E.W. SCRIPPS Co (SSP) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Local Media	1,494.4	1,319.5	1,488.2	1,032.7	917.5	778.4		637.3
National Media					235.1	93.1		13.0
Other	35.5	48.3	77.4	76.7	27.1	53.4		3.9
Other	923.3	915.8	291.9	242.0
Total revenues [+]	2,453.2	2,283.5	1,857.5	1,351.4	1,157.4	877.0	818.8	654.2
Advertising								489.2
Other								28.4
Revenue growth [+]	7.4%	22.9%	37.4%	16.8%	32.0%	7.1%	25.2%	31.2%
Local Media	13.3%	-11.3%	44.1%	12.6%	17.9%
National Media					152.4%
Other	-26.4%	-37.6%	0.9%	182.7%	-49.2%
Cost of goods sold [+]	1,233.8	1,106.2	929.7	701.8	610.4	553.6	517.4	465.9
Labor costs					376.4	367.7	343.6	316.4
Other direct costs					233.9	185.9	173.8	149.5
Gross profit	1,219.4	1,177.3	927.7	649.6	547.0	323.4	301.4	188.3
Gross margin	49.7%	51.6%	49.9%	48.1%	47.3%	36.9%	36.8%	28.8%
Selling, general and administrative	623.2	595.1	497.7	449.9	75.0	96.7	56.3	112.7
Other operating expenses		-81.8			248.5	131.9	60.7	-0.5
EBITDA [+]	596.3	664.0	430.0	199.7	223.5	94.8	184.5	76.1
EBITDA growth	-10.2%	54.4%	115.3%	-10.6%	135.8%	-48.6%	142.3%	17.9%
EBITDA margin	24.3%	29.1%	23.1%	14.8%	19.3%	10.8%	22.5%	11.6%
Depreciation and amortization	61.9	58.4	50.4	40.0	34.4	34.0	32.5	32.8
EBITA	534.3	605.6	379.6	159.7	189.1	60.7	152.0	43.3
EBITA margin	21.8%	26.5%	20.4%	11.8%	16.3%	6.9%	18.6%	6.6%
Amortization of intangibles	98.5	103.6	56.7	44.3	26.3	22.3	22.7	17.0
EBIT [+]	435.9	502.1	322.8	115.3	162.8	38.4	129.3	26.3
EBIT growth	-13.2%	55.5%	179.9%	-29.1%	323.7%	-70.3%	390.7%	-18.6%
EBIT margin	17.8%	22.0%	17.4%	8.5%	14.1%	4.4%	15.8%	4.0%
Non-recurring items [+]	7.5	101.3	19.3	28.0	14.3	40.3	1.1	62.9
Asset impairment						35.7		24.6
Loss (gain) on sale of assets	5.9	-30.3	0.7	-1.7	1.3	0.2	0.5	0.3
Interest expense	161.1	165.2	93.0	80.6	36.2	26.7	18.0	15.1
Interest expense	161.1	165.2	93.0	80.6	36.2	26.7	18.0	15.1
Other income (expense), net	9.2	-48.5	-1.5	-5.8	-19.6	-3.5	-17.0	-60.1
Pre-tax income	276.5	187.1	209.0	1.0	92.7	-32.1	93.2	-111.8
Income taxes	80.6	71.2	55.5	2.9	22.8	-20.1	33.3	-37.9
Tax rate	29.1%	38.1%	26.5%	290.5%	24.6%	62.5%	35.7%	33.9%
Minority interest					-0.6	-1.5
Net income	145.6	73.3	269.3	-18.4	20.4	-13.1	67.2	-82.5
Net margin	5.9%	3.2%	14.5%	-1.4%	1.8%	-1.5%	8.2%	-12.6%

Basic EPS [+]	$1.75	$0.89	$3.31	($0.23)	$0.25	($0.16)	$0.81	($1.07)
Growth	96.4%	-73.1%	-1554.9%	-190.8%	-256.8%	-119.8%	-175.7%	-735.1%
Diluted EPS [+]	$1.67	$0.83	$3.29	($0.23)	$0.25	($0.16)	$0.80	($1.07)
Growth	100.0%	-74.7%	-1547.5%	-191.4%	-255.7%	-119.9%	-175.4%	-745.2%

Dividends per share [+]			$0.20	$0.20	$0.20			$1.03
Growth		-100.0%	0.0%	0.0%			-100.0%

Shares outstanding (basic) [+]	83.2	82.3	81.4	80.8	81.4	82.1	83.3	77.4
Growth	1.1%	1.1%	0.7%	-0.7%	-0.8%	-1.5%	7.7%	37.3%
Shares outstanding (diluted) [+]	87.3	88.0	81.8	80.8	81.9	82.1	83.6	77.4
Growth	-0.7%	7.5%	1.2%	-1.3%	-0.2%	-1.9%	8.1%	35.2%

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