Louisiana-Pacific (LPX) 8-K Regulation FD Disclosure

Exhibit 99.2

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES

(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE) (UNAUDITED)

	For the year ended December 31,
	2002			2001			2000
Net sales	$	1,595,200		$	1,591,600		$	2,197,400
Operating costs and expenses:
Cost of sales	1,284,600			1,348,100			1,650,900
Depreciation, depletion and amortization	132,600			163,400			189,700
Selling and administrative	133,900			146,700			213,100
(Gain) loss on sale of and impairment of long-lived assets, net	(61,300		)	37,200			56,700
Other operating credits and charges, net	29,500			57,800			13,900
Total operating costs and expenses	1,519,300			1,753,200			2,124,300
Income (loss) from operations	75,900			(161,600		)	73,100
Non-operating income (expense):
Foreign currency exchange gains (losses)	(3,200		)	2,400			(1,200		)
Interest expense, net of capitalized interest	(95,800		)	(93,100		)	(81,000		)
Interest income	32,800			33,300			37,900
Total non-operating income (expense)	(66,200		)	(57,400		)	(44,300		)
Income (loss) from continuing operations before taxes, minority interest, and equity in earnings of unconsolidated affiliates	9,700			(219,000		)	28,800
Provision (benefit) for income taxes	16,100			(85,100		)	8,800
Minority interest in net income (loss) of consolidated subsidiaries	(2,800		)	(5,100		)	—
Equity in (earnings) losses of unconsolidated affiliates	(900		)	—			7,100
Income (loss) from continuing operations before cumulative effect of change accounting principle	(2,700		)	(128,800		)	12,900
Discontinued operations
Income (loss) from discontinued operations	(90,600		)	(70,100		)	(43,600		)
Income tax (benefit) provision	(35,100		)	(27,300		)	(16,900		)
Income (loss) from discontinued operations	(55,500		)	(42,800		)	(26,700		)
Income (loss) before cumulative effect of change in accounting principle	(58,200		)	(171,600		)	(13,800		)
Cumulative effect of change in accounting principle, net of tax	(3,800		)	—			—
Net income (loss)	(62,000		)	(171,600		)	(13,800		)
Net income (loss) per share of common stock - basic and diluted:
Income (loss) from continuing operations	$	(0.03	)	$	(1.23	)	$	0.13
Income (loss) from discontinued operations	(0.53		)	(0.41		)	(0.26		)
Cumulative effect of change in accounting principle	(0.03		)	—			—
Net income (loss) - per share - basic and diluted	$	(0.59	)	$	(1.64	)	$	(0.13	)

LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE) (UNAUDITED)

SEGMENT REPORT:

	For the year ended December 31,
	2002			2001			2000
Net sales:
OSB	$	727,300		$	732,200		$	938,100
Composite Wood Products	355,300			319,000			240,000
Plastic Building Products	152,000			131,000			128,900
Engineered Wood Products	263,000			237,500			323,500
Other	147,400			163,400			430,700
Pulp	1,300			48,000			151,500
Less Intersegment Sales	(51,100		)	(39,500		)	(15,300		)
Net sales	$	1,595,200		$	1,591,600		$	2,197,400
Operating profit (loss):
OSB	$	61,100		$	28,200		$	228,900
Composite Wood Products	45,100			27,500			31,100
Plastic Building Products	5,000			(5,800		)	(6,000		)
Engineered Wood Products	5,200			(400		)	(16,000		)
Other	7,900			(300		)	(9,200		)
Pulp	(2,000		)	(27,300		)	12,800
Other operating charges and credits	(29,500		)	(57,800		)	(13,900		)
Gain (loss) on sale or impairment of long lived assets	61,300			(37,200		)	(56,700		)
General corporate and other expenses, net	(81,400		)	(86,100		)	(99,100		)
Interest income (expense), net	(63,000		)	(59,800		)	(43,100		)
Income (loss) before taxes, minority interest and equity in earnings of unconsolidated subsidiary	$	9,700		$	(219,000	)	$	28,800

LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES

(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE) (UNAUDITED)

OTHER INFORMATION:

	For the year ended December 31,
	2002		2001		2000
Depreciation, Amortization and Cost of Timber Harvested
OSB	$	74,500	$	95,800	$	91,300
Composite Wood Products	16,000		20,200		19,000
Plastic Building Products	6,200		5,100		4,400
Engineered Wood Products	17,100		15,700		19,000
Other	8,100		12,700		35,800
Pulp	—		3,000		10,400
Non-segment related	10,700		10,900		9,800
	$	132,600	$	163,400	$	189,700
Production Information
Oriented strand board, million square feet 3/8” basis	5,122		5,240		5396
Wood-based siding, million square feet 3/8” basis	786		733		651
Composite Decking, thousand lineal feet	21,991		8,082		9,313
Vinyl Siding, squares	2,419		2,246		1,986
Engineered I-Joist, million lineal feet	84		71		70
Laminated veneer lumber (LVL), thousand cubic feet	8,394		6,924		7008

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES

(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE) (UNAUDITED)

