2013 Q1 Form 10-Q Financial Statement

#000005143413000008 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $5.716B $6.655B
YoY Change -14.11% 4.2%
Cost Of Revenue $5.223B $4.984B
YoY Change 4.8% 7.76%
Gross Profit $1.709B $1.671B
YoY Change 2.27% -5.16%
Gross Profit Margin 29.9% 25.11%
Selling, General & Admin $567.0M $513.0M
YoY Change 10.53% -40.69%
% of Gross Profit 33.18% 30.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $356.0M $345.0M
YoY Change 3.19% 1.47%
% of Gross Profit 20.83% 20.65%
Operating Expenses $567.0M $513.0M
YoY Change 10.53% -57.64%
Operating Profit $506.0M $462.0M
YoY Change 9.52% -16.15%
Interest Expense $177.0M $183.0M
YoY Change -3.28% 22.0%
% of Operating Profit 34.98% 39.61%
Other Income/Expense, Net $5.000M
YoY Change
Pretax Income $227.0M $213.0M
YoY Change 6.57% -42.12%
Income Tax -$69.00M $70.00M
% Of Pretax Income -30.4% 32.86%
Net Earnings $318.0M $188.0M
YoY Change 69.15% -46.89%
Net Earnings / Revenue 5.56% 2.82%
Basic Earnings Per Share $0.72 $0.43
Diluted Earnings Per Share $0.71 $0.43
COMMON SHARES
Basic Shares Outstanding 441.5M shares 434.1M shares
Diluted Shares Outstanding 446.1M shares 438.6M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $934.0M $1.288B
YoY Change -27.48% -37.14%
Cash & Equivalents $934.0M $1.288B
Short-Term Investments
Other Short-Term Assets $270.0M $1.374B
YoY Change -80.35% 121.26%
Inventory $2.793B $2.748B
Prepaid Expenses
Receivables $3.869B $3.802B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.981B $9.212B
YoY Change -2.51% 8.53%
LONG-TERM ASSETS
Property, Plant & Equipment $14.14B $15.84B
YoY Change -10.73% 24.58%
Goodwill $4.527B
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.923B $3.344B
YoY Change -12.59% 205.39%
Other Assets $1.495B $1.235B
YoY Change 21.05% 26.41%
Total Long-Term Assets $23.72B $24.64B
YoY Change -3.73% 44.02%
TOTAL ASSETS
Total Short-Term Assets $8.981B $9.212B
Total Long-Term Assets $23.72B $24.64B
Total Assets $32.70B $33.85B
YoY Change -3.4% 32.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.902B $2.777B
YoY Change 4.5% 9.29%
Accrued Expenses $428.0M $421.0M
YoY Change 1.66% 18.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $727.0M $738.0M
YoY Change -1.49% 96.8%
Total Short-Term Liabilities $5.257B $5.033B
YoY Change 4.45% 11.92%
LONG-TERM LIABILITIES
Long-Term Debt $9.495B $10.91B
YoY Change -12.93% 33.71%
Other Long-Term Liabilities $1.089B $6.393B
YoY Change -82.97% 149.53%
Total Long-Term Liabilities $10.58B $17.30B
YoY Change -38.81% 61.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.257B $5.033B
Total Long-Term Liabilities $10.58B $17.30B
Total Liabilities $15.84B $26.79B
YoY Change -40.87% 46.58%
SHAREHOLDERS EQUITY
Retained Earnings $3.844B
YoY Change
Common Stock $6.728B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.00M
YoY Change
Treasury Stock Shares 711.0K shares
Shareholders Equity $6.778B $7.061B
YoY Change
Total Liabilities & Shareholders Equity $32.70B $33.85B
YoY Change -3.4% 32.25%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $318.0M $188.0M
YoY Change 69.15% -46.89%
Depreciation, Depletion And Amortization $356.0M $345.0M
YoY Change 3.19% 1.47%
Cash From Operating Activities $531.0M $581.0M
YoY Change -8.61% 13.04%
INVESTING ACTIVITIES
Capital Expenditures -$216.0M -$285.0M
YoY Change -24.21% 57.46%
Acquisitions $505.0M $3.734B
YoY Change -86.48%
Other Investing Activities $67.00M $91.00M
YoY Change -26.37% -172.22%
Cash From Investing Activities -$790.0M -$4.154B
YoY Change -80.98% 1253.09%
FINANCING ACTIVITIES
Cash Dividend Paid $132.0M $115.0M
YoY Change 14.78%
Common Stock Issuance & Retirement, Net -$140.0M $14.00M
YoY Change -1100.0%
Debt Paid & Issued, Net $79.00M $516.0M
YoY Change -84.69%
Cash From Financing Activities -$106.0M $848.0M
YoY Change -112.5% -402.86%
NET CHANGE
Cash From Operating Activities $531.0M $581.0M
Cash From Investing Activities -$790.0M -$4.154B
Cash From Financing Activities -$106.0M $848.0M
Net Change In Cash -$365.0M -$2.725B
YoY Change -86.61% 3632.88%
FREE CASH FLOW
Cash From Operating Activities $531.0M $581.0M
Capital Expenditures -$216.0M -$285.0M
Free Cash Flow $747.0M $866.0M
YoY Change -13.74% 24.6%

