Investor Presentaiton
($ in millions, except per share data)
Full Year FY21
Consolidated Results
Pre-Tax
Tax
Net of Tax
EPS
ADJUSTED NET
INCOME AND
ADJUSTED
EARNINGS PER
DILUTED SHARE
RECONCILIATION
As reported
(1)
Restructuring and other items
$ 1,085.9
$ (243.4)
$
842.5
$
3.13
31.5
(7.7)
23.8
0.09
COVID-19 employee payments
22.0
(5.4)
16.6
0.06
Grupo Gondi option
22.5
(6.7)
15.8
0.06
Ransomware recovery costs, net of insurance proceeds
18.9
(4.7)
14.2
0.05
Accelerated compensation - former CEO
11.7
11.7
0.04
Loss on extinguishment of debt
9.7
(2.4)
7.3
0.03
Losses at closed plants, transition and start-up costs
3.0
(0.6)
2.4
0.01
Accelerated depreciation on major capital projects and
0.7
(0.2)
0.5
95
certain plant closures
Gain on sale of investment
(16.0)
2.4
(13.6)
(0.05)
Gain on sale of saw mill
(16.5)
8.3
(8.2)
(0.03)
Gain on sale of certain closed facilities
(0.9)
0.2
(0.7)
Brazil indirect tax claim
(0.9)
0.3
(0.6)
MEPP liability adjustment due to interest rates
(0.4)
0.1
(0.3)
Adjustments/Adjusted Results
$
1,171.2
$
(259.8)
911.4
$
3.39
Noncontrolling interests
(4.2)
Adjusted Net Income
$
907.2
29
29
1)
The as reported results for Pre-Tax, Tax, Net of Tax and EPS are equivalent to the line items "Income before income taxes", "Income tax expense",
"Consolidated net income" and "Earnings per diluted share", respectively, as reported on the statements of income.
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