LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2020

LOSS PER SHARE

Schedule of loss per share

Diluted loss per share amounts are calculated by dividing the net loss attributable to equity and TEU holders by the weighted average number of shares outstanding during the period plus the weighted average number of shares, if any, that would be issued on exercise of stock options, to the extent that they are considered dilutive.

	Successor						Predecessor
	December 31,		December 31,		December 31,		May 31, 2018
	2020		2019		2018 (214 days)		(151 days)
Net loss	$	(994.9)	$	(451.7)	$	(318.7)	$	(164.7)
Less amounts attributable to preferred shareholders		13.7		—		—		—
Adjusted net loss	$	(1,008.6)	$	(451.7)	$	(318.7)	$	(164.7)
Weighted average shares outstanding(1),(2)		360,383,291		180,545,277		149,028,989		571,497,668
Weighted average number of shares on exercise of stock options, conversion of TEUs, and conversion of preferred shares		—		—		—		—
Diluted weighted average number of shares outstanding		360,383,291		180,545,277		149,028,989		571,497,668
Loss per share
Basic and Diluted	$	(2.80)	$	(2.50)	$	(2.14)	$	(0.29)

(1) Weighted average shares at December 31, 2020 includes the 33,991,500 minimum subordinate voting share conversion of the TEUs.

(2) Weighted average shares at December 31, 2019 and December 31, 2018 adjusted for share split completed in conjunction with the pre-capital closing changes implemented as part of the IPO.