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Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax $ (0.0) $ (0.0) $ (1.0) $ 0.0
Revenues 588.0 811.0 1,170.0 1,502.0
Cost of sales 510.0 550.0 1,011.0 1,065.0
Gross Profit 78.0 261.0 159.0 437.0
Selling, general and administrative expenses 58.0 50.0 114.0 101.0
(Gain) loss on sale or impairment of long lived assets, net 0.0 0.0 1.0 (1.0)
Other Operating Charges And Credits, Net (3.0) (5.0) (1.0) (5.0)
Income from operations 23.0 215.0 45.0 342.0
Non-operating income (expense):        
Interest expense, net (2.0) 0.0 (1.0) (1.0)
Other non-operating items (2.0) (1.0) 9.0 (2.0)
Income from continuing operations before taxes 19.0 215.0 52.0 339.0
Provision for income taxes 3.0 51.0 11.0 81.0
Equity in loss of unconsolidated affiliates 0.0 1.0 0.0 1.0
Income from continuing operations 15.0 163.0 42.0 258.0
Loss from discontinued operations before taxes 0.0 (0.0) 0.0 (6.0)
Benefit for income taxes 0.0 (0.0) 0.0 (1.0)
Loss from discontinued operations 0.0 (0.0) 0.0 (4.0)
Net income 16.0 163.0 42.0 254.0
Less: Net loss attributed to non-controlling interest (2.0) 0.0 (2.0) 0.0
Net income attributed to Louisiana-Pacific Corporation 17.0 163.0 44.0 254.0
Income from continuing operations attributed to LP 17.0 163.0 44.0 258.0
Income from discontinued operations, net of tax, attributed to LP $ 0.0 $ (0.0) $ (0.0) $ (4.0)
Net income per share of common stock:        
Income per share continuing operations $ 0.14 $ 1.13 $ 0.34 $ 1.78
Loss per share discontinued operations 0 0 0 (0.03)
Net income per share - basic 0.14 1.13 0.34 1.75
Diluted net income per share of common stock        
Income per share continuing operations 0.14 1.11 0.34 1.76
Loss per share discontinued operations 0 0 0 (0.03)
Net income per share - diluted $ 0.14 $ 1.11 $ 0.34 $ 1.73
Basic 123,400,000 144,600,000 126,900,000 144,700,000
Weighted average shares of stock outstanding - diluted 124,300,000 146,200,000 127,900,000 146,400,000