← GRAPHIC PACKAGING HOLDING CO

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $228.0m
$300.2m +31.67%
$221.1m -26.35%
$206.8m -6.47%
$167.3m -19.10%
$204.0m +21.94%
$522.0m +155.88%
$723.0m +38.51%
$658.0m -8.99%
$444.0m -32.52%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $228.0m $300.2m $294.0m $278.1m — $216.0m $522.0m $723.0m $658.0m $444.0m —
Net Income (Loss) Attributable to Noncontrolling Interest $0 — $72.9m $71.3m $36.0m $12.0m $0 $0 — — —
Depreciation, Depletion and Amortization $299.3m $330.3m $430.6m $447.2m $475.8m $489.0m $553.0m $619.0m $557.0m $536.0m $559.0m
Amortization $59.3m $61.8m $70.0m $59.3m $62.1m $69.0m $90.0m $91.0m $94.0m $69.0m —
Amortization of Debt Issuance Costs $4.8m $5.1m $4.4m $4.7m $5.7m $9.0m $9.0m $6.0m $6.0m $6.0m —
Depreciation $240.0m $268.5m $360.6m $387.9m $413.7m $420.0m $463.0m $528.0m $463.0m $467.0m $559.0m
Depreciation Amortization Depletion — — — — — — $553.0m $619.0m $557.0m $536.0m $559.0m
Deferred Income Tax Expense (Benefit) $76.7m ($54.0m) $26.0m $52.7m ($700k) $55.0m $131.0m $22.0m ($119.0m) $107.0m $84.0m
Deferred Tax — — — — — — $131.0m $22.0m ($119.0m) $107.0m $84.0m
Share-based Payment Arrangement, Noncash Expense — — — — — — — — $62.0m $2.0m $21.0m
Payment, Tax Withholding, Share-based Payment Arrangement $11.3m $10.2m $4.3m $4.1m $9.1m $15.0m $18.0m $22.0m $25.0m $34.0m —
Share-based Payment Arrangement, Expense $20.2m $8.9m $13.8m $21.7m $33.8m $27.0m $34.0m $44.0m — — $21.0m
Gain (Loss) on Sale of Assets and Asset Impairment Charges — $3.7m $38.6m $0 $0 $0 $96.0m $29.0m $0 $0 —
Goodwill, Impairment Loss — — — — — — $12.0m — — — $53.0m
Income (Loss) from Equity Method Investments $1.8m $1.7m $1.2m $400k $900k $1.0m $0 $1.0m $1.0m $1.0m —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — ($218.0m) ($308.0m) ($269.0m) ($213.0m) ($93.0m)
Change In Receivables — — — — — — ($184.0m) ($39.0m) ($152.0m) ($115.0m) ($115.0m)
Increase (Decrease) in Inventories ($10.5m) $6.5m $82.0m $72.8m ($34.8m) $80.0m $268.0m $117.0m $124.0m ($51.0m) $51.0m
Change In Inventory — — — — — — ($268.0m) ($117.0m) ($124.0m) $51.0m $51.0m
Increase (Decrease) in Accounts Payable $4.3m $27.0m $76.2m ($8.6m) $70.9m $77.0m $132.0m ($140.0m) ($25.0m) $1.0m $1.0m
Change In Payables And Accrued Expense — — — — — — $137.0m ($150.0m) $107.0m ($99.0m) $1.0m
Change In Accrued Expense — — — — — — $5.0m ($10.0m) $132.0m ($100.0m) ($100.0m)
Change In Other Current Assets — — — — — — $1.0m ($34.0m) ($23.0m) ($16.0m) ($16.0m)
Change In Other Current Liabilities — — — — — — $11.0m $50.0m $9.0m ($19.0m) ($19.0m)
Other Operating Income (Expense), Net ($3.1m) ($3.0m) ($7.2m) ($8.8m) ($2.0m) $2.0m ($19.0m) ($64.0m) ($64.0m) ($53.0m) —
Net Cash Provided by (Used in) Operating Activities $641.4m
$516.2m -19.52%
($373.8m) -172.41%
$665.8m +278.12%
$824.7m +23.87%
$609.0m -26.15%
$1.1b +78.98%
$1.1b +4.95%
$840.0m -26.57%
$841.0m +0.12%
$793.0m -5.71%
Cash flows from investing activities:
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($800k) $3.7m $38.6m $0 $0 — — — — — ($5.0m)
