Income Statement






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  Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Restated) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Reclassified)
Gross Revenue 120.27 109.30 89.49 54.35
Excise Tax Receipts -33.03 -22.55 -15.05 -7.63
Revenue 87.24 86.75 74.44 46.72
Total Revenue 87.24 86.75 74.44 46.72
Cost of Revenue 75.33 71.31 91.97 72.55
Cost of Revenue, Total 75.33 71.31 91.97 72.55
Gross Profit 11.91 15.44 -17.53 -25.83
Selling/General/Administrative Expense 72.18 85.72 141.42 114.96
Labor & Related Expense 8.76 15.01 10.15 15.36
Selling/General/Administrative Expenses, Total 80.93 100.73 151.57 130.32
Research & Development 5.84 13.13 23.33 20.37
Depreciation 5.04 5.97 4.48 2.87
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization 5.04 5.97 4.48 2.87
Interest Income - Operating -- -- -- --
Investment Income - Operating -- -- -- --
Interest/Investment Income - Operating -- -- -- --
Interest Expense (Income) - Net Operating -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- --
Restructuring Charge 1.52 3.55 0.00 0.00
Impairment-Assets Held for Use 3.37 3.49 363.68 40.00
Impairment-Assets Held for Sale 23.35 61.39 -- --
Other Unusual Expense (Income) -- -- -- --
Unusual Expense (Income) 28.24 68.43 363.68 40.00
Other, Net -- -- -- --
Other Operating Expenses, Total -- -- -- --
Total Operating Expense 195.39 259.57 635.03 266.11
Operating Income -108.15 -172.82 -560.59 -219.39
Interest Expense - Non-Operating -- -- -0.03 -0.19
Interest Expense, Net Non-Operating -- -- -0.03 -0.19
Interest Income, Non-Operating -- -- 9.10 18.60
Investment Income, Non-Operating -17.87 29.63 153.66 129.52
Interest/Investment Income, Non-Operating -17.87 29.63 162.76 148.13
Interest Income (Expense), Net Non-Operating 51.24 22.51 -- --
Interest Income (Expense), Net-Non-Operating, Total 33.37 52.14 162.73 147.94
Gain (Loss) on Sale of Assets -- -- -- --
Other Non-Operating Income (Expense) 1.11 -0.32 0.73 -1.83
Other, Net 1.11 -0.32 0.73 -1.83
Net Income Before Taxes -73.67 -121.00 -397.14 -73.27
Income Tax – Total -3.23 34.18 -0.43 1.35
Income After Tax -70.44 -155.18 -396.70 -74.62
Minority Interest 0.59 0.00 1.10 2.13
Net Income Before Extraordinary Items -69.85 -155.18 -395.61 -72.49
Discontinued Operations -4.11 -13.56 -0.50 -0.65
Total Extraordinary Items -4.11 -13.56 -0.50 -0.65
Net Income -73.96 -168.73 -396.11 -73.14
Income Available to Common Excluding Extraordinary Items -69.85 -155.18 -395.61 -72.49
Income Available to Common Stocks Including Extraordinary Items -73.96 -168.73 -396.11 -73.14
Basic Weighted Average Shares 380.96 376.96 370.39 351.58
Basic EPS Excluding Extraordinary Items -0.18 -0.41 -1.07 -0.21
Basic EPS Including Extraordinary Items -0.19 -0.45 -1.07 -0.21
Dilution Adjustment -- -- -- --
Diluted Net Income -73.96 -168.73 -396.11 -73.14
Diluted Weighted Average Shares 380.96 376.96 370.39 351.58
Diluted EPS Excluding Extraordinary Items -0.18 -0.41 -1.07 -0.21
Diluted EPS Including Extraordinary Items -0.19 -0.45 -1.07 -0.21
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 -- -- --
Total Special Items 28.24 68.43 363.68 40.00
Normalized Income Before Taxes -45.43 -52.57 -33.46 -33.27
Effect of Special Items on Income Taxes 9.88 23.95 127.29 14.00
Income Taxes Excluding Impact of Special Items 6.65 58.13 126.86 15.35
Normalized Income After Taxes -52.08 -110.70 -160.32 -48.62
Normalized Income Available to Common -51.49 -110.70 -159.22 -46.49
Basic Normalized EPS -0.14 -0.29 -0.43 -0.13
Diluted Normalized EPS -0.14 -0.29 -0.43 -0.13
Amortization of Intangibles, Supplemental 3.51 2.75 1.80 0.81
Depreciation, Supplemental 4.60 10.37 13.60 9.05
Interest Expense, Supplemental -- -- 0.03 0.19
Interest Capitalized, Supplemental -- -- -- --
Rental Expense, Supplemental 0.21 1.10 2.54 2.54
Stock-Based Compensation, Supplemental 8.76 15.01 10.15 15.36
Equity in Affiliates, Supplemental 1.58 3.11 -6.31 -4.51
Minority Interest, Supplemental 0.59 0.00 1.10 2.13
Research & Development Expense, Supplemental 5.84 13.13 23.33 20.37
Audit-Related Fees, Supplemental -- -- 3.11 2.03
Audit-Related Fees -- -- 0.00 0.00
Tax Fees, Supplemental -- -- 0.09 0.21
Gross Margin 13.65 17.79 -23.56 -55.29
Operating Margin -123.97 -199.22 -753.13 -469.59
Pretax Margin -84.44 -139.49 -533.53 -156.84
Effective Tax Rate -- -- -- --
Net Profit Margin -80.06 -178.88 -531.48 -155.16
Normalized EBIT -79.91 -104.39 -196.92 -179.39
Normalized EBITDA -71.80 -91.27 -181.52 -169.52
Current Tax - Total -- -- -- 1.35
Current Tax - Total -- -- -- 1.35
Deferred Tax - Total -- -- -- 0.00
Deferred Tax - Total -- -- -- 0.00
Income Tax - Total -- -- -- 1.35

In millions of USD (except for per share items)

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