternative fuel mixture credits	`AlternativeFuelMixtureCreditChange`	$-6.93M	USD	1 Quarter
Alternative fuel mixture credits	`AlternativeFuelMixtureCreditChange`	$119.24M	USD	1 Quarter
Loss on disposals of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.41M	USD	1 Quarter
Loss on disposals of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.25M	USD	1 Quarter
Pension and postretirement benefits	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$-10.12M	USD	1 Quarter
Pension and postretirement benefits	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$-5.42M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$721.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$58.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.12M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$39.54M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.73M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.41M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.66M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.86M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.93M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.54M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.64M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-22.83M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$95.77M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.95M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.28M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.81M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$35.53M	USD	1 Quarter
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$1.73M	USD	1 Quarter
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$1.41M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$46.00K	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.96M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.74M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$3.98M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$3.96M	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$19.66M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.34M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$23.23M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.71M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$10.22M	USD	1 Quarter
Excess tax benefits from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$763.00K	USD	1 Quarter
Excess tax benefits from share-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.13M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.31M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.16M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-35.50M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.64M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-72.30M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$207.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.02M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$156.31M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$268.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$207.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$156.31M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$268.04M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.