Capital Expenditure — — — — — — ($549.0m) ($804.0m) ($1.2b) ($922.0m) ($604.0m)
Payments to Acquire Businesses, Net of Cash Acquired $332.7m $189.4m $89.4m $54.5m $120.6m $1.7b $0 $361.0m $0 $29.0m $0
Payments for (Proceeds from) Other Investing Activities $5.2m ($1.0m) $6.9m $4.6m $7.9m $5.0m $5.0m ($1.0m) $2.0m ($3.0m) —
Net Other Investing Changes — — — — — — ($5.0m) $1.0m ($2.0m) $3.0m $12.0m
Net Cash Provided by (Used in) Investing Activities ($632.5m) ($440.6m) $689.1m ($224.3m) ($647.8m) ($2.4b) ($435.0m) ($1.0b) ($342.0m) ($732.0m) ($360.0m)
Cash flows from financing activities:
Repayments of Long-term Debt $25.0m $25.0m $152.4m $36.5m $36.5m $1.6b $250.0m $0 $700.0m $0 ($3.8b)
Gain (Loss) on Extinguishment of Debt $0 — ($1.9m) $0 $0 — — — — — —
Issuance Of Debt — — — — — — $3.9b $4.4b $5.3b $3.5b $3.7b
Long Term Debt Issuance — — — — — — $3.9b $4.4b $5.3b $3.5b $3.7b
Long Term Debt Payments — — — — — — ($4.5b) ($4.3b) ($5.5b) ($3.2b) ($3.8b)
Net Issuance Payments Of Debt — — — — — — ($530.0m) $109.0m ($136.0m) $311.0m ($143.0m)
Net Long Term Debt Issuance — — — — — — ($530.0m) $109.0m ($136.0m) $311.0m ($143.0m)
Net Short Term Debt Issuance — — — — — $836.0m ($266.0m) $135.0m — — $135.0m
Repayment Of Debt — — — — — — ($4.5b) ($4.3b) ($5.5b) ($3.2b) ($3.8b)
Short Term Debt Issuance — — — — — $4.5b $3.9b $4.4b — — $4.4b
Short Term Debt Payments — — — — — ($3.6b) ($4.2b) ($4.3b) — — ($4.3b)
Payments for Repurchase of Common Stock $164.9m $62.1m $119.1m $128.8m $315.6m $0 $28.0m $54.0m $200.0m $150.0m —
Common Stock Dividend Paid — — — — — — ($92.0m) ($123.0m) ($122.0m) ($128.0m) ($130.0m)
Common Stock Payments — — — — — — ($46.0m) ($76.0m) ($225.0m) ($184.0m) ($74.0m)
Net Common Stock Issuance — — — — — — ($46.0m) ($76.0m) ($225.0m) ($184.0m) ($74.0m)
Repurchase Of Capital Stock — — — — — — ($46.0m) ($76.0m) ($225.0m) ($184.0m) ($74.0m)
Dividends paid $64.4m $93.4m $111.0m $112.7m $102.8m $92.0m $92.0m $123.0m $122.0m $128.0m ($130.0m)
Dividends Payable $23.6m $23.3m $22.5m $21.8m $20.1m $23.0m $31.0m $31.0m $30.0m $32.0m —
Cash Dividends Paid — — — — — — ($92.0m) ($123.0m) ($122.0m) ($128.0m) ($130.0m)
Proceeds from (Payments for) Other Financing Activities $3.6m $8.8m ($5.4m) ($6.1m) $9.2m $12.0m $2.0m ($16.0m) $3.0m ($15.0m) —
Net Other Financing Charges — — — — — — $2.0m ($16.0m) ($6.0m) ($17.0m) ($29.0m)
Net Cash Provided by (Used in) Financing Activities ($3.1m)
($69.8m) -2151.61%
($310.7m) -345.13%
($360.8m) -16.12%
($152.0m) +57.87%
$1.8b +1269.74%
($666.0m) -137.46%
($106.0m) +84.08%
($489.0m) -361.32%
($18.0m) +96.32%
($348.0m) -1833.33%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($1.6m) $2.5m ($1.5m) $82.4m $26.1m ($7.0m) ($17.0m) $12.0m ($5.0m) $104.0m $205.0m
Beginning Cash Position — — — — — — $172.0m $150.0m $162.0m $157.0m $120.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $152.9m $179.0m $172.0m $155.0m $162.0m $157.0m $261.0m $205.0m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($1.6m) $2.5m ($1.5m) $1.7m $1.2m ($2.0m) ($6.0m) ($1.0m) ($15.0m) $13.0m $0
