Packaging Corporation of America Website

Packaging Corporation of America

NYSE-PKG

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

6,964.3

6,658.2

7,730.3

8,478

7,802.4

7,928.8

Total Revenues % Chg.

-0.7%

-4.4%

16.1%

9.7%

-8%

-1.3%

Cost of Goods Sold, Total

5,320.3

5,288.8

5,857.3

6,380.4

6,088.5

6,290.9

Gross Profit

1,644

1,369.4

1,873

2,097.6

1,713.9

1,637.9

Selling General & Admin Expenses, Total

565.5

537.3

557.1

594.1

588.6

589.8

Other Operating Expenses

6.7

5.1

12.9

10

1.5

7.8

Other Operating Expenses, Total

572.2

542.4

570

604.1

590.1

597.6

Operating Income

1,071.8

827

1,303

1,493.5

1,123.8

1,040.3

Interest Expense, Total

-85

-93.5

-93.5

-70.4

-53.3

-43.3

Net Interest Expenses

-85

-93.5

-93.5

-70.4

-53.3

-43.3

Other Non Operating Income (Expenses)

-5.1

—

—

—

—

—

EBT, Excl. Unusual Items

981.7

733.5

1,209.5

1,423.1

1,070.5

997

Restructuring Charges

-1

-19.1

-2.4

-6.8

-24.7

-20.8

Merger & Related Restructuring Charges

—

—

-0.6

—

—

7.1

Impairment of Goodwill

—

—

—

—

—

—

-55.2

—

—

—

—

Gain (Loss) On Sale Of Assets

-8.2

-6.8

-6.1

-15.2

-9.1

-13.3

Asset Writedown

—

—

—

-16.8

-19.7

-32.8

-29.3

-22.6

-20.7

Insurance Settlements

—

—

—

—

—

—

—

—

—

—

Legal Settlements

—

—

—

—

—

—

—

—

—

—

Other Unusual Items

—

—

-38.7

—

-58.9

-7

—

-2

EBT, Incl. Unusual Items

917

632.7

1,108.7

1,364.8

1,014.1

947.3

Income Tax Expense

220.6

171.7

267.6

335

248.9

229

Earnings From Continuing Operations

696.4

461

841.1

1,029.8

765.2

718.3

Net Income

696.4

461

841.1

1,029.8

765.2

718.3

Preferred Dividend and Other Adjustments

5.2

3.6

6.4

7.9

6.2

5.2

Net Income to Common Incl Extra Items

691.2

457.4

834.7

1,021.9

759

713.1

Net Income to Common Excl. Extra Items

691.2

457.4

834.7

1,021.9

759

713.1

Total Shares Outstanding

93.9

94.1

92.9

89

89

89.2

Weighted Avg. Shares Outstanding

93.8

94.1

94.1

92.3

89.1

89.1

Weighted Avg. Shares Outstanding Dil

94.1

94.4

94.5

92.7

89.5

89.5

EPS

7.4

4.9

8.9

11.1

8.5

8

EPS Diluted

7.3

4.8

8.8

11

8.5

8

EBITDA

1,455.4

1,223.7

1,712.2

1,940.6

1,623.2

1,547

Effective Tax Rate

24.1%

27.1%

24.1%

24.5%

24.5%

24.2%