XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales        
Net sales $ 1,399.4 $ 1,260.3 $ 2,555.8 $ 2,358.7
Costs and expenses        
Cost of sales 1,027.9 851.0 1,880.7 1,591.4
Operating expenses        
Selling, general and administrative expenses 287.6 271.7 579.8 521.8
Amortization of intangibles 55.8 31.9 113.5 63.7
Restructuring costs 0.8 1.1 1.6 3.1
Foreign currency (gain) loss, net 2.9 4.1 1.6 (2.8)
Other operating expense (income) (1.8) (1.7) (2.4) (0.5)
Operating profit (loss) 26.2 102.2 (19.0) 182.0
Interest expense, net 33.4 20.0 62.7 44.1
Loss on extinguishment of debt 0.0 0.0 0.0 0.4
Change in fair value of warrant liabilities (38.9) 71.2 (133.8) 84.8
Income (loss) before income taxes 31.7 11.0 52.1 52.7
Income tax expense 11.4 1.3 23.3 11.3
Net income (loss) $ 20.3 $ 9.7 $ 28.8 $ 41.4
Earnings (loss) per share:        
Basic (USD per share) $ 0.05 $ 0.03 $ 0.08 $ 0.12
Diluted (USD per share) $ 0.05 $ 0.03 $ (0.28) $ 0.12
Weighted-average shares outstanding:        
Basic (in shares) 376,594,660 352,199,184 376,285,196 350,908,612
Diluted (in shares) 377,257,854 356,652,811 378,493,214 354,883,869
Products        
Net sales        
Net sales $ 1,055.0 $ 926.6 $ 1,904.4 $ 1,730.3
Costs and expenses        
Cost of sales 807.4 653.4 1,463.2 1,217.0
Services        
Net sales        
Net sales 344.4 333.7 651.4 628.4
Costs and expenses        
Cost of sales $ 220.5 $ 197.6 $ 417.5 $ 374.4