International Paper Company (IP) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:5955115891,0181,0331,0501,881
Cash and cash equivalents3585115891,0181,0331,0501,881
Other undisclosed cash, cash equivalents, and short-term investments237      
Receivables3,0643,2803,5213,2873,0012,6753,083
Inventory, net of allowances, customer advances and progress billings2,0502,2082,2412,3132,4382,2282,424
Inventory2,0502,2082,2412,3132,4382,2282,424
Contract with customer, asset 393395
Disposal group, including discontinued operation   1,377   
Other current assets184247250282198212240
Other undisclosed current assets5,343   299312331
Total current assets:11,2366,6396,9968,2776,9696,4777,959
Noncurrent Assets
Finance lease, right-of-use asset 103
Operating lease, right-of-use asset459434
Property, plant and equipment12,21713,00413,06713,26513,99011,98012,728
Long-term investments and receivables1,1781,7211,648390360228248
Long-term investments1,1781,7211,648390360228248
Intangible assets, net (including goodwill)3173,7153,7673,8932,9853,0043,464
Goodwill 3,3473,3743,4113,3643,3353,773
Intangible assets, net (excluding goodwill)317368393482(379)(331)(309)
Other noncurrent assets7458471,0191,0611,1731,1871,324
Other undisclosed noncurrent assets5,566(6,429)(6,032)(4,896)(4,062)(4,053)(4,529)
Total noncurrent assets:20,48213,39513,46913,71314,44612,34613,235
Other undisclosed assets 13,43713,11111,91311,93011,7647,490
TOTAL ASSETS:31,71833,47133,57633,90333,34530,58728,684
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8544,2584,0553,9863,8333,4984,167
Accounts payable2,3202,4232,4132,4582,3092,0782,664
Accrued liabilities1,0681,3691,1071,0431,0949861,026
Employee-related liabilities466466535485430434477
Deferred revenue3156
Debt29168639311239426742
Disposal group, including discontinued operation   805   
Other undisclosed current liabilities4,3704,164     
Total current liabilities:8,2848,6464,6945,1024,0723,9244,909
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,0649,98910,01510,84611,0758,9008,631
Long-term debt, excluding current maturities8,0649,59710,01510,84611,0758,9008,631
Finance lease, liability 88
Operating lease, liability315304
Other undisclosed long-term debt and lease obligation(315)      
Liabilities, other than long-term debt5,0952,4885,1865,1237,5557,5777,831
Deferred tax liabilities, net2,6002,2913,3763,2313,063
Deferred income tax liabilities2,743 
Liability, pension and other postretirement and postemployment benefits1,3061,8482,0262,2653,7303,9124,215
Other liabilities1,046640560567449434553
Other undisclosed noncurrent liabilities2,4074,6306,2986,2916,2846,2772,050
Total noncurrent liabilities:15,56617,10721,49922,26024,91422,75418,512
Total liabilities:23,85025,75326,19327,36228,98626,67823,421
Stockholders' equity
Stockholders' equity attributable to parent7,8547,7137,3626,5224,3413,8845,115
Common stock449449449449449449449
Treasury stock, value(2,648)(2,702)(2,332)(1,680)(1,753)(1,749)(1,342)
Additional paid in capital6,3256,2976,2806,2066,1896,2436,245
Accumulated other comprehensive loss(4,342)(4,739)(4,500)(4,633)(5,362)(5,708)(4,646)
Retained earnings8,0708,4087,4656,1804,8184,6494,409
Stockholders' equity attributable to noncontrolling interest14521191825148
Total stockholders' equity:7,8687,7187,3836,5414,3593,9095,263
TOTAL LIABILITIES AND EQUITY:31,71833,47133,57633,90333,34530,58728,684

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues20,58022,37623,30621,74321,07922,36523,617
Revenue, net21,74321,07922,36523,617
Cost of revenue
(Cost of Goods and Services Sold)
(14,373)(15,268) (16,734)(16,513)(1,406)(1,521)
Other undisclosed gross profit     (14,062)(14,733)
Gross profit:6,2077,10823,3065,0094,5666,8977,363
Operating expenses(1,715)(1,736)(1,723)(2,007)(1,575)(1,842)(1,981)
Other undisclosed operating loss     (2,694)(3,324)
Operating income:4,4925,37221,5833,0022,9912,3612,058
Nonoperating income (expense)232(241)(616)(3)(70)(85)32
Investment income, nonoperating191(205)(122)(3)(70)(85)32
Net periodic defined benefits expense (reversal of expense), excluding service cost component41(36)(494)
Interest and debt expense19621108229(437)(401)
Other undisclosed loss from continuing operations before equity method investments, income taxes(4,270)(3,548)(19,196)(2,233)(1,994)(573)(817)
Income from continuing operations before equity method investments, income taxes:6501,6041,7818489561,266872
Income (loss) from equity method investments77250336177198117(200)
Income from continuing operations before income taxes:7271,8542,1171,0251,1541,383672
Income tax expense (benefit)(245)(634)(445)1,085(247)(466)(123)
Income before gain (loss) on sale of properties:4821,2201,6722,110907917549
Other undisclosed net income (loss)  34534(5) (13)
Net income:4821,2202,0172,144902917536
Net income (loss) attributable to noncontrolling interest 5(5) 22119
Net income available to common stockholders, basic:4821,2252,0122,144904938555
Other undisclosed net income available to common stockholders, diluted    5 13
Net income available to common stockholders, diluted:4821,2252,0122,144909938568

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4821,2202,0172,144902917536
Other comprehensive income (loss)397290130730344(1,068)(1,899)
Comprehensive income (loss):8791,5102,1472,8741,246(151)(1,363)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 5(2)(1)(2)(6)(12)
Other undisclosed comprehensive income, net of tax, attributable to parent    63343
Comprehensive income (loss), net of tax, attributable to parent:8791,5152,1452,8731,250(124)(1,332)

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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