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Statement of Operations
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Share price
Year Ended December 31,
(in millions ($), except per share amounts)
2024
2023
2022
Revenue
3,756
3,764
3,432
Cost of sales exclusive of items shown separately below
2,808
2,879
2,804
Gross profit
948
885
628
Sales and marketing
188
189
169
General and administrative expenses
326
307
320
Allowance for (recovery of) credit losses
13
19
(8)
Impairment of long-lived assets and goodwill
83
143
84
(Gain) loss on disposal of long-lived assets and other closure related (credits) costs
(57)
32
(33)
Depreciation and amortization
253
293
265
Operating income (loss)
142
(98)
(169)
Interest expense
(64)
(54)
(34)
Foreign currency (loss) gain
(17)
6
(6)
Gain on extinguishment of debt
16
-
-
Other finance costs
(19)
(19)
(21)
Income (loss) before income taxes and share of (loss) income from equity method investments
58
(165)
(230)
Income tax (expense) benefit
(40)
(43)
39
Share of loss from equity method investments
-
(1)
(1)
Net income (loss)
18
(209)
(192)
Net income (loss) attributable to noncontrolling interests
-
(2)
(4)
Net income (loss) attributable to the Company
18
(207)
(188)
Net income (loss) per common share:
Basic
0.02
-0.21
-0.19
Diluted
0.02
-0.21
-0.19