Garrett Motion Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (Dollars in millions except per share amounts) | |||
| Net sales (Note 4) | $3,475 | $3,886 | $3,603 |
| Cost of goods sold | 2,770 | 3,130 | 2,920 |
| Gross profit | 705 | 756 | 683 |
| Selling, general and administrative expenses | 240 | 247 | 216 |
| Other expense, net (Note 5) | 6 | 5 | 2 |
| Interest expense | 156 | 159 | 8 |
| Loss on extinguishment of debt (Note 17) | — | — | 5 |
| Gain on sale of equity investment (Note 28) | (27) | — | — |
| Non-operating income, net (Note 6) | (13) | (2) | (47) |
| Reorganization items, net (Note 2) | — | — | 3 |
| Income before taxes | 343 | 347 | 496 |
| Tax expense (Note 7) | 61 | 86 | 106 |
| Net income | 282 | 261 | 390 |
| Less: preferred stock dividends (Note 21) | — | (80) | (157) |
| Less: preferred stock deemed dividends (Note 21) | — | (232) | — |
| Net income (loss) available for distribution | $282 | $(51) | $233 |
| Earnings (Loss) per share (Note 24) | |||
| Basic | $1.27 | $(0.31) | $0.75 |
| Diluted | $1.26 | $(0.31) | $0.75 |
| Weighted average common shares outstanding | |||
| Basic | 222,316,484 | 166,595,397 | 64,708,635 |
| Diluted | 224,121,156 | 166,595,397 | 65,075,992 |
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