PACKAGING CORP OF AMERICA PKG Cash Flow

Packaging corp of america (PKG)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows from Operating Activities:
Net income
651,300	696,400	764,800	791,700	784,700	738,000	802,300	734,700	691,300	668,600	510,400	490,600	463,300	449,600	443,100	451,600	449,700	436,800	431,100	407,800	393,300	392,600	522,172	502,354	469,106	441,300	270,639	225,748	204,650	160,200	143,032	145,018	139,232	158,805	173,453	224,996	223,658	205,435	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, and amortization of intangibles
393,000	387,500	385,900	389,400	397,600	410,900	421,300	417,400	407,000	391,400	377,400	367,900	361,800	358,000	352,900	352,600	351,800	356,500	353,000	372,700	389,000	381,600	376,988	318,021	259,604	217,900	184,818	179,297	177,058	175,400	169,800	167,987	166,181	162,839	160,561	158,504	156,953	156,298	0	0	0
Amortization of deferred financing costs
21,800	23,400	8,600	8,500	8,500	8,600	10,500	10,400	10,300	10,000	8,000	8,000	7,900	7,800	7,800	7,800	7,800	7,800	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	513	554	595	648	0	0	0
Alternative energy tax credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-76,300	-72,416	-84,034	-49,868	76,300	0	0	0	-	-	-	-	-	-	-	-
Loss on disposals of property, plant, and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,300	-4,835	-5,394	-6,194	-7,137	-11,201	-10,443	-9,410	-8,865	0	0	0
Amortization of net loss on treasury lock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	4,615	3,692	1,846	1,846	0	0	0
Share-based compensation expense
33,600	30,400	30,600	31,400	25,300	23,500	22,600	21,100	21,100	20,600	20,100	19,600	18,700	19,700	19,500	19,400	19,600	18,200	17,700	17,100	16,200	15,600	16,444	15,626	14,763	14,800	13,179	12,743	12,743	11,700	11,022	10,763	10,580	9,736	8,794	7,922	7,520	7,006	0	0	0
Deferred income tax provision
55,000	60,300	42,100	35,500	41,600	38,700	-51,200	-58,300	-80,800	-84,500	-8,900	-1,400	100	-4,000	7,000	-4,000	2,400	1,700	-13,600	-10,000	-5,600	2,600	-149,037	-133,914	-144,896	-160,300	13,441	15,057	34,440	181,000	180,160	172,819	163,837	27,841	46,013	-102,761	-116,344	-120,579	0	0	0
Excess tax benefits from stock based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and post-retirement benefits expense, net of contributions
33,200	26,900	24,600	-5,400	-6,500	-3,100	-2,200	16,300	17,600	20,400	22,300	34,300	35,800	30,500	26,300	-24,300	-29,900	-31,200	-30,200	-28,300	-26,900	-25,400	-27,100	-3,177	-14,580	-18,500	-20,075	-22,818	-6,400	-1,700	0	0	0	-	-	-	-	-	-	-	-
Other, net
6,100	4,800	13,400	15,300	12,300	7,100	-5,700	2,800	3,800	3,000	9,700	-2,100	-2,500	1,400	300	-11,500	-12,300	-19,800	-15,600	-4,900	-9,100	-900	-7,351	-3,594	-1,170	-1,000	4,805	-692	-288	-3,200	-4,363	-10,176	-10,194	-4,761	0	0	0	-	-	-	-
Changes in operating assets and liabilities:
Increase in assets —
Alternative fuel mixture tax credits receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accounts receivable
-50,800	-56,400	-62,500	18,300	61,600	56,100	121,800	131,700	93,900	115,100	109,800	42,800	52,800	3,600	-11,000	-44,500	-46,000	-9,500	-29,000	22,800	-3,500	8,500	48,617	27,575	35,059	31,200	30,055	49,845	43,416	25,000	30,100	8,965	22,414	16,946	-2,465	18,857	33,091	50,256	0	0	0
Inventories
-21,800	-1,400	23,800	50,000	63,300	35,600	30,600	15,900	8,500	21,000	42,800	42,000	30,900	25,700	-23,200	3,800	5,400	11,900	78,500	61,700	81,600	72,400	-4,728	-11,622	-16,168	-25,000	6,811	4,257	3,840	6,400	12,476	27,205	23,559	9,605	16,363	18,346	18,891	28,352	0	0	0
Prepaid expenses and other current assets
10,200	6,900	-5,500	4,100	4,800	2,100	8,100	4,400	6,800	5,200	0	0	0	-	-9,700	-1,400	5,300	-4,100	-6,000	2,400	900	5,100	20,604	13,705	6,737	1,900	1,409	1,311	-2,999	800	3,934	2,955	4,742	616	1,172	-163	-6,384	3,956	0	0	0
Increase (decrease) in liabilities —
Accounts payable
-17,100	-32,400	-39,500	-30,400	-3,400	-17,600	22,900	33,200	14,400	41,000	40,700	39,400	41,900	16,600	-9,600	-30,900	-23,400	-37,300	-37,100	-40,100	-53,800	-36,000	-5,218	500	34,863	54,200	16,668	30,845	-11,933	-40,400	-33,818	-60,940	-21,175	-694	8,128	22,746	9,461	25,367	0	0	0
Accrued liabilities
21,900	-100	-2,800	2,900	4,400	5,500	22,500	12,800	14,000	8,400	-4,400	-4,000	-8,200	-3,200	-9,900	-18,700	-10,200	-15,500	-9,600	-3,300	-24,400	7,000	-7,409	-25,568	-28,860	-22,100	34,457	12,051	9,487	-2,700	-11,352	10,261	20,604	6,052	-17,006	18,268	7,227	11,254	0	0	0
Federal and state income taxes payable / receivable
