Clearwater Paper Corporation
(NYSE:CLW)

Clearwater Paper Corporation produces and sells private label tissue and bleached paperboard products in the United States and internationally. The company operates through two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-hom...

Website: http://www.clearwaterpaper.com

Founded: 2008

Full Time Employees: 3,290

Sector: Basic Materials

Industry: Paper & Paper Products

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31

net sales	360,300,000	386,400,000	399,000,000	391,800,000	378,200,000	387,100,000	393,300,000	586,400,000	496,200,000	512,900,000	519,900,000	524,600,000	525,400,000	526,800,000	538,800,000	526,400,000	488,200,000	489,800,000	450,500,000	406,400,000	425,900,000	452,800,000	457,400,000	480,500,000	477,900,000	435,540,000	445,188,000	451,993,000	428,779,000	428,707,000	426,460,000	432,099,000	436,952,000	436,716,000	426,504,000	429,663,000	437,525,000	425,568,000	435,320,000	436,671,000	437,204,000	431,595,000	442,222,000	444,558,000	434,026,000	472,318,000	511,142,000	498,759,000	484,920,000	470,159,000	487,845,000	471,002,000	460,824,000	462,701,000	480,233,000	473,572,000	457,798,000	466,391,000	501,125,000	494,627,000	465,830,000	345,557,000	352,927,000	343,860,000	330,621,000	314,980,000	331,484,000	316,905,000	286,700,000
yoy	-4.73%	-0.18%	1.45%	-33.19%	-23.78%	-24.53%	-24.35%	11.78%	-5.56%	-2.64%	-3.51%	-0.34%	7.62%	7.55%	19.60%	29.53%	14.63%	8.17%	-1.51%	-15.42%	-10.88%	3.96%	2.74%	6.31%	11.46%	1.59%	4.39%	4.60%	-1.87%	-1.83%	-0.01%	0.57%	-0.13%	2.62%	-2.03%	-1.60%	0.07%	-1.40%	-1.56%	-1.77%	0.73%	-8.62%	-13.48%	-10.87%	-10.50%	0.46%	4.78%	5.89%	5.23%	1.61%	1.59%	-0.54%	0.66%	-0.79%	-4.17%	-4.26%	-1.72%	34.97%	41.99%	43.85%	40.90%	9.71%	6.47%	8.51%	15.32%
qoq	-6.75%	-3.16%	1.84%	3.60%	-2.30%	-1.58%	-32.93%	18.18%	-3.26%	-1.35%	-0.90%	-0.15%	-0.27%	-2.23%	2.36%	7.82%	-0.33%	8.72%	10.85%	-4.58%	-5.94%	-1.01%	-4.81%	0.54%	9.73%	-2.17%	-1.51%	5.41%	0.02%	0.53%	-1.31%	-1.11%	0.05%	2.39%	-0.74%	-1.80%	2.81%	-2.24%	-0.31%	-0.12%	1.30%	-2.40%	-0.53%	2.43%	-8.11%	-7.60%	2.48%	2.85%	3.14%	-3.63%	3.58%	2.21%	-0.41%	-3.65%	1.41%	3.45%	-1.84%	-6.93%	1.31%	6.18%	34.81%	-2.09%	2.64%	4.00%	4.97%	-4.98%	4.60%	10.54%
costs and expenses:
cost of sales	361,200,000	369,200,000	380,300,000	348,800,000	341,500,000	372,400,000	363,200,000	550,800,000	421,600,000	437,400,000	427,400,000	438,700,000	448,500,000	491,400,000	454,800,000	455,200,000	422,000,000	429,100,000	398,200,000	392,200,000	370,600,000	376,100,000	378,600,000	396,700,000	423,000,000	2,809,775,000	-418,704,000	-409,825,000	-384,246,000	-382,204,000	-376,221,000	-387,154,000	-392,433,000	-375,277,000	-386,581,000	-380,733,000	-387,030,000	-368,524,000	-396,605,000	-361,851,000	-368,647,000	-364,778,000	-373,892,000	-384,347,000	-389,832,000	-413,643,000	-434,457,000	-434,111,000	-426,629,000	-401,404,000	-441,237,000	-414,521,000	-414,209,000	-396,428,000	-409,822,000	-398,546,000	-403,076,000	-405,325,000	-448,927,000	-433,358,000	-414,920,000	-2,065,725,000	303,542,000	286,415,000	301,964,000	256,999,000	282,485,000	267,022,000	245,645,000
selling, general and administrative expenses	20,600,000	21,100,000	24,700,000	26,100,000	28,900,000	26,700,000	31,600,000	38,000,000	36,200,000	36,800,000	36,400,000	39,100,000	36,000,000	33,400,000	32,900,000	33,900,000	32,800,000	30,400,000	28,300,000	26,300,000	27,800,000	32,600,000	29,300,000	32,600,000	27,500,000	198,742,000	-28,944,000	-26,827,000	-30,171,000	-27,161,000	-26,283,000	-26,564,000	-32,980,000	-34,785,000	-34,472,000	-29,265,000	-29,937,000	-34,689,000	-29,435,000	-34,655,000	-30,795,000	-31,770,000	-28,284,000	-28,138,000	-28,957,000	-33,206,000	-31,817,000	-31,565,000	-33,514,000	-30,466,000	-27,766,000	-26,767,000	-34,132,000	-30,793,000	-30,649,000	-30,529,000	-29,074,000	-28,343,000	-26,815,000	-27,476,000	-27,364,000	-159,518,000	20,886,000	20,145,000	18,093,000	18,470,000	18,627,000	18,198,000	15,830,000
other operating charges	-11,100,000	-11,500,000	1,500,000	7,100,000	11,800,000	3,700,000	-300,000		7,900,000	2,900,000	1,800,000		1,100,000	1,200,000	2,200,000	5,700,000	500,000	2,600,000	10,200,000	44,500,000	400,000	2,100,000	300,000	3,000,000	8,600,000
total operating costs and expenses	370,700,000	378,800,000	454,400,000	382,100,000	382,200,000	402,700,000	394,500,000	605,900,000	465,800,000	477,200,000	465,500,000	477,300,000	485,600,000	526,200,000	489,900,000	494,900,000	455,300,000	462,100,000	436,700,000	463,000,000	398,800,000	410,800,000	408,200,000	432,400,000	459,100,000	3,014,817,000	-447,648,000	-436,652,000	-414,417,000	-603,436,000	-379,560,000	-413,718,000	-425,413,000	-410,062,000	-421,053,000	-409,998,000	-416,967,000	-401,458,000	-426,040,000	-396,506,000	-399,442,000	-395,281,000	-402,176,000	-412,485,000	-418,789,000	-490,086,000	-467,164,000	-465,676,000	-464,402,000	-431,870,000	-469,003,000	-441,288,000	-448,341,000	-427,221,000	-440,471,000	-429,075,000	-432,150,000	-433,668,000	-475,742,000	-460,834,000	-442,284,000
loss from continuing operations	-10,400,000	-12,400,000	-55,400,000		-4,000,000
interest expense	-5,000,000	-4,800,000	-4,700,000	-3,900,000	-3,300,000	-5,200,000	-13,100,000	-16,000,000	-6,500,000	-8,000,000	-6,900,000	-7,500,000	-7,600,000	-7,300,000	-8,000,000	-10,700,000	-8,600,000	-8,900,000	-8,900,000	-9,300,000	-9,300,000	-9,500,000	-12,200,000	-12,000,000	-12,800,000	-12,423,000	-13,077,000	-10,914,000	-8,486,000	-7,330,000	-7,547,000	-7,723,000	-8,020,000	-7,975,000	-7,683,000	-7,673,000	-8,043,000	-7,741,000	-7,520,000	-7,396,000	-7,643,000	-7,744,000	-7,882,000	-7,774,000	-7,782,000	-8,158,000	-9,570,000	-10,688,000	-10,734,000	-11,252,000	-10,708,000	-11,094,000	-10,982,000	-7,021,000	-7,900,000	-9,147,000	-9,728,000	-10,384,000	-12,100,000	-10,992,000	-11,333,000	-10,335,000	-3,819,000	-4,132,000	-4,285,000	-4,234,000	-4,277,000	-3,431,000	-3,563,000
other non-operating expense	-1,100,000													-1,400,000	-1,400,000	-1,400,000	-1,400,000	-2,600,000	-2,800,000	-2,500,000	-2,500,000	-1,900,000	-1,900,000	-2,000,000	-1,900,000
total non-operating expense	-6,100,000	-5,100,000	-5,000,000	-4,200,000	-3,600,000	-13,700,000	-12,800,000	-15,700,000	-6,200,000	-5,425,000	-6,800,000	-7,400,000	-7,500,000	-8,025,000	-9,400,000	-12,400,000	-10,300,000	-8,925,000	-12,200,000	-11,800,000	-11,800,000	-11,875,000	-17,900,000	-14,900,000	-14,700,000
loss from continuing operations before income taxes	-16,500,000	-15,650,000	-60,400,000		-7,700,000
income tax benefit	-3,700,000	-1,575,000	-6,500,000																							1,166,250	8,710,000		-725,000	-4,480,000	-3,675,000		360,000	62,245,000	3,095,000											-1,321,000	-3,735,000	-9,942,000	-3,558,000	55,825,000	5,183,000	-6,962,000	14,675,000
loss from discontinued operations, net of tax
net income	-12,800,000	38,300,000	-53,300,000	2,700,000	-6,300,000	199,100,000	5,800,000	-25,800,000	17,200,000	17,600,000	36,600,000	29,700,000	23,800,000	-5,900,000	20,600,000	14,700,000	16,600,000	9,500,000	1,900,000	-51,600,000	12,100,000	22,600,000	21,400,000	22,800,000	10,300,000
yoy	103.17%	-80.76%	-1018.97%	-110.47%	-136.63%	1031.25%	-84.15%	-186.87%	-27.73%	-398.31%	77.67%	102.04%	43.37%	-162.11%	984.21%	-128.49%	37.19%	-57.96%	-91.12%	-326.32%	17.48%
qoq	-133.42%	-171.86%	-2074.07%	-142.86%	-103.16%	3332.76%	-122.48%	-250.00%	-2.27%	-51.91%	23.23%	24.79%	-503.39%	-128.64%	40.14%	-11.45%	74.74%	400.00%	-103.68%	-526.45%	-46.46%	5.61%	-6.14%	121.36%
net income margin %	-3.55%	9.91%	-13.36%	0.69%	-1.67%	51.43%	1.47%	-4.40%	3.47%	3.43%	7.04%	5.66%	4.53%	-1.12%	3.82%	2.79%	3.40%	1.94%	0.42%	-12.70%	2.84%	4.99%	4.68%	4.75%	2.16%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
net loss per common share
loss per share from continuing operations	-0.8	-0.868	-3.34
loss per share from discontinued operations
net income per share	-0.8	2.36	-3.3	0.17	-0.38	11.87	0.35
average shares of common stock used to compute net loss per share
basic and diluted	16,080	4,053.25	16,142		16,375
goodwill impairment			48,000,000
other non-operating income		-300,000	-300,000	-300,000	-300,000	800,000	300,000	300,000	300,000	-200,000	100,000	100,000	100,000
income from discontinued operations, net of tax		-175,000	600,000	-900,000	-400,000	12,900,000	16,600,000
net income per common share
income per share from discontinued operations		2.17	0.04
average shares of common stock used to compute net income per share
basic and diluted	16,080	4,053.25	16,142		16,375
income from continuing operations				9,800,000		-15,600,000	-1,200,000
income from continuing operations before income taxes				5,500,000		-29,300,000	-14,000,000
