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PACKAGING CORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Net Sales6,658.206,964.307,014.606,444.905,779.005,741.705,852.603,665.302,843.902,620.11
Total Revenues6,658.206,964.307,014.606,444.905,779.005,741.705,852.603,665.302,843.902,620.11
Cost of sales5,288.805,320.305,369.304,974.104,502.904,533.704,623.102,797.802,209.202,078.09
Gross Profit1,369.401,644.001,645.301,470.801,276.101,208.001,229.50867.50634.70542.02
Goodwill impairment55.20------------------
Selling and administrative expenses539.60557.60536.40519.90468.50451.30469.50326.60280.80258.55
Corporate overhead--------------------
Other expense, net(50.70)(32.70)(41.20)(18.40)(24.30)(6.70)(57.30)(59.00)(11.80)(10.72)
Gain on Sale of Investment--------------------
Alternative fuel mixture tax credits----------------95.50--
Pactiv benefits settlement charge--------------------
Joint venture dividends--------------------
Operating Income (loss)723.901,053.701,067.70932.50783.30750.00702.70481.90437.60272.75
Interest expense, net93.50128.8095.10102.6094.8085.5088.4058.3062.9029.25
Non-operating pension expense2.30(7.90)(2.10)(1.30)------------
Income (loss) before taxes632.70917.00970.50828.60688.50664.50614.30423.60374.70243.50
Provision for income taxes171.70220.60232.50160.00238.90227.70221.70(17.70)214.5085.48
Current-U.S------209.30213.60205.10185.10129.6027.1041.45
Current-State and local------34.9029.1020.5033.1012.706.4016.68
Deferred-U.S------(90.20)(1.20)(3.80)(5.00)(160.50)179.1029.90
Deferred-State and local------5.70(3.00)5.607.600.301.90(2.55)
Current income tax provision (benefit) - Foreign------0.300.200.400.900.30----
Deferred provision for taxes- Foreign--------0.20(0.10)--(0.10)----
Income (loss) before cumulative effect of accounting change--------------------
Extraordinary item, net of tax--------------------
Cumulative effect of accounting change, net of tax--------------------
Consolidated Net Income (Loss)461.00696.40738.00668.60449.60436.80392.60441.30160.20158.03
Preferred dividends and accretion of preferred stock issuance costs--------------------
Less: Distributed and undistributed earnings allocated to participating securities3.605.205.705.604.405.205.70------
Net income available to common shareholders457.40691.20732.30663.00445.20431.60386.90441.30160.20158.03
Income before cumulative effect of accounting change--------------------
Earnings Per Share (Basic) - Extras--------------------
Net income (loss) per common share:Basic4.867.367.827.094.764.473.994.571.661.59
Income before cumulative effect of accounting change--------------------
Earnings Per Share (Diluted) - Extras--------------------
Net income (loss) per common share:Diluted4.847.347.807.074.754.473.994.521.641.57
Weighted average common shares outstanding:Basic94.1093.8093.7093.5093.5096.6097.0096.6096.4099.28
Weighted average common shares outstanding:Diluted94.4094.1093.9093.7093.7096.7097.1097.5097.50100.38