QR Energy, LP (QRE) [Rocket]

In millions, except per share items	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Jan-21-10	Dec-31-09	Dec-31-08
	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues [+]	455.6	372.0	360.9	6.7	253.4	72.8	281.1
Oil & gas sales	446.8	368.2	356.6
Natural gas midstream	8.8	3.8	4.3
Revenue growth	22.5%	3.1%	5298.7%	-90.8%		-74.1%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0	632.5
Gross profit	455.6	372.0	360.9	6.7	253.4	72.8	-351.4
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	-125.0%
Selling, general and administrative [+]	41.9	42.3	37.3	0.8	25.5	18.7	14.5
General and administrative	41.9	42.3	37.3	0.8	25.5	18.7	14.5
Other operating expenses	188.2	149.6	136.8
EBITDA [+]	225.6	180.1	186.8	3.5	98.8	-5.7	120.2
EBITDA growth	25.2%	-3.6%	5251.5%	-161.0%		-104.8%
EBITDA margin	49.5%	48.4%	51.8%	52.2%	39.0%	-7.9%	42.8%
Depreciation and amortization	115.2	105.8	95.0	2.1	66.5	17.0	49.3
EBIT [+]	110.4	74.3	91.8	1.4	32.3	-22.7	70.9
EBIT growth	48.5%	-19.0%	6648.2%	-106.0%		-132.1%
EBIT margin	24.2%	20.0%	25.4%	20.3%	12.7%	-31.2%	25.2%
Non-recurring items [+]	1.5	4.0				28.3	451.4
Asset impairment						28.3	451.4
Interest expense	48.0	43.1	50.5	1.1	22.2	3.7	12.4
Interest expense	48.0	43.1	50.5	1.1	22.2	3.7	12.4
Other income (expense), net [+]	0.4	53.1	47.9	-12.4	21.9	-60.5	124.6
Other	1.6	9.9	-2.6
Pre-tax income	61.3	80.3	89.1	-12.1	32.0	-115.2	-268.4
Income taxes	-0.4	0.5	0.9	-0.1	0.1	0.2	0.1
Tax rate		0.7%	1.0%	0.5%	0.3%
Minority interest	0.7				30.1	-107.5	-258.5
Net income	61.0	79.8	88.3	-12.1	31.9	-115.4	-268.5
Net margin	13.4%	21.4%	24.5%	-180.5%	12.6%	-158.5%	-95.5%

Basic EPS [+]		$2.27	$3.07
Growth		-26.1%
Diluted EPS [+]		$2.26	$3.07
Growth		-26.5%


Shares outstanding (basic) [+]		35.1	28.7
Growth		22.3%
Shares outstanding (diluted) [+]		35.3	28.7
Growth		22.8%

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