International Paper Co.
Income Statement
| Line Item | Jul 2024 | Jun 2024 | Apr 2024 | Mar 2024 | Feb 2024 | Dec 2023 | Oct 2023 | Sep 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $4.02B | — | $3.92B | — | — | — | $4.61B |
| Cost of Revenue | — | $3.36B | — | $3.42B | — | — | — | $3.35B |
| Gross Profit | — | $659.0M | — | $491.0M | — | — | — | $1.27B |
| Gross Margin | — | 16.4% | — | 12.5% | — | — | — | 27.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $453.0M | — | $358.0M | — | — | — | $286.0M |
| Operating Income | — | $322.0M | — | $169.0M | — | — | — | $352.0M |
| Operating Margin | — | 8.0% | — | 4.3% | — | — | — | 7.6% |
| Interest Expense | — | $107.0M | — | $109.0M | — | — | — | $105.0M |
| Pretax Income | — | $146.0M | — | $105.0M | — | — | — | $232.0M |
| Income Tax Expense | — | $-293.0M | — | $27.0M | — | — | — | $39.0M |
| Net Income | — | $498.0M | — | $56.0M | — | — | — | $165.0M |
| Net Margin | — | 12.4% | — | 1.4% | — | — | — | 3.6% |
| EPS (Basic) | — | $1.43 | — | $0.16 | — | — | — | $0.47 |
| EPS (Diluted) | — | $1.41 | — | $0.16 | — | — | — | $0.47 |
| Shares Outstanding (Basic) | 347.4M | 347.3M | 347.3M | 346.7M | 346.4M | 448.9M | 346.0M | 346.0M |
| Shares Outstanding (Diluted) | 347.4M | 352.8M | 347.3M | 348.5M | 346.4M | 448.9M | 346.0M | 348.1M |
| Dividends Per Share | — | $0.46 | — | $0.46 | — | — | — | $0.46 |
When you combine ignorance and leverage, you get some pretty interesting results.