Attached files
| file | filename |
|---|---|
| 8-K - 8-K - LOUISIANA-PACIFIC CORP | lpx33120168k.htm |
| EX-99.1 - EXHIBIT 99.1 - LOUISIANA-PACIFIC CORP | ex991-q12016pressrelease.htm |
| EX-99.2 - EXHIBIT 99.2 - LOUISIANA-PACIFIC CORP | ex992-033116ebitdareconcil.htm |
Exhibit 99.3 Reconciliation of Adjusted income from continuing operations
As reported Quarter Ended March 31, 2016 | Adjustments | As adjusted Quarter Ended March 31, 2016 | As reported Quarter Ended December 31, 2015 | Adjustments | As adjusted Quarter Ended December 31, 2015 | As reported Quarter Ended March 31, 2015 | Adjustments | As adjusted Quarter Ended March 31, 2015 | |||||||||||||||||||
Net sales | $ | 504.6 | $ | 504.6 | $ | 462.9 | $ | 462.9 | $ | 471.7 | $ | 471.7 | |||||||||||||||
Operating costs and expenses: | |||||||||||||||||||||||||||
Cost of sales | 415.5 | 415.5 | 395.3 | 395.3 | 427.8 | 427.8 | |||||||||||||||||||||
Depreciation and amortization | 27.9 | 27.9 | 24.0 | 24.0 | 26.7 | 26.7 | |||||||||||||||||||||
Selling and administrative | 42.3 | 42.3 | 37.9 | 37.9 | 38.7 | 38.7 | |||||||||||||||||||||
(Gain) loss on sale or impairment of long-lived assets, net | — | — | 0.6 | (0.6 | ) | — | 0.1 | (0.1 | ) | — | |||||||||||||||||
Other operating credits and charges, net | — | — | 3.7 | (3.7 | ) | — | 11.6 | (11.6 | ) | — | |||||||||||||||||
Total operating costs and expenses | 485.7 | 485.7 | 461.5 | 457.2 | 504.9 | 493.2 | |||||||||||||||||||||
Income (loss) from operations | 18.9 | 18.9 | 1.4 | 5.7 | (33.2 | ) | (21.5 | ) | |||||||||||||||||||
Non-operating income (expense): | |||||||||||||||||||||||||||
Interest expense, net of capitalized interest | (8.0 | ) | (8.0 | ) | (8.1 | ) | (8.1 | ) | (7.5 | ) | (7.5 | ) | |||||||||||||||
Investment income | 1.8 | 1.8 | 1.5 | 1.5 | 1.4 | 1.4 | |||||||||||||||||||||
Other non-operating items | 0.5 | 0.5 | 0.2 | 0.2 | (2.2 | ) | (2.2 | ) | |||||||||||||||||||
Total non-operating income (expense) | (5.7 | ) | (5.7 | ) | (6.4 | ) | (6.4 | ) | (8.3 | ) | (8.3 | ) | |||||||||||||||
Income (loss) before taxes and equity in income of unconsolidated affiliates | 13.2 | 13.2 | (5.0 | ) | (0.7 | ) | (41.5 | ) | (29.8 | ) | |||||||||||||||||
Provision (benefit) for income taxes | 4.4 | (4.4 | ) | — | 5.0 | (5.0 | ) | — | (6.3 | ) | 6.3 | — | |||||||||||||||
"Normalized" tax rate @ 35% | — | 5.1 | 5.1 | — | 0.4 | 0.4 | — | (10.2 | ) | (10.2 | ) | ||||||||||||||||
Equity in income of unconsolidated affiliates | (1.5 | ) | (1.5 | ) | (2.6 | ) | 0.7 | (1.9 | ) | (0.7 | ) | (0.7 | ) | ||||||||||||||
Income (loss) from continuing operations | 10.3 | 9.6 | (7.4 | ) | 0.8 | (34.5 | ) | (18.9 | ) | ||||||||||||||||||
Income (loss) from discontinued operations before taxes | — | — | (0.3 | ) | (0.3 | ) | — | — | |||||||||||||||||||
Provision (benefit) for income taxes | — | — | (0.1 | ) | (0.1 | ) | — | — | |||||||||||||||||||
Income (loss) from discontinued operations | — | — | (0.2 | ) | (0.2 | ) | — | — | |||||||||||||||||||
Net income (loss) | $ | 10.3 | $ | 9.6 | $ | (7.6 | ) | $ | 0.6 | $ | (34.5 | ) | $ | (18.9 | ) | ||||||||||||
Income (loss) per share of common stock: | |||||||||||||||||||||||||||
Net income (loss) per share - basic | $ | 0.07 | $ | 0.07 | $ | (0.05 | ) | $ | 0.01 | $ | (0.24 | ) | $ | (0.13 | ) | ||||||||||||
Net income (loss) per share - diluted | $ | 0.07 | $ | 0.07 | $ | (0.05 | ) | $ | 0.01 | $ | (0.24 | ) | $ | (0.13 | ) | ||||||||||||
Average shares of stock outstanding - basic | 142.9 | 142.9 | 142.7 | 142.7 | 142.0 | 142.0 | |||||||||||||||||||||
Average shares of stock outstanding - diluted | 145.2 | 145.2 | 142.7 | 142.7 | 142.0 | 142.0 | |||||||||||||||||||||