FIRST CITIZENS BANCORPORATION INC (FCBN) [Rocket]

In millions, except per share items	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01	Dec-31-00
	10-K	10-K	10-K	10-K	10-K
Revenues	457.9	455.3	466.1	514.2	458.7
Revenue growth	0.6%	-2.3%	-9.4%	12.1%
Cost of goods sold	73.3	70.2	64.2	54.8	46.6
Gross profit	384.6	385.2	401.8	459.4	412.1
Gross margin	84.0%	84.6%	86.2%	89.3%	89.8%
Selling, general and administrative	21.1	19.5	17.7	18.2	13.2
Other operating expenses	280.2	282.5	301.7	369.8	339.0
EBITDA [+]	106.4	103.6	101.5	89.4	74.5
EBITDA growth	2.8%	2.1%	13.5%	20.0%
EBITDA margin	23.2%	22.7%	21.8%	17.4%	16.2%
Depreciation	14.2	12.0	10.9	8.1	7.9
EBITA	92.3	91.6	90.6	81.2	66.6
EBITA margin	20.2%	20.1%	19.4%	15.8%	14.5%
Amortization of intangibles	9.0	8.3	8.2	9.9	6.6
EBIT [+]	83.3	83.2	82.4	71.4	60.0
EBIT growth	0.0%	1.0%	15.4%	19.1%
EBIT margin	18.2%	18.3%	17.7%	13.9%	13.1%
Interest expense	7.2	5.4	4.2	4.2	4.2
Interest expense	7.2	5.4	4.2	4.2	4.2
Other income (expense), net	-17.4	-16.2	-18.5	-17.2	-13.7
Pre-tax income	58.7	61.6	59.7	50.0	42.0
Income taxes	21.9	21.7	20.7	16.1	14.5
Tax rate	37.4%	35.3%	34.6%	32.3%	34.4%
Net income	36.7	39.9	39.0	33.9	27.6
Net margin	8.0%	8.8%	8.4%	6.6%	6.0%

Basic EPS [+]	$40.71	$43.94	$42.56	$36.29	$29.44
Growth	-7.3%	3.2%	17.3%	23.3%
Diluted EPS [+]	$40.71	$43.94	$42.56	$36.29	$29.44
Growth	-7.3%	3.2%	17.3%	23.3%

Shares outstanding (basic) [+]	0.9	0.9	0.9	0.9	0.9
Growth	-0.7%	-1.1%	-1.7%	-0.4%
Shares outstanding (diluted) [+]	0.9	0.9	0.9	0.9	0.9
Growth	-0.7%	-1.1%	-1.7%	-0.4%

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