$IP
INTERNATIONAL PAPER CO /NEW/

2023 Q4 Form 10-Q Financial Statement

#000005143423000053 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $4.601B $4.613B
YoY Change -10.36% -14.61%
Cost Of Revenue $3.282B $3.345B
YoY Change -10.52% -12.66%
Gross Profit $1.319B $1.268B
YoY Change -9.97% -19.34%
Gross Profit Margin 28.67% 27.49%
Selling, General & Admin $791.0M $286.0M
YoY Change -1.0% -15.13%
% of Gross Profit 59.97% 22.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $689.0M $258.0M
YoY Change 174.5% -1.15%
% of Gross Profit 52.24% 20.35%
Operating Expenses $1.480B $286.0M
YoY Change 40.95% -15.13%
Operating Profit -$161.0M $352.0M
YoY Change -138.8% -24.14%
Interest Expense -$52.00M $105.0M
YoY Change -24.64% -30.0%
% of Operating Profit 29.83%
Other Income/Expense, Net -$14.00M $20.00M
YoY Change -129.17% 33.33%
Pretax Income -$326.0M $232.0M
YoY Change -201.24% -25.88%
Income Tax -$61.00M $39.00M
% Of Pretax Income 16.81%
Net Earnings -$284.0M $165.0M
YoY Change -10.69% -82.65%
Net Earnings / Revenue -6.17% 3.58%
Basic Earnings Per Share $0.47
Diluted Earnings Per Share -$0.82 $0.47
COMMON SHARES
Basic Shares Outstanding 346.0M shares 346.0M shares
Diluted Shares Outstanding 348.1M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.113B $1.149B
YoY Change 38.43% 124.85%
Cash & Equivalents $1.113B $1.149B
Short-Term Investments
Other Short-Term Assets $114.0M $150.0M
YoY Change -55.98% -10.71%
Inventory $1.889B $1.929B
Prepaid Expenses
Receivables $3.492B $3.339B
Other Receivables $0.00 $213.0M
Total Short-Term Assets $6.608B $6.780B
YoY Change -2.39% 2.39%
LONG-TERM ASSETS
Property, Plant & Equipment $10.60B $10.43B
YoY Change -2.37% 2.09%
Goodwill $3.041B $3.041B
YoY Change 0.0% -2.41%
Intangibles
YoY Change
Long-Term Investments $2.475B $2.492B
YoY Change -0.2% -22.49%
Other Assets $539.0M $422.0M
YoY Change -32.12% -20.97%
Total Long-Term Assets $16.65B $17.17B
YoY Change -3.01% -5.88%
TOTAL ASSETS
Total Short-Term Assets $6.608B $6.780B
Total Long-Term Assets $16.65B $17.17B
Total Assets $23.26B $23.95B
YoY Change -2.84% -3.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.821B $2.363B
YoY Change -9.82% -11.43%
Accrued Expenses $550.0M $521.0M
YoY Change 9.56% 0.39%
Deferred Revenue $32.00M $15.00M
YoY Change -15.79% -11.76%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $138.0M $120.0M
YoY Change -81.91% -80.52%
Total Short-Term Liabilities $3.959B $3.882B
YoY Change -20.82% -19.21%
LONG-TERM LIABILITIES
Long-Term Debt $5.455B $5.549B
YoY Change 13.27% 16.43%
Other Long-Term Liabilities $3.940B $1.086B
YoY Change 1.16% -0.91%
Total Long-Term Liabilities $9.395B $1.086B
YoY Change 7.85% -0.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.959B $3.882B
Total Long-Term Liabilities $9.395B $1.086B
Total Liabilities $14.91B $4.968B
YoY Change -3.48% -15.81%
SHAREHOLDERS EQUITY
Retained Earnings $9.491B $9.938B
YoY Change -3.69% -3.89%
Common Stock $5.179B $5.154B
YoY Change 0.1% 0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.750B $4.750B
YoY Change 3.1% 7.54%
Treasury Stock Shares
Shareholders Equity $8.355B $8.882B
YoY Change
Total Liabilities & Shareholders Equity $23.26B $23.95B
YoY Change -2.84% -3.68%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$284.0M $165.0M
YoY Change -10.69% -82.65%
Depreciation, Depletion And Amortization $689.0M $258.0M
YoY Change 174.5% -1.15%
Cash From Operating Activities $492.0M $468.0M
YoY Change -35.35% 7.59%
INVESTING ACTIVITIES
Capital Expenditures $305.0M $228.0M
YoY Change -194.72% -195.8%
Acquisitions
YoY Change
Other Investing Activities -$5.000M $473.0M
YoY Change -171.43% 191.98%
Cash From Investing Activities -$310.0M $245.0M
YoY Change -1.59% -422.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -222.0M -306.0M
YoY Change 39.62% -54.26%
NET CHANGE
Cash From Operating Activities 492.0M 468.0M
Cash From Investing Activities -310.0M 245.0M
Cash From Financing Activities -222.0M -306.0M
Net Change In Cash -40.00M 407.0M
YoY Change -113.94% -231.29%
FREE CASH FLOW
Cash From Operating Activities $492.0M $468.0M
Capital Expenditures $305.0M $228.0M
Free Cash Flow $187.0M $240.0M
YoY Change -82.73% -64.34%

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NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
40000000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-144000000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
352000000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
464000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
992000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1397000000 usd

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