XML 92 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total net sales $ 1,619.4 $ 1,649.5 $ 4,650.0 $ 5,036.8
Total cost of sales 1,308.5 1,334.1 3,782.6 4,136.1
Total gross profit 310.9 315.4 867.4 900.7
Selling, general and administrative expenses (exclusive of depreciation and amortization) 190.5 203.8 589.1 626.4
Restructuring and other (income) expense-net (Note 6) (2.3) 11.0 30.8 22.8
Depreciation and amortization 43.5 44.2 126.2 137.5
Other operating expense (income) 5.4 (4.5) 3.3 (4.6)
Income from operations 73.8 60.9 118.0 118.6
Interest expense-net 37.4 42.0 115.6 125.7
Investment and other income-net (4.6) (5.5) (11.3) (14.7)
Loss on debt extinguishment 0.8   0.8 0.1
Income before income taxes 40.2 24.4 12.9 7.5
Income tax expense (benefit) 27.3 (10.4) 15.9 (5.4)
Net income (loss) 12.9 34.8 (3.0) 12.9
Less: income attributable to noncontrolling interests 0.3 0.5 0.2 1.2
Net income (loss) attributable to RRD common stockholders $ 12.6 $ 34.3 $ (3.2) $ 11.7
Net income (loss) per share attributable to RRD common stockholders (Note 10):        
Basic net income (loss) per share $ 0.18 $ 0.49 $ (0.04) $ 0.17
Diluted net income (loss) per share $ 0.18 $ 0.49 $ (0.04) $ 0.17
Weighted average number of common shares outstanding:        
Basic 71.4 70.6 71.2 70.5
Diluted 71.4 70.7 71.2 70.8
Products        
Total net sales $ 1,328.8 $ 1,329.8 $ 3,774.4 $ 3,881.6
Total cost of sales 1,073.5 1,076.8 3,076.4 3,167.7
Total gross profit 255.3 253.0 698.0 713.9
Services        
Total net sales 290.6 319.7 875.6 1,155.2
Total cost of sales 235.0 257.3 706.2 968.4
Total gross profit $ 55.6 $ 62.4 $ 169.4 $ 186.8