Exhibit 99.2
(Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
Quarter Ended June 30, 2009 | |||||||||||||||||||||||
Sales | $ | 97.7 | $ | 102.7 | $ | 35.9 | $ | 29.9 | $ | — | $ | 266.2 | |||||||||||
Depreciation and amortization | 8.9 | 4.3 | 2.9 | 2.0 | 0.8 | 18.9 | |||||||||||||||||
Cost of sales and selling and administrative | 105.1 | 91.9 | 41.4 | 26.3 | 17.7 | 282.4 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | — | — | — | — | (1.0 | ) | (1.0 | ) | |||||||||||||||
Other operating credits and charges, net | — | — | — | — | (1.9 | ) | (1.9 | ) | |||||||||||||||
Total operating costs | 114.0 | 96.2 | 44.3 | 28.3 | 15.6 | 298.4 | |||||||||||||||||
Income (loss) from operations | (16.3 | ) | 6.5 | (8.4 | ) | 1.6 | (15.6 | ) | (32.2 | ) | |||||||||||||
Total non-operating income (expense) | (7.7 | ) | (7.7 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (16.3 | ) | 6.5 | (8.4 | ) | 1.6 | (23.3 | ) | (39.9 | ) | |||||||||||||
Provision (benefit) for income taxes | (16.0 | ) | (16.0 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 2.2 | 0.2 | 1.0 | 3.4 | |||||||||||||||||||
Income (loss) from continuing operations | $ | (18.5 | ) | $ | 6.5 | $ | (8.6 | ) | $ | 0.6 | $ | (7.3 | ) | $ | (27.3 | ) | |||||||
Reconciliation of loss from continuing operations to EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (18.5 | ) | $ | 6.5 | $ | (8.6 | ) | $ | 0.6 | $ | (7.3 | ) | $ | (27.3 | ) | |||||||
Income tax expense | — | — | — | — | (16.0 | ) | (16.0 | ) | |||||||||||||||
Investment income | (7.5 | ) | (7.5 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | — | — | — | — | 21.1 | 21.1 | |||||||||||||||||
Depreciation and amortization | 8.9 | 4.3 | 2.9 | 2.0 | 0.8 | 18.9 | |||||||||||||||||
EBITDA from continuing operations | $ | (9.6 | ) | $ | 10.8 | $ | (5.7 | ) | $ | 2.6 | $ | (8.9 | ) | $ | (10.8 | ) | |||||||
Stock based compensation expense | $ | 0.1 | $ | 0.1 | $ | 0.1 | $ | — | $ | 1.2 | $ | 1.5 | |||||||||||
(Gain) loss on sale or impairment of long lived assets | (1.0 | ) | (1.0 | ) | |||||||||||||||||||
Other operating credits and charges, net | (1.9 | ) | (1.9 | ) | |||||||||||||||||||
Other than temporary asset impairment | 0.8 | 0.8 | |||||||||||||||||||||
Early debt extinguishment | — | — | |||||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | (9.5 | ) | $ | 10.9 | $ | (5.6 | ) | $ | 2.6 | $ | (9.8 | ) | $ | (11.4 | ) | |||||||
Quarter Ended June 30, 2008 | |||||||||||||||||||||||
Sales | $ | 170.2 | $ | 123.6 | $ | 65.3 | $ | 27.9 | $ | — | $ | 387.0 | |||||||||||
Depreciation and amortization | 13.2 | 5.6 | 3.7 | 2.9 | 1.4 | 26.8 | |||||||||||||||||
Cost of sales and selling and administrative | 188.9 | 109.2 | 71.0 | 24.2 | 20.8 | 414.1 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | 0.1 | 0.1 | |||||||||||||||||||||
Other operating credits and charges, net | 70.1 | 70.1 | |||||||||||||||||||||
Total operating costs | 202.1 | 114.8 | 74.7 | 27.1 | 92.4 | 511.1 | |||||||||||||||||
Loss from operations | (31.9 | ) | 8.8 | (9.4 | ) | 0.8 | (92.4 | ) | (124.1 | ) | |||||||||||||
