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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 1,106.5 $ 484.5 $ 1,618.9 $ 878.5
Operating expenses:        
Selling, general and administrative 194.5 144.3 342.7 270.9
Acquisition-related and integration costs 46.3 3.4 172.5 13.0
Depreciation and amortization 109.6 24.3 145.8 48.5
Total operating expenses 929.6 393.2 1,468.1 724.3
Gain on disposition of property, plant and equipment 2.7 0.3 3.9 170.2
Operating income 179.6 91.6 154.7 324.4
Interest expense (65.0) (18.5) (85.9) (39.1)
Interest income 5.0 0.9 11.3 1.4
Change in fair value of derivatives, net       1.3
Other income, net 0.2 0.8 2.6 1.1
Foreign exchange (loss) gain (0.4) 0.2 (0.7) 0.3
Income before income taxes 119.4 75.0 82.0 289.4
Income tax expense 32.6 21.6 23.4 57.9
Net income 86.8 53.4 58.6 231.5
Net income attributable to:        
Controlling interests 86.9 53.4 58.8 231.5
Redeemable non-controlling interests (0.1)   (0.2)  
Net income 86.8 53.4 58.6 231.5
Net income attributable to controlling interests 86.9 53.4 58.8 231.5
Cumulative dividends on Series A Senior Preferred Shares (6.7)   (10.9)  
Allocated earnings to Series A Senior Preferred Shares (2.8)   (3.7)  
Net income available to common stockholders $ 77.4 $ 53.4 $ 44.2 $ 231.5
Earnings per share available to common stockholders:        
Basic $ 0.43 $ 0.48 $ 0.29 $ 2.09
Diluted $ 0.42 $ 0.48 $ 0.29 $ 2.07
Weighted average number of shares outstanding:        
Basic 181,860,026 110,760,339 151,343,397 110,705,182
Diluted 182,810,399 111,705,102 152,404,830 111,681,644
Service revenue        
Revenue:        
Total revenue $ 806.1 $ 286.5 $ 1,149.6 $ 531.4
Operating expenses:        
Direct expenses 287.3 45.0 363.7 84.1
Inventory sales revenue        
Revenue:        
Total revenue 300.4 198.0 469.3 347.1
Operating expenses:        
Direct expenses $ 291.9 $ 176.2 $ 443.4 $ 307.8