Arconic Corp (ARNC) [Rocket]

In millions, except per share items	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
Revenues:
External Sales Including Reconciling Items	7,504	5,679	7,277	7,417
Other				25
Total revenues	7,504	5,675	7,277	7,442	6,824
Revenue growth [+]	32.2%	-22.0%	-2.2%	9.1%
External Sales Including Reconciling Items	32.1%	-22.0%	-1.9%
Cost of goods sold	6,573	4,862	6,332	6,527	5,866
Gross profit	931	813	945	915	958
Gross margin	12.4%	14.3%	13.0%	12.3%	14.0%
Selling, general and administrative	247	258	346	288	199
Research and development	34	36	45	63	66
Other operating expenses					428
EBITDA [+]	650	519	554	564	531
EBITDA growth	25.2%	-6.3%	-1.8%	6.2%
EBITDA margin	8.7%	9.1%	7.6%	7.6%	7.8%
Depreciation	236	234	242	254	266
EBITA	414	285	312	310	265
EBITA margin	5.5%	5.0%	4.3%	4.2%	3.9%
Amortization of intangibles	17	17	10	18
EBIT [+]	397	268	302	292	265
EBIT growth	48.1%	-11.3%	3.4%	10.2%
EBIT margin	5.3%	4.7%	4.2%	3.9%	3.9%
Non-recurring items [+]	689	188	87	-104	133
Asset impairment	65
Interest expense, net [+]	99	114	102	116	168
Interest expense	100	118	115	129	168
Interest income	1	4	13	13
Other income (expense), net	-68	-74	2	-17	287
Pre-tax income	-459	-108	115	263	251
Income taxes	-62	1	-62	76	42
Tax rate	13.5%			28.9%	16.7%
Net income	-397	-109	177	187	209
Net margin	-5.3%	-1.9%	2.4%	2.5%	3.1%

Basic EPS [+]	($3.64)	($1.00)	$1.62	$1.72
Growth	264.2%	-161.6%	-5.3%
Diluted EPS [+]	($3.64)	($1.00)	$1.62	$1.72
Growth	264.2%	-161.6%	-5.3%

Shares outstanding (basic)	109	109	109	109
Growth	0.0%	0.0%	0.0%
Shares outstanding (diluted)	109	109	109	109
Growth	0.0%	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.