Garrett Motion Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
GTX$20.75+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (Dollars in millions except per share amounts) | |||
| Net sales (Note 4) | $3,886 | $3,603 | $3,633 |
| Cost of goods sold | 3,130 | 2,920 | 2,926 |
| Gross profit | 756 | 683 | 707 |
| Selling, general and administrative expenses | 247 | 216 | 216 |
| Other expense, net (Note 5) | 5 | 2 | 1 |
| Interest expense | 159 | 8 | 83 |
| Loss on extinguishment of debt (Note 17) | — | 5 | — |
| Non-operating income (Note 6) | (2) | (47) | (6) |
| Reorganization items, net (Note 1) | — | 3 | (125) |
| Income before taxes | 347 | 496 | 538 |
| Tax expense (Note 7) | 86 | 106 | 43 |
| Net income | 261 | 390 | 495 |
| Less: preferred stock dividends (Note 21) | (80) | (157) | (97) |
| Less: preferred stock deemed dividends (Note 21) | (232) | — | — |
| Net (loss) income available for distribution | $(51) | $233 | $398 |
| (Loss) Earnings per share (Note 24) | |||
| Basic | $(0.31) | $0.75 | $1.69 |
| Diluted | $(0.31) | $0.75 | $1.56 |
| Weighted average common shares outstanding | |||
| Basic | 166,595,397 | 64,708,635 | 69,706,183 |
| Diluted | 166,595,397 | 65,075,992 | 317,503,300 |
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