TBS International plc (TBSI) [Rocket]

In millions, except per share items	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07
	10-K	10-K	10-K	10-K
Revenues	411.8	302.5	611.6	352.9
Revenue growth	36.1%	-50.5%	73.3%
Cost of goods sold	0.0	0.0	0.0	0.0
Gross profit	411.8	302.5	611.6	352.9
Gross margin	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]	49.4	37.3	39.9	38.7
General and administrative	49.4	37.3	39.9	38.7
Other operating expenses	380.6	315.2	362.5	212.6
EBITDA [+]	85.5	45.9	282.8	137.6
EBITDA growth	86.1%	-83.8%	105.4%
EBITDA margin	20.8%	15.2%	46.2%	39.0%
Depreciation and amortization	103.6	95.9	73.5	36.0
EBIT [+]	-18.2	-49.9	209.3	101.6
EBIT growth	-63.6%	-123.9%	105.9%
EBIT margin	-4.4%	-16.5%	34.2%	28.8%
Non-recurring items [+]	201.7
Asset impairment	201.7
Interest expense	27.5	17.1	17.2	10.4
Interest expense	27.5	17.1	17.2	10.4
Other income (expense), net [+]	-0.4	0.0	-0.3	7.0
Gain (loss) on debt retirement	-0.2		-2.3
Other	0.2	0.0	-2.0
Pre-tax income	-247.8	-67.0	191.8	98.2
Income taxes	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%
Minority interest	2.5
Net income	-247.8	-67.0	191.8	98.2
Net margin	-60.2%	-22.2%	31.4%	27.8%

Basic EPS	($0.01)
Diluted EPS	($0.01)

Shares outstanding (basic)	29,973.4
Shares outstanding (diluted)	29,973.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.