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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 1,414.1 $ 1,677.4 $ 3,272.9 $ 5,100.9
Cost of goods sold 1,164.3 1,428.7 2,926.7 4,381.7
Gross profit 249.8 248.7 346.2 719.2
Selling, general and administrative expenses 66.5 92.7 230.6 274.7
Amortization of intangible assets 21.6 23.7 65.0 73.6
Impairment charges 0.0 225.0 510.0 225.0
Restructuring and acquisition-related costs 9.7 11.7 38.6 36.0
Loss on sale of business 0.0 0.0 1.0 0.0
Operating income (loss) 152.0 (104.4) (499.0) 109.9
Interest expense (53.9) (54.3) (160.0) (163.9)
Interest income 3.4 2.2 9.2 3.4
Debt refinancing and redemption costs (5.2) (5.1) (6.7) (7.5)
Other expense, net (1.6) (2.9) (3.8) (9.0)
Income (loss) before income taxes 94.7 (164.5) (660.3) (67.1)
Income tax benefit (22.5) (40.4) (63.1) (37.4)
Net income (loss) 117.2 (124.1) (597.2) (29.7)
Net income attributable to noncontrolling interests 0.0 (0.1) (0.1) (0.4)
Net income (loss) attributable to AAM $ 117.2 $ (124.2) $ (597.3) $ (30.1)
Basic earnings (loss) per share $ 0.99 $ (1.10) $ (5.28) $ (0.27)
Diluted earnings (loss) per share $ 0.99 $ (1.10) $ (5.28) $ (0.27)