Veradigm Inc. (MDRX) [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
Revenues	1,503.0	1,502.7	1,632.6	1,617.8	1,497.7	1,386.1	1,386.4	1,377.9
Revenue growth	0.0%	-8.0%	0.9%	8.0%	8.1%	0.0%	0.6%	0.4%
Cost of goods sold	118.7	118.4	107.9	996.5	864.9	784.8	805.8	831.9
Gross profit	1,384.3	1,384.3	1,524.7	621.4	632.8	601.3	580.6	546.0
Gross margin	92.1%	92.1%	93.4%	38.4%	42.3%	43.4%	41.9%	39.6%
Selling, general and administrative	0.0	0.0	0.0	432.8	400.7	334.5	339.2	358.7
Research and development				258.7	202.3	178.5	184.8	192.8
EBITA	286.5	-61.1	-205.7	626.4	63.8	80.7	54.5	-5.9
EBITA margin	19.1%	-4.1%	-12.6%	38.7%	4.3%	5.8%	3.9%	-0.4%
Amortization of intangibles	50.6	57.7	62.2	63.6	50.5	15.9	23.2	31.3
EBIT	236.0	-118.8	-267.9	562.8	13.3	64.9	31.3	-37.2
EBIT margin	15.7%	-7.9%	-16.4%	34.8%	0.9%	4.7%	2.3%	-2.7%
Pre-tax income	161.8	-149.3	-281.8	-62.2	-190.0	31.6	0.6	-68.1
Income taxes	27.9	-16.7	-43.3	-19.0	-5.5	0.3	2.6	-1.7
Tax rate	17.2%	11.2%	15.4%	30.5%	2.9%	1.0%	460.7%	2.4%
Earnings from continuing ops	0.5	833.0	55.8	-87.3	-226.8	2.6	-2.2	-66.5
Earnings from discontinued ops	0.5	833.0	55.8	451.0	30.3	-28.2
Net income	0.5	833.0	55.8	363.7	-196.5	-25.7	-2.2	-66.5
Net margin	0.0%	55.4%	3.4%	22.5%	-13.1%	-1.9%	-0.2%	-4.8%

Diluted EPS	$3.34	$5.23	$0.34	($0.50)	($1.25)	$0.01	($0.01)	($0.37)
Shares outstanding (diluted)	0.1	159.3	166.3	176.0	180.8	186.2	185.1	179.8

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