Total non-operating income (expense) | (8.9 | ) | (8.9 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (31.9 | ) | 8.8 | (9.4 | ) | 0.8 | (101.3 | ) | (133.0 | ) | |||||||||||||
Provision (benefit) for income taxes | (56.8 | ) | (56.8 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 2.2 | (0.2 | ) | 1.2 | 3.2 | ||||||||||||||||||
Income (loss) from continuing operations | $ | (34.1 | ) | $ | 8.8 | $ | (9.2 | ) | $ | (0.4 | ) | $ | (44.5 | ) | $ | (79.4 | ) | ||||||
Reconciliation of loss from continuing operations to EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (34.1 | ) | $ | 8.8 | $ | (9.2 | ) | $ | (0.4 | ) | $ | (44.5 | ) | $ | (79.4 | ) | ||||||
Income tax expense | (56.8 | ) | (56.8 | ) | |||||||||||||||||||
Investment income | (10.6 | ) | (10.6 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 12.7 | 12.7 | |||||||||||||||||||||
Depreciation and amortization | 13.2 | 5.6 | 3.7 | 2.9 | 1.4 | 26.8 | |||||||||||||||||
EBITDA from continuing operations | $ | (20.9 | ) | $ | 14.4 | $ | (5.5 | ) | $ | 2.5 | $ | (97.8 | ) | $ | (107.3 | ) | |||||||
Stock based compensation expense | $ | 0.4 | $ | 0.2 | $ | 0.1 | $ | — | $ | 1.8 | $ | 2.5 | |||||||||||
(Gain) loss on sale or impairment of long lived assets | 0.1 | 0.1 | |||||||||||||||||||||
Other operating credits and charges, net | 70.1 | 70.1 | |||||||||||||||||||||
Other than temporary asset impairment | 1.7 | 1.7 | |||||||||||||||||||||
Early debt extinguishment | — | — | |||||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | (20.5 | ) | $ | 14.6 | $ | (5.4 | ) | $ | 2.5 | $ | (24.1 | ) | $ | (32.9 | ) | |||||||
(Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
Six months Ended June 30, 2009 | |||||||||||||||||||||||
Sales | $ | 170.0 | $ | 176.4 | $ | 65.8 | $ | 58.6 | $ | — | $ | 470.8 | |||||||||||
Depreciation and amortization | 16.0 | 9.0 | 5.9 | 5.1 | 2.0 | 38.0 | |||||||||||||||||
Cost of sales and selling and administrative | 192.0 | 158.7 | 77.3 | 50.4 | 35.7 | 514.1 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | — | — | — | — | (0.9 | ) | (0.9 | ) | |||||||||||||||
Other operating credits and charges, net | — | — | — | — | (5.7 | ) | (5.7 | ) | |||||||||||||||
Total operating costs | 208.0 | 167.7 | 83.2 | 55.5 | 31.1 | 545.5 | |||||||||||||||||
Income (loss) from operations | (38.0 | ) | 8.7 | (17.4 | ) | 3.1 | (31.1 | ) | (74.7 | ) | |||||||||||||
Total non-operating income (expense) | (12.0 | ) | (12.0 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (38.0 | ) | 8.7 | (17.4 | ) | 3.1 | (43.1 | ) | (86.7 | ) | |||||||||||||
Provision (benefit) for income taxes | (35.2 | ) | (35.2 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 4.6 | 0.4 | 1.0 | 6.0 | |||||||||||||||||||
Income (loss) from continuing operations | $ | (42.6 | ) | $ | 8.7 | $ | (17.8 | ) | $ | 2.1 | $ | (7.9 | ) | $ | (57.5 | ) | |||||||
Reconciliation of loss from continuing operations to EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (42.6 | ) | $ | 8.7 | $ | (17.8 | ) | $ | 2.1 | $ | (7.9 | ) | $ | (57.5 | ) | |||||||
Income tax expense | — | — | — | — | (35.2 | ) | (35.2 | ) | |||||||||||||||
