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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues $ 981,076 $ 849,954 $ 1,895,884 $ 1,640,975
Cost of revenues (exclusive of depreciation and amortization shown separately below) 841,790 698,226 1,627,733 1,351,565
Selling, general, and administrative expenses 52,576 46,607 100,649 87,088
Depreciation and amortization 58,444 62,674 116,212 122,287
Total operating expenses 952,810 807,507 1,844,594 1,560,940
Operating income 28,266 42,447 51,290 80,035
Other (income) expenses:        
Change in fair value of warrant liability (4,914) (7,059) (20,356) (1,533)
Interest expense, net 28,188 37,189 40,071 68,054
Total other expenses (income) 23,274 30,130 19,715 66,521
Income before income taxes 4,992 12,317 31,575 13,514
Provision for income taxes 1,316 6,563 10,365 8,306
Net income 3,676 5,754 21,210 5,208
Less: net income (loss) attributable to noncontrolling interest 305 (367) (1,126) (797)
Net income attributable to stockholders of Advantage Solutions Inc. 3,371 6,121 22,336 6,005
Other comprehensive (loss) income , net of tax:        
Foreign currency translation adjustments (13,272) 624 (11,883) (1,796)
Total comprehensive (loss) income attributable to stockholders of Advantage Solutions Inc. $ (9,901) $ 6,745 $ 10,453 $ 4,209
Net income per common share:        
Basic $ 0.01 $ 0.02 $ 0.07 $ 0.02
Diluted $ 0.01 $ 0.00 $ 0.07 $ 0.01
Weighted-average number of common shares:        
Basic 318,418,746 318,464,596 318,103,452 318,035,355
Diluted 319,114,865 323,294,273 318,919,725 321,958,953