10-Q Filing

GRAHAM PACKAGING HOLDINGS CO CIK: 1061507 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-221021`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	ck0001061507-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 61 Cash Flow Statement 91

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.06M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$216.37M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$315.77M	USD	Point-in-time
Inventories	`InventoryNet`	$247.17M	USD	Point-in-time
Inventories	`InventoryNet`	$272.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$30.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$14.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$38.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$42.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$673.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$819.02M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.21B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$186.64M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$195.78M	USD	Point-in-time
Goodwill	`Goodwill`	$643.06M	USD	Point-in-time
Goodwill	`Goodwill`	$658.25M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$91.36M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$73.55M	USD	Point-in-time
Total assets	`Assets`	$2.95B	USD	Point-in-time
Total assets	`Assets`	$2.81B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$31.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$34.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$245.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$142.59M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$203.87M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$196.33M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$32.47M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$40.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$405.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$521.02M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.80B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.79B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$11.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.02M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$89.33M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$90.59M	USD	Point-in-time
Commitments and contingent liabilities (see Notes 15 and 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (see Notes 15 and 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
General partners	`GeneralPartnersCapitalAccount`	$-25.44M	USD	Point-in-time
General partners	`GeneralPartnersCapitalAccount`	$-24.05M	USD	Point-in-time
Limited partners	`LimitedPartnersCapitalAccount`	$-450.57M	USD	Point-in-time
Limited partners	`LimitedPartnersCapitalAccount`	$-454.99M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.59M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.07M	USD	Point-in-time
Total partners' capital (deficit)	`PartnersCapital`	$-498.02M	USD	Point-in-time
Total partners' capital (deficit)	`PartnersCapital`	$-470.55M	USD	Point-in-time
Total liabilities and partners' capital (deficit)	`LiabilitiesAndStockholdersEquity`	$2.81B	USD	Point-in-time
Total liabilities and partners' capital (deficit)	`LiabilitiesAndStockholdersEquity`	$2.95B	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$821.24M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.58B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$652.83M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.24B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$532.23M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$696.90M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.02B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.34B	USD	2 Qtrs
Gross profit	`GrossProfit`	$239.43M	USD	2 Qtrs
Gross profit	`GrossProfit`	$120.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$222.92M	USD	2 Qtrs
Gross profit	`GrossProfit`	$124.34M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$27.93M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.12M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.39M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$65.09M	USD	2 Qtrs
Asset impairment charges	`AssetImpairmentCharges`	$2.48M	USD	2 Qtrs
Asset impairment charges	`AssetImpairmentCharges`	$554.00K	USD	1 Quarter
Asset impairment charges	`AssetImpairmentCharges`	$2.79M	USD	2 Qtrs
Asset impairment charges	`AssetImpairmentCharges`	$1.37M	USD	1 Quarter
Net (gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-826.00K	USD	1 Quarter
Net (gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$795.00K	USD	1 Quarter
Net (gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.05M	USD	2 Qtrs
Net (gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$95.00K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$171.95M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$123.68M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$91.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$97.65M	USD	1 Quarter
Interest expense	`InterestExpense`	$41.89M	USD	1 Quarter
Interest expense	`InterestExpense`	$53.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$87.28M	USD	2 Qtrs
Interest expense	`InterestExpense`	$106.19M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$298.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$471.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$178.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$664.00K	USD	2 Qtrs
Net loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-2.66M	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-349.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-211.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-3.21M	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$424.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$49.22M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.82M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$66.85M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$44.65M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$11.07M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.71M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.10M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$18.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$48.31M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.73M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$46.51M	USD	1 Quarter
Net income allocated to general partners	`NetIncomeLossAllocatedToGeneralPartners`	$864.00K	USD	2 Qtrs
Net income allocated to general partners	`NetIncomeLossAllocatedToGeneralPartners`	$1.36M	USD	1 Quarter
Net income allocated to general partners	`NetIncomeLossAllocatedToGeneralPartners`	$1.39M	USD	2 Qtrs
Net income allocated to general partners	`NetIncomeLossAllocatedToGeneralPartners`	$966.00K	USD	1 Quarter
Net income allocated to limited partners	`NetIncomeLossAllocatedToLimitedPartners`	$32.62M	USD	1 Quarter
Net income allocated to limited partners	`NetIncomeLossAllocatedToLimitedPartners`	$24.86M	USD	2 Qtrs
Net income allocated to limited partners	`NetIncomeLossAllocatedToLimitedPartners`	$46.92M	USD	2 Qtrs
Net income allocated to limited partners	`NetIncomeLossAllocatedToLimitedPartners`	$45.15M	USD	1 Quarter

