Macquarie Infrastructure Corp (MIC) [Rocket]

In millions, except per share items	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Atlantic Aviation	667.0	972.0	962.0	847.0	740.2	738.5	779.3	725.5
Other	180.0	240.0	289.0	822.0	761.8	900.8	571.7	315.5
Total revenues [+]	847.0	1,212.0	1,251.0	1,669.0	1,502.0	1,639.3	1,350.9	1,041.0
Products					213.5	350.7	284.4	267.1
Services					1,288.6	1,288.5	1,064.7	770.4
Revenue growth [+]	-30.1%	-3.1%	-25.0%	11.1%	-8.4%	21.3%	29.8%	0.7%
Atlantic Aviation	-31.4%	1.0%	13.6%	14.4%	0.2%	-5.2%	7.4%	0.8%
Cost of goods sold [+]	366.0	629.0	711.0	825.0	643.9	720.0	739.5	620.0
Cost of product sales					119.4	169.0	192.9	185.8
Cost of services					524.4	551.0	546.6	434.2
Gross profit	481.0	583.0	540.0	844.0	858.2	919.3	611.4	421.0
Gross margin	56.8%	48.1%	43.2%	50.6%	57.1%	56.1%	45.3%	40.4%
Selling, general and administrative	350.0	301.0	295.0	306.0	277.6	304.9	265.3	210.1
Equity in earnings							26.4	39.1
Other operating expenses	122.0	139.0	153.0	256.0	305.0	671.6	309.3	165.3
EBITDA [+]	125.0	265.0	221.0	460.0	451.1	158.0	166.1	130.6
EBITDA growth	-52.8%	19.9%	-52.0%	2.0%	185.5%	-4.8%	27.1%	30.4%
EBITDA margin	14.8%	21.9%	17.7%	27.6%	30.0%	9.6%	12.3%	12.5%
Depreciation	79.0	78.0	76.0	114.0	114.5	113.8	60.1	11.2
EBITA	46.0	187.0	145.0	346.0	336.5	44.2	105.9	119.4
EBITA margin	5.4%	15.4%	11.6%	20.7%	22.4%	2.7%	7.8%	11.5%
Amortization of intangibles	37.0	44.0	53.0	64.0	61.0	101.4	42.7	34.7
EBIT [+]	9.0	143.0	92.0	282.0	275.5	-57.2	63.2	84.8
EBIT growth	-93.7%	55.4%	-67.4%	2.3%	-581.4%	-190.5%	-25.4%	37.0%
EBIT margin	1.1%	11.8%	7.4%	16.9%	18.3%	-3.5%	4.7%	8.1%
Non-recurring items [+]			3.0
Asset impairment			3.0
Loss (gain) on sale of assets								0.2
Interest expense, net [+]	86.0	100.0	66.0	87.0	95.5	123.0	73.1	36.8
Interest expense	87.0	106.0	67.0	87.0	95.6	123.1	73.2	37.0
Interest income	1.0	6.0	1.0		0.1	0.1	0.1	0.2
Other income (expense), net [+]	-2.0	-3.0	-7.0	9.0	17.8	1.3	1,024.7	-1.8
Gain (loss) on debt retirement								5.9
Other	-2.0	-3.0	-7.0	9.0	17.8	1.3	-2.3	0.7
Pre-tax income	-79.0	40.0	16.0	204.0	197.8	-179.0	1,014.9	46.1
Income taxes	127.0	15.0	15.0	-230.0	69.3	-65.2	-24.4	18.0
Tax rate		37.5%	93.8%		35.0%	36.4%		39.1%
Minority interest						-5.3	-2.7	-3.2
Earnings from continuing ops	-206.0	25.0	1.0	434.0	128.5	-108.5	1,042.0	31.3
Earnings from discontinued ops	-722.0	128.0	94.0	22.0	26.4
Net income	-928.0	153.0	95.0	456.0	154.9	-108.5	1,042.0	31.3
Net margin	-109.6%	12.6%	7.6%	27.3%	10.3%	-6.6%	77.1%	3.0%

Basic EPS [+]	($2.37)	$0.29	$0.01	$5.22	$1.59	($1.39)	$16.54	$0.61
Growth	-916.7%	2372.6%	-99.8%	228.4%	-214.1%	-108.4%	2619.6%	113.0%
Diluted EPS [+]	($2.37)	$0.29	$0.01	$4.77	$1.56	($1.39)	$16.05	$0.61
Growth	-916.9%	2372.3%	-99.8%	205.0%	-212.3%	-108.7%	2539.3%	113.0%

Dividends per share [+]	$11.00	$4.00	$4.00	$5.56	$5.05	$4.46	$3.89	$3.35
Growth	175.0%	0.0%	-28.1%	10.1%	13.2%	14.7%	16.0%	52.3%

Shares outstanding (basic) [+]	87.0	86.2	85.2	83.2	80.9	78.0	63.0	51.4
Growth	0.9%	1.1%	2.4%	2.9%	3.7%	23.8%	22.6%	10.2%
Shares outstanding (diluted) [+]	87.0	86.2	85.2	91.1	82.2	78.0	64.9	51.4
Growth	0.9%	1.1%	-6.4%	10.8%	5.4%	20.1%	26.3%	10.2%

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