GRAFTECH INTERNATIONAL LTD
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
EAF$10.29-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss) Income
(Dollars in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| STATEMENTS OF OPERATIONS | |||
| Net sales | $620,500 | $1,281,250 | $1,345,788 |
| Cost of goods sold | 571,857 | 726,373 | 701,335 |
| Lower of cost or market inventory valuation adjustment | 12,431 | — | — |
| Gross profit | 36,212 | 554,877 | 644,453 |
| Research and development | 5,520 | 3,641 | 3,771 |
| Selling and administrative expenses | 74,012 | 76,977 | 132,608 |
| Goodwill impairment charges | 171,117 | — | — |
| Operating (loss) income | (214,437) | 474,259 | 508,074 |
| Other expense (income), net | 4,679 | (10,147) | (16,220) |
| Interest expense | 58,087 | 36,568 | 68,760 |
| Interest income | (3,439) | (4,480) | (872) |
| (Loss) income before (benefit) provision for income taxes | (273,764) | 452,318 | 456,406 |
| (Benefit) provision for income taxes | (18,514) | 69,356 | 68,076 |
| Net (loss) income | $(255,250) | $382,962 | $388,330 |
| Basic (loss) income per common share: | |||
| Net (loss) income per share | $(0.99) | $1.48 | $1.46 |
| Weighted average common shares outstanding | 257,042,843 | 258,781,843 | 266,251,097 |
| Diluted (loss) income per common share: | |||
| Net (loss) income per share | (0.99) | 1.48 | 1.46 |
| Weighted average common shares outstanding | 257,042,843 | 258,791,228 | 266,317,194 |
| STATEMENTS OF COMPREHENSIVE (LOSS) INCOME | |||
| Net (loss) income | $(255,250) | $382,962 | $388,330 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments, net of tax of $(8), $0 and $0, respectively | 10,166 | (7,024) | (19,605) |
| Commodities, interest rate and foreign currency derivatives, net of tax of $4,424, $(2,591) and $(8,632), respectively | (13,554) | 6,398 | 31,802 |
| Other comprehensive (loss) income, net of tax: | (3,388) | (626) | 12,197 |
| Comprehensive (loss) income | $(258,638) | $382,336 | $400,527 |
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