SPIRIT REALTY CAPITAL, INC. (SRC) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	0.0	1.0	3.2	3.4	3.3	3.4
	0.0	1.0	3.2	3.4	3.3	3.4
Net interest income	0.0	1.0	3.2	3.4	3.3	3.4
Equity in earnings
Pre-tax income before non-recurring items	196.1	108.5	210.9	156.0	102.5	100.1	105.2	-9.0
Non-recurring items						70.6	80.5	41.2
Asset impairment	23.8	81.5	24.1	6.7	61.6
Pre-tax income	172.3	27.0	186.8	149.3	40.9	29.5	24.7	-50.2
Income taxes	0.6	0.3	11.5	0.8	0.5	0.9	0.6	0.7
Tax rate	0.4%	1.0%	6.2%	0.5%	1.2%	2.9%	2.4%
Earnings from continuing ops	161.4	16.4	164.9	121.7	74.6	97.4	92.6	-50.9
Earnings from discontinued ops				0.0	0.0		0.6	0.3
Net income	161.4	16.4	164.9	121.7	74.6	97.4	93.2	-36.9
Net margin	26.5%	3.4%	31.9%	27.3%	17.3%	22.4%	14.0%	-6.1%

Basic EPS	$1.36	$0.16	$1.82	$1.41	$0.80	$1.04	$0.21	($0.13)
Diluted EPS	$1.36	$0.16	$1.81	$1.41	$0.80	$1.04	$0.21	($0.13)

Shares outstanding (basic)	118.3	104.4	90.6	86.3	93.6	93.8	432.2	386.8
Shares outstanding (diluted)	118.7	104.5	90.9	86.5	93.6	93.8	432.5	386.8

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