Jernigan Capital, Inc. (JCAP) [Rocket]

In millions, except per share items	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
Total interest expense	-8.5	-2.2	-1.1	-0.6
Net interest income	-8.5	-2.2	-1.1	-0.6
Equity in earnings	0.6	1.5	2.3	1.3
Pre-tax income before non-recurring items	44.4	54.4	14.6	16.1	-2.4
Non-recurring items				0.1	0.6
Pre-tax income	44.4	54.4	14.6	16.0	-2.9
Income taxes	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	23.9	36.4	13.1	15.0	-2.9
Net margin	53.1%	116.5%	107.5%	230.0%	-168.8%

Basic EPS	$1.12	$2.12	$1.12	$2.48	($0.65)
Diluted EPS	$1.11	$2.10	$1.10	$2.42	($0.65)

Shares outstanding (basic)	21.4	17.1	11.7	6.1	4.5
Shares outstanding (diluted)	21.6	17.3	11.9	6.2	4.5

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