BURLINGTON RESOURCES INC (BR) [Rocket]

In millions, except per share items	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01
	10-K	10-K	10-K	10-K	10-K
Revenues:
U.S.	3,891	2,710	2,111	1,642	2,260
Canada	2,707	2,100	1,925	1,165	947
International	989	808	275	161	212
Total revenues	7,587	5,618	4,311	2,968	3,419
Revenue growth [+]	35.0%	30.3%	45.2%	-13.2%
U.S.	43.6%	28.4%	28.6%	-27.3%
Canada	28.9%	9.1%	65.2%	23.0%
International	22.4%	193.8%	70.8%	-24.1%
Cost of goods sold	1,193	1,040	883	821	337
Gross profit	6,394	4,578	3,428	2,147	3,082
Gross margin	84.3%	81.5%	79.5%	72.3%	90.1%
Selling, general and administrative [+]	256	215	164	161	149
General and administrative	256	215	164	161	149
Other operating expenses	2,523	2,219	1,886	1,722	2,044
EBITDA [+]	4,928	3,281	2,305	1,097	1,624
EBITDA growth	50.2%	42.3%	110.1%	-32.5%
EBITDA margin	65.0%	58.4%	53.5%	37.0%	47.5%
Depreciation and amortization	1,313	1,137	927	833	735
EBIT [+]	3,615	2,144	1,378	264	889
EBIT growth	68.6%	55.6%	422.0%	-70.3%
EBIT margin	47.6%	38.2%	32.0%	8.9%	26.0%
Non-recurring items	-190	103	55		176
Interest expense	281	282	260	274	190
Interest expense	281	282	260	274	190
Other income (expense), net	524	545	507	579	384
Pre-tax income	4,048	2,304	1,570	569	907
Income taxes	1,338	777	310	115	349
Tax rate	33.1%	33.7%	19.7%	20.2%	38.5%
Net income	2,710	1,527	1,201	454	561
Net margin	35.7%	27.2%	27.9%	15.3%	16.4%

Basic EPS [+]	$7.13	$3.90	$3.02	$1.13	$2.71
Growth	82.8%	29.1%	167.4%	-58.4%
Diluted EPS [+]	$7.07	$3.86	$3.00	$1.13	$2.70
Growth	83.2%	28.6%	165.7%	-58.2%

Shares outstanding (basic) [+]	380	392	397	402	207
Growth	-2.9%	-1.5%	-1.1%	94.4%
Shares outstanding (diluted) [+]	383	396	400	402	207
Growth	-3.1%	-1.1%	-0.4%	93.7%

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