$IP
INTERNATIONAL PAPER CO /NEW/

2024 Q2 Form 10-Q Financial Statement

#000005143424000034 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $4.734B $4.619B
YoY Change 1.11% -7.99%
Cost Of Revenue $3.360B $3.424B
YoY Change 0.0% -5.99%
Gross Profit $1.374B $1.195B
YoY Change 3.93% -13.28%
Gross Profit Margin 29.02% 25.87%
Selling, General & Admin $453.0M $790.0M
YoY Change -39.76% 107.35%
% of Gross Profit 32.97% 66.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $261.0M $278.0M
YoY Change 6.97% 15.35%
% of Gross Profit 19.0% 23.26%
Operating Expenses $453.0M $1.068B
YoY Change -54.52% 180.31%
Operating Profit $322.0M $127.0M
YoY Change -1.23% -58.5%
Interest Expense $107.0M -$46.00M
YoY Change -281.36% -144.66%
% of Operating Profit 33.23% -36.22%
Other Income/Expense, Net $23.00M $12.00M
YoY Change -291.67% 50.0%
Pretax Income $206.0M $85.00M
YoY Change -19.22% -61.54%
Income Tax -$293.0M $27.00M
% Of Pretax Income -142.23% 31.76%
Net Earnings $498.0M $56.00M
YoY Change 111.91% -67.44%
Net Earnings / Revenue 10.52% 1.21%
Basic Earnings Per Share $1.43 $0.16
Diluted Earnings Per Share $1.41 $0.16
COMMON SHARES
Basic Shares Outstanding 347.3M shares 346.4M shares
Diluted Shares Outstanding 352.8M shares 348.5M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.049B $1.070B
YoY Change 40.62% 68.24%
Cash & Equivalents $1.049B $1.070B
Short-Term Investments
Other Short-Term Assets $147.0M $140.0M
YoY Change -22.22% -6.04%
Inventory $1.728B $1.771B
Prepaid Expenses
Receivables $3.351B $3.213B
Other Receivables $282.0M $265.0M
Total Short-Term Assets $6.557B $6.459B
YoY Change 1.25% -2.36%
LONG-TERM ASSETS
Property, Plant & Equipment $9.953B $10.47B
YoY Change -8.87% 0.18%
Goodwill $3.040B $3.041B
YoY Change -0.1% -0.03%
Intangibles
YoY Change
Long-Term Investments $2.484B $2.477B
YoY Change -0.08% -0.32%
Other Assets $419.0M $405.0M
YoY Change -24.37% -9.8%
Total Long-Term Assets $16.51B $16.57B
YoY Change -4.07% -3.42%
TOTAL ASSETS
Total Short-Term Assets $6.557B $6.459B
Total Long-Term Assets $16.51B $16.57B
Total Assets $23.06B $23.03B
YoY Change -2.62% -3.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.350B $2.322B
YoY Change -1.84% -8.62%
Accrued Expenses $624.0M $527.0M
YoY Change 16.2% 6.9%
Deferred Revenue $17.00M $28.00M
YoY Change -22.73% -22.22%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $259.0M $138.0M
YoY Change 4.44% -62.4%
Total Short-Term Liabilities $4.114B $3.854B
YoY Change 1.16% -9.66%
LONG-TERM LIABILITIES
Long-Term Debt $5.329B $5.453B
YoY Change -4.36% -0.33%
Other Long-Term Liabilities $1.099B $3.923B
YoY Change -71.86% 261.57%
Total Long-Term Liabilities $1.099B $9.376B
YoY Change -88.4% 764.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.114B $3.854B
Total Long-Term Liabilities $1.099B $9.376B
Total Liabilities $5.213B $14.77B
YoY Change -65.88% 176.04%
SHAREHOLDERS EQUITY
Retained Earnings $9.719B $9.386B
YoY Change -2.2% -4.87%
Common Stock $5.137B $5.112B
YoY Change 0.0% -0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.681B $4.683B
YoY Change -1.47% -0.66%
Treasury Stock Shares
Shareholders Equity $8.595B $8.257B
YoY Change
Total Liabilities & Shareholders Equity $23.06B $23.03B
YoY Change -2.62% -3.13%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $498.0M $56.00M
YoY Change 111.91% -67.44%
Depreciation, Depletion And Amortization $261.0M $278.0M
YoY Change 6.97% 15.35%
Cash From Operating Activities $365.0M $395.0M
YoY Change -30.87% 14.49%
INVESTING ACTIVITIES
Capital Expenditures $198.0M $251.0M
YoY Change -25.84% -26.39%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $4.000M
YoY Change -133.33% 100.0%
Cash From Investing Activities -$199.0M -$247.0M
YoY Change -24.62% -27.14%
FINANCING ACTIVITIES
Cash Dividend Paid $161.0M
YoY Change -0.62%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.000M
YoY Change -99.27%
Cash From Financing Activities -174.0M -191.0M
YoY Change -24.35% 76.85%
NET CHANGE
Cash From Operating Activities 365.0M 395.0M
Cash From Investing Activities -199.0M -247.0M
Cash From Financing Activities -174.0M -191.0M
Net Change In Cash -8.000M -43.00M
YoY Change -123.53% -55.21%
FREE CASH FLOW
Cash From Operating Activities $365.0M $395.0M
Capital Expenditures $198.0M $251.0M
Free Cash Flow $167.0M $144.0M
YoY Change -36.02% 3500.0%

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