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.31M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.73M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$46.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$104.72M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$77.64M	USD	2 Qtrs
Amortization of debt issuance fees	`AmortizationOfFinancingCosts`	$3.18M	USD	2 Qtrs
Amortization of debt issuance fees	`AmortizationOfFinancingCosts`	$2.64M	USD	2 Qtrs
Accretion of senior unsecured notes	`AmortizationOfDebtDiscountPremium`	$236.00K	USD	2 Qtrs
Accretion of senior unsecured notes	`AmortizationOfDebtDiscountPremium`	$238.00K	USD	2 Qtrs
Net loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-2.66M	USD	2 Qtrs
Net (gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-826.00K	USD	1 Quarter
Net (gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$795.00K	USD	1 Quarter
Net (gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.05M	USD	2 Qtrs
Net (gain) loss on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$95.00K	USD	2 Qtrs
Pension expense	`PensionExpense`	$1.58M	USD	2 Qtrs
Pension expense	`PensionExpense`	$1.50M	USD	2 Qtrs
Asset impairment charges	`AssetImpairmentCharges`	$2.48M	USD	2 Qtrs
Asset impairment charges	`AssetImpairmentCharges`	$554.00K	USD	1 Quarter
Asset impairment charges	`AssetImpairmentCharges`	$2.79M	USD	2 Qtrs
Asset impairment charges	`AssetImpairmentCharges`	$1.37M	USD	1 Quarter
Unrealized (gain) loss on termination of cash flow hedge accounting	`UnrealizedGainLossOnDerivatives`	$6.50M	USD	2 Qtrs
Unrealized (gain) loss on termination of cash flow hedge accounting	`UnrealizedGainLossOnDerivatives`	$-359.00K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$498.00K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$656.00K	USD	2 Qtrs
Equity income from unconsolidated subsidiaries	`IncomeLossFromEquityMethodInvestments`	$34.00K	USD	2 Qtrs
Equity income from unconsolidated subsidiaries	`IncomeLossFromEquityMethodInvestments`	$40.00K	USD	2 Qtrs
Deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$7.17M	USD	2 Qtrs
Deferred tax provision	`DeferredIncomeTaxExpenseBenefit`	$94.00K	USD	2 Qtrs
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-507.00K	USD	2 Qtrs
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$300.00K	USD	2 Qtrs
Interest receivable on loans to owners	`InterestReceivableOnLoansToOwners`	$199.00K	USD	2 Qtrs
Interest receivable on loans to owners	`InterestReceivableOnLoansToOwners`	$151.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$47.42M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$95.34M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.40M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$22.21M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.47M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-20.49M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$12.43M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$4.77M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$104.89M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.64M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$2.47M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$2.92M	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-742.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$468.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$100.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$137.57M	USD	2 Qtrs
Cash paid for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.94M	USD	2 Qtrs
Cash paid for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$80.58M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$255.00K	USD	2 Qtrs
Cash paid for sale of business	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$61.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.68M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.64M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$27.07M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$42.52M	USD	2 Qtrs
Payment of long-term debt	`RepaymentsOfLongTermDebt`	$38.90M	USD	2 Qtrs
Payment of long-term debt	`RepaymentsOfLongTermDebt`	$240.48M	USD	2 Qtrs
Debt issuance fees	`PaymentsOfDebtIssuanceCosts`	$648.00K	USD	2 Qtrs
Debt issuance fees	`PaymentsOfDebtIssuanceCosts`	$462.00K	USD	2 Qtrs
Net proceeds from sale of additional units to GPC (as defined herein)	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	$165.64M	USD	2 Qtrs
Fees paid on behalf of GPC	`FeesPaidOnBehalfOfOwners`	$45.54M	USD	2 Qtrs
Fees paid on behalf of GPC	`FeesPaidOnBehalfOfOwners`	$994.00K	USD	2 Qtrs
Proceeds from issuance of ownership interests	`ProceedsFromSaleOfInterestInPartnershipUnit`	$6.42M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.97M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-51.41M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.24M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.56M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.10M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.70M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$136.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$147.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$152.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$162.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$136.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$147.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$152.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$162.06M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$99.95M	USD	2 Qtrs
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$74.40M	USD	2 Qtrs
Cash paid for income taxes (net of refunds)	`IncomeTaxesPaidNet`	$8.35M	USD	2 Qtrs
Cash paid for income taxes (net of refunds)	`IncomeTaxesPaidNet`	$9.69M	USD	2 Qtrs
Accruals for purchases of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$18.62M	USD	2 Qtrs
Accruals for purchases of property, plant and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$6.05M	USD	2 Qtrs
Accruals for debt issuance fees	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$136.00K	USD	2 Qtrs
Accruals for debt issuance fees	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$1.00K	USD	2 Qtrs
Accruals related to acquisitions	`AccrualsRelatedToAcquisitions`	$676.00K	USD	2 Qtrs
Accruals for fees related to GPC's initial public offering	`InitialPublicOfferingFeesIncurredButNotYetPaid`	$250.00K	USD	2 Qtrs
Accruals for fees to be paid on behalf of GPC	`AccrualsForFeesToBePaidOnBehalfOfOwner`	$3.72M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.