Graphic Packaging Holding (GPK) FY2021 results: revenue $7.2 billion, up 9.1% on the year
Graphic Packaging Holding Co. (GPK) reported revenue of $7.2 billion for fiscal 2021, the year ended 31 December 2021, up 9.1% on the year before. Net income was $204 million, up 21.9%, and diluted earnings per share $0.68. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$7.2 billion
+9.1% on the year
FY2014FY2021
Operating margin
5.7%
8.0% a year earlier
FY2014FY2021
Net income
$204 million
+21.9% on the year
FY2014FY2021
Diluted EPS
$0.68
+13.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
609
825
666
-26.2%
Cash from investing
-2,392
-648
-225
Cash from financing
1,778
-152
-361
Depreciation and amortisation
489
476
447
+2.8%
Share-based compensation
27.0
34.0
22.0
-20.6%
Buybacks
0.0
316
129
Dividends paid
92.0
103
113
-10.5%
Diluted shares, weighted
298m
280m
295m
+6.5%
Shares outstanding at period end
307m
268m
290m
+14.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,891
1,424
1,570
+32.8%
Non-controlling interest
2.0
416
488
-99.5%
Redeemable equity
n/a
0.0
304
Debt
5,794
3,644
2,860
+59.0%
Operating lease liabilities
193
157
152
+22.8%
Finance lease liabilities
139
134
130
+3.7%
Other liabilities
2,438
2,029
1,786
+20.2%
Total liabilities and equity
10,457
7,805
7,290
+34.0%
Fixed assets
4,677
3,560
3,254
+31.4%
Goodwill
2,015
1,478
1,478
+36.4%
Intangible assets
868
437
477
+98.7%
Cash and equivalents
172
179
153
-3.9%
Receivables
785
597
451
+31.6%
Inventory
1,387
1,128
1,096
+23.0%
Other assets
553
427
381
+29.5%
Total assets
10,457
7,805
7,290
+34.0%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.