| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue, net | ||||||||||
2,394 | 2,372 | 2,269 | 1,623 | 1,187 | 2,102 | 2,094 | 2,250 | 2,334 | 1,803 | 1,596 |
Cost of sales | ||||||||||
1,166 | 1,197 | 1,142 | 773 | 536 | 1,826 | 1,818 | 1,937 | 2,058 | 1,537 | 1,346 |
Gross profit | ||||||||||
1,227 | 1,175 | 1,127 | 850 | 650 | 276 | 275 | 312 | 276 | 266 | 249 |
Selling, general and administrative expenses | ||||||||||
1,113 | 1,092 | 1,043 | 806 | 608 | 213 | 180 | 200 | 172 | 166 | 146 |
Loss on disposal of property, plant and equipment, net | ||||||||||
-7 | -9 | -10 | -6 | -4 | -1 | -1 | -1 | -1 | -1 | -0 |
Restructuring and asset impairments | ||||||||||
Restructuring | ||||||||||
- | - | - | - | - | 2 | 2 | - | 0 | -0 | 1 |
Asset impairments | ||||||||||
- | - | - | - | - | 1 | 0 | - | 0 | - | 3 |
Acquisition and integration expenses | ||||||||||
16 | 15 | 30 | 27 | 20 | 41 | 3 | - | - | - | - |
Intangible asset impairments | ||||||||||
- | - | - | - | - | - | - | - | 1 | - | 3 |
Operating (loss) income | ||||||||||
90 | 58 | 43 | 9 | 17 | 15 | 88 | 110 | 100 | 99 | 97 |
Other expense, net | ||||||||||
-2 | 42 | 8 | -5 | 12 | -21 | -12 | -2 | -2 | -4 | 4 |
Contingent consideration earn-out adjustment | ||||||||||
- | - | - | - | - | - | - | -0 | -0 | -20 | - |
Interest expense, net | ||||||||||
78 | 77 | 85 | 43 | 30 | 39 | 51 | 54 | 57 | 36 | 29 |
Loss from continuing operations before income taxes | ||||||||||
9 | 24 | -33 | -39 | 0 | -45 | 23 | 57 | 40 | 78 | 63 |
Income tax benefit | ||||||||||
9 | -4 | -30 | 21 | -15 | -61 | 1 | 4 | -0 | 18 | -22 |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||
-0 | 28 | -3 | -60 | 15 | - | - | - | - | - | - |
Net income from discontinued operations, net of income taxes | ||||||||||
3 | 354 | 10 | -11 | 4 | - | - | - | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
2 | 383 | 7 | -71 | 20 | 16 | 22 | 52 | 41 | 59 | 86 |
Less: Net income attributable to non-controlling interests - discontinued operations | ||||||||||
0 | 0 | 8 | 6 | 6 | 5 | 5 | 4 | 3 | 5 | 4 |
Less: Foreign exchange impact on redemption of preferred shares-continued operations | ||||||||||
- | - | - | - | 12 | - | - | - | - | - | - |
Net income (loss) | ||||||||||
2 | 382 | -1 | -77 | -3 | 10 | 17 | 48 | 37 | 54 | 81 |
Net income (loss) per common share | ||||||||||
Basic: | ||||||||||
Continuing operations (in USD per share) | ||||||||||
0.00 | 0.21 | -0.03 | -0.47 | -0.02 | - | - | - | - | - | - |
Discontinued operations (in USD per share) | ||||||||||
0.02 | 2.54 | 0.02 | -0.14 | -0.01 | - | - | - | - | - | - |
Net income (loss) (in USD per share) | ||||||||||
0.02 | 2.75 | -0.01 | -0.61 | -0.03 | 0.11 | 0.18 | 0.51 | 0.40 | 0.64 | 1.10 |
Diluted: | ||||||||||
Continuing operations (in USD per share) | ||||||||||
0.00 | 0.21 | -0.03 | -0.47 | -0.02 | - | - | - | - | - | - |
Discontinued operations (in USD per share) | ||||||||||
0.02 | 2.50 | 0.02 | -0.14 | -0.01 | - | - | - | - | - | - |
Net income (loss) (in USD per share) | ||||||||||
0.02 | 2.71 | -0.01 | -0.61 | -0.03 | 0.10 | 0.18 | 0.50 | 0.40 | 0.63 | 1.08 |
Weighted average common shares outstanding (in thousands) | ||||||||||
Basic (in shares) | ||||||||||
135 | 139 | 139 | 128 | 103 | 93 | 94 | 94 | 94 | 85 | 74 |
Diluted (in shares) | ||||||||||
135 | 141 | 139 | 128 | 103 | 95 | 95 | 94 | 95 | 86 | 75 |
Dividends declared per common share( in shares) | ||||||||||
- | - | - | 0.24 | 0.24 | 0.24 | 0.24 | 0.06 | 0.00 | - | - |