INTERNATIONAL PAPER CO /NEW/

IP 10-Q · Q2 2025

IP Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 6,767 4,734 +42.9%
Show Business Segments breakouts
Corporate And Other · Corporate Non Segment 49 88 -44.3%
Global Cellulose Fibers · EMEA 21 17 +23.5%
Global Cellulose Fibers · Operating Segments 624 715 -12.7%
Global Cellulose Fibers · Operating Segments 628 717 -12.4%
Global Cellulose Fibers · US 607 669 -9.3%
Packaging Solutions EMEA · EMEA 2,291 328 +598.5%
Packaging Solutions EMEA · Operating Segments 2,291 328 +598.5%
Packaging Solutions EMEA · Operating Segments 2,291 328 +598.5%
Packaging Solutions North America · Americas, other than U.S. 187 185 +1.1%
Packaging Solutions North America · Operating Segments 3,803 3,603 +5.6%
Packaging Solutions North America · Operating Segments 3,860 3,628 +6.4%
Packaging Solutions North America · Pacific Rim and Asia 9 19 -52.6%
Packaging Solutions North America · US 3,664 3,424 +7.0%
Show Geography breakouts
Americas, other than U.S. 187 185 +1.1%
EMEA 2,312 345 +570.1%
Pacific Rim and Asia 9 50 -82.0%
US 4,259 4,154 +2.5%
US · Consolidation Eliminations -12 61 -119.7%
Show Consolidation Items breakouts
Consolidation Eliminations -12 61 -119.7%
Intersegment Elimination -12 61 -119.7%
Operating Segments 6,779 4,673 +45.1%
Cost of Revenue 4,876 3,360 +45.1%
Show Business Segments breakouts
Global Cellulose Fibers · Operating Segments 457 483 -5.4%
Packaging Solutions EMEA · Operating Segments 1,699 252 +574.2%
Packaging Solutions North America · Operating Segments 2,695 2,538 +6.2%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Commodity Contract 9
Selling, General & Administrative 578 453 +27.6%
Show Business Segments breakouts
Global Cellulose Fibers · Operating Segments 56 61 -8.2%
Packaging Solutions EMEA · Operating Segments 154 25 +516.0%
Packaging Solutions North America · Operating Segments 340 316 +7.6%
Operating Income (Q)
Show Business Segments breakouts
Global Cellulose Fibers · Operating Segments -4 31 -112.9%
Packaging Solutions EMEA · Operating Segments -1 10 -110.0%
Packaging Solutions North America · Operating Segments 277 281 -1.4%
Show Consolidation Items breakouts
Operating Segments 272 322 -15.5%
Interest Income 36 52 -30.8%
Income Before Taxes (Q)
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -22 -23 +4.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -10
Income Tax Expense (Benefit) 40 -293 +113.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -6 -6 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -2
Net Income 75 498 -84.9%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -16 -17 +5.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -8
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -24 -17 -41.2%
Comprehensive Income 744 476 +56.3%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 669 -22 +3140.9%
Retained Earnings 75 498 -84.9%
Other Comprehensive Income 669 -22 +3140.9%
EPS (Basic) 0.14 1.43 -90.2%
EPS (Diluted) 0.14 1.41 -90.1%
Wtd Avg Shares (Basic) 527.9 347.3 +52.0%
Wtd Avg Shares (Diluted) 532.6 352.8 +51.0%
Interest Expense Operating 107 55 +94.5%
Other Noninterest Expense 19 23 -17.4%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 116 206 -43.7%
Income Loss From Equity Method Investments -1 -1 0.0%
Interest Income Expense Net 107 55 +94.5%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Interest Rate Contract 1
Interest Expense 143 107 +33.6%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 1,135
Inventory 2,658
Total Current Assets 9,499
Non-Current Assets
Property, Plant & Equipment 16,876
Operating Lease Right-of-Use Assets 712
Goodwill 7,531
Show Business Segments breakouts
Packaging Solutions EMEA 4,118
Packaging Solutions North America 3,413
Intangible Assets 4,385
Other Non-Current Assets 794
Total Assets 42,376
Show Business Segments breakouts
Corporate And Other · Corporate Non Segment 4,099
Global Cellulose Fibers · Operating Segments 2,800
Packaging Solutions EMEA · Operating Segments 18,789
Packaging Solutions North America · Operating Segments 16,688
Current Liabilities
Accounts Payable 4,336
Deferred Revenue (Current) 23 17 +35.3%
Total Current Liabilities 7,121
Debt Current 225
Non-Current Liabilities
Long-Term Debt (Q)
Show Debt Instrument breakouts
0.875% Notes - due 2026 600
2.875% Notes - due 2029 250
4.375% Notes - due 2027 850
4.500% Notes - due 2030 650
Operating Lease Liabilities 475
Deferred Tax Liabilities 2,589
Other Non-Current Liabilities 1,322
Show Consolidated Entities breakouts
2007 Financing Entities 2.1
Stockholders' Equity
Common Stock 627
Retained Earnings 8,865
Accumulated Other Comprehensive Income -672
Total Stockholders' Equity 18,617 8,595 +116.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -1,272 -1,242 -2.4%
Accumulated Gain Loss Net Cash Flow Hedge Parent -53 -8 -562.5%
Accumulated Other Comprehensive Income -672 -1,580 +57.5%
Accumulated Translation Adjustment 653 -330 +297.9%
Additional Paid In Capital 14,374 4,688 +206.6%
Common Stock 627 449 +39.6%
Retained Earnings 8,865 9,719 -8.8%
Treasury Stock Common 4,577 4,681 -2.2%
Total Liabilities & Equity 42,376

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 1,051 539 +95.0%
Show Business Segments breakouts
Global Cellulose Fibers · Operating Segments 100 113 -11.5%
Packaging Solutions EMEA · Operating Segments 302 32 +843.8%
Packaging Solutions North America · Operating Segments 649 389 +66.8%
Deferred Income Taxes -95 -427 +77.8%
Other Non-Cash Items -75 80 -193.8%
Change in Inventory 28 112 -75.0%
Net Cash from Operations 188 760 -75.3%
Investing Activities
Other Investing Activities 36 -1 +3700.0%
Net Cash from Investing -38 -446 +91.5%
Financing Activities
Share Repurchases -63 -22 -186.4%
Net Cash from Financing -253 -365 +30.7%
Supplemental
Income Taxes Paid 142 153 -7.2%
Other Cash Flow
Net Change in Cash -35 -64 +45.3%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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