10-Q Filing

GRAPHIC PACKAGING HOLDING CO CIK: 1408075 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001408075-15-000017`
Period End Date	20150331
Filing Date	20150423
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	gpk-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 35 Cash Flow Statement 58 Comprehensive Income 14

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.60M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.70M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.20M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$483.10M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$408.30M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, Net	`InventoryNet`	$563.30M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, Net	`InventoryNet`	$521.80M	USD	Point-in-time
Deferred Income Tax Assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$179.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Deferred Income Tax Assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$177.20M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$43.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	327.04M	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$32.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	328.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	327.04M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	328.84M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.22B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.31B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.56B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.55B	USD	Point-in-time
Goodwill	`Goodwill`	$1.12B	USD	Point-in-time
Goodwill	`Goodwill`	$1.18B	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$385.60M	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$378.80M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$59.90M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$62.80M	USD	Point-in-time
Total Assets	`Assets`	$4.33B	USD	Point-in-time
Total Assets	`Assets`	$4.49B	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$32.20M	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$35.00M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$424.90M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$435.40M	USD	Point-in-time
Compensation and Employee Benefits	`EmployeeRelatedLiabilitiesCurrent`	$118.60M	USD	Point-in-time
Compensation and Employee Benefits	`EmployeeRelatedLiabilitiesCurrent`	$99.10M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$16.40M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$9.40M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$91.60M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$91.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$676.70M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$677.20M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$1.94B	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$2.07B	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$345.30M	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$309.30M	USD	Point-in-time
Accrued Pension and Postretirement Benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$302.10M	USD	Point-in-time
Accrued Pension and Postretirement Benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$312.80M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$78.10M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$83.70M	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; 328,835,698 and 327,044,500 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValueOutstanding`	$3.30M	USD	Point-in-time
Common Stock, par value $.01 per share; 1,000,000,000 shares authorized; 328,835,698 and 327,044,500 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValueOutstanding`	$3.30M	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$1.78B	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$1.80B	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-452.90M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-416.80M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-334.60M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-351.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.49B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.33B	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueGoodsNet`	$1.07B	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$1.01B	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$885.70M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$818.60M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$85.40M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$100.90M	USD	1 Quarter
Other Income, Net	`OtherOperatingIncomeExpenseNet`	$3.30M	USD	1 Quarter
Other Income, Net	`OtherOperatingIncomeExpenseNet`	$1.40M	USD	1 Quarter
Restructuring and Other Special Charges	`GoodwillImpairmentRestructuringAndOtherSpecialCharges`	$2.20M	USD	1 Quarter
Restructuring and Other Special Charges	`GoodwillImpairmentRestructuringAndOtherSpecialCharges`	$7.80M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$105.30M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$79.70M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$16.90M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$20.40M	USD	1 Quarter
Income before Income Taxes and Equity Income of Unconsolidated Entity	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$88.40M	USD	1 Quarter
Income before Income Taxes and Equity Income of Unconsolidated Entity	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.30M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$33.60M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$24.80M	USD	1 Quarter
Income before Equity Income of Unconsolidated Entity	`IncomeLossBeforeEquityIncomeOfUnconsolidatedEntities`	$54.80M	USD	1 Quarter
Income before Equity Income of Unconsolidated Entity	`IncomeLossBeforeEquityIncomeOfUnconsolidatedEntities`	$34.50M	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`	$55.10M	USD	1 Quarter
Net Loss Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-400.00K	USD	1 Quarter
Net Loss Attributable to Noncontrolling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Income Attributable to Graphic Packaging Holding Company	`NetIncomeLoss`	$55.10M	USD	1 Quarter
Net Income Attributable to Graphic Packaging Holding Company	`NetIncomeLoss`	$35.20M	USD	1 Quarter
Net Income Per Share Attributable to Graphic Packaging Holding Company Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	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 Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Net Income Per Share Attributable to Graphic Packaging Holding Company Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	Point-in-time
Cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$34.80M	USD	1 Quarter
Net Income	`ProfitLoss`	$55.10M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$67.00M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$68.10M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$23.20M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$29.90M	USD	1 Quarter
Amount of Postretirement Expense (Less) Greater Than Funding	`PostretirementBenefitPeriodExpenseGreaterOrLessThanFunding`	$500.00K	USD	1 Quarter
Amount of Postretirement Expense (Less) Greater Than Funding	`PostretirementBenefitPeriodExpenseGreaterOrLessThanFunding`	$-8.10M	USD	1 Quarter
Loss on the Sale of Assets	`GainLossOnDispositionOfAssets`	$-5.90M	USD	1 Quarter
Loss on the Sale of Assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-13.20M	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-10.70M	USD	1 Quarter
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$128.00M	USD	1 Quarter
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$114.70M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$29.90M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$27.70M	USD	1 Quarter
Capital Spending	`PaymentsToAcquireProductiveAssets`	$60.70M	USD	1 Quarter
Capital Spending	`PaymentsToAcquireProductiveAssets`	$59.30M	USD	1 Quarter
Acquisition of Businesses, Net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of Businesses, Net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$116.60M	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`	$100.00K	USD	1 Quarter
Net Cash (Used in) Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$10.90M	USD	1 Quarter
Net Cash (Used in) Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-177.40M	USD	1 Quarter
Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$4.00M	USD	1 Quarter
Payments on Debt	`RepaymentsOfLongTermDebt`	$6.30M	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`	$396.70M	USD	1 Quarter
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$251.30M	USD	1 Quarter
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$294.20M	USD	1 Quarter
Repurchase of Common Stock related to Share-Based Payments	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.10M	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`	-	USD	1 Quarter
Net Cash Provided by (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$115.00M	USD	1 Quarter
Net Cash Provided by (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-58.60M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.50M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$300.00K	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.50M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.20M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$81.60M	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`	$52.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$81.60M	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`	$52.20M	USD	Point-in-time
Total Consideration Received from the Sale of Assets, Net of Selling Costs	`NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1`	$78.80M	USD	1 Quarter
Total Consideration Received from the Sale of Assets, Net of Selling Costs	`NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1`	-	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
Non-cash Consideration Received from the Sale of Assets, Net of Selling Costs	`NoncashAmountofConsiderationReceived`	-	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`	$55.10M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$500.00K	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.40M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.10M	USD	1 Quarter
Total Other Comprehensive (Loss) Income, Net of Tax	`Gpk_OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest`	$4.10M	USD	1 Quarter
Total Other Comprehensive (Loss) Income, Net of Tax	`Gpk_OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest`	$-16.40M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$38.70M	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`	-	USD	1 Quarter
Comprehensive Income Attributable to Graphic Packaging Holding Company	`ComprehensiveIncomeNetOfTax`	$38.70M	USD	1 Quarter
Comprehensive Income Attributable to Graphic Packaging Holding Company	`ComprehensiveIncomeNetOfTax`	$39.20M	USD	1 Quarter

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