INTERNATIONAL PAPER COMPANY IP Income Statement

International paper company (IP)

Income statement / TTM

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
22,085	22,376	22,829	23,162	23,328	23,306	23,066	22,682	22,232	21,743	19,829	19,578	19,517	19,495	19,451	19,876	20,268	20,675	22,865	23,225	23,410	23,617	20,757	20,681	22,117	23,483	21,494	22,545	22,287	21,852	27,125	26,731	26,302	26,034	26,198	26,286	25,759	25,179	24,625	23,824	23,505	23,366	24,197	0	0	0
Costs and Expenses
Cost of products sold
15,085	15,268	15,400	15,515	15,536	15,555	15,459	15,285	15,112	14,802	13,174	13,083	13,446	13,419	13,955	14,224	14,080	14,313	15,808	15,972	16,064	16,254	13,749	13,742	15,096	16,282	14,575	15,667	15,523	15,287	20,056	19,709	19,319	18,960	19,068	19,033	18,643	18,482	17,662	16,662	15,953	15,220	16,424	0	0	0
Selling and administrative expenses
1,652	1,647	1,648	1,666	1,715	1,723	1,711	1,707	1,649	1,621	1,503	1,482	1,475	1,458	1,455	1,492	1,509	1,539	1,688	1,738	1,771	1,793	1,572	1,578	1,657	1,796	1,715	1,769	1,728	1,674	1,955	1,905	1,915	1,887	1,979	2,006	1,994	1,930	1,893	1,916	1,952	2,031	2,042	0	0	0
Depreciation, amortization and cost of timber harvested
1,314	1,306	1,301	1,309	1,318	1,328	1,329	1,344	1,348	1,343	1,229	1,193	1,160	1,124	1,086	1,101	1,128	1,167	1,326	1,355	1,382	1,406	1,419	1,458	1,499	1,531	1,534	1,520	1,490	1,473	1,432	1,384	1,354	1,332	1,371	1,398	1,425	1,456	1,480	1,496	1,500	1,472	1,462	0	0	0
Distribution expenses
1,578	1,560	1,569	1,571	1,590	1,567	1,539	1,496	1,452	1,434	1,286	1,285	1,265	1,237	1,202	1,183	1,211	1,248	1,442	1,502	1,512	1,521	1,447	1,455	1,527	1,583	1,545	1,546	1,545	1,470	1,535	1,484	1,397	1,390	1,385	1,372	1,341	1,318	1,304	1,264	1,213	1,175	1,233	0	0	0
Taxes other than payroll and income taxes
171	170	169	171	170	171	175	172	171	169	155	155	155	154	154	152	155	158	170	174	178	180	173	176	175	178	177	170	167	159	159	153	147	146	153	178	187	192	193	183	183	188	193	0	0	0
Restructuring and other charges, net
65	57	2	-19	7	29	131	131	89	67	-9	37	53	54	80	59	253	252	235	234	347	846	872	907	596	156	91	65	90	65	106	122	91	102	119	70	224	394	1,399	1,550	1,485	1,353	410	0	0	0
Gain on sale of mineral rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gain on sale of forestlands
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net (gains) losses on sales and impairments of businesses
-556	-205	-153	-267	-115	-122	-122	-9	0	-	0	0	-	-70	-290	-109	-137	-174	186	0	0	-	0	-	-	-	0	-	-	-86	-88	-152	-203	-218	-196	-114	15	23	0	-48	0	-	0	0	-	0
Net (gains) losses on sales of equity method investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) Related to Litigation Settlement
-	-	0	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net bargain purchase gain on acquisition of business
