| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||
1,624,411 | 1,457,718 | 1,169,145 | 931,623 | 1,033,204 | 1,175,112 | 1,088,385 | 1,072,736 | 1,251,964 |
Pulp | ||||||||
- | - | - | - | - | 1,073,632 | 996,187 | 979,770 | 1,157,206 |
Energy and chemicals | ||||||||
- | - | - | - | - | 101,480 | 92,198 | 92,966 | 94,758 |
Costs and expenses | ||||||||
Cost of sales, excluding depreciation and amortization | ||||||||
1,340,380 | 1,032,101 | 866,019 | 700,494 | 753,523 | 887,712 | 920,832 | 886,144 | 965,723 |
Cost of sales depreciation and amortization | ||||||||
125,801 | 96,288 | 84,893 | 71,476 | 67,761 | 77,675 | 78,309 | 74,302 | 77,611 |
Gross profit | ||||||||
- | - | - | - | - | - | - | - | 208,630 |
Selling, general and administrative expenses | ||||||||
74,227 | 61,462 | 49,679 | 44,529 | 46,236 | 47,927 | 51,169 | 49,268 | 53,965 |
Restructuring expenses | ||||||||
- | - | - | - | - | - | 6,415 | 0 | 0 |
Operating income | ||||||||
84,003 | 267,867 | 168,554 | 115,124 | 165,684 | 161,798 | 31,660 | 63,022 | 154,665 |
Other income (expenses) | ||||||||
Interest expense | ||||||||
75,750 | 51,464 | 54,796 | 51,575 | 53,891 | 67,516 | 69,156 | 71,767 | 82,114 |
Loss on settlement of debt (Note 9(a)) | ||||||||
-4,750 | -21,515 | -10,696 | -454 | 0 | - | 0 | 0 | - |
Legal cost award | ||||||||
0 | 6,951 | 0 | 0 | - | - | - | - | - |
Acquisition commitment fee (Note 2) | ||||||||
0 | 5,250 | 0 | 0 | - | - | - | - | - |
Foreign exchange gain on intercompany debt | ||||||||
- | - | - | - | - | -4,777 | -904 | - | - |
Gain (loss) on derivative instruments (Note 13) | ||||||||
- | - | - | - | - | 11,501 | 19,709 | 4,812 | -1,974 |
Other income (expenses) | ||||||||
6,084 | -5,417 | 873 | -3,631 | -6,842 | 3,186 | 311 | -179 | 3,625 |
Total other expenses, net | ||||||||
-74,416 | -90,597 | -64,619 | -55,660 | -60,733 | -57,606 | -48,232 | -67,134 | -80,463 |
Income before provision for income taxes | ||||||||
9,587 | 177,270 | 103,935 | 59,464 | 104,951 | 104,192 | -16,572 | -4,112 | 74,202 |
Provision for income taxes | ||||||||
19,226 | 48,681 | 33,452 | 24,521 | 29,449 | - | - | - | - |
Current income tax provision (Note 6) | ||||||||
- | - | - | - | - | 5,242 | -2,286 | 9,531 | 2,341 |
Deferred income tax provision (Note 6) | ||||||||
- | - | - | - | - | -22,016 | 11,482 | -152 | -3,309 |
Net income | ||||||||
- | - | - | - | - | 120,966 | -25,768 | -13,491 | 75,170 |
Less: net income attributable to noncontrolling interest | ||||||||
- | - | - | - | - | 7,812 | 607 | 2,179 | 5,471 |
Net income (loss) | ||||||||
-9,639 | 128,589 | 70,483 | 34,943 | 75,502 | 113,154 | -26,375 | -15,670 | 69,699 |
Net income (loss) per common share | ||||||||
Basic | ||||||||
-0.15 | 1.97 | 1.09 | 0.54 | 1.17 | 1.82 | -0.47 | -0.28 | 1.39 |
Diluted | ||||||||
-0.15 | 1.96 | 1.08 | 0.54 | 1.17 | 1.81 | -0.47 | -0.28 | 1.24 |
Dividends declared per common share | ||||||||
0.53 | 0.50 | 0.47 | 0.46 | 0.23 | 0.00 | 0.00 | - | - |