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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Information [Abstract]  
Selected Quarterly Financial Data (Unaudited)

Note 27 — Selected Quarterly Financial Data (Unaudited)

 

Our results of operations by quarter for the years ended December 31, 2016 and 2015 were as follows:

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

 

Total

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

1,442.4

 

 

$

1,583.6

 

 

$

1,652.3

 

 

$

2,012.6

 

 

$

6,690.9

 

Gross margin

 

431.4

 

 

 

438.4

 

 

 

429.6

 

 

 

468.6

 

 

 

1,768.0

 

Income from operations (1)(2)

 

35.5

 

 

 

66.3

 

 

 

51.6

 

 

 

(97.6

)

 

 

55.8

 

Net income (loss)

 

(0.7

)

 

 

(14.6

)

 

 

(3.2

)

 

 

(140.6

)

 

 

(159.1

)

Net income (loss) attributable to common shareholders

 

(6.5

)

 

 

(52.6

)

 

 

(39.4

)

 

 

(179.6

)

 

 

(278.1

)

Net income (loss) per common share - basic

 

(0.06

)

 

 

(0.33

)

 

 

(0.23

)

 

 

(1.18

)

 

 

(1.80

)

Net income (loss) per common share - diluted

 

(0.06

)

 

 

(0.33

)

 

 

(0.23

)

 

 

(1.18

)

 

 

(1.80

)

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

1,679.7

 

 

$

1,699.4

 

 

$

1,632.1

 

 

$

1,647.4

 

 

$

6,658.6

 

Gross margin

 

421.1

 

 

 

471.3

 

 

 

468.8

 

 

 

459.8

 

 

 

1,821.0

 

Income (loss) from operations (3)(4)

 

138.5

 

 

 

112.4

 

 

 

115.3

 

 

 

(206.9

)

 

 

159.3

 

Net income (loss)

 

35.9

 

 

 

23.8

 

 

 

20.8

 

 

 

(231.9

)

 

 

(151.4

)

Net income attributable to common shareholders

 

3.4

 

 

 

15.2

 

 

 

12.7

 

 

 

27.0

 

 

 

58.3

 

Net income per common share - basic

 

0.07

 

 

 

0.27

 

 

 

0.23

 

 

 

0.48

 

 

 

1.09

 

Net income per common share - diluted

 

0.07

 

 

 

0.27

 

 

 

0.23

 

 

 

0.48

 

 

 

1.09

 

 

(1)

Includes an additional goodwill impairment of $24.0 million in the first quarter of 2016. See Note 7 – Goodwill.

(2)

Includes a goodwill impairment of $183.0 million in the fourth quarter of 2016. See Note 7 – Goodwill.

(3)

Includes $32.6 million of impairment losses in the fourth quarter of 2015. See Note 6 – Property, Plant and Equipment and Intangible Assets.

(4)

Includes a provisional goodwill impairment of $290.0 million in the fourth quarter of 2015. See Note 7 – Goodwill.