	First Quarter									Second Quarter									Third Quarter						Fourth Quarter
	2003			2002			2001			2003			2002			2001			2002			2001			2002			2001
Net sales	$	413,100		$	389,200		$	378,100		$	478,500		$	432,300		$	446,400		$	415,300		$	429,700		$	358,400		$	337,400
Operating costs and expenses:
Cost of sales	336,000			300,400			355,700			376,900			339,000			350,200			344,100			343,700			301,100			298,500
Depreciation, depletion and amortization	32,900			36,300			42,000			32,100			32,400			39,100			31,900			42,600			32,000			39,700
Selling and administrative	36,600			33,800			38,900			39,900			36,700			43,500			32,900			33,300			30,500			31,000
(Gain) loss on sale of and impairment of long-lived assets, net	(12,500		)	1,600			11,200			(29,200		)	(5,800		)	200			(38,800		)	(2,000		)	(18,300		)	27,800
Other operating credits and charges, net	—			(1,900		)	6,400			25,400			1,500			9,900			2,600			8,600			27,300			32,900
Total operating costs and expenses	393,000			370,200			454,200			445,100			403,800			442,900			372,700			426,200			372,600			429,900
Income (loss) from operations	20,100			19,000			(76,100		)	33,400			28,500			3,500			42,600			3,500			(14,200		)	(92,500		)
Non-operating income (expense):
Foreign currency exchange gains (losses)	(1,900		)	(300		)	2,100			200			(800		)	(3,800		)	(500		)	1,600			(1,600		)	2,500
Interest expense, net of capitalized interest	(22,900		)	(23,800		)	(22,800		)	(22,300		)	(24,400		)	(20,800		)	(23,900		)	(23,600		)	(23,700		)	(25,900		)
Interest income	7,800			7,900			7,700			8,000			7,800			7,200			8,300			8,000			8,800			10,400
Total non-operating income (expense)	(17,000		)	(16,200		)	(13,000		)	(14,100		)	(17,400		)	(17,400		)	(16,100		)	(14,000		)	(16,500		)	(13,000		)
Income (loss) from continuing operations before taxes, minority interest, and equity in earnings of unconsolidated affiliates	3,100			2,800			(89,100		)	19,300			11,100			(13,900		)	26,500			(10,500		)	(30,700		)	(105,500		)
Provision (benefit) for income taxes	1,100			4,100			(13,000		)	10,000			4,300			(3,200		)	9,800			(14,700		)	(2,100		)	(54,200		)
Minority interest in net income (loss) of consolidated subsidiaries	—			(900		)	(1,300		)	—			(500		)	(1,300		)	(900		)	(1,300		)	(500		)	(1,200		)
Equity in (earnings) losses of unconsolidated affiliates	—			(500		)	—			400			(200		)	400			(200		)	400			—			(800		)
Income (loss) from continuing operations before cumulative effect of change accounting principle	2,000			100			(74,800		)	8,900			7,500			(9,800		)	17,800			5,100			(28,100		)	(49,300		)
Discontinued operations
Income (loss) from discontinued operations	(900		)	(9,400		)	(24,000		)	(42,300		)	(33,400		)	300			(23,500		)	(11,200		)	(24,300		)	(35,200		)
Income tax (benefit) provision	(300		)	(3,600		)	(9,400		)	(16,200		)	(12,700		)	200			(9,000		)	(4,400		)	(9,800		)	(13,700		)
Income (loss) from discontinued operations	(600		)	(5,800		)	(14,600		)	(26,100		)	(20,700		)	100			(14,500		)	(6,800		)	(14,500		)	(21,500		)
Income (loss) before cumulative effect of change in accounting principle	1,400			(5,700		)	(89,400		)	(17,200		)	(13,200		)	(9,700		)	3,300			(1,700		)	(42,600		)	(70,800		)
Cumulative effect of change in accounting principle, net of tax	100			(3,800		)	—			—			—			—			—			—			—			—
Net income (loss)	1,500			(9,500		)	(89,400		)	(17,200		)	(13,200		)	(9,700		)	3,300			(1,700		)	(42,600		)	(70,800		)
Net income (loss) per share of common stock - basic and diluted:
Income (loss) from continuing operations	$	0.02		$	0.00		$	(0.72	)	$	0.09		$	0.07		$	(0.09	)	$	0.17		$	0.05		$	(0.27	)	$	(0.47	)
Income (loss) from discontinued operations	(0.01		)	(0.06		)	(0.14		)	(0.25		)	(0.20		)	0.00			(0.14		)	(0.07		)	(0.14		)	(0.21		)
Cumulative effect of change in accounting principle	0.00			(0.03		)	—			—			—			—			—			—			—			—
Net income (loss) - per share - basic and diluted	$	0.01		$	(0.09	)	$	(0.86	)	$	(0.16	)	$	(0.13	)	$	(0.09	)	$	0.03		$	(0.02	)	$	(0.41	)	$	(0.68	)

LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES

(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE) (UNAUDITED)

SEGMENT REPORT:

