INTERNATIONAL PAPER COMPANY
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-3.52B | $557.0M | $288.0M | $1.50B | $1.75B | $482.0M | $1.23B | $2.01B |
| Depreciation & Amortization | $2.75B | $851.0M | $1.15B | $1.04B | $1.10B | $1.09B | $1.07B | $1.33B |
| Depreciation | $2.50B | $831.0M | $1.10B | $996.0M | $1.10B | $1.10B | $1.00B | $1.20B |
| Amortization | $259.0M | $25.0M | $25.0M | $44.0M | $44.0M | $45.0M | $45.0M | $59.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.70B | $1.68B | $1.83B | $2.17B | $2.03B | $3.06B | $3.61B | $3.23B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.86B | $921.0M | $1.14B | $931.0M | $549.0M | $663.0M | $1.14B | $1.57B |
| Business Acquisitions | — | — | $0 | $0 | $80.0M | $65.0M | $103.0M | $8.0M |
| Net Cash from Investing Activities | $-1.02B | $-808.0M | $-668.0M | $-608.0M | $6.05B | $-269.0M | $-1.30B | $-1.57B |
| Financing Activities | ||||||||
| Dividends Paid | $977.0M | $643.0M | $642.0M | $673.0M | $780.0M | $806.0M | $796.0M | $789.0M |
| Stock Repurchases | $65.0M | $23.0M | $218.0M | $1.28B | $839.0M | $42.0M | $535.0M | $732.0M |
| Net Cash from Financing Activities | $-708.0M | $-775.0M | $-866.0M | $-2.05B | $-7.38B | $-2.70B | $-2.39B | $-2.05B |
| Net Change in Cash | $-9.0M | $57.0M | $309.0M | $-491.0M | $700.0M | $84.0M | $-78.0M | $-429.0M |
| Free Cash Flow | $-159.0M | $757.0M | $692.0M | $1.24B | $1.48B | $2.40B | $2.47B | $1.65B |