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$35.13-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statement of Cash Flows
| In millions for the years ended December 31 | 2024 | 2023 | 2022 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net earnings (loss) | $557 | $288 | $1,504 |
| Depreciation and amortization | 1,305 | 1,432 | 1,040 |
| Deferred income tax provision (benefit), net | (473) | (156) | (773) |
| Restructuring and other charges, net | 221 | 99 | 89 |
| Periodic pension (income) expense, net | 1 | 94 | (116) |
| Net (gains) losses on mark to market investments | — | — | (65) |
| Net (gains) losses on sales and impairments of businesses | — | — | 76 |
| Net (gains) losses on sales and impairments of equity method investments | — | 153 | 543 |
| Net (gains) losses on sales of fixed assets | (58) | — | — |
| Equity method dividends received | — | 13 | 204 |
| Equity (earnings) losses, net | 5 | (108) | (291) |
| Other, net | 130 | 20 | 108 |
| Changes in operating assets and liabilities | |||
| Accounts and notes receivable | 59 | 255 | (59) |
| Contract assets | 36 | 48 | (103) |
| Inventories | 12 | 73 | (162) |
| Accounts payable and other liabilities | (140) | (402) | 110 |
| Interest payable | 16 | (19) | 41 |
| Other | 7 | 43 | 28 |
| CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES | 1,678 | 1,833 | 2,174 |
| INVESTMENT ACTIVITIES | |||
| Invested in capital projects | (921) | (1,141) | (931) |
| Proceeds from sales of equity method investments, net of transaction costs | — | 472 | — |
| Proceeds from exchange of equity securities | — | — | 311 |
| Proceeds from insurance recoveries | 25 | — | — |
| Proceeds from sale of fixed assets | 91 | 4 | 13 |
| Other | (3) | (3) | (1) |
| CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES | (808) | (668) | (608) |
| FINANCING ACTIVITIES | |||
| Repurchases of common stock and payments of restricted stock tax withholding | (23) | (218) | (1,284) |
| Issuance of debt | 102 | 783 | 1,011 |
| Reduction of debt | (141) | (780) | (1,017) |
| Change in book overdrafts | (69) | (8) | 1 |
| Dividends paid | (643) | (642) | (673) |
| Net debt tender premiums paid | — | — | (89) |
| Other | (1) | (1) | (3) |
| CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES | (775) | (866) | (2,054) |
| Effect of Exchange Rate Changes on Cash | (38) | 10 | (3) |
| Change in Cash and Temporary Investments | 57 | 309 | (491) |
| Cash and Temporary Investments | |||
| Beginning of the period | 1,113 | 804 | 1,295 |
| End of the period | $1,170 | $1,113 | $804 |
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