Ovintiv Inc. (OVV) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States	9,560	6,508	4,414	4,985	3,782	2,582
USA Operations	6,680	4,883	3,198	4,321	2,512	1,878
Oil	4,527	3,364	2,042	3,376	2,100	1,367
Canadian Operations	3,476	2,542	1,556	1,865	1,821	1,191
Total revenues	12,464	8,658	6,087	6,726	5,939	4,443
Revenue growth [+]	44.0%	42.2%	-9.5%	13.3%	33.7%
United States	46.9%	47.4%	-11.5%	31.8%	46.5%
USA Operations	36.8%	52.7%	-26.0%	72.0%	33.8%
Oil	34.6%	64.7%	-39.5%	60.8%	53.6%
Canadian Operations	36.7%	63.4%	-16.6%	2.4%	52.9%
Canada	35.1%	28.5%	-1.8%	-21.0%	15.9%
Cost of goods sold	802	625	605	732	454	506
Gross profit	11,662	8,033	5,482	5,994	5,485	3,937
Gross margin	93.6%	92.8%	90.1%	89.1%	92.4%	88.6%
Selling, general and administrative [+]	837	735	568	743	304	366
General and administrative [+]	837	735	568	743	304	366
General and administrative expenses	422	442	395	489	157	254
Operating taxes	415	293	173	254	147	112
Other operating expenses	5,859	4,589	2,897	2,638	2,215	1,670
EBITDA [+]	4,966	2,709	2,017	2,613	2,966	1,901
EBITDA growth	83.3%	34.3%	-22.8%	-11.9%	56.0%
EBITDA margin	39.8%	31.3%	33.1%	38.8%	49.9%	42.8%
Depreciation and amortization	1,113	1,190	1,834	2,015	1,272	833
EBIT [+]	3,853	1,519	183	598	1,694	1,068
EBIT growth	153.7%	730.1%	-69.4%	-64.7%	58.6%
EBIT margin	30.9%	17.5%	3.0%	8.9%	28.5%	24.0%
Non-recurring items [+]			5,580
Asset impairment			5,580
Interest expense	311	340	371	382	351	363
Interest expense	311	340	371	382	351	363
Other income (expense), net [+]	18	60	38	99	-180	725
Gain (loss) on sale of assets				-3	-5	-404
Gain (loss) on foreign currency transactions	15	-23	17	-119	168	-279
Other	33	37	55	-23	-17	42
Pre-tax income	3,560	1,239	-5,730	315	1,163	1,430
Income taxes	-77	-177	367	81	94	603
Tax rate				25.7%	8.1%	42.2%
Net income	3,637	1,416	-6,097	234	1,069	827
Net margin	29.2%	16.4%	-100.2%	3.5%	18.0%	18.6%

Basic EPS [+]	$14.34	$5.44	($23.47)	$0.90	$5.57	$4.25
Growth	163.7%	-123.2%	-2719.6%	-83.9%	31.0%
Diluted EPS [+]	$14.08	$5.32	($23.47)	$0.90	$5.57	$4.25
Growth	164.8%	-122.6%	-2719.6%	-83.9%	31.0%

Dividends per share [+]	$0.95	$0.47	$0.38	$0.38	$0.30	$0.30
Growth	103.2%	24.7%	0.0%	25.0%	0.0%

Shares outstanding (basic) [+]	254	260	260	261	192	195
Growth	-2.6%	0.2%	-0.5%	36.0%	-1.3%
Shares outstanding (diluted) [+]	258	266	260	261	192	195
Growth	-3.0%	2.5%	-0.5%	36.0%	-1.3%

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