Packaging corp of america (PKG)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Current assets:
Cash and cash equivalents

764

679

738

569

442

361

293

199

102

216

370

321

254

239

279

213

162

184

186

163

126

124

154

161

185

191

396

370

268

207

140

515

84

156

40

119

173

196

172

181

260

Short-term marketable debt securities

92

87

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for credit losses and customer deductions of $13.3 million and $12.6 million as of March 31, 2020, and December 31, 2019, respectively

879

845

932

947

930

901

986

920

860

830

831

755

733

689

713

663

631

636

683

708

676

646

717

704

696

643

409

403

391

352

379

353

348

319

338

331

308

294

335

308

243

Inventories

809

794

806

815

831

795

780

763

766

762

736

734

744

723

690

671

692

676

695

667

687

664

616

611

607

594

266

263

270

332

260

258

263

254

244

226

233

241

226

207

213

Prepaid expenses and other current assets

67

44

44

59

58

39

49

56

55

35

43

52

47

30

45

60

42

28

49

58

65

61

76

59

40

32

31

37

24

20

27

33

26

18

22

30

20

17

21

29

13

Alternative fuel mixture tax credits receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

96

127

Federal and state income taxes receivable

-

26

9

11

-

16

5

16

48

69

20

0

0

13

18

1

0

28

0

0

0

5

0

2

0

23

9

4

36

65

82

85

94

-

-

3

-

-

0

22

4

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

59

58

-

32

34

31

47

21

23

21

0

33

38

49

62

24

31

35

50

57

13

22

Total current assets

2,613

2,478

2,531

2,402

2,262

2,115

2,114

1,956

1,832

1,915

2,001

1,863

1,779

1,696

1,747

1,609

1,528

1,554

1,679

1,657

1,614

1,502

1,597

1,574

1,561

1,531

1,135

1,102

1,011

978

924

1,285

865

812

669

742

772

799

813

860

885

Property, plant, and equipment, net

3,138

3,151

3,110

3,107

3,109

3,108

3,065

3,026

2,961

2,924

2,881

2,872

2,887

2,895

2,878

2,809

2,817

2,832

2,842

2,852

2,864

2,857

2,818

2,817

2,800

2,805

1,369

1,363

1,353

1,366

1,376

1,393

1,477

1,476

1,434

1,401

1,360

1,337

1,291

1,256

1,182

Goodwill

918

918

918

918

917

917

888

888

883

883

732

731

737

737

692

544

544

544

544

544

546

546

541

537

526

526

67

67

67

67

71

71

71

58

51

53

38

38

38

38

38

Other intangible assets, net

329

338

348

358

368

378

373

384

399

410

347

356

358

367

354

259

265

270

276

282

287

293

299

306

304

310

35

36

37

38

34

35

36

25

20

16

10

10

11

11

11

Operating lease right-of-use assets

235

234

232

238

217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term marketable debt securities

57

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

55

55

49

49

53

50

57

59

63

64

63

80

81

80

74

72

71

70

80

73

72

72

73

69

70

69

49

45

46

45

47

44

41

40

50

44

39

38

35

35

34

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

-

-

-

-

-

Total assets

7,347

7,235

7,191

7,074

6,928

6,569

6,500

6,315

6,139

6,197

6,027

5,903

5,843

5,777

5,747

5,296

5,227

5,272

5,422

5,409

5,385

5,272

5,330

5,304

5,263

5,243

2,657

2,614

2,515

2,494

2,455

2,831

2,492

2,412

2,232

2,259

2,220

2,225

2,190

2,203

2,152

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Operating lease obligations

64

62

60

59

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Current maturities of long-term debt

