International Paper Company (IP) financial statements (2022 and earlier)

Company profile

Business Address 6400 POPLAR AVENUE
MEMPHIS, TN 38197
State of Incorp. NY
Fiscal Year End December 31
SIC 2621 - Paper Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:1,2955955115891,0181,0331,050
Cash and cash equivalents1,1003585115891,0181,0331,050
Other undisclosed cash, cash equivalents, and short-term investments195237     
Receivables3,2323,0643,2803,5213,2873,0012,675
Inventory, net of allowances, customer advances and progress billings1,8142,0502,2082,2412,3132,4382,228
Inventory1,8142,0502,2082,2412,3132,4382,228
Contract with customer, asset  393395
Disposal group, including discontinued operation    1,377  
Other current assets132184247250282198212
Other undisclosed current assets6235,343   299312
Total current assets:7,09611,2366,6396,9968,2776,9696,477
Noncurrent Assets
Finance lease, right-of-use asset  103
Operating lease, right-of-use asset365459434
Property, plant and equipment10,44112,21713,00413,06713,26513,99011,980
Long-term investments and receivables7511,1781,7211,648390360228
Long-term investments7511,1781,7211,648390360228
Intangible assets, net (including goodwill)3,3983173,7153,7673,8932,9853,004
Goodwill3,130 3,3473,3743,4113,3643,335
Intangible assets, net (excluding goodwill)268317368393482(379)(331)
Other noncurrent assets5727458471,0191,0611,1731,187
Other undisclosed noncurrent assets2,6205,566(6,429)(6,032)(4,896)(4,062)(4,053)
Total noncurrent assets:18,14720,48213,39513,46913,71314,44612,346
Other undisclosed assets  13,43713,11111,91311,93011,764
TOTAL ASSETS:25,24331,71833,47133,57633,90333,34530,587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9483,8544,2584,0553,9863,8333,498
Accounts payable2,6062,3202,4232,4132,4582,3092,078
Accrued liabilities9021,0681,3691,1071,0431,094986
Employee-related liabilities440466466535485430434
Deferred revenue 3156
Debt19629168639311239426
Disposal group, including discontinued operation    805  
Other undisclosed current liabilities 4,3704,164    
Total current liabilities:4,1448,2848,6464,6945,1024,0723,924
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,3838,0649,98910,01510,84611,0758,900
Long-term debt, excluding current maturities5,3838,0649,59710,01510,84611,0758,900
Finance lease, liability  88
Operating lease, liability236315304
Other undisclosed long-term debt and lease obligation(236)(315)     
Liabilities, other than long-term debt4,2995,0952,4885,1865,1237,5557,577
Deferred tax liabilities, net2,6002,2913,3763,231
Deferred income tax liabilities2,6182,743 
Liability, pension and other postretirement and postemployment benefits5821,3061,8482,0262,2653,7303,912
Other liabilities1,0991,046640560567449434
Other undisclosed noncurrent liabilities2,3352,4074,6306,2986,2916,2846,277
Total noncurrent liabilities:12,01715,56617,10721,49922,26024,91422,754
Total liabilities:16,16123,85025,75326,19327,36228,98626,678
Stockholders' equity
Stockholders' equity attributable to parent9,0827,8547,7137,3626,5224,3413,884
Common stock449449449449449449449
Treasury stock, value(3,398)(2,648)(2,702)(2,332)(1,680)(1,753)(1,749)
Additional paid in capital4,6686,3256,2976,2806,2066,1896,243
Accumulated other comprehensive loss(1,666)(4,342)(4,739)(4,500)(4,633)(5,362)(5,708)
Retained earnings9,0298,0708,4087,4656,1804,8184,649
Stockholders' equity attributable to noncontrolling interest 14521191825
Total stockholders' equity:9,0827,8687,7187,3836,5414,3593,909
TOTAL LIABILITIES AND EQUITY:25,24331,71833,47133,57633,90333,34530,587

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues19,36320,58022,37623,30621,74321,07922,365
Revenue, net21,74321,07922,365
Cost of revenue
(Cost of Goods and Services Sold)
(13,832)(14,373)(15,268) (16,734)(16,513)(1,406)
Other undisclosed gross profit      (14,062)
Gross profit:5,5316,2077,10823,3065,0094,5666,897
Operating expenses(1,894)(1,715)(1,736)(1,723)(2,007)(1,575)(1,842)
Other undisclosed operating loss      (2,694)
Operating income:3,6374,4925,37221,5833,0022,9912,361
Nonoperating income (expense)404232(241)(616)(3)(70)(85)
Investment income, nonoperating204191(205)(122)(3)(70)(85)
Net periodic defined benefits expense (reversal of expense), excluding service cost component20041(36)(494)
Interest and debt expense46119621108229(437)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,503)(4,270)(3,548)(19,196)(2,233)(1,994)(573)
Income from continuing operations before equity method investments, income taxes:9996501,6041,7818489561,266
Income from equity method investments31377250336177198117
Income from continuing operations before income taxes:1,3127271,8542,1171,0251,1541,383
Income tax expense (benefit)(188)(245)(634)(445)1,085(247)(466)
Income before gain (loss) on sale of properties:1,1244821,2201,6722,110907917
Other undisclosed net income (loss)630  34534(5) 
Net income:1,7544821,2202,0172,144902917
Net income (loss) attributable to noncontrolling interest(2) 5(5) 221
Net income available to common stockholders, basic:1,7524821,2252,0122,144904938
Other undisclosed net income available to common stockholders, diluted     5 
Net income available to common stockholders, diluted:1,7524821,2252,0122,144909938

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,7544821,2202,0172,144902917
Other comprehensive income (loss)901397290130730344(1,068)
Comprehensive income (loss):2,6558791,5102,1472,8741,246(151)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  5(2)(1)(2)(6)
Other undisclosed comprehensive income, net of tax, attributable to parent     633
Comprehensive income (loss), net of tax, attributable to parent:2,6558791,5152,1452,8731,250(124)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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