Sold Cutting and Welding Division — $325 million
Sold office building in San Francisco — $30 million
Gutted PL's employee pension fund — $60 million
Sold the Butano Forest — $7 million
Dividend from 1998 refinancing — $250 million
Sale of Headwaters Grove & Elkhead Springs Grove in Headwaters Deal — $480 million
Timber harvest profits since 1986 — $2.5 billion
Total Earnings Since 1985: $3.6 Billion
Total debt in 1985: $868 million
Total debt in 2005: $760 million
Where Did the Money Go? Dividends paid to Maxxam and subsidiaries by Scotia Pacific
94 — $88.9 million
95 — $59 million
96 — $76.9 million
97 — $60.8 million
98 — $533 million
01 — $79.9 million
02 — $29.4 million
Total to Maxxam: $927.9 Million
Thanks to the Humboldt Watershed Council for providing compilation of this information. See their website at www.epochdesign.com
