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OLAPLEX HOLDINGS, INC.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-KS-1/A
Net sales  704.3598.4282.3148.2
            Net sales growth  17.7%112.0%90.4% 
Cost of sales:      
Cost of product (excluding amortization)  177.2116.696.6 
Amortization of patented formulations  7.58.06.1 
    Total cost of sales  184.7124.5102.7 
    Gross profit  519.6473.8179.6117.0
            Gross margin  73.8%79.2%63.6% 
   
Operating expenses:      
Selling, general, and administrative  113.998.937.256.7
Amortization of other intangible assets  41.340.839.8 
    Total operating expenses  155.2139.793.556.7
    Operating income  364.4334.286.160.3
            Operating margin  51.7%55.8%30.5% 
Interest expense, net  -41.2-61.1-38.6 
   
Other expense, net      
Loss on extinguishment of debt  -18.8   
Other expense, net  -2.3-1.0-0.2 
    Total other expense, net  -18.02.6-0.20.5
    Income before provision for income taxes  305.2275.647.3 
Income tax provision  61.254.88.0 
    Net income  244.1220.839.360.9
   
Net income per share:      
Basic (in usd per share)  $0.38$0.34$0.06$60.88
Diluted (in usd per share)  $0.35$0.32$0.06$60.88
   
Weighted average common shares outstanding:      
Weighted average common shares outstanding: Basic (in shares)  649.1648.2635.41.0
Weighted average common shares outstanding: Diluted (in shares)  691.0689.9636.81.0
   
Other comprehensive income:      
   
    Total other comprehensive income:      
    Comprehensive income:  246.6220.839.360.9

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