LOUISIANA-PACIFIC CORP (LPX) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Siding	1,170.0	959.0	917.0	905.0	884.0	752.3	636.4	617.3
OSB	2,387.0	1,220.0	777.0	1,305.0	1,303.0	1,027.7	807.5	855.2
Canada	915.0	643.0	653.0	861.0	704.0	682.0	491.0	580.0
South America	291.0	185.0	178.0	174.0	165.0	137.0	135.0	150.4
Total revenues	4,553.0	2,788.0	2,310.0	2,828.0	2,734.0	2,233.4	1,892.5	1,934.8
Revenue growth [+]	63.3%	20.7%	-18.3%	3.4%	22.4%	18.0%	-2.2%	-7.2%
Siding	22.0%	4.6%	1.3%	2.4%	17.5%	18.2%	3.1%	7.6%
OSB	95.7%	57.0%	-40.5%	0.2%	26.8%	27.3%	-5.6%	-19.9%
Canada	42.3%	-1.5%	-24.2%	22.3%	3.2%	38.9%	-15.3%	91.4%
South America	57.3%	3.9%	2.3%	5.5%	20.4%	1.5%	-10.2%	-12.6%
Other	82.7%	-21.2%	37.5%	300.0%	-55.4%	-7.2%	-11.6%	7.2%
Cost of goods sold	2,482.0	1,920.0	2,007.0	2,084.0	1,998.0	1,829.1	1,682.7	1,757.8
Gross profit	2,071.0	868.0	303.0	744.0	736.0	404.3	209.8	177.0
Gross margin	45.5%	31.1%	13.1%	26.3%	26.9%	18.1%	11.1%	9.1%
Selling, general and administrative	241.0	211.0	230.0	209.0	191.0	185.1	152.8	149.5
Equity in earnings	4.0	1.0		-3.0		-5.2	-6.7	4.4
Other operating expenses		5.0	1.0	-2.0	3.0	17.4	18.4	4.4
EBITDA [+]	1,953.0	764.0	195.0	654.0	665.0	309.4	31.9	27.5
EBITDA growth	155.6%	291.8%	-70.2%	-1.7%	114.9%	869.9%	16.0%	-90.3%
EBITDA margin	42.9%	27.4%	8.4%	23.1%	24.3%	13.9%	1.7%	1.4%
Depreciation	113.0	106.0	123.0	116.0	120.0	112.8	101.9	100.7
EBITA	1,840.0	658.0	72.0	538.0	545.0	196.6	-70.0	-73.2
EBITA margin	40.4%	23.6%	3.1%	19.0%	19.9%	8.8%	-3.7%	-3.8%
Amortization of intangibles	6.0	5.0		4.0	3.0
EBIT [+]	1,834.0	653.0	72.0	534.0	542.0	196.6	-70.0	-73.2
EBIT growth	180.9%	806.9%	-86.5%	-1.5%	175.7%	-380.9%	-4.4%	-138.3%
EBIT margin	40.3%	23.4%	3.1%	18.9%	19.8%	8.8%	-3.7%	-3.8%
Non-recurring items [+]	6.0	16.0	92.0	11.0	9.0	-8.4
Asset impairment	6.0	16.0	92.0	11.0	9.0	-8.4
Interest expense, net [+]	-1.0	-4.0	-10.0	-18.0	-9.0	23.9	26.8	24.3
Interest expense	15.0	17.0	18.0	19.0	20.0	32.1	31.2	29.8
Interest income	1.0	4.0	10.0	18.0	9.0	8.2	4.4	5.5
Other income (expense), net [+]	-15.0	-3.0	5.0	-1.0	-12.0	-11.0	8.1	-3.1
Other	-16.0		6.0	-4.0	-14.0	-21.4	-5.3	-3.1
Pre-tax income	1,799.0	621.0	-23.0	521.0	510.0	170.1	-88.7	-100.6
Income taxes	426.0	-125.0	-13.0	122.0	119.0	19.8	-2.7	-27.2
Tax rate	23.7%		56.5%	23.4%	23.3%	11.6%	3.0%	27.0%
Minority interest	-4.0	-2.0	-5.0
Earnings from continuing ops	1,377.0	499.0	-5.0	798.0	391.0	150.8	-83.9	-71.4
Earnings from discontinued ops				-4.0	-1.0	-0.5	-2.1	-2.0
Net income	1,377.0	499.0	-5.0	794.0	390.0	150.3	-86.0	-73.4
Net margin	30.2%	17.9%	-0.2%	28.1%	14.3%	6.7%	-4.5%	-3.8%

Basic EPS [+]	$14.20	$4.50	($0.04)	$5.58	$2.72	$1.05	($0.59)	($0.51)
Growth	215.8%	-11158.9%	-100.7%	105.5%	158.2%	-278.5%	16.4%	-119.9%
Diluted EPS [+]	$14.05	$4.46	($0.04)	$5.54	$2.68	$1.04	($0.59)	($0.51)
Growth	215.4%	-11060.2%	-100.7%	106.9%	158.0%	-276.2%	16.4%	-120.6%

Shares outstanding (basic) [+]	97.0	111.0	123.0	143.0	144.0	143.4	142.4	141.1
Growth	-12.6%	-9.8%	-14.0%	-0.7%	0.4%	0.7%	0.9%	1.1%
Shares outstanding (diluted) [+]	98.0	112.0	123.0	144.0	146.0	145.3	142.4	141.1
Growth	-12.5%	-8.9%	-14.6%	-1.4%	0.5%	2.0%	0.9%	-2.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.