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International Paper Cash Flow Statement

Operating, investing, and financing cash movements

International Paper generated $2.6B in operating cash flow over the trailing twelve months. After $2.0B in capital expenditures, free cash flow was -$78.0M. Free cash flow decreased 1.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.6BNet Cash From Investing (TTM)-$696.0MNet Cash From Financing (TTM)-$1.7BCapital Expenditures (TTM)$2.0BDepreciation And Amortization Cf (TTM)$2.8BNet Change In Cash (TTM)-$154.0M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$18.5B
ROE-20.37%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$0$415M$4M——$0
Capital expenditures$260M$330M$422M$455M$650M$517M
Payment for (Proceeds from) Other Investing Activity$0-$41M———$6M
Divestiture of businesses, net of cash transferred$0$0$138M$0$3M$1.1B
Proceeds from disposals of property, plant and equipment$86M$83M$10M$15M$110M$21M
Net cash from investing activities-$174M$237M-$275M-$440M-$546M$565M
Other investing activities$0-$41M———$6M
Proceeds from sale of businesses$0$0$138M$0$3M$1.1B
Proceeds from sale of property, plant and equipment$86M$83M$10M$15M$110M$21M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$373M$97M-$445M-$111M-$568M$158M
Change in inventories—-$22M-$6M$81M-$211M-$58M
Change in other current assets—$72M———-$217M
Change in other liabilities—-$444M———-$272M
Other working capital changes-$17M$72M$76M——-$52M
Change in receivables-$138M$178M$33M-$45M-$257M$158M
Deferred income taxes-$46M-$74M-$21M-$643M-$117M$7M
Impairment charges$0$0$0$0$0—
Net cash from operating activities$397M-$288M$476M$605M$905M$611M
Net income-$147M-$105M$75M-$1.1B-$2.4B$60M
Depreciation and amortization$499M$571M$480M$1.1B$698M$489M
Gain (Loss) On Disposition Of Business, Including Discontinued Operation$0$0——-$72M-$3M
Gain (Loss) On Disposition Of Property Plant Equipment, Including Discontinued Operation$14.5M$67M———$0
Increase (Decrease) in Accounts and Notes Receivable-$138M$178M$33M-$45M-$257M$158M
Increase (Decrease) in Contract with Customer, Asset-$37M$47M$6M$9M—$39M
Increase (Decrease) in Other Current Assets—$72M———-$217M
Current liabilities—-$444M———-$272M
Other Noncash Income (Expense)-$32M$87M——$24M-$52M
Principal pension plans – net (Note 13)$2M$13M$3M$4M$19M$13M
Repositioning and other charges$162M$83M——$159M$23M
Pension and postretirement benefit expense$2M$13M$3M$4M$19M$13M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$102M$239M$110M$73M$0$0
Repayments of debt$108M$6M$143M$44M$62M$660M
Dividends paid$161M$244M$244M$245M$244M$245M
Proceeds From Repayments Of Bank Overdrafts-$18M$94M$5M—$167M-$84M
Net cash from financing activities-$187M$21M-$274M-$302M-$153M-$1B
Repurchases of common stock$1M$62M$1M$1M$1M$30M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$137M-$618M———$94M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$25M$18M$50M$7M—-$11M
Net increase (decrease) in cash$11M-$14M-$21M-$130M—$146M
Cash Included in Assets Held for Sale—-$2M———$0
Proceeds from insurance settlements related to property and equipment$0$28M—$5M—$8M