XML 33 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 342.5 $ 389.7 $ 1,022.9 $ 1,086.1
Cost of goods sold 206.5 245.8 617.3 688.0
Gross profit 136.0 143.9 405.6 398.1
Selling, general and administrative expenses 75.0 72.9 220.4 217.5
Research and development expenses 5.9 5.6 17.1 16.8
Interest expense and related financing costs 18.8 0.3 49.0 1.1
Interest expense, net - related party 0.0 0.3 0.0 0.7
Loss in Venezuela 0.0 59.6 0.0 59.6
Other (income) expense, net (0.5) 1.1 3.3 1.3
Total costs and expenses 104.9 142.1 305.5 306.9
Income before income taxes 31.1 1.8 100.1 91.2
Provision for income taxes (9.6) (16.8) (29.8) (58.2)
Net income (loss) 21.5 (15.0) 70.3 33.0
Less: net income attributable to noncontrolling interests (0.2) (0.3) (0.9) (0.6)
Net income (loss) attributable to GCP shareholders $ 21.3 $ (15.3) $ 69.4 $ 32.4
Basic earnings per share:        
Net income (loss) attributable to GCP shareholders (in usd per share) $ 0.30 $ (0.22) $ 0.98 $ 0.46
Weighted average number of basic shares 71.0 70.5 70.8 70.5
Diluted earnings per share:        
Net income (loss) attributable to GCP shareholders (in usd per share) $ 0.30 $ (0.22) $ 0.97 $ 0.46
Weighted average number of diluted shares 72.2 70.5 71.6 70.5
Repositioning        
Restructuring expenses $ 5.3 $ 0.0 $ 14.3 $ 0.0
Restructuring        
Restructuring expenses $ 0.4 $ 2.3 $ 1.4 $ 9.9