Aris Water Solutions, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues	321.0	229.3	171.5	118.8
Revenue growth	40.0%	33.7%	44.3%
Cost of goods sold	207.0	151.7	139.5	91.6
Gross profit	114.0	77.6	32.0	27.2
Gross margin	35.5%	33.8%	18.7%	22.9%
Selling, general and administrative [+]	45.2	27.3	18.7	15.3
General and administrative	45.2	27.3	18.7	15.3
Research and development	0.7
Other operating expenses	18.0	31.2	5.6	-1.6
EBITDA [+]	117.6	79.9	51.7	33.2
EBITDA growth	47.2%	54.5%	56.0%
EBITDA margin	36.6%	34.9%	30.2%	27.9%
Depreciation	30.8	28.2	23.6	13.6
EBITA	86.8	51.7	28.1	19.6
EBITA margin	27.1%	22.6%	16.4%	16.5%
Amortization of intangibles	36.7	32.6	20.4	6.1
EBIT [+]	50.1	19.1	7.7	13.5
EBIT growth	161.7%	148.5%	-42.9%
EBIT margin	15.6%	8.3%	4.5%	11.4%
Non-recurring items [+]	15.6
Asset impairment	15.6
Interest expense	29.2	25.5	7.7	0.3
Interest expense	29.2	25.5	7.7	0.3
Other income (expense), net [+]		-0.4		-0.2
Other non-ooperating expenses		0.4		0.2
Other	-29.2	-25.9	-7.7	-0.4
Pre-tax income	5.3	-6.7	0.0	13.1
Income taxes	0.5	0.3	0.0	0.0
Tax rate	9.8%		76.7%	0.0%
Minority interest	3.1	2.2
Net income	1.7	-9.2	0.0	13.1
Net margin	0.5%	-4.0%	0.0%	11.0%

Basic EPS [+]	$0.07	($0.44)
Growth	-116.0%
Diluted EPS [+]	$0.07	($0.44)
Growth	-116.0%

Dividends per share [+]	$1.02	$10.21
Growth	-90.0%

Shares outstanding (basic) [+]	24.1	20.9
Growth	15.2%
Shares outstanding (diluted) [+]	24.1	20.9
Growth	15.6%

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