income tax provision				1,900,000	-1,800,000	-9,700,000	-3,300,000	-9,400,000	7,000,000	6,800,000	11,000,000	10,200,000	8,400,000	-2,300,000	18,900,000	4,400,000	6,000,000	6,100,000	-300,000	-16,700,000	3,200,000	7,000,000	9,900,000	10,400,000	-6,200,000			-3,320,000				-2,510,000				-3,955,000	-5,000,000	-6,675,000	-859,000	-11,905,000	-11,673,000	-4,875,000	-9,100,000	-8,702,000	-1,698,000									-8,607,000	-12,798,000	-13,861,000	-12,194,000	-10,536,000	-5,928,000	-8,649,000	-6,133,000	-30,509,000	9,692,000	12,600,000	5,821,000	35,254,000	27,023,000	22,929,000	8,015,000
net income per common share:
income per share from continuing operations - basic				0.22		-1.14	-0.64
income per share from discontinued operations - basic				-0.06		13.01	1
income per share from continuing operations - diluted				0.22		-1.14	-0.64
income per share from discontinued operations - diluted				-0.06		13.01	1
average shares of common stock used to compute net income per share
basic				16,220		152	16,620	16,661	16,607	16,862,983,200	16,682	16,865	16,834	16,984,983,223	16,754	16,849	16,728	16,766,983,311	16,687	16,685	16,647	16,568,983,419	16,595	16,594	16,555
diluted				16,241		152	16,620	16,661	16,895	17,090,982,949	16,895	16,958	17,036	17,180,982,915	17,093	17,078	17,073	16,766,983,311	16,971	16,685	16,979	16,723,983,311	16,783	16,686	16,615
loss per share from continuing operations - basic and diluted					-0.36
income per share from discontinued operations - basic and diluted					-0.02
other operating (income) charges								17,000,000				-400,000
income from operations								-19,500,000	30,400,000	35,600,000	54,400,000	47,300,000	39,800,000	600,000	48,900,000	31,500,000	32,900,000	27,600,000	13,800,000	-56,600,000	27,100,000	41,900,000	49,200,000	48,100,000	18,800,000	18,157,000	-2,460,000	15,341,000	14,362,000	-174,729,000	46,900,000	18,381,000	11,539,000	26,654,000	5,451,000	19,665,000	20,558,000	24,110,000	9,280,000	40,165,000	37,762,000	36,314,000	40,046,000	32,073,000	15,237,000	-17,768,000	43,978,000	33,083,000	20,518,000	38,289,000	18,842,000	29,714,000	12,483,000	35,480,000	39,762,000	44,497,000	25,648,000	32,723,000	25,383,000	33,793,000	23,546,000
yoy								-141.23%	-23.62%	5833.33%	11.25%	50.16%	20.97%	-97.83%	254.35%	-155.65%	21.40%	-34.13%	-71.95%	-217.67%	44.15%	130.76%	-2100.00%	213.54%	30.90%	-110.39%	-105.25%	-16.54%	24.46%	-755.55%	760.39%	-6.53%	-43.87%	10.55%	-41.26%	-51.04%	-45.56%	-33.61%	-76.83%	25.23%	147.83%	-304.38%	-8.94%	-3.05%	-25.74%	-146.40%	133.40%	11.34%	64.37%	7.92%	-52.61%	-33.22%	-51.33%	8.43%	56.65%	31.68%	8.93%
qoq								-164.14%	-14.61%	-34.56%	15.01%	18.84%	6533.33%	-98.77%	55.24%	-4.26%	19.20%	100.00%	-124.38%	-308.86%	-35.32%	-14.84%	2.29%	155.85%	3.54%	-838.09%	-116.04%	6.82%	-108.22%	-472.56%	155.15%	59.29%	-56.71%	388.97%	-72.28%	-4.34%	-14.73%	159.81%	-76.90%	6.36%	3.99%	-9.32%	24.86%	110.49%	-185.76%	-140.40%	32.93%	61.24%	-46.41%	103.21%	-36.59%	138.04%	-64.82%	-10.77%	-10.64%	73.49%	-21.62%	28.92%	-24.89%	43.52%
operating margin %	0%	0%	0%	0%	0%	0%	0%	-3.33%	6.13%	6.94%	10.46%	9.02%	7.58%	0.11%	9.08%	5.98%	6.74%	5.63%	3.06%	-13.93%	6.36%	9.25%	10.76%	10.01%	3.93%	4.17%	-0.55%	3.39%	3.35%	-40.76%	11.00%	4.25%	2.64%	6.10%	1.28%	4.58%	4.70%	5.67%	2.13%	9.20%	8.64%	8.41%	9.06%	7.21%	3.51%	-3.76%	8.60%	6.63%	4.23%	8.14%	3.86%	6.31%	2.71%	7.67%	8.28%	9.40%	5.60%	7.02%	5.07%	6.83%	5.05%	0%	0%	0%	0%	0%	0%	0%	0%
income before income taxes								-35,200,000	24,200,000	24,400,000	47,600,000	39,900,000	32,300,000	-8,100,000	39,500,000	19,100,000	22,600,000	15,700,000	1,700,000	-68,400,000	15,300,000	29,500,000	31,300,000	33,200,000	4,100,000
net income per common share:
basic								-1,550,000	1,030,000	1,020,000	2,200,000	1,760,000	1,420,000	-380,000	1,230,000	870,000	990,000	580,000	120,000	-3,100,000	730,000	1,360,000	1,290,000	1,370,000	620,000
diluted								-1,550,000	1,020,000	1,010,000	2,170,000	1,750,000	1,400,000	-360,000	1,210,000	860,000	970,000	580,000	110,000	-3,100,000	710,000	1,340,000	1,280,000	1,360,000	620,000
average shares of common stock used to compute net income per share:
basic				16,220		152	16,620	16,661	16,607	16,862,983,200	16,682	16,865	16,834	16,984,983,223	16,754	16,849	16,728	16,766,983,311	16,687	16,685	16,647	16,568,983,419	16,595	16,594	16,555
diluted				16,241		152	16,620	16,661	16,895	17,090,982,949	16,895	16,958	17,036	17,180,982,915	17,093	17,078	17,073	16,766,983,311	16,971	16,685	16,979	16,723,983,311	16,783	16,686	16,615
debt retirement costs																-300,000	-200,000	-500,000	-500,000			-1,100,000	-3,900,000	-1,000,000		25,000	-2,725,000																				-24,420,000						-17,058,000															-6,250,000
gain on divested assets																														1,008,000	22,944,000
non-operating pension and other postretirement benefit costs																										-1,066,500	-1,421,000	-1,531,000	-1,314,000
earnings before income taxes																										-3,056,250	-19,683,000	2,896,000	4,562,000	-183,292,000	38,119,000	9,471,000	2,240,000	18,679,000	-2,232,000	11,992,000	12,515,000	16,018,000	1,760,000	32,769,000	30,119,000	28,570,000	32,164,000	24,299,000	7,455,000	-25,926,000	9,988,000	22,395,000	9,784,000	27,037,000	8,134,000	18,620,000	-15,557,000	28,459,000	31,862,000	35,350,000	15,920,000	22,038,000	14,573,000	22,572,000	11,737,000	12,069,000	24,680,000	33,168,000	6,279,000	82,414,000	73,232,000	98,377,000	21,662,000
net earnings																										-1,890,000	-10,973,000	-424,000	3,837,000	-187,772,000	34,444,000	6,961,000	2,600,000	80,924,000	863,000	8,037,000	7,515,000	9,343,000	901,000	20,864,000	18,446,000	11,565,000	23,064,000	15,597,000	5,757,000	-27,247,000	6,253,000	12,453,000	6,226,000	82,862,000	13,317,000	11,658,000	-882,000	19,852,000	19,064,000	21,489,000	3,726,000	11,502,000	8,645,000	13,923,000	5,604,000	37,786,000	14,988,000	20,568,000	458,000	47,160,000	46,209,000	75,448,000	13,647,000
net earnings per common share:
basic																										-115	-660	-30	230	-11,390	2,090	420	160	4,910	50	490	460	560	50	1,220	1,050	650	1,220	820	300	-1,340	320	610	300	3,760	600	520	-40	850	820	920	160	500	380	1,210	490	3,290	1,310	1,790	40	4,150	4,070	6,640	1,200
diluted																										-115	-660	-30	230	-11,380	2,080	420	160	4,890	50	480	450	570	50	1,210	1,050	670	1,210	810	300	-1,320	310	610	290	3,730	600	520	-40	850	800	910	160	470	370	1,170	470	3,190	1,270	1,750	40	3,960	3,920	6,430	1,190
non-operating pension and other postretirement benefit (costs) income																														-925,000	-1,234,000	-1,187,000	-1,279,000
impairment of assets																																														-3,078,000	-890,000		-4,259,000
other																																																										-301,000	1,290,000	-229,000	-476,000
costs and expenses: - sum																																																														-2,225,243,000	324,428,000	306,560,000	320,057,000	275,469,000	301,112,000	285,220,000	261,475,000
alternative fuel mixture tax credit
earnings before interest, debt retirement costs and income taxes																																																														22,404,000	28,499,000	37,300,000		86,648,000	77,509,000	108,058,000
alternative fuel mixture tax credits																																																																		30,877,500	47,137,000	76,373,000
earnings before interest and income taxes																																																																	10,564,000				25,225,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31

assets
current assets:
cash and cash equivalents	36,500,000	30,700,000	34,400,000	46,700,000	44,000,000	79,600,000	35,500,000	39,600,000	55,200,000	42,000,000	110,200,000	41,700,000	16,700,000	53,700,000	50,800,000	69,500,000	36,400,000	25,200,000	27,800,000	60,900,000	57,100,000	35,900,000	47,500,000	48,200,000	60,800,000	20,000,000	7,815,000	41,800,000	12,160,000	22,484,000	76,150,000	53,278,000	12,064,000	15,738,000	8,478,000	8,519,000	15,995,000	23,001,000	331,000	9,395,000	2,228,000
accounts receivable	197,900,000	195,300,000	161,700,000	165,900,000	177,400,000	188,700,000	172,700,000	255,800,000	173,100,000	184,500,000	173,000,000	196,600,000	186,300,000	188,800,000	180,400,000	187,300,000	172,300,000	167,400,000	159,400,000	144,000,000	134,900,000	160,600,000				159,100,000
inventories	269,700,000	281,700,000	283,200,000	283,900,000	259,300,000	258,000,000	264,600,000	420,200,000	327,800,000	319,800,000	333,300,000	340,400,000	345,500,000	324,000,000	326,800,000	287,700,000	281,800,000	277,700,000	286,400,000	282,900,000	293,100,000	263,300,000	256,400,000	235,300,000	240,500,000	281,400,000	282,395,000	287,863,000	285,909,000	266,244,000	263,274,000	262,213,000	259,432,000	266,043,000	257,833,000	243,313,000	240,704,000	258,029,000	252,126,000	248,934,000	243,419,000	255,573,000	261,683,000	248,280,000	270,670,000	286,626,000	282,457,000	264,874,000	269,249,000	267,788,000	253,440,000	251,334,000	248,785,000	231,466,000	224,435,000	237,623,000	244,722,000	244,071,000	225,356,000	223,604,000	234,890,000	228,321,000	145,276,000	143,824,000	158,000,000	169,761,000	145,604,000	143,228,000	160,261,000	154,351,000
