Balance Sheet International Paper Company

Equities

IP

US4601461035

Paper Packaging

Market Closed - Nyse Other stock markets 04:00:02 2024-09-06 pm EDT			5-day change	1st Jan Change
47.11 ^USD	-0.86%		-2.71%	+30.32%

Sep. 04	Transcript : International Paper Company Presents at Jefferies Global Industrial Conference 2024, Sep-04-2024 08:05 AM
Sep. 03	DS Smith trading in line; International Paper deal on track	AN

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Published financial data: INTERNATIONAL PAPER COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	22.38B	20.58B	19.36B	21.16B	18.92B
Total Revenues	22.38B	20.58B	19.36B	21.16B	18.92B
Cost of Goods Sold, Total	15.27B	14.37B	13.83B	15.14B	13.63B
Gross Profit	7.11B	6.21B	5.53B	6.02B	5.29B
Selling General & Admin Expenses, Total	3.24B	3.03B	2.63B	2.88B	2.99B
Depreciation & Amortization - (IS)	1.31B	1.29B	1.1B	1.04B	1.01B
Other Operating Expenses	170M	171M	139M	148M	154M
Other Operating Expenses, Total	4.72B	4.49B	3.86B	4.07B	4.15B
Operating Income	2.39B	1.72B	1.67B	1.95B	1.13B
Interest Expense, Total	-706M	-600M	-430M	-403M	-418M
Interest And Investment Income	215M	156M	93M	78M	190M
Net Interest Expenses	-491M	-444M	-337M	-325M	-228M
Income (Loss) On Equity Invest.	250M	77M	313M	-6M	-21M
EBT, Excl. Unusual Items	2.15B	1.35B	1.64B	1.62B	885M
Restructuring Charges	-36M	1M	-48M	4M	-521M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-76M	-
Gain (Loss) On Sale Of Investments	-	35M	172M	55M	-
Gain (Loss) On Sale Of Assets	-205M	-445M	7M	-	-
Asset Writedown	-	-20M	-	-	-
Legal Settlements	-32M	-	-	-	-
Other Unusual Items	-21M	-196M	-461M	-93M	-3M
EBT, Incl. Unusual Items	1.85B	727M	1.31B	1.5B	361M
Income Tax Expense	634M	245M	188M	-236M	59M
Earnings From Continuing Operations	1.22B	482M	1.12B	1.74B	302M
Earnings Of Discontinued Operations	-	-	630M	-237M	-14M
Net Income to Company	1.22B	482M	1.75B	1.5B	288M
Minority Interest	5M	-	-2M	-	-
Net Income - (IS)	1.22B	482M	1.75B	1.5B	288M
Net Income to Common Incl Extra Items	1.22B	482M	1.75B	1.5B	288M
Net Income to Common Excl. Extra Items	1.22B	482M	1.12B	1.74B	302M
Per Share Items
Net EPS - Basic	3.1	1.23	4.5	4.14	0.83
Basic EPS - Continuing Operations	3.1	1.23	2.88	4.79	0.87
Basic Weighted Average Shares Outstanding	395M	393M	389M	364M	347M
Net EPS - Diluted	3.07	1.22	4.47	4.09	0.82
Diluted EPS - Continuing Operations	3.07	1.22	2.86	4.74	0.86
Diluted Weighted Average Shares Outstanding	399M	396M	392M	367M	349M
Normalized Basic EPS	3.41	2.15	2.63	2.78	1.59
Normalized Diluted EPS	3.38	2.14	2.61	2.75	1.58
Dividend Per Share	2.01	2.05	2	1.85	1.85
Payout Ratio	64.98	167.22	44.52	44.75	222.92
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	3.7B	2.98B	2.81B	2.99B	2.15B
EBITA	2.45B	1.78B	1.71B	1.99B	1.17B
EBIT	2.39B	1.72B	1.67B	1.95B	1.13B
EBITDAR	3.96B	3.24B	3.04B	3.24B	2.44B
Effective Tax Rate - (Ratio)	34.2	33.7	14.33	-15.68	16.34
Current Domestic Taxes	300M	159M	460M	510M	173M
Current Foreign Taxes	122M	77M	37M	27M	42M
Total Current Taxes	422M	236M	497M	537M	215M
Deferred Domestic Taxes	21M	-5M	-301M	-814M	-161M
Deferred Foreign Taxes	191M	14M	-8M	41M	5M
Total Deferred Taxes	212M	9M	-309M	-773M	-156M
Normalized Net Income	1.35B	845M	1.02B	1.01B	553M
Interest Capitalized	29M	31M	12M	18M	22M
Interest on Long-Term Debt	34M	36M	15M	21M	25M
