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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales $ 596.8 $ 655.4 $ 1,720.2 $ 1,822.9
Cost of sales 269.0 305.0 750.7 807.2
Gross profit 327.8 350.4 969.5 1,015.7
Selling, general and administrative expenses 308.1 340.8 973.2 1,087.1
Acquisition and integration costs 0.1 3.4 0.7 12.0
Restructuring charges and other, net 2.9 3.9 11.6 13.9
Loss on disposal of minority investment 0.0 0.0 0.0 20.1
Operating (loss) income 16.7 2.3 (16.0) (117.4)
Other expenses:        
Interest expense 50.2 46.4 145.7 129.1
Amortization of debt issuance costs 3.7 3.8 10.4 9.1
Foreign currency losses, net 7.6 1.1 9.0 10.7
Miscellaneous, net 1.7 0.4 7.6 0.6
Other expense (income), net 63.2 51.7 172.7 149.5
Loss from continuing operations before income taxes (46.5) (49.4) (188.7) (266.9)
(Benefit from) provision for income taxes (2.1) (38.7) (3.2) (43.1)
(Loss) income from continuing operations, net of taxes (44.4) (10.7) (185.5) (223.8)
(Loss) income from discontinued operations, net of taxes (0.3) (0.4) 2.0 (0.1)
Net (loss) income (44.7) (11.1) (183.5) (223.9)
Other comprehensive income (loss):        
Foreign currency translation adjustments (1.8) (4.9) (0.5) (12.3)
Amortization of pension related costs, net of tax(a)(b) [1],[2] 2.3 2.3 7.2 6.5
Reclassification into earnings of accumulated losses from the de-designated 2013 Interest Rate Swap, net of tax [3] 0.0 0.0 0.0 0.7
Other comprehensive income (loss), net 0.5 [4] (2.6) [4] 6.7 (5.1)
Total comprehensive loss $ (44.2) $ (13.7) $ (176.8) $ (229.0)
Basic (loss) earnings per common share:        
Continuing operations (usd per share) $ (0.84) $ (0.20) $ (3.50) $ (4.24)
Discontinued operations (usd per share) 0.00 (0.01) 0.04 0.00
Net loss (usd per share) (0.84) (0.21) (3.46) (4.24)
Diluted (loss) earnings per common share:        
Continuing operations (usd per share) (0.84) (0.20) (3.50) (4.24)
Discontinued operations (usd per share) 0.00 (0.01) 0.04 0.00
Net loss (usd per share) $ (0.84) $ (0.21) $ (3.46) $ (4.24)
Weighted average number of common shares outstanding:        
Basic (in shares) 53,129,004 52,834,879 53,057,154 52,777,883
Diluted (in shares) 53,129,004 52,834,879 53,057,154 52,777,883
Revlon Consumer Products Corporation        
Net sales $ 596.8 $ 655.4 $ 1,720.2 $ 1,822.9
Cost of sales 269.0 305.0 750.7 807.2
Gross profit 327.8 350.4 969.5 1,015.7
Selling, general and administrative expenses 306.3 339.1 968.1 1,082.1
Acquisition and integration costs 0.1 3.4 0.7 12.0
Restructuring charges and other, net 2.9 3.9 11.6 13.9
Loss on disposal of minority investment 0.0 0.0 0.0 20.1
Operating (loss) income 18.5 4.0 (10.9) (112.4)
Other expenses:        
Interest expense 50.2 46.4 145.7 129.1
Amortization of debt issuance costs 3.7 3.8 10.4 9.1
Foreign currency losses, net 7.6 1.1 9.0 10.7
Miscellaneous, net 1.7 0.4 7.6 0.6
Other expense (income), net 63.2 51.7 172.7 149.5
Loss from continuing operations before income taxes (44.7) (47.7) (183.6) (261.9)
(Benefit from) provision for income taxes (1.8) (38.2) (2.4) (42.0)
(Loss) income from continuing operations, net of taxes (42.9) (9.5) (181.2) (219.9)
(Loss) income from discontinued operations, net of taxes (0.3) (0.4) 2.0 (0.1)
Net (loss) income (43.2) (9.9) (179.2) (220.0)
Other comprehensive income (loss):        
Foreign currency translation adjustments (1.8) (4.9) (0.5) (12.3)
Amortization of pension related costs, net of tax(a)(b) [5],[6] 2.3 2.3 7.2 6.5
Reclassification into earnings of accumulated losses from the de-designated 2013 Interest Rate Swap, net of tax [7] 0.0 0.0 0.0 0.7
Other comprehensive income (loss), net 0.5 (2.6) 6.7 (5.1)
Total comprehensive loss $ (42.7) $ (12.5) $ (172.5) $ (225.1)
[1] Net of tax expense of $0.3 million and $0.3 million for the three months ended September 30, 2019 and 2018, respectively, and net of tax expense of $0.9 million and $0.8 million for the nine months ended September 30, 2019 and 2018, respectively.
[2] This amount is included in the computation of net periodic benefit costs (income). See Note 11, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[3] Net of tax benefit of nil for the three months ended September 30, 2018 and $0.5 million for the nine months ended September 30, 2018.
[4] See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the three and nine months ended September 30, 2019 and 2018, respectively.
[5] Net of tax expense of $0.3 million and $0.3 million for the three months ended September 30, 2019 and 2018, respectively, and net of tax expense of $0.9 million and $0.8 million for the nine months ended September 30, 2019 and 2018, respectively.
[6] This amount is included in the computation of net periodic benefit costs (income). See Note 11, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[7] Net of tax benefit of nil for the three months ended September 30, 2018 and $0.5 million for the nine months ended September 30, 2018.