10-Q Filing

GRAPHIC PACKAGING HOLDING CO CIK: 1408075 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001408075-13-000017`
Period End Date	20130331
Filing Date	20130425
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	gpk-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 50 Comprehensive Income 14

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$271.80M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.50M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.80M	USD	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$497.60M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$461.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, Net	`InventoryNet`	$531.20M	USD	Point-in-time
Inventories, Net	`InventoryNet`	$578.90M	USD	Point-in-time
Deferred Income Tax Assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$117.70M	USD	Point-in-time
Deferred Income Tax Assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$140.70M	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`	1.00B	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$18.40M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$22.90M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.26B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	344.53M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.20B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	347.52M	shares	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.71B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	347.52M	shares	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.68B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	344.53M	shares	Point-in-time
Goodwill	`Goodwill`	$1.16B	USD	Point-in-time
Goodwill	`Goodwill`	$1.16B	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$489.30M	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$499.20M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$47.10M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$43.40M	USD	Point-in-time
Total Assets	`Assets`	$4.62B	USD	Point-in-time
Total Assets	`Assets`	$4.63B	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$79.80M	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$88.00M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$453.70M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$439.20M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$25.60M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$10.10M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$161.80M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$209.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$714.60M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$752.90M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$2.28B	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$2.25B	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$137.00M	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$140.50M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$494.30M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$483.60M	USD	Point-in-time
Redeemable Noncontrolling Interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$10.80M	USD	Point-in-time
Redeemable Noncontrolling Interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$10.50M	USD	Point-in-time
Preferred Stock, par value $.01 per share; 100,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $.01 per share; 100,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $.01 per share; 1,000,000,000 shares authorized; 347,520,183 and 344,534,039 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValueOutstanding`	$3.50M	USD	Point-in-time
Common Stock, par value $.01 per share; 1,000,000,000 shares authorized; 347,520,183 and 344,534,039 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValueOutstanding`	$3.40M	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$1.92B	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$1.91B	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-633.20M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-598.30M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-318.30M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-311.30M	USD	Point-in-time
Total Graphic Packaging Holding Company Shareholders' Equity	`StockholdersEquity`	$974.00M	USD	Point-in-time
Total Graphic Packaging Holding Company Shareholders' Equity	`StockholdersEquity`	$1.00B	USD	Point-in-time
Noncontrolling Interests	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling Interests	`MinorityInterest`	$-1.70M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.00B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$972.30M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$4.63B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$4.62B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueGoodsNet`	$1.10B	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$1.07B	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$897.60M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$917.60M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$96.30M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$99.20M	USD	1 Quarter
Other Income, Net	`OtherOperatingIncomeExpenseNet`	$1.20M	USD	1 Quarter
Other Income, Net	`OtherOperatingIncomeExpenseNet`	$2.90M	USD	1 Quarter
Restructuring and Other Special Charges	`GoodwillImpairmentRestructuringAndOtherSpecialCharges`	$3.50M	USD	1 Quarter
Restructuring and Other Special Charges	`GoodwillImpairmentRestructuringAndOtherSpecialCharges`	$1.40M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$85.20M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$71.00M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$27.20M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$32.10M	USD	1 Quarter
Loss on Modification or Extinguishment of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on Modification or Extinguishment of Debt	`GainsLossesOnExtinguishmentOfDebt`	$-8.90M	USD	1 Quarter
Income before Income Taxes and Equity Income of Unconsolidated Entities	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.00M	USD	1 Quarter
Income before Income Taxes and Equity Income of Unconsolidated Entities	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.00M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$13.00M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$23.70M	USD	1 Quarter
