01—Abstract
Summary
Summary of the 10-K/A filed January 16, 2002. Cited figures are marked; the original filing is the authoritative source.
This Amendment No. 2 to International Paper Company's annual report for the fiscal year ended December 31, 2000 amends only Part IV, Item 14.
It deletes the referenced exhibits in their entirety and replaces them with the exhibits set forth in the amendment. Items and exhibits not expressly changed remain as stated in the original filing. The filing identifies the company as a New York corporation headquartered at 400 Atlantic Street, Stamford, Connecticut, with 482,973,450 common shares outstanding and 1,194,696 shares in treasury as of March 16, 2001.
The aggregate market value of common stock held by non-affiliates on that date was $17,250,072,809a (about $17.25 billion). The filing shows the company's 2000 activity in the context of two merger agreements: the February 16, 2000 agreement to acquire Shorewood Packaging Corporation, and the May 12, 2000 agreement with Champion International Corporation. Its Form 8-K reports during 2000 and early 2001 covered quarterly earnings, the closure of three mills and the scaling back of one mill, merger synergies with Champion International, and the status of capacity rationalizations and realignment initiatives.
The consolidated financial statements are incorporated by reference from the 2000 Annual Report to Shareholders, which is listed as Exhibit 13, and the filing lists Arthur Andersen LLP and PricewaterhouseCoopers LLP as the company's auditors. For investors, the most useful content in this amendment is the exhibit index, which lists the company's governing documents, debt indentures and credit agreements, compensation and incentive plans, and the Champion and Shorewood merger agreements. The operating and financial detail for 2000 is in the Annual Report to Shareholders, which this filing references rather than reproduces.
02—Key points
Key Highlights
- Aggregate market value of common stock held by non-affiliates was $17,250,072,809 as of March 16, 2001.
- Shares outstanding were 482,973,450, with 1,194,696 shares held in treasury, as of March 16, 2001.
- The company agreed to acquire Shorewood Packaging Corporation under a merger agreement dated February 16, 2000.
- A merger agreement with Champion International Corporation, dated May 12, 2000, is included in the exhibit index.
- Form 8-K filed October 18, 2000 reported third-quarter 2000 earnings, the closure of three mills, and the scaling back of one mill.
- Form 8-K filed January 25, 2001 reported fourth-quarter 2000 earnings, merger synergies with Champion International, and the status of capacity rationalizations and realignment initiatives.
- Financial statements for 2000, 1999 and 1998 are incorporated by reference from the 2000 Annual Report to Shareholders (Exhibit 13).
03—Questions
Frequently Asked Questions
What does this amendment change?
It amends Part IV, Item 14 only, by deleting the referenced exhibits in their entirety and replacing them with the exhibits set forth in the amendment. Items and exhibits not expressly changed remain as stated in the original 10-K for fiscal 2000.
How large is the company's public equity float?
The aggregate market value of common stock held by non-affiliates was $17,250,072,809 as of March 16, 2001, based on the Composite Tape closing price on that date. Directors, executive officers, and treasury stock were excluded from the calculation.
What major transactions did the company pursue in 2000?
The filing references a merger agreement to acquire Shorewood Packaging Corporation dated February 16, 2000, and a merger agreement with Champion International Corporation dated May 12, 2000. The 8-K reports also cover merger synergies with Champion and capacity rationalizations and realignment initiatives.
Where can investors find the 2000 financial statements?
The consolidated statements of earnings, balance sheet, cash flows, shareholders' equity, notes, and the accountants' report are incorporated by reference from the 2000 Annual Report to Shareholders, listed as Exhibit 13. The auditors named in the exhibit list are Arthur Andersen LLP and PricewaterhouseCoopers LLP.
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