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(In millions, except per-share data, rations and shareholders)* | 2006 | 2005 | ||||
| Sales | $ | 3,529.8 | $ | 3,483.8 | |||
| Operating income (1) | $ | 41.2 | $ | 98.8 | |||
| Net loss | $ | (138.3 | ) | $ | (120.6 | ) | |
| Diluted loss per common share | $ | (2.41 | ) | $ | (2.10 | ) | |
| Average diluted shares outstanding | $ | 57.4 | $ | 57.4 | |||
| Dividends declared per common share | $ | 0.80 | $ | 0.80 | |||
| Total assets | $ | 4,645.9 | $ | 5,152.4 | |||
| Total shareholders’ equity (2) | $ | 832.6 | $ | 1,215.5 | |||
| Percent return on average common equity (1) | $ | (13.5 | )% | $ | (8.9 | )% | |
| Total debt | $ | 2,266.5 | $ | 2,477.2 | |||
| Current ratio (3) | 2.15 | 1.74 | |||||
| Capital expenditures, including timberlands | $ | 199.1 | $ | 167.4 | |||
| Shareholders of record (common stock and exchangeable shares) |
3,400 | 3,600 | |||||
| Common stock price range | $ | 31.99 - 19.61 | |
$ | 44.40 - 24.73 | |
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| * | All amounts are in U.S. dollars. |
| (1) | Operating income includes net gain on sale of assets of $185.7 and $65.8 million for 2006 and 2005, respectively, goodwill impairment charges of $200 million in 2006, and asset impairment charges of $48.5 and $82.6 million in 2006 and 2005, respectively. |
| (2) | Total shareholders’ equity decreased in 2006 when compared to 2005 primarily as a result of our 2006 net loss of $138.3 million as well as the adoption of SFAS 158, as described in our 2006 Form 10-K, which reduced our shareholders’ equity by $256.3 million. |
| (3) |
Current ratio equals total current assets divided by total current liabilities. |