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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 453.0 $ 553.2
Cost of sales 197.8 237.8
Gross profit 255.2 315.4
Selling, general and administrative expenses 289.4 332.6
Acquisition, integration and divestiture costs 2.1 0.6
Restructuring charges and other, net 24.8 5.5
Impairment charges 124.3 0.0
Loss on divested assets 0.8 0.0
Operating (loss) income (186.2) (23.3)
Other expenses:    
Interest expense, net 48.4 47.7
Amortization of debt issuance costs 4.0 3.2
Foreign currency losses, net 16.6 0.2
Miscellaneous, net (4.1) 1.3
Other expense (income), net 64.9 52.4
Loss from continuing operations before income taxes (251.1) (75.7)
(Benefit from) provision for income taxes (37.2) 0.1
(Loss) income from continuing operations, net of taxes (213.9) (75.8)
(Loss) income from discontinued operations, net of taxes 0.0 0.7
Net (loss) income (213.9) (75.1)
Other comprehensive (loss) income:    
Foreign currency translation adjustments (5.2) (1.3)
Amortization of pension related costs, net of tax [1],[2] 2.5 2.2
Other comprehensive (loss) gain [3] (2.7) 0.9
Total comprehensive loss $ (216.6) $ (74.2)
Basic and Diluted (loss) earnings per common share:    
Continuing operations (in dollars per share) $ (4.02) $ (1.43)
Discontinued operations (in dollars per share) 0 0.01
Net loss (in dollars per share) $ (4.02) $ (1.42)
Weighted average number of common shares outstanding:    
Basic (in shares) 53,167,453 52,913,388
Diluted (in shares) 53,167,453 52,913,388
Revlon Consumer Products Corporation    
Net sales $ 453.0 $ 553.2
Cost of sales 197.8 237.8
Gross profit 255.2 315.4
Selling, general and administrative expenses 287.4 330.8
Acquisition, integration and divestiture costs 2.1 0.6
Restructuring charges and other, net 24.8 5.5
Impairment charges 124.3 0.0
Loss on divested assets 0.8 0.0
Operating (loss) income (184.2) (21.5)
Other expenses:    
Interest expense, net 48.4 47.7
Amortization of debt issuance costs 4.0 3.2
Foreign currency losses, net 16.6 0.2
Miscellaneous, net (4.1) 1.3
Other expense (income), net 64.9 52.4
Loss from continuing operations before income taxes (249.1) (73.9)
(Benefit from) provision for income taxes (36.9) 0.3
(Loss) income from continuing operations, net of taxes (212.2) (74.2)
(Loss) income from discontinued operations, net of taxes 0.0 0.7
Net (loss) income (212.2) (73.5)
Other comprehensive (loss) income:    
Foreign currency translation adjustments (5.2) (1.3)
Amortization of pension related costs, net of tax [4],[5] 2.5 2.2
Other comprehensive (loss) gain [6] (2.7) 0.9
Total comprehensive loss $ (214.9) $ (72.6)
[1] Net of tax expense of $0.3 million for each of the three months ended March 31, 2020 and 2019.
[2] This amount is included in the computation of net periodic benefit costs (income). See Note 10, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[3] See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the three months ended March 31, 2020 and 2019, respectively.
[4] Net of tax expense of $0.3 million for each of the three months ended March 31, 2020 and 2019.
[5] This amount is included in the computation of net periodic benefit costs (income). See Note 10, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[6] See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the three months ended March 31, 2020 and 2019, respectively.