Investment income | (12.7 | ) | (12.7 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | — | — | — | — | 32.9 | 32.9 | |||||||||||||||||
Depreciation and amortization | 16.0 | 9.0 | 5.9 | 5.1 | 2.0 | 38.0 | |||||||||||||||||
EBITDA from continuing operations | $ | (26.6 | ) | $ | 17.7 | $ | (11.9 | ) | $ | 7.2 | $ | (20.9 | ) | $ | (34.5 | ) | |||||||
Stock based compensation expense | $ | 0.5 | $ | 0.5 | $ | 0.4 | $ | — | $ | 4.1 | $ | 5.5 | |||||||||||
(Gain) loss on sale or impairment of long lived assets | (0.9 | ) | (0.9 | ) | |||||||||||||||||||
Other operating credits and charges, net | (5.7 | ) | (5.7 | ) | |||||||||||||||||||
Other than temporary asset impairment | 1.7 | 1.7 | |||||||||||||||||||||
Early debt extinguishment | 0.6 | 0.6 | |||||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | (26.1 | ) | $ | 18.2 | $ | (11.5 | ) | $ | 7.2 | $ | (21.1 | ) | $ | (33.3 | ) | |||||||
Six months Ended June 30, 2008 | |||||||||||||||||||||||
Sales | $ | 329.2 | $ | 230.7 | $ | 125.8 | $ | 50.7 | $ | — | $ | 736.4 | |||||||||||
Depreciation and amortization | 27.3 | 11.4 | 7.6 | 4.1 | 3.0 | 53.4 | |||||||||||||||||
Cost of sales and selling and administrative | 390.7 | 210.2 | 135.3 | 47.5 | 43.3 | 827.0 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | (0.3 | ) | (0.3 | ) | |||||||||||||||||||
Other operating credits and charges, net | 66.1 | 66.1 | |||||||||||||||||||||
Total operating costs | 418.0 | 221.6 | 142.9 | 51.6 | 112.1 | 946.2 | |||||||||||||||||
Loss from operations | (88.8 | ) | 9.1 | (17.1 | ) | (0.9 | ) | (112.1 | ) | (209.8 | ) | ||||||||||||
Total non-operating income (expense) | 1.3 | 1.3 | |||||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (88.8 | ) | 9.1 | (17.1 | ) | (0.9 | ) | (110.8 | ) | (208.5 | ) | ||||||||||||
Provision (benefit) for income taxes | (92.7 | ) | (92.7 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 7.4 | 0.2 | 1.9 | 9.5 | |||||||||||||||||||
Income (loss) from continuing operations | $ | (96.2 | ) | $ | 9.1 | $ | (17.3 | ) | $ | (2.8 | ) | $ | (18.1 | ) | $ | (125.3 | ) | ||||||
Reconciliation of loss from continuing operations to EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (96.2 | ) | $ | 9.1 | $ | (17.3 | ) | $ | (2.8 | ) | $ | (18.1 | ) | $ | (125.3 | ) | ||||||
Income tax expense | (92.7 | ) | (92.7 | ) | |||||||||||||||||||
Investment income | (23.4 | ) | (23.4 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 23.9 | 23.9 | |||||||||||||||||||||
Depreciation and amortization | 27.3 | 11.4 | 7.6 | 4.1 | 3.0 | 53.4 | |||||||||||||||||
EBITDA from continuing operations | $ | (68.9 | ) | $ | 20.5 | $ | (9.7 | ) | $ | 1.3 | $ | (107.3 | ) | $ | (164.1 | ) | |||||||
Stock based compensation expense | $ | 1.0 | $ | 0.5 | $ | 0.5 | $ | — | $ | 5.4 | $ | 7.4 | |||||||||||
(Gain) loss on sale or impairment of long lived assets | (0.3 | ) | (0.3 | ) | |||||||||||||||||||
Other operating credits and charges, net | 66.1 | 66.1 | |||||||||||||||||||||
Other than temporary asset impairment | 2.5 | 2.5 | |||||||||||||||||||||
Early debt extinguishment | — | — | |||||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | (67.9 | ) | $ | 21.0 | $ | (9.2 | ) | $ | 1.3 | $ | (33.6 | ) | $ | (88.4 | ) | |||||||
(Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
Quarter Ended September 30, 2009 | |||||||||||||||||||||||
Sales | $ | 122.5 | $ | 111.3 | $ | 47.8 | $ | 27.2 | $ | — | $ | 308.8 | |||||||||||
Depreciation and amortization | 10.3 | 5.1 | 3.2 | 2.9 | 0.7 | 22.2 | |||||||||||||||||
Cost of sales and selling and administrative | 116.3 | 90.1 | 50.9 | 23.2 | 17.0 | 297.5 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | (1.2 | ) | (1.2 | ) | |||||||||||||||||||
Other operating credits and charges, net | (1.6 | ) | (1.6 | ) | |||||||||||||||||||
Total operating costs | 126.6 | 95.2 | 54.1 | 26.1 | 14.9 | 316.9 | |||||||||||||||||
Income (loss) from operations | (4.1 | ) | 16.1 | (6.3 | ) | 1.1 | (14.9 | ) | (8.1 | ) | |||||||||||||
Total non-operating income (expense) | (12.3 | ) | (12.3 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (4.1 | ) | 16.1 | (6.3 | ) | 1.1 | (27.2 | ) | (20.4 | ) | |||||||||||||
Provision (benefit) for income taxes | (10.5 | ) | (10.5 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 1.9 | — | — | 0.9 | — | 2.8 | |||||||||||||||||
Income (loss) from continuing operations | $ | (6.0 | ) | $ | 16.1 | $ | (6.3 | ) | $ | 0.2 | $ | (16.7 | ) | $ | (12.7 | ) | |||||||
Reconciliation of loss from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (6.0 | ) | $ | 16.1 | $ | (6.3 | ) | $ | 0.2 | $ | (16.7 | ) | $ | (12.7 | ) | |||||||
Income tax benefit | (10.5 | ) | (10.5 | ) | |||||||||||||||||||
Investment income | (7.4 | ) | (7.4 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 20.4 | 20.4 | |||||||||||||||||||||
Depreciation and amortization | 10.3 | 5.1 | 3.2 | 2.9 | 0.7 | 22.2 | |||||||||||||||||
EBITDA from continuing operations | $ | 4.3 | $ | 21.2 | $ | (3.1 | ) | $ | 3.1 | $ | (13.5 | ) | $ | 12.0 | |||||||||
Stock based compensation expense | $ | 0.1 | $ | 0.1 | $ | 0.1 | $ | 1.2 | $ | 1.5 | |||||||||||||
(Gain) loss on sale or impairment of long lived assets | (1.2 | ) | (1.2 | ) | |||||||||||||||||||
Other operating credits and charges, net | (1.6 | ) | (1.6 | ) | |||||||||||||||||||
Other than temporary asset impairment | 0.1 | 0.1 | |||||||||||||||||||||
Early debt extinguishment | 0.2 | 0.2 | |||||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | 4.4 | $ | 21.3 | $ | (3.0 | ) | $ | 3.1 | $ | (14.8 | ) | $ | 11.0 | |||||||||
Quarter Ended September 30, 2008 | |||||||||||||||||||||||
Sales | $ | 183.3 | $ | 117.0 | $ | 63.4 | $ | 25.9 | $ | — | $ | 389.6 | |||||||||||
Depreciation and amortization | 13.3 | 5.2 | 4.4 | 2.6 | 1.5 | 27.0 | |||||||||||||||||
Cost of sales and selling and administrative | 196.0 | 107.2 | 70.3 | 24.1 | 21.2 | 418.8 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | 9.8 | 9.8 | |||||||||||||||||||||
Other operating credits and charges, net | 1.6 | 1.6 | |||||||||||||||||||||
Total operating costs | 209.3 | 112.4 | 74.7 | 26.7 | 34.1 | 457.2 | |||||||||||||||||
Loss from operations | (26.0 | ) | 4.6 | (11.3 | ) | (0.8 | ) | (34.1 | ) | (67.6 | ) | ||||||||||||
