International Paper (IP) FY2024 results: revenue $15.8 billion, down 1.2% on the year
International Paper Co. (IP) reported revenue of $15.8 billion for fiscal 2024, the year ended 31 December 2024, down 1.2% on the year before. Net income was $557 million, up 93.4%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$15.8 billion
-1.2% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$557 million
+93.4% on the year
FY2017FY2024
Diluted EPS
$1.57
+91.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,678
1,833
2,174
-8.5%
Capital expenditure
921
1,141
931
-19.3%
Free cash flow
757
692
1,243
+9.4%
Free cash flow margin
4.8%
4.3%
5.9%
Cash from investing
-808
-668
-608
Cash from financing
-775
-866
-2,054
Depreciation and amortisation
851
1,146
1,040
-25.7%
Buybacks
23.0
218
1,284
-89.4%
Dividends paid
643
642
673
+0.2%
Dividend per share
$1.85
$1.85
$1.85
0.0%
Diluted shares, weighted
354m
349m
367m
+1.5%
Shares outstanding at period end
449m
449m
449m
0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,173
8,355
8,497
-2.2%
Debt
5,561
5,593
5,579
-0.6%
Operating lease liabilities
269
312
283
-13.8%
Finance lease liabilities
31.0
44.0
49.0
-29.5%
Other liabilities
8,766
8,957
9,532
-2.1%
Total liabilities and equity
22,800
23,261
23,940
-2.0%
Fixed assets
7,916
10,150
10,431
-22.0%
Goodwill
3,038
3,041
3,041
-0.1%
Intangible assets
72.0
183
220
-60.7%
Cash and equivalents
1,062
1,113
804
-4.6%
Inventory
1,486
1,889
1,942
-21.3%
Other assets
9,226
6,885
7,502
+34.0%
Total assets
22,800
23,261
23,940
-2.0%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.