Income Statement

($ amounts in millions unless otherwise noted) Year Ended December 31
2020 2019 2018
Net sales 1,853.7 1,835.9 1,961.0
Cost of sales 1,067.7 1,047.6 1,123.4
Gross profit 786.0 788.3 837.6
Operating expenses:      
Selling, technical, general and administrative 504.7 497.0 544.8
Research and development 48.6 42.2 44.3
Total operating expenses 553.3 539.2 589.1
Operating profit 232.7 249.1 248.5
Other (expense) income:      
Interest expense, net (63.4) (90.7) (311.0)
Foreign exchange gain (loss) (36.5) 28.7 (5.5)
Other income (expense), net (51.7) (46.2) 14.8
Total other expense (151.6) (108.2) (301.7)
Income (loss) before income taxes and non-controlling interests 81.1 140.9 (53.2)
Income tax (expense) benefit (4.3) (61.3) (23.8)
Net loss from continuing operations 76.8 79.6 (77.0)
Income (loss) from discontinued operations, net of tax (1.1) 13.3 (242.9)
Net income (loss) 75.7 92.9 (319.9)
Net loss attributable to non-controlling interests - (0.7) (4.5)
Net income (loss) attributable to common stockholders 75.7 92.2 (324.4)
       
Earnings (loss) per share      
Basic from continuing operations $0.31 $0.31 ($0.27)
Basic from discontinued operations ($0.01) $0.05 ($0.86)
Basic attributable to common stockholders $0.30 $0.36 ($1.13)
       
Diluted from continuing operations $0.31 $0.30 ($0.27)
Diluted from discontinued operations ($0.01) $0.05 ($0.86)
Diluted attributable to common stockholders $0.30 $0.35 ($1.13)
       
Weighted average common shares outstanding      
Basic 248.8 251.0 288.2
Diluted 249.9 253.3 288.2

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