Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 8-K | 10-K | 10-K |
| Revenues: |
| Paperboard Mills | | 1,007.0 | 988.0 | 1,095.0 | 1,078.1 | | 399.7 | 394.7 |
| Europe Paperboard Packaging | | 992.0 | 765.0 | 689.0 | 695.9 | | 593.5 | 569.9 |
| Corporate/Other/Eliminations | | 161.0 | 157.0 | 142.0 | 157.1 | | 167.3 | 140.4 |
| Other | | 4,971.0 | 4,627.0 | 4,215.0 | 4,080.8 | | 3,224.4 | 3,193.1 |
| Total revenues [+] | 9,440.0 | 7,131.0 | 6,537.0 | 6,141.0 | 6,011.9 | 6,029.4 | 4,384.9 | 4,298.1 |
| Products | 9,440.0 | 7,156.0 | 6,560.0 | 6,160.0 | 6,029.4 | 6,029.4 | 4,405.6 | 4,298.1 |
| Revenue growth [+] | 32.4% | 9.1% | 6.4% | 2.1% | 37.1% | | 2.0% | 3.3% |
| Paperboard Mills | | 1.9% | -9.8% | 1.6% | 169.7% | | 1.3% | -17.9% |
| Europe Paperboard Packaging | | 29.7% | 11.0% | -1.0% | 17.3% | | 4.1% | -5.6% |
| Corporate/Other/Eliminations | | 2.5% | 10.6% | -9.6% | -6.1% | | 19.2% | |
| Cost of goods sold | 7,610.0 | 6,085.0 | 5,460.0 | 5,068.0 | 5,077.0 | 5,077.0 | 3,696.1 | 3,497.1 |
| Gross profit | 1,830.0 | 1,046.0 | 1,077.0 | 1,073.0 | 934.9 | 952.4 | 688.8 | 801.0 |
| Gross margin | 19.4% | 14.7% | 16.5% | 17.5% | 15.6% | 15.8% | 15.7% | 18.6% |
| Selling, general and administrative | 774.0 | 528.0 | 513.0 | 512.0 | 472.1 | 472.1 | 347.5 | 353.4 |
| Research and development | | | | | | | | |
| Equity in earnings | | 1.0 | 1.0 | | 1.2 | | 1.7 | 1.8 |
| Other operating expenses | 150.0 | 90.0 | 15.0 | 17.0 | -34.0 | 22.1 | 9.7 | 40.2 |
| EBITDA [+] | 1,459.0 | 918.0 | 1,026.0 | 991.0 | 928.6 | 888.8 | 663.6 | 708.5 |
| EBITDA growth | 58.9% | -10.5% | 3.5% | 6.7% | 39.9% | | -6.3% | 0.2% |
| EBITDA margin | 15.5% | 12.9% | 15.7% | 16.1% | 15.4% | 14.7% | 15.1% | 16.5% |
| Depreciation and amortization | 553.0 | 489.0 | 476.0 | 447.0 | 430.6 | 430.6 | 330.3 | 299.3 |
| EBIT [+] | 906.0 | 429.0 | 550.0 | 544.0 | 498.0 | 458.2 | 333.3 | 409.2 |
| EBIT growth | 111.2% | -22.0% | 1.1% | 9.2% | 49.4% | | -18.5% | -4.0% |
| EBIT margin | 9.6% | 6.0% | 8.4% | 8.9% | 8.3% | 7.6% | 7.6% | 9.5% |
| Non-recurring items [+] | | 21.0 | 25.0 | 10.0 | 38.6 | | 3.7 | |
| Asset impairment | | | | | 38.6 | | 3.7 | |
| Interest expense | 197.0 | 123.0 | 129.0 | 141.0 | 123.7 | 123.7 | 89.7 | 76.6 |
| Interest expense | 197.0 | 123.0 | 129.0 | 141.0 | 123.7 | 123.7 | 89.7 | 76.6 |
| Other income (expense), net [+] | 7.0 | 4.0 | -152.0 | -39.0 | 11.8 | 13.0 | 13.1 | -13.2 |
| Gain (loss) on debt retirement | | | | | -1.9 | | | |
| Pre-tax income | 716.0 | 289.0 | 244.0 | 354.0 | 347.5 | 347.5 | 253.0 | 319.4 |
| Income taxes | 194.0 | -74.0 | -42.0 | 76.0 | 54.7 | -54.7 | -45.5 | 93.2 |
| Tax rate | 27.1% | | | 21.5% | 15.7% | | | 29.2% |
| Minority interest | | -12.0 | -36.0 | -71.0 | -72.9 | -72.9 | | |
| Earnings from continuing ops | 522.0 | 204.0 | 167.0 | 207.0 | 221.1 | 294.0 | 300.2 | 228.0 |
| Earnings from discontinued ops | | | 203.0 | 278.0 | 294.0 | | | |
| Net income | 522.0 | 204.0 | 167.0 | 207.0 | 221.1 | 294.0 | 300.2 | 228.0 |
| Net margin | 5.5% | 2.9% | 2.6% | 3.4% | 3.7% | 4.9% | 6.8% | 5.3% |
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| Basic EPS [+] | $1.69 | $0.69 | $0.60 | $0.70 | $0.71 | $0.95 | $0.96 | $0.71 |
| Growth | 146.2% | 14.6% | -14.9% | -1.5% | -26.0% | | 35.8% | 1.7% |
| Diluted EPS [+] | $1.69 | $0.68 | $0.60 | $0.70 | $0.71 | $0.95 | $0.96 | $0.71 |
| Growth | 146.3% | 14.7% | -14.9% | -1.5% | -25.9% | | 35.7% | 1.9% |
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| Dividends per share [+] | | $0.31 | $0.37 | $0.38 | $0.36 | | $0.30 | $0.20 |
| Growth | -100.0% | -16.2% | -3.8% | 7.1% | 19.5% | | 49.6% | 34.1% |
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| Shares outstanding (basic) [+] | 308.8 | 297.1 | 278.8 | 294.1 | 309.5 | 309.5 | 311.1 | 320.9 |
| Growth | 3.9% | 6.6% | -5.2% | -5.0% | -0.5% | | -3.1% | -2.6% |
| Shares outstanding (diluted) [+] | 309.5 | 297.9 | 279.6 | 294.8 | 310.1 | 310.1 | 311.9 | 321.5 |
| Growth | 3.9% | 6.5% | -5.2% | -4.9% | -0.6% | | -3.0% | -2.8% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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