Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - INTERNATIONAL PAPER CO /NEW/ | ip-20180630exhibit32certif.htm |
| EX-31.2 - EXHIBIT 31.2 - INTERNATIONAL PAPER CO /NEW/ | ip-20180630exhibit312certi.htm |
| EX-31.1 - EXHIBIT 31.1 - INTERNATIONAL PAPER CO /NEW/ | ip-20180630exhibit311certi.htm |
| EX-12 - EXHIBIT 12 - INTERNATIONAL PAPER CO /NEW/ | ip-20180630exhibit12comput.htm |
| 10-Q - 10-Q - INTERNATIONAL PAPER CO /NEW/ | ip-6302018xform10xq.htm |
Exhibit 11
INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
Earnings (loss) from continuing operations | $ | 428 | $ | 84 | $ | 789 | $ | 276 | |||||||
Discontinued operations | (23 | ) | (4 | ) | 345 | 13 | |||||||||
Net earnings (loss) | 405 | 80 | 1,134 | 289 | |||||||||||
Effect of dilutive securities | — | — | — | — | |||||||||||
Net earnings - assuming dilution | $ | 405 | $ | 80 | $ | 1,134 | $ | 289 | |||||||
Average common shares outstanding | 413.2 | 412.9 | 413.4 | 412.5 | |||||||||||
Effect of dilutive securities | |||||||||||||||
Restricted stock performance share plan | 4.5 | 3.5 | 5.4 | 4.2 | |||||||||||
Average common shares outstanding - assuming dilution | 417.7 | 416.4 | 418.8 | 416.7 | |||||||||||
Earnings (loss) per common share from continuing operations | $ | 1.03 | $ | 0.20 | $ | 1.91 | $ | 0.67 | |||||||
Discontinued operations | (0.05 | ) | (0.01 | ) | 0.83 | 0.03 | |||||||||
Net earnings (loss) per common share | $ | 0.98 | $ | 0.19 | $ | 2.74 | $ | 0.70 | |||||||
Earnings (loss) per common share from continuing operations - assuming dilution | $ | 1.02 | $ | 0.20 | $ | 1.88 | $ | 0.66 | |||||||
Discontinued operations | (0.05 | ) | (0.01 | ) | 0.83 | 0.03 | |||||||||
Net earnings (loss) per common share - assuming dilution | $ | 0.97 | $ | 0.19 | $ | 2.71 | $ | 0.69 | |||||||
Note: If an amount does not appear in the above table, the security was antidilutive for the periods presented.
(1) | Attributable to International Paper Company common shareholders. |