Facts In Submission

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CY2013Q1 us-gaap Long Term Investments
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CY2012Q4 us-gaap Long Term Investments
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CY2013Q1 us-gaap Minority Interest
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CY2013Q1 us-gaap Minority Interest Period Increase Decrease
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CY2012Q1 us-gaap Minority Interest Period Increase Decrease
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CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2013Q1 us-gaap Net Income Loss
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CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2013Q1 us-gaap Notes Receivable Fair Value Disclosure
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CY2012Q4 us-gaap Notes Receivable Gross
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CY2013Q1 us-gaap Notes Receivable Gross
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CY2013Q1 us-gaap Operating Income Loss
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CY2012Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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CY2013Q1 us-gaap Other Inventory Net Of Reserves
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CY2013Q1 us-gaap Other Long Term Debt Noncurrent
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CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2013Q1 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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CY2012Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2012Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2013Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2013Q1 us-gaap Payments Of Dividends
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CY2012Q1 us-gaap Payments Of Dividends
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CY2013Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2012Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2012Q1 us-gaap Payments To Acquire Productive Assets
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CY2013Q1 us-gaap Payments To Acquire Productive Assets
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CY2012Q1 us-gaap Pension Expense
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CY2013Q1 us-gaap Pension Expense
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CY2012Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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CY2013Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2012Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2012Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
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CY2013Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
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CY2012Q1 us-gaap Profit Loss
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CY2013Q1 us-gaap Profit Loss
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CY2012Q4 us-gaap Property Plant And Equipment Net
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CY2012Q1 us-gaap Repayments Of Long Term Debt
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CY2013Q1 us-gaap Sales Revenue Net
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CY2013Q1 us-gaap Selling General And Administrative Expense
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
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CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2012Q1 us-gaap Shipping Handling And Transportation Costs
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CY2013Q1 us-gaap Stock Issued During Period Value New Issues
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CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q1 us-gaap Taxes Other
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CY2012Q4 us-gaap Timber And Timberlands
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CY2012Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2013Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2011Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2012Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2012Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2013Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2013Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q1 ip Accretion Expense For Amortization Of Purchase Accounting Adjustment Financial Liabiities
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CY2013Q1 ip Accretion Income For Amortization Of Purchase Accounting Adjustment Financial Assets
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CY2012Q4 ip Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2012Q1 ip Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2011Q4 ip Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2012Q1 ip Acquired Noncontrolling Interest
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CY2013Q1 ip Acquired Noncontrolling Interest
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CY2013Q1 ip Cash Collateral Percentage Of Notes
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CY2013Q1 ip Cost Of Products Sold And Other Nonoperating Income Expense
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CY2012Q1 ip Cost Of Products Sold And Other Nonoperating Income Expense
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CY2012Q1 ip Debt Instrument Original Maturity Date Maximum
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CY2013Q1 ip Debt Instrument Original Maturity Date Maximum
