Clearwater Paper Corp (CLW) [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
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Consumer Products		835.0	1,018.5	902.5	884.8	941.9	988.4	959.9
Pulp and Paperboard		946.0	877.1	885.4	839.4	788.5	746.4	792.5
Paperboard		894.9	828.0	846.3	835.5	788.5
Total revenues	2,080.1	1,772.6	1,868.6	1,761.5	1,724.2	1,730.4	1,734.8	1,752.4
Revenue growth [+]	17.3%	-5.1%	6.1%	2.2%	-0.4%	-0.3%	-1.0%	-10.9%
Consumer Products		-18.0%	12.9%	2.0%	-6.1%	-4.7%	3.0%	-18.9%
Pulp and Paperboard		7.9%	-0.9%	5.5%	6.5%	5.6%	-5.8%	1.1%
Paperboard		8.1%	-2.2%	1.3%	6.0%
Retail tissue member		-18.2%	15.4%	6.4%	-7.4%
Cost of goods sold	1,823.4	1,590.0	1,574.4	1,597.0	1,536.7	1,521.2	1,493.6	1,512.8
Gross profit	256.7	182.6	294.2	164.5	187.5	209.2	241.2	239.6
Gross margin	12.3%	10.3%	15.7%	9.3%	10.9%	12.1%	13.9%	13.7%
Selling, general and administrative [+]	133.0	112.9	122.0	112.8	107.8	121.2	136.7	115.9
Sales and marketing							128.2
General and administrative							8.5
Other selling, general and administrative							128.2
Other operating expenses	9.8	7.7	12.7	6.3	-17.5	16.8	-12.0
EBITDA [+]	217.2	167.0	270.5	161.0	199.1	176.2	207.6	208.4
EBITDA growth	30.1%	-38.3%	68.0%	-19.1%	13.0%	-15.1%	-0.4%	51.0%
EBITDA margin	10.4%	9.4%	14.5%	9.1%	11.5%	10.2%	12.0%	11.9%
Depreciation	103.3	102.1	107.8	115.6	101.9	105.0	91.1	84.7
EBITA	113.9	64.9	162.7	45.4	97.2	71.2	116.5	123.7
EBITA margin	5.5%	3.7%	8.7%	2.6%	5.6%	4.1%	6.7%	7.1%
Amortization of intangibles		2.9	3.2
EBIT [+]	113.9	62.0	159.5	45.4	97.2	71.2	116.5	123.7
EBIT growth	83.7%	-61.1%	251.3%	-53.3%	36.5%	-38.9%	-5.8%	158.3%
EBIT margin	5.5%	3.5%	8.5%	2.6%	5.6%	4.1%	6.7%	7.1%
Non-recurring items [+]		50.0	1.4		195.1		1.8
Asset impairment		50.0	1.4		195.1
Loss (gain) on disposal of assets							1.8
Interest expense, net [+]	34.6	-37.0	-46.5	-46.0	-31.9	31.4	30.7	31.2
Interest expense	34.6	-36.4	-46.5	-44.9	-30.7	31.4	30.7	31.2
Interest income		0.6		1.1	1.2
Other income (expense), net [+]	-6.2	-77.0	-127.5	-97.0	-77.8	1.1	-3.4
Gain (loss) on debt retirement	-0.5	-1.0	-5.9	-2.7			-3.4
Other non-ooperating expenses		-10.4	-7.6	-5.7	-4.9
Other	5.7	-10.4	-7.6	-5.7	-4.9
Pre-tax income	73.1	-28.0	77.1	-5.6	-143.8	40.9	80.7	92.5
Income taxes	27.0	7.7	-21.1	2.3	-10.3	-56.4	31.1	36.5
Tax rate	36.9%				7.2%		38.6%	39.5%
Net income	0.0	-35.7	98.2	-7.9	-133.5	97.3	49.6	56.0
Net margin	0.0%	-2.0%	5.3%	-0.4%	-7.7%	5.6%	2.9%	3.2%

Basic EPS [+]		($2.13)	$5.93	($0.48)	($8.10)	$5.91	$2.91	$2.98
Growth		-135.9%	-1340.3%	-94.1%	-237.0%	102.8%	-2.3%	-2694.5%
Diluted EPS [+]		($2.13)	$5.87	($0.48)	($8.10)	$5.88	$2.90	$2.97
Growth		-136.3%	-1328.8%	-94.1%	-237.8%	102.9%	-2.6%	-2686.5%

Shares outstanding (basic) [+]		16.8	16.6	16.5	16.5	16.5	17.0	18.8
Growth		1.2%	0.2%	0.3%	0.1%	-3.2%	-9.4%	-6.8%
Shares outstanding (diluted) [+]		16.8	16.7	16.5	16.5	16.6	17.1	18.8
Growth		0.3%	1.2%	0.3%	-0.4%	-3.2%	-9.1%	-6.5%

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