Operating

International Paper·Cash Flow Statement·21 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net cash from operating activities	$365M	$521M	$397M	-$288M	$476M	$605M	$905M	$611M
Depreciation and amortization	$261M	$267M	$499M	$571M	$480M	$1.1B	$698M	$489M
Change in other liabilities	—	—	—	-$444M	—	—	—	-$272M
Current liabilities	—	—	—	-$444M	—	—	—	-$272M
Change in other current assets	—	—	—	$72M	—	—	—	-$217M
Increase (Decrease) in Other Current Assets	—	—	—	$72M	—	—	—	-$217M
Change in accounts payable	$134M	$143M	-$373M	$97M	-$445M	-$111M	-$568M	$158M
Change in receivables	$168M	-$82M	-$138M	$178M	$33M	-$45M	-$257M	$158M
Increase (Decrease) in Accounts and Notes Receivable	$168M	-$82M	-$138M	$178M	$33M	-$45M	-$257M	$158M
Net income	$498M	$150M	-$147M	-$105M	$75M	-$1.1B	-$2.4B	$60M
Change in inventories	-$36M	—	—	-$22M	-$6M	$81M	-$211M	-$58M
Other working capital changes	$4M	-$20M	-$17M	$72M	$76M	—	—	-$52M
Other Noncash Income (Expense)	-$46M	-$23M	-$32M	$87M	—	—	$24M	-$52M
Increase (Decrease) in Contract with Customer, Asset	$5M	-$2M	-$37M	$47M	$6M	$9M	—	$39M
Repositioning and other charges	—	—	$162M	$83M	—	—	$159M	$23M
Principal pension plans – net (Note 13)	—	—	$2M	$13M	$3M	$4M	$19M	$13M
Pension and postretirement benefit expense	—	—	$2M	$13M	$3M	$4M	$19M	$13M
Deferred income taxes	-$338M	-$78M	-$46M	-$74M	-$21M	-$643M	-$117M	$7M
Gain (Loss) On Disposition Of Business, Including Discontinued Operation	—	—	$0	$0	—	—	-$72M	-$3M
Impairment charges	$0	$0	$0	$0	$0	$0	$0	—
Gain (Loss) On Disposition Of Property Plant Equipment, Including Discontinued Operation	$14.5M	$14.5M	$14.5M	$67M	—	—	—	$0