Income before Equity Income of Unconsolidated Entities	`IncomeLossBeforeEquityIncomeOfUnconsolidatedEntities`	$34.30M	USD	1 Quarter
Income before Equity Income of Unconsolidated Entities	`IncomeLossBeforeEquityIncomeOfUnconsolidatedEntities`	$17.00M	USD	1 Quarter
Equity Income of Unconsolidated Entities	`IncomeLossFromEquityMethodInvestments`	$300.00K	USD	1 Quarter
Equity Income of Unconsolidated Entities	`IncomeLossFromEquityMethodInvestments`	$300.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$17.30M	USD	1 Quarter
Net Income	`ProfitLoss`	$34.60M	USD	1 Quarter
Net Loss (Income) Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Net Loss (Income) Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Net Income Attributable to Graphic Packaging Holding Company	`NetIncomeLoss`	$17.20M	USD	1 Quarter
Net Income Attributable to Graphic Packaging Holding Company	`NetIncomeLoss`	$34.90M	USD	1 Quarter
Net Income Per Share Attributable to Graphic Packaging Holding Company Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Net Income Per Share Attributable to Graphic Packaging Holding Company Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net Income Per Share Attributable to Graphic Packaging Holding Company Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Net Income Per Share Attributable to Graphic Packaging Holding Company Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$17.30M	USD	1 Quarter
Net Income	`ProfitLoss`	$34.60M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$67.90M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$65.40M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$10.90M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$19.50M	USD	1 Quarter
Amount of Postretirement Expense (Less) Greater Than Funding	`PostretirementBenefitPeriodExpenseGreaterOrLessThanFunding`	$-3.70M	USD	1 Quarter
Amount of Postretirement Expense (Less) Greater Than Funding	`PostretirementBenefitPeriodExpenseGreaterOrLessThanFunding`	$700.00K	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-21.60M	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-5.50M	USD	1 Quarter
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$88.90M	USD	1 Quarter
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$136.20M	USD	1 Quarter
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$32.50M	USD	1 Quarter
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.90M	USD	1 Quarter
Capital Spending	`PaymentsToAcquireProductiveAssets`	$32.90M	USD	1 Quarter
Capital Spending	`PaymentsToAcquireProductiveAssets`	$41.70M	USD	1 Quarter
Proceeds from Sale of Assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds from Sale of Assets	`ProceedsFromSaleOfProductiveAssets`	$2.80M	USD	1 Quarter
Other, Net	`PaymentsForProceedsFromOtherInvestingActivities`	$800.00K	USD	1 Quarter
Other, Net	`PaymentsForProceedsFromOtherInvestingActivities`	$700.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.60M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.70M	USD	1 Quarter
Proceeds from Issuance or Modification of Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Proceeds from Issuance or Modification of Debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	1 Quarter
Payments on Debt	`RepaymentsOfLongTermDebt`	$1.68B	USD	1 Quarter
Payments on Debt	`RepaymentsOfLongTermDebt`	$13.00M	USD	1 Quarter
Borrowings under Revolving Credit Facilities	`ProceedsFromLinesOfCredit`	$409.70M	USD	1 Quarter
Borrowings under Revolving Credit Facilities	`ProceedsFromLinesOfCredit`	$536.30M	USD	1 Quarter
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$355.50M	USD	1 Quarter
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$70.30M	USD	1 Quarter
Debt Issuance Costs	`DebtRedemptionAndIssuanceCosts`	-	USD	1 Quarter
Debt Issuance Costs	`DebtRedemptionAndIssuanceCosts`	$22.80M	USD	1 Quarter
Repurchase of Common Stock related to Share-Based Payments	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.90M	USD	1 Quarter
Repurchase of Common Stock related to Share-Based Payments	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.20M	USD	1 Quarter
Other, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$8.90M	USD	1 Quarter
Other, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$4.10M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-235.50M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$34.40M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.00M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.50M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-241.60M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.70M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$271.80M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$51.50M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$30.20M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$38.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$271.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$51.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$38.80M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$17.30M	USD	1 Quarter
Net Income	`ProfitLoss`	$34.60M	USD	1 Quarter
Net Current-period Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.30M	USD	1 Quarter
Net Current-period Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.00M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.10M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.00M	USD	1 Quarter
Net Current-period Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-7.00M	USD	1 Quarter
Net Current-period Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.60M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$27.60M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$25.90M	USD	1 Quarter
Comprehensive Loss Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Comprehensive Loss Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Graphic Packaging Holding Company	`ComprehensiveIncomeNetOfTax`	$27.90M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Graphic Packaging Holding Company	`ComprehensiveIncomeNetOfTax`	$25.80M	USD	1 Quarter

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