XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales        
Revenues $ 1,150.2 $ 1,105.6 $ 2,178.3 $ 2,169.8
Cost of sales        
Total cost of sales 873.0 887.9 1,657.0 1,713.7
Gross profit 277.2 217.7 521.3 456.1
Selling and administrative expense 222.1 219.8 450.4 447.7
Research, development and engineering expense 36.1 40.6 73.0 82.3
Impairment of assets 0.0 83.1 0.0 83.1
Loss (gain) on sale of assets, net 11.7 0.8 15.1 (6.9)
Total operating expense 269.9 344.3 538.5 606.2
Operating profit (loss) 7.3 (126.6) (17.2) (150.1)
Other income (expense)        
Interest income 2.2 1.9 5.1 5.4
Interest expense (49.9) (28.4) (100.8) (54.4)
Foreign exchange loss, net (5.1) (3.1) (2.3) (4.5)
Miscellaneous, net (0.4) (2.7) (1.8) (2.8)
Loss before taxes (45.9) (158.9) (117.0) (206.4)
Income tax expense (benefit) 9.2 (29.8) 69.6 (10.6)
Equity in earnings of unconsolidated subsidiaries (0.2) 0.8 (0.6) 1.9
Net loss (55.3) (128.3) (187.2) (193.9)
Net (loss) income attributable to noncontrolling interests (5.0) 5.1 (4.2) 12.7
Net loss attributable to Diebold Nixdorf, Incorporated $ (50.3) $ (133.4) $ (183.0) $ (206.6)
Basic and diluted weighted-average shares outstanding [1] 76.7 76.0 76.5 75.9
Net loss attributable to Diebold Nixdorf, Incorporated        
Basic and diluted loss per share $ (0.66) $ (1.76) $ (2.39) $ (2.72)
Dividends declared and paid per common share $ 0 $ 0 $ 0 $ 0.10
Service [Member]        
Net sales        
Revenues $ 659.3 $ 692.6 $ 1,288.0 $ 1,382.9
Cost of sales        
Total cost of sales 491.4 550.6 964.9 1,073.6
Product [Member]        
Net sales        
Revenues 490.9 413.0 890.3 786.9
Cost of sales        
Total cost of sales 381.6 337.3 692.1 640.1
Retained Earnings [Member]        
Other income (expense)        
Net loss   (133.4)    
Net loss attributable to Diebold Nixdorf, Incorporated $ (50.3) $ (133.4) $ (183.0) $ (206.6)
[1] 1.8 and 0.7 shares for the three months ended June 30, 2019 and 2018, respectively, and 1.5 and 0.8 shares for the six months ended June 30, 2019 and 2018, respectively, would have been included in the weighted-average number of shares used in diluted earnings (loss) per share used in the computation of diluted earnings (loss) per share because their effects are dilutive.