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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Gross revenue $ 141.8 $ 180.5 $ 341.2 $ 335.5
Cost of sales 109.5 136.9 264.4 253.3
Gross profit 32.3 43.6 76.8 82.2
General and administrative expenses 89.2 26.1 111.5 52.6
Depreciation and amortization expense 10.4 9.8 20.9 19.6
Professional fees 1.2 2.0 2.9 3.8
Advertising and marketing expenses 0.8 1.4 2.1 2.8
Restructuring expenses (Note 4) 0.1 0.1 0.3 0.3
Other operating (income) expense, net (Note 3) (12.4)   (12.4)  
Total operating expenses 89.3 39.4 125.3 79.1
(Loss) income from operations (57.0) 4.2 (48.5) 3.1
Loss on extinguishment of debt (Note 10) (7.1)   (7.1)  
Other income, net 0.2 0.7 0.1 0.9
Interest expense (11.7) (12.7) (25.0) (25.2)
Loss before income taxes (75.6) (7.8) (80.5) (21.2)
Income tax benefit (provision) (Note 13) 0.6 (0.4) 0.3 (0.5)
Net loss [1] (75.0) (8.2) (80.2) $ (21.7)
Net loss attributable to noncontrolling interests [2] (1.0)   (1.0)  
Net loss attributable to Shift4 Payments, Inc. $ (74.0) [3] $ (8.2) $ (79.2) [3]  
Class A Common Stock        
Basic and diluted net loss per share:        
Basic and diluted net loss per share [4] $ (0.03)   $ (0.03)  
Weighted average common stock outstanding [4] 19,002,563   19,002,563  
Class C Common Stock        
Basic and diluted net loss per share:        
Basic and diluted net loss per share [4] $ (0.03)   $ (0.03)  
Weighted average common stock outstanding [4] 20,139,163   20,139,163  
[1] Net loss is equal to comprehensive loss.
[2] Net loss attributable to noncontrolling interests is equal to comprehensive loss attributable to noncontrolling interests.
[3] Net loss attributable Shift4 Payments, Inc.is equal to comprehensive loss attributable to Shift4 Payments, Inc.
[4] Represents basic and diluted loss per share of Class A and Class C common stock and weighted average shares of Class A and Class C common stock outstanding for the period from June 5, 2020 through June 30, 2020, the period following the Reorganization Transactions and Shift4 Payments, Inc.'s initial public offering described in Note 1. See Note 22 for additional information on basic and diluted loss per share.