-

-

-

-

-

-

0

0

0

150

156

156

156

25

25

6

6

6

6

6

6

6

6

6

6

39

15

15

15

15

15

414

15

15

109

109

109

109

109

109

109

Accounts payable

389

351

385

382

405

382

438

431

427

402

379

349

367

323

327

308

309

294

337

339

352

330

387

394

390

357

163

164

142

117

147

134

153

154

176

189

167

155

169

165

126

Dividends payable

77

76

76

75

76

76

75

75

60

60

60

60

60

59

59

52

52

53

53

53

54

39

39

39

39

39

39

39

30

0

24

24

24

19

19

20

20

15

15

15

15

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

178

217

220

197

160

222

223

195

157

203

207

177

147

201

204

170

144

193

209

189

164

220

228

207

180

214

129

120

91

122

114

102

122

163

110

93

77

109

111

93

106

Accrued interest

30

13

26

11

27

11

27

11

27

14

18

13

19

13

18

13

18

13

18

13

18

13

19

8

19

9

5

3

5

3

4

12

4

12

4

12

4

12

4

12

12

Federal and state income taxes payable

3

-

-

-

12

-

-

-

-

-

-

2

24

-

-

-

13

-

2

2

24

-

7

-

5

-

-

-

-

-

-

-

-

10

0

-

7

2

15

-

0

Total current liabilities

744

723

770

729

740

693

766

715

673

832

824

760

776

625

637

551

545

561

628

606

621

611

690

657

643

660

353

344

286

262

307

689

320

376

421

425

387

404

426

397

370

Long-term liabilities:
Long-term debt

2,477

2,476

2,486

2,485

2,484

2,483

2,482

2,482

2,481

2,480

2,456

2,457

2,458

2,620

2,625

2,288

2,289

2,290

2,319

2,345

2,347

2,348

2,350

2,425

2,475

2,508

767

771

774

778

782

786

789

793

549

549

549

549

549

548

548

Operating lease obligations

177

177

177

183

165

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations

15

16

16

16

17

17

17

18

18

19

19

19

20

20

20

21

21

21

21

22

22

22

23

23

23

23

24

24

24

24

25

25

25

21

21

21

21

21

22

22

22

Deferred income taxes

354

340

327

314

305

285

279

272

256

239

342

342

349

334

360

353

357

347

402

402

399

334

426

430

423

434

144

127

123

125

135

125

150

11

-

8

9

9

86

190

205

Compensation and benefits

372

375

320

364

363

357

360

374

373

372

322

356

355

357

312

357

363

358

376

372

367

361

204

200

199

193

132

163

171

164

134

151

153

148

94

101

100

97

82

84

78

Alternative energy tax credits reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

102

102

102

102

102

102

102

102

102

102

102

-

-

0

Other long-term liabilities

56

55

57

58

56

59

63

63

62

70

68

60

59

59

60

61

60

59

58

70

70

72

84

83

80

65

33

29

31

29

28

28

27

29

69

28

30

32

56

39

27

Total long-term liabilities

3,453

3,441

3,385

3,423

3,393

3,203

3,203

3,211

3,192

3,182

3,208

3,236

3,242

3,391

3,379

3,082

3,091

3,077

3,178

3,212

3,207

3,140

3,088

3,163

3,202

3,226

1,204

1,219

1,227

1,224

1,207

1,218

1,249

1,107

837

812

813

812

797

885

883

Commitments and contingent liabilities

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Stockholders' equity:
Common stock, par value $0.01 per share, 300.0 million shares authorized, 94.8 million and 94.7 million shares issued as of March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

0

0

0

1

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

Additional paid in capital

534

524

518

513

501

494

488

482

476

471

466

460

456

451

446

441

432

439

438

441

436

432

427

423

412

401

396

392

382

378

370

363

361

351

356

331

350

362

370

391

387

Retained earnings

2,771

2,704

2,643

2,539

2,427

2,315

2,185

2,054

1,949

1,867

1,658

1,578

1,504

1,447

1,396

1,337

1,286

1,317

1,317

1,293

1,271

1,242

1,184

1,119

1,067

1,019

787

753

729

742

670

661

648

673

678

726

707

690

650

572

546

Unrealized loss on treasury locks, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

31

-16

-23

-18

7

7

2

-15

-4

4

Unrealized loss on foreign exchange contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-0

-0

-0

-0

-0

-0

-0

-0

0

Unfunded employee benefit obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

65

80

-

69

70

72

74

43

44

44

45

37

38

40

Accumulated other comprehensive loss

-157

-159

-128

-132

-135

-138

-145

-149

-153

-156

-131

-134

-136

-139

-114

-116

-122

-124

-142

-145

-152

-153

-60

-61

-63

-65

-86

-95

-111

-114

-101

-103

-88

-97

-62

-37

-38

-44

-54

-44

-36

Common stock held in treasury, at cost, 0.1 million shares as of March 31, 2016

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

1

-

-

Total stockholders' equity

3,149

3,071

3,034

2,921

2,794

2,672

2,530

2,388

2,273

2,182

1,994

1,906

1,824

1,759

1,729

1,662

1,590

1,633

1,615

1,591

1,556

1,521

1,552

1,482

1,417

1,356

1,099

1,051

1,001

1,008

940

922

921

928

973

1,021

1,020

1,009

966

921

898

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,730

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' equity

7,347

7,235

7,191

7,074

6,928

6,569

6,500

6,315

6,139

6,197

6,027

5,903

5,843

5,777

5,747

5,296

5,227

5,272

5,422

5,409

5,385

5,272

5,330

5,304

5,263

5,243

2,657

2,614

2,515

2,494

2,455

2,831

2,492

2,412

2,232

2,259

2,220

2,225

2,190

2,203

2,152