XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Sales $ 908.1 $ 404.8 $ 1,439.6 $ 758.9
Cost of sales 627.5 310.0 1,009.7 580.4
Gross profit 280.6 94.8 429.9 178.5
Selling, general, and administrative expenses 140.7 53.5 233.6 107.0
Amortization expense 44.2 11.7 66.0 21.8
Operating expenses 184.9 65.2 299.6 128.8
Operating income 95.7 29.6 130.3 49.7
Acquisition related finance fees 0.0 0.0 26.1 0.0
Interest expense, net 79.5 4.4 105.0 7.6
Financing costs amortization 4.4 0.7 7.2 1.4
Unrealized loss on investments in equity securities 4.6 9.6 6.6 12.2
Realized gain on equity method investment 0.0 (0.3) 0.0 (0.3)
Foreign currency gain (4.1) (1.7) (5.2) (0.1)
Other expense (income) 0.8 (0.2) 1.6 (0.9)
Income (loss) from continuing operations before income taxes and equity in earnings (loss) of unconsolidated affiliates, net 10.5 17.1 (11.0) 29.8
Income tax expense (benefit) 2.4 3.5 (4.3) 5.6
Income (loss) from continuing operations before equity in earnings (loss) of unconsolidated affiliates, net 8.1 13.6 (6.7) 24.2
Equity in earnings (loss) of unconsolidated affiliates, net 1.5 (0.2) 1.1 (0.5)
Net income (loss) from continuing operations 9.6 13.4 (5.6) 23.7
Income from discontinued operations, net of tax 2.5 0.0 3.4 0.0
Net income (loss) 12.1 13.4 (2.2) 23.7
Less: Income attributable to noncontrolling interests of continuing operations, net of taxes 3.0 0.4 3.7 0.5
Net income (loss) attributable to Chart Industries, Inc. 9.1 13.0 (5.9) 23.2
Amounts attributable to Chart common stockholders        
Income (loss) from continuing operations 6.6 13.0 (9.3) 23.2
Less: Mandatory convertible preferred stock dividend requirement 6.9 0.0 13.7 0.0
(Loss) income from continuing operations attributable to Chart (0.3) 13.0 (23.0) 23.2
Income from discontinued operations, net of tax 2.5 0.0 3.4 0.0
Net income (loss) attributable to Chart common stockholders 2.2 13.0 (19.6) 23.2
Net income (loss) attributable to Chart common stockholders $ 2.2 $ 13.0 $ (19.6) $ 23.2
Basic earnings per common share attributable to Chart Industries, Inc.        
(Loss) income from continuing operations (usd per share) $ (0.01) $ 0.36 $ (0.55) $ 0.65
Income from discontinued operations (usd per share) 0.06 0 0.08 0
Net income (loss) attributable to Chart Industries, Inc. - Basic (usd per share) 0.05 0.36 (0.47) 0.65
Diluted earnings per common share attributable to Chart Industries, Inc.        
(Loss) income from continuing operations (usd per share) (0.01) 0.31 (0.55) 0.56
Income from discontinued operations (usd per share) 0.06 0 0.08 0
Net income (loss) attributable to Chart Industries, Inc. - Diluted (usd per share) $ 0.05 $ 0.31 $ (0.47) $ 0.56
Weighted-average number of common shares outstanding:        
Basic (shares) 41,970 35,860 41,960 35,850
Diluted (shares) 46,450 41,560 41,960 41,180
Comprehensive income (loss), net of taxes $ 10.0 $ (18.0) $ (0.2) $ (13.8)
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of taxes 3.0 (0.1) 3.7 0.0
Comprehensive income (loss) attributable to Chart Industries, Inc., net of taxes $ 7.0 $ (17.9) $ (3.9) $ (13.8)