-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, ZfrmF9HE5FHlha9JvZjBQT+RjMgzXga27q4L8DHa/BtfEBwae9ynmCEMQDt8KJ1y eSEO4wDoC6+n8qTXcOYWxg== 0000950130-95-000035.txt : 19950111 0000950130-95-000035.hdr.sgml : 19950111 ACCESSION NUMBER: 0000950130-95-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950109 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950110 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHAMPION INTERNATIONAL CORP CENTRAL INDEX KEY: 0000019150 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 131427390 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03053 FILM NUMBER: 95500792 BUSINESS ADDRESS: STREET 1: ONE CHAMPION PLAZA CITY: STAMFORD STATE: CT ZIP: 06921 BUSINESS PHONE: 2033587000 FORMER COMPANY: FORMER CONFORMED NAME: UNITED STATES PLYWOOD CHAMPION PAPERS IN DATE OF NAME CHANGE: 19720821 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 9, 1995 - ------------------------------------------------------------------------------- Date of Report (Date of earliest event reported) CHAMPION INTERNATIONAL CORPORATION - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) NEW YORK - ------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 1-3053 13-1427390 ------------------------ --------------------------------- (Commission File Number) (IRS Employer Identification No.) One Champion Plaza, Stamford, Connecticut 06921 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (203) 358-7000 - ------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Page 1 of 3 pages Item 5. Other Events. On January 9, 1995, Champion International Corporation (the "Company") issued a press release announcing certain unaudited financial results of the Company for the three months and the twelve months ended December 31, 1994. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. The following Exhibit is filed as part of this Report: Exhibit Number Description - -------------- ----------- 99 The Company's Consolidated Statement of Income for the three months and the twelve months ended December 31, 1994 (unaudited) and December 31, 1993. Page 2 of 3 pages SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Champion International Corporation By: /s/ Lawrence A. Fox ------------------------------- LAWRENCE A. FOX VICE PRESIDENT AND SECRETARY Dated: January 9, 1995 Page 3 of 3 pages EX-99 2 EXHIBIT 99 EXHIBIT 99 CHAMPION INTERNATIONAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME (in thousands, except per share)
Three Months Ended Twelve Months Ended December 31, December 31, -------------------- ------------------ 1994 1993 1994 1993 ---- ---- ---- ---- (Unaudited) (Unaudited) Net Sales: Paper $1,183,431 $ 992,663 $4,216,795 $3,817,579 Wood Products 281,943 307,564 1,101,397 1,251,254 ---------- ---------- ---------- ---------- 1,465,374 1,300,227 5,318,192 5,068,833 Income From Operations: Paper 113,331 (24,143) 70,887 (133,774) Wood Products 60,789 57,015 242,285 247,989 General Corporate Expense (10,124) (13,676) (47,172) (47,823) ---------- ---------- ---------- ---------- 163,996 19,196 266,000 66,392 Interest and debt expense 59,485 62,186 235,086 224,658 Other (income) expense - net (Note 1) (37,950) (10,142) (57,342) 7,410 ---------- ---------- ---------- ---------- Income (Loss) Before Income Taxes, Extraordinary Item and Cumulative Effect of Accounting Change 142,461 (32,848) 88,256 (165,676) Income Taxes (Benefit) (Note 2) 40,189 (2,284) 24,951 (31,222) ---------- ---------- ---------- ---------- Income (Loss) Before Extraordinary Item and Cumulative Effect of Accounting Change 102,272 (30,564) 63,305 (134,454) Extraordinary Item - Loss on Early Retirement of Debt, Net of Taxes --- (14,266) --- (14,266) Cumulative Effect of Accounting Change, Net of Taxes (Note 3) --- --- --- (7,523) ---------- ---------- ---------- ---------- Net Income (Loss) $ 102,272 $ (44,830) $ 63,305 $ (156,243) ========== ========== ========== ========== Earnings (Loss) Per Common Share: Income (Loss) Before Extraordinary Item and Cumulative Effect of Accounting Change: Recurring $ 0.73 $ (.35) $ 0.09 $ (1.44) Non-Recurring 0.29 (.06) 0.29 (.31) ---------- ---------- ---------- ---------- 1.02 (.41) 0.38 (1.75) Extraordinary Item - Loss on Early Retirement of Debt --- (.15) --- (.15) Cumulative Effect of Accounting Change --- --- --- (.08) ---------- ---------- ---------- ---------- Net Income (Loss) $ 1.02 $ (.56) $ 0.38 $ (1.98) ========== ========== ========== ==========
Note 1: Other (income) expense - net includes non-recurring pre-tax income of $34 million for the three month and twelve month periods ended December 31, 1994 and $10 million for the three month and twelve month periods ended December 31, 1993. Note 2: Income Taxes (Benefit) for the three month and twelve month periods ended December 31, 1994 includes a benefit of $7 million to reflect one-time adjustments to the company's deferred tax liability. The three month and twelve month periods ended December 31, 1993 include a provision of $11 million and $34 million, respectively, to reflect one-time adjustments to the company's deferred tax liability. Note 3: Cumulative Effect of Accounting Change for the twelve month period ended December 31, 1993 reflects the after-tax effect of adopting, retroactive to January 1, 1993, a new accounting standard for postemployment benefits. -----END PRIVACY-ENHANCED MESSAGE-----