Income Statement

($ amounts in millions unless otherwise noted) Year Ended December 31
2021 2020 2019
Net sales 2,399.8 1,853.7 1,835.9
Cost of sales 1,439.0 1,067.7 1,047.6
Gross profit 960.8 786.0 788.3
Operating expenses:      
Selling, technical, general and administrative 611.2 504.7 497.0
Research and development 49.7 48.6 42.2
Total operating expenses 660.9 553.3 539.2
Operating profit 299.9 232.7 249.1
Other (expense) income:      
Interest expense, net (54.2) (63.4) (90.7)
Foreign exchange gain (loss) 15.8 (36.5) 28.7
Other income (expense), net (9.8) (51.7) (46.2)
Total other expense (48.2) (151.6) (108.2)
Income (loss) before income taxes and non-controlling interests 251.7 81.1 140.9
Income tax (expense) benefit (48.3) (4.3) (61.3)
Net loss from continuing operations 203.4 76.8 79.6
Income (loss) from discontinued operations, net of tax 0.3 (1.1) 13.3
Net income (loss) 203.7 75.7 92.9
Net loss attributable to non-controlling interests (0.4) - (0.7)
Net income (loss) attributable to common stockholders 203.3 75.7 92.2
       
Earnings (loss) per share      
Basic from continuing operations $0.82 $0.31 $0.31
Basic from discontinued operations - ($0.01) $0.05
Basic attributable to common stockholders $0.82 $0.30 $0.36
       
Diluted from continuing operations $0.82 $0.31 $0.30
Diluted from discontinued operations - ($0.01) $0.05
Diluted attributable to common stockholders $0.82 $0.30 $0.35
       
Weighted average common shares outstanding      
Basic 247.4 248.8 251.0
Diluted 247.9 249.9 253.3

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