Effect Of Exchange Rate Changes — — — — — — ($6.0m) ($1.0m) ($15.0m) $13.0m $0
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $121.3m $126.8m $119.5m $116.0m $176.0m $221.0m $215.0m $213.0m —
Income Taxes Paid, Net $14.5m $15.9m $25.8m $25.8m $27.2m $25.0m $43.0m $157.0m $281.0m $163.0m —
Additional Financial Items
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — — — $66.0m ($1.0m) —
Foreign Currency Transaction Gain (Loss), before Tax $4.8m $3.1m ($1.6m) $2.3m ($2.7m) ($3.0m) ($3.0m) ($6.0m) ($5.0m) — —
Gain (Loss) on Disposition of Business — — — — — — — — $75.0m $0 —
Goodwill $1.3b $1.3b $1.5b $1.5b $1.5b $2.0b $2.0b $2.1b $2.0b $2.1b $53.0m
Income Tax Expense (Benefit) $93.2m ($45.5m) $54.7m $76.3m $41.6m $74.0m $194.0m $210.0m $229.0m $139.0m —
Interest Expense Nonoperating — — — — — — — — $230.0m $220.0m —
Revenue from Contract with Customer, Including Assessed Tax — — $6.0b — — — — — — — —
Cash Flow From Continuing Financing Activities — — — — — — ($666.0m) ($106.0m) ($489.0m) ($18.0m) ($348.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($435.0m) ($1.0b) ($342.0m) ($732.0m) ($360.0m)
Change In Account Payable — — — — — — $132.0m ($140.0m) ($25.0m) $1.0m $1.0m
Change In Cash Supplemental As Reported — — — — — — ($22.0m) $12.0m ($5.0m) $104.0m —
Change In Interest Payable — — — — — — $16.0m $12.0m $10.0m $2.0m $2.0m
Change In Other Working Capital — — — — — — $85.0m ($18.0m) ($86.0m) ($15.0m) ($15.0m)
Change In Payable — — — — — — $132.0m ($140.0m) ($25.0m) $1.0m $1.0m
Changes In Cash — — — — — — ($11.0m) $13.0m $9.0m $91.0m $85.0m
End Cash Position — — — — — — $150.0m $162.0m $157.0m $261.0m $205.0m
Financing Cash Flow — — — — — — ($666.0m)
($106.0m) +84.08%
($489.0m) -361.32%
($18.0m) +96.32%
($348.0m) -1833.33%
Free Cash Flow — — — — — — $541.0m $340.0m ($363.0m) ($81.0m) $189.0m
Gain Loss On Sale Of Business — — — — — — $0 $0 ($75.0m) $0 $0
Interest Received CFI — — — — — — $119.0m $139.0m $152.0m $171.0m $191.0m
Investing Cash Flow — — — — — — ($435.0m) ($1.0b) ($342.0m) ($732.0m) ($360.0m)
Net Business Purchase And Sale — — — — — — $0 ($361.0m) $711.0m $16.0m $41.0m
Net PPE Purchase And Sale — — — — — ($27.0m) ($27.0m) ($23.0m) ($34.0m) — ($31.0m)
Operating Gains Losses — — — — — — ($18.0m) ($5.0m) ($78.0m) ($5.0m) ($5.0m)
Other Cash Adjustment Outside Changein Cash — — — — — — ($5.0m) $0 $1.0m $0 —
Other Non Cash Items — — — — — — ($10.0m) $20.0m $29.0m ($30.0m) —
Pension And Employee Benefit Expense — — — — — — ($18.0m) ($5.0m) ($3.0m) ($5.0m) ($6.0m)
Proceeds From Stock Option Exercised — — — — — ($15.0m) ($18.0m) ($22.0m) — — ($24.0m)
Purchase Of Business — — — — — — $0 ($361.0m) $0 ($29.0m) $0
Purchase Of PPE $278.6m $240.9m $378.8m — — ($27.0m) ($27.0m) ($23.0m) ($34.0m) — ($604.0m)
Sale Of Business — — — — — — $0 $0 $711.0m $45.0m $41.0m
Stock Based Compensation — — — — — — $34.0m $44.0m $62.0m $2.0m $21.0m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.