Groupon, Inc. (GRPN) [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	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
North America	436.3	607.1	818.6	1,358.9	1,639.4	1,914.2		2,047.7
International	162.8	360.1	598.2	860.0	997.4	929.7		907.1
United Kingdom		120.8	216.3	314.3	390.4	343.9	321.9	336.2
Other							2,691.7
Total revenues [+]	599.1	967.1	1,416.9	2,218.9	2,636.7	2,843.9	3,013.6	2,954.8
Products								1,704.7
Services								1,250.1
Revenue growth [+]	-38.1%	-31.7%	-36.1%	-15.8%	-7.3%	-5.6%	2.0%	-2.9%
North America	-28.1%	-25.8%	-39.8%	-17.1%	-14.4%			12.2%
International	-54.8%	-39.8%	-30.4%	-13.8%	7.3%
United Kingdom		-44.2%	-31.2%	-19.5%	13.5%	6.8%	-4.3%
Cost of goods sold [+]	76.3	230.0	739.6	1,032.8	1,316.1	1,510.0	1,733.0	1,667.0
Cost of product sales								1,508.9
Cost of services								158.1
Gross profit	522.8	737.1	677.3	1,186.1	1,320.6	1,333.9	1,280.7	1,287.8
Gross margin	87.3%	76.2%	47.8%	53.5%	50.1%	46.9%	42.5%	43.6%
Selling, general and administrative [+]	630.6	699.9	757.7	1,146.3	1,266.7	1,302.7	1,351.9	1,341.9
Sales and marketing	149.2	188.8	154.5	339.4	395.7	400.9	352.2	241.3
Other selling, general and administrative	481.4	511.1	603.2	806.9	871.0	901.8	999.7	1,100.5
Equity in earnings
Other operating expenses	-12.3		-22.4		-0.1	0.0	-22.8	1.9
EBITDA [+]	-41.4	101.2	19.7	131.2	155.3	146.0	68.6	55.2
EBITDA growth	-140.9%	413.1%	-85.0%	-15.5%	6.4%	112.9%	24.3%	-55.8%
EBITDA margin	-6.9%	10.5%	1.4%	5.9%	5.9%	5.1%	2.3%	1.9%
Depreciation	45.7	55.0	68.1	77.1	86.8	91.8	98.0	92.8
EBITA	-87.0	46.1	-48.3	54.2	68.5	54.2	-29.5	-37.6
EBITA margin	-14.5%	4.8%	-3.4%	2.4%	2.6%	1.9%	-1.0%	-1.3%
Amortization of intangibles	8.5	8.9	9.7	14.4	14.5	23.0	18.9	18.3
EBIT [+]	-95.5	37.2	-58.1	39.8	54.0	31.2	-48.4	-55.9
EBIT growth	-356.5%	-164.1%	-245.8%	-26.2%	73.2%	-164.4%	-13.4%	-282.1%
EBIT margin	-15.9%	3.9%	-4.1%	1.8%	2.0%	1.1%	-1.6%	-1.9%
Non-recurring items [+]	72.3	41.9	219.0	0.0	-0.1	1.7	51.8	14.8
Loss (gain) on sale of assets						-17.1
Loss (gain) on sale of business							11.4	-13.7
Interest expense, net [+]	-9.5	-5.1	-6.4	-7.7	-6.4	-3.3	-1.8	-0.9
Interest expense	14.4	17.2	33.2	23.6	21.9	18.9	13.5	2.8
Interest income	9.5	5.1	6.4	7.7	6.4	3.3	1.8	0.9
Other income (expense), net	-19.3	104.8	9.9	-37.5	-37.5	22.3	-59.6	-23.7
Pre-tax income	-192.0	88.0	-294.1	-13.5	1.0	36.1	-171.5	-96.3
Income taxes	42.4	-32.3	-7.5	0.8	-1.0	7.5	-5.3	-23.0
Tax rate			2.6%			20.9%	3.1%	23.9%
Minority interest							11.3	13.0
Earnings from continuing ops	-234.4	120.3	-573.1	-28.6	2.0	57.2	-177.5	-52.6
Earnings from discontinued ops			0.4	2.6		-2.0	-17.1
Net income	-234.4	120.3	-572.7	-26.0	2.0	55.2	-194.6	-52.6
Net margin	-39.1%	12.4%	-40.4%	-1.2%	0.1%	1.9%	-6.5%	-1.8%

Basic EPS [+]	($7.77)	$4.10	($20.04)	($1.01)	$0.07	$0.10	($0.31)	($0.08)
Growth	-289.6%	-120.5%	1888.7%	-1535.6%	-31.4%	-133.2%	280.7%	-25.3%
Diluted EPS [+]	($7.77)	$3.59	($20.04)	($1.01)	$0.07	$0.10	($0.31)	($0.08)
Growth	-316.4%	-117.9%	1888.7%	-1535.6%	-30.3%	-132.7%	280.7%	-25.3%

Dividends per share [+]							$0.00
Growth						-100.0%

Shares outstanding (basic) [+]	30.2	29.4	28.6	28.4	28.3	559.4	576.4	650.1
Growth	2.7%	2.7%	0.8%	0.2%	-94.9%	-2.9%	-11.3%	-3.7%
Shares outstanding (diluted) [+]	30.2	33.5	28.6	28.4	28.3	568.4	576.4	650.1
Growth	-10.0%	17.2%	0.8%	0.2%	-95.0%	-1.4%	-11.3%	-3.7%

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