other current assets	18,000,000	18,300,000	8,700,000	13,700,000	18,900,000	19,100,000	12,900,000	18,300,000	20,200,000	17,900,000	10,500,000	13,400,000	19,500,000	19,900,000	12,100,000	12,800,000	17,000,000	16,900,000	10,000,000	10,800,000	15,300,000	15,200,000	8,500,000	9,000,000	12,600,000	3,600,000	7,960,000	10,118,000	12,237,000	3,399,000	6,105,000	8,132,000	8,740,000	8,661,000	6,450,000	7,866,000	10,776,000	8,682,000	5,414,000	7,659,000	9,376,000
total current assets	522,100,000	526,000,000	487,900,000	510,100,000	499,600,000	545,400,000	731,900,000	733,900,000	576,200,000	564,100,000	627,000,000	592,100,000	567,900,000	586,300,000	570,200,000	557,200,000	507,500,000	487,200,000	483,600,000	498,600,000	500,400,000	474,900,000	492,000,000	484,400,000	520,900,000	465,800,000	464,260,000	519,136,000	486,820,000	443,947,000	492,527,000	451,133,000	436,677,000	452,789,000	423,285,000	395,982,000	413,558,000	446,495,000	399,889,000	412,063,000	392,847,000	426,937,000	468,320,000	491,813,000	479,333,000	526,577,000	508,144,000	560,872,000	575,581,000	575,401,000	578,334,000	546,456,000	547,277,000	468,466,000	501,931,000	495,139,000	527,418,000	545,331,000	569,091,000	595,987,000	605,804,000	589,459,000	631,511,000	603,755,000	595,522,000	572,291,000	495,164,000	388,180,000	291,786,000	289,579,000
property, plant and equipment	2,384,900,000	2,377,900,000	2,379,500,000	2,369,800,000	2,356,600,000	2,328,400,000	2,294,200,000	1,605,100,000	983,100,000	990,100,000	993,800,000	1,000,200,000	1,004,600,000	1,017,100,000	2,968,600,000	2,961,800,000	2,963,200,000	1,081,800,000	1,109,600,000	1,124,500,000	1,173,200,000	1,191,500,000	1,200,900,000	1,219,700,000	1,235,500,000	1,257,700,000	1,273,474,000	1,293,694,000	1,292,002,000	1,269,271,000	1,206,168,000	1,171,368,000	1,077,643,000	1,050,982,000	1,014,835,000	991,061,000	959,511,000	945,328,000	914,945,000	881,975,000	873,112,000	866,538,000	836,758,000	823,672,000	812,770,000	810,987,000	878,423,000	873,284,000	875,955,000	884,698,000	872,762,000	868,365,000	871,745,000	877,377,000	840,981,000	801,818,000	768,339,000	735,566,000	707,064,000	696,836,000	670,098,000	654,456,000
accumulated depreciation and amortization	-1,398,500,000	-1,376,100,000	-1,363,600,000	-1,342,700,000	-1,326,800,000	-1,305,400,000	-1,282,200,000
other assets	61,200,000	58,300,000	54,900,000	52,400,000	52,000,000	57,900,000	59,100,000	85,300,000	120,400,000	117,600,000	116,200,000	112,700,000	117,900,000	100,100,000	110,300,000	114,800,000	115,700,000	121,100,000	124,900,000	22,400,000	21,300,000	21,700,000	18,500,000	18,700,000	18,800,000	29,100,000	15,041,000	12,095,000	14,608,000	15,746,000	25,382,000	24,093,000	22,839,000	21,778,000	12,080,000	10,750,000	8,994,000	7,751,000	5,578,000	4,535,000	4,329,000		7,394,000	7,394,000	9,883,000	9,583,000	9,224,000	9,374,000	9,585,000	9,927,000	10,255,000	10,398,000	12,122,000	10,327,000	9,603,000	10,088,000	10,560,000	11,140,000	13,673,000	13,505,000	14,495,000	15,488,000	7,427,000	6,883,000	6,761,000	11,148,000	7,213,000	7,438,000	4,512,000	3,820,000
total assets	1,569,800,000	1,588,300,000	1,561,400,000	1,640,700,000	1,633,900,000	1,679,200,000	2,488,700,000	2,478,400,000	1,679,700,000	1,671,800,000	1,737,000,000	1,705,000,000	1,690,500,000	1,703,500,000	1,703,600,000	1,712,700,000	1,683,100,000	1,690,100,000	1,718,100,000	1,750,900,000	1,803,900,000	1,800,400,000	1,826,900,000	1,841,500,000	1,896,800,000	1,877,700,000	1,881,077,000	1,955,847,000	1,928,278,000	1,788,118,000	1,980,095,000	1,919,397,000	1,811,912,000	1,802,252,000	1,729,011,000	1,678,589,000	1,664,933,000	1,684,342,000	1,547,814,000	1,526,732,000	1,499,214,000	1,527,369,000	1,551,533,000	1,562,537,000	1,541,121,000	1,585,928,000	1,678,569,000	1,720,555,000	1,736,189,000	1,744,825,000	1,733,351,000	1,698,908,000	1,706,631,000	1,633,456,000	1,626,902,000	1,583,063,000	1,583,967,000	1,571,318,000	1,570,692,000	1,588,861,000
liabilities and stockholders' equity
current liabilities:
current portion of long-term debt	600,000	600,000	600,000	600,000	600,000	600,000	7,400,000	5,200,000	900,000	800,000	900,000	900,000	900,000	900,000	1,000,000	1,000,000	1,600,000	1,600,000	1,600,000	1,700,000	1,700,000	1,700,000																																						15,215,000	760,000	760,000
accounts payable and accrued liabilities	199,800,000	215,600,000	231,700,000	258,500,000	299,500,000	319,700,000	301,700,000	418,100,000	300,600,000	285,100,000	260,000,000	262,600,000	264,600,000	311,100,000	294,100,000	299,300,000	254,500,000	252,500,000	255,200,000	254,100,000	233,500,000					262,500,000	229,563,000	301,294,000	295,574,000	321,032,000	341,075,000	357,588,000	249,337,000	256,621,000	263,148,000	224,177,000	202,577,000	223,699,000	223,803,000	208,292,000	192,820,000	220,368,000	244,953,000	214,701,000	206,465,000	215,826,000	223,236,000	220,393,000	205,438,000	190,648,000	204,081,000	158,390,000	168,566,000	165,596,000	171,195,000	151,997,000	173,806,000	144,631,000	185,547,000	183,226,000	197,694,000	184,604,000	122,939,000	111,699,000	121,366,000	109,775,000	110,470,000	104,951,000	99,990,000	116,471,000
total current liabilities	200,400,000	216,200,000	232,400,000	259,100,000	300,200,000	320,400,000	412,100,000	423,300,000	301,400,000	286,000,000	260,900,000	263,500,000	265,500,000	312,000,000	295,100,000	300,300,000	256,100,000	254,100,000	256,900,000	255,900,000	235,300,000	244,800,000	239,600,000	247,500,000	290,400,000	280,400,000	294,993,000	543,724,000	515,220,000	449,295,000	448,706,000	525,219,000	425,468,000	419,252,000	380,969,000	339,998,000	340,398,000	366,520,000	244,374,000	215,851,000	206,384,000	227,927,000	252,868,000	222,616,000	214,380,000	223,741,000	279,061,000	229,171,000	214,216,000	199,426,000	213,218,000	167,527,000	177,703,000	174,733,000	181,056,000	161,858,000	183,667,000	154,492,000	195,296,000	208,190,000	208,203,000	195,113,000	132,872,000	121,632,000	131,299,000	119,708,000	119,556,000	114,037,000	249,076,000	275,557,000
long-term debt	360,500,000	345,500,000	335,500,000	328,500,000	281,600,000	281,600,000	1,143,300,000	1,137,900,000	442,300,000	462,300,000	564,800,000	564,800,000	564,900,000	564,900,000	564,900,000	589,900,000	617,700,000	637,600,000	676,500,000	716,200,000	716,300,000	716,400,000	785,500,000	827,900,000	883,900,000	884,500,000	866,702,000	671,676,000	671,484,000	671,292,000	671,100,000	570,908,000	570,716,000	570,524,000	570,331,000	570,139,000	569,947,000	569,755,000	569,563,000	569,371,000	569,179,000		575,000,000	575,000,000	575,000,000	575,000,000	575,000,000	650,000,000	650,000,000	650,000,000	650,000,000	650,000,000	650,000,000	523,933,000	523,872,000	523,810,000	523,752,000	523,694,000	523,638,000	523,583,000	537,985,000	538,314,000	148,429,000	148,379,000	148,332,000	148,285,000	148,241,000	148,197,000
liability for pension and other postretirement employee benefits	49,200,000	49,500,000	51,600,000	51,900,000	52,200,000	52,500,000	52,400,000	54,700,000	55,100,000	55,700,000	56,900,000	57,200,000	57,800,000	58,200,000	71,300,000	72,100,000	72,800,000	73,600,000	81,700,000	78,500,000	79,600,000	80,500,000	73,200,000	74,400,000	75,300,000	76,600,000	73,738,000
deferred tax liabilities	64,600,000	68,200,000	80,900,000																			158,100,000	152,500,000	139,300,000	123,600,000	121,300,000	116,868,000	125,230,000	123,206,000	121,182,000	123,778,000	122,347,000	119,078,000	118,528,000	169,410,000	162,081,000	157,601,000	152,172,000	132,850,000	127,762,000	123,032,000	118,118,000	100,884,000	110,289,000	111,226,000	111,634,000	127,393,000	128,270,000	126,726,000	124,898,000	66,253,000	60,774,000	58,358,000	60,124,000	70,972,000	70,528,000	69,341,000	69,358,000	71,599,000	75,454,000	67,237,000
other long-term obligations	81,300,000	83,700,000	78,200,000																			25,200,000	22,600,000	21,600,000	16,200,000	17,300,000	33,990,000	33,498,000	33,859,000	38,977,000	37,788,000	37,734,000	42,189,000	43,275,000	40,942,000	40,776,000	40,322,000	41,776,000	42,310,000	42,873,000	43,779,000	46,738,000	47,696,000	50,779,000	55,452,000	56,856,000	49,443,000	50,212,000	50,825,000	52,942,000	51,021,000	50,437,000	53,912,000	50,910,000	48,560,000	47,435,000	47,560,000	48,474,000	35,726,000	35,133,000	32,847,000	23,369,000	10,150,000	7,333,000	6,241,000	5,825,000	4,623,000	3,788,000	3,645,000	3,234,000
