$IP
INTERNATIONAL PAPER CO /NEW/

2021 Q3 Form 10-Q Financial Statement

#000005143421000045 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $5.714B $4.440B $5.123B
YoY Change 11.54% -19.24% -7.99%
Cost Of Revenue $3.924B $1.639B $3.541B
YoY Change 10.82% -55.33% -6.12%
Gross Profit $1.790B $585.0M $1.582B
YoY Change 13.15% -68.02% -11.92%
Gross Profit Margin 31.33% 13.18% 30.88%
Selling, General & Admin $434.0M $388.0M $360.0M
YoY Change 20.56% -55.86% -6.98%
% of Gross Profit 24.25% 66.32% 22.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $318.0M $332.0M $320.0M
YoY Change -0.63% -3.21% -2.14%
% of Gross Profit 17.77% 56.75% 20.23%
Operating Expenses $434.0M $524.0M $360.0M
YoY Change 20.56% -57.12% -6.98%
Operating Profit $631.0M $61.00M $473.0M
YoY Change 33.4% -89.95% -32.52%
Interest Expense $117.0M -$87.00M $148.0M
YoY Change -20.95% -20.91% -16.38%
% of Operating Profit 18.54% -142.62% 31.29%
Other Income/Expense, Net $12.00M $10.00M -$20.00M
YoY Change -160.0% -211.11% -195.24%
Pretax Income $397.0M $24.00M $202.0M
YoY Change 96.53% -94.0% -55.31%
Income Tax $146.0M -$35.00M $50.00M
% Of Pretax Income 36.78% -145.83% 24.75%
Net Earnings $864.0M $153.0M $204.0M
YoY Change 323.53% -7.27% -40.7%
Net Earnings / Revenue 15.12% 3.45% 3.98%
Basic Earnings Per Share $2.22 $0.39 $0.52
Diluted Earnings Per Share $2.20 $0.39 $0.52
COMMON SHARES
Basic Shares Outstanding 388.8M shares 393.1M shares 393.1M shares
Diluted Shares Outstanding 392.6M shares 394.6M shares

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.122B $5.445B $5.528B
YoY Change -61.61% 965.56% 693.11%
Cash & Equivalents $2.122B $595.0M $678.0M
Short-Term Investments $0.00 $4.850B $4.850B
Other Short-Term Assets $246.0M $141.0M $217.0M
YoY Change 13.36% -42.91% 14.81%
Inventory $2.053B $1.626B $2.007B
Prepaid Expenses
Receivables $3.976B $3.419B $3.422B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.896B $11.24B $11.29B
YoY Change -12.33% 69.24% 60.09%
LONG-TERM ASSETS
Property, Plant & Equipment $11.36B $10.95B $12.41B
YoY Change -8.46% -15.83% -3.39%
Goodwill $3.274B $3.115B $3.304B
YoY Change -0.91% 0.03% -3.17%
Intangibles
YoY Change
Long-Term Investments $2.983B $3.435B $3.352B
YoY Change -11.01% -61.01% -61.63%
Other Assets $705.0M $628.0M $776.0M
YoY Change -9.15% -25.86% -22.55%
Total Long-Term Assets $19.58B $20.48B $20.55B
YoY Change -4.75% 52.91% -23.3%
TOTAL ASSETS
Total Short-Term Assets $9.896B $11.24B $11.29B
Total Long-Term Assets $19.58B $20.48B $20.55B
Total Assets $29.47B $31.72B $31.84B
YoY Change -7.44% -5.24% -5.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.704B $2.035B $2.226B
YoY Change 21.47% -16.01% -5.24%
Accrued Expenses $635.0M $614.0M $590.0M
YoY Change 7.63% 2.33% 2.08%
Deferred Revenue $25.00M $21.00M $20.00M
YoY Change 25.0% -62.5% -28.57%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $233.0M $26.00M $179.0M
YoY Change 30.17% -84.52% -55.47%
Total Short-Term Liabilities $4.698B $8.284B $8.476B
YoY Change -44.57% -4.19% 79.23%
LONG-TERM LIABILITIES
Long-Term Debt $8.241B $8.042B $8.525B
YoY Change -3.33% -16.2% -14.38%
Other Long-Term Liabilities $1.167B $968.0M $1.056B
YoY Change 10.51% 51.25% 86.24%
Total Long-Term Liabilities $1.167B $9.010B $1.056B
YoY Change 10.51% -11.99% -89.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.698B $8.284B $8.476B
Total Long-Term Liabilities $1.167B $9.010B $1.056B
Total Liabilities $5.865B $17.29B $9.532B
YoY Change -38.47% -8.41% -37.51%
SHAREHOLDERS EQUITY
Retained Earnings $9.103B $8.070B $8.122B
YoY Change 12.08% -4.02% -3.85%
Common Stock $6.820B $6.774B $6.751B
YoY Change 1.02% 0.42% 0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.987B $2.648B $2.648B
YoY Change 12.8% -2.0% -2.0%
Treasury Stock Shares 61.70M shares 55.80M shares 55.80M shares
Shareholders Equity $9.622B $7.854B $7.093B
YoY Change
Total Liabilities & Shareholders Equity $29.47B $31.72B $31.84B
YoY Change -7.44% -5.24% -5.93%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $864.0M $153.0M $204.0M
YoY Change 323.53% -7.27% -40.7%
Depreciation, Depletion And Amortization $318.0M $332.0M $320.0M
YoY Change -0.63% -3.21% -2.14%
Cash From Operating Activities $690.0M $798.0M $737.0M
YoY Change -6.38% -15.73% -16.63%
INVESTING ACTIVITIES
Capital Expenditures -$126.0M -$94.00M -$119.0M
YoY Change 5.88% -74.1% -58.25%
Acquisitions
YoY Change
Other Investing Activities $5.724B $25.00M $253.0M
YoY Change 2162.45% -56.14% 4116.67%
Cash From Investing Activities $5.598B -$69.00M $134.0M
YoY Change 4077.61% -77.45% -148.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.359B -841.0M -1.042B
YoY Change 222.36% -0.12% 55.29%
NET CHANGE
Cash From Operating Activities 690.0M 798.0M 737.0M
Cash From Investing Activities 5.598B -69.00M 134.0M
Cash From Financing Activities -3.359B -841.0M -1.042B
Net Change In Cash 2.929B -112.0M -171.0M
YoY Change -1812.87% -44.28% 159.09%
FREE CASH FLOW
Cash From Operating Activities $690.0M $798.0M $737.0M
Capital Expenditures -$126.0M -$94.00M -$119.0M
Free Cash Flow $816.0M $892.0M $856.0M
YoY Change -4.67% -31.91% -26.78%

Facts In Submission

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CY2021Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q3 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
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CY2021Q3 us-gaap Defined Benefit Plan Assets Transferred To From Plan
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us-gaap Defined Benefit Plan Contributions By Employer
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us-gaap Defined Benefit Plan Contributions By Employer
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CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2021Q3 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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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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