International Paper (IP) FY2021 results: revenue $19.4 billion, up 10.2% on the year
International Paper Co. (IP) reported revenue of $19.4 billion for fiscal 2021, the year ended 31 December 2021, up 10.2% on the year before. Net income was $1.8 billion, up 263.5%, and diluted earnings per share $4.47. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$19.4 billion
+10.2% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$1.8 billion
+263.5% on the year
FY2014FY2021
Diluted EPS
$4.47
+266.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,030
3,063
3,610
-33.7%
Capital expenditure
480
663
1,137
-27.6%
Free cash flow
1,550
2,400
2,473
-35.4%
Free cash flow margin
8.0%
13.7%
13.5%
Cash from investing
6,054
-269
-1,300
Cash from financing
-7,375
-2,700
-2,389
Depreciation and amortisation
1,097
1,091
1,072
+0.5%
Buybacks
839
42.0
535
+1,897.6%
Dividends paid
780
806
796
-3.2%
Dividend per share
$2.00
$2.05
$2.01
-2.4%
Diluted shares, weighted
392m
396m
399m
-0.8%
Shares outstanding at period end
449m
449m
449m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
9,082
7,854
7,713
+15.6%
Non-controlling interest
0.0
14.0
5.0
Debt
5,579
8,068
9,699
-30.9%
Operating lease liabilities
236
256
304
-7.8%
Finance lease liabilities
56.0
82.0
88.0
-31.7%
Other liabilities
10,290
15,444
15,662
-33.4%
Total liabilities and equity
25,243
31,718
33,471
-20.4%
Fixed assets
10,441
10,945
13,004
-4.6%
Goodwill
3,130
3,115
3,114
+0.5%
Intangible assets
268
301
368
-11.0%
Investments
n/a
n/a
1,721
Cash and equivalents
1,295
595
511
+117.6%
Inventory
1,814
1,626
2,208
+11.6%
Other assets
8,295
15,136
12,545
-45.2%
Total assets
25,243
31,718
33,471
-20.4%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.