SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORP (SMI) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	20-F	20-F	20-F	S-1/A	20-F	20-F	20-F	20-F
Revenues:
Europe								35.3
United States				776.2				726.0
Japan								0.4
Mainland China								430.8
Other				1,460.2				127.0
Total revenues	0.0	0.0	0.0	2,236.4	1,970.0	2,069.0	1,701.6	1,319.5
Revenue growth [+]			-100.0%	13.5%	-4.8%	21.6%	29.0%	-13.9%
Europe								-10.0%
United States								-14.4%
Japan								-88.8%
Mainland China								-2.8%
Asia Pacific								-33.6%
Cost of goods sold	0.0	0.0	0.0	1,553.8	1,486.5	1,630.5	1,352.8	1,217.5
Gross profit	0.0	0.0	0.0	682.6	483.5	438.4	348.8	101.9
Gross margin				30.5%	24.5%	21.2%	20.5%	7.7%
Selling, general and administrative [+]				255.1	177.7	173.9	138.8	90.0
Sales and marketing				41.9	38.3	35.7	31.5	32.6
General and administrative	0.0	0.0	0.0	213.2	139.4	138.2	107.3	57.4
Research and development				237.2	189.7	145.3	193.6	191.5
Equity in earnings								4.5
Other operating expenses				-31.6	-14.2	-67.9	-19.1	-7.0
EBITDA [+]				695.0				382.3
EBITDA growth			-100.0%	433.6%	-30.4%	426.8%	-90.7%	-42.9%
EBITDA margin				31.1%	6.6%	9.0%	2.1%	29.0%
Depreciation				473.0				518.8
EBITA	0.0	0.0	0.0	222.0	130.2	187.1	35.5	-136.6
EBITA margin				9.9%	6.6%	9.0%	2.1%	-10.4%
Amortization of intangibles								31.4
EBIT [+]	0.0	0.0	0.0	222.0	130.2	187.1	35.5	-168.0
EBIT growth			-100.0%	70.5%	-30.4%	426.8%	-121.1%	-387.5%
EBIT margin				9.9%	6.6%	9.0%	2.1%	-12.7%
Non-recurring items [+]								18.2
Asset impairment								17.7
Loss (gain) on sale of assets								0.5
Interest income, net [+]				5.2	14.2	5.9	5.4	-15.9
Interest expense								20.6
Interest income				5.2	14.2	5.9	5.4	4.7
Other income (expense), net				3.7	-6.4	-14.4	-27.5	19.8
Pre-tax income	0.0	0.0	0.0	230.9	138.1	178.6	13.4	-182.3
Income taxes	0.0	0.0	0.0	8.5	-11.8	-4.1	9.1	-82.5
Tax rate				3.7%			67.7%	45.3%
Minority interest				-62.2	-53.4	2.6	-0.5	0.1
Earnings from continuing ops								-326.5
Earnings from discontinued ops								14.7
Net income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-311.8
Net margin				0.0%	0.0%	0.0%	0.0%	-23.6%

Basic EPS [+]								($0.01)
Growth								-1511.4%
Diluted EPS [+]								($0.01)
Growth								-1578.8%

Shares outstanding (basic) [+]								27,435.9
Growth								13.1%
Shares outstanding (diluted) [+]								27,435.9
Growth								7.9%

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