International Paper Files Q3 2024 10-Q

TL;DR

IP's Q3 2024 10-Q is in. Check financials.

AI Summary

International Paper Co. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter of 2024, detailing financial performance and operational updates for the company. Specific financial figures and segment performance are included within the report.

Why It Matters

This filing provides investors and analysts with the latest financial results and operational details for International Paper, crucial for understanding the company's current performance and future outlook.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial information, not indicating any immediate or unusual risks.

Key Players & Entities

• INTERNATIONAL PAPER CO /NEW/ (company) — Filer
• 20240930 (date) — Period of Report
• 20241101 (date) — Filed as of Date
• 6400 POPLAR AVENUE (address) — Business Address
• MEMPHIS (city) — Business Address City
• TN (state) — Business Address State
• 38197 (zip_code) — Business Address Zip
• 901-419-7000 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $1.00 — he registrant's common stock, par value $1.00 per share, as of October 25, 2024 was 3

Filing Documents

• ip-20240930.htm (10-Q) — 1536KB
• ip-20240930exhibit101.htm (EX-10.1) — 10KB
• ip-20240930exhibit102.htm (EX-10.2) — 103KB
• ip-9302024xex311certificat.htm (EX-31.1) — 10KB
• ip-9302024xex312certificat.htm (EX-31.2) — 10KB
• ip-9302024xex32certificati.htm (EX-32) — 6KB
• ip-20240930exhibit992.htm (EX-99.2) — 11KB
• image_0.jpg (GRAPHIC) — 21KB
• image_0a.jpg (GRAPHIC) — 18KB
• image_0b.jpg (GRAPHIC) — 72KB
• ip-20240930_g1.jpg (GRAPHIC) — 308KB
• ip-20240930_g2.jpg (GRAPHIC) — 312KB
• 0000051434-24-000067.txt ( ) — 10197KB
• ip-20240930.xsd (EX-101.SCH) — 49KB
• ip-20240930_cal.xml (EX-101.CAL) — 72KB
• ip-20240930_def.xml (EX-101.DEF) — 348KB
• ip-20240930_lab.xml (EX-101.LAB) — 532KB
• ip-20240930_pre.xml (EX-101.PRE) — 426KB
• ip-20240930_htm.xml (XML) — 1636KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements Condensed Consolidated Statement of Operations - Nine Months Ended September 30, 2024 and 2023 1 Condensed Consolidated Statement of Comprehensive Income - Nine Months Ended September 30, 2024 and 2023 2 Condensed Consolidated Balance Sheet - September 30, 2024 and December 31, 2023 3 Condensed Consolidated Statement of Cash Flows - Nine Months Ended September 30, 2024 and 2023 4 Condensed Notes to Consolidated Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 38 Item 4.

Controls and Procedures

Controls and Procedures 38

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 39 Item 1A.

Risk Factors

Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40 Item 3. Defaults Upon Senior Securities 40 Item 4. Mine Safety Disclosures 40 Item 5. Other Information 40 Item 6. Exhibits 42

Signatures

Signatures 43 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS INTERNATIONAL PAPER COMPANY Condensed Consolidated Statement of Operations (Unaudited) (In millions, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net Sales $ 4,686 $ 4,613 $ 14,039 $ 14,315 Costs and Expenses Cost of products sold 3,342 3,345 10,126 10,347 Selling and administrative expenses 508 286 1,319 1,003 Depreciation and amortization 267 258 806 743 Distribution expenses 357 382 1,127 1,180 Taxes other than payroll and income taxes 37 39 113 115 Restructuring and other charges, net 56 — 59 — Net (gains) losses on sales of fixed assets — — — — Interest expense, net 51 58 152 179 Non-operating pension expense (income) ( 12 ) 13 ( 34 ) 40 Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings (Loss) 80 232 371 708 Income tax provision (benefit) ( 71 ) 39 ( 337 ) 120 Equity earnings (loss), net of taxes ( 1 ) ( 1 ) ( 4 ) ( 2 ) Earnings (Loss) From Continuing Operations 150 192 704 586 Discontinued operations, net of taxes — ( 27 ) — ( 14 ) Net Earnings (Loss) $ 150 $ 165 $ 704 $ 572 Basic Earnings (Loss) Per Share Earnings (loss) from continuing operations $ 0.43 $ 0.55 $ 2.02 $ 1.69 Discontinued operations, net of taxes — ( 0.08 ) — ( 0.04 ) Net earnings (loss) $ 0.43 $ 0.47 $ 2.02 $ 1.65 Diluted Earnings (Loss) Per Share Earnings (loss) from continuing operations $ 0.42 $ 0.55 $ 1.99 $ 1.68 Discontinued operations, net of taxes — ( 0.08 ) — ( 0.04 ) Net earnings (loss) $ 0.42 $ 0.47 $ 1.99 $ 1.64 Average Shares of Common Stock Outstanding – assuming dilution 353.4 348.1 353.6 349.0 The accompanying notes are an integral part of these condensed financial statements. 1 Table of Contents INTERNATIONAL PAPER COMPANY Condensed Consolidated Statement of Comprehensive Income (Unaudited) (In millions) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net Earnings (L

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View this 10-Q filing on SEC EDGAR