Packaging Corp. of America
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.44B | $5.78B | $5.74B | $5.85B | $3.67B | $2.84B | $2.62B | $2.44B |
| Cost of Revenue | $4.97B | $4.50B | $4.53B | $4.62B | $2.80B | $2.21B | $2.08B | $1.90B |
| Gross Profit | $1.47B | $1.28B | $1.21B | $1.23B | $867.5M | $634.7M | $542.0M | $532.2M |
| Gross Margin | 22.8% | 22.1% | 21.0% | 21.0% | 23.7% | 22.3% | 20.7% | 21.9% |
| Operating Expenses | ||||||||
| Research & Development | $12.8M | $13.3M | $13.1M | $12.3M | $11.5M | $11.3M | $12.5M | $10.9M |
| SG&A Expense | $519.9M | $468.5M | $451.3M | $469.5M | $326.6M | $280.8M | $258.6M | $182.5M |
| Operating Income | $932.5M | $783.3M | $750.0M | $702.7M | $481.9M | $437.6M | $272.7M | $185.4M |
| Operating Margin | 14.5% | 13.6% | 13.1% | 12.0% | 13.1% | 15.4% | 10.4% | 7.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $828.6M | $688.5M | $664.5M | $614.3M | $423.6M | $374.7M | $243.5M | $153.1M |
| Income Tax Expense | $160.0M | $238.9M | $227.7M | $221.7M | $-17.7M | $214.5M | $85.5M | $-52.3M |
| Net Income | $668.6M | $449.6M | $436.8M | $392.6M | $441.3M | $160.2M | $158.0M | $205.4M |
| Net Margin | 10.4% | 7.8% | 7.6% | 6.7% | 12.0% | 5.6% | 6.0% | 8.4% |
| EPS (Basic) | $7.09 | $4.76 | $4.47 | $3.99 | $4.57 | $1.66 | $1.59 | $2.02 |
| EPS (Diluted) | $7.07 | $4.75 | $4.47 | $3.99 | $4.52 | $1.64 | $1.57 | $2.00 |
| Shares Outstanding (Basic) | 93.5M | 93.5M | 96.6M | 97.0M | 96.6M | 96.4M | 99.3M | 101.7M |
| Shares Outstanding (Diluted) | 93.7M | 93.7M | 96.7M | 97.1M | 97.5M | 97.5M | 100.4M | 102.6M |
| Dividends Per Share | $2.52 | $2.36 | $2.20 | $1.60 | $1.51 | $1.00 | $0.80 | $0.60 |