STRATEGIC HOTELS & RESORTS, INC (BEE) [Rocket]

In millions, except per share items	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues [+]	1,089.1	863.8	737.0	730.0	686.3	655.3	841.3	931.9
Food & beverage	385.6	287.6	257.3	257.9	238.8	217.0
Room / occupancy	583.0	479.7	401.3	392.1	362.6	343.9
Lease / rental	5.4	5.2	4.8	5.4	5.0	4.9
Other hotel	115.1	91.4	73.6	74.7	80.0	89.5
Revenue growth	26.1%	17.2%	0.9%	6.4%	4.7%	-22.1%	-9.7%	36.9%
Cost of goods sold [+]	716.4	574.0	499.4	492.6	475.8	454.6	496.0	530.3
Food and beverage costs	278.0	221.4	190.1	185.6	171.3	160.3
Occupancy costs	168.3	138.9	116.1	111.1	105.1	100.6
Other direct hotel costs	270.2	213.7	193.2	196.0	199.3	193.7
Gross profit	372.6	289.8	237.6	237.4	210.5	200.7	345.3	401.6
Gross margin	34.2%	33.5%	32.2%	32.5%	30.7%	30.6%	41.0%	43.1%
Selling, general and administrative [+]	26.9	25.2	31.1	39.5	34.7	23.9	24.8	29.8
General and administrative [+]	26.9	25.2	31.1	39.5	34.7	23.9	24.8	29.8
General and administrative expenses	26.9	25.2	31.1	39.5	34.7	23.9	24.8	29.8
Rent expense	4.9	4.8	4.6	4.9	4.6	4.8
Equity in earnings	5.2	3.0	-13.5	-9.2	13.0	1.7	2.8	8.3
Other operating expenses	108.3	88.3	76.1	77.6	76.3	80.5	134.2	148.1
EBITDA [+]	244.0	188.6	129.7	116.4	118.6	111.3	203.3	238.7
EBITDA growth	29.4%	45.4%	11.4%	-1.8%	6.6%	-45.3%	-14.9%	50.6%
EBITDA margin	22.4%	21.8%	17.6%	15.9%	17.3%	17.0%	24.2%	25.6%
Depreciation	116.3	104.4	101.8	109.6	134.4	142.9	123.6	106.1
EBITA	127.7	84.3	28.0	6.8	-15.8	-31.7	79.6	132.6
EBITA margin	11.7%	9.8%	3.8%	0.9%	-2.3%	-4.8%	9.5%	14.2%
Amortization of intangibles	4.7	1.7	1.7	2.4	2.2	1.3
EBIT [+]	123.0	82.6	26.3	4.3	-18.0	-33.0	79.6	132.6
EBIT growth	48.9%	214.5%	504.6%	-124.1%	-45.5%	-141.4%	-40.0%	64.1%
EBIT margin	11.3%	9.6%	3.6%	0.6%	-2.6%	-5.0%	9.5%	14.2%
Non-recurring items [+]		0.7	18.4		141.9	99.7	277.9	7.4
Asset impairment		0.7	18.4		141.9	99.7	277.9	7.4
Interest expense, net [+]	81.9	77.1	70.1	86.3	85.9	93.3	78.9	87.4
Interest expense	82.1	77.2	70.3	86.4	86.3	93.9	80.0	90.0
Interest income	0.3	0.1	0.2	0.2	0.4	0.6	1.1	2.6
Other income (expense), net [+]	141.7	-0.3	0.6	-23.9	-18.2	-1.9	-17.7	59.8
Gain (loss) on debt retirement	-2.6			-1.2	-0.9	-0.9		-7.8
Gain (loss) on foreign currency transactions	-0.1	0.0	-1.2	0.8	-1.4	-0.9	-1.5	-3.5
Extraordinary gain	143.5
Other	1.0	-0.3	1.8	5.8	2.4	-0.1	0.7	0.2
Pre-tax income	182.9	4.5	-61.7	-105.8	-263.9	-228.0	-294.9	97.7
Income taxes	1.2	0.2	0.0	0.7	1.4	3.3	-6.5	-7.2
Tax rate	0.7%	3.5%					2.2%
Minority interest	4.7	1.1	2.8	-0.4	-1.9	-0.6
Earnings from continuing ops	161.0	-18.8	-82.9	-125.3	-296.4	-259.7	-288.4	104.9
Earnings from discontinued ops	159.4	5.6	3.4	101.6	34.5	-15.1	-29.1	-36.1
Net income	320.4	-13.2	-79.5	-23.7	-261.9	-274.8	-317.5	68.8
Net margin	29.4%	-1.5%	-10.8%	-3.2%	-38.2%	-41.9%	-37.7%	7.4%

Basic EPS [+]	$0.69	($0.09)	($0.41)	($0.71)	($2.41)	($3.45)	($288,376.00)	$1,402.64
Growth	-858.2%	-77.9%	-41.9%	-70.6%	-30.1%	-100.0%	-20659.4%	100104.0%
Diluted EPS [+]	$0.66	($0.09)	($0.41)	($0.71)	($2.41)	($3.45)	($3.84)	$1,398.92
Growth	-826.9%	-77.9%	-41.9%	-70.6%	-30.1%	-10.2%	-100.3%	100252.3%

Shares outstanding (basic) [+]	233.5	206.3	201.1	176.6	122.9	75.3	0.0	0.1
Growth	13.2%	2.6%	13.9%	43.6%	63.3%	7526600.0%	-98.7%	9.5%
Shares outstanding (diluted) [+]	243.6	206.3	201.1	176.6	122.9	75.3	75.0	0.1
Growth	18.0%	2.6%	13.9%	43.6%	63.3%	0.3%	99940.0%	9.4%

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