total liabilities	756,000,000	763,000,000	778,500,000	804,000,000	797,300,000	824,700,000	1,824,100,000	1,819,800,000	995,200,000	1,003,000,000	1,088,400,000	1,090,500,000	1,098,500,000	1,131,500,000	1,134,400,000	1,168,000,000	1,153,200,000	1,178,300,000	1,226,500,000	1,262,900,000	1,267,800,000	1,279,300,000	1,330,800,000	1,370,700,000	1,452,100,000	1,445,700,000	1,455,932,000	1,521,482,000	1,496,034,000	1,361,722,000	1,351,970,000	1,328,828,000	1,231,192,000	1,226,818,000	1,242,649,000	1,195,003,000	1,191,342,000	1,214,469,000
stockholders' equity:
preferred stock, par value 0.0001...
common stock, par value 0.0001...																											2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000					1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000			1,000
additional paid-in capital	6,000,000	8,300,000	8,200,000	6,500,000	5,000,000	11,500,000	13,700,000	13,500,000	13,500,000	14,900,000	15,100,000	17,700,000	24,700,000	28,500,000	25,700,000	23,000,000	24,100,000	23,600,000	21,700,000	19,300,000	17,600,000	16,600,000	13,900,000	11,800,000	10,400,000	9,800,000	8,853,000	8,386,000	7,175,000	6,403,000	5,714,000	3,980,000	2,428,000	1,161,000		349,589,000	347,757,000	347,080,000	345,164,000	343,155,000	341,493,000	340,095,000	341,130,000	336,431,000	333,009,000	334,074,000	333,871,000	329,884,000	327,417,000	326,546,000	327,793,000	318,791,000	316,854,000	326,901,000	318,168,000	312,519,000	306,827,000	315,965,000	313,807,000	312,122,000	310,468,000	310,821,000	311,178,000	309,876,000	308,559,000	308,618,000	308,697,000			307,522,000
treasury stock	-11,800,000	-14,800,000	-14,800,000	-12,700,000	-8,500,000	-3,300,000																														-400,192,000	-400,192,000	-395,317,000	-381,518,000	-365,158,000	-357,649,000	-329,990,000	-323,832,000	-267,148,000	-267,148,000	-230,000,000	-230,000,000	-204,322,000	-159,332,000	-130,000,000	-105,783,000	-80,819,000	-71,001,000	-30,000,000	-20,705,000	-18,819,000	-11,350,000	-11,350,000	-10,003,000
retained earnings	849,400,000	862,300,000	823,900,000	877,300,000	874,500,000	880,800,000	681,700,000	675,800,000	701,700,000	684,500,000	666,900,000	630,300,000	600,600,000	576,800,000	582,700,000	562,000,000	547,300,000	530,700,000	521,200,000	519,200,000	570,900,000	558,800,000	536,300,000	514,800,000	492,100,000	481,700,000	479,779,000	490,752,000	491,176,000	487,339,000	675,111,000	640,667,000	633,706,000	618,254,000	537,329,000	585,413,000	577,376,000	569,861,000	560,518,000	559,617,000	538,753,000	520,307,000	508,742,000	485,678,000	470,081,000	464,324,000	491,571,000	485,318,000	472,865,000	466,639,000	383,777,000	370,460,000	358,802,000	359,684,000	339,832,000	320,768,000	299,279,000	295,553,000	284,051,000	275,406,000	261,483,000	255,879,000	218,093,000	203,104,000	182,537,000	182,079,000	134,919,000
accumulated other comprehensive loss, net of tax	-29,900,000	-30,500,000	-34,300,000	-34,400,000	-34,500,000	-34,500,000	-30,800,000	-30,700,000	-30,700,000	-30,700,000	-33,500,000	-33,400,000	-33,400,000	-33,300,000	-39,100,000	-40,300,000	-41,400,000	-42,600,000	-51,300,000	-50,500,000	-52,400,000	-54,300,000	-54,000,000	-55,800,000	-57,700,000	-59,500,000	-63,489,000	-64,775,000	-66,109,000	-67,348,000	-52,702,000	-54,080,000	-55,416,000	-43,983,000	-50,969,000	-51,226,000	-51,352,000	-51,753,000	-52,963,000	-54,722,000	-54,893,000	-55,548,000	-66,061,000	-67,662,000	-69,306,000	-70,863,000	-54,488,000	-55,689,000	-56,609,000	-58,093,000	-108,504,000	-110,781,000	-113,232,000	-115,693,000	-110,702,000	-112,223,000	-113,463,000	-115,265,000	-97,343,000	-94,806,000	-95,763,000	-98,352,000	-117,242,000	-118,792,000	-120,038,000
total stockholders' equity	813,800,000		783,000,000	836,700,000	836,600,000		664,600,000	658,600,000	684,500,000		648,500,000	614,500,000	592,000,000		569,200,000	544,700,000	530,000,000		491,600,000	488,100,000	536,100,000		496,200,000	470,800,000	444,800,000		425,145,000	434,365,000	432,244,000		628,125,000	590,569,000	580,720,000		486,362,000	483,586,000	473,591,000
total liabilities and stockholders' equity	1,569,800,000	1,588,300,000	1,561,400,000	1,640,700,000	1,633,900,000	1,679,200,000	2,488,700,000	2,478,400,000	1,679,700,000	1,671,800,000	1,737,000,000	1,705,000,000	1,690,500,000	1,703,500,000	1,703,600,000	1,712,700,000	1,683,100,000	1,690,100,000
goodwill and intangible assets		2,100,000	2,700,000	51,200,000	52,400,000	52,900,000	52,200,000	54,100,000												47,300,000	48,000,000	48,800,000	49,600,000	50,400,000	51,200,000	52,000,000
stockholders’ equity:
total stockholders’ equity		825,300,000				854,600,000				668,800,000				572,100,000				511,700,000				521,100,000				432,000,000				426,396,000				575,434,000				469,873,000	471,203,000	482,894,000	467,706,000	474,866,000	459,981,000	487,301,000	466,638,000	497,537,000	540,956,000	555,193,000	584,343,000	605,094,000	497,285,000	497,653,000	491,425,000	540,894,000	526,595,000	502,246,000	481,294,000	484,904,000	490,513,000	492,723,000	476,189,000	468,349,000	412,030,000	394,189,000	371,059,000	363,736,000	321,918,000			180,989,000
deferred tax liabilities and other long-term obligations				164,600,000	163,400,000	170,200,000	85,800,000	204,000,000	196,300,000	199,100,000	205,900,000	205,000,000	210,400,000	196,400,000	203,100,000	205,700,000	206,500,000	213,100,000	211,300,000	212,300,000	185,600,000
current assets of discontinued operations							246,100,000
long-term assets of discontinued operations							633,600,000
current liabilities of discontinued operations							103,000,000
long-term liabilities of discontinued operations							130,500,000
accumulated depreciation															-1,945,400,000	-1,921,000,000	-1,903,300,000
liabilities and stockholders’ equity
total liabilities and stockholders’ equity																			1,718,100,000	1,750,900,000	1,803,900,000	1,800,400,000	1,826,900,000	1,841,500,000	1,896,800,000	1,877,700,000	1,881,077,000	1,955,847,000	1,928,278,000	1,788,118,000	1,980,095,000	1,919,397,000	1,811,912,000	1,802,252,000	1,729,011,000	1,678,589,000	1,664,933,000	1,684,342,000	1,547,814,000	1,526,732,000	1,499,214,000	1,527,369,000	1,551,533,000	1,562,537,000	1,541,121,000	1,585,928,000	1,678,569,000	1,720,555,000	1,736,189,000	1,744,825,000	1,733,351,000	1,698,908,000	1,706,631,000	1,633,456,000	1,626,902,000	1,583,063,000	1,583,967,000	1,571,318,000	1,570,692,000	1,588,861,000
operating lease right-of-use assets																				58,100,000	60,900,000	63,500,000	66,000,000	68,200,000	70,400,000	73,100,000	74,503,000	75,338,000	77,479,000
long-term operating lease liabilities																					51,000,000	54,300,000	57,300,000	60,100,000	62,700,000	65,600,000
restricted cash																										1,400,000	1,440,000	1,440,000	1,440,000		1,080,000									2,270,000	2,270,000	2,270,000	2,270,000	2,270,000	1,500,000	1,500,000		1,501,000	1,500,000	1,500,000	1,500,000	1,500,000				770,000	770,000	769,000	500,000	1,656,000	3,668,000	3,637,000					750,000	750,000
trade payables																						143,400,000	140,500,000	137,500,000	146,800,000
accrued compensation																						41,700,000	50,100,000	47,300,000	34,100,000
other accrued liabilities																						58,000,000	47,300,000	61,100,000	51,400,000
receivables																							179,500,000	191,900,000	207,100,000		157,929,000	169,972,000	168,093,000	145,519,000	139,170,000	118,726,000	137,622,000	142,065,000	135,946,000	130,805,000	141,971,000	147,074,000	134,384,000	143,061,000	134,875,000	139,052,000	153,857,000	141,090,000	133,949,000	133,914,000	178,175,000	168,555,000	169,052,000	158,874,000	168,519,000	169,397,000	156,251,000	154,143,000	175,587,000	171,394,000	179,583,000	176,189,000	182,954,000	182,002,000	155,292,000	153,335,000	111,235,000	110,130,000	105,157,000	94,458,000	110,367,000	146,369,000	95,052,000
short-term debt																							1,700,000	1,600,000	58,100,000	17,900,000	58,000,000	235,000,000	212,216,000	120,833,000
taxes receivable																										300,000	6,721,000	7,943,000	6,981,000	6,301,000	6,748,000	8,784,000	18,819,000	20,282,000	14,578,000	5,479,000	4,112,000	9,709,000	7,634,000	744,000	679,000	14,851,000				1,255,000	2,609,000	6,840,000	4,980,000	10,503,000	8,380,000	8,910,000	11,281,000	20,828,000	11,918,000	13,813,000	14,508,000	10,000,000	12,382,000	12,157,000		10,354,000	2,936,000		61,990,000	101,343,000	69,715,000
goodwill																											35,074,000	35,074,000	35,074,000	35,074,000	230,153,000	244,161,000	244,161,000	244,161,000	244,283,000	244,283,000	244,283,000	244,283,000	209,087,000	209,087,000	209,087,000	209,087,000	209,087,000	209,087,000	209,087,000	209,087,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000	229,533,000
