Packaging Corporation of America (PKG)

PKG Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	741.2	774.1	805.1	765.2	1,030	841.1
Depreciation & Amortization	740	652.8	525.6	517.7	456.8	417.5
Stock-Based Compensation	42.7	45.2	48.8	40	35.2	35.5
Other Adjustments	146.6	140.1	22.3	-1	57.9	87.4
Change in Receivables	-69.3	-10.3	-110.7	-1.4	39.3	-227.2
Changes in Inventories	5.1	4.4	-111.8	-35.8	-75.2	-105.5
Changes in Accounts Payable	-32.8	-42.5	18.3	11.4	-18.1	12.2
Changes in Accrued Expenses	-33.3	-71.2	104.2	-8.2	8.3	37.9
Changes in Income Taxes Payable	-44.6	-18	-5.9	31.4	-28.4	-2.1
Changes in Other Operating Activities	52.1	82.9	-104.7	-4.2	-11	-2.7
Operating Cash Flow	1,548	1,558	1,191	1,315	1,495	1,094
Operating Cash Flow Growth	21.88%	30.75%	-9.42%	-12.03%	36.64%	5.93%
Capital Expenditures	-845.5	-828.9	-669.7	-469.7	-824.2	-605.1
Sale of Property, Plant & Equipment	33.3	33.4	1.3	1.6	2.2	7.9
Purchases of Intangible Assets	-2.7	-2.4	-1.9	-2.6	-6.2	-1.8
Purchases of Investments	-189.3	-113.5	-114.3	-507.2	-126.1	-127.4
Proceeds from Sale of Investments	133.7	142.8	506.8	102.8	118.7	126.9
Payments for Business Acquisitions	-14.8	-1,804	-	-	-	-194.9
Other Investing Activities	-	-	-	-	1.9	-
Investing Cash Flow	-2,690	-2,573	-277.8	-875.1	-833.7	-794.4
Long-Term Debt Issued	-	1,494	-	397.1	-	690.2
Long-Term Debt Repaid	-2.3	-2.2	-401.9	-1.9	-1.7	-757.7
Net Long-Term Debt Issued (Repaid)	-2.3	1,492	-401.9	395.2	-1.7	-67.5
Repurchase of Common Stock	-96	-176.6	-25.7	-57.2	-538	-205.9
Net Common Stock Issued (Repurchased)	-96	-176.6	-25.7	-57.2	-538	-205.9
Common Dividends Paid	-449.2	-449.6	-448.8	-448.9	-420.3	-379.8
Other Financing Activities	0.2	-6.3	-	-1.1	-	-2.4
Financing Cash Flow	787.3	859.4	-876.4	-112	-960	-655.6
Net Cash Flow	-354.6	-156	37	328	-298.7	-355.9
Free Cash Flow	702.2	728.6	521.5	845.4	670.8	489
Free Cash Flow Growth	-3.62%	39.71%	-38.31%	26.03%	37.18%	-20.05%
FCF Margin	7.62%	8.11%	6.22%	10.84%	7.91%	6.33%
Free Cash Flow Per Share	7.84	8.13	5.83	9.45	7.24	5.17
Levered Free Cash Flow	307.1	2,046	159.2	1,203	536.3	525.8
Unlevered Free Cash Flow	656.13	613.25	589.01	853.83	580.18	693.97

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q