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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 515.3 $ 1,704.3 $ 1,858.8 $ 3,423.5
Cost of goods sold 614.2 1,456.0 1,762.4 2,953.0
Gross profit (loss) (98.9) 248.3 96.4 470.5
Selling, general and administrative expenses 73.8 91.3 164.1 182.0
Amortization of intangible assets 21.6 24.9 43.4 49.9
Impairment charge 0.0 0.0 510.0 0.0
Restructuring and acquisition-related costs 11.3 12.2 28.9 24.3
Loss on sale of business 0.0 0.0 1.0 0.0
Operating income (loss) (205.6) 119.9 (651.0) 214.3
Interest expense (54.6) (56.2) (106.1) (109.6)
Interest income 3.0 0.5 5.8 1.2
Debt refinancing and redemption costs 0.0 (2.4) (1.5) (2.4)
Other income (expense), net 0.1 (3.1) (2.2) (6.1)
Income (loss) before income taxes (257.1) 58.7 (755.0) 97.4
Income tax expense (benefit) (43.9) 6.0 (40.6) 3.0
Net income (loss) (213.2) 52.7 (714.4) 94.4
Net income attributable to noncontrolling interests 0.0 (0.2) (0.1) (0.3)
Net income (loss) attributable to AAM $ (213.2) $ 52.5 $ (714.5) $ 94.1
Basic earnings (loss) per share $ (1.88) $ 0.45 $ (6.33) $ 0.81
Diluted earnings (loss) per share $ (1.88) $ 0.45 $ (6.33) $ 0.81