Non-Cash Pension Expense	26M	-53M	-213M	-199M	47M
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.56B	1.55B	1.44B	1.78B	1.58B
Research And Development Expense From Footnotes	29M	-	-	-	-
Net Rental Expense, Total	261M	258M	231M	249M	287M
Imputed Operating Lease Interest Expense	147M	139M	113M	140M	167M
Imputed Operating Lease Depreciation	114M	119M	118M	109M	120M
Stock-Based Comp., SG&A Exp. (Total)	130M	72M	130M	124M	58M
Total Stock-Based Compensation	130M	72M	130M	124M	58M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	511M	595M	1.3B	804M	1.11B
Short Term Investments	-	-	245M	-	-
Total Cash And Short Term Investments	511M	595M	1.54B	804M	1.11B
Accounts Receivable, Total	3.41B	3.13B	3.4B	3.54B	3.27B
Notes Receivable	260M	288M	205M	220M	218M
Total Receivables	3.67B	3.42B	3.61B	3.76B	3.49B
Inventory	2.21B	2.05B	1.81B	1.94B	1.89B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	247M	5.17B	132M	259M	114M
Total Current Assets	6.64B	11.24B	7.1B	6.77B	6.61B
Gross Property Plant And Equipment	34.34B	34.36B	28.43B	29.28B	30.16B
Accumulated Depreciation	-20.51B	-21.38B	-17.61B	-18.43B	-19.56B
Net Property Plant And Equipment	13.83B	12.99B	10.82B	10.86B	10.6B
Long-term Investments	1.72B	1.18B	751M	186M	163M
Goodwill	3.35B	3.32B	3.13B	3.04B	3.04B
Other Intangibles, Total	-	-	-	220M	183M
Deferred Tax Assets Long-Term	-	-	-	-	856M
Deferred Charges Long-Term	793M	745M	568M	277M	-618M
Other Long-Term Assets, Total	7.14B	2.26B	2.87B	2.59B	2.43B
Total Assets	33.47B	31.72B	25.24B	23.94B	23.26B
Liabilities
Accounts Payable, Total	2.42B	2.32B	2.61B	2.71B	2.44B
Accrued Expenses, Total	466M	466M	440M	355M	397M
Short-term Borrowings	30M	-	-	-	-
Current Portion of Long-Term Debt	126M	16M	186M	753M	127M
Current Portion of Leases	146M	161M	142M	157M	164M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	-	31M	27M	38M	-
Other Current Liabilities	5.46B	5.29B	743M	989M	829M
Total Current Liabilities	8.65B	8.28B	4.14B	5B	3.96B
Long-Term Debt	9.51B	7.98B	5.33B	4.77B	5.41B
Long-Term Leases	392M	397M	292M	332M	356M
Pension & Other Post Retirement Benefits	1.85B	1.31B	582M	431M	420M
Deferred Tax Liability Non Current	2.63B	2.74B	2.62B	1.73B	1.55B
Other Non Current Liabilities	2.72B	3.14B	3.2B	3.18B	3.21B
Total Liabilities	25.75B	23.85B	16.16B	15.44B	14.91B
Common Stock, Total	449M	449M	449M	449M	449M
Additional Paid In Capital	6.3B	6.32B	4.67B	4.72B	4.73B
Retained Earnings	8.41B	8.07B	9.03B	9.86B	9.49B
Treasury Stock	-2.7B	-2.65B	-3.4B	-4.61B	-4.75B
Comprehensive Income and Other	-4.74B	-4.34B	-1.67B	-1.92B	-1.56B
Total Common Equity	7.71B	7.85B	9.08B	8.5B	8.36B
Minority Interest	5M	14M	-	-	-
Total Equity	7.72B	7.87B	9.08B	8.5B	8.36B
Total Liabilities And Equity	33.47B	31.72B	25.24B	23.94B	23.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	392M	393M	376M	350M	346M
ECS Total Common Shares Outstanding	392M	393M	379M	350M	346M
Book Value / Share	19.67	19.98	23.99	24.26	24.14
Tangible Book Value	4.37B	4.54B	5.95B	5.24B	5.13B
Tangible Book Value Per Share	11.13	11.55	15.72	14.95	14.83
Total Debt	10.2B	8.56B	5.95B	6.01B	6.06B
Net Debt	9.69B	7.96B	4.41B	5.2B	4.94B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.6B	1.08B	-196M	7M	184M
Debt Equivalent Oper. Leases	2.09B	2.06B	1.85B	1.99B	2.3B
Minority Interest, Total (Incl. Fin. Div)	5M	14M	-	-	-
