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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 445.0 $ 453.0
Cost of sales 191.2 197.8
Gross profit 253.8 255.2
Selling, general and administrative expenses 260.5 289.4
Acquisition, integration and divestiture costs 0.6 2.1
Restructuring charges and other, net 5.4 24.8
Impairment charges 0.0 124.3
Loss on divested assets 0.0 0.8
Operating (loss) income (12.7) (186.2)
Other expenses:    
Interest expense, net 58.9 48.4
Amortization of debt issuance costs 8.7 4.0
Foreign currency losses, net 3.3 16.6
Miscellaneous, net 1.2 (4.1)
Other expense (income), net 72.1 64.9
(Loss) income from operations before income taxes (84.8) (251.1)
Provision for (benefit from) income taxes 11.2 (37.2)
Net (loss) income (96.0) (213.9)
Other comprehensive income (loss):    
Foreign currency translation adjustments (4.9) (5.2)
Amortization of pension related costs, net of tax [1],[2] 3.5 2.5
Other comprehensive loss, net [3] (1.4) (2.7)
Total comprehensive (loss) income $ (97.4) $ (216.6)
Basic and Diluted (loss) earnings per common share (in dollars per share) $ (1.79) $ (4.02)
Weighted average number of common shares outstanding:    
Basic (in shares) 53,653,449 53,167,453
Diluted (in shares) 53,653,449 53,167,453
Revlon Consumer Products Corporation    
Net sales $ 445.0 $ 453.0
Cost of sales 191.2 197.8
Gross profit 253.8 255.2
Selling, general and administrative expenses 259.5 287.4
Acquisition, integration and divestiture costs 0.6 2.1
Restructuring charges and other, net 5.4 24.8
Impairment charges 0.0 124.3
Loss on divested assets 0.0 0.8
Operating (loss) income (11.7) (184.2)
Other expenses:    
Interest expense, net 58.9 48.4
Amortization of debt issuance costs 8.7 4.0
Foreign currency losses, net 3.3 16.6
Miscellaneous, net 1.2 (4.1)
Other expense (income), net 72.1 64.9
(Loss) income from operations before income taxes (83.8) (249.1)
Provision for (benefit from) income taxes 11.1 (36.9)
Net (loss) income (94.9) (212.2)
Other comprehensive income (loss):    
Foreign currency translation adjustments (4.9) (5.2)
Amortization of pension related costs, net of tax [4],[5] 3.5 2.5
Other comprehensive loss, net [6] (1.4) (2.7)
Total comprehensive (loss) income $ (96.3) $ (214.9)
[1] Net of tax expense of nil and $0.3 million for the three months ended March 31, 2021 and 2020, 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 three months ended March 31, 2021 and 2020, respectively.
[4] Net of tax expense of nil and $0.3 million for the three months ended March 31, 2021 and 2020, 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 March 31, 2021 and 2020, respectively.