intangible assets																											18,725,000	20,510,000	22,295,000	24,080,000	25,865,000	28,642,000	30,592,000	32,542,000	34,528,000	36,513,000	38,587,000	40,485,000	16,280,000	17,517,000	18,753,000	19,990,000	21,231,000	22,473,000	23,715,000	24,956,000	34,589,000	36,208,000	37,803,000	40,778,000	42,467,000	44,156,000	45,954,000	47,753,000	44,854,000	46,485,000	48,117,000	49,748,000	51,331,000	53,000,000	54,768,000	56,400,000
current liability for pension and other postretirement employee benefits																											7,430,000
operating lease liabilities																											66,571,000	70,194,000	72,647,000
accrued taxes																											3,070,000	2,257,000	3,111,000	2,785,000	2,839,000	3,116,000	2,807,000	2,770,000	2,557,000	2,567,000	2,497,000	2,434,000	1,523,000	1,516,000	1,525,000	1,676,000	1,573,000	1,717,000	1,706,000	2,696,000	2,807,000	2,694,000	2,677,000	2,658,000	68,164,000	75,936,000	75,522,000	78,699,000	78,625,000	77,990,000	78,107,000	74,464,000	73,884,000	73,373,000	72,721,000	72,011,000	75,414,000	74,317,000	73,632,000	73,487,000	52,267,000
commitments and contingent liabilities
current liability for pensions and other postretirement employee benefits																												7,430,000	7,430,000	7,430,000	7,631,000	7,631,000	7,631,000	7,631,000	7,821,000	7,821,000	7,821,000	7,821,000	7,559,000	7,559,000	7,559,000	7,559,000	7,915,000	7,915,000	7,915,000	7,915,000	8,778,000	8,778,000	8,778,000	8,778,000	9,137,000	9,137,000	9,137,000	9,137,000	9,861,000	9,861,000	9,861,000	9,861,000	9,749,000	9,749,000	9,749,000	9,749,000	9,933,000	9,933,000	9,933,000	9,933,000	9,086,000	9,086,000	9,086,000	9,086,000
liability for pensions and other postretirement employee benefits																												74,903,000	76,507,000	78,191,000	67,759,000	69,504,000	70,934,000	72,469,000	78,440,000	79,442,000	80,577,000	81,812,000	85,991,000	86,465,000	87,609,000	89,057,000	113,531,000	114,835,000	116,719,000	118,464,000	103,909,000	105,015,000	107,402,000	109,807,000	187,410,000	196,581,000	199,711,000	204,163,000	197,222,000	199,196,000	200,246,000	215,932,000	180,036,000	180,405,000	179,516,000	187,116,000	224,438,000	229,418,000	237,705,000	236,422,000	225,144,000	224,148,000	222,854,000	221,649,000
borrowings under revolving credit facilities																															100,000,000	160,000,000	168,500,000	155,000,000	110,000,000	108,000,000	130,000,000	135,000,000
short-term investments																																										250,000	10,000,000	60,000,000	11,000,000	50,000,000		59,000,000	59,000,000	70,000,000	89,000,000	80,000,000	85,000,000	20,000,000	37,000,000	20,000,000	25,000,000	55,001,000	85,001,000	92,000,000	140,139,000	126,095,000	335,168,000	319,967,000	233,000,000	187,926,000	146,003,000	73,185,000	12,977,000	10,800,000
pension assets																																							2,035,000	1,555,000	1,086,000	596,000	8,743,000	8,098,000	6,333,000	4,738,000	18,656,000	11,284,000	7,732,000	4,488,000
revolving credit facility borrowings																																							13,012,000		6,005,000
cash																																										5,610,000	13,417,000	11,465,000	29,796,000	27,331,000	13,578,000	22,481,000	24,042,000	23,675,000	20,929,000	1,180,000	9,538,000	12,579,000	19,564,000	17,215,000	24,544,000	8,439,000	21,071,000	34,476,000	19,092,000	18,928,000	21,507,000	12,997,000	17,261,000	2,824,000	2,649,000	3,561,000	2,852,000	3,218,000
deferred tax assets1
other current assets2																																										9,331,000
other assets, net2																																										4,221,000
long-term debt2																																										568,987,000
deferred tax assets																																											20,330,000	20,839,000	21,682,000	21,760,000	24,864,000	29,536,000	37,257,000	37,538,000	28,356,000	23,976,000	26,385,000	17,136,000	24,857,000	25,878,000	27,573,000	39,466,000	35,345,000	40,915,000	41,408,000	37,374,000	11,419,000	11,917,000	13,601,000	12,926,000	14,772,000	14,772,000	14,772,000	14,772,000
prepaid expenses																																											6,763,000	7,869,000	10,736,000	4,191,000	6,461,000	8,085,000	10,501,000	5,523,000	8,210,000	10,159,000	10,037,000	12,314,000	8,570,000	8,446,000	10,718,000	11,396,000	6,482,000	9,177,000	11,315,000	11,415,000	3,970,000	4,920,000	6,513,000	3,053,000	5,304,000	6,315,000	5,872,000	2,408,000
short-term borrowings																																															47,047,000
common stock																																																								1,000	1,000	1,000	1,000
deferred taxes																																																														61,064,000					1,539,000	9,286,000	6,312,000	1,837,000
land																																																															5,228,000	4,729,000	4,729,000	4,729,000	4,729,000	4,729,000	4,729,000	4,729,000
plant and equipment																																																															349,012,000	352,422,000	353,451,000	359,295,000
notes payable																																																																					40,000,000	50,000,000
note payable to potlatch																																																																					100,000,000	100,000,000
accumulated other comprehensive loss, net of tax of																																																																		-126,962,000				-126,149,000
plant and equipment, at cost less accumulated depreciation																																																																			366,182,000	372,311,000	377,386,000
accumulated other comprehensive loss																																																																			-121,699,000	-123,368,000	-124,949,000
stockholders’ equity excluding accumulated other comprehensive loss																																																																				396,570,000	321,475,000
receivables, less allowance for doubtful accounts of 1,121 and 760																																																																						104,030,000
plant and equipment, net of accumulated depreciation of 1,205,405 and 1,158,042																																																																						385,138,000
potlatch’s net investment
retained deficit																																																																						-385,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31

operating activities
net income	38,300,000	-53,300,000	2,700,000	-6,300,000	199,100,000	23,000,000	-43,000,000	17,200,000	71,100,000	6,900,000	5,900,000	23,800,000	25,400,000	5,900,000	-1,900,000	16,600,000	-30,000,000	53,500,000	-63,700,000	12,100,000	55,700,000	-1,400,000	12,500,000	10,300,000
adjustments to reconcile net income to net cash flows from operating activities:
goodwill impairment	0
depreciation and amortization	23,700,000	23,700,000	23,000,000	22,000,000	21,500,000	47,400,000	7,700,000	23,200,000	74,200,000	-200,000	-200,000	24,800,000	77,100,000	500,000	300,000	25,400,000	79,100,000	-900,000	0	26,800,000	83,300,000	-100,000	-200,000	28,000,000	29,257,000	31,990,000	28,517,000	25,836,000	26,267,000	25,342,000	25,177,000	25,167,000	25,522,000	25,856,000	26,055,000	27,557,000	25,169,000	22,747,000	22,024,000	21,150,000	21,888,000	21,204,000	20,632,000	21,008,000	23,606,000	22,293,000	22,015,000	22,231,000	22,688,000	22,180,000	23,253,000	22,151,000	20,856,000	19,199,000	19,730,000	19,548,000	19,825,000	19,569,000	18,870,000	18,669,000	12,221,000	11,780,000	11,861,000	11,866,000	12,248,000	11,692,000	11,757,000	11,721,000
equity-based compensation expense	-300,000	600,000	2,500,000	1,000,000	-1,600,000	2,500,000	1,400,000	3,300,000	6,400,000	2,000,000	-400,000	1,900,000	8,700,000	-900,000	4,200,000	700,000									1,141,000	889,000	1,242,000	828,000	469,000			781,000	1,097,000	2,120,000	386,000	17,000	2,559,000	2,110,000	5,544,000	2,172,000	2,062,000	476,000	850,000	1,169,000	3,589,000	2,291,000	2,431,000	4,479,000	3,202,000	2,177,000	796,000	4,785,000	2,022,000	4,050,000	2,551,000	1,080,000	3,017,000	2,117,000	1,046,000	1,954,000	2,124,000	3,259,000	2,092,000	1,043,000	835,000	839,000	649,000	689,000
deferred taxes	-15,500,000	-6,400,000	1,700,000	-2,300,000	49,000,000	-6,500,000	-1,900,000	-1,600,000	-10,500,000	-2,800,000	-300,000	-1,300,000	-6,300,000	300,000	300,000	-2,200,000					20,700,000	3,900,000	7,100,000	1,800,000	5,723,000	-11,203,000	4,266,000	914,000	3,154,000	1,281,000	2,889,000	-240,000																													-15,617,000	-2,178,000	2,010,000	794,000	-4,299,000	-7,747,000	2,974,000	4,475,000
defined benefit pension and other postretirement employee benefits	400,000	-100,000	-100,000	-100,000	-1,000,000	-2,400,000	100,000	-900,000	-1,600,000	200,000	-100,000	-500,000	2,300,000	-100,000	100,000	700,000
gain on business divestiture	-400,000
amortization of deferred debt costs and debt retirement									4,100,000	0			1,500,000	-200,000
