Income Statement
($ amounts in millions unless otherwise noted) Year Ended December 31
2022 2021 2020
Net sales 2,549.4 2,399.8 1,853.7
Cost of sales 1,596.7 1,439.0 1,067.7
Gross profit 952.7 960.8 786.0
Operating expenses:
Selling, technical, general and administrative 578.6 611.2 504.7
Research and development 48.8 49.7 48.6
Total operating expenses 627.4 660.9 553.3
Operating profit 325.3 299.9 232.7
Other (expense) income:
Interest expense, net (51.2) (54.2) (63.4)
Foreign exchange gain (loss) (5.0) 15.8 (36.5)
Other income (expense), net 2.9 (9.8) (51.7)
Total other expense (53.3) (48.2) (151.6)
Income (loss) before income taxes and non-controlling interests 272.0 251.7 81.1
Income tax (expense) benefit (85.8) (48.3) (4.3)
Net loss from continuing operations 186.2 203.4 76.8
Income (loss) from discontinued operations, net of tax 1.8 0.3 (1.1)
Net income (loss) 188.0 203.7 75.7
Net loss attributable to non-controlling interests (0.8) (0.4) -
Net income (loss) attributable to common stockholders 187.2 203.3 75.7
 
Earnings (loss) per share
Basic from continuing operations $0.75 $0.82 $0.31
Basic from discontinued operations $0.01 - ($0.01)
Basic attributable to common stockholders $0.76 $0.82 $0.30
 
Diluted from continuing operations $0.75 $0.82 $0.31
Diluted from discontinued operations $0.01 - ($0.01)
Diluted attributable to common stockholders $0.76 $0.82 $0.30
 
Weighted average common shares outstanding      
Basic 245.1 247.4 248.8
Diluted 245.8 247.9 249.9

Note: This selected data is for information only. For complete consolidated financial statements and important risks that may affect actual results, see SEC Filings.