8,900	9,100	3,800	-6,000	-62,700	-53,000	-15,500	18,600	73,300	54,200	-4,200	-9,900	-18,000	-20,800	8,600	-7,600	-700	12,700	4,800	-5,800	-23,500	-18,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash provided by operating activities
1,208,100	1,207,400	1,223,800	1,185,000	1,213,600	1,180,100	1,107,300	1,004,000	894,500	856,100	796,700	816,300	780,000	806,900	820,100	840,300	851,300	768,600	721,400	706,500	695,100	736,100	744,732	659,263	661,733	608,200	572,557	537,192	465,022	404,200	360,508	330,376	316,509	345,514	375,696	406,519	399,366	349,920	0	0	0
Cash Flows from Investing Activities:
Additions to property, plant, and equipment
391,200	399,500	410,900	448,400	522,200	551,400	521,100	477,500	393,200	343,000	312,400	291,900	279,200	274,300	284,700	294,400	311,800	314,500	383,200	413,900	424,900	420,200	358,890	301,709	258,024	234,400	164,514	140,069	120,963	128,500	159,651	204,385	250,295	280,213	304,232	310,001	321,794	320,200	0	0	0
Acquisitions of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,400	0	0	0	-	-	-	-	-	-	-	-
Additions to other long term assets
5,200	3,800	4,900	3,600	3,900	4,500	5,000	5,000	6,800	7,800	7,900	9,700	10,400	10,400	12,500	12,400	12,600	12,300	10,100	12,700	12,400	12,500	12,241	6,804	4,070	3,100	2,378	1,695	1,424	1,100	3,263	8,126	12,416	13,055	11,481	7,446	3,492	2,627	0	0	0
Purchases of marketable debt securities, net of redemptions
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposals
0	-	-	-	-	1,500	12,700	14,200	15,000	16,600	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-2,500	-400	-400	-300	1,100	0	0	0	-	-	-	-3,900	-4,200	-200	-100	-2,700	-2,100	-3,450	-3,466	-554	-600	-475	-354	-157	-100	41	44	165	443	587	1,839	1,747	1,513	0	0	0
Net cash used for investing activities
-543,500	-546,600	-471,200	-507,500	-581,100	-608,200	-786,800	-741,700	-658,500	-609,100	-414,500	-782,800	-771,900	-769,600	-678,000	-301,900	-296,000	-298,100	-370,300	-403,700	-455,100	-451,100	-1,562,481	-1,499,847	-1,436,040	-1,411,400	-166,473	-141,456	-64,721	-107,500	-162,564	-220,859	-355,417	-350,165	-350,769	-342,550	-323,539	-321,314	0	0	0
Cash Flows from Financing Activities:
Repayments of debt and finance lease obligations
923,500	923,400	1,400	1,300	1,300	151,300	1,127,300	1,128,900	1,130,500	1,011,900	42,400	67,400	67,300	37,500	47,600	47,600	47,600	47,600	32,600	479,800	528,100	592,500	1,653,433	1,183,326	1,137,115	1,074,800	15,965	437,245	437,230	437,200	433,374	8,269	4,462	670	659	649	636	626	0	0	0
Settlement of treasury lock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,910	0	0	0	-	-	-	-
Common stock dividends paid
298,800	298,700	298,600	298,500	283,400	268,100	252,800	237,700	237,600	237,600	237,600	230,000	222,400	216,100	210,200	212,200	214,500	200,800	186,700	172,300	157,500	157,400	157,217	157,042	148,400	109,100	118,907	104,162	98,135	117,800	88,735	84,513	80,326	76,012	71,485	66,682	61,698	61,798	0	0	0
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	100,300	156,900	211,700	247,400	154,700	98,100	43,300	7,600	0	1	2,651	4,460	7,800	11,475	17,044	25,310	45,200	73,126	112,940	129,162	125,027	0	0	0	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,700	3,844	4,475	4,493	2,900	6,535	10,841	11,386	19,900	16,267	11,865	14,032	7,016	10,858	11,070	8,795	7,496	0	0	0
Excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	6,000	8,800	12,200	12,061	13,956	10,737	7,800	8,553	8,090	3,636	4,000	3,131	1,669	1,870	1,232	1,271	1,234	1,211	1,052	0	0	0
Shares withheld to cover employee restricted stock taxes
-	-	-	-	-	7,900	8,000	8,000	10,400	10,800	11,700	11,600	9,600	11,200	11,500	11,400	10,500	8,700	8,500	8,800	11,100	13,200	12,227	21,492	12,092	11,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	1,600	1,600	300	600	-200	-100	100	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for financing activities
-343,000	-342,800	-308,100	-307,700	-292,500	-427,300	-397,200	-383,700	-387,600	-269,400	-291,500	73,900	83,600	17,800	-49,200	-488,500	-519,400	-411,200	-318,500	-301,100	-299,300	-351,100	575,447	632,520	691,963	786,800	-150,375	-540,780	-216,261	-245,600	-97,155	286,423	-50,089	-35,592	-157,630	-126,299	-100,414	-92,777	0	0	0
Net increase in cash and cash equivalents
321,600	318,000	444,500	369,800	340,000	144,600	-76,700	-121,400	-151,600	-22,400	90,700	107,400	91,700	55,100	92,900	49,900	35,900	59,300	32,600	1,700	-59,300	-66,100	-242,302	-208,064	-82,344	-16,400	255,709	-145,044	184,040	51,100	100,789	395,940	-88,997	-40,243	-132,703	-62,330	-24,587	-64,171	0	0	0