loss on sale or impairment associated with assets	2,800,000	2,000,000	3,000,000	100,000	300,000	900,000	500,000	200,000	1,800,000			1,100,000	4,900,000	-3,400,000
changes in operating assets and liabilities, net of acquisitions and divestitures:
(increase) in accounts receivable
decrease in inventories
decrease in other current assets	-8,500,000	5,700,000			-5,900,000	1,100,000								-2,800,000							-11,800,000	-3,000,000
increase in accounts payable and accrued liabilities	-10,300,000	11,400,000	-52,400,000	-24,000,000	9,100,000	20,400,000	48,900,000	20,500,000					53,600,000	-45,000,000	26,700,000	13,900,000	6,700,000	-29,600,000
other	1,500,000	-1,300,000	1,000,000	-1,100,000	-1,100,000	-700,000	-1,300,000	100,000	2,200,000	500,000	-1,500,000	1,400,000	1,800,000	-1,600,000	600,000	700,000			-1,800,000	1,700,000	5,700,000	-1,300,000	1,700,000	-500,000	2,175,000	-1,051,000	-685,000	2,561,000	376,000	-960,000	-152,000	-810,000	-2,383,000	-393,000	-432,000	1,699,000	-852,000	199,000	-314,000	-408,000	-402,000	-594,000	-399,000	-1,327,000	1,044,000	-1,371,000	-554,000	-462,000	363,000	345,000	-598,000	361,000	1,733,000	224,000	-954,000	3,294,000	1,045,000	-670,000	1,048,000	2,985,000	-5,046,000	-914,000	599,000	2,583,000	520,000			-91,000
net cash flows from operating activities	5,000,000	34,000,000	-28,200,000	1,500,000	-35,100,000	75,400,000	-38,100,000	59,200,000	102,500,000	42,200,000	55,100,000	-9,100,000	136,900,000	-65,200,000	37,400,000	41,100,000	80,100,000	2,000,000	-19,500,000	33,800,000	191,300,000	-53,300,000	96,900,000	12,100,000	71,835,000	-30,957,000	44,121,000	-29,399,000	47,800,000	10,223,000	80,023,000	30,853,000	25,494,000	48,577,000	58,061,000	45,538,000	33,868,000	42,468,000	47,393,000	49,022,000	52,120,000	19,645,000	59,858,000	28,052,000	37,169,000	7,018,000	59,643,000	35,270,000
investing activities
additions to property, plant and equipment 1
acquisition of business					0	0
proceeds from business divestiture
net cash flows from investing activities					959,500,000	-65,500,000			-59,500,000				-26,800,000								-29,900,000	-2,400,000			-14,320,000	-17,365,000	-36,827,000	-71,588,000	-121,674,000	-24,504,000	-30,131,000	-47,662,000	-62,900,000	-50,605,000	-43,413,000	-41,879,000	-117,242,000	-48,120,000	-26,439,000	-30,705,000	-40,674,000	27,157,000	-79,297,000	14,266,000	18,983,000	37,697,000	-16,214,000	-4,779,000
financing activities
borrowings on long-term debt	10,000,000	7,000,000			-100,000	26,800,000
repayments of long-term debt	-100,000	-200,000	-18,100,000	-200,000	-880,200,000	-20,600,000	-6,800,000	-23,500,000	-325,400,000	0	0	-200,000		9,800,000	-14,700,000	-20,400,000		-40,100,000	0	-400,000		-257,200,000	-59,300,000	-1,100,000
taxes paid related to net share settlement of equity awards				-2,300,000				-3,100,000	-4,600,000	300,000	3,800,000	-4,200,000			500,000	-1,500,000			1,500,000	-1,600,000
repurchases of common stock	0	-2,100,000	-4,200,000	-10,900,000	-4,000,000	-3,000,000	-2,500,000	-500,000	-12,900,000	3,400,000	-6,700,000	-1,700,000	-4,000,000	2,900,000
payments for debt issuance costs																					-100,000				-456,000
net cash flows from financing activities	5,800,000	-15,800,000			-880,300,000	-700,000			-123,900,000				-62,900,000							-1,400,000	-146,200,000	67,600,000	-152,100,000	37,800,000	-45,363,000	14,343,000	22,353,000	90,667,000	19,134,000	39,690,000	-8,678,000	13,135,000	44,666,000	1,987,000	-22,124,000	-10,665,000	106,044,000	-3,412,000	-13,787,000	-21,699,000	-19,253,000	-44,850,000	1,108,000	-39,853,000	-42,399,000	-53,618,000	-44,990,000	-30,124,000
increase in cash and cash equivalents				-35,600,000	44,200,000																																		7,167,000	-3,382,000
cash and cash equivalents at beginning of period	0	0	0	79,600,000	0	-13,200,000																									0	15,738,000	0	0	0	23,001,000	0	0	0	5,610,000
cash and cash equivalents at end of period	-3,700,000	-12,300,000	2,700,000	44,000,000	44,100,000	-4,100,000																									41,214,000	12,064,000	7,260,000	-41,000	-7,476,000	15,995,000	22,670,000	-9,064,000	7,167,000	2,228,000
supplemental disclosures of cash flow information:
cash paid for interest, net of amounts capitalized	1,100,000	7,500,000	800,000	6,500,000	9,700,000	34,700,000	-1,900,000	9,900,000	23,200,000	13,800,000	-13,800,000	14,600,000	17,600,000	14,200,000	-14,400,000	15,600,000	20,100,000	13,300,000	-13,500,000	16,100,000	25,500,000	14,600,000	-14,300,000	19,200,000	-389,000	22,362,000	1,280,000	15,147,000	-1,315,000	13,155,000	367,000	13,927,000	218,000	13,557,000	-108,000	14,418,000	-550,000	13,872,000	-503,000	13,871,000	-234,000	14,149,000							13,359,000	6,462,000	13,360,000	2,966,000	17,720,000	-4,088,000			21,292,000
cash paid for income taxes, net of refunds received	-3,600,000				4,200,000
amortization of deferred debt costs		600,000				1,300,000
changes in operating assets and liabilities:
increase in accounts receivable		4,200,000					-73,400,000	7,800,000							-700,000	-10,600,000		0	-38,600,000	25,700,000				-37,300,000
increase in inventories		0	-26,200,000	900,000				-8,200,000
additions to property, plant and equipment, net 1		-18,300,000	-22,900,000	-32,700,000		-65,500,000	400,000	-18,500,000		-1,400,000	8,700,000	-21,500,000
adjustment to proceeds from business divestiture
net cash flows used in investing activities		-30,400,000	-22,900,000	-32,700,000				-18,500,000			8,700,000	-21,500,000			2,500,000	-7,900,000		1,000,000	1,200,000	-11,100,000				-10,500,000
payments of debt issuance costs						-800,000
decrease in cash and cash equivalents		-12,200,000																														-3,674,000				-7,006,000
cash paid for income taxes			57,200,000	200,000					3,800,000	-2,300,000			30,100,000								-3,200,000				1,398,000	284,000	1,899,000	19,000	2,071,000	148,000	1,375,000	142,000	317,000	38,000	2,123,000	206,000	1,605,000	5,165,000	10,143,000	742,000	16,963,000	10,856,000	5,512,000	2,518,000	655,000	1,985,000	3,202,000	1,009,000	856,000	320,000	1,113,000	967,000	979,000	6,300,000	8,404,000	3,036,000	3,040,000
decrease in accounts receivable				11,100,000	-24,900,000								-21,100,000								-6,700,000	-6,000,000
increase in other current assets				200,000				-2,300,000									-2,600,000	-3,600,000	4,700,000	-200,000				-9,000,000
net cash flows used in financing activities				-4,400,000				-27,600,000			-2,600,000	-6,300,000			-18,100,000	-21,900,000		-40,000,000
supplemental disclosures of cash flow information
changes in operating assets and liabilities, excluding the effects of acquired business:
increase in cash, cash equivalents
increase in cash, cash equivalents and restricted cash								13,200,000	-80,900,000	44,200,000	61,300,000	-37,000,000	47,300,000	-52,200,000	21,900,000	11,200,000	22,400,000	-36,900,000	-17,400,000	21,200,000	15,000,000	12,000,000	-52,000,000	39,400,000	12,152,000	-33,979,000
cash, cash equivalents and restricted cash at beginning of period								42,000,000	12,700,000	24,300,000	-37,000,000	54,400,000	-44,400,000	33,100,000	11,300,000	26,200,000	-25,100,000	3,800,000	21,300,000	36,900,000	-26,800,000	-12,600,000	39,400,000	22,400,000	-47,000	0
cash, cash equivalents and restricted cash at end of period								55,200,000	-68,200,000	68,500,000	24,300,000	17,400,000	2,900,000	-19,100,000	33,100,000	37,500,000	-2,700,000	-33,100,000	3,800,000	58,200,000	-11,700,000	-600,000	-12,600,000	61,800,000	12,105,000	-33,979,000
cash, cash equivalents, and restricted cash
cash and cash equivalents								55,200,000		68,500,000	25,000,000	16,700,000		-18,700,000	33,100,000	36,400,000		-33,100,000	3,800,000	57,100,000		-700,000	-12,600,000	60,800,000
restricted cash included in other current assets
total cash, cash equivalents and restricted cash								55,200,000		68,500,000	24,300,000	17,400,000		-19,100,000	33,100,000	37,500,000		-33,100,000	3,800,000	58,200,000		-600,000	-12,600,000	61,800,000
net proceeds from divested assets																													0
increase in cash from changes in operating assets and liabilities:
accounts receivable										31,300,000	-1,300,000	-6,400,000
inventories										1,600,000	27,600,000	-22,300,000
other current assets										-2,500,000
accounts payable and accrued liabilities										4,700,000	21,000,000	-31,700,000
borrowings on short-term debt												12,000,000													14,423,000	97,950,000	146,565,000	290,362,000
repayments of borrowings on short-term debt												-12,000,000													-58,985,000	-275,955,000	-123,781,000	-198,979,000
restricted cash included in other assets															0	1,100,000		0	0	1,100,000		0	100,000	1,000,000
restricted cash included in other current assets and other assets												700,000
