XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands, shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 2,205,000 $ 1,078,000 $ 4,468,000 $ 3,004,000
Costs and expenses        
Cost of sales 1,953,000 1,088,000 3,965,000 2,808,000
Selling, general and administrative expenses 126,000 82,000 245,000 188,000
Amortization of intangibles 3,000 3,000 7,000 6,000
Restructuring charges, net 0 16,000 1,000 19,000
Impairment of goodwill       (51,000)
Other income (expense), net (10,000) (1,000) (29,000) 3,000
Earnings (loss) before interest and income taxes 113,000 (112,000) 221,000 (65,000)
Loss on extinguishment of debt (24,000) (5,000) (24,000) (5,000)
Interest income 2,000 2,000 4,000 4,000
Interest expense 34,000 32,000 68,000 61,000
Earnings (loss) before income taxes 57,000 (147,000) 133,000 (127,000)
Income tax expense 14,000 34,000 36,000 18,000
Equity in earnings of affiliates 10,000 8,000 24,000 10,000
Net income (loss) 53,000 (173,000) 121,000 (135,000)
Less: Noncontrolling interests net income 4,000   5,000 2,000
Less: Redeemable noncontrolling interests net income (loss) (4,000) 1,000 (8,000) (21,000)
Net income (loss) attributable to the parent company $ 53,000 $ (174,000) $ 124,000 $ (116,000)
Net income (loss) per share available to common stockholders        
Basic (in dollars per share) $ 0.37 $ (1.20) $ 0.85 $ (0.80)
Diluted (in dollars per share) $ 0.36 $ (1.20) $ 0.85 $ (0.80)
Weighted-average common shares outstanding        
Basic (in shares) 145.2 144.5 145.1 144.4
Diluted (in shares) 146.7 144.5 146.5 144.4