Statement of Income Revenues
Sales
Other income (expense), net
Year Ended December 31
2015
2014
2013
(expressed in thousands)
$3,820,810 $3,739,970 $3,737,220
8,310 (4,150) 52,240
3,829,120 3,735,820 3,789,460
Costs and expenses
Materials, labor, and other operating expenses
Depreciation and cost of company timber harvested
Selling and administrative expenses
2,881,800
185,600
340,080
3,407,480
2.925,870
191,360
337,990
3,455,220
2,997,570
176,320
355,200
3,529,090
421,640
280.600
260,370
Income from operations
Interest expense
Interest income
Foreign exchange gain (loss)
Income before income taxes
Income tax provision
Net income
Preferred dividends
Net income available to common shareholders
Average number of common shares outstanding
Net income per common share
(104,430)
3,970
(2.940)
(103,400)
318,240
135.250
182.990
7.050
$ 175,940
47,546
$3.70
(114,160)
6,210
(550)
(108,500)
172,100
70,560
101.540
6,620
S94.920
47,715
S1.99
(114,080)
6,980
4,740
(102,360)
158,010
53.720
104,290
10.220
$ 94,070
45.389
$2.07
a. What were total sales in 2015?
b. How much had total sales increased from 2014?