| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||
8,345 | 4,568 | 4,560 | 4,923 | 3,807 | 3,829 | 3,480 | 3,321 | 3,186 |
Cost of sales | ||||||||
5,941 | 2,935 | 2,855 | 2,894 | 2,462 | 2,432 | 2,279 | 2,261 | 2,374 |
Gross profit | ||||||||
2,404 | 1,633 | 1,705 | - | - | - | - | - | - |
Operating expenses: | ||||||||
Selling, general and administrative | ||||||||
1,277 | 674 | 733 | 881 | 687 | 484 | 502 | 461 | 517 |
Research and development | ||||||||
578 | 185 | 185 | 201 | 135 | 125 | 126 | 121 | 112 |
Amortization of purchased intangible assets | ||||||||
593 | 264 | 271 | 297 | 220 | 178 | 174 | 175 | 171 |
Restructuring costs, net | ||||||||
87 | 44 | 43 | 42 | 29 | 19 | 22 | 22 | 18 |
Asset impairments | ||||||||
376 | 15 | - | 38 | 90 | 12 | 45 | 40 | 126 |
Total operating expenses | ||||||||
2,912 | 1,183 | 1,233 | 4,355 | 3,626 | 3,252 | 3,150 | 3,083 | 3,321 |
Operating income (loss) | ||||||||
-508 | 450 | 472 | 567 | 181 | 577 | 329 | 238 | -134 |
Other expense, net | ||||||||
-6 | -44 | -9 | -23 | -13 | -86 | -48 | -15 | -12 |
Interest expense | ||||||||
577 | 242 | 257 | 277 | 234 | 178 | 208 | 188 | 187 |
Interest income | ||||||||
18 | 7 | 4 | 5 | 4 | 4 | 3 | 3 | 3 |
Loss before income taxes | ||||||||
-1,074 | 170 | 209 | 272 | -62 | 317 | 76 | 37 | -331 |
Income tax (expense) benefit | ||||||||
-144 | 30 | 16 | 49 | 8 | 80 | 56 | 31 | -79 |
Net loss | ||||||||
-929 | 140 | 193 | 222 | -70 | 236 | 19 | 5 | -252 |
Series A convertible preferred stock dividend | ||||||||
40 | - | - | - | - | - | - | - | - |
Deemed dividend on Series A convertible preferred stock | ||||||||
3 | - | - | - | - | - | - | - | - |
Net loss attributable to common stockholders | ||||||||
-973 | 140 | 193 | - | - | - | - | - | - |
Loss per share: | ||||||||
Basic | ||||||||
-5.02 | 0.73 | 1.01 | 1.16 | -0.37 | 1.27 | 0.12 | 0.03 | -1.63 |
Diluted | ||||||||
-5.02 | 0.72 | 0.98 | 1.13 | -0.37 | 1.24 | 0.12 | 0.03 | -1.63 |
Weighted average shares outstanding: | ||||||||
Basic | ||||||||
193 | 192 | 192 | 192 | 189 | 186 | 160 | 154 | 154 |
Diluted | ||||||||
193 | 195 | 196 | 196 | 189 | 191 | 164 | 155 | 154 |
Net income | ||||||||
-929 | 140 | 193 | 222 | -70 | 236 | 19 | 5 | -252 |
Other comprehensive income (loss), net of tax: | ||||||||
Foreign currency translation gain (loss) | ||||||||
- | - | - | -93 | -80 | -51 | -4 | -4 | -19 |
Defined benefit plans, change in unrecognized actuarial gain (loss) | ||||||||
- | - | - | -16 | 3 | -11 | -1 | 1 | -20 |
Defined benefit plans, change in unrecognized net prior service cost (credit) | ||||||||
- | - | - | -0 | 6 | 6 | 3 | -12 | -14 |
Available-for-sale securities | ||||||||
- | - | - | -4 | -5 | 11 | - | - | - |
Total other comprehensive income (loss), net of tax | ||||||||
- | - | - | -113 | -88 | -57 | -9 | 9 | -26 |
Total comprehensive income | ||||||||
- | - | - | 109 | -159 | 179 | 9 | 15 | -278 |