NorthStar Asset Management Group Inc. (NSAM) [Rocket]

In millions, except per share items	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	10-K	10-K	10-K	10-K
Revenues [+]	435.8	259.1	89.9	50.8
Net interest income	0.8
Other income	0.9	0.8	0.7	0.3
Revenue growth	68.2%	188.1%	77.2%
Cost of goods sold [+]	130.6	130.4	59.1	38.8
Sales commissions and fees	117.4	104.4	57.3	38.5
Other cost of sales	3.5	1.5	0.1
Other direct costs	3.5	1.5	0.1	0.3
Gross profit	305.2	128.7	30.9	12.0
Gross margin	70.0%	49.7%	34.3%	23.6%
Selling, general and administrative [+]	192.6	124.3	39.2	34.1
Sales and marketing	33.4	17.7	6.4	4.8
General and administrative	159.2	106.6	32.9	29.3
Other selling, general and administrative	33.4	17.7	6.4	4.8
Equity in earnings	-1.6	-1.0
Other operating expenses	-32.4	-17.3	-6.4	88.3
EBITDA [+]	145.3	21.8	-1.9	-110.4
EBITDA growth	567.3%	-1233.2%	-98.3%
EBITDA margin	33.3%	8.4%	-2.1%	-217.5%
Depreciation and amortization	1.9	1.0	0.1	0.1
EBIT [+]	143.4	20.7	-2.0	-110.5
EBIT growth	592.0%	-1138.7%	-98.2%
EBIT margin	32.9%	8.0%	-2.2%	-217.6%
Interest expense	0.8
Interest expense	0.8
Other income (expense), net				93.1
Pre-tax income	142.6	20.7	-2.0	-17.3
Income taxes	21.9	1.6	0.0	0.0
Tax rate	15.3%	7.8%	0.0%	0.0%
Minority interest	1.0
Net income	119.8	19.1	-2.0	-17.3
Net margin	27.5%	7.4%	-2.2%	-34.1%

Basic EPS [+]	$0.63	$0.10	($0.01)	($0.09)
Growth	524.4%	-1057.2%	-88.5%
Diluted EPS [+]	$0.62	$0.10	($0.01)	($0.09)
Growth	518.5%	-1044.2%	-88.5%

Dividends per share [+]	$0.41	$0.10
Growth	307.2%

Shares outstanding (basic) [+]	188.7	187.9	187.8	187.8
Growth	0.5%	0.0%	0.0%
Shares outstanding (diluted) [+]	193.1	190.4	187.8	187.8
Growth	1.4%	1.4%	0.0%

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