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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 1,343.5 $ 1,719.2
Cost of goods sold 1,148.2 1,497.0
Gross profit 195.3 222.2
Selling, general and administrative expenses 90.3 90.7
Amortization of intangible assets 21.8 25.0
Impairment charge 510.0 0.0
Restructuring and acquisition-related costs 17.6 12.1
Loss on sale of business 1.0 0.0
Operating income (loss) (445.4) 94.4
Interest expense (51.5) (53.4)
Interest income 2.8 0.7
Debt refinancing and redemption costs (1.5) 0.0
Other expense, net (2.3) (3.0)
Income (loss) before income taxes (497.9) 38.7
Income tax expense (benefit) 3.3 (3.0)
Net income (loss) (501.2) 41.7
Net income attributable to noncontrolling interests (0.1) (0.1)
Net income (loss) attributable to AAM $ (501.3) $ 41.6
Basic earnings (loss) per share $ (4.45) $ 0.36
Diluted earnings (loss) per share $ (4.45) $ 0.36