Equity Method Investments, Total	1.61B	1.1B	557M	-	-
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-295M	-242M	-195M	-282M	-
Inventories - Raw Materials, Total	298M	268M	245M	267M	229M
Inventories - Finished Goods, Total	1.19B	1.09B	1.01B	1.07B	975M
Inventories - Others	718M	691M	555M	604M	685M
Land - (BS)	391M	311M	18M	-	-
Full Time Employees	51K	49.3K	38.2K	39K	39K
Accumulated Allowance for Doubtful Accounts (Supple)	73M	76M	34M	31M	34M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.22B	482M	1.75B	1.5B	288M
Depreciation & Amortization - CF	1.25B	1.2B	1.1B	996M	978M
Amortization of Goodwill and Intangible Assets - (CF)	58M	60M	44M	44M	37M
Depreciation & Amortization, Total	1.31B	1.26B	1.14B	1.04B	1.02B
(Gain) Loss From Sale Of Asset	-6M	342M	-444M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-35M	-173M	478M	153M
Asset Writedown & Restructuring Costs	171M	195M	509M	165M	521M
(Income) Loss On Equity Investments - (CF)	23M	85M	-154M	-87M	-95M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	549M	410M	-178M	-781M	-47M
Change In Accounts Receivable	248M	94M	-645M	-162M	303M
Change In Inventories	-1M	35M	-263M	-162M	73M
Change In Accounts Payable	139M	141M	519M	110M	-402M
Change in Other Net Operating Assets	-44M	54M	-37M	69M	24M
Cash from Operations	3.61B	3.06B	2.03B	2.17B	1.83B
Capital Expenditure	-1.28B	-751M	-549M	-931M	-1.14B
Sale of Property, Plant, and Equipment	18M	8M	101M	13M	4M
Cash Acquisitions	-103M	-65M	-80M	-	-
Divestitures	81M	40M	827M	-	-
Investment in Marketable and Equity Securities, Total	-	500M	908M	-	472M
Other Investing Activities, Total	-20M	-1M	4.85B	310M	-3M
Cash from Investing	-1.3B	-269M	6.05B	-608M	-668M
Short Term Debt Issued, Total	-	35M	65M	1M	-
Long-Term Debt Issued, Total	534M	583M	1.51B	1.01B	783M
Total Debt Issued	534M	618M	1.58B	1.01B	783M
Short Term Debt Repaid, Total	-66M	-	-4.22B	-	-8M
Long-Term Debt Repaid, Total	-1.51B	-2.28B	-2.51B	-1.02B	-780M
Total Debt Repaid	-1.57B	-2.28B	-6.73B	-1.02B	-788M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-535M	-42M	-839M	-1.28B	-218M
Common Dividends Paid	-796M	-806M	-780M	-673M	-642M
Common & Preferred Stock Dividends Paid	-796M	-806M	-780M	-673M	-642M
Special Dividend Paid	-	-	-130M	-	-
Other Financing Activities, Total	-19M	-192M	-474M	-92M	-1M
Cash from Financing	-2.39B	-2.7B	-7.38B	-2.05B	-866M
Foreign Exchange Rate Adjustments	1M	-8M	-9M	-3M	10M
Miscellaneous Cash Flow Adjustments	-	-2M	-	-	-
Net Change in Cash	-78M	84M	700M	-491M	309M
Supplemental Items
Cash Interest Paid	754M	686M	473M	380M	463M
Cash Income Tax Paid (Refund)	349M	162M	601M	345M	340M
Levered Free Cash Flow	5.78B	-3.47B	2.4B	1.06B	428M
Unlevered Free Cash Flow	6.22B	-3.09B	2.67B	1.31B	690M
Change In Net Working Capital	-4.57B	4.75B	-904M	136M	-49M
Net Debt Issued / Repaid	-1.04B	-1.66B	-5.15B	-5M	-5M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.45	3.3	3.66	4.95	3
Return on Total Capital	8.3	6.26	6.64	8.24	4.9
Return On Equity %	16.16	6.18	13.26	19.81	3.58
Return on Common Equity	16.25	6.19	13.25	19.81	3.58
Margin Analysis
Gross Profit Margin %	31.77	30.16	28.56	28.44	27.95
SG&A Margin	14.49	14.72	13.58	13.63	15.8
EBITDA Margin %	16.51	14.48	14.51	14.11	11.36
EBITA Margin %	10.94	8.64	8.83	9.4	6.19
EBIT Margin %	10.68	8.35	8.6