decrease in inventory																					39,100,000	-26,100,000
borrowings of short-term debt																							-68,500,000	88,500,000
repayments of short-term debt																							-25,100,000	-48,800,000
borrowings of long-term debt
repayment of long-term debt																																													0				0	0	0	-150,000,000
increase in inventory														-33,400,000	-1,600,000	-4,200,000		-8,400,000	34,600,000	-29,700,000				40,900,000
additions to property, plant and equipment														-1,300,000	2,500,000	-7,900,000	-29,500,000	1,000,000	1,200,000	-11,100,000	-29,900,000	-2,400,000	3,200,000	-10,500,000	-14,306,000	-17,375,000	-36,831,000	-71,588,000	-121,674,000	-95,434,000	-30,170,000	-48,430,000	-63,098,000	-50,941,000
cash paid (received) for income taxes
proceeds from sale of stock under employee awards																				500,000
loss on sale or impairment associated with divested assets
cash flows from operating activities
stock-based compensation expense																		3,100,000	-1,700,000	2,400,000		-900,000	1,900,000	1,500,000
deferred and other income taxes																		23,800,000	-21,000,000	-400,000
pension and other postretirement employee benefits
debt retirement costs																					2,000,000	2,900,000																																											0	0
non-cash charges associated with mill closure
cash flows from investing activities
cash flows from financing activities
pension and other postretirement employment benefits																			-200,000	1,700,000
cash (received) for income taxes
gain on divested assets																								-1,400,000					0
decrease in accounts payable and accrued liabilities																				-6,200,000
cash (received) paid for income taxes																				-8,400,000
increase in trade payables																					-20,600,000	15,700,000	1,400,000	-13,000,000
increase in accrued compensation																					-2,000,000	-17,000,000
increase in other accrued liabilities																					16,300,000	-19,700,000
proceeds from long-term debt																																													0				0	0	0	275,000,000
restricted cash
pension and other post retirement employment benefits																							400,000	800,000
cash paid for income taxes, net of amounts received for refunds
other non-cash activity																								900,000	1,776,000	1,516,000	-228,000	-564,000
decrease in accrued compensation																								-10,900,000
decrease in other accrued liabilities																								-100,000
cash received from refunds, net of amounts paid for income taxes
pension and other post employment benefits
disposal of plant and equipment																													598,000				298,000			370,000	1,351,000				383,000	837,000	302,000	-30,000	212,000	325,000	-7,000	429,000	1,458,000
decrease in taxes receivable
purchase of treasury stock																																	0	0	0	-4,875,000	-13,799,000	-16,360,000	-7,507,000	-27,661,000	-15,685,000	-47,157,000	0	-37,148,000	0	-25,678,000	-44,990,000	-29,332,000	-24,217,000	-15,799,000	-9,818,000	-50,166,000	-9,295,000	-1,886,000			-1,347,000
cash received from income tax refunds																									262,000	5,000	43,000	190,000	807,000	202,000	11,408,000	1,873,000	1,650,000	338,000	99,000	5,551,000	746,000	37,000	172,000	10,334,000	429,000	75,000	1,550,000	479,000	1,371,000	6,326,000	37,000	4,133,000	757,000	24,000	165,000	631,000	613,000	0	1,007,000	600,000	4,526,000
net earnings																										-10,973,000	-424,000	3,837,000	-187,772,000	34,444,000	6,961,000	2,600,000	80,924,000	863,000	8,037,000	7,515,000	9,343,000	901,000	20,864,000	18,446,000	11,565,000	23,064,000	15,597,000	5,757,000	-27,247,000	6,253,000	12,453,000	6,226,000	82,862,000	13,317,000	11,658,000	-882,000	19,852,000	19,064,000	21,489,000	3,726,000	11,502,000	8,645,000	13,923,000	5,604,000	37,786,000	14,988,000	20,568,000	458,000	47,160,000	46,209,000	75,448,000	13,647,000
adjustments to reconcile net earnings to net cash flows from operating activities:
employee benefit plans																													-218,000	-224,000	14,000	312,000	-1,372,000	-816,000	-1,395,000	-788,000	-1,479,000	2,061,000	-1,172,000	-1,389,000	889,000	684,000	629,000	809,000	512,000	624,000	91,000	888,000	2,330,000	2,703,000	2,405,000	2,693,000	2,669,000	2,657,000	2,358,000	1,682,000	10,645,000	2,082,000	1,773,000	2,397,000	6,949,000	2,734,000	2,019,000	3,309,000	7,416,000	3,507,000	2,574,000	3,240,000
amortization of deferred issuance costs on debt
loss on retirement of debt
changes in working capital																										-48,120,000	11,985,000	-62,131,000		-28,915,000	35,073,000	1,244,000		20,104,000	24,831,000	-1,089,000		17,439,000	-3,846,000	-9,548,000	-630,000	-13,838,000	25,852,000	3,457,000	942,000	-28,008,000	20,474,000	-5,656,000	-15,069,000	43,852,000	-33,937,000	-9,868,000	9,847,000	28,813,000
changes in taxes receivable																										1,222,000	-962,000	-680,000		2,036,000	10,035,000	1,463,000		-9,098,000	-1,368,000	5,597,000		-6,890,000	-65,000	14,172,000		0	0	1,255,000		4,231,000	-1,860,000	5,523,000		530,000
repayments of borrowings on long-term debt
increase in accrued property, plant and equipment																										-8,025,000	-9,986,000	-28,443,000
deferred issuance costs on debt																																				222,000
changes in non-current accrued taxes																																														113,000	17,000	19,000		-7,772,000						3,643,000
decrease in cash, cash equivalents, and restricted cash																												-10,320,000
cash, cash equivalents, and restricted cash at beginning of period																												24,947,000
cash, cash equivalents, and restricted cash at end of period																												14,627,000
other non-cash additions to property, plant and equipment																												493,000
changes in working capital, net of acquisition
change in taxes receivable																																																				9,547,000	-8,910,000	1,895,000	695,000	-4,508,000	2,382,000	-225,000	-12,157,000	10,354,000		-2,936,000	61,990,000	39,353,000
acquisition of manchester industries, net of cash acquired
payment of tax withholdings on equity-based payment arrangements																																				-790,000	-445,000	-22,000	-423,000	-43,000	-1,023,000	-81,000	0	-3,048,000	-731,000	0	0	-792,000	-658,000	-1,978,000	0	-2,195,000	-269,000	0	-2,000	-12,963,000
supplemental disclosures of non-cash investing and financing activities:
changes in accrued property, plant and equipment																													-36,223,000	-10,394,000	87,542,000	1,317,000	-3,236,000	-1,672,000
non-cash reclassification of credit facility borrowings to long-term debt																													0
other changes to property, plant and equipment																																	-259,000
other non-cash adjustments																														472,000	91,000	336,000
borrowings on revolving credit facilities																														198,391,000	36,738,000	87,325,000	113,308,000	68,000,000	26,000,000	91,000,000
repayments of borrowings on revolving credit facilities																														-158,391,000	-45,238,000	-73,825,000		-66,000,000	-48,000,000	-96,000,000
increase in cash, cash equivalents, and restricted cash
supplemental disclosures of non-cash investing and financing activities
non-cash additions to property, plant and equipment
excess tax benefits from equity-based payment arrangements																																					-155,000	-9,000			2,415,000	-2,389,000	-1,116,000	-343,000	644,000								-6,644,000	-3,400,000	-3,648,000	-2,145,000
funding of qualified pension plans																																									0	0	-1,618,000	-1,561,000	-998,000	-7,068,000	-4,575,000	-4,314,000	-2,439,000	-7,978,000	-1,607,000	-3,026,000	-3,002,000	-2,100,000	0	-15,525,000	-2,698,000	-1,300,000	0	-8,500,000	-10,000,000	-6,100,000
change in short-term investments																																																				-65,000,000	17,000,000	-17,000,000	5,000,000	30,001,000	30,000,000	6,999,000	48,095,000	-14,000,000	208,998,000	-15,031,000	-86,967,000	-45,074,000	-41,923,000	-72,818,000	-60,208,000	-2,177,000
proceeds from sale of assets																																				368,000					17,000	80,000	1,000	506,000	242,000	114,000	159,000	460,000					0	0
repayments of borrowings on revolving credit facilities'
supplemental disclosures of non-cash investing activities:
deferred tax provision																																		6,711,000	3,516,000	4,375,000	5,998,000	3,655,000	4,309,000	4,365,000	28,484,000	-9,923,000	-1,150,000	-1,330,000	918,000	3,038,000	8,684,000	1,173,000	15,307,000	-294,000
non-cash adjustments to unrecognized taxes																																				63,000	911,000	7,000	-9,000	-151,000	103,000	-144,000	11,000	-990,000
