10-Q Filing

GRAPHIC PACKAGING HOLDING CO CIK: 1408075 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001408075-14-000015`
Period End Date	20140331
Filing Date	20140424
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	gpk-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 32 Cash Flow Statement 54 Comprehensive Income 14

Balance Sheet 73 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`	$38.80M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.20M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.70M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.50M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$470.90M	USD	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$412.80M	USD	Point-in-time
Inventories, Net	`InventoryNet`	$557.10M	USD	Point-in-time
Inventories, Net	`InventoryNet`	$578.10M	USD	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
Deferred Income Tax Assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$171.40M	USD	Point-in-time
Deferred Income Tax Assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$171.30M	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
Other Current Assets	`OtherAssetsCurrent`	$32.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$32.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	326.94M	shares	Point-in-time
Assets Held for Sale	`AssetsHeldForSaleCurrent`	$6.60M	USD	Point-in-time
Assets Held for Sale	`AssetsHeldForSaleCurrent`	$6.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	324.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	326.94M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.23B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	324.75M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.29B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.67B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.68B	USD	Point-in-time
Goodwill	`Goodwill`	$1.08B	USD	Point-in-time
Goodwill	`Goodwill`	$1.13B	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$467.00M	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$438.60M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$55.80M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$62.60M	USD	Point-in-time
Total Assets	`Assets`	$4.54B	USD	Point-in-time
Total Assets	`Assets`	$4.56B	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$77.40M	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$79.00M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$419.20M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$428.30M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$188.70M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$205.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$711.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$686.90M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$2.18B	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$2.13B	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$351.50M	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$329.90M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$268.40M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$268.40M	USD	Point-in-time
Redeemable Noncontrolling Interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$11.00M	USD	Point-in-time
Redeemable Noncontrolling Interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$11.30M	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; 326,943,150 and 324,746,642 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValueOutstanding`	$3.30M	USD	Point-in-time
Common Stock, par value $.01 per share; 1,000,000,000 shares authorized; 326,943,150 and 324,746,642 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValueOutstanding`	$3.20M	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$1.78B	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$1.79B	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-542.60M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-507.40M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-188.20M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-184.20M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.09B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$4.56B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$4.54B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueGoodsNet`	$1.07B	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$1.10B	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$885.70M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$917.60M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$99.20M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$100.90M	USD	1 Quarter
Other Income, Net	`OtherOperatingIncomeExpenseNet`	$2.90M	USD	1 Quarter
Other Income, Net	`OtherOperatingIncomeExpenseNet`	$1.40M	USD	1 Quarter
Restructuring and Other Special Charges	`GoodwillImpairmentRestructuringAndOtherSpecialCharges`	$1.40M	USD	1 Quarter
Restructuring and Other Special Charges	`GoodwillImpairmentRestructuringAndOtherSpecialCharges`	$7.80M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$79.70M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$85.20M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$27.20M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$20.40M	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`	$59.30M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$23.70M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$24.80M	USD	1 Quarter
Income before Equity Income of Unconsolidated Entities	`IncomeLossBeforeEquityIncomeOfUnconsolidatedEntities`	$34.50M	USD	1 Quarter
Income before Equity Income of Unconsolidated Entities	`IncomeLossBeforeEquityIncomeOfUnconsolidatedEntities`	$34.30M	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`	$34.80M	USD	1 Quarter
Net Income	`ProfitLoss`	$34.60M	USD	1 Quarter
Net Loss Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-400.00K	USD	1 Quarter
Net Loss Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Net Income Attributable to Graphic Packaging Holding Company	`NetIncomeLoss`	$35.20M	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`	$0.11	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 Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	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 54 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$34.80M	USD	1 Quarter
Net Income	`ProfitLoss`	$34.60M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$65.40M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$67.00M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$23.20M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$19.50M	USD	1 Quarter
Amount of Postretirement Expense Greater (Less) Than Funding	`PostretirementBenefitPeriodExpenseGreaterOrLessThanFunding`	$700.00K	USD	1 Quarter
Amount of Postretirement Expense Greater (Less) Than Funding	`PostretirementBenefitPeriodExpenseGreaterOrLessThanFunding`	$-500.00K	USD	1 Quarter
Loss on the Sale of Assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Loss on the Sale of Assets	`GainLossOnDispositionOfAssets`	$-5.90M	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-5.50M	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-13.20M	USD	1 Quarter
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$136.20M	USD	1 Quarter
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$114.70M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.90M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$29.90M	USD	1 Quarter
Capital Spending	`PaymentsToAcquireProductiveAssets`	$32.90M	USD	1 Quarter
Capital Spending	`PaymentsToAcquireProductiveAssets`	$59.30M	USD	1 Quarter
Proceeds Received from the Sale of Assets, Net of Selling Costs	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds Received from the Sale of Assets, Net of Selling Costs	`ProceedsFromSaleOfProductiveAssets`	$70.70M	USD	1 Quarter
Other, Net	`PaymentsForProceedsFromOtherInvestingActivities`	$500.00K	USD	1 Quarter
Other, Net	`PaymentsForProceedsFromOtherInvestingActivities`	$800.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$10.90M	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.70M	USD	1 Quarter
Payments on Debt	`RepaymentsOfLongTermDebt`	$13.00M	USD	1 Quarter
Payments on Debt	`RepaymentsOfLongTermDebt`	$15.40M	USD	1 Quarter
Borrowings under Revolving Credit Facilities	`ProceedsFromLinesOfCredit`	$267.30M	USD	1 Quarter
Borrowings under Revolving Credit Facilities	`ProceedsFromLinesOfCredit`	$409.70M	USD	1 Quarter
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$294.20M	USD	1 Quarter
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$355.50M	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`	$15.80M	USD	1 Quarter
Other, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-500.00K	USD	1 Quarter
Other, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$4.10M	USD	1 Quarter
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-58.60M	USD	1 Quarter
Net Cash (Used in) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$34.40M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.50M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$300.00K	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.70M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.50M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$38.80M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$52.20M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$34.70M	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`	$51.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$38.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$52.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.70M	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`	$51.50M	USD	Point-in-time
Total Consideration Received from the Sale of Assets, Net of Selling Costs	`NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1`	$-78.80M	USD	1 Quarter
Cash Proceeds Received from the Sale of Assets, Net of Selling Costs	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Cash Proceeds Received from the Sale of Assets, Net of Selling Costs	`ProceedsFromSaleOfProductiveAssets`	$70.70M	USD	1 Quarter
Non-cash Consideration Received from the Sale of Assets, Net of Selling Costs	`NoncashAmountofConsiderationReceived`	$-8.10M	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$34.80M	USD	1 Quarter
Net Income	`ProfitLoss`	$34.60M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.30M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.40M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.10M	USD	1 Quarter
gpk_OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest	`Gpk_OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest`	$4.10M	USD	1 Quarter
gpk_OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest	`Gpk_OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest`	$-7.00M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$27.60M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$38.90M	USD	1 Quarter
Comprehensive Loss Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Comprehensive Loss Attributable to Noncontrolling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Comprehensive Income Attributable to Graphic Packaging Holding Company	`ComprehensiveIncomeNetOfTax`	$39.20M	USD	1 Quarter
Comprehensive Income Attributable to Graphic Packaging Holding Company	`ComprehensiveIncomeNetOfTax`	$27.90M	USD	1 Quarter

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