XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 1,283.3 $ 515.3 $ 2,708.4 $ 1,858.8
Cost of goods sold 1,093.3 614.2 2,291.3 1,762.4
Gross profit (loss) 190.0 (98.9) 417.1 96.4
Selling, general and administrative expenses 86.2 73.8 176.2 164.1
Amortization of intangible assets 21.4 21.6 42.9 43.4
Impairment charges 0.0 0.0 0.0 510.0
Restructuring and acquisition-related costs 15.9 11.3 33.4 28.9
Loss on sale of business 0.1 0.0 2.7 1.0
Operating income (loss) 66.4 (205.6) 161.9 (651.0)
Interest expense (49.9) (54.6) (101.0) (106.1)
Interest income 2.6 3.0 5.5 5.8
Debt refinancing and redemption costs (1.3) 0.0 (2.4) (1.5)
Other income (expense), net 0.6 0.1 1.8 (2.2)
Income (loss) before income taxes 18.4 (257.1) 65.8 (755.0)
Income tax expense (benefit) 2.4 (43.9) 11.2 (40.6)
Net income (loss) 16.0 (213.2) 54.6 (714.4)
Net income attributable to noncontrolling interests 0.0 0.0 0.0 (0.1)
Net income (loss) attributable to AAM $ 16.0 $ (213.2) $ 54.6 $ (714.5)
Basic earnings (loss) per share $ 0.13 $ (1.88) $ 0.46 $ (6.33)
Diluted earnings (loss) per share $ 0.13 $ (1.88) $ 0.46 $ (6.33)