Sylvamo Generates Strong Operating Cash Flow, Returns $127 Million in Cash to Shareowners in 2023
Financial Highlights – 2023 Full Year *Net income from continuing operations of $253 million *Cash provided by operating activities from continuing operations of $504 million *Free cash flow3 of $294 million *Paid regular and special dividends totaling $57 million *Repurchased 1,574,133 shares of our common stock for approximately $70 million, resulting in 41.2 million shares outstanding as of Dec. 31 *Ended the year with net debt of $730 million ($950 million of gross debt and $220 million cash on hand). Financial Highlights - Fourth Quarter vs. Third Quarter *Net sales of $964 million vs. $897 million (7.5% increase) *Net income from continuing operations of $49 million vs. $58 million *Cash provided by operating activities from continuing operations of $167 million vs. $197 million *Free cash flow3 of $104 million vs. $155 million