International Paper 2012 Annual Report Download - page 42

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ITEM 6. SELECTED FINANCIAL DATA
FIVE-YEAR FINANCIAL SUMMARY (a)
Dollar amounts in millions, except per share amounts and stock prices 2012 2011 2010 2009 2008
RESULTS OF OPERATIONS
Net sales $ 27,833 $26,034 $25,179 $23,366 $24,829
Costs and expenses, excluding interest 26,137 24,035 23,749 21,498 25,490
Earnings (loss) from continuing operations
before income taxes and equity earnings 1,024(b) 1,458(e) 822 (h) 1,199(j) (1,153)(l)
Equity earnings (loss), net of taxes 61 140 111 (26) 6
Discontinued operations, net of taxes 45(c) 49(f) — — (13)(m)
Net earnings (loss) 799(b-d) 1,336(e-g) 712(h-i) 704 (j-k) (1,322)(l-n)
Noncontrolling interests, net of taxes 514 21 18 3
Net earnings (loss) attributable to International
Paper Company 794(b-d) 1,322(e-g) 691(h-i) 686(j-k) (1,325)(l-n)
FINANCIAL POSITION
Working capital $ 3,907 $ 5,718 $ 3,525 $ 3,539 $ 2,605
Plants, properties and equipment, net 13,949 11,817 12,002 12,688 14,202
Forestlands 622 660 747 757 594
Total assets 32,153 27,018 25,409 25,543 26,804
Notes payable and current maturities of long-
term debt 444 719 313 304 828
Long-term debt 9,696 9,189 8,358 8,729 11,246
Total shareholders’ equity 6,304 6,645 6,875 6,018 4,060
BASIC EARNINGS PER SHARE
ATTRIBUTABLE TO INTERNATIONAL
PAPER COMPANY COMMON
SHAREHOLDERS
Earnings (loss) from continuing operations $1.72 $ 2.95 $ 1.61 $ 1.61 $ (3.12)
Discontinued operations 0.10 0.11 — — (0.03)
Net earnings (loss) 1.82 3.06 1.61 1.61 (3.15)
DILUTED EARNINGS PER SHARE
ATTRIBUTABLE TO INTERNATIONAL
PAPER COMPANY COMMON
SHAREHOLDERS
Earnings (loss) from continuing operations $1.70 $ 2.92 $ 1.59 $ 1.61 $ (3.12)
Discontinued operations 0.10 0.11 — — (0.03)
Net earnings (loss) 1.80 3.03 1.59 1.61 (3.15)
Cash dividends 1.0875 0.9750 0.400 0.325 1.00
Total shareholders’ equity 14.33 15.21 15.71 13.90 9.50
COMMON STOCK PRICES
High $ 39.88 $ 33.01 $ 29.25 $ 27.79 $ 33.77
Low 27.29 21.55 19.33 3.93 10.20
Year-end 39.84 29.60 27.24 26.78 11.80
FINANCIAL RATIOS
Current ratio 1.8 2.2 1.8 1.9 1.5
Total debt to capital ratio 0.62 0.60 0.56 0.60 0.75
Return on shareholders’ equity 11.6%(b-d) 17.9%(e-g) 11.4%(h-i) 14.1%(j-k) (15.4)%(l-n)
Return on investment from continuing
operations attributable to International
Paper Company 4.8 %(b-d) 7.5%(e-g) 5.3%(h-i) 5.1%(j-k) (4.2)%(l-n)
CAPITAL EXPENDITURES $ 1,383 $ 1,159 $ 775 $ 534 $ 1,002
NUMBER OF EMPLOYEES 70,000 61,500 59,500 56,100 61,700
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