Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - INTERNATIONAL PAPER CO /NEW/ | ip-6302014xform10xq.htm |
| EXCEL - IDEA: XBRL DOCUMENT - INTERNATIONAL PAPER CO /NEW/ | Financial_Report.xls |
| EX-31.2 - EXHIBIT 31.2 - INTERNATIONAL PAPER CO /NEW/ | ip-20140630exhibit312certi.htm |
| EX-31.1 - EXHIBIT 31.1 - INTERNATIONAL PAPER CO /NEW/ | ip-20140630exhibit311certi.htm |
| EX-32 - EXHIBIT 32 - INTERNATIONAL PAPER CO /NEW/ | ip-20140630exhibit32certif.htm |
| EX-12 - EXHIBIT 12 - INTERNATIONAL PAPER CO /NEW/ | ip-20140630exhibit12comput.htm |
Exhibit 11
INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||
Earnings (loss) from continuing operations | $ | 164 | $ | 235 | $ | 71 | $ | 527 | |||||||
Discontinued operations | (3 | ) | 24 | (5 | ) | 50 | |||||||||
Net earnings (loss) | 161 | 259 | 66 | 577 | |||||||||||
Effect of dilutive securities | — | — | — | — | |||||||||||
Net earnings - assuming dilution | $ | 161 | $ | 259 | $ | 66 | $ | 577 | |||||||
Average common shares outstanding | 428.9 | 444.9 | 432.2 | 443.2 | |||||||||||
Effect of dilutive securities | |||||||||||||||
Restricted stock performance share plan | 3.1 | 3.3 | 3.6 | 4.3 | |||||||||||
Stock options | 0.1 | 0.3 | 0.1 | 0.4 | |||||||||||
Average common shares outstanding - assuming dilution | 432.1 | 448.5 | 435.9 | 447.9 | |||||||||||
Earnings (loss) per common share from continuing operations | $ | 0.38 | $ | 0.53 | $ | 0.16 | $ | 1.19 | |||||||
Discontinued operations | (0.01 | ) | 0.05 | (0.01 | ) | 0.11 | |||||||||
Net earnings (loss) per common share | $ | 0.37 | $ | 0.58 | $ | 0.15 | $ | 1.30 | |||||||
Earnings (loss) per common share from continuing operations - assuming dilution | $ | 0.38 | $ | 0.52 | $ | 0.16 | $ | 1.18 | |||||||
Discontinued operations | (0.01 | ) | 0.05 | (0.01 | ) | 0.11 | |||||||||
Net earnings (loss) per common share - assuming dilution | $ | 0.37 | $ | 0.57 | $ | 0.15 | $ | 1.29 | |||||||
Note: If an amount does not appear in the above table, the security was antidilutive for the periods presented.
(1) Attributable to International Paper Company common shareholders.