For the quarter ending 2025-09-30, PKG had -$153.9M decrease in cash & cash equivalents over the period. $280.1M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 227 | 241.5 | 203.8 | 221.1 |
| Depreciation, depletion, and amortization of intangibles | 152.6 | 140.6 | 138 | 136 |
| Amortization of deferred financing costs | 3.5 | 0.5 | 0.5 | 0.5 |
| Share-based compensation expense | 8.5 | 10.3 | 17.8 | 9.2 |
| Deferred income tax provision (benefit) | 106.6 | -6 | 8.8 | 13.8 |
| Net (gain) loss on asset disposals | -5 | 23.5 | -3.8 | -6.6 |
| Pension and post-retirement benefits expense, net of contributions | -1.9 | -2.1 | -2.1 | -1.3 |
| Other, net | 3.8 | 4.8 | -1.3 | 0.5 |
| Accounts receivable | 59.5 | 31 | 20.1 | -72.1 |
| Inventories | 8.4 | 4 | 15.7 | 63 |
| Prepaid expenses and other current assets | -26 | -49.1 | -12.3 | -25 |
| Accounts payable | -17.4 | 2.6 | 26.8 | -17.8 |
| Accrued liabilities | 70 | -47.2 | -77.3 | -54.6 |
| Federal and state income taxes payable/receivable | 47.4 | 40.2 | -39.6 | 25.3 |
| Net cash provided by operating activities | 472.2 | 299.6 | 339.1 | 325.4 |
| Additions to property, plant, and equipment | 192.1 | 169.7 | 148.1 | 201.3 |
| Acquisition of business, net of cash acquired | 1,804.3 | - | - | - |
| Additions to other long-term assets | 0.2 | 0.3 | 1.6 | 0 |
| Proceeds from asset disposals | 0.3 | 32.3 | 0.7 | 0.5 |
| Purchases of available-for-sale debt securities | 27.3 | 40.4 | 31.6 | 22.4 |
| Proceeds from sales of available-for-sale debt securities | 6.6 | 3.9 | 8.7 | 4.8 |
| Proceeds from maturities of available-for-sale debt securities | 16.6 | 31.4 | 27.7 | 15.1 |
| Purchases of held-to-maturity debt securities | - | - | - | 0 |
| Other, net | - | - | - | 0 |
| Proceeds from maturities of held-to-maturity debt securities | 0 | - | - | 0 |
| Net cash used for investing activities | -2,000.4 | -142.8 | -144.2 | -203.3 |
| Repayments of debt and finance lease obligations | 0.6 | 0.5 | 0.5 | 0.5 |
| Net proceeds received from issuance of debt | - | - | - | 0 |
| Proceeds from issuance of debt, net of discount and lender fees | 1,494.1 | - | - | - |
| Financing costs paid | 6.5 | - | - | 0 |
| Common stock dividends paid | 112.4 | 112.4 | 112.3 | 112.3 |
| Repurchases of common stock | - | - | - | 0 |
| Shares withheld to cover employee restricted stock taxes | 0.3 | 7.7 | 15.4 | 0.9 |
| Net cash provided by (used for) financing activities | 1,374.3 | -120.6 | -128.2 | -113.7 |
| Net (decrease) increase in cash and cash equivalents | -153.9 | 36.2 | 66.7 | 8.4 |
| Cash and cash equivalents at beginning of period | 787.9 | 751.7 | 685 | 676.6 |
| Cash and cash equivalents at end of period | 634 | 787.9 | 751.7 | 685 |
PACKAGING CORP OF AMERICA (PKG)
PACKAGING CORP OF AMERICA (PKG)