| In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Real Estate | 21.7 | 8.8 | 26.7 | 23.4 | 26.0 | 22.4 | 14.8 | 8.6 |
| Fee Timber | | | | | 52.5 | 65.8 | 56.6 | 46.0 |
| Other | 88.2 | 94.7 | 73.1 | 57.0 | | | | |
| Total revenues | 109.9 | 103.6 | 99.8 | 80.4 | 78.0 | 87.5 | 70.7 | 54.0 |
| Revenue growth [+] | 6.1% | 3.7% | 24.1% | 3.1% | -10.8% | 23.7% | 30.8% | -5.6% |
| Real Estate | 146.9% | -67.1% | 14.2% | -10.0% | 16.2% | 51.3% | 72.6% | 86.7% |
| Fee Timber | | | | | -20.2% | 16.2% | 23.0% | -13.4% |
| Cost of goods sold | 79.2 | 58.1 | 58.0 | 47.3 | 46.6 | 48.1 | 39.6 | 30.8 |
| Gross profit | 30.7 | 45.5 | 41.8 | 33.2 | 31.4 | 39.4 | 31.1 | 23.2 |
| Gross margin | 28.0% | 43.9% | 41.9% | 41.2% | 40.3% | 45.0% | 43.9% | 43.0% |
| Selling, general and administrative [+] | 12.1 | 7.2 | 5.7 | 5.1 | 5.0 | | | 4.2 |
| General and administrative | | | | | 5.0 | 0.0 | 0.0 | 4.2 |
| Equity in earnings | | | | | | | | |
| Other operating expenses | 22.6 | 25.6 | 6.0 | 22.5 | 15.8 | 3.9 | 18.1 | |
| EBITDA [+] | 27.9 | 40.4 | 49.8 | 19.0 | 21.3 | 48.5 | 24.8 | 6.3 |
| EBITDA growth | -30.8% | -18.9% | 162.0% | -10.9% | -56.0% | 95.2% | 296.4% | -45.7% |
| EBITDA margin | 25.4% | 39.0% | 49.9% | 23.6% | 27.3% | 55.4% | 35.1% | 11.6% |
| Depreciation and amortization | 31.9 | 27.7 | 19.7 | 13.4 | 10.6 | 13.0 | 11.9 | 11.3 |
| EBIT [+] | -4.0 | 12.6 | 30.1 | 5.6 | 10.7 | 35.5 | 12.9 | -5.0 |
| EBIT growth | -131.6% | -58.0% | 434.6% | -47.4% | -69.9% | 174.2% | -359.5% | -145.9% |
| EBIT margin | -3.6% | 12.2% | 30.1% | 7.0% | 13.7% | 40.5% | 18.3% | -9.2% |
| Interest expense, net [+] | 5.8 | 4.9 | 4.5 | 3.4 | 3.8 | 3.5 | 2.3 | 2.1 |
| Interest expense | 5.8 | 4.9 | 4.5 | 3.4 | 3.9 | 3.5 | 2.4 | 2.1 |
| Interest income | | | | | 0.0 | 0.0 | 0.0 | 0.0 |
| Other income (expense), net [+] | | | | | 0.9 | 0.9 | 0.8 | 0.6 |
| Gain (loss) on sale of assets | | | | | -1.1 | | | |
| Environmental remediation expense | -1.6 | -5.6 | | -7.7 | | -10.0 | | -12.5 |
| Pre-tax income | -9.8 | 7.7 | 25.6 | 2.2 | 7.7 | 32.9 | 11.4 | -6.4 |
| Income taxes | 0.2 | 0.1 | 1.2 | 0.3 | 0.2 | 1.0 | -0.3 | 0.4 |
| Tax rate | | 1.3% | 4.6% | 11.4% | 2.7% | 3.0% | | |
| Minority interest | | | | | | 19.5 | -1.4 | -2.1 |
| Net income | 2.4 | 6.7 | 17.6 | 5.9 | 10.8 | 12.2 | 13.1 | -4.6 |
| Net margin | 2.2% | 6.5% | 17.7% | 7.3% | 13.8% | 14.0% | 18.6% | -8.6% |
| |
| Basic EPS [+] | $0.56 | $1.56 | $4.08 | $1.36 | $2.51 | $2.81 | $3.01 | ($1.07) |
| Growth | -64.3% | -61.8% | 200.4% | -45.9% | -10.7% | -6.4% | -381.7% | -153.4% |
| Diluted EPS [+] | $0.56 | $1.56 | $4.08 | $1.36 | $2.51 | $2.81 | $3.01 | ($1.07) |
| Growth | -64.3% | -61.8% | 200.4% | -45.9% | -10.7% | -6.4% | -381.7% | -153.5% |
| |
| Dividends per share [+] | $4.03 | $3.23 | $2.83 | $2.82 | $2.72 | $2.54 | $2.03 | $1.73 |
| Growth | 24.9% | 14.3% | 0.1% | 3.6% | 7.4% | 24.7% | 17.8% | 41.9% |
| |
| Shares outstanding (basic) [+] | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.4 | 4.4 | 4.4 |
| Growth | 0.1% | -0.1% | 0.2% | 0.3% | -1.3% | -0.4% | 0.4% | 0.6% |
| Shares outstanding (diluted) [+] | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.4 | 4.4 | 4.4 |
| Growth | 0.1% | -0.1% | 0.2% | 0.3% | -1.3% | -0.4% | 0.4% | 0.6% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |