International Paper Company (IP) Income Statement

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Net Sales	5.27B
Cost of products sold
Selling and administrative expenses	380M
Depreciation, amortization and cost of timber harvested
Distribution expenses	353M
Taxes other than payroll and income taxes	41M
Restructuring and other charges
Net (gains) losses on sales and impairments of businesses
Interest expense, net	132M
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings	373M
Income tax provision (benefit)	107M
Equity earnings (losses), net of taxes	43M
Earnings (Loss) From Continuing Operations	309M
Discontinued operations, net of taxes	0
Net Earnings (Loss)	309M
Less: Net earnings (loss) attributable to noncontrolling interests	-3M
Net Earnings (Loss) Attributable to International Paper Company	312M
Earnings (loss) from continuing operations	0.76
Discontinued operations, net of taxes	0
Net earnings (loss)	0.76
Earnings (loss) from continuing operations	0.75
Discontinued operations, net of taxes	0
Net earnings (loss)	0.75
Average Shares of Common Stock Outstanding - assuming dilution	415.3M
Cash Dividends Per Common Share	0.44
Earnings (loss) from continuing operations	312M
Discontinued operations, net of taxes	0
Net earnings (loss)	312M

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