NISOURCE INC. (NI) [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
Revenues	5,738.6	4,731.3	4,473.2	5,053.4	4,991.1	4,730.2	9.2	999.2
Revenue growth	21.3%	5.8%	-11.5%	1.2%	5.5%	51315.2%	-99.1%	-81.0%
Cost of goods sold	1,489.4	1,456.0	1,585.9	1,354.7	4,114.2	3,120.4	2,836.0	1,643.7
Gross profit	4,249.2	3,275.3	2,887.3	3,698.7	876.9	1,609.8	-2,826.8	-644.5
Gross margin	74.0%	69.2%	64.5%	73.2%	17.6%	34.0%	-30726.1%	-64.5%
Selling, general and administrative
General and administrative	268.3	288.3	299.2	296.8	274.8	257.2	244.3	256.1
EBITA	1,161.6	1,014.6	961.4	1,316.2	135.7	932.2	877.1	810.9
EBITA margin	20.2%	21.4%	21.5%	26.0%	2.7%	19.7%	9533.7%	81.2%
Amortization of intangibles				11.0	11.0	11.0	11.0	11.0
EBIT	1,161.6	1,014.6	961.4	1,305.2	124.7	921.2	866.1	799.9
EBIT margin	20.2%	21.4%	21.5%	25.8%	2.5%	19.5%	9414.1%	80.1%
Pre-tax income	956.4	706.6	-31.3	506.6	-230.6	443.0	513.6	339.9
Income taxes	164.6	117.8	-17.1	123.5	-180.0	314.5	182.1	141.3
Tax rate	17.2%	16.7%	54.6%	24.4%	78.1%	71.0%	35.5%	41.6%
Earnings from continuing ops	749.0	529.8	-72.7	328.0	-65.6	128.5	331.5	198.6
Earnings from discontinued ops								103.5
Net income	749.0	529.8	-72.7	328.0	-65.6	128.5	331.5	302.1
Net margin	13.1%	11.2%	-1.6%	6.5%	-1.3%	2.7%	3603.3%	30.2%

Diluted EPS	$1.69	$1.27	($0.19)	$0.87	($0.18)	$0.39	$1.02	$0.62
Shares outstanding (diluted)	442.7	417.3	384.3	376.0	356.5	330.8	323.5	319.8

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