Total non-operating income (expense) | (90.7 | ) | (90.7 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (26.0 | ) | 4.6 | (11.3 | ) | (0.8 | ) | (124.8 | ) | (158.3 | ) | ||||||||||||
Provision (benefit) for income taxes | (61.0 | ) | (61.0 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 1.7 | (0.3 | ) | 1.7 | — | 3.1 | |||||||||||||||||
Income (loss) from continuing operations | $ | (27.7 | ) | $ | 4.6 | $ | (11.0 | ) | $ | (2.5 | ) | $ | (63.8 | ) | $ | (100.4 | ) | ||||||
Reconciliation of loss from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (27.7 | ) | $ | 4.6 | $ | (11.0 | ) | $ | (2.5 | ) | $ | (63.8 | ) | $ | (100.4 | ) | ||||||
Income tax benefit | (61.0 | ) | (61.0 | ) | |||||||||||||||||||
Investment income | (8.1 | ) | (8.1 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 12.4 | 12.4 | |||||||||||||||||||||
Depreciation and amortization | 13.3 | 5.2 | 4.4 | 2.6 | 1.5 | 27.0 | |||||||||||||||||
EBITDA from continuing operations | $ | (14.4 | ) | $ | 9.8 | $ | (6.6 | ) | $ | 0.1 | $ | (119.0 | ) | $ | (130.1 | ) | |||||||
Stock based compensation expense | $ | 0.4 | $ | 0.2 | $ | 0.1 | $ | — | $ | 1.8 | $ | 2.5 | |||||||||||
(Gain) loss on sale or impairment of long lived assets | 9.8 | 9.8 | |||||||||||||||||||||
Other operating credits and charges, net | 1.6 | 1.6 | |||||||||||||||||||||
Other than temporary asset impairment | 88.7 | 88.7 | |||||||||||||||||||||
Early debt extinguishment | — | — | |||||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | (14.0 | ) | $ | 10.0 | $ | (6.5 | ) | $ | 0.1 | $ | (17.1 | ) | $ | (27.5 | ) | |||||||
(Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
Nine months Ended September 30, 2009 | |||||||||||||||||||||||
Sales | $ | 292.5 | $ | 287.7 | $ | 113.6 | $ | 85.8 | $ | — | $ | 779.6 | |||||||||||
Depreciation and amortization | 26.3 | 14.1 | 9.1 | 8.0 | 2.7 | 60.2 | |||||||||||||||||
Cost of sales and selling and administrative | 308.3 | 248.8 | 128.2 | 73.6 | 52.7 | 811.6 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | (2.1 | ) | (2.1 | ) | |||||||||||||||||||
Other operating credits and charges, net | (7.3 | ) | (7.3 | ) | |||||||||||||||||||
Total operating costs | 334.6 | 262.9 | 137.3 | 81.6 | 46.0 | 862.4 | |||||||||||||||||
Income (loss) from operations | (42.1 | ) | 24.8 | (23.7 | ) | 4.2 | (46.0 | ) | (82.8 | ) | |||||||||||||
Total non-operating income (expense) | (24.3 | ) | (24.3 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (42.1 | ) | 24.8 | (23.7 | ) | 4.2 | (70.3 | ) | (107.1 | ) | |||||||||||||
Provision (benefit) for income taxes | (45.7 | ) | (45.7 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 6.5 | 0.4 | 1.9 | 8.8 | |||||||||||||||||||
Income (loss) from continuing operations | $ | (48.6 | ) | $ | 24.8 | $ | (24.1 | ) | $ | 2.3 | $ | (24.6 | ) | $ | (70.2 | ) | |||||||
Reconciliation of loss from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (48.6 | ) | $ | 24.8 | $ | (24.1 | ) | $ | 2.3 | $ | (24.6 | ) | (70.2 | ) | ||||||||
Income tax expense | (45.7 | ) | (45.7 | ) | |||||||||||||||||||
Investment income | (20.1 | ) | (20.1 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 53.3 | 53.3 | |||||||||||||||||||||
