v3.22.4
Non-Operating Income and Expenses
12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
Non-Operating Income and Expenses

  Note 20. Non-Operating Income and Expenses

 

Non-operating income and expenses, net on our consolidated statement of operations amounted to an income of $4.2 million, $0.6 million, and $0.1 million, for the years ended December 31, 2022, 2021, and 2020, respectively. These amounts are primarily comprised of income from rental properties and gains on sale of scrap materials as well as non-operating expenses related to certain charitable contributions outside of the company’s direct sphere of influence.

 

During the year ended December 31, 2021, the Company also recorded a loss in debt extinguishment of $10.7 million, mainly comprised of a one-time $8.6 million call premium paid on the $210 million senior notes redemption, along with a non-cash amortization of deferred cost of financing related to said notes.

 

During the year ended December 31, 2022, the Company recorded a non-operating gain of $2.0 million associated with foreign currency transactions losses. Comparatively, the Company recorded a net loss of $4.3 million during the year ended December 31, 2021, within the statement of operations as the Colombian peso depreciated 20.8% during the period. The company recorded net loss of $8.6 million during the year ended December 31, 2020, within the statement of operations.