International Paper Co.
Income Statement
| Line Item | Jul 2023 | Jun 2023 | Apr 2023 | Mar 2023 | Dec 2022 | Oct 2022 | Sep 2022 | Jul 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $4.68B | — | $5.02B | $5.13B | — | $5.40B | — |
| Cost of Revenue | — | $3.36B | — | $3.64B | — | — | $3.83B | — |
| Gross Profit | — | $1.32B | — | $1.38B | — | — | $1.57B | — |
| Gross Margin | — | 28.2% | — | 27.5% | — | — | 29.1% | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $336.0M | — | $381.0M | — | — | $337.0M | — |
| Operating Income | — | $334.0M | — | $306.0M | $322.0M | — | $464.0M | — |
| Operating Margin | — | 7.1% | — | 6.1% | 6.3% | — | 8.6% | — |
| Interest Expense | — | $103.0M | — | $103.0M | — | — | $150.0M | — |
| Pretax Income | — | $255.0M | — | $221.0M | $322.0M | — | $313.0M | — |
| Income Tax Expense | — | $33.0M | — | $48.0M | — | — | $-575.0M | — |
| Net Income | — | $235.0M | — | $172.0M | $-318.0M | — | $951.0M | — |
| Net Margin | — | 5.0% | — | 3.4% | -6.2% | — | 17.6% | — |
| EPS (Basic) | — | $0.68 | — | $0.49 | $-0.90 | — | $2.66 | — |
| EPS (Diluted) | — | $0.68 | — | $0.49 | $-0.90 | — | $2.64 | — |
| Shares Outstanding (Basic) | 346.0M | 346.2M | 347.1M | 349.3M | 448.9M | 355.7M | 357.8M | 362.0M |
| Shares Outstanding (Diluted) | 346.0M | 346.5M | 347.1M | 353.3M | 448.9M | 355.7M | 360.4M | 362.0M |
| Dividends Per Share | — | $0.46 | — | $0.46 | $0.46 | — | $0.46 | — |
When you combine ignorance and leverage, you get some pretty interesting results.