Reynolds Consumer Products Inc. (REYN) [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	Dec-31-16
	10-K	10-K	10-K	10-K	10-K	10-K	S-1/A
Revenues:
Net Revenues	3,818	3,565	3,263
Tableware products	1,000	815	763
Major Customers	1,832	1,565	1,403	1,304
Other				1,728
Total revenues	3,817	3,556	3,263	3,032	3,142	2,957	2,935
Revenue growth [+]	7.3%	9.0%	7.6%	-3.5%	6.3%	0.7%
Net Revenues	7.1%	9.3%
Tableware products	22.7%	6.8%
Major Customers	17.1%	11.5%	7.6%
Waste and storage products	7.0%	7.2%	10.7%	-0.5%	5.9%	-0.9%
Cost of goods sold	3,041	2,745	2,290	2,152	2,310	2,095	2,048
Gross profit	776	811	973	880	832	862	887
Gross margin	20.3%	22.8%	29.8%	29.0%	26.5%	29.2%	30.2%
Selling, general and administrative	340	320	358	305	288	294	325
Other operating expenses	-658	-627	-687	-545	-545	28	28
EBITDA [+]	1,211	1,227	1,401	1,211	1,176	630
EBITDA growth	-1.3%	-12.4%	15.7%	3.0%	86.7%	18.0%
EBITDA margin	31.7%	34.5%	42.9%	39.9%	37.4%	21.3%	18.2%
Depreciation and amortization	117	109	99	91	87	90
EBIT [+]	1,094	1,118	1,302	1,120	1,089	540	534
EBIT growth	-2.1%	-14.1%	16.3%	2.8%	101.7%	1.1%
EBIT margin	28.7%	31.4%	39.9%	36.9%	34.7%	18.3%	18.2%
Interest expense						322	391
Interest expense						322	391
Other income (expense), net	-756	-688	-786	-819	-856		-10
Pre-tax income	338	430	516	301	233	218	133
Income taxes	-80	-106	-153	-76	-57	-84	54
Tax rate							40.6%
Net income	258	324	363	225	176	302	79
Net margin	6.8%	9.1%	11.1%	7.4%	5.6%	10.2%	2.7%

Basic EPS [+]	$1.97	$2.28	$2.87	$3.28	$3.30	$1.94
Growth	-13.4%	-20.5%	-12.6%	-0.6%	69.8%
Diluted EPS [+]	$1.97	$2.28	$2.87	$3.28	$3.30	$1.94
Growth	-13.4%	-20.5%	-12.6%	-0.6%	69.8%

Dividends per share [+]	$0.92	$0.92	$0.59
Growth	0.0%	55.9%

Shares outstanding (basic) [+]	210	210	205	156	156	155
Growth	0.0%	2.6%	31.5%	0.0%	0.0%
Shares outstanding (diluted) [+]	210	210	205	156	156	155
Growth	0.0%	2.6%	31.5%	0.0%	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.