Energy XXI Ltd (EXXIQ) [Rocket]

In millions, except per share items	Sep-30-16	Jun-30-16	Mar-31-16	Dec-31-15	Sep-30-15	Jun-30-15	Mar-31-15	Dec-31-14
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Revenues:
Oil sales	492.7	546.8	639.0	721.5	861.5	1,052.7
Natural gas sales	63.5	69.3	78.4	91.0	106.2	117.3	124.1	132.3
Other			60.8	71.0	234.1		1,308.4	1,363.8
Total revenues [+]	591.3	706.5	778.2	883.5	1,201.8	1,405.5	1,432.5	1,496.1
Oil & gas sales	142.6				257.8
Revenue growth [+]	-50.8%	-49.7%	-45.7%	-40.9%	-6.8%	21.9%	22.3%	25.8%
Oil sales	-42.8%	-48.1%
Natural gas sales	-40.2%	-41.0%	-36.8%	-31.2%	-21.4%	-13.7%	-5.2%	5.7%
Cost of goods sold [+]	375.3	402.0	407.9	423.5	442.5	484.7	496.8	474.3
Lease costs	320.2	346.1	358.5	384.6	415.6	463.5	472.6	448.1
Direct taxes		0.7	2.0	3.3		8.4	8.6	8.2
Natural gas midstream costs	55.0	55.9	49.4	38.9	26.9	21.1	24.2	26.2
Gross profit	216.0	304.5	370.3	460.0	759.3	920.8	935.7	1,021.8
Gross margin	36.5%	43.1%	47.6%	52.1%	63.2%	65.5%	65.3%	68.3%
Selling, general and administrative [+]	96.0	102.7	104.8	113.5	112.3	116.5	122.1	109.2
General and administrative	96.0	102.7	104.8	113.5	112.3	116.5	122.1	109.2
Equity in earnings					-28.9	-17.2	-2.7	-1.1
Other operating expenses	573.6	1,387.3	4,584.1	4,811.6	3,384.6	2,480.4	618.4	42.1
EBITDA [+]	-453.5	-1,196.3	-4,343.5	-4,492.8	-2,766.5	-1,693.2	192.5	869.4
EBITDA growth	-83.6%	-29.4%	-2355.9%	-616.8%	-496.9%	-370.2%	-71.8%	23.3%
EBITDA margin	-76.7%	-169.3%	-558.2%	-508.5%	-230.2%	-120.5%	13.4%	58.1%
Depreciation and amortization	247.1	339.5	482.7	616.8	670.4	705.5	632.6	544.6
EBIT [+]	-700.6	-1,535.8	-4,826.3	-5,109.6	-3,436.9	-2,398.8	-440.1	324.8
EBIT growth	-79.6%	-36.0%	996.6%	-1673.1%	-1633.7%	-1228.4%	-249.2%	-1.1%
EBIT margin	-118.5%	-217.4%	-620.2%	-578.4%	-286.0%	-170.7%	-30.7%	21.7%
Non-recurring items		1,492.4						329.3
Interest expense	307.3	405.7	497.3	383.6	360.3	323.3	269.9	227.6
Interest expense	307.3	405.7	497.3	383.6	360.3	323.3	269.9	227.6
Other income (expense), net [+]	1,023.6	1,515.0	1,530.0	753.9	462.0	4.2	4.2	3.8
Reorganization items	-46.8	-14.2
Gain (loss) on debt retirement			1,525.6	748.6	458.3
Other non-operating income	3.0		3.4	4.3	2.7		4.2	3.8
Other	10.0	10.5	10.8	11.6	10.1	10.5	4.2	3.8
Pre-tax income	-1,476.6	-1,918.8	-3,793.5	-4,739.3	-3,664.4	-3,047.2	-1,035.1	-228.2
Income taxes	-0.1	-0.1	-380.3	-670.3	-630.0	-613.4	-248.5	56.0
Tax rate	0.0%	0.0%	10.0%		17.2%	20.1%	24.0%
Net income	-1,482.0	-1,927.1	-3,424.1	-4,080.4	-3,045.9	-2,445.3	-798.1	-295.8
Net margin	-250.6%	-272.8%	-440.0%	-461.9%	-253.4%	-174.0%	-55.7%	-19.8%

Basic EPS [+]	($15.41)	($20.20)	($36.05)	($43.13)	($32.29)	($25.99)	($8.95)	($3.56)
Growth	-52.3%	-22.3%	302.7%	1112.7%	26997.5%	-28936.8%	-614.4%	-267.8%
Diluted EPS [+]	($15.10)	($19.78)	($35.30)	($43.13)	($32.29)	($25.41)	($8.74)	($3.47)
Growth	-53.2%	-22.2%	303.7%	1144.0%	27750.9%	-29117.6%	-630.3%	-276.7%

Dividends per share [+]						$0.26	$0.36	$0.47
Growth	-100.0%	-100.0%	-97.2%	-95.8%	-70.4%	-44.9%	-24.7%	11.8%

Shares outstanding (basic) [+]	96.2	95.4	95.0	94.6	94.3	94.1	89.2	83.2
Growth	1.9%	1.4%	6.5%	13.8%	20.7%	27.8%	19.2%	7.9%
Shares outstanding (diluted) [+]	98.2	97.4	97.0	94.6	94.3	96.2	91.3	85.3
Growth	4.1%	1.2%	6.3%	10.9%	17.4%	27.0%	15.6%	2.5%

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