PKG · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

PACKAGING CORP OF AMERICA · 2026-08-07 · Importance 54 · Surprise 40 · In source text

At June 30, 2026, PCA held $443 million of cash and cash equivalents and $224 million of marketable debt securities and other investments. The company had $573 million of unused borrowing capacity under its revolving credit facility, net of letters of credit. Operating cash flow increased 10.4% to $705 million in the first six months of 2026 from $639 million, while cash and cash equivalents declined $86 million during the period. PCA identified operations, capital expenditures, acquisitions, debt service, dividends, and share repurchases as its primary cash uses and stated that available liquidity should cover foreseeable requirements.

Key facts

• As of June 30, 2026, PCA had $443 million of cash and cash equivalents, $224 million of marketable debt securities and other, and $573 million of unused borrowing capacity under the revolving credit facility, net of letters of credit. source
• During the six months ended June 30, 2026, net cash provided by operating activities was $705.3 million, compared to $638.7 million in the same period in 2025, an increase of $66.6 million. source
• PCA used $50 million of cash on hand to invest in a time deposit in March 2026. source

Impact estimates