Chemours Co (CC) [Rocket]

In millions, except per share items	Dec-05-22	Dec-31-21	Dec-05-21	Dec-31-20	Dec-05-20	Dec-31-19	Dec-31-18	Dec-31-17
	8-K	8-K	8-K	10-K	8-K	10-K	10-K	10-K
Revenues:
Advanced Performance Materials				1,104		1,330	1,365
Thermal & Specialized Solutions				1,105		1,318	1,497
Fluoroproducts								2,654
Other				2,760		2,878	3,776	3,529
Total revenues	6,849	6,388	6,388	4,969	4,992	5,526	6,638	6,183
Revenue growth [+]	7.2%	28.6%	28.0%	-10.1%		-16.8%	7.4%	14.5%
Advanced Performance Materials				-17.0%		-2.6%
Thermal & Specialized Solutions				-16.2%		-12.0%
Titanium Technologies				2.4%		-26.1%	7.3%
Cost of goods sold	5,178	4,964	4,964	3,902	3,902	4,463	4,667	4,438
Gross profit	1,671	1,424	1,424	1,067	1,090	1,063	1,971	1,745
Gross margin	24.4%	22.3%	22.3%	21.5%	21.8%	19.2%	29.7%	28.2%
Selling, general and administrative	710	592	592	527	527	548	657	626
Research and development	118	107	107	93	93	80	82	81
Equity in earnings				23		29	43	33
Other operating expenses	2	-115	48	164	124	-88	43	50
Adjusted EBITDA	1,159	1,191	1,028	642	682	882	1,540	1,323
Adjusted EBITDA margin	16.9%	18.6%	16.1%	12.9%	13.7%	16.0%	23.2%	21.4%
Stock-based compensation	27	34	34	16	16	19	24	29
EBITDA [+]	1,132	1,157	994	626	666	863	1,516	1,294
EBITDA growth	13.9%	84.8%	49.2%	-27.5%		-43.1%	17.2%	125.4%
EBITDA margin	16.5%	18.1%	15.6%	12.6%	13.3%	15.6%	22.8%	20.9%
Depreciation and amortization	291	317	317	320	320	311	284	273
EBIT [+]	841	840	677	306	346	552	1,232	1,021
EBIT growth	24.2%	174.5%	95.7%	-44.6%		-55.2%	20.7%	252.1%
EBIT margin	12.3%	13.1%	10.6%	6.2%	6.9%	10.0%	18.6%	16.5%
Non-recurring items				49		175	82	9
Interest expense	163	185	185	210	210	208	195	214
Interest expense	163	185	185	210	210	208	195	214
Other income (expense), net [+]	63	21	184	132	43	-293	200	114
Gain (loss) on debt retirement	7	-21	-21	-22	-22		-38	-1
Other	70		163	110	21	-293	162	113
Pre-tax income	741	676	676	179	179	-124	1,155	912
Income taxes	163	68	68	-40	-40	-72	159	165
Tax rate	22.0%	10.1%	10.1%			58.1%	13.8%	18.1%
Minority interest							1	1
Net income	578	608	608	219	219	-52	995	746
Net margin	8.4%	9.5%	9.5%	4.4%	4.4%	-0.9%	15.0%	12.1%

Basic EPS [+]	$3.72	$3.69	$3.69	$1.33	$1.33	($0.32)	$5.62	$4.04
Growth	0.8%	177.5%	177.4%	-521.5%		-105.6%	39.3%	10371.3%
Diluted EPS [+]	$3.72	$3.69	$3.69	$1.32	$1.33	($0.32)	$5.45	$3.91
Growth	0.8%	180.3%	177.4%	-517.3%		-105.8%	39.5%	10134.9%

Dividends per share [+]				$1.00		$1.00	$0.67	$0.29
Growth		-100.0%		0.0%		49.3%	131.0%	139.4%

Shares outstanding (basic) [+]	155	165	165	165	165	165	177	185
Growth	-5.7%	0.1%	0.1%	-0.1%		-6.9%	-4.3%	1.8%
Shares outstanding (diluted) [+]	155	165	165	166	165	165	183	191
Growth	-5.7%	-0.9%	0.1%	0.9%		-9.7%	-4.4%	4.1%

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