POTLATCH CORP (OLD) (PCH) [Rocket]

In millions, except per share items	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01	Dec-31-00
	10-K	10-K	10-K	10-K/A	10-K
Revenues	1,351.5	1,192.4	1,106.3	1,278.9	1,293.2
Revenue growth	13.3%	7.8%	-13.5%	-1.1%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0
Gross profit	1,351.5	1,192.4	1,106.3	1,278.9	1,293.2
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative	85.6	75.8	72.1	82.8	85.5
Other operating expenses	1,172.0	1,095.8	1,019.6	1,210.7	1,153.6
EBIT [+]	93.9	20.9	14.7	-14.7	54.1
EBIT growth	350.2%	42.0%	-200.0%	-127.2%
EBIT margin	6.9%	1.7%	1.3%	-1.1%	4.2%
Non-recurring items	1.2	-0.5	9.0	2.8	46.4
Interest expense, net [+]	42.2	34.1	57.9	75.3	59.4
Interest expense	45.9	48.2	59.9	77.9	59.4
Interest income	3.6	14.1	1.9	2.6
Other income (expense), net	-25.2	-0.2	-15.4		-3.0
Pre-tax income	25.3	-13.0	-67.6	-92.7	-54.7
Income taxes	10.0	-9.1	-26.4	-36.2	-21.3
Tax rate	39.4%	70.4%	39.0%	39.0%	39.0%
Earnings from continuing ops	15.3	-3.8	-41.2	-56.6	-33.4
Earnings from discontinued ops	422.0	89.5	-316.7	-37.5	0.3
Net income	271.2	50.7	-234.4	-79.4	-33.2
Net margin	20.1%	4.3%	-21.2%	-6.2%	-2.6%

Basic EPS [+]	$0.52	($0.13)	($1.45)	($2.00)	($1.17)
Growth	-489.1%	-90.7%	-27.7%	71.6%
Diluted EPS [+]	$0.52	($0.13)	($1.45)	($2.00)	($1.17)
Growth	-487.4%	-90.7%	-27.7%	71.6%

Shares outstanding (basic) [+]	29.4	28.7	28.5	28.3	28.6
Growth	2.5%	0.6%	0.7%	-1.3%
Shares outstanding (diluted) [+]	29.5	28.7	28.5	28.3	28.6
Growth	3.0%	0.6%	0.7%	-1.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.