|
Net sales
|
|
$282.2m
|
$598.4m
|
$704.3m
|
$458.3m
|
$422.7m
|
$423.0m
|
|
Total cost of sales
|
|
$102.7m
|
$124.5m
|
$184.7m
|
$139.7m
|
$130.4m
|
$129.3m
|
|
Gross profit
|
|
$179.6m
|
$473.8m
|
$519.6m
|
$318.6m
|
$292.3m
|
$293.6m
|
|
Selling, general, and administrative
|
|
$37.2m
|
$98.9m
|
$113.9m
|
$168.9m
|
$181.7m
|
$243.1m
|
|
Total operating expenses
|
|
$93.5m
|
$139.7m
|
$155.2m
|
$210.4m
|
$225.4m
|
$286.7m
|
|
Operating income
|
|
$86.1m
|
$334.2m
|
$364.4m
|
$108.2m
|
$66.9m
|
$7.0m
|
|
Amortization of patented formulations
|
|
$6.1m
|
$8.0m
|
$7.5m
|
$8.3m
|
$9.3m
|
$10.0m
|
|
Amortization of other intangible assets
|
|
$39.8m
|
$40.8m
|
$41.3m
|
$41.5m
|
$43.7m
|
$43.6m
|
|
Interest income
|
|
—
|
$0
|
$2.8m
|
$18.8m
|
($25.4m)
|
($14.8m)
|
|
Tax Receivable Agreement liability adjustment
|
|
$0
|
$3.6m
|
$3.1m
|
$7.4m
|
$3.9m
|
($12.1m)
|
|
Income tax provision
|
|
$8.0m
|
$54.8m
|
$61.2m
|
$15.1m
|
$7.4m
|
$3.1m
|
|
Net (loss) income
|
|
$39.3m
|
$220.8m
|
$244.1m
|
$61.6m
|
$19.5m
|
($9.3m)
|
|
Unrealized gain (loss) on derivatives, net of income tax effect
|
|
$0
|
$0
|
$2.6m
|
($1.2m)
|
($2.1m)
|
$428k
|
|
Comprehensive (loss) income
|
|
$39.3m
|
$220.8m
|
$246.6m
|
$60.4m
|
$17.4m
|
($8.8m)
|
|
Total other comprehensive income (loss)
|
|
$0
|
$0
|
$2.6m
|
($1.2m)
|
($2.1m)
|
$428k
|
|
(Loss) income before provision for income taxes
|
|
$47.3m
|
$275.6m
|
$305.2m
|
$76.7m
|
$26.9m
|
($6.2m)
|
|
Net (loss) income per share: Basic (in usd per share)
|
|
$0.06
|
$0.34
|
$0.38
|
$0.09
|
$0.03
|
($0.01)
|
|
Net (loss) income per share: Diluted (in usd per share)
|
|
$0.06
|
$0.32
|
$0.35
|
$0.09
|
$0.03
|
($0.01)
|
|
Weighted average common shares outstanding: Basic (in shares)
|
|
635.4m
|
648.2m
|
649.1m
|
654.6m
|
662.0m
|
666.5m
|
|
Weighted average common shares outstanding: Diluted (in shares)
|
|
636.8m
|
689.9m
|
691.0m
|
677.6m
|
665.4m
|
666.5m
|
|
Cost of product (excluding amortization)
|
|
$96.6m
|
$116.6m
|
$177.2m
|
$131.3m
|
$121.0m
|
$119.3m
|
|
Interest expense
|
|
($38.6m)
|
($61.1m)
|
($44.0m)
|
($58.0m)
|
$59.6m
|
$41.3m
|
|
Other (income) expense, net
|
|
($190k)
|
$2.6m
|
($18.0m)
|
$220k
|
$1.9m
|
($1.3m)
|
|
Total other (income) expense, net
|
|
—
|
$2.6m
|
($18.0m)
|
$7.6m
|
$5.8m
|
($13.4m)
|