McAfee Corp. [Rocket]

In millions, except per share items	Dec-25-21	Dec-26-20	Dec-28-19	Dec-29-18
	10-K	10-K	10-K	10-K
Revenues:
Non Us	572	474	432
United Kingdom	173	141	132
Largest Customer	307	203	169
Other	868	740	570
Total revenues	1,920	1,558	1,303	2,409
Revenue growth [+]	23.2%	19.6%	-45.9%
Non Us	20.7%	9.7%
United Kingdom	22.7%	6.8%
Largest Customer	51.7%	19.6%
Cost of goods sold	470	444	389	840
Gross profit	1,450	1,114	914	1,569
Gross margin	75.5%	71.5%	70.1%	65.1%
Selling, general and administrative [+]	375	345	297	1,068
Sales and marketing	375	345	297	815
General and administrative				253
Research and development				406
Other operating expenses	526	563	493
EBITDA [+]	785	697	660	406
EBITDA growth	12.6%	5.6%	62.6%
EBITDA margin	40.9%	44.7%	50.7%	16.9%
Depreciation	66	240	283	59
EBITA	719	457	377	347
EBITA margin	37.4%	29.3%	28.9%	14.4%
Amortization of intangibles	170	251	253	484
EBIT [+]	549	206	124	-137
EBIT growth	166.5%	66.1%	-190.5%
EBIT margin	28.6%	13.2%	9.5%	-5.7%
Non-recurring items				36
Interest expense	212	303	295
Other income (expense), net [+]	-250	-108	20	-277
Gain (loss) on foreign currency transactions				30
Pre-tax income	87	-205	-151	-450
Income taxes	-160	5	38	62
Earnings from continuing ops	23	-55	-47	-512
Earnings from discontinued ops	2,441	-79	-47
Net income	849	-118	-47	-512
Net margin	44.2%	-7.6%	-3.6%	-21.3%

Basic EPS [+]	$0.14	($0.34)
Growth	-139.9%
Diluted EPS [+]	$0.14	($0.34)
Growth	-139.9%


Shares outstanding (basic) [+]	170	162
Growth	4.9%
Shares outstanding (diluted) [+]	170	162
Growth	4.9%

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