International Paper Company (IP) quarterly cash flow statement — complete operating, investing & financing history
International Paper Company (IP) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 339M | 526M | 611M | 905M | 605M | 476M | -288M | 397M | 521M | 365M | 395M | 492M | 468M | 528M | 345M | 761M | 435M | 390M | 588M | 107M |
| Operating CF Margin % | 5.47% | 8.76% | 10.23% | 15.07% | 9.72% | 7.03% | -4.88% | 8.67% | 11.12% | 7.71% | 8.55% | 10.69% | 10.15% | 11.28% | 6.87% | 14.83% | 8.05% | 7.24% | 11.23% | 4.01% |
| Operating CF Growth % | -43.97% | 10.5% | 312.15% | 127.96% | 16.12% | 30.41% | -172.91% | -19.31% | 11.32% | -30.87% | 14.49% | -35.35% | 7.59% | 35.38% | -41.33% | 611.21% | -32.56% | -49.09% | 14.84% | -86.44% |
| Net Income | -1.13B | -28M | 60M | -3.06B | -426M | 75M | -105M | -147M | 150M | 498M | 56M | -284M | 165M | 235M | 172M | -318M | 951M | 511M | 360M | 107M |
| Depreciation & Amortization | 526M | 488M | 489M | 698M | 1.1B | 480M | 571M | 499M | 267M | 261M | 278M | 696M | 258M | 244M | 241M | 251M | 261M | 267M | 261M | 277M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35M | 25M | 26M | 9M | 25M | 7M | 0 | 34M | 26M | 26M | 6M | 66M | 27M |
| Deferred Taxes | -59M | 0 | 7M | -212M | -643M | 74M | -74M | 133M | -179M | -416M | -11M | -109M | -34M | -11M | -2M | 43M | -811M | -35M | 30M | -140M |
| Other Non-Cash Items | 1.25B | 144M | 91M | 3.45B | 759M | -92M | -58M | 173M | 54M | 16M | 31M | 94M | 56M | 16M | 32M | 500M | 13M | -111M | 22M | 224M |
| Working Capital Changes | -251M | -78M | -36M | 33M | -184M | -61M | -622M | -226M | 204M | -20M | 32M | 70M | 16M | 44M | -132M | 259M | -5M | -248M | -151M | -388M |
| Change in Receivables | -34M | -145M | -197M | 319M | 36M | -39M | -225M | 175M | 164M | -173M | 9M | 95M | 41M | 100M | 103M | 235M | -18M | -130M | -146M | -86M |
| Change in Inventory | -145M | -29M | 58M | 211M | -81M | 6M | 22M | -37M | -63M | 36M | 76M | 11M | -25M | 35M | 52M | 55M | -84M | -164M | 31M | -130M |
| Change in Payables | -21M | 236M | -272M | -568M | -111M | 22M | -370M | -373M | 143M | 134M | -44M | -70M | -52M | -77M | -203M | -108M | 19M | 110M | 89M | -197M |
| Cash from Investing | -558M | -2.07B | 565M | -546M | -440M | -275M | 237M | -174M | -188M | -199M | -247M | -310M | 245M | -264M | -339M | -315M | -76M | -37M | -180M | -130M |
| Capital Expenditures | -606M | -533M | -517M | -650M | -455M | -422M | -330M | -260M | -212M | -198M | -251M | -305M | -228M | -267M | -341M | -322M | -238M | -186M | -185M | -201M |
| CapEx % of Revenue | 9.78% | 8.88% | 8.66% | 10.82% | 7.31% | 6.24% | 5.59% | 5.68% | 4.52% | 4.18% | 5.43% | 6.63% | 4.94% | 5.7% | 6.79% | 6.27% | 4.41% | 3.45% | 3.53% | 7.53% |
| Acquisitions | -40M | -1.53B | 1.06B | 3M | -5M | 4M | 415M | 0 | 1M | 3M | 1M | 0 | 0 | 1M | 2M | -311M | 311M | 6M | 5M | 6M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 88M | -2M | 23M | 101M | 20M | 143M | 152M | 86M | 23M | -4M | 3M | -5M | 473M | 2M | -41M | -58M | -316M | 143M | 0 | 0 |
| Cash from Financing | 314M | -193M | -1.02B | -153M | -302M | -274M | 21M | -187M | -223M | -174M | -191M | -222M | -306M | -230M | -108M | -159M | -669M | -643M | -583M | -2.3B |
| Debt Issued (Net) | 461M | 58M | -660M | -75M | 29M | -33M | 233M | -6M | -25M | -5M | -3M | -80M | -153M | -21M | 257M | 196M | -191M | -96M | 85M | -1.61B |
| Equity Issued (Net) | 0 | -1M | -30M | -1M | -1M | -1M | -62M | -1M | 0 | 0 | -22M | 0 | 0 | -41M | -177M | -191M | -270M | -395M | -428M | -414M |
| Dividends Paid | -245M | -245M | -245M | -244M | -245M | -244M | -244M | -161M | -161M | -160M | -161M | -160M | -160M | -160M | -162M | -164M | -165M | -170M | -174M | -308M |
| Share Repurchases | 0 | -1M | -30M | -1M | -1M | -1M | -62M | -1M | 0 | 0 | -22M | 0 | 0 | -41M | -177M | -191M | -270M | -395M | -428M | -414M |
| Other Financing | 98M | -5M | -84M | 167M | -85M | 4M | 94M | -19M | -37M | -9M | -5M | 18M | 7M | -8M | -26M | 0 | -43M | 18M | -66M | 32M |
| Net Change in Cash | 89M | -446M | 146M | 156M | -130M | -21M | -14M | 11M | 110M | -21M | -43M | -36M | 403M | 38M | -96M | 293M | -315M | -293M | -176M | -2.33B |
| Free Cash Flow | -267M | -7M | 94M | 255M | 150M | 54M | -618M | 137M | 309M | 167M | 144M | 187M | 240M | 261M | 4M | 439M | 197M | 204M | 403M | -94M |
| FCF Margin % | -4.31% | -0.12% | 1.57% | 4.25% | 2.41% | 0.8% | -10.47% | 2.99% | 6.59% | 3.53% | 3.12% | 4.06% | 5.2% | 5.57% | 0.08% | 8.55% | 3.65% | 3.79% | 7.7% | -3.52% |
| FCF Growth % | -278% | -112.96% | 115.21% | 86.13% | -51.46% | -67.66% | -529.17% | -26.74% | 28.75% | -36.02% | 3500% | -57.4% | 21.83% | 27.94% | -99.01% | 567.02% | -62.04% | -67.77% | -4.73% | -113.53% |
| FCF per Share | -0.50 | -0.01 | 0.18 | 0.48 | 0.28 | 0.10 | -1.41 | 0.39 | 0.87 | 0.47 | 0.41 | 0.54 | 0.69 | 0.75 | 0.01 | 1.24 | 0.55 | 0.55 | 1.06 | -0.24 |
| FCF Conversion (FCF/Net Income) | -0.30x | -43.83x | 10.18x | -0.38x | -0.55x | 6.35x | 2.74x | -2.70x | 3.47x | 0.73x | 7.05x | -1.73x | 2.44x | 2.38x | 2.01x | -2.39x | 0.46x | 0.76x | 1.63x | 1.00x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |