Company: LPX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000060519-25-000005
Chunk: 70

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 70
---
, 2025

We have served as the Company’s auditor since 1997.

46

Consolidated Statements of Income

Dollar amounts in millions, except per share

 Year Ended December 31, 202420232022Net sales$2,941 $2,581 $3,854 Cost of sales(2,110)(1,988)(2,355)Gross profit832 593 1,498 Selling, general, and administrative expenses(291)(257)(264)Loss on impairments(5)(30)(1)Other operating credits and charges, net(4)(19)16 Income from operations530 287 1,250 Interest expense(14)(14)(11)Investment income22 18 14 Other non-operating items (expense)9 (43)(97)Income before income taxes 547 248 1,155 Provision for income taxes(140)(74)(274)Equity in unconsolidated affiliate13 3 4 Income from continuing operations420 178 885 Income from discontinued operations, net of income taxes— — 198 Net income $420 $178 $1,083 Net loss attributed to noncontrolling interest— — 3 Net income attributed to LP$420 $178 $1,086 Net income attributed to LP per share of common stock:Income per share continuing operations - basic$5.91 $2.47 $11.40 Income per share discontinued operations - basic— — 2.54 Net income per share - basic$5.91 $2.47 $13.94 Income per share continuing operations - diluted$5.89 $2.46 $11.34 Income per share discontinued operations - diluted— — 2.52 Net income per share - diluted$5.89 $2.46 $13.87 Average shares of common stock used to compute net income per share:Basic71 72 78 Diluted71 72 78 

See Notes to the Consolidated Financial Statements.

47

Consolidated Statements of Comprehensive Income

Amounts in millions

 Year Ended December 31, 202420232022Net income$420 $178 $1,083 Other comprehensive income, net of taxForeign currency translation adjustments(33)6 2 Changes in defined benefit