NII HOLDINGS INC (NIHD) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Brazil	620.7	870.6	984.9			2,902.4	3,456.8
Corporate and Eliminations	0.0	0.1	0.2
Service and other revenues						5,424.8		6,081.6
Digital handset and accessory revenues						268.5		299.2
Other							2,624.8
Total revenues [+]	620.7	870.7	985.0	0.0	2,108.9	5,693.2	6,081.6	6,380.8
Products						268.5		299.2
Services					2,108.9	5,424.8	6,081.6	6,081.6
Revenue growth [+]	-28.7%	-11.6%		-100.0%	-63.0%	-6.4%	-4.7%	45.2%
Brazil	-28.7%	-11.6%				-16.0%
Corporate and Eliminations	-79.2%	-36.9%
Service and other revenues								46.4%
Digital handset and accessory revenues								24.1%
Cost of goods sold [+]	319.7	425.6	430.9	0.0	767.4	2,348.9	1,681.7	2,502.5
Cost of services	287.6	370.4	364.6			1,509.5		1,681.7
Amortization of intangibles	13.5	15.0	37.0			46.9		36.7
Direct materials costs						792.5		784.1
Gross profit	301.0	445.1	554.2	0.0	1,341.5	3,344.3	4,399.9	3,878.4
Gross margin	48.5%	51.1%	56.3%		63.6%	58.7%	72.3%	60.8%
Selling, general and administrative	308.8	510.2	560.8	2.1	1,037.8	2,261.9	2,201.1	2,201.1
Other operating expenses	15.1	20.5	135.4	3.2	551.9	558.2	1,232.2	710.7
EBITDA [+]	5.7	-50.1	30.4		134.5	1,129.3	1,554.8	1,554.8
EBITDA growth	-111.4%	-265.0%		-104.0%	-88.1%	-27.4%	0.0%	41.1%
EBITDA margin	0.9%	-5.8%	3.1%		6.4%	19.8%	25.6%	24.4%
Depreciation and amortization	28.6	35.4	172.4		347.5	605.2	551.5	588.2
EBITA	-22.9	-85.6	-142.0	-5.3	-213.0	524.1	1,003.3	966.6
EBITA margin	-3.7%	-9.8%	-14.4%		-10.1%	9.2%	16.5%	15.1%
Amortization of intangibles					35.1		36.7
EBIT [+]	-22.9	-85.6	-142.0	-5.3	-248.1	524.1	966.6	966.6
EBIT growth	-73.2%	-39.8%		-97.8%	-147.3%	-45.8%	0.0%	44.8%
EBIT margin	-3.7%	-9.8%	-14.4%		-11.8%	9.2%	15.9%	15.1%
Non-recurring items [+]	18.9	175.4	1,384.8	-3.2	121.6	30.4
Asset impairment	18.9	175.4	1,384.8			30.4
Interest expense, net [+]	88.2	77.1	76.0	-0.7	-20.1	326.0	-34.1	277.6
Interest expense	100.5	118.6	113.7	0.6		359.8		311.7
Interest income	12.4	41.5	37.7	0.7	20.1	33.8	34.1	34.1
Other income (expense), net [+]	-56.2	-8.8	66.1	-1,962.6	-559.8	-91.4	-386.8	-75.0
Gain (loss) on foreign currency transactions	-49.0	-1.3	76.6			-63.3		-37.3
Other	-7.2	-7.5	-10.5	-1,962.4	2.3	-28.1	-0.3	-37.8
Pre-tax income	-186.2	-346.8	-1,536.8	-1,964.6	-909.4	76.3	613.9	613.9
Income taxes	0.0	6.3	-2.9	-7.2	291.0	158.1	351.2	351.2
Tax rate	0.0%		0.2%	0.4%		207.3%	57.2%	57.2%
Minority interest	-51.6	-46.3
Earnings from continuing ops	-143.1	-293.1	-1,553.9	-1,957.7	-1,200.4	-81.8	262.7	262.7
Earnings from discontinued ops					-449.2		-37.5
Net income	-143.1	-293.1	-1,553.9	-1,957.7	-3,299.2	-765.2	225.2	225.2
Net margin	-23.1%	-33.7%	-157.7%		-156.4%	-13.4%	3.7%	3.5%

Basic EPS [+]	($1.42)	($2.92)	($15.52)	($11.36)	($6.98)	($0.48)	$1.54	$1.54
Growth	-51.4%	-81.2%		62.7%	1363.3%	-131.0%	0.0%	-30.9%
Diluted EPS [+]	($1.42)	($2.92)	($15.52)	($11.36)	($6.98)	($0.48)	$1.52	$1.52
Growth	-51.4%	-81.2%		62.7%	1363.3%	-131.4%	0.0%	-28.5%

Shares outstanding (basic) [+]	100.7	100.3	100.1	172.3	171.9	171.5	170.6	170.6
Growth	0.3%	0.2%		0.2%	0.2%	0.5%	0.0%	2.7%
Shares outstanding (diluted) [+]	100.7	100.3	100.1	172.3	171.9	171.5	172.8	172.8
Growth	0.3%	0.2%		0.2%	0.2%	-0.7%	0.0%	-0.7%

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