International Paper (IP) FY2023 results: revenue $16.0 billion, down 24.2% on the year
International Paper Co. (IP) reported revenue of $16.0 billion for fiscal 2023, the year ended 31 December 2023, down 24.2% on the year before. Net income was $288 million, down 80.9%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$16.0 billion
-24.2% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$288 million
-80.9% on the year
FY2016FY2023
Diluted EPS
$0.82
-80.0% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,833
2,174
2,030
-15.7%
Capital expenditure
1,141
931
480
+22.6%
Free cash flow
692
1,243
1,550
-44.3%
Free cash flow margin
4.3%
5.9%
8.0%
Cash from investing
-668
-608
6,054
Cash from financing
-866
-2,054
-7,375
Depreciation and amortisation
1,146
1,040
1,097
+10.2%
Buybacks
218
1,284
839
-83.0%
Dividends paid
642
673
780
-4.6%
Dividend per share
$1.85
$1.85
$2.00
0.0%
Diluted shares, weighted
349m
367m
392m
-4.9%
Shares outstanding at period end
449m
449m
449m
0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
8,355
8,497
9,082
-1.7%
Non-controlling interest
n/a
n/a
0.0
Debt
5,593
5,579
5,579
+0.3%
Operating lease liabilities
312
283
236
+10.2%
Finance lease liabilities
44.0
49.0
56.0
-10.2%
Other liabilities
8,957
9,532
10,290
-6.0%
Total liabilities and equity
23,261
23,940
25,243
-2.8%
Fixed assets
10,150
10,431
10,441
-2.7%
Goodwill
3,041
3,041
3,130
0.0%
Intangible assets
183
220
268
-16.8%
Cash and equivalents
1,113
804
1,295
+38.4%
Inventory
1,889
1,942
1,814
-2.7%
Other assets
6,885
7,502
8,295
-8.2%
Total assets
23,261
23,940
25,243
-2.8%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.