Teladoc Health, Inc. (TDOC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Jun-30-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	8-K
Revenues:
BetterHelp	1,019.6	721.2	345.1
Teladoc Health Integrated Care	1,373.9	1,300.9	744.3
Other	13.3	10.6	180.2
Total revenues	2,406.8	2,032.7	1,094.0	553.3	417.9	233.3	123.2	53.4
Revenue growth [+]	18.4%	85.8%	97.7%	32.4%	79.1%	89.4%	59.2%	53.5%
BetterHelp	41.4%	109.0%
Teladoc Health Integrated Care	5.6%	74.8%
Other	25.5%	-94.1%
Cost of goods sold	744.0	650.3	390.8	184.5	128.7	61.6	32.0	14.8
Gross profit	1,662.9	1,382.4	703.1	368.8	289.2	171.7	91.2	38.5
Gross margin	69.1%	68.0%	64.3%	66.7%	69.2%	73.6%	74.0%	72.2%
Selling, general and administrative [+]	1,300.6	1,105.3	886.9	449.3	261.2	175.4	109.5	50.2
Sales and marketing	850.7	667.3	380.2		144.3	95.6	61.0	27.0
General and administrative	449.9	438.0	506.7		116.9	79.8	48.6	23.2
Research and development	333.6	311.9	164.9		54.4	34.5	21.8	10.1
Other operating expenses	7.4				8.9	18.1	3.2	4.4
EBITDA [+]	21.2	-34.7	-348.7	-41.5	-35.3	-56.3	-43.3	-26.1
EBITDA growth	-161.1%	-90.0%	740.4%	17.7%	-37.4%	30.0%	4.4%	-3.4%
EBITDA margin	0.9%	-1.7%	-31.9%	-7.5%	-8.4%	-24.1%	-35.2%	-48.9%
Depreciation	11.4	8.9	4.8	3.4	4.1	3.8	2.2	3.1
EBITA	9.8	-43.7	-353.5	-44.8	-39.4	-60.1	-45.5	-29.2
EBITA margin	0.4%	-2.1%	-32.3%	-8.1%	-9.4%	-25.8%	-36.9%	-54.7%
Amortization of intangibles	244.6	195.3	64.7	35.6	31.5	15.3	6.1
EBIT [+]	-234.8	-239.0	-418.2	-80.4	-70.9	-75.4	-51.6	-29.2
EBIT growth	-1.8%	-42.9%	419.9%	13.5%	-6.0%	46.1%	11.3%	1.2%
EBIT margin	-9.8%	-11.8%	-38.2%	-14.5%	-17.0%	-32.3%	-41.9%	-54.7%
Non-recurring items [+]	13,418.4	26.6	88.2				11.1
Asset impairment	13,402.8
Restructuring charges	15.6	26.6	88.2				7.0
Legal settlement							4.1
Interest expense	9.3	80.4	60.0		26.1	17.5	2.6	0.8
Interest expense	9.3	80.4	60.0		26.1	17.5	2.6	0.8
Other income (expense), net [+]	-0.9	-38.7	-9.6	-29.0		-14.1	-8.5
Acquisition-related costs					10.4	13.2
Gain (loss) on sale of assets					-5.5
Gain (loss) on debt retirement		-43.7	-9.1
Other	-0.9	5.1	-0.5
Pre-tax income	-13,663.3	-384.7	-576.0	-109.5	-97.0	-107.0	-73.7	-30.0
Income taxes	-3.8	44.1	-90.9	-10.6	0.1	-0.2	0.5	0.2
Tax rate	0.0%		15.8%	9.7%		0.2%
Net income	-13,659.5	-428.8	-485.1	0.0	-97.1	-106.8	-74.2	-30.2
Net margin	-567.5%	-21.1%	-44.3%	0.0%	-23.2%	-45.8%	-60.3%	-56.5%

Basic EPS [+]	($84.60)	($2.73)	($5.36)	$0.00	($1.47)	($1.93)	($1.75)	($0.78)
Growth	2996.4%	-49.0%		-100.0%	-23.5%	9.9%	-39.8%	-94.1%
Diluted EPS [+]	($84.60)	($2.73)	($5.36)	$0.00	($1.47)	($1.93)	($1.75)	($0.78)
Growth	2996.4%	-49.0%		-100.0%	-23.5%	9.9%	-39.8%	-94.1%

Shares outstanding (basic) [+]	161.5	156.9	90.5	71.8	65.8	55.4	42.3	38.7
Growth	2.9%	73.4%	26.0%	9.1%	18.8%	30.9%	112.5%	1605.0%
Shares outstanding (diluted) [+]	161.5	156.9	90.5	71.8	65.8	55.4	42.3	38.7
Growth	2.9%	73.4%	26.0%	9.1%	18.8%	30.9%	112.5%	1605.0%

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