CARRIZO OIL & GAS INC (CRZO) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Oil and Condensate Revenue						421.3	286.1
Natural Gas Production Revenue						83.3	71.4
Crude oil revenues				376.1	610.5
Natural gas revenues				37.5	74.7
Other				15.6	25.1	15.5	10.6
Total revenues [+]	1,065.9	745.9	443.6	429.2	710.2	520.2	368.2	250.6
Oil & gas sales								202.2
Revenue growth [+]	42.9%	68.1%	3.4%	-39.6%	36.5%	41.3%	46.9%	34.8%
Oil and Condensate Revenue						47.3%
Natural Gas Production Revenue						16.7%
Crude oil revenues				-38.4%
Natural gas revenues				-49.8%
Cost of goods sold [+]	212.2	172.4	117.8	107.7	74.2	46.8	31.5	28.3
Lease costs				90.1
Direct taxes	50.6	32.5	19.0	17.7
Oil & gas services costs	161.6	139.9	98.7
Gross profit	853.8	573.5	325.8	321.5	636.0	473.4	336.7	222.3
Gross margin	80.1%	76.9%	73.5%	74.9%	89.6%	91.0%	91.5%	88.7%
Selling, general and administrative [+]	68.6	66.2	75.0	67.2	77.0	77.5	48.7	45.2
General and administrative [+]	68.6	66.2	75.0	67.2	77.0	77.5	48.7	45.2
General and administrative expenses	68.6	66.2	75.0	67.2	77.0	77.5	48.7	45.2
Operating taxes								3.6
Other operating expenses	25.1	53.2	9.2	108.1	-159.6	46.9	-8.0	54.4
EBITDA [+]	760.0	454.1	241.7	146.2	718.6	348.9	296.0	122.8
EBITDA growth	67.4%	87.9%	65.4%	-79.7%	105.9%	17.9%	141.1%	72.9%
EBITDA margin	71.3%	60.9%	54.5%	34.1%	101.2%	67.1%	80.4%	49.0%
Depreciation and amortization	299.5	262.6	214.0	300.0	317.4	214.3	166.0	84.6
EBIT [+]	460.5	191.5	27.7	-153.9	401.2	134.6	130.0	38.2
EBIT growth	140.5%	590.0%	-118.0%	-138.3%	198.0%	3.6%	240.8%	59.2%
EBIT margin	43.2%	25.7%	6.3%	-35.9%	56.5%	25.9%	35.3%	15.2%
Non-recurring items [+]	5.0	-33.3	576.5	1,224.4		45.4
Asset impairment			576.5	1,224.4
Loss (gain) on sale of assets						45.4
Interest expense	62.4	80.9	79.4	69.2	53.2	54.7	48.2	51.0
Interest expense	62.4	80.9	79.4	69.2	53.2	54.7	48.2	51.0
Other income (expense), net [+]	16.6	-52.8	-47.3	148.7	2.1	0.2	0.3	71.0
Gain (loss) on debt retirement	-9.6	-4.2		-38.1
Unrealized gain/loss on derivatives	-6.7	59.1	49.1	-99.3
Other	0.3	2.2	1.8	11.3	2.2	0.2	0.3	-0.8
Pre-tax income	409.6	91.1	-675.5	-1,298.8	350.2	34.8	82.1	58.1
Income taxes	5.2	4.0	0.0	-140.9	127.9	12.9	31.0	25.6
Tax rate	1.3%	4.4%	0.0%	10.8%	36.5%	37.1%	37.7%	44.0%
Earnings from continuing ops	376.1	78.5	-675.5	-1,157.9	222.3	21.9	51.2	28.4
Earnings from discontinued ops				2.7	4.1	21.8	4.3	4.1
Net income	376.1	78.5	-675.5	-1,155.2	226.3	43.7	55.5	32.5
Net margin	35.3%	10.5%	-152.3%	-269.1%	31.9%	8.4%	15.1%	13.0%

Basic EPS [+]	$4.40	$1.07	($11.27)	($22.50)	$4.90	$0.54	$1.29	$0.73
Growth	311.5%	-109.5%	-49.9%	-559.3%	814.0%	-58.5%	77.6%	82.5%
Diluted EPS [+]	$4.32	$1.06	($11.27)	($22.50)	$4.81	$0.53	$1.28	$0.72
Growth	307.0%	-109.4%	-49.9%	-567.6%	810.4%	-58.7%	78.3%	82.2%

Dividends per share [+]	$0.21	$0.11
Growth	100.4%

Shares outstanding (basic) [+]	85.5	73.4	59.9	51.5	45.4	40.8	39.6	39.1
Growth	16.5%	22.5%	16.5%	13.4%	11.3%	3.0%	1.3%	15.4%
Shares outstanding (diluted) [+]	87.1	74.0	59.9	51.5	46.2	41.4	40.0	39.7
Growth	17.8%	23.5%	16.5%	11.4%	11.7%	3.3%	0.9%	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.