For the year ending 2025-12-31, GPK had $104M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 444 | - | - | - |
| Depreciation and amortization | 536 | - | - | 553 |
| Amortization of deferred debt issuance costs | 6 | - | - | 9 |
| Deferred income taxes | 107 | - | - | 131 |
| Amount of postretirement expense less than funding | -5 | - | - | - |
| Gain on disposal of business | 0 | - | - | - |
| Asset impairment charges | 0 | - | - | 96 |
| Net income | - | - | - | 522 |
| Share-based compensation expense, net | 2 | - | - | - |
| Other, net | 36 | - | - | -15 |
| Amount of postretirement expense (less) greater than funding | - | - | - | -18 |
| Changes in operating assets and liabilities, net of acquisitions (see note 3) | 213 | - | - | 218 |
| Net cash provided by operating activities | 841 | - | - | 1,090 |
| Capital spending | 922 | - | - | 522 |
| Acquisition of businesses, net of cash acquired | 29 | - | - | 0 |
| Proceeds from the sale of business and properties | 45 | - | - | - |
| Packaging machinery spending | - | - | - | 27 |
| Beneficial interest on sold receivables | 275 | - | - | 125 |
| Beneficial interest obtained in exchange for proceeds | 104 | - | - | 6 |
| Other, net | -3 | - | - | 5 |
| Redemption of noncontrolling interest | - | - | - | 0 |
| Net cash used in investing activities | -732 | - | - | -435 |
| Repurchase of common stock | 150 | - | - | 28 |
| Payments on debt | 14 | - | - | 14 |
| Proceeds from issuance of debt | 99 | - | - | 0 |
| Retirement of long-term debt | 0 | - | - | 250 |
| Borrowings under revolving credit facilities | 3,397 | - | - | 3,929 |
| Payments on revolving credit facilities | 3,171 | - | - | 4,195 |
| Debt issuance costs | 2 | - | - | 0 |
| Repurchase of common stock related to share-based payments | 34 | - | - | 18 |
| Dividends paid | 128 | - | - | 92 |
| Ip tax receivable agreement payment | - | - | - | 0 |
| Other, net | -15 | - | - | 2 |
| Net cash used in financing activities | -18 | - | - | -666 |
| Increase in cash and cash equivalents, including cash classified within assets held for sale | 91 | 9 | 13 | - |
| Less cash reclassified to assets held for sale | 0 | -1 | 0 | - |
| Effect of exchange rate changes on cash | 13 | -15 | -1 | -6 |
| Net increase (decrease) in cash and cash equivalents | 104 | -5 | 12 | -17 |
| Cash and cash equivalents at beginning of year | 157 | - | - | - |
| Cash and cash equivalents at end of year | 261 | - | - | - |
GPK
GPK