$IP
INTERNATIONAL PAPER CO /NEW/

2017 Q4 Form 10-Q Financial Statement

#000005143417000048 Filed on November 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q2
Revenue $5.711B $5.517B $5.383B
YoY Change 14.22% 13.43% 9.54%
Cost Of Revenue $3.702B $4.024B $3.749B
YoY Change 36.5% 11.1% -8.83%
Gross Profit $2.009B $1.493B $1.634B
YoY Change 85.16% 20.21% 103.74%
Gross Profit Margin 35.18% 27.06% 30.35%
Selling, General & Admin $852.0M $401.0M $393.0M
YoY Change 42.47% 5.53% 1.81%
% of Gross Profit 42.41% 26.86% 24.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $348.0M $350.0M $334.0M
YoY Change 6.1% 11.46% 10.96%
% of Gross Profit 17.32% 23.44% 20.44%
Operating Expenses $1.191B $401.0M $393.0M
YoY Change 44.71% 5.53% 1.81%
Operating Profit $818.0M $674.0M $157.0M
YoY Change 212.21% 9.95% -74.96%
Interest Expense -$140.0M $198.0M $186.0M
YoY Change 2.94% 9.39% 8.14%
% of Operating Profit -17.11% 29.38% 118.47%
Other Income/Expense, Net -$398.0M -$49.00M -$46.00M
YoY Change 2350.0%
Pretax Income $197.0M $457.0M -$23.00M
YoY Change -19.26% 42.81% -69.74%
Income Tax $13.00M $136.0M -$87.00M
% Of Pretax Income 6.6% 29.76%
Net Earnings $1.460B $395.0M $80.00M
YoY Change 569.72% 26.6% 100.0%
Net Earnings / Revenue 25.56% 7.16% 1.49%
Basic Earnings Per Share $3.54 $0.96 $0.19
Diluted Earnings Per Share $3.50 $0.95 $0.19
COMMON SHARES
Basic Shares Outstanding 412.9M shares 412.9M shares 412.9M shares
Diluted Shares Outstanding 417.4M shares 416.4M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.018B $998.0M $1.041B
YoY Change -1.45% -61.05% -16.99%
Cash & Equivalents $1.018B $998.0M $1.041B
Short-Term Investments $0.00
Other Short-Term Assets $282.0M $405.0M $552.0M
YoY Change 47.64% 80.0% 73.58%
Inventory $2.313B $2.465B $2.361B
Prepaid Expenses
Receivables $3.287B $3.343B $3.283B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.277B $7.211B $7.237B
YoY Change 24.09% -11.01% 5.33%
LONG-TERM ASSETS
Property, Plant & Equipment $13.27B $14.07B $14.04B
YoY Change 2.01% 15.24% 14.77%
Goodwill $3.411B $3.420B $3.409B
YoY Change 1.4% 1.73% 1.25%
Intangibles
YoY Change
Long-Term Investments $7.441B $7.383B $7.367B
YoY Change 0.65% 0.41% 0.89%
Other Assets $1.061B $1.266B $1.373B
YoY Change -10.77% 11.94% 17.45%
Total Long-Term Assets $13.71B $26.60B $26.64B
YoY Change 1.89% 8.59% 8.64%
TOTAL ASSETS
Total Short-Term Assets $8.277B $7.211B $7.237B
Total Long-Term Assets $13.71B $26.60B $26.64B
Total Assets $33.90B $33.81B $33.88B
YoY Change 2.45% 3.72% 7.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.458B $2.408B $2.362B
YoY Change 11.78% 18.56% 17.16%
Accrued Expenses $485.0M $447.0M $409.0M
YoY Change 20.95% 13.45% -1.45%
Deferred Revenue $53.00M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $311.0M $958.0M $824.0M
YoY Change 30.13% 1128.21% 31.63%
Total Short-Term Liabilities $5.102B $4.869B $5.002B
YoY Change 25.39% 37.5% 22.54%
LONG-TERM LIABILITIES
Long-Term Debt $10.85B $11.37B $10.39B
YoY Change -2.07% 5.08% 17.82%
Other Long-Term Liabilities $567.0M $460.0M $457.0M
YoY Change 28.57% 8.49% 6.53%
Total Long-Term Liabilities $11.41B $11.83B $10.85B
YoY Change -0.89% 5.21% 17.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.102B $4.869B $5.002B
Total Long-Term Liabilities $11.41B $11.83B $10.85B
Total Liabilities $16.52B $16.70B $15.85B
YoY Change 5.97% 12.94% 18.9%
SHAREHOLDERS EQUITY
Retained Earnings $6.180B $4.918B $4.717B
YoY Change 28.27% 2.61% 1.29%
Common Stock $6.655B $6.625B $6.617B
YoY Change 0.26% -0.06% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.680B $1.680B $1.681B
YoY Change -4.16% -4.27% -4.22%
Treasury Stock Shares 35.98M shares 36.00M shares
Shareholders Equity $6.522B $4.914B $4.545B
YoY Change
Total Liabilities & Shareholders Equity $33.90B $33.81B $33.88B
YoY Change 2.45% 3.72% 7.92%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $1.460B $395.0M $80.00M
YoY Change 569.72% 26.6% 100.0%
Depreciation, Depletion And Amortization $348.0M $350.0M $334.0M
YoY Change 6.1% 11.46% 10.96%
Cash From Operating Activities $1.188B -$705.0M $641.0M
