| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Sales | ||||||||||
3,662 | 4,172 | 3,646 | 3,041 | 4,529 | 5,933 | 5,230 | 5,570 | 4,832 | 3,845 | 3,661 |
Cost of sales | ||||||||||
3,009 | 3,483 | 3,064 | 2,573 | 3,743 | 4,915 | 4,276 | 4,557 | 4,124 | 3,327 | 3,067 |
Inventory write-down | ||||||||||
- | - | - | - | - | - | - | - | - | - | 46 |
Gross profit | ||||||||||
653 | 689 | 582 | 468 | 786 | 1,018 | 954 | 1,013 | 708 | 518 | 547 |
Selling, general and administrative expenses | ||||||||||
550 | 562 | 536 | 524 | 606 | 716 | 642 | 606 | 513 | 451 | 411 |
Goodwill and intangible asset impairment | ||||||||||
- | - | - | - | 462 | - | 0 | - | - | - | 386 |
Total operating expenses | ||||||||||
- | - | - | - | - | - | - | - | - | - | 797 |
Operating income | ||||||||||
103 | 127 | 46 | -56 | -282 | 302 | 311 | 406 | 194 | 66 | -249 |
Other (expense) income: | ||||||||||
Interest expense | ||||||||||
40 | 38 | 31 | 35 | 48 | 62 | 60 | 112 | 136 | 139 | 116 |
Write off of debt issuance costs | ||||||||||
- | 1 | 8 | 1 | 3 | - | - | - | - | - | - |
Change in fair value of derivative instruments | ||||||||||
- | - | - | - | - | - | - | - | 7 | -4 | 8 |
Expenses associated with refinancing | ||||||||||
- | - | - | - | - | - | - | - | 9 | - | - |
Loss on early extinguishment of debt | ||||||||||
- | - | - | - | - | - | - | -113 | - | - | - |
Other, net | ||||||||||
3 | 7 | - | 1 | -9 | -14 | -14 | 1 | 0 | 2 | 2 |
Total other income (expense) | ||||||||||
- | - | - | - | - | - | - | - | - | - | -105 |
Income before income taxes | ||||||||||
66 | 95 | 7 | -91 | -342 | 226 | 236 | 181 | 55 | -75 | -354 |
Income tax expense | ||||||||||
27 | 21 | -43 | -8 | -11 | 82 | 84 | 63 | 26 | -23 | -14 |
Net income | ||||||||||
39 | 74 | 50 | -83 | -331 | 144 | 152 | 117 | 28 | -51 | -339 |
Series A preferred stock dividends | ||||||||||
24 | 24 | 24 | 24 | 13 | - | - | - | - | - | - |
Net income attributable to common stockholders | ||||||||||
15 | 50 | 26 | -107 | -344 | 144 | 152 | - | - | - | - |
Basic income per common share | ||||||||||
0.18 | 0.55 | 0.28 | -1.10 | -3.38 | 1.41 | 1.50 | 1.22 | 0.34 | -0.61 | -4.30 |
Diluted income per common share | ||||||||||
0.18 | 0.54 | 0.27 | -1.10 | -3.38 | 1.40 | 1.48 | 1.22 | 0.34 | -0.61 | -4.30 |
Weighted-average common shares, basic | ||||||||||
83 | 90 | 94 | 97 | 102 | 102 | 101 | 96 | 84 | 84 | 79 |
Weighted-average common shares, diluted | ||||||||||
83 | 91 | 95 | 97 | 102 | 102 | 102 | 96 | 84 | 84 | 79 |
Dividends per common share | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0.04 |