Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Operations

v3.19.2
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES FROM PRODUCT SALES AND SERVICES            
Product Revenue $ 697.4   $ 672.0   $ 842.8 $ 841.2
Freight Revenue 45.8   42.3   57.4 53.1
TOTAL REVENUES 743.2   714.3   900.2 894.3
COST OF GOODS SOLD (480.2)   (429.8)   (606.3) (548.3)
SALES MARGIN 263.0   284.5   293.9 346.0
OTHER OPERATING EXPENSE            
Selling, general and administrative expenses (30.6)   (26.2)   (58.7) (51.3)
Miscellaneous - net (5.6)   (4.1)   (9.2) (10.2)
Other operating expense 36.2   30.3   67.9 61.5
OPERATING INCOME 226.8   254.2   226.0 284.5
OTHER INCOME (EXPENSE)            
Interest expense, net (26.1)   (31.2)   (51.2) (63.6)
Gain (loss) on extinguishment of debt (17.9)   0.2   (18.2) 0.2
Other non-operating income 0.6   4.4   1.0 8.8
TOTAL OTHER INCOME (EXPENSE) (43.4)   (26.6)   (68.4) (54.6)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 183.4   227.6   157.6 229.9
INCOME TAX BENEFIT (EXPENSE) (22.0)   1.8   (18.3) (13.9)
INCOME FROM CONTINUING OPERATIONS 161.4   229.4   139.3 216.0
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX (0.6)   (64.3)   (0.6) (135.2)
NET INCOME $ 160.8 $ (22.1) $ 165.1 $ (84.3) $ 138.7 $ 80.8
EARNINGS (LOSS) PER COMMON SHARE – BASIC            
Continuing operations (in dollars per share) $ 0.59   $ 0.77   $ 0.49 $ 0.73
Discontinued operations (in dollars per share) 0   (0.22)   0 (0.46)
Earnings (Loss) per Common Share - Basic (in dollars per share) 0.59   0.55   0.49 0.27
EARNINGS (LOSS) PER COMMON SHARE – DILUTED            
Continuing operations (in dollars per share) 0.57   0.76   0.47 0.72
Discontinued operations (in dollars per share) 0   (0.21)   0 (0.45)
Earnings (Loss) per Common Share - Diluted (in dollars per share) $ 0.57   $ 0.55   $ 0.47 $ 0.27
AVERAGE NUMBER OF SHARES (IN THOUSANDS)            
Basic 275,769   297,618   282,647 297,442
Diluted 285,479   301,275   293,580 301,143