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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 468.4 $ 521.1 $ 1,390.6 $ 1,463.5
Cost of sales 207.5 221.2 595.8 608.7
Gross profit 260.9 299.9 794.8 854.8
Selling, general and administrative expenses 248.5 256.1 758.4 796.0
Acquisition, integration and divestiture costs 0.2 0.6 0.7 1.8
Restructuring charges and other, net (0.7) 9.0 4.3 22.8
Impairment charges 0.0 0.0 24.3 0.0
Gain on divested assets 0.0 0.1 0.0 (1.7)
Operating income (loss) 12.9 34.1 7.1 35.9
Other expenses:        
Interest expense, net 56.2 63.1 175.8 183.9
Amortization of debt issuance costs 0.0 8.7 20.9 30.7
Foreign currency losses (gains), net 19.4 9.9 41.4 11.5
Miscellaneous, net 2.3 0.1 9.0 2.8
Reorganization items, net 85.0 0.0 243.3 0.0
Other expense (income), net 162.9 81.8 490.4 228.9
(Loss) income from operations before income taxes (150.0) (47.7) (483.3) (193.0)
(Benefit from) provision for income taxes 2.8 5.4 12.1 23.8
Net (loss) income (152.8) (53.1) (495.4) (216.8)
Other comprehensive income (loss):        
Foreign currency translation adjustments (6.2) (0.6) (8.2) (6.0)
Amortization of pension related costs, net of tax [1],[2] 2.9 3.5 8.6 10.5
Other comprehensive (loss) income, net (3.3) [3] 2.9 [3] 0.4 4.5
Total comprehensive (loss) income (156.1) (50.2) (495.0) (212.3)
Revlon Consumer Products Corporation        
Net sales 468.4 521.1 1,390.6 1,463.5
Cost of sales 207.5 221.2 595.8 608.7
Gross profit 260.9 299.9 794.8 854.8
Selling, general and administrative expenses 246.4 254.5 752.2 791.7
Acquisition, integration and divestiture costs 0.2 0.6 0.7 1.8
Restructuring charges and other, net (0.7) 9.0 4.3 22.8
Impairment charges 0.0 0.0 24.3 0.0
Gain on divested assets 0.0 0.1 0.0 (1.7)
Operating income (loss) 15.0 35.7 13.3 40.2
Other expenses:        
Interest expense, net 56.2 63.1 175.8 183.9
Amortization of debt issuance costs 0.0 8.7 20.9 30.7
Foreign currency losses (gains), net 19.4 9.9 41.4 11.5
Miscellaneous, net 4.3 0.1 14.4 2.8
Reorganization items, net 85.0 0.0 243.3 0.0
Other expense (income), net 164.9 81.8 495.8 228.9
(Loss) income from operations before income taxes (149.9) (46.1) (482.5) (188.7)
(Benefit from) provision for income taxes 2.8 5.5 12.1 23.9
Net (loss) income (152.7) (51.6) (494.6) (212.6)
Other comprehensive income (loss):        
Foreign currency translation adjustments (6.2) (0.6) (8.2) (6.0)
Amortization of pension related costs, net of tax [4],[5] 2.9 3.5 8.6 10.5
Other comprehensive (loss) income, net (3.3) [6] 2.9 [6] 0.4 4.5
Total comprehensive (loss) income $ (156.0) $ (48.7) $ (494.2) $ (208.1)
[1] Net of tax expense of nil for both the three months ended and nine months ended September 30, 2022 and 2021.
[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, 2022 and 2021, respectively.
[4] Net of tax expense of nil for both the three months ended and nine months ended September 30, 2022 and 2021
[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 nine months ended September 30, 2022 and 2021, respectively.