INTERNATIONAL PAPER CO NEW
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
IP$35.53+2.9%Stored close · as of Nov 9, 2026
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Consolidated Statement of Operations
| In millions, except per share amounts, for the years ended December 31 | 2024 | 2023 | 2022 |
|---|---|---|---|
| NET SALES | $18,619 | $18,916 | $21,161 |
| COSTS AND EXPENSES | |||
| Cost of products sold | 13,376 | 13,629 | 15,143 |
| Selling and administrative expenses | 1,840 | 1,360 | 1,293 |
| Depreciation and amortization | 1,305 | 1,432 | 1,040 |
| Distribution expenses | 1,475 | 1,575 | 1,783 |
| Taxes other than payroll and income taxes | 147 | 154 | 148 |
| Restructuring and other charges, net | 221 | 99 | 89 |
| Net (gains) losses on sales and impairments of businesses | — | — | 76 |
| Net (gains) losses on sales of equity method investments | — | — | 10 |
| Net (gains) losses on sales of fixed assets | (58) | — | — |
| Net (gains) losses on mark to market investments | — | — | (65) |
| Interest expense, net | 208 | 231 | 325 |
| Non-operating pension (income) expense | (42) | 54 | (192) |
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY EARNINGS (LOSSES) | 147 | 382 | 1,511 |
| Income tax provision (benefit) | (415) | 59 | (236) |
| Equity earnings (loss), net of taxes | (5) | (21) | (6) |
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS | 557 | 302 | 1,741 |
| Discontinued operations, net of taxes | — | (14) | (237) |
| NET EARNINGS (LOSS) | 557 | 288 | 1,504 |
| BASIC EARNINGS (LOSS) PER SHARE | |||
| Earnings (loss) from continuing operations | $1.60 | $0.87 | $4.79 |
| Discontinued operations, net of taxes | — | (0.04) | (0.65) |
| Net earnings (loss) | $1.60 | $0.83 | $4.14 |
| DILUTED EARNINGS (LOSS) PER SHARE | |||
| Earnings (loss) from continuing operations | $1.57 | $0.86 | $4.74 |
| Discontinued operations, net of taxes | — | (0.04) | (0.64) |
| Net earnings (loss) | $1.57 | $0.82 | $4.10 |
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