Energy XXI Ltd (EXXIQ) [Rocket]

In millions, except per share items	Jun-30-16	Jun-30-15	Jun-30-14	Jun-30-13	Jun-30-12	Jun-30-11	Jun-30-10	Jun-30-09
	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K
Revenues:
Oil sales	546.8	1,052.7	1,104.2	1,067.7
Natural gas sales	69.3	117.3	135.9	112.8	116.8	139.7	111.0
Crude oil sales					1,186.6	719.7	387.9
Other	90.5	235.4
Total revenues	706.5	1,405.5	1,153.1	1,158.9	1,303.4	859.4	498.9	433.8
Revenue growth [+]	-49.7%	21.9%	-0.5%	-11.1%	51.7%	72.2%	15.0%	-32.6%
Oil sales	-48.1%	-4.7%	3.4%
Natural gas sales	-41.0%	-13.7%	20.5%	-3.4%	-16.4%	25.8%
Crude oil sales					64.9%	85.5%
Cost of goods sold [+]	402.0	484.7	389.3	361.3	327.2	252.0	142.6	132.1
Lease costs	346.1	463.5	365.7	337.2	310.8	239.5
Direct taxes	1.4	8.4	5.4
Natural gas midstream costs	55.9	21.1	23.5	24.2	16.4	12.5
Gross profit	304.5	920.8	763.8	797.6	976.2	607.4	356.3	301.7
Gross margin	43.1%	65.5%	66.2%	68.8%	74.9%	70.7%	71.4%	69.6%
Selling, general and administrative [+]	102.7	116.5	96.4	71.6	86.3	78.0	50.8	24.8
Sales and marketing						2.9	1.1
General and administrative	102.7	116.5	96.4	71.6	86.3	75.1	49.7	24.8
Other selling, general and administrative						2.9	1.1
Equity in earnings	-10.7	-17.2	-5.2	-6.0
Other operating expenses	1,387.3	2,480.4	35.6	36.1	39.2	27.0	21.8	217.2
EBITDA [+]	-1,196.3	-1,693.2	626.6	683.9	850.7	502.4	283.7	277.0
EBITDA growth	-29.4%	-370.2%	-8.4%	-19.6%	69.3%	77.1%	2.4%	-38.6%
EBITDA margin	-169.3%	-120.5%	54.3%	59.0%	65.3%	58.5%	56.9%	63.8%
Depreciation and amortization	339.5	705.5	414.0	363.8	367.5	293.5	181.6	217.2
EBIT [+]	-1,535.8	-2,398.8	212.6	320.1	483.3	208.9	102.0	59.8
EBIT growth	-36.0%	-1228.4%	-33.6%	-33.8%	131.3%	104.7%	70.7%	-58.4%
EBIT margin	-217.4%	-170.7%	18.4%	27.6%	37.1%	24.3%	20.5%	13.8%
Non-recurring items [+]	1,492.4	329.3						577.0
Asset impairment		329.3						577.0
Interest expense	405.7	323.3	162.7	108.7	108.9	105.8	88.2	84.2
Interest expense	405.7	323.3	162.7	108.7	108.9	105.8	88.2	84.2
Other income (expense), net [+]	1,515.0	4.2	3.3	2.0	0.1	-26.2	29.8	7.5
Reorganization items	-14.2
Gain (loss) on debt retirement	1,525.6					-21.9
Other non-operating income	3.6	4.2	3.3	2.0	0.1	0.2	29.8
Other	3.6	4.2	3.3	2.0	0.1	0.2	29.8
Pre-tax income	-1,918.8	-3,047.2	53.1	213.4	374.5	76.9	43.6	-594.0
Income taxes	-0.1	-613.4	35.0	32.6	38.6	12.3	16.2	-22.3
Tax rate	0.0%	20.1%	65.9%	15.3%	10.3%	15.9%	37.3%	3.8%
Net income	-1,927.1	-2,445.3	6.6	169.3	316.7	27.7	23.0	-571.6
Net margin	-272.8%	-174.0%	0.6%	14.6%	24.3%	3.2%	4.6%	-131.8%

Basic EPS [+]	($20.11)	($25.97)	$0.09	$2.14	$4.10	$0.42	$0.56	($19.77)
Growth	-22.6%	-29204.2%	-95.8%	-47.7%	881.2%	-25.6%	-102.8%	-1362.5%
Diluted EPS [+]	($20.11)	($25.97)	$0.09	$1.94	$3.63	$0.42	$0.56	($19.77)
Growth	-22.6%	-29231.6%	-95.4%	-46.6%	771.2%	-25.0%	-102.8%	-1428.2%

Dividends per share [+]		$0.26	$0.47	$0.33			$0.10
Growth	-100.0%	-44.3%	41.8%			-100.0%

Shares outstanding (basic) [+]	95.8	94.2	74.4	79.1	77.3	66.4	41.0	28.9
Growth	1.8%	26.6%	-5.9%	2.3%	16.5%	61.9%	41.8%	68.5%
Shares outstanding (diluted) [+]	95.8	94.2	74.4	87.3	87.2	66.5	41.4	28.9
Growth	1.8%	26.5%	-14.7%	0.1%	31.2%	60.6%	43.1%	60.2%

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