XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Sales $ 404.8 $ 322.0 $ 758.9 $ 610.5
Cost of sales 310.0 238.8 580.4 443.4
Gross profit 94.8 83.2 178.5 167.1
Selling, general, and administrative expenses 53.5 48.1 107.0 94.4
Amortization expense 11.7 9.6 21.8 18.4
Operating expenses 65.2 57.7 128.8 112.8
Operating income 29.6 25.5 49.7 54.3
Interest expense, net 4.4 2.2 7.6 4.2
Unrealized loss on investments in equity securities 9.6 12.5 12.2 9.2
Realized gain on equity method investment (0.3) 0.0 (0.3) 0.0
Financing costs amortization 0.7 1.1 1.4 2.3
Foreign currency (gain) loss (1.7) 0.9 (0.1) 0.9
Other (income) expense (0.2) 0.8 (0.9) 0.6
Income before income taxes and equity in (loss) earnings of unconsolidated affiliates, net 17.1 8.0 29.8 37.1
Income tax expense 3.5 1.3 5.6 4.4
Income before equity in (loss) earnings of unconsolidated affiliates, net 13.6 6.7 24.2 32.7
Equity in (loss) earnings of unconsolidated affiliates, net (0.2) 0.1 (0.5) 0.2
Net income 13.4 6.8 23.7 32.9
Less: Income attributable to noncontrolling interests, net of taxes 0.4 0.3 0.5 0.8
Net income attributable to Chart Industries, Inc. $ 13.0 $ 6.5 $ 23.2 $ 32.1
Net income attributable to Chart Industries, Inc. per common share:        
Basic (usd per share) $ 0.36 $ 0.18 $ 0.65 $ 0.90
Diluted (usd per share) $ 0.31 $ 0.16 $ 0.56 $ 0.79
Weighted-average number of common shares outstanding:        
Basic (shares) 35,860 35,610 35,850 35,580
Diluted (shares) 41,560 40,810 41,180 40,720
Comprehensive (loss) income, net of taxes $ (18.0) $ 14.4 $ (13.8) $ 21.3
Less: Comprehensive (loss) income attributable to noncontrolling interests, net of taxes (0.1) 0.3 0.0 0.8
Comprehensive (loss) income attributable to Chart Industries, Inc., net of taxes $ (17.9) $ 14.1 $ (13.8) $ 20.5