INTERNATIONAL PAPER COMPANY IP Income Statement

International paper company (IP)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
Revenue from Contract with Customer, Excluding Assessed Tax
5,352	5,498	5,568	5,667	5,643	5,951	5,901	5,833	5,621	5,711	5,517	5,383	5,132	3,797	5,266	5,322	5,110	3,753	5,691	5,714	5,517	5,943	6,051	5,899	5,724	3,083	5,975	7,335	7,090	1,094	7,026	7,077	6,655	6,367	6,632	6,648	6,387	6,531	6,720	6,121	5,807	5,977	5,919	5,802	5,668	6,808
Costs and Expenses
Cost of products sold
3,746	3,666	3,772	3,901	3,929	3,798	3,887	3,922	3,948	3,702	3,713	3,749	3,638	2,074	3,622	4,112	3,611	2,610	3,891	3,968	3,844	4,105	4,055	4,060	4,034	1,600	4,048	5,414	5,220	-107	5,140	5,270	4,984	4,662	4,793	4,880	4,625	4,770	4,758	4,490	4,464	3,950	3,758	3,781	3,731	5,154
Selling and administrative expenses
418	445	387	402	413	446	405	451	421	434	401	393	393	316	380	386	376	313	417	403	406	462	467	436	428	241	473	515	567	160	527	474	513	441	477	484	485	533	504	472	421	496	527	508	500	507
Depreciation, amortization and cost of timber harvested
323	343	327	321	315	338	335	330	325	339	350	334	320	225	314	301	284	187	329	328	323	346	358	355	347	359	397	396	379	362	383	366	362	321	335	336	340	360	362	363	371	384	378	367	343	374
Distribution expenses
407	392	395	384	389	401	397	403	366	373	354	359	348	225	353	339	320	190	334	367	357	384	394	377	366	310	402	449	422	272	403	448	347	337	352	361	340	332	339	330	317	318	299	279	279	376
Taxes other than payroll and income taxes
44	42	42	43	43	41	44	42	44	45	41	41	42	31	41	41	41	31	39	44	44	43	43	48	46	36	46	47	49	35	39	44	41	35	33	38	40	42	58	47	45	43	48	47	50	48
Restructuring and other charges, net
8	36	21	0	0	-19	0	26	22	83	0	-16	0	7	46	0	1	33	25	194	0	16	24	307	499	42	59	-4	59	-23	33	21	34	18	49	-10	45	35	0	144	215	1,040	151	79	83	97
Gain on sale of mineral rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	261
Gain on sale of forestlands
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3
Net (gains) losses on sales and impairments of businesses
-344	-52	-8	-152	7	0	-122	0	0	-	0	-9	-	-140	5	28	37	-360	186	0	0	-	0	-	-	-	-1	-	-	3	-18	-78	7	1	-82	-129	-8	23	0	0	0	-	0	-48	-	107
Net (gains) losses on sales of equity method investments
33	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) Related to Litigation Settlement
-	-	-32	-	-	-	0	-	-	-	0	-354	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net bargain purchase gain on acquisition of business
-	-	-	-	-	-	-	-	-	0	0	0	6	0	0	0	0	-	-	-	-	-	-	-	-	-	0	-13	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-117	-113	-123	-122	-133	-135	-133	-133	-135	-141	-152	-137	-142	-136	-132	-129	-123	-133	-141	-144	-137	-142	-158	-164	-143	-134	-146	-168	-164	-168	-163	-172	-168	-138	-130	-137	-136	-448	-152	-157	149	-1,175	169	173	164	144
Non-operating pension expense (income)
-6	9	9	8	10	429	25	36	4	397	49	46	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings
-16	400	452	334	418	382	553	490	356	197	457	-23	217	119	373	-14	317	131	329	266	406	307	552	152	-139	232	403	363	230	230	320	204	213	416	381	293	368	332	547	118	-175	-428	589	520	518	265
Income Tax Expense (Benefit)
94	263	137	128	106	143	83	130	89	-1,207	136	-87	73	54	107	-9	41	71	106	110	130	34	147	22	-80	-561	38	94	-69	49	130	57	70	154	-84	118	123	50	170	25	-24	-321	212	348	230	118
Equity earnings (loss), net of taxes
-31	29	27	80	114	79	92	70	95	64	45	20	48	47	43	45	63	33	-13	62	35	-136	-72	41	-33	-9	16	-36	-10	9	34	-26	44	23	0	52	65	84	22	7	-2	33	0	-32	-27	5
EARNINGS (LOSS) FROM CONTINUING OPERATIONS
-	-	342	286	-	318	562	430	362	1,468	366	84	192	112	309	40	339	93	210	218	311	137	333	171	-92	784	381	233	289	190	224	121	187	285	465	227	310	366	399	100	-153	-	-	-	-	-
