International Paper (IP) FY2022 results: revenue $21.2 billion, up 9.3% on the year
International Paper Co. (IP) reported revenue of $21.2 billion for fiscal 2022, the year ended 31 December 2022, up 9.3% on the year before. Net income was $1.5 billion, down 14.2%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$21.2 billion
+9.3% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$1.5 billion
-14.2% on the year
FY2015FY2022
Diluted EPS
$4.10
-8.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,174
2,030
3,063
+7.1%
Capital expenditure
931
480
663
+94.0%
Free cash flow
1,243
1,550
2,400
-19.8%
Free cash flow margin
5.9%
8.0%
13.7%
Cash from investing
-608
6,054
-269
Cash from financing
-2,054
-7,375
-2,700
Depreciation and amortisation
1,040
1,097
1,091
-5.2%
Buybacks
1,284
839
42.0
+53.0%
Dividends paid
673
780
806
-13.7%
Dividend per share
$1.85
$2.00
$2.05
-7.5%
Diluted shares, weighted
367m
392m
396m
-6.5%
Shares outstanding at period end
449m
449m
449m
0.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
8,497
9,082
7,854
-6.4%
Non-controlling interest
n/a
0.0
14.0
Debt
5,579
5,579
8,068
0.0%
Operating lease liabilities
283
236
256
+19.9%
Finance lease liabilities
49.0
56.0
82.0
-12.5%
Other liabilities
9,532
10,290
15,444
-7.4%
Total liabilities and equity
23,940
25,243
31,718
-5.2%
Fixed assets
10,431
10,441
10,945
-0.1%
Goodwill
3,041
3,130
3,115
-2.8%
Intangible assets
220
268
301
-17.9%
Cash and equivalents
804
1,295
595
-37.9%
Inventory
1,942
1,814
1,626
+7.1%
Other assets
7,502
8,295
15,136
-9.6%
Total assets
23,940
25,243
31,718
-5.2%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.