	First Quarter									Second Quarter									Third Quarter						Fourth Quarter
	2003			2002			2001			2003			2002			2001			2002			2001			2002			2001
Net sales:
OSB	$	194,500		$	188,800		$	165,100		$	229,200		$	194,800		$	208,800		$	173,000		$	197,300		$	170,700		$	161,000
Composite Wood Products	88,700			86,300			64,600			100,800			101,800			98,100			90,000			90,800			77,200			65,500
Plastic Building Products	42,600			30,100			26,800			57,600			43,700			37,800			47,000			39,800			31,200			26,600
Engineered Wood Products	64,500			53,500			56,000			72,800			67,800			63,700			81,600			66,300			60,100			51,500
Other	26,700			43,900			39,500			25,600			40,100			36,900			36,700			44,100			26,700			42,900
Pulp	—			100			32,900			—			600			9,900			600			3,900			—			1,300
Less Intersegment Sales	(3,900		)	(13,500		)	(6,800		)	(7,500		)	(16,500		)	(8,800		)	(13,600		)	(12,500		)	(7,500		)	(11,400		)
Net sales	$	413,100		$	389,200		$	378,100		$	478,500		$	432,300		$	446,400		$	415,300		$	429,700		$	358,400		$	337,400
Operating profit (loss):
OSB	$	13,800		$	23,100		$	(14,100	)	$	37,100		$	25,000		$	30,800		$	8,000		$	22,600		$	5,000		$	(11,100	)
Composite Wood Products	9,700			10,800			800			10,500			17,600			13,700			9,600			8,800			7,100			4,200
Plastic Building Products	3,200			700			(2,700		)	6,100			1,300			(300		)	3,400			(400		)	(400		)	(2,400		)
Engineered Wood Products	(1,000		)	2,300			700			(1,100		)	2,000			(1,300		)	2,600			900			(1,700		)	(700		)
Other	3,300			3,800			(3,800		)	(1,000		)	1,900			(1,900		)	1,100			2,600			1,100			2,800
Pulp	—			(1,300		)	(12,800		)	—			(2,300		)	(6,300		)	1,400			(4,900		)	200			(3,300		)
Other operating charges and credits	—			1,900			(6,400		)	(25,400		)	(1,500		)	(10,000		)	(2,600		)	(8,500		)	(27,300		)	(32,900		)
Gain (loss) on sale or impairment of long lived assets	12,500			(1,600		)	(11,200		)	29,200			5,800			(200		)	38,800			2,000			18,300			(27,800		)
General corporate and other expenses, net	(23,300		)	(21,000		)	(24,500		)	(21,800		)	(22,100		)	(24,800		)	(20,200		)	(18,000		)	(18,100		)	(18,800		)
Interest income (expense), net	(15,100		)	(15,900		)	(15,100		)	(14,300		)	(16,600		)	(13,600		)	(15,600		)	(15,600		)	(14,900		)	(15,500		)
Income (loss) before taxes, minority interest and equity in earnings of unconsolidated subsidiary	$	3,100		$	2,800		$	(89,100	)	$	19,300		$	11,100		$	(13,900	)	$	26,500		$	(10,500	)	$	(30,700	)	$	(105,500	)

LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES

(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE) (UNAUDITED)

OTHER INFORMATION:

	First Quarter						Second Quarter						Third Quarter				Fourth Quarter
	2003		2002		2001		2003		2002		2001		2002		2001		2002		2001
Depreciation, Amortization and Cost of Timber Harvested
OSB	$	18,700	$	20,900	$	23,700	$	17,300	$	18,000	$	23,900	$	17,500	$	24,800	$	18,100	$	23,400
Composite Wood Products	4,100		4,000		4,900		4,300		4,100		5,400		4,200		5,000		3,700		4,900
Plastic Building Products	1,700		1,300		1,200		1,900		1,600		1,300		1,700		1,200		1,600		1,400
Engineered Wood Products	4,000		4,200		3,500		3,600		4,100		3,800		4,200		4,600		4,600		3,800
Other	2,000		3,100		3,500		2,200		2,100		3,000		1,600		3,200		1,300		3,000
Pulp	—		—		1,600		—		—		600		—		400		—		400
Non-segment related	2,400		2,800		3,600		2,800		2,500		1,100		2,700		3,400		2,700		2,800
	$	32,900	$	36,300	$	42,000	$	32,100	$	32,400	$	39,100	$	31,900	$	42,600	$	32,000	$	39,700
Production Information
Oriented strand board, million square feet 3/8” basis	1,289		1,360		1,367		1,298		1,363		1,361		1,191		1,309		1,208		1,203
Wood-based siding, million square feet 3/8” basis	207		187		154		213		202		193		203		208		194		178
Composite Decking, thousand lineal feet	7,982		2,676		4,180		8,462		5,773		1,948		6,660		896		6,882		1,058
Vinyl Siding, squares	555		483		461		747		722		663		708		689		506		433
Engineered I-Joist, million lineal feet	21		18		14		21		23		23		24		21		19		13
Laminated veneer lumber (LVL), thousand cubic feet	2,204		2,016		1,694		2,551		2,277		2,079		2,116		1,914		1,985		1,237