Intrepid Potash, Inc. (IPI) [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:
Mineral	337.6	270.3	197.0	220.1	208.3	177.9	212.1
Potash	168.3	130.2	92.2	104.5	107.5	95.5	149.3
Trio	114.0	91.1	65.3	64.3	64.1	63.3	52.9
Water Product	22.4	22.0	20.4	25.7	19.8	7.0
Other							-420.0
Total revenues [+]	185.4	77.4	42.6	68.8	59.4	34.6	-5.7	287.2
Mineral sales								287.2
Revenue growth [+]	139.6%	81.8%	-38.1%	15.9%	71.7%	-706.2%	-102.0%	-30.0%
Mineral	24.9%	37.3%	-10.5%	5.7%	17.1%	-16.1%
Potash	29.2%	41.3%	-11.8%	-2.8%	12.5%	-36.0%
Trio	25.1%	39.5%	1.6%	0.2%	1.3%	19.8%
Water Product	2.0%	7.8%	-20.5%	29.6%	181.1%
Cost of goods sold	46.0	23.5	33.8	27.1	22.8	25.9	28.5	302.7
Gross profit	139.4	53.9	8.8	41.7	36.6	8.6	-34.2	-15.5
Gross margin	75.2%	69.6%	20.7%	60.6%	61.6%	25.0%	600.1%	-5.4%
Selling, general and administrative	31.8	24.0	25.5	23.6	20.4	18.9	20.0	27.5
Equity in earnings	0.7
Other operating expenses	-2.7	2.7	5.0	1.4	0.8	3.5	-1.7	3.0
EBITDA [+]	145.8	62.8	14.1	50.8	47.6	19.4	-11.7	41.7
EBITDA growth	132.0%	345.0%	-72.2%	6.7%	145.3%	-266.0%	-128.1%	-57.5%
EBITDA margin	78.6%	81.2%	33.2%	73.9%	80.2%	56.1%	205.0%	14.5%
Depreciation	34.4	35.3	35.5	33.9	32.2	33.2	40.9	87.7
EBITA	111.4	27.5	-21.3	16.9	15.4	-13.8	-52.6	-46.0
EBITA margin	60.1%	35.5%	-50.2%	24.6%	25.9%	-39.9%	922.0%	-16.0%
Amortization of intangibles	0.3	0.3	0.3	0.2
EBIT [+]	111.1	27.2	-21.7	16.7	15.4	-13.8	-52.6	-46.0
EBIT growth	308.5%	-225.5%	-229.7%	8.4%	-211.7%	-73.8%	14.4%	-361.2%
EBIT margin	59.9%	35.1%	-50.9%	24.3%	25.9%	-39.9%	922.0%	-16.0%
Non-recurring items [+]	14.9	-5.1	1.6	0.3	-0.1	0.3	2.7	323.8
Asset impairment								323.8
Loss (gain) on sale of assets	7.5	-2.5	-4.3	0.3	-0.1
Legal settlement			10.1
Interest expense, net [+]	-0.1	1.5	4.3	3.0	3.9	11.7	11.3	5.6
Interest expense	0.1	1.5	4.3	3.0	3.9	11.7	11.6	6.4
Interest income	0.2						0.3	0.8
Other income (expense), net [+]	0.3	10.2	0.4	0.4	0.3	0.4	1.1	0.6
Gain (loss) on debt retirement		10.1
Other	-0.3	0.0	0.4	0.4	0.3	0.4	1.1	0.6
Pre-tax income	96.5	41.0	-27.1	13.7	11.9	-25.4	-65.5	-374.8
Income taxes	24.3	-208.9	0.0	0.1	0.1	-2.8	-1.4	150.0
Tax rate	25.2%			0.4%	0.9%	11.0%	2.1%
Net income	72.2	249.8	-27.2	13.6	11.8	-22.6	-64.2	-524.8
Net margin	39.0%	322.8%	-63.8%	19.8%	19.8%	-65.2%	1124.8%	-182.7%

Basic EPS [+]	$5.49	$19.07	($2.09)	$1.06	$0.92	($0.20)	($0.85)	($6.94)
Growth	-71.2%	-1012.6%	-297.9%	14.8%	-571.7%	-77.0%	-87.8%	-5464.5%
Diluted EPS [+]	$5.37	$18.66	($2.09)	$1.04	$0.90	($0.20)	($0.85)	($6.94)
Growth	-71.2%	-992.7%	-300.9%	15.6%	-561.2%	-77.0%	-87.8%	-5473.5%


Shares outstanding (basic) [+]	13.2	13.1	13.0	12.9	12.8	115.7	75.8	75.7
Growth	0.4%	0.8%	0.7%	0.8%	-88.9%	52.6%	0.2%	0.2%
Shares outstanding (diluted) [+]	13.5	13.4	13.0	13.1	13.1	115.7	75.8	75.7
Growth	0.5%	3.1%	-0.9%	0.0%	-88.7%	52.6%	0.2%	0.1%

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