Income Statement

Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Restated) Year Ending Dec 2018 (Restated) Year Ending Dec 2017 (Restated)
Net Sales 141.84 174.45 203.57 123.42
Revenue 141.84 174.45 203.57 123.42
Total Revenue 141.84 174.45 203.57 123.42
Selling/General/Administrative Expense 47.58 55.63 59.69 64.31
Selling/General/Administrative Expenses, Total 47.58 55.63 59.69 64.31
Depreciation 57.17 57.17 68.84 60.31
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization 57.17 57.17 68.84 60.31
Litigation -- -- -- --
Impairment-Assets Held for Use 18.80 12.00 14.60 27.50
Loss (Gain) on Sale of Assets - Operating -1.21 -5.54 -3.33 -3.88
Other Unusual Expense (Income) -- -- 0.64 0.00
Unusual Expense (Income) 17.59 6.46 11.91 23.62
Other Operating Expense 91.15 109.52 132.27 104.82
Other Operating Expenses, Total 91.15 109.52 132.27 104.82
Total Operating Expense 213.48 228.78 272.71 253.07
Operating Income -71.64 -54.33 -69.15 -129.64
Interest Expense - Non-Operating -30.69 -28.96 -27.40 -16.04
Interest Expense, Net Non-Operating -30.69 -28.96 -27.40 -16.04
Interest Income, Non-Operating 1.27 1.39 1.22 1.80
Investment Income, Non-Operating 3.02 -2.47 1.46 29.52
Interest/Investment Income, Non-Operating 4.29 -1.08 2.68 31.31
Interest Income (Expense), Net Non-Operating -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -26.40 -30.04 -24.73 15.27
Other Non-Operating Income (Expense) -0.07 -0.11 0.65 -3.42
Other, Net -0.07 -0.11 0.65 -3.42
Net Income Before Taxes -98.11 -84.47 -93.22 -117.79
Income Tax – Total -22.92 -7.97 -13.35 -70.51
Income After Tax -75.18 -76.51 -79.87 -47.28
Minority Interest 4.07 5.86 4.44 5.64
Equity In Affiliates -8.16 -14.46 -3.55 3.85
Net Income Before Extraordinary Items -79.28 -85.11 -78.98 -37.79
Discontinued Operations 0.36 -7.73 1.37 0.99
Extraordinary Item -- -- -- 3.90
Total Extraordinary Items 0.36 -7.73 1.37 4.89
Net Income -78.92 -92.84 -77.61 -32.90
Income Available to Common Excluding Extraordinary Items -79.28 -85.11 -78.98 -37.79
Income Available to Common Stocks Including Extraordinary Items -78.92 -92.84 -77.61 -32.90
Basic Weighted Average Shares 24.79 23.51 20.93 17.60
Basic EPS Excluding Extraordinary Items -3.20 -3.62 -3.77 -2.15
Basic EPS Including Extraordinary Items -3.18 -3.95 -3.71 -1.87
Diluted Net Income -78.92 -92.84 -77.61 -32.90
Diluted Weighted Average Shares 24.79 23.51 20.93 17.60
Diluted EPS Excluding Extraordinary Items -3.20 -3.62 -3.77 -2.15
Diluted EPS Including Extraordinary Items -3.18 -3.95 -3.71 -1.87
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Impairment-Assets Held for Use, Supplemental -- -- -- --
Restructuring Charge, Supplemental 1.19 3.72 -- --
Non-Recurring Items, Total 1.19 3.72 -- --
Total Special Items 18.78 10.18 11.91 23.62
Normalized Income Before Taxes -79.33 -74.30 -81.32 -94.17
Effect of Special Items on Income Taxes 6.57 3.56 4.17 8.27
Income Taxes Excluding Impact of Special Items -16.35 -4.41 -9.19 -62.24
Normalized Income After Taxes -62.98 -69.89 -72.13 -31.93
Normalized Income Available to Common -67.08 -78.49 -71.24 -22.44
Basic Normalized EPS -2.71 -3.34 -3.40 -1.27
Diluted Normalized EPS -2.71 -3.34 -3.40 -1.27
Amortization of Intangibles, Supplemental -- -- -- --
Depreciation, Supplemental 57.17 57.17 68.84 60.31
Interest Expense, Supplemental 30.69 28.96 27.40 16.04
Interest Capitalized, Supplemental -0.70 -1.50 -2.40 -3.60
Rental Expense, Supplemental 6.21 13.44 13.24 14.45
Stock-Based Compensation, Supplemental 0.76 0.89 0.89 0.68
Equity in Affiliates, Supplemental -8.16 -14.46 -3.55 3.85
Minority Interest, Supplemental 4.07 5.86 4.44 5.64
Audit-Related Fees, Supplemental 1.05 1.08 -- --
Audit-Related Fees 0.00 0.00 -- --
Tax Fees, Supplemental 0.00 0.00 -- --
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 -- --
Operating Margin -50.51 -31.14 -33.97 -105.04
Pretax Margin -69.17 -48.42 -45.80 -95.44
Effective Tax Rate -- -- -- --
Net Profit Margin -55.89 -48.78 -38.80 -30.62
Normalized EBIT -52.86 -44.15 -57.24 -106.02
Normalized EBITDA 4.30 13.02 11.60 -45.71
Current Tax - Domestic -30.84 -0.01 5.99 -16.71
Current Tax - Foreign 5.53 5.01 3.39 3.34
Current Tax - Local 0.12 -0.08 0.00 -0.04
Current Tax - Total -25.18 4.92 9.38 -13.40
Deferred Tax - Domestic 2.44 -12.59 -21.47 -56.85
Deferred Tax - Foreign -0.04 -0.07 0.13 -0.08
Deferred Tax - Local -0.14 -0.22 -1.40 -0.17
Deferred Tax - Total 2.26 -12.89 -22.74 -57.11
Income Tax - Total -22.92 -7.97 -13.35 -70.51
Defined Contribution Expense - Domestic -- -- -- --
Defined Contribution Expense - Foreign 0.30 -- -- --
Total Pension Expense 0.30 -- -- --

In millions of USD (except for per share items)

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