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Annual · values202520242023202220212020201920182017201620152014
Operating Cash Flow1.56 B USD1.19 B USD1.32 B USD1.50 B USD1.09 B USD1.03 B USD1.21 B USD1.18 B USD856.10 M USD801.20 M USD762.60 M USD736.10 M USD
Depreciation & Amortization652.80 M USD525.60 M USD517.70 M USD456.80 M USD417.50 M USD410.00 M USD387.50 M USD410.90 M USD391.40 M USD358.00 M USD356.50 M USD381.00 M USD
Stock-Based Compensation45.20 M USD48.80 M USD40.00 M USD35.60 M USD35.50 M USD30.00 M USD30.40 M USD23.50 M USD20.60 M USD19.70 M USD18.20 M USD15.60 M USD
Capital Expenditures828.90 M USD669.70 M USD469.70 M USD824.20 M USD605.10 M USD421.20 M USD399.50 M USD551.40 M USD343.00 M USD274.30 M USD314.50 M USD420.20 M USD
Cash Flow from Investing-2.57 B USD-277.80 M USD-875.10 M USD-833.70 M USD-794.40 M USD-426.10 M USD-546.60 M USD-608.20 M USD-609.10 M USD-769.60 M USD-298.10 M USD-451.10 M USD
Cash Flow from Financing859.40 M USD-876.40 M USD-112.00 M USD-960.00 M USD-655.60 M USD-311.60 M USD-342.80 M USD-427.30 M USD-269.40 M USD23.50 M USD-405.20 M USD-351.10 M USD
Dividends Paid449.60 M USD448.80 M USD448.90 M USD420.30 M USD379.80 M USD299.60 M USD298.70 M USD268.10 M USD237.60 M USD216.10 M USD200.80 M USD157.40 M USD
Stock Buybacks153.00 M USD0 USD41.50 M USD522.60 M USD193.00 M USD0 USD0 USD100.30 M USD154.70 M USD0 USD
Free Cash Flow728.60 M USD521.50 M USD845.40 M USD670.80 M USD489.00 M USD611.60 M USD807.90 M USD628.70 M USD513.10 M USD526.90 M USD448.10 M USD315.90 M USD

Packaging Corporation of America is a U.S.-based producer of packaging and paper products, specializing in containerboard and corrugated packaging solutions. The company manufactures standard corrugated boxes, multi-color retail displays, heavy-duty industrial containers, and related protective packaging used across sectors such as food and beverage, manufacturing, and e-commerce. These products support customers’ shipping, storage, and merchandising needs, forming a critical link in domestic supply chains. Packaging Corporation of America also operates a paper business through its Boise Paper subsidiary, which supplies printing and office papers to commercial users and distributors. Its offerings are marketed primarily to manufacturers, distributors, and retailers, often under long-term supply relationships that provide recurring demand. The company competes in the broader industrial packaging and containerboard market, where scale, mill efficiency, and customer service are key differentiators. Founded in 1959 and headquartered in the United States, Packaging Corporation of America today plays a significant role in the North American packaging industry as one of the largest containerboard and corrugated packaging manufacturers.