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2018
CY2012Q1 ip Debt Instrument Original Maturity Date Minimum
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2012
CY2013Q1 ip Debt Instrument Original Maturity Date Minimum
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CY2013Q1 ip Defined Benefit Plan Estimated Future Employer Cash Contributions In Current Fiscal Year
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30000000 USD
CY2012Q1 ip Depreciation Amortization And Cost Of Timber Harvested
DepreciationAmortizationAndCostOfTimberHarvested
362000000 USD
CY2013Q1 ip Depreciation Amortization And Cost Of Timber Harvested
DepreciationAmortizationAndCostOfTimberHarvested
379000000 USD
CY2013Q1 ip Estimated Reduction Of Unrecognized Tax Benefits
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CY2013Q1 ip Estimated Remedial Costs With Probable Liability
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90000000 USD
CY2012Q4 ip Finite And Indefinite Lived Intangible Assets Gross
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1080000000 USD
CY2013Q1 ip Finite And Indefinite Lived Intangible Assets Gross
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1216000000 USD
CY2007Q4 ip Forestlands Acreage Sales
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1550000 acre
CY2013Q1 ip Income From Equity Method Investment And Income Attributable To Noncontrolling Interests
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CY2012Q1 ip Income From Equity Method Investment And Income Attributable To Noncontrolling Interests
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CY2013Q1 ip Income Tax Provision Benefit Related To Special Items
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CY2012Q1 ip Income Tax Provision Benefit Related To Special Items
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CY2013Q1 ip Letters Of Credit Downgrade Period Of Replacement
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60 days
CY2011Q4 ip Letters Of Credit Downgrade Period Of Replacement
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60 day
CY2012Q1 ip Non Operating Pension Expense
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CY2013Q1 ip Non Operating Pension Expense
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CY2013Q1 ip Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2012Q1 ip Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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285000000 USD
CY2013Q1 ip Reclassification From Accumulated Other Comprehensive Income Current Period Net Ot Tax
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98000000 USD
CY2012Q1 ip Reclassification From Accumulated Other Comprehensive Income Current Period Net Ot Tax
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18000000 USD
CY2013Q1 ip Restructuring And Other Related Charges
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59000000 USD
CY2012Q1 ip Restructuring And Other Related Charges
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34000000 USD
CY2012Q1 ip Restructuring And Other Related Charges Net Of Tax
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23000000 USD
CY2013Q1 ip Restructuring And Other Related Charges Net Of Tax
RestructuringAndOtherRelatedChargesNetOfTax
36000000 USD
CY2013Q1 ip Segment Reporting Information Corporate Expenses
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22000000 USD
CY2012Q1 ip Segment Reporting Information Corporate Expenses
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CY2013Q1 ip Segment Reporting Information Restructuring And Other Charges
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CY2012Q1 ip Segment Reporting Information Restructuring And Other Charges
SegmentReportingInformationRestructuringAndOtherCharges
16000000 USD
CY2013Q1 ip Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Shares Held For Payout In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsSharesHeldForPayoutInPeriod
76002 shares
CY2012Q1 ip Stock Based Compensation Expense Selling And Administrative
StockBasedCompensationExpenseSellingAndAdministrative
31000000 USD
CY2013Q1 ip Stock Based Compensation Expense Selling And Administrative
StockBasedCompensationExpenseSellingAndAdministrative
40000000 USD
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000051434
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
444847829 shares
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
INTERNATIONAL PAPER CO /NEW/
CY2013Q1 dei Trading Symbol
TradingSymbol
IP

Files In Submission

Name View Source Status
0000051434-13-000008-index-headers.html Edgar Link pending
0000051434-13-000008-index.html Edgar Link pending
0000051434-13-000008.txt Edgar Link pending
0000051434-13-000008-xbrl.zip Edgar Link pending
continuingopsgraph.jpg Edgar Link pending
exhibit101redbirdcsaamendm.htm Edgar Link pending
exhibit102redbirdrsaamendm.htm Edgar Link pending
exhibit11statementofcomput.htm Edgar Link pending
exhibit12computationofrati.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
ip-20130331.xml Edgar Link completed
ip-20130331.xsd Edgar Link pending
ip-20130331_cal.xml Edgar Link unprocessable
ip-20130331_def.xml Edgar Link unprocessable
ip-20130331_lab.xml Edgar Link unprocessable
ip-20130331_pre.xml Edgar Link unprocessable
ip-3312013xexhibit311certi.htm Edgar Link pending
ip-3312013xexhibit312certi.htm Edgar Link pending
ip-3312013xexhibit32certif.htm Edgar Link pending
ip-3312013xform10xq.htm Edgar Link pending
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report.css Edgar Link pending
segmentopsgraph.jpg Edgar Link pending
Show.js Edgar Link pending