Attached files
| file | filename |
|---|---|
| 8-K - 8-K - LOUISIANA-PACIFIC CORP | a33115lpx8k.htm |
| EX-99.1 - EXHIBIT 99.1 - PRESS RELEASE - LOUISIANA-PACIFIC CORP | ex991-q12015pressrelease.htm |
| EX-99.2 - EXHIBIT 99.2 EBITDA RECONCILIATION - LOUISIANA-PACIFIC CORP | ex992-033115ebitdareconcil.htm |
Exhibit 99.3 Reconciliation of Adjusted income from continuing operations
As reported Quarter Ended March 31, 2015 | Adjustments | As adjusted Quarter Ended March 31, 2015 | As reported Quarter Ended December 31, 2014 | Adjustments | As adjusted Quarter Ended December 31, 2014 | As reported Quarter Ended March 31, 2014 | Adjustments | As adjusted Quarter Ended March 31, 2014 | |||||||||||||||||||
Net sales | $ | 471.7 | $ | 471.7 | $ | 453.5 | $ | 453.5 | $ | 444.7 | $ | 444.7 | |||||||||||||||
Operating costs and expenses: | |||||||||||||||||||||||||||
Cost of sales | 427.8 | 427.8 | 430.9 | 430.9 | 388.4 | 388.4 | |||||||||||||||||||||
Depreciation and amortization | 26.7 | 26.7 | 23.3 | 23.3 | 25.6 | 25.6 | |||||||||||||||||||||
Selling and administrative | 38.7 | 38.7 | 40.8 | 40.8 | 40.9 | (3.3 | ) | 37.6 | |||||||||||||||||||
(Gain) loss on sale or impairment of long-lived assets, net | 0.1 | (0.1 | ) | — | 1.0 | (1.0 | ) | — | — | — | — | ||||||||||||||||
Other operating credits and charges, net | 11.6 | (11.6 | ) | — | 6.4 | (6.4 | ) | — | — | — | — | ||||||||||||||||
Total operating costs and expenses | 504.9 | 493.2 | 502.4 | 495.0 | 454.9 | 451.6 | |||||||||||||||||||||
Income (loss) from operations | (33.2 | ) | (21.5 | ) | (48.9 | ) | (41.5 | ) | (10.2 | ) | (6.9 | ) | |||||||||||||||
Non-operating income (expense): | |||||||||||||||||||||||||||
Interest expense, net of capitalized interest | (7.5 | ) | (7.5 | ) | (6.4 | ) | (1.5 | ) | (7.9 | ) | (7.7 | ) | (7.7 | ) | |||||||||||||
Investment income | 1.4 | 1.4 | 1.1 | 1.1 | 1.8 | 1.8 | |||||||||||||||||||||
Other non-operating items | (2.2 | ) | (2.2 | ) | $ | (1.3 | ) | (1.3 | ) | (4.3 | ) | 5.8 | 1.5 | ||||||||||||||
Total non-operating income (expense) | (8.3 | ) | (8.3 | ) | (6.6 | ) | (8.1 | ) | (10.2 | ) | (4.4 | ) | |||||||||||||||
Income (loss) from continuing operations before taxes and equity in income of unconsolidated affiliates | (41.5 | ) | (29.8 | ) | (55.5 | ) | (49.6 | ) | (20.4 | ) | (11.3 | ) | |||||||||||||||
Provision (benefit) for income taxes | (6.3 | ) | 6.3 | — | (11.3 | ) | 11.3 | — | (5.6 | ) | 5.6 | — | |||||||||||||||
"Normalized" tax rate @ 35% | — | (10.2 | ) | (10.2 | ) | — | (17.3 | ) | (17.3 | ) | — | (3.7 | ) | (3.7 | ) | ||||||||||||
Equity in income of unconsolidated affiliates | (0.7 | ) | (0.7 | ) | (1.2 | ) | 1.0 | (0.2 | ) | (0.6 | ) | (0.6 | ) | ||||||||||||||
Income (loss) from continuing operations | (34.5 | ) | (18.9 | ) | (43.0 | ) | (32.1 | ) | (14.2 | ) | (7.0 | ) | |||||||||||||||
Income (loss) from discontinued operations before taxes | — | — | 0.2 | 0.2 | — | — | |||||||||||||||||||||
Provision (benefit) for income taxes | — | — | 0.1 | 0.1 | — | — | |||||||||||||||||||||
Income (loss) from discontinued operations | — | — | 0.1 | 0.1 | — | — | |||||||||||||||||||||
Net income (loss) | $ | (34.5 | ) | $ | (18.9 | ) | $ | (42.9 | ) | $ | (32.0 | ) | $ | (14.2 | ) | $ | (7.0 | ) | |||||||||
Income (loss) per share of common stock (basic and diluted): | |||||||||||||||||||||||||||
Income (loss) from continuing operations | $ | (0.24 | ) | $ | (0.13 | ) | $ | (0.30 | ) | $ | (0.23 | ) | $ | (0.10 | ) | $ | (0.05 | ) | |||||||||
Income (loss) from discontinued operations | — | — | — | — | — | — | |||||||||||||||||||||
Net income (loss) per share | $ | (0.24 | ) | $ | (0.13 | ) | $ | (0.30 | ) | $ | (0.23 | ) | $ | (0.10 | ) | $ | (0.05 | ) | |||||||||
Average shares of stock outstanding - basic and diluted | 142.0 | 142.0 | 141.7 | 141.7 | 140.8 | 140.8 | |||||||||||||||||||||