CommScope Holding Company Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
VISN$4.12-25.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In millions, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net sales | $5,789.2 | $7,524.7 | $6,737.4 |
| Cost of sales | 3,640.9 | 4,930.7 | 4,297.8 |
| Gross profit | 2,148.3 | 2,594.0 | 2,439.6 |
| Operating expenses: | |||
| Selling, general and administrative | 873.3 | 1,040.9 | 1,082.9 |
| Research and development | 459.7 | 543.6 | 565.0 |
| Amortization of purchased intangible assets | 327.1 | 440.0 | 510.0 |
| Restructuring costs, net | 29.7 | 63.0 | 85.1 |
| Asset impairments | 571.4 | 1,119.6 | — |
| Total operating expenses | 2,261.2 | 3,207.1 | 2,243.0 |
| Operating income (loss) | (112.9) | (613.1) | 196.6 |
| Other income (expense), net | 59.7 | (0.5) | (26.5) |
| Interest expense | (675.8) | (588.9) | (561.2) |
| Interest income | 11.1 | 2.8 | 1.9 |
| Loss from continuing operations before income taxes | (717.9) | (1,199.7) | (389.2) |
| Income tax (expense) benefit | (133.4) | 15.0 | 39.2 |
| Loss from continuing operations | (851.3) | (1,184.7) | (350.0) |
| Loss from discontinued operations, net of income tax (expense) benefit of $184.0, $(1.9) and $32.6, respectively | (599.6) | (102.2) | (112.6) |
| Net loss | (1,450.9) | (1,286.9) | (462.6) |
| Series A convertible preferred stock dividends | (61.8) | (59.0) | (57.3) |
| Net loss attributable to common stockholders | $(1,512.7) | $(1,345.9) | $(519.9) |
| Basic: | |||
| Loss from continuing operations per share | $(4.33) | $(6.00) | $(2.00) |
| Loss from discontinued operations per share | (2.84) | (0.49) | (0.55) |
| Loss per share | $(7.17) | $(6.49) | $(2.55) |
| Diluted: | |||
| Loss from continuing operations per share | $(4.33) | $(6.00) | $(2.00) |
| Loss from discontinued operations per share | (2.84) | (0.49) | (0.55) |
| Loss per share | $(7.17) | $(6.49) | $(2.55) |
| Weighted average shares outstanding: | |||
| Basic | 210.9 | 207.4 | 203.6 |
| Diluted | 210.9 | 207.4 | 203.6 |
| See notes to consolidated financial statements. | |||
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