XML 20 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Net revenues $ 1,415.6 $ 1,683.7 $ 2,539.7 $ 3,094.9
Cost of sales 584.0 632.3 1,048.9 1,194.2
Gross profit 831.6 1,051.4 1,490.8 1,900.7
Selling, general and administrative expenses 641.5 916.4 1,224.9 1,723.1
Amortization expense 61.8 50.8 127.2 109.1
Restructuring costs 59.6 128.7 89.7 133.5
Acquisition and divestiture-related costs 51.7 36.0 98.0 36.0
Gain on divestitures and sale of brand assets 0.0 0.0 0.0 (84.5)
Operating income (loss) 17.0 (80.5) (49.0) (16.5)
Interest expense, net 59.2 58.4 121.3 121.5
Other expense, net 17.6 1.4 11.8 3.7
Loss from continuing operations before income taxes (59.8) (140.3) (182.1) (141.7)
Benefit for income taxes on continuing operations (40.8) (39.0) (285.7) (57.2)
Net (loss) income from continuing operations (19.0) (101.3) 103.6 (84.5)
Net (loss) income from discontinued operations (235.6) 84.9 (130.9) 124.4
Net (loss) income (254.6) (16.4) (27.3) 39.9
Net (loss) income attributable to noncontrolling interests (2.5) 0.5 (2.1) 3.3
Net income attributable to redeemable noncontrolling interests 0.2 4.2 5.7 5.4
Net (loss) income attributable to Coty Inc. (252.3) (21.1) (30.9) 31.2
Amounts attributable to Coty Inc.        
Net (loss) income from continuing operations (16.7) (106.0) 100.0 (93.2)
Convertible Series B Preferred Stock dividends (23.1) 0.0 (43.9) 0.0
Net (loss) income from continuing operations attributable to common stockholders (39.8) (106.0) 56.1 (93.2)
Net (loss) income from discontinued operations (235.6) 84.9 (130.9) 124.4
Net (loss) income attributable to common stockholders $ (275.4) $ (21.1) $ (74.8) $ 31.2
(Loss) earnings per common share        
(Loss) earnings from continued operations per common share - basic (in dollars per share) $ (0.05) $ (0.14) $ 0.07 $ (0.12)
(Loss) earnings from continued operations per common share - diluted (in dollars per share) (0.05) (0.14) 0.07 (0.12)
(Loss) earnings from discontinued operations - basic (in dollars per share) (0.31) 0.11 (0.17) 0.16
(Loss) earnings from discontinued operations - diluted (in dollars per share) (0.31) 0.11 (0.17) 0.16
(Loss) earnings per common share - basic (in dollars per share) (0.36) (0.03) (0.10) 0.04
(Loss) earnings per common share - diluted (in dollars per share) $ (0.36) $ (0.03) $ (0.10) $ 0.04
Weighted-average common shares outstanding:        
Basic (in shares) 764.6 758.1 764.3 756.1
Diluted (in shares) 764.6 758.1 926.6 761.2