TERADATA CORP (TDC) [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/A	10-K
Revenues:
APAC						394
Marketing Applications								153
Americas Data and Analytics								1,470
International Data and Analytics								907
Other						1,762
Total revenues [+]	1,795	1,917	1,836	1,899	2,164	2,156	2,322	2,530
Products								1,115
Services								1,415
Revenue growth [+]	-6.4%	4.4%	-3.3%	-12.2%	0.4%	-7.1%	-8.2%	-7.4%
Marketing Applications								-6.7%
Americas Data and Analytics								-4.2%
International Data and Analytics								-12.3%
Cost of goods sold [+]	714	731	817	944	1,138	1,132	1,133	1,254
Cost of product sales								489
Cost of services								765
Gross profit	1,081	1,186	1,019	955	1,026	1,024	1,189	1,276
Gross margin	60.2%	61.9%	55.5%	50.3%	47.4%	47.5%	51.2%	50.4%
Selling, general and administrative	650	646	669	618	666	651	662	765
Research and development	313	309	334	327	317	305	212	228
EBITDA [+]	252	380	188	160	173	206	443	453
EBITDA growth	-33.7%	102.1%	17.5%	-7.5%	-16.0%	-53.5%	-2.2%	-32.6%
EBITDA margin	14.0%	19.8%	10.2%	8.4%	8.0%	9.6%	19.1%	17.9%
Depreciation	134	149	172	150	130	138	118	130
EBITA	118	231	16	10	43	68	325	323
EBITA margin	6.6%	12.1%	0.9%	0.5%	2.0%	3.2%	14.0%	12.8%
Amortization of intangibles							10	40
EBIT [+]	118	231	16	10	43	68	315	283
EBIT growth	-48.9%	1343.8%	60.0%	-76.7%	-36.8%	-78.4%	11.3%	-43.7%
EBIT margin	6.6%	12.1%	0.9%	0.5%	2.0%	3.2%	13.6%	11.2%
Non-recurring items [+]							80	478
Asset impairment							80	478
Interest expense, net [+]	9	20	23	14	8	4	6	9
Interest expense	24	26	27	26	22	15	12	9
Interest income	15	6	4	12	14	11	6
Other income (expense), net [+]	-42	-19	-17	-9	-8	-6	-8	60
Other	-51	-39	-40	-23	-16	-10	-14	60
Pre-tax income	67	192	-24	-13	27	58	221	-144
Income taxes	34	45	-153	7	-3	125	96	70
Tax rate	50.7%	23.4%	637.5%			215.5%	43.4%
Net income	67	192	-24	-13	27	58	221	-214
Net margin	3.7%	10.0%	-1.3%	-0.7%	1.2%	2.7%	9.5%	-8.5%

Basic EPS [+]	$0.65	$1.77	($0.22)	($0.11)	$0.23	$0.46	$1.70	($1.53)
Growth	-63.3%	-905.2%	92.9%	-150.3%	-50.9%	-72.9%	-211.2%	-164.9%
Diluted EPS [+]	$0.63	$1.70	($0.22)	($0.11)	$0.22	$0.46	$1.68	($1.53)
Growth	-62.8%	-890.8%	88.9%	-151.1%	-51.7%	-72.6%	-209.6%	-165.9%

Shares outstanding (basic) [+]	103	109	109	114	119	126	130	140
Growth	-5.0%	-0.6%	-4.3%	-4.2%	-5.2%	-3.0%	-7.1%	-10.1%
Shares outstanding (diluted) [+]	106	113	112	114	121	126	132	140
Growth	-6.3%	1.2%	-2.3%	-5.8%	-3.7%	-4.3%	-5.8%	-11.5%

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