changes in short-term investments																																						0	0	250,000		50,000,000	-49,000,000	39,000,000		59,000,000	0	11,000,000		-9,000,000
additions to plant and equipment																																				-42,247,000	-49,835,000	-48,120,000	-26,439,000	-30,955,000	-50,441,000	-22,923,000	-30,298,000	-25,240,000	-38,999,000	-21,417,000	-16,373,000	-16,239,000	-36,193,000	-22,987,000	-11,942,000	-19,471,000	-48,411,000	-54,446,000	-59,398,000	-41,521,000	-46,818,000	-22,952,000	-40,807,000	-23,492,000	-22,975,000	-7,593,000	-10,261,000	-5,257,000	-4,830,000	-4,833,000	-6,106,000	-3,559,000
changes in accrued plant and equipment																																				-443,000	-3,506,000	6,675,000	2,382,000	-5,223,000	37,000	10,352,000	-753,000	-4,434,000	2,356,000	4,743,000	577,000	-1,489,000
impairment of assets																																													3,078,000	890,000	0	4,259,000
loss on divestiture of assets
repayments of revolving credit facilities' borrowings
property acquired under capital lease																																																									0	996,000
deferred issuance costs on long-term debt																																						218,000	206,000	213,000
borrowings on revolving credit facility																																						467,675,000	353,882,000	123,287,000
repayments of revolving credit facility borrowings																																						-454,663,000	-359,887,000	-117,282,000
unsettled repurchases of common stock
deferred issuance costs and discounts on long-term debt																																									214,000	268,000	268,000	178,000	277,000	4,915,000	474,000	475,000	474,000	473,000	473,000	3,544,000
payments for long-term debt issuance costs																																													-7,000				-3,000	-55,000
increase in cash																																												2,465,000	13,753,000			367,000	2,746,000	19,749,000	-8,358,000	-3,041,000	-6,985,000	2,349,000	-7,329,000	16,105,000	-12,632,000	-13,405,000	15,384,000	164,000	-2,579,000	8,510,000	-4,264,000	14,437,000			709,000	-366,000
cash at beginning of period																																									0	0	0	27,331,000	0	0	0	23,675,000	0	0	0	12,579,000	0	0	0	8,439,000	0
cash at end of period																																									-7,807,000	1,952,000	-18,331,000	29,796,000	13,753,000	-8,903,000	-1,561,000	24,042,000	2,746,000	19,749,000	-8,358,000	9,538,000	-6,985,000	2,349,000	-7,329,000	24,544,000	-12,632,000
changes in short-term borrowings
decrease in cash																																										1,952,000
supplemental disclosures of non-cash investing activities
cash paid for interest																																												14,340,000		14,871,000	13,359,000	6,188,000											22,123,000	92,000
change in non-current accrued taxes																																																				-3,177,000	74,000	635,000							-6,198,000				21,220,000
cash paid for acquisitions, net of cash acquired
balance, december 31, 2011
performance share and restricted stock unit awards
pension and opeb, net of tax of
amortization of deferred taxes related to actuarial gain on other postretirement employee benefit obligations
balance, december 31, 2012
pension and opeb, net of tax of 36,346
balance, december 31, 2013
pension and opeb, net of tax of 8,761
foreign currency translation amounts reclassified from accumulated other comprehensive loss
balance, december 31, 2014
change in restricted cash																																																					0				-269,000	1,324,000
effect of exchange rate changes																																																									208,000
adjustments to reconcile net earnings to net cash from operating activities:
net cash from operating activities																																																		69,568,000	8,458,000	13,514,000	38,110,000	72,283,000	49,857,000	38,443,000	-3,908,000	27,411,000	6,311,000	38,581,000	-4,163,000	24,676,000	94,118,000	70,960,000	41,716,000	76,870,000	71,407,000	34,771,000
capital expenditures																																																		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows																																																		69,568,000	8,458,000	13,514,000	38,110,000	72,283,000	49,857,000	38,443,000	-3,908,000	27,411,000	6,311,000	38,581,000	-4,163,000	24,676,000	94,118,000	70,960,000	41,716,000	76,870,000	71,407,000	34,771,000
net cash from investing activities																																																		-31,987,000	-6,942,000	-84,471,000	-40,675,000	-71,446,000	-53,363,000	-11,520,000	-3,992,000	-15,953,000	7,288,000	-37,492,000	-57,755,000	-22,624,000	-97,228,000	-50,331,000	-46,686,000	-77,651,000	-66,314,000	-5,736,000
net cash from financing activities																																																		-17,832,000	-9,874,000	67,916,000	-4,420,000	1,512,000	-3,823,000	-10,818,000	-4,940,000	-25,061,000	1,882,000	-977,000	59,339,000	6,458,000	-1,154,000	-6,192,000	5,145,000	-131,000	-4,384,000	-29,401,000
increase in accrued plant and equipment																																																		970,000	5,056,000	2,213,000	81,000	974,000	-6,386,000	8,670,000	-1,413,000
deferred tax expense																																																				-12,614,000	-387,000	477,000	904,000	11,876,000	2,466,000	1,658,000	8,652,000	2,001,000
payment of long-term debt issuance costs																																																				-4,723,000
net proceeds from long-term debt																																																																	750,000	0
repayment of cellu tissue debt
change in working capital																																																								15,772,000
supplemental disclosures of non-cash investing
activities:
change in working capital, net of acquisition
acquisition of cellu tissue, net of cash acquired
deferred loan fees																																																																	0	-25,000
payment of employee restricted stock tax withholdings																																																									-902,000	0	-28,000	-1,470,000	0	-31,000	-19,000	-3,420,000
decrease in notes payable
repayment of note payable to potlatch
change in payable to potlatch
working capital changes																																																										-5,789,000	-29,949,000	3,117,000		2,146,000	1,995,000	14,123,000		-29,526,000	-28,424,000	1,400,000
change in book overdrafts																																																										686,000	1,990,000	881,000	-685,000	6,716,000	-1,136,000	-5,324,000	4,373,000	-472,000	-1,107,000	-2,781,000
repayment of debt																																																										-15,215,000	0	-380,000
supplemental disclosure of cash flow information:
supplemental disclosure of non-cash investing activities:
cash flows from operations
cash flows from investing
cash flows from financing
effect of foreign currency																																																											-97,000	52,000
balance at beginning of period																																																											0	18,928,000	0	0	0	2,824,000		0	0	3,218,000
balance at end of period																																																											15,384,000	19,092,000	-2,579,000	8,510,000	-4,264,000	17,261,000		-912,000	709,000	2,852,000
cash paid for taxes																																																											24,925,000	10,544,000
cash received from tax refunds																																																											130,000	29,152,000
adjustments to reconcile net earnings to net operating cash flows:
increase in other assets																																																																			186,000	-401,000
excess tax benefit from equity-based payment arrangements																																																													1,760,000	-30,000	-16,000	-2,569,000
increase in notes payable
net payments to potlatch
repayment of notes payable																																																																		0	-40,000,000	-10,000,000
repayment of payable to potlatch																																																																		0
loss on disposal of plant and equipment																																																																	161,000
decrease in receivables
increase in taxes receivables
decrease in prepaid expenses
increase in taxes payable
excess tax benefit from share-based payment arrangements																																																																	-46,000	-11,000
balance at beginning of year
balance at end of year
cash flows from continuing operations
repayment to potlatch																																																																				-16,529,000
payable to potlatch

Clearwater Paper Corporation(NYSE:CLW)

Clearwater Paper Corporation
(NYSE:CLW)