INTERNATIONAL PAPER CO /NEW/ Earnings Per Share Disclosure
In millions, except per share amounts | 2025 | 2024 | 2023 | ||
Earnings (loss) from continuing operations | $(2,838) | $725 | $313 | ||
Weighted average common shares outstanding | 505.7 | 347.2 | 346.9 | ||
Effect of dilutive securities (a) | |||||
Restricted performance share plan | — | 7.0 | 2.2 | ||
Weighted average common shares outstanding – assuming dilution | 505.7 | 354.2 | 349.1 | ||
Basic earnings (loss) per share from continuing operations | $(5.61) | $2.09 | $0.90 | ||
Diluted earnings (loss) per share from continuing operations | $(5.61) | $2.05 | $0.89 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 19, 2020 | |
| 2018 | Feb 20, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 22, 2017 | |
| 2015 | Feb 25, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.