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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5115891,0181,0331,0501,8811,802
Cash and cash equivalents5115891,0181,0331,0501,8811,802
Receivables3,2803,5213,2873,0012,6753,0833,756
Inventory, net of allowances, customer advances and progress billings2,2082,2412,3132,4382,2282,4242,825
Inventory2,2082,2412,3132,4382,2282,4242,825
Contract with customer, asset393395
Disposal group, including discontinued operation  1,377    
Other current assets247250282198212240340
Other undisclosed current assets   299312331302
Total current assets:6,6396,9968,2776,9696,4777,9599,025
Noncurrent Assets
Finance lease, right-of-use asset103
Operating lease, right-of-use asset434
Property, plant and equipment13,00413,06713,26513,99011,98012,72813,672
Long-term investments and receivables1,7211,648390360228248733
Long-term investments1,7211,648390360228248733
Intangible assets, net (including goodwill)3,7153,7673,8932,9853,0043,4643,715
Goodwill3,3473,3743,4113,3643,3353,7733,987
Intangible assets, net (excluding goodwill)368393482(379)(331)(309)(272)
Other noncurrent assets8471,0191,0611,1731,1871,3241,427
Other undisclosed noncurrent assets(6,429)(6,032)(4,896)(4,062)(4,053)(4,529)(5,318)
Total noncurrent assets:13,39513,46913,71314,44612,34613,23514,229
Other undisclosed assets13,43713,11111,91311,93011,7647,4908,274
TOTAL ASSETS:33,47133,57633,90333,34530,58728,68431,528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2584,0553,9863,8333,4984,1673,411
Accounts payable2,4232,4132,4582,3092,0782,6642,900
Accrued liabilities1,3691,1071,0431,0949861,026 
Employee-related liabilities466535485430434477511
Deferred revenue56
Debt168639311239426742661
Disposal group, including discontinued operation  805    
Other undisclosed current liabilities4,164     1,055
Total current liabilities:8,6464,6945,1024,0723,9244,9095,127
Noncurrent Liabilities
Long-term debt and lease obligation9,98910,01510,84611,0758,9008,6318,827
Long-term debt, excluding current maturities9,59710,01510,84611,0758,9008,6318,827
Finance lease, liability88
Operating lease, liability304
Liabilities, other than long-term debt2,4885,1865,1237,5557,5777,8317,084
Pension and other postretirement defined benefit plans, liabilities2,617
Deferred tax liabilities, net2,6002,2913,3763,2313,0633,765
Liability, pension and other postretirement and postemployment benefits1,8482,0262,2653,7303,9124,215
Other liabilities640560567449434553702
Other undisclosed noncurrent liabilities4,6306,2986,2916,2846,2772,0502,043
Total noncurrent liabilities:17,10721,49922,26024,91422,75418,51217,954
Total liabilities:25,75326,19327,36228,98626,67823,42123,081
Temporary equity, carrying amount      163
Stockholders' equity
Stockholders' equity attributable to parent7,7137,3626,5224,3413,8845,1158,105
Common stock449449449449449449447
Treasury stock, value(2,702)(2,332)(1,680)(1,753)(1,749)(1,342)(492)
Additional paid in capital6,2976,2806,2066,1896,2436,2456,463
Accumulated other comprehensive loss(4,739)(4,500)(4,633)(5,362)(5,708)(4,646)(2,759)
Retained earnings8,4087,4656,1804,8184,6494,4094,446
Stockholders' equity attributable to noncontrolling interest521191825148179
Total stockholders' equity:7,7187,3836,5414,3593,9095,2638,284
TOTAL LIABILITIES AND EQUITY:33,47133,57633,90333,34530,58728,68431,528

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues22,37623,30621,74321,07922,36523,61729,080
Revenue, net21,74321,07922,36523,61729,080
Cost of revenue
(Cost of Goods and Services Sold)
(15,268) (16,734)(16,513)(1,406)(1,521)(1,732)
Other undisclosed gross profit    (14,062)(14,733)(19,491)
Gross profit:7,10823,3065,0094,5666,8977,3637,857
Operating expenses(1,736)(1,723)(2,007)(1,575)(1,842)(1,981)(2,804)
Other undisclosed operating loss    (2,694)(3,324)(3,209)
Operating income:5,37221,5833,0022,9912,3612,0581,844
Nonoperating income (expense)(241)(616)(3)(70)(85)3257
Investment income, nonoperating(205)(122)(3)(70)(85)3257
Net periodic defined benefits expense (reversal of expense), excluding service cost component(36)(494)
Interest and debt expense21108229(437)(401)(644)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,548)(19,196)(2,233)(1,994)(573)(817)(408)
Income from continuing operations before equity method investments, income taxes:1,6041,7818489561,266872849
Income (loss) from equity method investments250336177198117(200)(39)
Income from continuing operations before income taxes:1,8542,1171,0251,1541,383672810
Income tax expense (benefit)(634)(445)1,085(247)(466)(123)523
Income before gain (loss) on sale of properties:1,2201,6722,1109079175491,333
Other undisclosed net income (loss) 34534(5) (13)45
Net income:1,2202,0172,1449029175361,378
Net income (loss) attributable to noncontrolling interest5(5) 2211917
Net income available to common stockholders, basic:1,2252,0122,1449049385551,395
Other undisclosed net income (loss) available to common stockholders, diluted   5 13(45)
Net income available to common stockholders, diluted:1,2252,0122,1449099385681,350

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,2202,0172,1449029175361,378
Other comprehensive income (loss)290130730344(1,068)(1,899)1,058
Comprehensive income (loss):1,5102,1472,8741,246(151)(1,363)2,436
Comprehensive income (loss), net of tax, attributable to noncontrolling interest5(2)(1)(2)(6)(12)23
Other undisclosed comprehensive income, net of tax, attributable to parent   6334317
Comprehensive income (loss), net of tax, attributable to parent:1,5152,1452,8731,250(124)(1,332)2,476

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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