Pioneer PE Holding LLC (PE) [Rocket]

In millions, except per share items	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Natural gas sales	36.8				26.6	30.6	23.2
Oil sales	1,757.3				215.8	232.6	97.8
Other	164.7				24.1	39.2
Total revenues [+]	1,958.8	1,826.4	967.0	457.8	266.5	302.4	121.0	37.7
Natural gas midstream					23.7	38.6
Oil & gas	36.8				242.4	263.2	121.0
Other					0.4	0.7
Revenue growth [+]	7.2%	88.9%	111.2%	71.8%	-11.9%	149.9%	221.2%	247.8%
Natural gas sales					-13.2%	32.2%
Oil sales					-7.2%	137.7%
Cost of goods sold [+]	1,254.5	272.5	172.4	96.8	82.4	38.1	16.6	4.6
Lease costs					62.9
Direct taxes		108.3	59.6	27.9	17.8
Oil & gas services costs		144.3	102.2	59.3
Other direct costs		19.9	10.6	9.6	1.7
Gross profit	704.3	1,553.9	794.6	360.9	184.1	264.4	104.4	33.0
Gross margin	36.0%	85.1%	82.2%	78.8%	69.1%	87.4%	86.3%	87.7%
Selling, general and administrative [+]	152.7	151.0	124.3	84.6	55.3	87.9	16.6	3.6
General and administrative	152.7	151.0	124.3	84.6	55.3	87.9	16.6
Equity in earnings								-0.3
Other operating expenses [+]	8.8	190.1	54.6	10.5	23.7	23.4	7.3	-5.3
Exploration expenses		162.5	39.3	9.6	13.9	3.1
EBITDA [+]	1,337.5	1,212.9	615.7	265.9	105.1	153.1	80.6	34.5
EBITDA growth	10.3%	97.0%	131.6%	152.9%	-31.3%	89.8%	133.9%	148.2%
EBITDA margin	68.3%	66.4%	63.7%	58.1%	39.4%	50.6%	66.6%	91.5%
Depreciation and amortization	794.7	584.9	352.2	233.8	178.3	94.3	28.2	6.4
EBIT [+]	542.8	628.0	263.4	32.1	-73.2	58.8	52.5	28.1
EBIT growth	-13.6%	138.4%	720.5%	-143.9%	-224.5%	12.0%	86.9%	122.0%
EBIT margin	27.7%	34.4%	27.2%	7.0%	-27.5%	19.4%	43.4%	74.5%
Non-recurring items [+]	5.5	0.2	11.0	1.1	1.0	2.5
Asset impairment					1.0
Loss (gain) on sale of assets	-2.1
Interest expense, net [+]	133.6	-5.5	-7.9	-1.0	0.0	39.6	13.7	6.2
Interest expense	133.6					39.6	13.7	6.3
Interest income		5.5	7.9	1.0	0.0			0.1
Other income (expense), net [+]	-131.8	-81.9	-130.8	-138.4	-22.7	76.6	-9.3	-8.4
Gain (loss) on sale of assets		-6.5	14.3	0.1	-34.4	-2.1	0.0
Gain (loss) on debt retirement			-3.9	-36.3	9.0	0.8
Gain (loss) on derivative instruments		50.3	-66.1	-50.8	60.8	83.9	-9.8	-2.2
Other	-1.4	-0.3	0.8	-2.3	-3.6	-0.1	0.4	-0.1
Pre-tax income	271.9	551.4	129.6	-106.3	-96.8	93.2	29.4	13.5
Income taxes	61.4	105.5	5.7	-17.4	-23.8	36.5	1.9	0.6
Tax rate	22.6%	19.1%	4.4%	16.4%	24.5%	39.1%	6.5%	4.1%
Minority interest	-35.2	76.8	17.1	-14.7	-22.5	33.3
Net income	175.2	369.1	106.8	-74.2	-50.5	61.4	27.5	12.9
Net margin	8.9%	20.2%	11.0%	-16.2%	-18.9%	20.3%	22.7%	34.2%

Basic EPS [+]	$0.63	$1.36	$0.44	($0.46)	($0.45)	$0.66
Growth	-53.8%	205.7%	-196.7%	1.1%	-168.9%
Diluted EPS [+]	$0.63	$1.35	$0.36	($0.46)	($0.45)	$0.66
Growth	-53.8%	275.6%	-178.5%	1.1%	-169.0%

Dividends per share [+]	$0.07	$0.01
Growth	839.2%

Shares outstanding (basic) [+]	279.6	272.2	240.7	161.8	111.3	93.2
Growth	2.7%	13.1%	48.8%	45.4%	19.4%
Shares outstanding (diluted) [+]	280.2	272.9	296.5	161.8	111.3	93.3
Growth	2.7%	-8.0%	83.3%	45.4%	19.3%

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