10-Q Filing

GRAPHIC PACKAGING HOLDING CO CIK: 1408075 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001408075-16-000064`
Period End Date	20160331
Filing Date	20160428
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	gpk-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 29 Cash Flow Statement 52 Comprehensive Income 12

Balance Sheet 72 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 (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.60M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.60M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.90M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$423.90M	USD	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$474.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, Net	`InventoryNet`	$599.40M	USD	Point-in-time
Inventories, Net	`InventoryNet`	$557.10M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$41.20M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$30.90M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	324.69M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.07B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.19B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	322.67M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	324.69M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	322.67M	shares	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.69B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.59B	USD	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Goodwill	`Goodwill`	$1.17B	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$482.10M	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$386.70M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$48.40M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$49.20M	USD	Point-in-time
Total Assets	`Assets`	$4.26B	USD	Point-in-time
Total Assets	`Assets`	$4.69B	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$36.60M	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$33.30M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$457.90M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$406.50M	USD	Point-in-time
Compensation and Employee Benefits	`EmployeeRelatedLiabilitiesCurrent`	$119.70M	USD	Point-in-time
Compensation and Employee Benefits	`EmployeeRelatedLiabilitiesCurrent`	$103.00M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$16.60M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$9.20M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$111.40M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$108.80M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$732.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$670.80M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$1.84B	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$2.27B	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$338.00M	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$266.70M	USD	Point-in-time
Accrued Pension and Postretirement Benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$237.30M	USD	Point-in-time
Accrued Pension and Postretirement Benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$247.30M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$77.50M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$69.30M	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; 322,669,785 and 324,688,717 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValueOutstanding`	$3.20M	USD	Point-in-time
Common Stock, par value $.01 per share; 1,000,000,000 shares authorized; 322,669,785 and 324,688,717 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValueOutstanding`	$3.20M	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$1.75B	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$1.77B	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-310.60M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-326.80M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-345.70M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-339.10M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.10B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.10B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.26B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.69B	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueGoodsNet`	$1.01B	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$1.03B	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$818.60M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$826.30M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$85.40M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$89.10M	USD	1 Quarter
Other Expense (Income), Net	`OtherOperatingIncomeExpenseNet`	$3.30M	USD	1 Quarter
Other Expense (Income), Net	`OtherOperatingIncomeExpenseNet`	$-900.00K	USD	1 Quarter
Business Combinations and Other Special Charges	`BusinessCombinationsandOtherSpecialCharges`	$2.20M	USD	1 Quarter
Business Combinations and Other Special Charges	`BusinessCombinationsandOtherSpecialCharges`	$10.50M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$105.30M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$107.20M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$16.90M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$16.90M	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`	$90.30M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$33.20M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$33.60M	USD	1 Quarter
Income before Equity Income of Unconsolidated Entity	`IncomeLossBeforeEquityIncomeOfUnconsolidatedEntities`	$57.10M	USD	1 Quarter
Income before Equity Income of Unconsolidated Entity	`IncomeLossBeforeEquityIncomeOfUnconsolidatedEntities`	$54.80M	USD	1 Quarter
Equity Income of Unconsolidated Entities	`IncomeLossFromEquityMethodInvestments`	$300.00K	USD	1 Quarter
Equity Income of Unconsolidated Entities	`IncomeLossFromEquityMethodInvestments`	$400.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$55.10M	USD	1 Quarter
Net Income	`ProfitLoss`	$57.50M	USD	1 Quarter
Net Income Per Share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.18	USD	1 Quarter
Net Income Per Share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.17	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 dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$55.10M	USD	1 Quarter
Net Income	`ProfitLoss`	$57.50M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$68.10M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$70.70M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$28.90M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$29.90M	USD	1 Quarter
Amount of Postretirement Expense Less Than Funding	`PostretirementBenefitPeriodExpenseGreaterLessThanFunding`	$-8.10M	USD	1 Quarter
Amount of Postretirement Expense Less Than Funding	`PostretirementBenefitPeriodExpenseGreaterLessThanFunding`	$-6.70M	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-10.70M	USD	1 Quarter
Other, Net	`OtherNoncashIncomeExpense`	$-12.80M	USD	1 Quarter
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$104.80M	USD	1 Quarter
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$128.00M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$58.40M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$27.70M	USD	1 Quarter
Capital Spending	`PaymentsToAcquireProductiveAssets`	$57.20M	USD	1 Quarter
Capital Spending	`PaymentsToAcquireProductiveAssets`	$99.00M	USD	1 Quarter
Packaging Machinery Spending	`PaymentsToAcquireMachineryAndEquipment`	$4.00M	USD	1 Quarter
Packaging Machinery Spending	`PaymentsToAcquireMachineryAndEquipment`	$3.50M	USD	1 Quarter
Acquisition of Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$116.60M	USD	1 Quarter
Acquisition of Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$288.50M	USD	1 Quarter
Other, Net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.40M	USD	1 Quarter
Other, Net	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-177.40M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-392.90M	USD	1 Quarter
Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$4.00M	USD	1 Quarter
Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$43.50M	USD	1 Quarter
Payments on Debt	`RepaymentsOfLongTermDebt`	$6.30M	USD	1 Quarter
Payments on Debt	`RepaymentsOfLongTermDebt`	$6.30M	USD	1 Quarter
Borrowings under Revolving Credit Facilities	`ProceedsFromLinesOfCredit`	$396.70M	USD	1 Quarter
Borrowings under Revolving Credit Facilities	`ProceedsFromLinesOfCredit`	$552.50M	USD	1 Quarter
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$122.40M	USD	1 Quarter
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$251.30M	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`	$10.40M	USD	1 Quarter
Dividends Paid	`PaymentsOfDividends`	-	USD	1 Quarter
Dividends Paid	`PaymentsOfDividends`	$16.30M	USD	1 Quarter
Other, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-300.00K	USD	1 Quarter
Other, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$115.00M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$353.30M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.50M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.90M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.20M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.70M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$75.60M	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`	$54.90M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$75.60M	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`	$54.90M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$43.40M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$55.10M	USD	1 Quarter
Net Income	`ProfitLoss`	$57.50M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$500.00K	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.10M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$6.00M	USD	1 Quarter
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-3.20M	USD	1 Quarter
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-2.60M	USD	1 Quarter
Total Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$6.60M	USD	1 Quarter
Total Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-16.40M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$38.70M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$64.10M	USD	1 Quarter

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