Sylvamo Corp
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
SLVM$39.38+19.1%Stored close · as of Nov 6, 2026
Contents
PART I
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS
| In millions, except per share amounts, for the years ended December 31 | 2023 | 2022 | 2021 |
|---|---|---|---|
| NET SALES | $3,721 | $3,628 | $2,828 |
| COSTS AND EXPENSES | |||
| Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) | 2,809 | 2,619 | 2,143 |
| Selling and administrative expenses | 343 | 325 | 207 |
| Depreciation, amortization and cost of timber harvested | 143 | 125 | 126 |
| Taxes other than payroll and income taxes | 23 | 23 | 25 |
| Interest expense (income), net | 34 | 69 | (1) |
| INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 369 | 467 | 328 |
| Income tax provision | 116 | 131 | 101 |
| NET INCOME FROM CONTINUING OPERATIONS | 253 | 336 | 227 |
| Discontinued Operations, net of taxes | — | (218) | 104 |
| NET INCOME | $253 | $118 | $331 |
| BASIC EARNINGS PER SHARE | |||
| Earnings from continuing operations | $6.02 | $7.65 | $5.16 |
| Discontinued operations, net of taxes | — | (4.97) | 2.37 |
| Net earnings | $6.02 | $2.68 | $7.53 |
| DILUTED EARNINGS PER SHARE | |||
| Earnings from continuing operations | $5.93 | $7.57 | $5.16 |
| Discontinued operations, net of taxes | — | (4.91) | 2.37 |
| Net earnings | $5.93 | $2.66 | $7.53 |
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