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Non-Operating Income and Expenses
12 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
Non-Operating Income and Expenses

 

  Note 20. Non-Operating Income and Expenses

 

Non-operating income and expenses, net on our consolidated statement of operations amounted to an income of $0.6 and $0.1 for the years ended December 31, 2021 and 2020, respectively. These amounts are primarily comprised of income from interests on receivables and short-term investments, rent income, recoveries on scrap materials.

 

During the year ended December 31, 2021, the Company also recorded a loss in debt extinguishment of $10.7 million, mainly comprised of a one-time $8.6 million call premium paid on the $210 million senior notes redemption, along with a non-cash amortization of deferred cost of financing related to said notes.

 

During the year ended December 31, 2021, the Company recorded a non operating loss of $4.3 million associated with a foreign currency transactions loss, which excludes a non-cash $8.5 million foreign currency transaction loss from remeasurement of certain intercompany loans reclassified to other comprehensive income. Comparatively, the Company recorded a net loss of $8.6 million during the year ended December 31, 2020 within the statement of operations as the Colombian peso depreciated 16.0% during the period.