$SLVM

Sylvamo Corp

CIK:0001856485|SEC Filings

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
NET SALES	$ 806	$ 794	$ 1,561	$ 1,615
COSTS AND EXPENSES
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below)	674	640	1,304	1,302
Selling and administrative expenses	69	72	142	145
Depreciation, amortization and cost of timber harvested	43	45	84	85
Taxes other than payroll and income taxes	8	7	16	11
Interest expense, net	11	10	20	19
INCOME (LOSS) BEFORE INCOME TAXES	1	20	(5)	53
Income tax provision	12	5	9	11
NET INCOME (LOSS)	$ (11)	$ 15	$ (14)	$ 42
Earnings Per Share, Basic [Abstract]
Earnings (loss) per share - basic	$ (0.28)	$ 0.37	$ (0.35)	$ 1.03
Earnings (loss) per share - diluted	$ (0.28)	$ 0.37	$ (0.35)	$ 1.02

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net income (loss)	$ (14)	$ 42
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation, amortization and cost of timber harvested	84	85
Deferred income tax provision (benefit), net	0	(5)
Stock-based compensation	6	13
Foreign exchange gain on intercompany note	(20)	0
Changes in operating assets, liabilities and other:
Accounts and notes receivable	65	77
Inventories	(76)	0
Accounts payable and accrued liabilities	(2)	(79)
Other	(15)	(46)
CASH PROVIDED BY OPERATING ACTIVITIES	28	87
INVESTMENT ACTIVITIES
Invested in capital projects	(110)	(114)
Other	1	0
CASH USED FOR INVESTMENT ACTIVITIES	(109)	(114)
FINANCING ACTIVITIES
Dividends paid	(36)	(36)
Issuance of debt	571	48
Reduction of debt	(469)	(40)
Repurchases of common stock	0	(40)
Other	2	(8)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	68	(76)
Effect of Exchange Rate Changes on Cash	1	11
Change in Cash and Temporary Investments	(12)	(92)
Beginning of the period	135	205
End of the period	$ 123	$ 113

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and temporary investments	$ 123	$ 135
Accounts and notes receivable, net	366	424
Contract assets	26	19
Inventories	503	418
Other current assets	89	80
Total Current Assets	1,107	1,076
Plants, Properties and Equipment, net	1,093	1,047
Forestlands	393	364
Goodwill	121	114
Right of Use Assets	60	48
Deferred Charges and Other Assets	101	114
TOTAL ASSETS	2,875	2,763
Current Liabilities
Accounts payable	422	381
Notes payable and current maturities of long-term debt	121	90
Accrued payroll and benefits	52	55
Other current liabilities	157	190
Total Current Liabilities	752	716
Long-Term Debt	843	763
Deferred Income Taxes	171	175
Other Liabilities	154	143
Commitments and Contingent Liabilities (Note 11)
Equity
Common stock $1.00 par value, 200.0 shares authorized, 46.0 shares and 45.6 shares issued and 39.8 shares and 39.4 shares outstanding at June 30, 2026 and December 31, 2025, respectively	46	46
Paid-in capital	97	89
Retained earnings	2,464	2,514
Accumulated other comprehensive loss	(1,316)	(1,353)
Stockholders' equity before treasury stock	1,291	1,296
Less: Common stock held in treasury, at cost, 6.2 shares and 6.2 shares at June 30, 2026 and December 31, 2025, respectively	(336)	(330)
Total Equity	955	966
TOTAL LIABILITIES AND EQUITY	$ 2,875	$ 2,763