TERMINIX GLOBAL HOLDINGS INC (SERV) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Terminix							1,444.0	1,370.0
American Home Shield							917.0	828.0
Franchise Services Group							232.0	253.0
Corporate							2.0	7.0
Total revenues	2,045.0	1,961.0	1,819.0	1,655.0	1,755.0	0.0	2,594.0	2,457.0
Revenue growth [+]	4.3%	7.8%	9.9%	-5.7%		-100.0%	5.6%	7.2%
Terminix							5.4%	4.7%
American Home Shield							10.7%	11.9%
Franchise Services Group							-8.3%	7.2%
Corporate							-71.4%	-12.5%
Cost of goods sold	1,193.0	1,155.0	1,069.0	944.0	962.0	924.0	1,375.0	1,298.0
Gross profit	852.0	806.0	750.0	711.0	793.0	-924.0	1,219.0	1,159.0
Gross margin	41.7%	41.1%	41.2%	43.0%	45.2%		47.0%	47.2%
Selling, general and administrative						462.0	666.0	669.0
Equity in earnings						-1.0
Other operating expenses	697.0	787.0	710.0	927.0	685.0	-1,642.0	131.0	128.0
Adjusted EBITDA						320.0	479.0	418.0
Adjusted EBITDA margin							18.5%	17.0%
Stock-based compensation						12.0	10.0	8.0
EBITDA [+]					194.0	308.0	469.0	410.0
EBITDA growth	715.8%	-52.5%	-118.5%	-211.3%	-37.0%	-34.3%	14.4%	-4.7%
EBITDA margin	7.6%	1.0%	2.2%	-13.1%	11.1%		18.1%	16.7%
Depreciation					86.0	53.0	47.0	48.0
EBITA	155.0	19.0	40.0	-216.0	108.0	255.0	422.0	362.0
EBITA margin	7.6%	1.0%	2.2%	-13.1%	6.2%		16.3%	14.7%
Amortization of intangibles						27.0	38.0	52.0
EBIT [+]	155.0	19.0	40.0	-216.0	108.0	228.0	384.0	310.0
EBIT growth	715.8%	-52.5%	-118.5%	-300.0%	-52.6%	-40.6%	23.9%	-6.3%
EBIT margin	7.6%	1.0%	2.2%	-13.1%	6.2%		14.8%	12.6%
Non-recurring items [+]						110.0	14.0	79.0
Asset impairment						1.0		47.0
Unusual expense								21.0
Legal settlement						93.0	9.0
Interest expense, net [+]						152.0	158.0	212.0
Interest expense						153.0	167.0	219.0
Interest income						1.0	9.0	7.0
Other income (expense), net [+]	25.0	22.0	24.0	2.0	-9.0	32.0	58.0	65.0
Gain (loss) on sale of assets						-2.0	-7.0	-1.0
Gain (loss) on debt retirement						-32.0	-58.0	-65.0
Other	25.0	22.0	24.0	2.0	-9.0
Pre-tax income	180.0	41.0	64.0	-214.0	99.0	-2.0	270.0	84.0
Income taxes	57.0	24.0	5.0	14.0	-242.0	-5.0	107.0	40.0
Tax rate	31.7%	58.5%	7.8%			250.0%	39.6%	47.6%
Net income	125.0	551.0	128.0	-41.0	510.0	2.0	162.0	43.0
Net margin	6.1%	28.1%	7.0%	-2.5%	29.1%		6.2%	1.8%

Basic EPS [+]	$0.99	$4.15	$0.94	($0.30)	$3.79	$0.01	$1.20	$0.38
Growth	-76.1%	340.5%	-411.5%	-108.0%	25570.8%	-98.8%	214.8%	-16.9%
Diluted EPS [+]	$0.99	$4.14	$0.94	($0.30)	$3.77	$0.01	$1.19	$0.38
Growth	-76.1%	340.8%	-410.6%	-108.0%	25757.8%	-98.8%	213.9%	-17.1%

Dividends per share [+]				$1.79				$0.31
Growth			-100.0%				-100.0%

Shares outstanding (basic) [+]	126.0	132.7	135.8	135.5	134.4	135.3	135.0	112.8
Growth	-5.0%	-2.3%	0.2%	0.8%	-0.7%	0.2%	19.7%	23.1%
Shares outstanding (diluted) [+]	126.4	133.0	136.2	135.5	135.4	137.3	136.6	113.8
Growth	-5.0%	-2.3%	0.5%	0.1%	-1.4%	0.5%	20.0%	23.4%

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