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(In millions, except per-share amounts)
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2000
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Sales
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$
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2,500.3
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$
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2,311.7
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Operating income (1)
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363.3
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244.0
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Net income
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159.4
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78.7
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Diluted earnings per common share
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$
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3.02
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$
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1.41
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Average common and common equivalent
shares outstanding
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52.8
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55.0
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Dividends declared per common share
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$
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0.80
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$
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0.80
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Total assets
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5,004.1
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4,552.2
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Total shareholders' equity
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$
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1,797.1
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$
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1,770.8
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Percent return on average common equity
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8.9%
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4.5%
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Total debt
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$
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1,931.1
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$
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1,505.1
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Total debt as a percentage of total
capitalization (2)
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48.6%
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42.1%
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Current ratio
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0.65x
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1.34x
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Capital expenditures, including timberlands
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$
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283.2
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$
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198.5
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Registered shareholders
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4,900
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5,200
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Common stock price range
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$
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42.06-59.00
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$
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37.13-59.94
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1)
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Operating income includes net gain on sale of assets of $7.3 million for 2000. In 1999, operating income includes net gain on sale of assets of $225.4 million and impairment charges of $92.0 million.
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2)
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This ratio excludes the revaluation of debt assumed through acquisitions totaling $113.2 million and $128.6 million for 2000 and 1999, respectively.
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