Statement of Operations

Investors

Share price

Investors

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) 
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 
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