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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 6,530.9 $ 7,270.4 $ 6,266.0
Cost of goods sold 5,628.3 6,130.0 5,146.9
Gross profit 902.6 1,140.4 1,119.1
Selling, general and administrative expenses 364.7 385.7 390.1
Amortization of intangible assets 95.4 99.4 75.3
Impairment charges 665.0 485.5 0.0
Restructuring and acquisition-related costs 57.8 78.9 110.7
(Gain) loss on sale of business 21.3 (15.5) 0.0
Operating income (loss) (301.6) 106.4 543.0
Interest expense (217.3) (216.3) (195.6)
Interest income 5.8 2.0 2.9
Other income (expense)      
Debt refinancing and redemption costs (8.4) (19.4) (3.5)
Gain on bargain purchase of business 10.8 0.0 0.0
Gain on settlement of capital lease 0.0 15.6 0.0
Pension settlement charge (9.8) 0.0 0.0
Other, net (12.5) (2.2) (6.8)
Income (loss) before income taxes (533.0) (113.9) 340.0
Income tax expense (benefit) (48.9) (57.1) 2.5
Net income (loss) (484.1) (56.8) 337.5
Net income attributable to noncontrolling interests (0.4) (0.7) (0.4)
Net income (loss) attributable to AAM $ (484.5) $ (57.5) $ 337.1
Basic earnings (loss) per share $ (4.31) $ (0.51) $ 3.22
Diluted earnings (loss) per share $ (4.31) $ (0.51) $ 3.21