INTERNATIONAL PAPER CO /NEW/

Listed Company

INPAPCIK 0000051434OTCLarge AcceleratedPaper MillsNew YorkFY ends Dec 31

Period

FY 2025

Revenue

$23.63B

Net Income

$-3.52B

Total Assets

$37.96B

Equity

$14.83B

Shares Out

529.47M

Op. Cash Flow

$1.70B

Business

INTERNATIONAL PAPER CO /NEW/ is a global leader in sustainable packaging solutions that produces renewable fiber‑based packaging and pulp products. Its main products and services include pulp, containerboard, corrugated packaging, converted packaging products, recycling services and related intellectual property and technical support. For management and reporting purposes the company operates through two principal segments: Industrial Packaging and Global Cellulose Fibers. It manufactures and distributes products across North America, Latin America, Europe, North Africa and Asia, selling direct to end users and through agents, resellers and distributors.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total net sales	23,634	15,835	16,033	21,161	19,363
Cost of products sold	16,637	11,397	11,512	15,143	13,832
Selling and administrative expenses	2,050	1,703	1,257	1,293	1,385
Depreciation and amortization	2,747	851	1,146	1,040	1,097
Distribution expenses	2,000	1,180	1,240	1,783	1,444
Taxes other than payroll and income taxes	210	119	127	148	139
Restructuring charges, net	626	103	65	89	509
Impairment of goodwill	2,467	0	0	—	—
Net (gains) losses on sales and impairments of businesses	−25	0	0	—	—
Net (gains) losses on sales and impairments of assets	70	59	0	—	—
Interest expense, net	372	214	230	325	337
Non-operating pension (income) expense	−12	−42	54	−192	−200
Earnings (loss) from continuing operations before income taxes and equity earnings	−3,368	369	402	1,511	999
Income tax provision (benefit)	−533	−361	68	−236	188
Equity earnings (loss), net of taxes	−3	−5	−21	−6	2
EARNINGS (LOSS) FROM CONTINUING OPERATIONS	−2,838	725	313	—	—
Discontinued operations, net of taxes	−678	−168	−25	−237	941
NET EARNINGS (LOSS)	−3,516	557	288	1,504	1,752
Earnings (loss) from continuing operations (in dollars per share)	−5.61	2.09	0.9	4.79	2.08
Discontinued operations (in dollars per share)	−1.34	−0.49	−0.07	−0.65	2.42
Net earnings (loss) (in dollars per share)	−6.95	1.6	0.83	4.14	4.5
Earnings (loss) from continuing operations (in dollars per share)	−5.61	2.05	0.89	4.74	2.07
Discontinued operations (in dollars per share)	−1.34	−0.48	−0.07	−0.64	2.4
Net earnings (loss) (in dollars per share)	−6.95	1.57	0.82	4.1	4.47

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and temporary investments	1,145	1,062	—	—	—
Accounts and notes receivable (less allowances of $70 in 2025 and $30 in 2024)	3,791	2,402	3,059	3,284	3,232
Contract assets	635	362	433	481	378
Assets held for sale	1,800	1,016	—	—	0
Inventories	2,012	1,486	1,889	1,942	1,814
Other current assets	723	96	114	126	132
Total Current Assets	10,106	6,424	6,608	6,770	7,096
Plants, Properties and Equipment, net	14,443	7,916	10,150	10,431	10,441
Goodwill	5,326	3,038	3,041	3,041	3,130
Intangibles, net	4,043	72	—	—	—
Long-Term Financial Assets of Variable Interest Entities (Note 15)	2,349	2,331	2,312	2,294	2,275
Right of Use Assets	697	402	448	424	365
Overfunded Pension Plan Assets	486	93	118	297	595
Long-Term Assets Held For Sale	0	1,876	—	0	557
Deferred Charges and Other Assets	514	648	421	497	590
TOTAL ASSETS	37,964	22,800	23,261	23,940	25,243
Notes payable and current maturities of long-term debt	992	191	138	763	196
Accounts payable	3,902	2,110	2,442	2,708	2,606
Accrued payroll and benefits	834	680	397	355	440
Liabilities held for sale	502	344	—	—	0
Other current liabilities	1,669	933	—	—	—
Total Current Liabilities	7,899	4,258	3,959	5,000	4,144
Long-Term Debt	8,839	5,362	5,455	4,816	5,383
Deferred Income Taxes	1,898	1,028	1,552	1,732	2,618
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 15)	2,127	2,120	2,113	2,106	2,099
Long-Term Lease Obligations	486	269	312	283	236
Underfunded Pension Benefit Obligations	316	232	280	281	377
Postretirement and Postemployment Benefit Obligation	133	133	140	150	205
Long-Term Liabilities Held For Sale	0	125	—	—	0
Other Liabilities	1,439	1,100	1,095	1,075	1,099
Commitments and Contingent Liabilities (Note 14)	—	—	—	—	—
Common stock $1 par value, 2025 - 627.0 shares and 2024 - 448.9 shares	627	449	449	449	449
Paid-in capital	14,414	4,732	4,730	4,725	4,668
Retained earnings	4,885	9,393	9,491	9,855	9,029
Accumulated other comprehensive loss	−528	−1,722	−1,565	−1,925	−1,666
Total Shareholders' Equity Before Treasury Stock	19,398	12,852	13,105	13,104	12,480
Less: Common stock held in treasury, at cost, 2025 99.0 shares and 2024 101.5 shares	4,571	4,679	4,750	4,607	3,398
Total Equity	14,827	8,173	8,355	8,497	9,082
TOTAL LIABILITIES AND EQUITY	37,964	22,800	23,261	23,940	25,243

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	2,882	1,305	1,432	1,040	1,210
Deferred income tax provision (benefit), net	−855	−473	−156	−773	−291
Restructuring charges, net	618	221	99	—	—
Net (gains) losses on sales and impairments of businesses	1,045	0	0	—	—
Net (gains) losses on sales and impairments of assets	−70	−58	0	—	—
Net (gains) losses on sales and impairments of equity method investments	0	0	153	—	—
Periodic pension (income) expense, net	39	1	94	−116	−112
Equity method dividends received	0	0	13	204	159
Other, net	−78	135	−88	108	157
Accounts and notes receivable	91	59	255	−59	−596
Contract assets	−21	36	48	−103	−49
Inventories	158	12	73	−162	−263
Accounts payable and other liabilities	−1,027	−140	−402	110	519
Interest payable	22	16	−19	41	−32
Other	−57	7	43	28	−5
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	1,698	1,678	1,833	2,174	2,030
Capital expenditures	−1,857	−921	−1,141	—	—
Acquisitions, net of cash acquired	414	0	0	—	—
Proceeds from divestitures, net of transaction costs	141	0	0	0	827
Proceeds from sales of equity method investments, net of transaction costs	0	0	472	0	908
Proceeds from sale of fixed assets	218	91	4	13	101
Proceeds from insurance recoveries	28	25	0	0	—
Other	32	−3	−3	−1	−3
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES	−1,024	−808	−668	−608	6,054
Issuance of debt	409	102	783	1,011	1,512
Reduction of debt	−255	−141	−780	−1,017	−2,509
Change in book overdrafts	181	−69	−8	1	65
Repurchases of common stock and payments of restricted stock tax withholding	−65	−23	−218	−1,284	−839
Dividends paid	−977	−643	−642	−673	−780
Other	−1	−1	−1	−3	−18
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	−708	−775	−866	−2,054	−7,375
Effect of Exchange Rate Changes on Cash	25	−38	10	—	—
Change in Cash and Temporary Investments	−9	57	309	−491	700

Filings

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