M/I HOMES, INC. (MHO) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Southern homebuilding	2,048.1	1,702.7	1,417.7	1,301.0	1,169.7	602.3	514.7	420.9
Northern Homebuilding	1,595.7	1,256.4	1,027.3	933.1	742.6
Financial Services Sector	102.0	87.0	55.3	52.2	49.7
Midwest homebuilding						637.9	500.9	426.1
Other						451.2	402.8	368.2
Total revenues	3,745.9	3,046.1	2,500.3	2,286.3	1,962.0	1,691.3	1,418.4	1,215.2
Revenue growth [+]	23.0%	21.8%	9.4%	16.5%	16.0%	19.2%	16.7%	17.2%
Southern homebuilding	20.3%	20.1%	9.0%	11.2%	94.2%	17.0%	22.3%	29.7%
Northern Homebuilding	27.0%	22.3%	10.1%	25.7%
Financial Services Sector	17.3%	57.3%	6.0%	5.0%
Midwest homebuilding						27.4%	17.6%	26.7%
Cost of goods sold	2,837.0	2,361.4	2,005.9	1,836.7	1,561.0	1,375.1	1,139.5	972.0
Gross profit	908.9	684.8	494.4	449.6	400.9	316.2	278.9	243.2
Gross margin	24.3%	22.5%	19.8%	19.7%	20.4%	18.7%	19.7%	20.0%
Selling, general and administrative [+]	390.6	357.1	302.3	280.6	254.6	220.4	188.3	170.0
Sales and marketing	198.6	179.5	154.4	142.8	128.3	108.8	95.1	81.1
General and administrative	192.0	177.5	148.0	137.8	126.3	111.6	93.2	88.8
Equity in earnings				0.3	0.5	0.6	0.5	0.3
Other operating expenses						-17.0	-9.2	-13.0
EBITDA [+]	531.0	340.3	203.8	180.2	156.5	121.9	106.9	91.7
EBITDA growth	56.0%	67.0%	13.1%	15.2%	28.4%	14.1%	16.5%	31.5%
EBITDA margin	14.2%	11.2%	8.2%	7.9%	8.0%	7.2%	7.5%	7.5%
Depreciation and amortization	12.7	12.6	11.7	11.0	9.6	8.6	6.6	5.2
EBIT [+]	518.3	327.7	192.1	169.3	146.9	113.4	100.2	86.6
EBIT growth	58.2%	70.6%	13.5%	15.3%	29.6%	13.1%	15.8%	33.6%
EBIT margin	13.8%	10.8%	7.7%	7.4%	7.5%	6.7%	7.1%	7.1%
Non-recurring items [+]		8.4	5.0	7.5	7.7	4.0	3.6	3.5
Asset impairment		8.4	5.0	5.8	7.7	4.0	3.6	3.5
Restructuring charges				1.7
Interest expense	2.2	9.7	21.4	20.5	18.9	17.6	17.5	13.4
Interest expense	2.2	9.7	21.4	20.5	18.9	17.6	17.5	13.4
Other income (expense), net [+]	-7.0	0.5	0.3				7.8
Gain (loss) on debt retirement	9.1						-7.8
Other	2.0	0.5	0.3
Pre-tax income	509.1	310.0	166.0	141.3	120.3	91.8	86.9	69.7
Income taxes	112.2	70.2	38.4	33.6	48.2	35.2	35.2	18.9
Tax rate	22.0%	22.6%	23.2%	23.8%	40.1%	38.3%	40.5%	27.2%
Net income	396.9	239.9	127.6	107.7	66.2	51.7	46.9	45.9
Net margin	10.6%	7.9%	5.1%	4.7%	3.4%	3.1%	3.3%	3.8%

Basic EPS [+]	$13.64	$8.38	$4.58	$3.81	$2.57	$2.10	$1.91	$1.88
Growth	62.7%	83.0%	20.2%	48.5%	22.4%	9.9%	1.7%	-69.3%
Diluted EPS [+]	$13.28	$8.23	$4.48	$3.69	$2.16	$1.72	$1.56	$1.53
Growth	61.4%	83.6%	21.4%	71.1%	25.5%	10.1%	1.7%	-69.7%

Dividends per share [+]					$0.14	$0.20	$0.20	$0.20
Growth				-100.0%	-28.2%	-0.4%	-0.5%	29.8%

Shares outstanding (basic) [+]	29.1	28.6	27.8	28.2	25.8	24.7	24.6	24.5
Growth	1.7%	2.7%	-1.4%	9.6%	4.5%	0.4%	0.5%	2.7%
Shares outstanding (diluted) [+]	29.9	29.2	28.5	29.2	30.7	30.1	30.0	29.9
Growth	2.5%	2.4%	-2.4%	-4.9%	1.9%	0.2%	0.5%	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.