IVANHOE ENERGY INC (IVAN) [Rocket]

In millions, except per share items	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Oil and gas						31.4	47.7	29.8
Interest income							0.8
Other								0.1
Total revenues [+]				23.7	50.7	26.7	48.1	29.9
Net interest income				0.0	0.6	0.3	0.8	0.1
Revenue growth [+]				-53.3%	89.9%	-44.5%	60.7%	66.4%
Oil and gas						-34.3%	60.2%	67.5%
Cost of goods sold				10.2	21.5	13.0	16.1	7.6
Gross profit				13.5	29.2	13.7	32.0	22.3
Gross margin				56.9%	57.5%	51.3%	66.5%	74.6%
Selling, general and administrative [+]				21.7	14.3	9.8	10.2	9.5
General and administrative				21.7	14.3	9.8	10.2	9.5
Other operating expenses						30.3	40.9
EBIT [+]				-8.2	14.9	-26.4	-19.1	12.8
EBIT growth				-155.2%	-156.5%	38.0%	-249.2%	-162.9%
EBIT margin				-34.8%	29.4%	-98.8%	-39.7%	42.8%
Non-recurring items [+]						6.1	5.4
Asset impairment						6.1	5.4
Interest expense						0.6	1.0	1.3
Interest expense						0.6	1.0	1.3
Other income (expense), net [+]				-37.3	-52.7	-0.3		-11.5
Gain (loss) on foreign currency transactions				5.2	1.5	0.3
Pre-tax income				-45.6	-37.8	-33.4	-25.5	0.0
Income taxes				-1.8	-0.7	0.0	0.0	0.0
Tax rate				3.9%	1.7%	0.0%	0.0%
Net income				0.0	0.0	-5.8	0.0	0.0
Net margin				0.0%	0.0%	-21.6%	0.0%	0.0%

Basic EPS [+]				$0.00	$0.00	($137.95)	$0.00	$0.00
Growth					-100.0%			-100.0%
Diluted EPS [+]				$0.00	$0.00	($137.95)	$0.00	$0.00
Growth					-100.0%			-100.0%

Shares outstanding (basic) [+]				279.7	258.8	0.2	235.6	195.8
Growth				8.1%	106688.6%	-99.9%	20.3%	16.8%
Shares outstanding (diluted) [+]				279.7	258.8	0.2	235.6	195.8
Growth				8.1%	106688.6%	-99.9%	20.3%	16.8%

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