|
Three months ended |
Year ended |
|||||||||||||
|
December 31, |
December 31, |
|||||||||||||
|
2019 |
2018 |
2019 |
2018 |
|||||||||||
($ millions, except per share amounts) |
|
|
|
|
|
|
|
|
|||||||
Revenues |
$ |
410 |
|
$ |
418 |
|
$ |
1,666 |
$ |
1,804 |
|
||||
Income (loss) from continuing operations |
|
53 |
|
|
(485 |
) |
|
83 |
|
(873 |
) |
||||
(Loss) income from discontinued operations, net of tax |
|
(10 |
) |
|
(456 |
) |
|
26 |
|
(377 |
) |
||||
Net income (loss) |
|
43 |
|
|
(941 |
) |
|
109 |
|
(1,250 |
) |
||||
EBITDA1 |
|
206 |
|
|
(803 |
) |
|
707 |
|
(659 |
) |
||||
Adjusted EBITDA1 |
|
100 |
|
|
70 |
|
|
416 |
|
383 |
|
||||
|
|
|
|
|
|
|
|
|
|||||||
Diluted income (loss) per common share: |
|
|
|
|
|
|
|
|
|||||||
Income (loss) from continuing operations |
$ |
0.87 |
|
$ |
(8.18 |
) |
$ |
1.38 |
$ |
(15.03 |
) |
||||
(Loss) income from discontinued operations, net of tax |
|
(0.17 |
) |
|
(7.69 |
) |
|
0.43 |
|
(6.49 |
) |
||||
Diluted income (loss) per common share |
$ |
0.70 |
|
$ |
(15.87 |
) |
$ |
1.81 |
$ |
(21.52 |
) |
||||
|
|
|
|
|
|
|
|
|
|||||||
Weighted average number of common shares outstanding (millions) : |
|
|
|
|
|
|
|
|
|||||||
Basic |
|
59.8 |
|
|
59.0 |
|
|
59.6 |
|
58.1 |
|
||||
Diluted |
|
61.2 |
|
|
59.0 |
|
|
60.2 |
|
58.1 |
|
||||
1 This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release. |
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