Depreciation and amortization | 26.3 | 14.1 | 9.1 | 8.0 | 2.7 | 60.2 | |||||||||||||||||
EBITDA from continuing operations | $ | (22.3 | ) | $ | 38.9 | $ | (15.0 | ) | $ | 10.3 | $ | (34.4 | ) | $ | (22.5 | ) | |||||||
Stock based compensation expense | $ | 0.5 | $ | 0.4 | $ | 0.4 | $ | — | $ | 4.1 | $ | 5.5 | |||||||||||
(Gain) loss on sale or impairment of long lived assets | (2.1 | ) | (2.1 | ) | |||||||||||||||||||
Other operating credits and charges, net | (7.3 | ) | (7.3 | ) | |||||||||||||||||||
Other than temporary asset impairment | 1.8 | 1.8 | |||||||||||||||||||||
Early debt extinguishment | (0.4 | ) | (0.4 | ) | |||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | (21.8 | ) | $ | 39.3 | $ | (14.6 | ) | $ | 10.3 | $ | (38.3 | ) | $ | (25.0 | ) | |||||||
Nine months Ended September 30, 2008 | |||||||||||||||||||||||
Sales | $ | 512.5 | $ | 347.7 | $ | 189.2 | $ | 76.6 | $ | — | $ | 1,126.0 | |||||||||||
Depreciation and amortization | 40.6 | 16.6 | 11.9 | 7.1 | 4.2 | 80.4 | |||||||||||||||||
Cost of sales and selling and administrative | 587.1 | 317.3 | 205.6 | 71.2 | 64.6 | 1,245.8 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | 9.5 | 9.5 | |||||||||||||||||||||
Other operating credits and charges, net | 67.7 | 67.7 | |||||||||||||||||||||
Total operating costs | 627.7 | 333.9 | 217.5 | 78.3 | 146.0 | 1,403.4 | |||||||||||||||||
Loss from operations | (115.2 | ) | 13.8 | (28.3 | ) | (1.7 | ) | (146.0 | ) | (277.4 | ) | ||||||||||||
Total non-operating income (expense) | (89.4 | ) | (89.4 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (115.2 | ) | 13.8 | (28.3 | ) | (1.7 | ) | (235.4 | ) | (366.8 | ) | ||||||||||||
Provision (benefit) for income taxes | (153.7 | ) | (153.7 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 9.1 | 3.5 | 12.6 | ||||||||||||||||||||
Income (loss) from continuing operations | $ | (124.3 | ) | $ | 13.8 | $ | (28.3 | ) | $ | (5.2 | ) | $ | (81.7 | ) | $ | (225.7 | ) | ||||||
Reconciliation of loss from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (124.3 | ) | $ | 13.8 | $ | (28.3 | ) | $ | (5.2 | ) | $ | (81.7 | ) | (225.7 | ) | |||||||
Income tax expense | (153.7 | ) | (153.7 | ) | |||||||||||||||||||
Investment income | (31.5 | ) | (31.5 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 36.3 | 36.3 | |||||||||||||||||||||
Depreciation and amortization | 40.6 | 16.6 | 11.9 | 7.1 | 4.2 | 80.4 | |||||||||||||||||
EBITDA from continuing operations | $ | (83.7 | ) | $ | 30.4 | $ | (16.4 | ) | $ | 1.9 | $ | (226.4 | ) | $ | (294.2 | ) | |||||||
Stock based compensation expense | $ | 1.0 | $ | 0.5 | $ | 0.5 | $ | — | $ | 5.3 | $ | 7.3 | |||||||||||
(Gain) loss on sale or impairment of long lived assets | 9.5 | 9.5 | |||||||||||||||||||||
Other operating credits and charges, net | 67.7 | 67.7 | |||||||||||||||||||||
Other than temporary asset impairment | 91.2 | 91.2 | |||||||||||||||||||||
Early debt extinguishment | — | — | |||||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | (82.7 | ) | $ | 30.9 | $ | (15.9 | ) | $ | 1.9 | $ | (52.7 | ) | $ | (118.5 | ) | |||||||