Discontinued operations, net of taxes
-	-	0	0	-	0	0	-23	368	-8	29	-4	17	107	0	0	-5	85	0	0	0	-9	16	-13	-7	-354	-5	24	26	42	14	16	5	0	0	0	49	0	0	0	0	-	-	-	-	0
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	152
Net Earnings (Loss)
-141	166	342	286	426	318	562	407	730	1,460	395	80	209	219	309	40	334	178	210	218	311	128	349	158	-99	430	376	257	315	232	238	137	192	285	465	227	359	366	399	100	-153	-74	377	140	261	152
Less: Net earnings (loss) attributable to noncontrolling interests
0	1	-2	-6	2	2	0	2	1	0	0	0	0	1	-3	0	0	0	-10	-9	-2	-6	-6	-3	-4	-6	-6	-2	-3	-3	1	3	4	4	-3	8	5	3	2	7	9	4	6	4	4	3
Net Earnings (Loss) Attributable to International Paper Company
-141	165	344	292	424	316	562	405	729	1,460	395	80	209	218	312	40	334	178	220	227	313	134	355	161	-95	436	382	259	318	235	237	134	188	281	468	219	354	363	397	93	-162	-78	371	136	257	149
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders
Earnings (loss) from continuing operations
-	-	0.88	0.74	-	0.79	1.38	1.03	0.87	3.55	0.89	0.20	0.47	0.27	0.76	0.10	0.82	0.24	0.53	0.54	0.74	0.33	0.80	0.40	-0.20	1.79	0.87	0.53	0.66	0.45	0.51	0.27	0.42	0.65	1.08	0.51	0.71	0.85	0.92	0.22	-0.38	-	-	-	-	0.35
Discontinued operations, net of taxes
-	-	0.00	0.00	-	0.00	0.00	-0.05	0.89	-0.02	0.07	-0.01	0.04	0.26	0.00	0.00	-0.01	0.20	0.00	0.00	0.00	-0.03	0.04	-0.03	-0.01	-0.80	-0.01	0.05	0.06	0.09	0.03	0.04	0.01	0.00	0.00	0.00	0.11	0.00	0.00	0.00	0.00	-	-	-	-	0.00
Net earnings (loss)
-0.36	0.42	0.88	0.74	1.06	0.79	1.38	0.98	1.76	3.53	0.96	0.19	0.51	0.53	0.76	0.10	0.81	0.44	0.53	0.54	0.74	0.30	0.84	0.37	-0.21	0.99	0.86	0.58	0.72	0.54	0.54	0.31	0.43	0.65	1.08	0.51	0.82	0.85	0.92	0.22	-0.38	-0.19	0.87	0.32	0.61	0.35
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders
Earnings (loss) from continuing operations
-	-	0.87	0.73	-	0.77	1.37	1.02	0.86	3.51	0.88	0.20	0.46	0.26	0.75	0.10	0.82	0.22	0.53	0.54	0.74	0.32	0.79	0.40	-0.20	1.77	0.86	0.52	0.65	0.43	0.51	0.27	0.42	0.63	1.08	0.51	0.70	0.85	0.91	0.21	-0.38	-	-	-	-	0.35
Discontinued operations, net of taxes
-	-	0.00	0.00	-	0.00	0.00	-0.05	0.88	-0.02	0.07	-0.01	0.04	0.26	0.00	0.00	-0.01	0.20	0.00	0.00	0.00	-0.02	0.04	-0.03	-0.01	-0.79	-0.01	0.05	0.06	0.09	0.03	0.04	0.01	0.00	0.00	0.00	0.11	0.00	0.00	0.00	0.00	-	-	-	-	0.00
Net earnings (loss)
-0.36	0.42	0.87	0.73	1.05	0.77	1.37	0.97	1.74	3.49	0.95	0.19	0.50	0.52	0.75	0.10	0.81	0.42	0.53	0.54	0.74	0.30	0.83	0.37	-0.21	0.98	0.85	0.57	0.71	0.52	0.54	0.31	0.43	0.63	1.08	0.51	0.81	0.85	0.91	0.21	-0.38	-0.19	0.87	0.32	0.61	0.35
Average Shares of Common Stock Outstanding – assuming dilution
392	-	395	398	403	-	411	417	418	-	417	416	416	-	415	414	414	-	417	421	423	-	428	432	435	-	449	448	446	-	439	438	438	-	435	430	433	-	433	433	428	-	428	425	423	423
Cash Dividends Per Common Share
-	-	-	-	-	-	-	-	0.47	-	0.46	0.46	0.46	-	0.44	0.44	0.44	-	0.40	0.40	0.40	-	0.35	0.35	0.35	-	0.30	0.30	0.30	-	0.26	0.26	0.26	-	0.26	0.26	0.18	-	0.12	0.12	0.02	-	0.02	0.02	0.25	0.25
Amounts Attributable to International Paper Company Common Shareholders
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	361	-	366	84	192	111	312	40	339	93	220	227	313	143	339	174	-88	790	387	235	292	193	223	118	183	281	468	219	305	363	397	93	-162	-	-	-	-	149
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	0	0	-	0	0	-23	368	-8	29	-4	17	107	0	0	-5	85	0	0	0	-9	16	-13	-7	-354	-5	24	26	42	14	16	5	0	0	0	49	0	0	0	0	-	-	-	-	0
Net Earnings (Loss) Attributable to International Paper Company
-141	165	344	292	424	316	562	405	729	1,460	395	80	209	218	312	40	334	178	220	227	313	134	355	161	-95	436	382	259	318	235	237	134	188	281	468	219	354	363	397	93	-162	-78	371	136	257	149