$IP
INTERNATIONAL PAPER CO /NEW/

2022 Q3 Form 10-Q Financial Statement

#000005143422000040 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $5.402B $5.389B $5.086B
YoY Change -5.46% 12.98% 14.55%
Cost Of Revenue $3.830B $3.806B $2.148B
YoY Change -2.4% 11.88% 31.06%
Gross Profit $1.572B $1.583B $522.0M
YoY Change -12.18% 15.72% -10.77%
Gross Profit Margin 29.1% 29.37% 10.26%
Selling, General & Admin $337.0M $300.0M $310.0M
YoY Change -22.35% -24.24% -20.1%
% of Gross Profit 21.44% 18.95% 59.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $261.0M $267.0M $277.0M
YoY Change -17.92% -1.84% -16.57%
% of Gross Profit 16.6% 16.87% 53.07%
Operating Expenses $337.0M $300.0M $474.0M
YoY Change -22.35% -24.24% -9.54%
Operating Profit $464.0M $585.0M $48.00M
YoY Change -26.47% 50.0% -21.31%
Interest Expense $150.0M $83.00M -$128.0M
YoY Change 28.21% -29.06% 47.13%
% of Operating Profit 32.33% 14.19% -266.67%
Other Income/Expense, Net $15.00M $27.00M -$42.00M
YoY Change 25.0% -25.0% -520.0%
Pretax Income $313.0M $514.0M $44.00M
YoY Change -21.16% 103.97% 83.33%
Income Tax -$575.0M $96.00M -$159.0M
% Of Pretax Income -183.71% 18.68% -361.36%
Net Earnings $951.0M $511.0M $107.0M
YoY Change 10.07% 18.29% -30.07%
Net Earnings / Revenue 17.6% 9.48% 2.1%
Basic Earnings Per Share $2.66 $1.39 $0.28
Diluted Earnings Per Share $2.639M $1.378M $0.28
COMMON SHARES
Basic Shares Outstanding 362.0M shares 367.6M shares 376.4M shares
Diluted Shares Outstanding 360.4M shares 370.7M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $511.0M $977.0M $1.540B
YoY Change -75.92% -82.42% -71.72%
Cash & Equivalents $511.0M $826.0M $1.295B
Short-Term Investments $0.00 $151.0M $245.0M
Other Short-Term Assets $168.0M $204.0M $132.0M
YoY Change -31.71% -17.74% -6.38%
Inventory $1.976B $1.897B $1.814B
Prepaid Expenses
Receivables $3.967B $3.968B $3.610B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.622B $7.046B $7.096B
YoY Change -33.08% -42.37% -36.85%
LONG-TERM ASSETS
Property, Plant & Equipment $10.22B $10.23B $10.44B
YoY Change -10.04% -11.42% -4.6%
Goodwill $3.116B $3.124B $3.130B
YoY Change -4.83% -5.82% 0.48%
Intangibles
YoY Change
Long-Term Investments $3.215B $3.214B $3.026B
YoY Change 7.78% 11.29% -11.91%
Other Assets $534.0M $568.0M $590.0M
YoY Change -24.26% -23.04% -6.05%
Total Long-Term Assets $18.24B $18.24B $18.15B
YoY Change -6.8% -5.13% -11.4%
TOTAL ASSETS
Total Short-Term Assets $6.622B $7.046B $7.096B
Total Long-Term Assets $18.24B $18.24B $18.15B
Total Assets $24.87B $25.28B $25.24B
YoY Change -15.63% -19.61% -20.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.668B $2.678B $2.606B
YoY Change -1.33% 4.41% 28.06%
Accrued Expenses $519.0M $523.0M $572.0M
YoY Change -18.27% -12.98% -6.84%
Deferred Revenue $17.00M $16.00M $27.00M
YoY Change -32.0% -54.29% 28.57%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $616.0M $293.0M $196.0M
YoY Change 164.38% 152.59% 653.85%
Total Short-Term Liabilities $4.805B $4.352B $4.144B
YoY Change 2.28% -49.6% -49.98%
LONG-TERM LIABILITIES
Long-Term Debt $4.766B $5.275B $5.383B
YoY Change -42.17% -25.42% -33.06%
Other Long-Term Liabilities $1.096B $1.092B $1.099B
YoY Change -6.08% -3.45% 13.53%
Total Long-Term Liabilities $1.096B $1.092B $6.482B
YoY Change -6.08% -3.45% -28.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.805B $4.352B $4.144B
Total Long-Term Liabilities $1.096B $1.092B $6.482B
Total Liabilities $5.901B $5.444B $10.63B
YoY Change 0.61% -44.26% -38.56%
SHAREHOLDERS EQUITY
Retained Earnings $10.34B $9.557B $9.029B
YoY Change 13.59% 13.21% 11.88%
Common Stock $5.151B $5.124B $5.117B
YoY Change -24.47% -24.41% -24.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.417B $4.149B $3.398B
YoY Change 47.87% 49.51% 28.32%
Treasury Stock Shares 93.30M shares 86.90M shares 70.40M shares
Shareholders Equity $9.488B $9.043B $9.082B
YoY Change
Total Liabilities & Shareholders Equity $24.87B $25.28B $25.24B
YoY Change -15.63% -19.61% -20.41%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $951.0M $511.0M $107.0M
YoY Change 10.07% 18.29% -30.07%
Depreciation, Depletion And Amortization $261.0M $267.0M $277.0M
YoY Change -17.92% -1.84% -16.57%
Cash From Operating Activities $435.0M $390.0M $107.0M
YoY Change -36.96% -49.68% -86.59%
INVESTING ACTIVITIES
Capital Expenditures -$238.0M -$186.0M -$201.0M
YoY Change 88.89% 39.85% 113.83%
Acquisitions
YoY Change
Other Investing Activities $162.0M $149.0M $71.00M
YoY Change -97.17% -67.68% 184.0%
Cash From Investing Activities -$76.00M -$37.00M -$130.0M
YoY Change -101.36% -111.28% 88.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -669.0M -643.0M -2.301B
YoY Change -80.08% -46.9% 173.6%
NET CHANGE
Cash From Operating Activities 435.0M 390.0M 107.0M
Cash From Investing Activities -76.00M -37.00M -130.0M
Cash From Financing Activities -669.0M -643.0M -2.301B
Net Change In Cash -310.0M -290.0M -2.324B
YoY Change -110.58% 168.52% 1975.0%
FREE CASH FLOW
Cash From Operating Activities $435.0M $390.0M $107.0M
Capital Expenditures -$238.0M -$186.0M -$201.0M
Free Cash Flow $673.0M $576.0M $308.0M
YoY Change -17.52% -36.56% -65.47%

Facts In Submission

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