Tembec Acquisition (Tables)

12 Months Ended

Dec. 31, 2019

Business Acquisition, Pro Forma Information

The following presents the unaudited pro forma consolidated financial information of the Company as if the acquisition of Tembec was completed on January 1, 2017. The unaudited pro forma financial information includes adjustments for the pro forma year ended December 31, 2017 for (i) depreciation on acquired property, plant and equipment of $15 million; (ii) amortization of intangible assets recorded at the date of the transactions of $7 million; (iii) the elimination of acquisition related costs of $49 million and the fair value write-up of inventory of $23 million; (iv) the elimination of interest expense related to Tembec debt that was paid off, net of interest expense associated with financing the acquisition of $38 million; (v) the elimination of the gain on bargain purchase and (vi) total weighted average shares outstanding related to the acquisition. This information is presented for informational purposes only and does not purport to be indicative of the results of future operations or the results that would have occurred had the transaction taken place on January 1, 2017.



	Year Ended December 31, 2017
Unaudited pro forma net revenue (includes the results of the Matane mill)	$	2,122,000
Unaudited pro forma net income attributable to the Company	$	111,000
Unaudited pro forma basic net income per share	$	1.92
Unaudited pro forma diluted net income per share	$	1.76