WW INTERNATIONAL, INC. (WTW) [Rocket]

In millions, except per share items	Dec-31-22	Jan-01-22	Jan-02-21	Dec-28-19	Dec-29-18	Dec-30-17	Dec-31-16	Jan-02-16
	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K
Revenues:
Digital Subscription Revenues				610.0	567.8	416.7
Studio + Digital Fees						665.0
Product sales and other, net				206.1	240.9	225.2
Licensing, franchise royalties and other						87.4
Other				597.3	705.4
Total revenues [+]	1,040.9	1,212.5	1,378.1	1,413.3	1,514.1	1,306.9	1,164.9	1,164.4
Services								937.4
Subscription								349.6
Revenue growth [+]	-14.2%	-12.0%	-2.5%	-6.7%	15.9%	12.2%	0.0%	-21.3%
Digital Subscription Revenues				7.4%	36.2%
Product sales and other, net				-14.5%	7.0%
Cost of goods sold [+]	418.5	486.1	600.3	626.7	647.7	614.3	579.4	590.3
Cost of services								477.9
Gross profit	622.4	726.4	777.8	786.7	866.4	692.6	585.5	574.1
Gross margin	59.8%	59.9%	56.4%	55.7%	57.2%	53.0%	50.3%	49.3%
Selling, general and administrative [+]	508.6	530.1	558.0	498.7	477.4	412.0	384.7	406.0
Sales and marketing	244.8	261.5	260.7	244.0	226.3	200.8	194.4	201.0
Other selling, general and administrative	263.8	268.6	297.3	254.7	251.1	211.2	190.3	205.0
Other operating expenses				-0.3	0.0	-0.7
EBITDA [+]	157.6	244.8	270.5	333.3	433.1	332.2	253.4	221.2
EBITDA growth	-35.6%	-9.5%	-18.8%	-23.0%	30.4%	31.1%	14.6%	-36.5%
EBITDA margin	15.1%	20.2%	19.6%	23.6%	28.6%	25.4%	21.8%	19.0%
Depreciation	10.1	16.3	20.8	15.7	15.1	14.8	16.9	18.5
EBITA	147.5	228.5	249.7	317.6	418.0	317.4	236.6	202.8
EBITA margin	14.2%	18.8%	18.1%	22.5%	27.6%	24.3%	20.3%	17.4%
Amortization of intangibles	33.7	32.2	29.8	29.3	29.0	36.0	35.8	34.7
EBIT [+]	113.8	196.3	219.8	288.3	389.0	281.3	200.8	168.1
EBIT growth	-42.0%	-10.7%	-23.7%	-25.9%	38.3%	40.1%	19.5%	-43.9%
EBIT margin	10.9%	16.2%	16.0%	20.4%	25.7%	21.5%	17.2%	14.4%
Non-recurring items [+]	396.7		3.7	0.3	0.0	14.0
Asset impairment	396.7		3.7	0.3	0.0	14.0
Interest expense	81.1	87.9	123.3	135.3	142.3	112.8	115.2	121.8
Interest expense	81.1	87.9	123.3	135.3	142.3	112.8	115.2	121.8
Other income (expense), net [+]	-1.7	-31.7	-0.3	-1.8	-2.6	-9.4	-1.5	9.4
Gain (loss) on debt retirement		-30.4				-9.0		11.4
Write-off of deferred debt issuance costs		-30.4				-9.0		11.4
Other	-1.7	-1.4	-0.3	-1.8	-2.6	-0.5	-1.5	-2.0
Pre-tax income	-365.8	76.7	92.5	151.0	244.1	145.1	84.1	55.6
Income taxes	-114.4	9.8	17.5	31.5	20.5	-18.2	16.6	22.8
Tax rate	31.3%	12.7%	18.9%	20.9%	8.4%		19.8%	41.1%
Minority interest			0.0	-0.2	-0.2	-0.2	-0.2	-0.2
Net income	-251.4	66.9	75.1	119.6	223.7	163.5	67.7	32.9
Net margin	-24.2%	5.5%	5.4%	8.5%	14.8%	12.5%	5.8%	2.8%

Basic EPS [+]	($3.58)	$0.96	$1.11	$1.78	$3.38	$2.54	$1.06	$0.56
Growth	-472.2%	-13.2%	-37.8%	-47.3%	32.8%	139.3%	88.2%	-72.9%
Diluted EPS [+]	($3.58)	$0.95	$1.07	$1.72	$3.19	$2.40	$1.03	$0.56
Growth	-478.1%	-11.8%	-37.7%	-46.1%	33.2%	133.2%	83.9%	-73.1%

Dividends per share [+]							$0.00	$0.00
Growth						-100.0%	-76.0%	-49.1%

Shares outstanding (basic) [+]	70.3	69.6	67.8	67.2	66.3	64.3	63.7	58.4
Growth	1.0%	2.6%	1.0%	1.4%	3.0%	0.9%	9.2%	3.1%
Shares outstanding (diluted) [+]	70.3	70.7	70.0	69.6	70.1	68.2	65.9	59.0
Growth	-0.6%	1.0%	0.7%	-0.8%	2.7%	3.6%	11.8%	4.0%

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