YoY Change 30.26% -306.74% 3.89%
INVESTING ACTIVITIES
Capital Expenditures -$456.0M -$271.0M -$290.0M
YoY Change 2.47% 1.88% -11.59%
Acquisitions
YoY Change
Other Investing Activities $73.00M -$7.000M -$40.00M
YoY Change -103.51% -46.15%
Cash From Investing Activities -$383.0M -$278.0M -$330.0M
YoY Change -84.84% -0.36% 0.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -779.0M 930.0M -266.0M
YoY Change -849.04% -24.51% 40.0%
NET CHANGE
Cash From Operating Activities 1.188B -705.0M 641.0M
Cash From Investing Activities -383.0M -278.0M -330.0M
Cash From Financing Activities -779.0M 930.0M -266.0M
Net Change In Cash 26.00M -53.00M 45.00M
YoY Change -101.72% -104.1% -54.55%
FREE CASH FLOW
Cash From Operating Activities $1.188B -$705.0M $641.0M
Capital Expenditures -$456.0M -$271.0M -$290.0M
Free Cash Flow $1.644B -$434.0M $931.0M
YoY Change 21.15% -171.5% -1.48%

Facts In Submission

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SalesRevenueNet
17196000000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
380000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1142000000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
431000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1275000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2200000 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
51.78
CY2016Q3 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
353000000 USD
us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
1012000000 USD
CY2017Q3 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
386000000 USD
us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
1155000000 USD
CY2017Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
4000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
100000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
130000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
4341000000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
4914000000 USD
CY2016Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
6094000000 USD
CY2017Q3 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
6594000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3909000000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4229000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4359000000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4933000000 USD
CY2016Q3 us-gaap Taxes Other
TaxesOther
41000000 USD
us-gaap Taxes Other
TaxesOther
123000000 USD
CY2017Q3 us-gaap Taxes Other
TaxesOther
44000000 USD
us-gaap Taxes Other
TaxesOther
132000000 USD
CY2016Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
456000000 USD
CY2017Q3 us-gaap Timber And Timberlands
TimberAndTimberlands
468000000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
37700000 shares
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
36000000 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1753000000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1680000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
132000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
46000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
98000000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
141000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
22000000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
19000000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
2000000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
42000000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-1000000 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
415300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
415500000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
417400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
417400000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
411200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
411000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
412900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
412600000 shares

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