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Summary of Quarterly Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Data
A summary of quarterly data follows:
For the Three Months Ended
December 31,
2020
September 30,
2020
June 30,
2020
March 31,
2020
Net sales$1,121 $1,126 $1,026 $1,065 
Gross profit$206 $197 $192 $202 
Goodwill impairment$— $— $— $— 
Operating income (loss)
$(19)$(27)$(4)$(20)
Net income (loss) attributable to Covetrus$(4)$(35)$54 $(33)
Earnings (loss) per share:
Basic$(0.04)$(0.33)$0.40 $(0.30)
Diluted$(0.04)$(0.33)$0.40 $(0.30)
For the Three Months Ended
December 31,
2019
September 30,
2019
June 30,
2019
March 31,
2019
Net sales$1,008 $1,018 $1,009 $941 
Gross profit (a)
$188 $191 $193 $177 
Goodwill impairment$(1)$939 $— $— 
Operating income (loss)
$(25)$(958)$(5)$(9)
Net income (loss) attributable to Covetrus (b)
$(37)$(920)$(10)$(13)
Earnings (Loss) per share: (b)
Basic$(0.33)$(8.22)$(0.09)$(0.14)
Diluted$(0.33)$(8.22)$(0.09)$(0.14)
(a) 2019 quarterly data reflects a reclassification of Vets First Choice shipping expenses that were previously included in Selling, general and administrative into Cost of sales to classify these Vets First Choice shipping expenses consistently with the rest of our business
(b) The third quarter ended September 30, 2019 includes a revision (see Note 16 - Income Taxes)