International Paper 2012 Annual Report Download - page 115

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INTERIM FINANCIAL RESULTS (UNAUDITED)
In millions, except per share amounts and stock prices
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter Year
2012
Net sales $ 6,655 $ 7,077 $ 7,026 $ 7,075 $27,833
Gross margin (a) 1,671 1,807 1,886 1,882 7,246
Earnings (loss) from continuing operations
before income taxes and equity earnings 213(b) 204(c) 320(d) 287(e) 1,024(b-e)
Gain from discontinued operations 5 16 14 10 45
Net earnings (loss) attributable to
International Paper Company 188(b) 134(c) 237(d) 235(e,f) 794(b-f)
Basic earnings (loss) per share attributable
to International Paper Company common
shareholders:
Earnings (loss) from continuing operations $ 0.42(b) $ 0.27(c) $ 0.51(d) $ 0.52(e) $ 1.72(b-e)
Gain from discontinued operations 0.01 0.04 0.03 0.02 0.10
Net earnings (loss) 0.43(b) 0.31(c) 0.54(d) 0.54(e,f) 1.82(b-f)
Diluted earnings (loss) per share
attributable to International Paper
Company common shareholders:
Earnings (loss) from continuing operations 0.42(b) 0.27(c) 0.51(d) 0.51(e) 1.70(b-e)
Gain from discontinued operations 0.01 0.04 0.03 0.02 0.10
Net earnings (loss) 0.43(b) 0.31(c) 0.54(d) 0.53(e,f) 1.80(b-f)
Dividends per share of common stock 0.2625 0.2625 0.2625 0.3000 1.0875
Common stock prices
High $ 36.50 $ 35.59 $ 37.25 $ 39.88 $ 39.88
Low 29.45 27.29 28.29 32.95 27.29
2011
Net sales $ 6,387 $ 6,648 $ 6,632 $ 6,367 $26,034
Gross margin (a) 1,762 1,768 1,839 1,705 7,074
Earnings (loss) from continuing operations
before income taxes and equity earnings 368(g) 293(j) 381(k) 416(m) 1,458(g,j,k,m)
Gain from discontinued operations 49(h) ———49(h)
Net earnings (loss) attributable to
International Paper Company 354(g-i) 219(j) 468(k,l) 281(m,n) 1,322(g-n)
Basic earnings (loss) per share attributable
to International Paper Company common
shareholders:
Earnings (loss) from continuing operations $ 0.71(g,i) $ 0.51(j) $ 1.08(k,l) $ 0.65(m,n) $ 2.95(g,i,j,k,l,m,n)
Gain from discontinued operations 0.11(h) — — — 0.11(h)
Net earnings (loss) 0.82(g-i) 0.51(j) 1.08(k,l) 0.65(m,n) 3.06(g-n)
Diluted earnings (loss) per share
attributable to International Paper
Company common shareholders:
Earnings (loss) from continuing operations 0.70(g,i) 0.51(j) 1.08(k,l) 0.65(m,n) 2.92(g,i,j,k,l,m,n)
Gain from discontinued operations 0.11(h) — — — 0.11(h)
Net earnings (loss) 0.81(g-i) 0.51(j) 1.08(k,l) 0.65(m,n) 3.03(g-n)
Dividends per share of common stock 0.1875 0.2625 0.2625 0.2625 0.9750
Common stock prices
High $ 30.44 $ 33.01 $ 31.57 $ 29.85 $ 33.01
Low 24.88 26.25 22.90 21.55 21.55
Note: Since basic and diluted earnings per share are computed
independently for each period and category, full year per share
amounts may not equal the sum of the four quarters.
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