XML 15 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net sales      
Products $ 3,392.3 $ 3,529.0 $ 3,717.1
Services 801.4 602.4 612.4
Total net sales 4,193.7 4,131.4 4,329.5
Cost of sales      
Products 2,829.0 2,827.3 2,971.0
Services 600.3 432.1 423.8
Total cost of sales 3,429.3 3,259.4 3,394.8
Operating expenses      
Selling, general and administrative expenses 372.1 423.8 466.7
Depreciation and amortization 230.7 232.5 277.1
Restructuring, impairment and transaction-related charges 103.6 60.4 73.6
Total operating expenses 4,135.7 3,976.1 4,212.2
Operating income 58.0 155.3 117.3
Interest expense 73.3 71.1 77.2
Net pension income (12.4) (9.6) (5.1)
Loss (gain) on debt extinguishment 0.0 2.6 (14.1)
Earnings (loss) before income taxes and equity in (earnings) loss of unconsolidated entity (2.9) 91.2 59.3
Income tax (benefit) expense (9.8) (16.0) 13.0
Earnings before equity in (earnings) loss of unconsolidated entity 6.9 107.2 46.3
Equity in (earnings) loss of unconsolidated entity (1.0) 0.0 1.4
Net earnings 7.9 107.2 44.9
Less: net loss attributable to noncontrolling interests (0.6) 0.0 0.0
Net earnings attributable to Quad common shareholders $ 8.5 $ 107.2 $ 44.9
Earnings per share attributable to Quad common shareholders      
Basic (in dollars per share) $ 0.17 $ 2.16 $ 0.94
Diluted (in dollars per share) $ 0.16 $ 2.07 $ 0.90
Weighted average number of common shares outstanding      
Basic (in shares) 49.8 49.6 47.9
Diluted (in shares) 51.6 51.8 49.8