|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | As reported Quarter Ended September 30, 2012 | | As Adjusted Quarter Ended September 30, 2012 | | As reported Quarter Ended June 30, 2012 | | As adjusted Quarter Ended June 30, 2012 | | As reported Quarter Ended September 30, 2011 | | As adjusted Quarter Ended September 30, 2011 |
| | Adjustments | Adjustments | | Adjustments |
| Net sales | $ | 467.8 |
| | $ | 467.8 |
| | $ | 427.8 |
| | $ | 427.8 |
| | $ | 350.6 |
| | $ | 350.6 |
|
| Operating costs and expenses: | | | | | | | | | | | |
| Cost of sales | 369.3 |
| | 369.3 |
| | 359.9 |
| | 359.9 |
| | 322.0 |
| | 322.0 |
|
| Depreciation and amortization | 18.9 |
| | 18.9 |
| | 17.9 |
| | 17.9 |
| | 19.6 |
| | 19.6 |
|
| Selling and administrative | 30.6 |
| | 30.6 |
| | 30.7 |
| | 30.7 |
| | 26.5 |
| | 26.5 |
|
| Loss on sale or impairment of long-lived assets, net | 4.3 |
| (4.3 | ) | — |
| | 0.1 |
| (0.1 | ) | — |
| | 65.0 |
| (65.0 | ) | — |
|
| Other operating credits and charges, net | 1.2 |
| (1.2 | ) | — |
| | 0.2 |
| (0.2 | ) | — |
| | (9.8 | ) | 9.8 |
| — |
|
| Total operating costs and expenses | 424.3 |
| | 418.8 |
| | 408.8 |
| | 408.5 |
| | 423.3 |
| | 368.1 |
|
| Income (loss) from operations | 43.5 |
| | 49.0 |
| | 19.0 |
| | 19.3 |
| | (72.7 | ) | | (17.5 | ) |
| Non-operating income (expense): | | | | | | | | | | | |
| Interest expense, net of capitalized interest | (10.7 | ) | | (10.7 | ) | | (13.1 | ) | — |
| (13.1 | ) | | (14.2 | ) | | (14.2 | ) |
| Investment income | 4.1 |
| | 4.1 |
| | 3.4 |
| | 3.4 |
| | 16.7 |
| (15.2 | ) | 1.5 |
|
| Early debt extinguishment | — |
| — |
| — |
| | (52.2 | ) | 52.2 |
| — |
| | — |
| | — |
|
| Other non-operating items | 0.4 |
| | 0.4 |
| | (2.6 | ) | | (2.6 | ) | | (4.0 | ) | | (4.0 | ) |
| Total non-operating expense | (6.2 | ) | | (6.2 | ) | | (64.5 | ) | | (12.3 | ) | | (1.5 | ) | | (16.7 | ) |
| Income (loss) from continuing operations before taxes and equity in income (losses) of unconsolidated affiliates | 37.3 |
| | 42.8 |
| | (45.5 | ) | | 7.0 |
| | (74.2 | ) | | (34.2 | ) |
| Provision (benefit) for income taxes | 7.9 |
| (7.9 | ) | — |
| | (11.1 | ) | 11.1 |
| — |
| | (20.9 | ) | 20.9 |
| — |
|
| "Normalized" tax rate @ 35% | — |
| 15.7 |
| 15.7 |
| | — |
| 1.4 |
| 1.4 |
| | — |
| (14.1 | ) | (14.1 | ) |
| Equity in (income) loss of unconsolidated affiliates | (2.0 | ) | | (2.0 | ) | | 2.8 |
| | 2.8 |
| | 6.0 |
| | 6.0 |
|
| Income (loss) from continuing operations | 31.4 |
| | 29.1 |
| | (37.2 | ) | | 2.8 |
| | (59.3 | ) | | (26.1 | ) |
| Loss from discontinued operations before taxes | (0.2 | ) | | (0.2 | ) | | (0.1 | ) | | (0.1 | ) | | (10.3 | ) | | (10.3 | ) |
| Benefit for income taxes | (0.1 | ) | | (0.1 | ) | | — |
| | — |
| | (4.0 | ) | | (4.0 | ) |
| Loss from discontinued operations | (0.1 | ) | | (0.1 | ) | | (0.1 | ) | | (0.1 | ) | | (6.3 | ) | | (6.3 | ) |
| Net income (loss) | 31.3 |
| | 29.0 |
| | (37.3 | ) | | 2.7 |
| | (65.6 | ) | | (32.4 | ) |
| Less: Net income attributed to non-controlling interest | — |
| | — |
| | — |
| | — |
| | — |
| | — |
|
| Income (loss) attributed to Louisiana-Pacific Corporation | $ | 31.3 |
| | $ | 29.0 |
| | $ | (37.3 | ) | | $ | 2.7 |
| | $ | (65.6 | ) | | $ | (32.4 | ) |
| Income (loss) per share of common stock (basic): | | | | | | | | | | | |
| Income (loss) from continuing operations | $ | 0.23 |
| | $ | 0.21 |
| | $ | (0.27 | ) | | $ | 0.02 |
| | $ | (0.44 | ) | | $ | (0.19 | ) |
| Loss from discontinued operations | — |
| | — |
| | — |
| | — |
| | (0.05 | ) | | (0.05 | ) |
| Net income (loss) per share | $ | 0.23 |
| | $ | 0.21 |
| | $ | (0.27 | ) | | $ | 0.02 |
| | $ | (0.49 | ) | | $ | (0.24 | ) |
| Income (loss) per share of common stock (diluted): | | | | | | | | | | | |
| Income (loss) from continuing operations | $ | 0.22 |
| | $ | 0.20 |
| | $ | (0.27 | ) | | $ | 0.02 |
| | $ | (0.44 | ) | | $ | (0.19 | ) |
| Loss from discontinued operations | — |
| | — |
| | — |
| | — |
| | (0.05 | ) | | (0.05 | ) |
| Net income (loss) per share | $ | 0.22 |
| | $ | 0.20 |
| | $ | (0.27 | ) | | $ | 0.02 |
| | $ | (0.49 | ) | | $ | (0.24 | ) |
| | | | | | | | | | | | |
| Average shares of stock outstanding - basic | 137.1 |
| | 137.1 |
| | 137.0 |
| | 137.0 |
| | 134.5 |
| | 134.5 |
|
| Average shares of stock outstanding - diluted | 142.6 |
| | 142.6 |
| | 137.0 |
| | 137.0 |
| | 134.5 |
| | 134.5 |
|
| Amounts attributed to LP Corporation common shareholders | | | | | | | | | | | |
| Income (loss) from continuing operations, net of tax | $ | 31.4 |
| | $ | 29.1 |
| | $ | (37.2 | ) | | $ | 2.8 |
| | $ | (59.3 | ) | | $ | (26.1 | ) |
| Loss from discontinued operations, net of tax | (0.1 | ) | | (0.1 | ) | | (0.1 | ) | | (0.1 | ) | | (6.3 | ) | | (6.3 | ) |
| | $ | 31.3 |
| | $ | 29.0 |
| | $ | (37.3 | ) | | $ | 2.7 |
| | $ | (65.6 | ) | | $ | (32.4 | ) |
