BELLRING BRANDS, INC. (BRBR) [Rocket]

In millions, except per share items	Sep-30-22	Sep-30-21	Sep-30-20	Sep-30-19	Sep-30-18	Sep-30-17	Sep-30-16
	10-K	10-K	10-K	10-K	10-K	10-K	S-1/A
Revenues	1,371.5	1,247.1	988.3	854.4	827.5	713.2	574.7
Revenue growth	10.0%	26.2%	15.7%	3.3%	16.0%	24.1%
Cost of goods sold	949.7	860.9	650.3	542.6	549.8	467.4	395.5
Gross profit	421.8	386.2	338.0	311.8	277.7	245.8	179.2
Gross margin	30.8%	31.0%	34.2%	36.5%	33.6%	34.5%	31.2%
Selling, general and administrative	189.7	167.1	151.8	127.1	135.1	131.0	119.8
Other operating expenses		-0.1				0.1	4.9
EBITDA [+]	233.7	221.7	189.3	187.8	145.7	114.7	54.5
EBITDA growth	5.4%	17.1%	0.8%	28.9%	27.0%	110.5%
EBITDA margin	17.0%	17.8%	19.2%	22.0%	17.6%	16.1%	9.5%
Depreciation and amortization	1.6	2.5	3.1	3.1	3.1
EBITA	232.1	219.2	186.2	184.7	142.6	114.7	54.5
EBITA margin	16.9%	17.6%	18.8%	21.6%	17.2%	16.1%	9.5%
Amortization of intangibles	19.7	51.2	22.2	22.2	22.8	22.8	22.8
EBIT [+]	212.4	168.0	164.0	162.5	119.8	91.9	31.7
EBIT growth	26.4%	2.4%	0.9%	35.6%	30.4%	189.9%
EBIT margin	15.5%	13.5%	16.6%	19.0%	14.5%	12.9%	5.5%
Non-recurring items [+]						26.5
Asset impairment						26.5
Interest expense	49.2	43.2	54.7
Interest expense	49.2	43.2	54.7
Other income (expense), net [+]	-17.6	-1.6				0.2
Gain (loss) on debt retirement	-17.6	-1.6
Pre-tax income	145.6	123.2	109.3	162.5	119.8	65.6	31.7
Income taxes	29.6	8.8	9.2	39.4	23.7	30.4	11.8
Tax rate	20.3%	7.1%	8.4%	24.2%	19.8%	46.3%	37.2%
Minority interest	33.7	86.8	76.6	123.1	96.1
Net income	82.3	27.6	23.5	0.0	0.0	35.2	19.9
Net margin	6.0%	2.2%	2.4%	0.0%	0.0%	4.9%	3.5%

Basic EPS [+]	$0.88	$0.70	$0.60
Growth	26.0%	17.1%
Diluted EPS [+]	$0.88	$0.70	$0.59
Growth	26.2%	16.9%

Shares outstanding (basic) [+]	93.5	39.5	39.4
Growth	136.7%	0.3%
Shares outstanding (diluted) [+]	93.8	39.7	39.5
Growth	136.3%	0.5%

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