SemGroup Corp (SEMG) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Mar-31-16	Dec-31-15	Mar-31-15	Dec-31-14	Mar-31-14
	10-K	10-K	10-K	10-K/A	10-K	10-K/A	10-K	10-K/A
Revenues:
SemLogistics							12.7
SemMexico							290.9
Other							1,819.1
Total revenues [+]	2,503.3	2,081.9	1,332.2	11,742.1	1,455.1	16,802.1	2,122.6	9,699.3
Products					1,118.9		1,780.3
Services					259.5		233.2
Other				0.5	76.7	1.9	109.0	437.7
Revenue growth [+]	20.2%	56.3%	-8.4%	-30.1%	-31.4%	73.2%	48.7%	119.6%
SemLogistics							8.4%
SemMexico							19.9%
SemCAMS					-22.9%		-10.9%
Cost of goods sold [+]	2,107.9	1,769.7	1,085.5	10,839.0	1,204.0	15,958.2	1,870.0	9,132.7
Cost of product sales	1,823.1	1,514.9	873.4		979.5		1,623.4
Other cost of sales				0.2		2.6		426.6
Maintenance and operations costs	284.8	254.8	212.1		224.4		246.6
Gross profit	395.4	312.3	246.6	903.1	251.1	843.9	252.6	566.6
Gross margin	15.8%	15.0%	18.5%	7.7%	17.3%	5.0%	11.9%	5.8%
Selling, general and administrative [+]	91.6	113.8	84.2	540.7	97.4	513.6	87.8	335.7
Sales and marketing				401.1		364.1		259.8
General and administrative	91.6	113.8	84.2	139.5	97.4	149.4	87.8	75.9
Equity in earnings	57.7	67.3	73.8	16.1	81.4	12.1	64.2	1.9
Other operating expenses	-61.2	-54.0	-57.7	238.1	-76.3	28.9	-60.6	3.6
EBITDA [+]	365.1	252.5	220.1	140.4	230.0	313.5	225.4	229.2
EBITDA growth	44.6%	14.7%	-4.3%	-55.2%	2.1%	36.8%	22.3%	46.8%
EBITDA margin	14.6%	12.1%	16.5%	1.2%	15.8%	1.9%	10.6%	2.4%
Depreciation and amortization	209.3	158.4	98.8	228.9	100.9	193.9	98.4	120.8
EBIT [+]	155.8	94.1	121.3	-88.5	129.2	119.5	127.0	108.5
EBIT growth	65.7%	-22.5%	-6.1%	-174.0%	1.7%	10.2%	7.7%	24.2%
EBIT margin	6.2%	4.5%	9.1%	-0.8%	8.9%	0.7%	6.0%	1.1%
Interest expense	149.7	103.0	62.7	133.1	69.7	110.1	49.0	58.9
Interest expense	149.7	103.0	62.7	133.1	69.7	110.1	49.0	58.9
Other income (expense), net [+]	-7.1	-10.6	-34.1	34.1	16.9	37.2	20.6	0.1
Gain (loss) on debt retirement		-19.9		28.5
Gain (loss) on foreign currency transactions	9.5	-4.7	4.8		-1.1		-0.1
Other	2.4	4.6	1.3	-5.6	1.3	-37.2	-13.7	-0.1
Pre-tax income	-1.0	-19.5	24.5	-187.5	76.3	46.6	98.6	49.7
Income taxes	23.3	-2.4	11.3	-0.4	33.5	-3.6	46.5	0.9
Tax rate		12.2%	45.9%	0.2%	43.9%		47.2%	1.9%
Minority interest	2.4		11.2	-11.8	12.5	-12.9	22.8	-1.1
Earnings from continuing ops	-50.5	-17.2	2.1	-246.5	73.1	-8.4	81.3	33.5
Earnings from discontinued ops			0.0		0.0		0.0
Net income	-50.5	-17.2	2.1	-246.5	73.1	-8.4	81.3	33.5
Net margin	-2.0%	-0.8%	0.2%	-2.1%	5.0%	0.0%	3.8%	0.3%

Basic EPS [+]	($0.65)	($0.24)	$0.04		$1.67	($0.05)	$1.91	$0.51
Growth	168.7%	-694.5%	-97.6%		-12.3%	-109.8%	67.9%	-46.9%
Diluted EPS [+]	($0.65)	($0.24)	$0.04		$1.66	($0.05)	$1.89	$0.51
Growth	168.7%	-699.0%	-97.6%		-12.1%	-109.8%	68.0%	-46.9%

Shares outstanding (basic) [+]	78.3	71.4	51.9		43.8	167.9	42.7	65.7
Growth	9.7%	37.6%	18.5%		2.6%	155.5%	0.8%	40.1%
Shares outstanding (diluted) [+]	78.3	71.4	52.3		44.0	167.9	43.0	65.7
Growth	9.7%	36.6%	18.9%		2.3%	155.5%	0.8%	40.1%

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