BOISE CASCADE Co
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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Jun 30, 2025 · Filed Aug 4, 2025
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10. Transactions With Related Party
- Transactions With Related Party
Louisiana Timber Procurement Company, L.L.C. (LTP) is an unconsolidated variable-interest entity that is 50% owned by us and 50% owned by Packaging Corporation of America (PCA). LTP procures sawtimber, pulpwood, residual chips, and other residual wood fiber to meet the wood and fiber requirements of us and PCA in Louisiana. We are not the primary beneficiary of LTP as we do not have power to direct the activities that most significantly affect the economic performance of LTP. Accordingly, we do not consolidate LTP's results in our financial statements.
Sales
Related-party sales to LTP from our Wood Products segment in our Consolidated Statements of Operations were $2.2 million and $3.1 million, respectively, during the three months ended June 30, 2025 and 2024, and $3.8 million and $5.7 million, respectively, during the six months ended June 30, 2025 and 2024. These sales are recorded in "Sales" in our Consolidated Statements of Operations.
Costs and Expenses
Related-party wood fiber purchases from LTP were $17.9 million and $21.3 million, respectively, during the three months ended June 30, 2025 and 2024, and $32.8 million and $41.1 million, respectively, during the six months ended June 30, 2025 and 2024. These costs are recorded in "Materials, labor, and other operating expenses (excluding depreciation)" in our Consolidated Statements of Operations.
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