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Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues $ 603.0 $ 737.0 $ 1,773.0 $ 2,239.0
Cost of sales 529.0 524.0 1,540.0 1,589.0
Gross Profit 75.0 213.0 233.0 650.0
Selling, general and administrative expenses 58.0 51.0 172.0 152.0
(Gain) loss on sale or impairment of long lived assets, net 5.0 0.0 6.0 0.0
Other Operating Charges And Credits, Net 3.0 (6.0) 2.0 (11.0)
Income from operations 8.0 168.0 53.0 510.0
Non-operating income (expense):        
Interest expense, net (4.0) 2.0 (5.0) 1.0
Other non-operating items (1.0) (2.0) 8.0 (4.0)
Income from continuing operations before taxes 3.0 167.0 56.0 506.0
Provision for income taxes 3.0 42.0 13.0 123.0
Equity in loss of unconsolidated affiliates (0.0) 1.0 (0.0) 2.0
Income from continuing operations 1.0 124.0 43.0 382.0
Loss from discontinued operations (0.0) (0.0) (0.0) (4.0)
Net income 1.0 124.0 42.0 378.0
Less: Net loss attributed to non-controlling interest (1.0) 0.0 (3.0) 0.0
Net income attributed to Louisiana-Pacific Corporation 2.0 124.0 46.0 378.0
Income from continuing operations attributed to LP 2.0 124.0 46.0 382.0
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 $ 0.02 $ 0.87 $ 0.37 $ 2.65
Loss per share discontinued operations 0 0 0 (0.03)
Net income per share - basic 0.02 0.87 0.37 2.62
Diluted net income per share of common stock        
Income per share continuing operations 0.02 0.86 0.36 2.62
Loss per share discontinued operations 0 0 0 (0.03)
Net income per share - diluted $ 0.02 $ 0.86 $ 0.36 $ 2.59
Basic 121,400,000 142,500,000 125,100,000 143,900,000
Weighted average shares of stock outstanding - diluted 122,200,000 143,900,000 125,900,000 145,600,000