EX-99.1 2 exhibit991-01.htm EXHIBIT Exhibit99.1 - 01
Exhibit 99.1

USG Corporation
Consolidated Statements of Operations
(Unaudited, USD in millions, except share and per share data)

 
Three months ended
 
Dec. 31, 2011
 
Mar. 31, 2012
 
June 30, 2012
 
Sept. 30, 2012
Net sales
$
726

 
$
783

 
$
798

 
$
828

Cost of products sold
688

 
681

 
696

 
722

     Gross profit
38

 
102

 
102

 
106

Selling and administrative expenses
76

 
76

 
74

 
74

Restructuring and long-lived asset impairment charges
5

 
2

 

 
3

     Operating (loss) profit
(43
)
 
24

 
28

 
29

Interest expense
53

 
52

 
52

 
50

Interest income
(1
)
 
(1
)
 
(1
)
 
(1
)
Loss on extinguishment of debt

 

 
41

 

Other expense (income), net

 
1

 
(2
)
 
(1
)
Loss from continuing operations before income taxes
(95
)
 
(28
)
 
(62
)
 
(19
)
Income tax expense (benefit)
5

 
1

 
(3
)
 
11

     Loss from continuing operations
(100
)
 
(29
)
 
(59
)
 
(30
)
Income from discontinued operations, net of tax

 
2

 
2

 
1

     Net loss
$
(100
)
 
$
(27
)
 
$
(57
)
 
$
(29
)
 
 
 
 
 
 
 
 
Earnings per common share - basic:
 
 
 
 
 
 
 
    Loss from continuing operations
$
(0.95
)
 
$
(0.28
)
 
$
(0.55
)
 
$
(0.29
)
    Income from discontinued operations

 
0.02

 
0.02

 
0.01

    Net loss
$
(0.95
)
 
$
(0.26
)
 
$
(0.53
)
 
$
(0.28
)
 
 
 
 
 
 
 
 
Earnings per common share - diluted:
 
 
 
 
 
 
 
    Loss from continuing operations
$
(0.95
)
 
$
(0.28
)
 
$
(0.55
)
 
$
(0.29
)
    Income from discontinued operations

 
0.02

 
0.02

 
0.01

    Net loss
$
(0.95
)
 
$
(0.26
)
 
$
(0.53
)
 
$
(0.28
)
 
 
 
 
 
 
 
 
Average common shares
105,361,746

 
105,718,156

 
106,089,602

 
107,380,328

Average diluted common shares
105,361,746

 
105,718,156

 
106,089,602

 
107,380,328



Net sales from discontinued operations, operating profit from discontinued operations and income from discontinued operations before income taxes were as follows:
 
Three months ended
 
Dec. 31, 2011
 
Mar. 31, 2012
 
June 30, 2012
 
Sept. 30, 2012
 
 
 
 
 
 
 
 
Net sales from discontinued operations
$
24

 
$
29

 
$
27

 
$
27

 
 
 
 
 
 
 
 
Operating profit from discontinued operations
$

 
$
3

 
$
3

 
$
1

 
 
 
 
 
 
 
 
Income from discontinued operations before income taxes
$

 
$
3

 
$
3

 
$
1