XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net revenues $ 1,338.0 $ 1,346.0 $ 2,666.0 $ 2,679.0
Cost of operations 891.0 905.0 1,775.0 1,795.0
General and administrative expense 127.0 124.0 251.0 239.0
Depreciation expense 164.0 136.0 322.0 265.0
Amortization expense 55.0 52.0 108.0 104.0
Acquisition, transaction, and other expense 12.0 15.0 20.0 26.0
Restructuring, impairment, and (gain) loss on disposals 15.0 3.0 15.0 7.0
Total operating expense 1,264.0 1,235.0 2,491.0 2,436.0
Income from operations 74.0 111.0 175.0 243.0
Other income (expense):        
Equity income (loss), net of tax (1.0) 0.0 (3.0) 0.0
Gain (loss) on foreign currency transactions, net 2.0 (3.0) (9.0) (4.0)
Interest expense, net (148.0) (116.0) (287.0) (231.0)
Gain (loss) on extinguishment of debt 0.0 0.0 (7.0) 0.0
Total other income (expense), net (147.0) (119.0) (306.0) (235.0)
Net income (loss) before income taxes (73.0) (8.0) (131.0) 8.0
Income tax expense (benefit) 7.0 0.0 (3.0) (3.0)
Net income (loss) (80.0) (8.0) (128.0) 11.0
Less: Net income (loss) attributable to noncontrolling interests (12.0) (3.0) (20.0) (2.0)
Net income (loss) attributable to Lineage, Inc. (68.0) (5.0) (108.0) 13.0
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on foreign currency hedges and interest rate hedges (13.0) 20.0 (10.0) (19.0)
Foreign currency translation adjustments (12.0) 19.0 (86.0) 49.0
Comprehensive income (loss) (105.0) 31.0 (224.0) 41.0
Less: Comprehensive income (loss) attributable to noncontrolling interests (15.0) 1.0 (31.0) 1.0
Comprehensive income (loss) attributable to Lineage, Inc. $ (90.0) $ 30.0 $ (193.0) $ 40.0
Basic earnings (loss) per share (in dollars per share) $ (0.46) $ (0.08) $ (0.73) $ (0.04)
Diluted earnings (loss) per share (in dollars per share) $ (0.46) $ (0.08) $ (0.73) $ (0.04)
Weighted average common shares outstanding:        
Weighted average common shares outstanding, basic (in shares) 162,000,000 162,000,000 162,000,000 162,000,000
Weighted average common shares outstanding, diluted (in shares) 162,000,000 162,000,000 162,000,000 162,000,000