-	-	-	-	-	-	-	-	-	6	6	6	6	0	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-475	-491	-513	-523	-534	-536	-542	-561	-565	-572	-567	-547	-539	-520	-517	-526	-541	-555	-564	-581	-601	-607	-599	-587	-591	-612	-646	-663	-667	-671	-641	-608	-573	-541	-851	-873	-893	-608	-1,335	-1,014	-684	-669	650	0	0	0
Non-operating pension expense (income)
20	36	456	472	500	494	462	486	496	530	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings
1,170	1,604	1,586	1,687	1,843	1,781	1,596	1,500	987	848	770	686	695	795	807	763	1,043	1,132	1,308	1,531	1,417	872	797	648	859	1,228	1,226	1,143	984	967	1,153	1,214	1,303	1,458	1,374	1,540	1,365	822	62	104	506	1,199	1,892	0	0	0
Income Tax Expense (Benefit)
622	634	514	460	462	445	-905	-852	-1,069	-1,085	176	147	225	193	210	209	328	417	380	421	333	123	-472	-581	-509	-498	112	204	167	306	411	197	258	311	207	461	368	221	-150	-108	215	469	908	0	0	0
Equity earnings (loss), net of taxes
105	250	300	365	355	336	321	274	224	177	160	158	183	198	184	128	145	117	-52	-111	-132	-200	-73	15	-62	-39	-21	-3	7	61	75	41	119	140	201	223	178	111	60	38	-1	-26	-54	0	0	0
EARNINGS (LOSS) FROM CONTINUING OPERATIONS
-	-	1,372	1,592	-	1,672	2,822	2,626	2,280	2,110	754	697	653	800	781	682	860	832	876	999	952	549	1,196	1,244	1,306	1,687	1,093	936	824	722	817	1,058	1,164	1,287	1,368	1,302	1,175	712	0	0	0	-	-	-	-	-
Discontinued operations, net of taxes
-	-	0	0	-	345	337	366	385	34	149	120	124	102	80	80	80	85	-9	7	-6	-13	-358	-379	-342	-309	87	106	98	77	35	21	5	49	49	49	49	0	0	0	0	-	-	-	-	0
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net Earnings (Loss)
653	1,220	1,372	1,592	1,713	2,017	3,159	2,992	2,665	2,144	903	817	777	902	861	762	940	917	867	1,006	946	536	838	865	964	1,378	1,180	1,042	922	799	852	1,079	1,169	1,336	1,417	1,351	1,224	712	272	250	290	704	930	0	0	0
Less: Net earnings (loss) attributable to noncontrolling interests
-7	-5	-4	-2	6	5	3	3	1	0	1	-2	-2	-2	-3	-10	-19	-21	-27	-23	-17	-19	-19	-19	-18	-17	-14	-7	-2	5	12	8	13	14	13	18	17	21	22	26	23	18	17	0	0	0
Net Earnings (Loss) Attributable to International Paper Company
660	1,225	1,376	1,594	1,707	2,012	3,156	2,989	2,664	2,144	902	819	779	904	864	772	959	938	894	1,029	963	555	857	884	982	1,395	1,194	1,049	924	794	840	1,071	1,156	1,322	1,404	1,333	1,207	691	250	224	267	686	913	0	0	0
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
-	-	-	-	-	-	-	-	2,279	-	753	699	655	802	784	692	879	853	903	1,022	969	568	1,215	1,263	1,324	1,704	1,107	943	826	717	805	1,050	1,151	1,273	1,355	1,284	1,158	691	0	0	0	-	-	-	-	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	0	0	-	345	337	366	385	34	149	120	124	102	80	80	80	85	-9	7	-6	-13	-358	-379	-342	-309	87	106	98	77	35	21	5	49	49	49	49	0	0	0	0	-	-	-	-	0
Net Earnings (Loss) Attributable to International Paper Company
660	1,225	1,376	1,594	1,707	2,012	3,156	2,989	2,664	2,144	902	819	779	904	864	772	959	938	894	1,029	963	555	857	884	982	1,395	1,194	1,049	924	794	840	1,071	1,156	1,322	1,404	1,333	1,207	691	250	224	267	686	913	0	0	0