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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 477.1 $ 596.8 $ 1,277.7 $ 1,720.2
Cost of sales 234.3 269.0 600.7 750.7
Gross profit 242.8 327.8 677.0 969.5
Selling, general and administrative expenses 253.4 308.1 739.1 973.2
Acquisition, integration and divestiture costs 0.9 0.1 4.2 0.7
Restructuring charges and other, net (0.7) 2.9 44.8 11.6
Impairment charges 0.0 0.0 144.1 0.0
Gain on divested assets (1.1) 0.0 (0.5) 0.0
Operating (loss) income (9.7) 16.7 (254.7) (16.0)
Other expenses:        
Interest expense, net 68.7 50.2 178.0 145.7
Amortization of debt issuance costs 7.8 3.7 17.8 10.4
Gain on early extinguishment of debt (31.2) 0.0 (43.1) 0.0
Foreign currency (gains) losses, net (9.8) 7.6 9.1 9.0
Miscellaneous, net (2.6) 1.7 13.9 7.6
Other expense (income), net 32.9 63.2 175.7 172.7
Loss from continuing operations before income taxes (42.6) (46.5) (430.4) (188.7)
Provision for (benefit from) income taxes 1.9 (2.1) (45.2) (3.2)
(Loss) income from continuing operations, net of taxes (44.5) (44.4) (385.2) (185.5)
(Loss) income from discontinued operations, net of taxes 0.0 (0.3) 0.0 2.0
Net (loss) income (44.5) (44.7) (385.2) (183.5)
Other comprehensive income (loss):        
Foreign currency translation adjustments 2.2 (1.8) 7.3 (0.5)
Amortization of pension related costs, net of tax [1],[2] 2.8 2.3 9.3 7.2
Other comprehensive income, net 5.0 [3] 0.5 [3] 16.6 6.7
Total comprehensive loss $ (39.5) $ (44.2) $ (368.6) $ (176.8)
Basic and Diluted (loss) earnings per common share:        
Continuing operations (in dollars per share) $ (0.83) $ (0.84) $ (7.22) $ (3.50)
Discontinued operations (in dollars per share) 0 0 0 0.04
Net loss (in dollars per share) $ (0.83) $ (0.84) $ (7.22) $ (3.46)
Weighted average number of common shares outstanding:        
Basic (in shares) 53,476,354 53,129,004 53,371,986 53,057,154
Diluted (in shares) 53,476,354 53,129,004 53,371,986 53,057,154
Revlon Consumer Products Corporation        
Net sales $ 477.1 $ 596.8 $ 1,277.7 $ 1,720.2
Cost of sales 234.3 269.0 600.7 750.7
Gross profit 242.8 327.8 677.0 969.5
Selling, general and administrative expenses 251.4 306.3 733.2 968.1
Acquisition, integration and divestiture costs 0.9 0.1 4.2 0.7
Restructuring charges and other, net (0.7) 2.9 44.8 11.6
Impairment charges 0.0 0.0 144.1 0.0
Gain on divested assets (1.1) 0.0 (0.5) 0.0
Operating (loss) income (7.7) 18.5 (248.8) (10.9)
Other expenses:        
Interest expense, net 68.7 50.2 178.0 145.7
Amortization of debt issuance costs 7.8 3.7 17.8 10.4
Gain on early extinguishment of debt (31.2) 0.0 (43.1) 0.0
Foreign currency (gains) losses, net (9.8) 7.6 9.1 9.0
Miscellaneous, net (2.6) 1.7 13.9 7.6
Other expense (income), net 32.9 63.2 175.7 172.7
Loss from continuing operations before income taxes (40.6) (44.7) (424.5) (183.6)
Provision for (benefit from) income taxes 2.3 (1.8) (44.2) (2.4)
(Loss) income from continuing operations, net of taxes (42.9) (42.9) (380.3) (181.2)
(Loss) income from discontinued operations, net of taxes 0.0 (0.3) 0.0 2.0
Net (loss) income (42.9) (43.2) (380.3) (179.2)
Other comprehensive income (loss):        
Foreign currency translation adjustments 2.2 (1.8) 7.3 (0.5)
Amortization of pension related costs, net of tax [4],[5] 2.8 2.3 9.3 7.2
Other comprehensive income, net 5.0 [6] 0.5 [6] 16.6 6.7
Total comprehensive loss $ (37.9) $ (42.7) $ (363.7) $ (172.5)
[1] Net of a $0.5 million tax expense and $0.3 million of tax expense for the three months ended September 30, 2020 and 2019, respectively, and net of a $0.7 million tax benefit and $0.9 million of tax expense for the nine months ended September 30, 2020 and 2019, respectively.
[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 nine months ended September 30, 2020 and 2019, respectively.
[4] Net of a $0.5 million tax expense and $0.3 million of tax expense for the three months ended September 30, 2020 and 2019, respectively, and net of a $0.7 million tax benefit and $0.9 million of tax expense for the nine months ended September 30, 2020 and 2019, respectively.
[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 September 30, 2020 and 2019, respectively.