N-able, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	8-K	10-K	10-K	10-K	8-K
Revenues:
United Kingdom		38.5	31.6	28.4	26.2
United States, country of domicile		160.8	144.8	125.7	105.8
All other international		147.1	126.4	109.4	96.3
Total revenues	371.8	346.5	302.9	263.5	228.3
Revenue growth [+]	7.3%	14.4%	14.9%	15.4%
United Kingdom		21.7%	11.4%	8.5%
United States, country of domicile		11.1%	15.2%	18.8%
All other international		16.3%	15.6%	13.6%
Cost of goods sold	58.6	65.9	87.0	80.5	57.3
Gross profit	313.2	280.5	215.9	183.0	170.9
Gross margin	84.2%	81.0%	71.3%	69.4%	74.9%
Selling, general and administrative [+]	196.4	193.3	139.4	109.2	95.6
Sales and marketing	125.3	112.7	82.0	70.3	62.3
General and administrative	71.1	80.6	57.3	39.0	33.3
Research and development	63.5	54.0	42.7	37.2	32.9
EBITDA [+]	71.8	67.1	90.2	90.8	74.8
EBITDA growth	7.1%	-25.6%	-0.6%	21.3%
EBITDA margin	19.3%	19.4%	29.8%	34.4%	32.8%
Depreciation	18.6	14.7	8.3	6.9	32.3
EBITA	53.2	52.4	81.9	83.9	42.5
EBITA margin	14.3%	15.1%	27.0%	31.8%	18.6%
Amortization of intangibles	5.9	19.1	48.1	47.3	23.7
EBIT [+]	47.4	33.3	33.8	36.6	18.8
EBIT growth	42.2%	-1.3%	-7.8%	95.0%
EBIT margin	12.7%	9.6%	11.1%	13.9%	8.2%
Interest expense	18.9	20.5	28.1	33.8
Interest expense	18.9	20.5	28.1	33.8
Other income (expense), net	1.9	-1.3	-0.8	0.4	-36.3
Pre-tax income	30.4	11.6	4.9	3.2	-17.5
Income taxes	13.7	11.5	12.0	5.7	-3.8
Tax rate	45.1%	99.0%	247.4%	178.7%	21.7%
Net income	0.0	0.1	-7.2	-2.5	-13.7
Net margin	0.0%	0.0%	-2.4%	-1.0%	-6.0%

Basic EPS [+]	$0.00	$0.00	($0.05)	($0.02)
Growth	-100.0%	-101.5%	185.0%
Diluted EPS [+]	$0.00	$0.00	($0.05)	($0.02)
Growth	-100.0%	-101.5%	185.0%

Shares outstanding (basic) [+]	180.1	167.5	158.1	158.1
Growth	7.6%	5.9%	0.0%
Shares outstanding (diluted) [+]	181.3	168.7	158.1	158.1
Growth	7.5%	6.7%	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.