XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 1,096.1 $ 1,106.5 $ 2,160.8 $ 1,618.9
Operating expenses:        
Selling, general and administrative 208.6 194.5 406.7 342.7
Acquisition-related and integration costs 4.1 46.3 16.9 172.5
Depreciation and amortization 110.3 109.6 218.0 145.8
Total operating expenses 894.5 929.6 1,762.7 1,468.1
Gain on disposition of property, plant and equipment 0.3 2.7 2.7 3.9
Operating income 201.9 179.6 400.8 154.7
Interest expense (59.9) (65.0) (123.8) (85.9)
Interest income 6.8 5.0 13.4 11.3
Other income (loss), net (0.2) 0.2 (1.0) 2.6
Foreign exchange loss (1.0) (0.4) (1.9) (0.7)
Income before income taxes 147.6 119.4 287.5 82.0
Income tax expense 36.6 32.6 69.1 23.4
Net income 111.0 86.8 218.4 58.6
Net income attributable to:        
Controlling interests 111.1 86.9 218.5 58.8
Redeemable non-controlling interests (0.1) (0.1) (0.1) (0.2)
Net income 111.0 86.8 218.4 58.6
Net income attributable to controlling interests 111.1 86.9 218.5 58.8
Cumulative dividends on Series A Senior Preferred Shares (6.7) (6.7) (13.4) (10.9)
Allocated earnings to Series A Senior Preferred Shares (3.7) (2.8) (7.3) (3.7)
Net income available to common stockholders $ 100.7 $ 77.4 $ 197.8 $ 44.2
Earnings per share available to common stockholders:        
Basic (usd per share) $ 0.55 $ 0.43 $ 1.08 $ 0.29
Diluted (usd per share) $ 0.54 $ 0.42 $ 1.07 $ 0.29
Weighted average number of shares outstanding:        
Basic (in shares) 183,887,145 181,860,026 183,473,233 151,343,397
Diluted (in shares) 184,912,584 182,810,399 184,746,818 152,404,830
Service revenue        
Revenue:        
Total revenue $ 859.1 $ 806.1 $ 1,708.2 $ 1,149.6
Operating expenses:        
Direct expenses 348.8 287.3 701.8 363.7
Inventory sales revenue        
Revenue:        
Total revenue 237.0 300.4 452.6 469.3
Operating expenses:        
Direct expenses $ 222.7 $ 291.9 $ 419.3 $ 443.4