Seaspan CORP (SSW) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	20-F	20-F	20-F	20-F	20-F	20-F	20-F	20-F
Revenues:
Hapag-Lloyd	26.8	69.7	98.8
MOL	123.3	117.9	105.7
CSCL Asia	83.2	123.2	125.9
Other	75.7	68.1	63.5
Other	522.3	499.1	425.1
Total revenues	831.3	877.9	819.0	717.2	677.1	660.8	565.6	407.2
Revenue growth [+]	-5.3%	7.2%	14.2%	5.9%	2.5%	16.8%	38.9%	42.6%
Hapag-Lloyd	-61.6%	-29.5%
MOL	4.6%	11.6%
CSCL Asia	-32.4%	-2.2%
Other	11.1%	7.2%
Yang Ming	16.4%	134.3%
Cost of goods sold	115.5	85.9	40.3	166.1	0.0	0.0	135.7	108.1
Gross profit	715.8	792.0	778.8	551.1	677.1	660.8	429.9	299.1
Gross margin	86.1%	90.2%	95.1%	76.8%	100.0%	100.0%	76.0%	73.5%
Selling, general and administrative [+]	40.1	32.1	27.3	40.0	39.2	27.8	16.8	9.6
General and administrative [+]	40.1	32.1	27.3	40.0	39.2	27.8	16.8	9.6
General and administrative expenses	40.1	32.1	27.3	40.0	39.2	27.8	16.8	9.6
Rent expense				9.5	4.4	3.1
Equity in earnings	5.8	0.2	5.1	0.3	-0.7	-0.3	-1.2
Other operating expenses	186.2	219.4	195.8		150.1	138.7
EBITDA [+]	495.3	540.6	560.7	511.3	487.1	494.1	411.9	289.5
EBITDA growth	-8.4%	-3.6%	9.7%	5.0%	-1.4%	20.0%	42.3%	46.6%
EBITDA margin	59.6%	61.6%	68.5%	71.3%	71.9%	74.8%	72.8%	71.1%
Depreciation and amortization	199.9	216.1	204.9	181.5	172.5	165.5	140.4	101.0
EBIT [+]	295.4	324.5	355.9	329.8	314.7	328.6	271.6	188.5
EBIT growth	-9.0%	-8.8%	7.9%	4.8%	-4.2%	21.0%	44.1%	47.9%
EBIT margin	35.5%	37.0%	43.5%	46.0%	46.5%	49.7%	48.0%	46.3%
Non-recurring items [+]	-13.6	317.1				-9.8	16.2
Asset impairment		285.2
Loss (gain) on sale of assets	-13.6	31.9				-9.8	16.2
Interest expense, net [+]	111.8	111.4	97.7	87.8	58.5	70.8	50.0	28.8
Interest expense	116.4	119.9	108.7	98.5	60.5	72.0	50.8	28.8
Interest income	4.6	8.5	11.0	10.7	2.0	1.2	0.9
Other income (expense), net [+]	-21.9	-35.1	-58.8	-110.7	42.8	-146.2	-288.7	-247.4
Gain (loss) on derivative instruments	12.6	29.1	54.6	105.7	-60.5	136.0	281.0	241.0
Other	-7.1	-1.3	4.6	-1.8	-1.5	0.2	339.9	276.2
Pre-tax income	175.2	-139.0	199.4	131.2	299.0	121.3	-83.4	-87.7
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	175.2	-139.0	199.4	131.2	299.0	121.3	-83.4	-87.7
Net margin	21.1%	-15.8%	24.3%	18.3%	44.2%	18.4%	-14.7%	-21.5%

Basic EPS [+]	$1.49	($1.35)	$2.01	$1.41	$4.58	$1.93	($1.20)	($1.29)
Growth	-210.3%	-167.3%	43.0%	-69.3%	137.6%	-260.0%	-6.4%	-173.7%
Diluted EPS [+]	$1.49	($1.35)	$2.01	$1.40	$3.40	$1.87	($1.20)	($1.29)
Growth	-210.2%	-167.3%	43.3%	-58.8%	82.3%	-255.0%	-6.4%	-181.7%

Dividends per share [+]	$0.53	$1.44	$1.07	$0.67	$0.68	$0.82	$0.50	$0.34
Growth	-63.6%	35.6%	59.7%	-1.9%	-17.4%	65.7%	47.5%	-43.8%

Shares outstanding (basic) [+]	117.5	102.9	99.2	93.4	65.3	62.9	69.2	68.2
Growth	14.2%	3.7%	6.2%	43.1%	3.7%	-9.1%	1.5%	-8.9%
Shares outstanding (diluted) [+]	117.6	102.9	99.3	93.7	87.8	64.9	69.2	68.2
Growth	14.3%	3.6%	6.0%	6.6%	35.2%	-6.2%	1.5%	-17.8%

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