$IP
INTERNATIONAL PAPER CO /NEW/

2023 Q3 Form 10-Q Financial Statement

#000005143423000042 Filed on July 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $4.613B $4.682B
YoY Change -14.61% -13.12%
Cost Of Revenue $3.345B $3.360B
YoY Change -12.66% -11.72%
Gross Profit $1.268B $1.322B
YoY Change -19.34% -16.49%
Gross Profit Margin 27.49% 28.24%
Selling, General & Admin $286.0M $752.0M
YoY Change -15.13% 150.67%
% of Gross Profit 22.56% 56.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $258.0M $244.0M
YoY Change -1.15% -8.61%
% of Gross Profit 20.35% 18.46%
Operating Expenses $286.0M $996.0M
YoY Change -15.13% 232.0%
Operating Profit $352.0M $326.0M
YoY Change -24.14% -44.27%
Interest Expense $105.0M -$59.00M
YoY Change -30.0% -171.08%
% of Operating Profit 29.83% -18.1%
Other Income/Expense, Net $20.00M -$12.00M
YoY Change 33.33% -144.44%
Pretax Income $232.0M $255.0M
YoY Change -25.88% -50.39%
Income Tax $39.00M $33.00M
% Of Pretax Income 16.81% 12.94%
Net Earnings $165.0M $235.0M
YoY Change -82.65% -54.01%
Net Earnings / Revenue 3.58% 5.02%
Basic Earnings Per Share $0.47 $0.68
Diluted Earnings Per Share $0.47 $0.67
COMMON SHARES
Basic Shares Outstanding 346.0M shares 347.1M shares
Diluted Shares Outstanding 348.1M shares 346.5M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.149B $746.0M
YoY Change 124.85% -23.64%
Cash & Equivalents $1.149B $746.0M
Short-Term Investments
Other Short-Term Assets $150.0M $189.0M
YoY Change -10.71% -7.35%
Inventory $1.929B $1.911B
Prepaid Expenses
Receivables $3.339B $3.382B
Other Receivables $213.0M $248.0M
Total Short-Term Assets $6.780B $6.476B
YoY Change 2.39% -8.09%
LONG-TERM ASSETS
Property, Plant & Equipment $10.43B $10.92B
YoY Change 2.09% 6.72%
Goodwill $3.041B $3.043B
YoY Change -2.41% -2.59%
Intangibles
YoY Change
Long-Term Investments $2.492B $2.486B
YoY Change -22.49% -22.65%
Other Assets $422.0M $554.0M
YoY Change -20.97% -2.46%
Total Long-Term Assets $17.17B $17.21B
YoY Change -5.88% -5.64%
TOTAL ASSETS
Total Short-Term Assets $6.780B $6.476B
Total Long-Term Assets $17.17B $17.21B
Total Assets $23.95B $23.68B
YoY Change -3.68% -6.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.363B $2.394B
YoY Change -11.43% -10.6%
Accrued Expenses $521.0M $537.0M
YoY Change 0.39% 2.68%
Deferred Revenue $15.00M $22.00M
YoY Change -11.76% 37.5%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $120.0M $248.0M
YoY Change -80.52% -15.36%
Total Short-Term Liabilities $3.882B $4.067B
YoY Change -19.21% -6.55%
LONG-TERM LIABILITIES
Long-Term Debt $5.549B $5.572B
YoY Change 16.43% 5.63%
Other Long-Term Liabilities $1.086B $3.905B
YoY Change -0.91% 257.6%
Total Long-Term Liabilities $1.086B $9.477B
YoY Change -0.91% 767.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.882B $4.067B
Total Long-Term Liabilities $1.086B $9.477B
Total Liabilities $4.968B $15.28B
YoY Change -15.81% 180.66%
SHAREHOLDERS EQUITY
Retained Earnings $9.938B $9.938B
YoY Change -3.89% 3.99%
Common Stock $5.154B $5.137B
YoY Change 0.06% 0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.750B $4.751B
YoY Change 7.54% 14.51%
Treasury Stock Shares
Shareholders Equity $8.882B $8.404B
YoY Change
Total Liabilities & Shareholders Equity $23.95B $23.68B
YoY Change -3.68% -6.32%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $165.0M $235.0M
YoY Change -82.65% -54.01%
Depreciation, Depletion And Amortization $258.0M $244.0M
YoY Change -1.15% -8.61%
Cash From Operating Activities $468.0M $528.0M
YoY Change 7.59% 35.38%
INVESTING ACTIVITIES
Capital Expenditures $228.0M $267.0M
YoY Change -195.8% -243.55%
Acquisitions
YoY Change
Other Investing Activities $473.0M $3.000M
YoY Change 191.98% -97.99%
Cash From Investing Activities $245.0M -$264.0M
YoY Change -422.37% 613.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -306.0M -230.0M
YoY Change -54.26% -64.23%
NET CHANGE
Cash From Operating Activities 468.0M 528.0M
Cash From Investing Activities 245.0M -264.0M
Cash From Financing Activities -306.0M -230.0M
Net Change In Cash 407.0M 34.00M
YoY Change -231.29% -111.72%
FREE CASH FLOW
Cash From Operating Activities $468.0M $528.0M
Capital Expenditures $228.0M $267.0M
Free Cash Flow $240.0M $261.0M
YoY Change -64.34% -54.69%

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