XML 21 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Sales $ 1,612,400 $ 1,317,700 $ 1,177,100
Cost of sales 1,205,000 993,500 845,000
Gross profit 407,400 324,200 332,100
Selling, general and administrative expenses 214,500 196,800 178,200
Amortization expense 41,400 38,900 45,700
Asset impairments 0 0 16,000
Operating expenses 255,900 235,700 239,900
Operating income 151,500 88,500 92,200
Acquisition related finance fees 37,000 0 0
Interest expense, net 28,800 10,700 17,700
Financing costs amortization 2,900 8,300 4,300
Unrealized gain on investment in equity securities (13,100) (3,200) (13,100)
Realized gain on equity method investment (300) 0 0
Realized gain on investment in equity securities 0 (2,600) 0
Foreign currency (gain) loss (800) 900 900
Gain on bargain purchase 0 0 (5,000)
Other (income) expense, net (1,900) 300 2,200
Income from continuing operations before income taxes and equity in earnings of unconsolidated affiliates, net 98,900 74,100 85,200
Income tax expense (benefit):      
Current 17,600 21,400 13,900
Deferred (1,700) (7,900) 1,000
Income tax expense, net 15,900 13,500 14,900
Income from continuing operations before equity in earnings of unconsolidated affiliates, net 83,000 60,600 70,300
Equity in (loss) earnings of unconsolidated affiliates, net (400) 300 0
Net income from continuing operations 82,600 60,900 70,300
(Loss) income from discontinued operations, net of tax (57,600) 0 239,200
Net income 25,000 60,900 309,500
Less: Income attributable to noncontrolling interests of continuing operations, net of taxes 1,000 1,800 1,400
Net income attributable to Chart Industries, Inc. 24,000 59,100 308,100
Income (Loss) from Continuing Operations, Net of Tax, Excluding Portion Attributable to Noncontrolling Interest 81,600 59,100 68,900
Amounts attributable to Chart common stockholders      
Income from continuing operations 24,000 59,100 308,100
Less: Mandatory convertible preferred stock dividend requirement 1,400 0 0
Income from continuing operations attributable to Chart 80,200 59,100 68,900
(Loss) income from discontinued operations, net of tax (57,600) 0 239,200
Net income attributable to Chart common stockholders, basic 22,600 59,100 308,100
Net income attributable to Chart common stockholders, diluted $ 22,600 $ 59,100 $ 308,100
Basic earnings per common share attributable to Chart Industries, Inc.      
Income from continuing operations (usd per share) $ 2.21 $ 1.66 $ 1.95
(Loss) income from discontinued operations (usd per share) (1.59) 0 6.76
Net income attributable to Chart Industries, Inc. (usd per share) 0.62 1.66 8.71
Diluted earnings per common share attributable to Chart Industries, Inc.      
Income from continuing operations (usd per share) 1.92 1.44 1.89
(Loss) income from discontinued operations (usd per share) (1.38) 0 6.56
Net income attributable to Chart Industries, Inc. (usd per share) $ 0.54 $ 1.44 $ 8.45
Weighted-average number of common shares outstanding:      
Basic (shares) 36,250 35,610 35,380
Diluted (shares) 41,800 41,110 36,450