Civeo Corp (CVEO) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Canada		321.4	269.6	325.7	296.0	245.6		344.2
Australia		251.1	234.5	156.1	119.2	111.2		136.0
United States		22.0	25.5	45.8	51.4	25.5		40.1
Total revenues [+]	697.1	594.5	529.7	527.6	466.7	382.3	397.2	518.0
Products								28.2
Services								489.8
Revenue growth [+]	17.3%	12.2%	0.4%	13.0%	22.1%	-3.8%	-23.3%	-45.1%
Canada		19.2%	-17.2%	10.0%	20.5%			-48.0%
Australia		7.0%	50.3%	30.9%	7.2%			-36.3%
United States		-13.8%	-44.3%	-10.9%	102.1%			-67.4%
U.S. and Other		-13.8%	-44.3%	-10.9%
Cost of goods sold [+]	517.1	436.5	382.1	366.8	332.4	257.3	259.7	327.6
Cost of product sales								26.7
Cost of services								300.9
Gross profit	180.0	158.0	147.6	160.7	134.3	125.0	137.6	190.4
Gross margin	25.8%	26.6%	27.9%	30.5%	28.8%	32.7%	34.6%	36.7%
Selling, general and administrative	70.0	60.6	53.7	59.6	67.0	63.4	55.3	68.4
Other operating expenses	5.8	0.3	0.5	0.3	0.8	1.5	0.6	-9.0
EBITDA [+]	104.2	97.1	93.5	100.9	66.5	60.1	81.7	130.9
EBITDA growth	7.4%	3.9%	-7.3%	51.8%	10.6%	-26.4%	-37.6%	-59.4%
EBITDA margin	15.0%	16.3%	17.6%	19.1%	14.2%	15.7%	20.6%	25.3%
Depreciation	87.2	77.1	82.4	109.0	108.2	119.1	124.1	145.4
EBITA	17.0	20.0	11.0	-8.1	-41.8	-59.1	-42.4	-14.5
EBITA margin	2.4%	3.4%	2.1%	-1.5%	-9.0%	-15.5%	-10.7%	-2.8%
Amortization of intangibles		6.0	14.1	14.8	17.6	7.3	7.2	7.6
EBIT [+]	17.0	14.0	-3.1	-22.9	-59.4	-66.4	-49.6	-22.1
EBIT growth	21.7%	-555.9%	-86.6%	-61.4%	-10.5%	33.7%	124.8%	-115.0%
EBIT margin	2.4%	2.4%	-0.6%	-4.3%	-12.7%	-17.4%	-12.5%	-4.3%
Non-recurring items [+]		7.9	144.1	26.1	28.7	31.6	46.1	122.9
Asset impairment		7.9	144.1	26.1	28.7	31.6	46.1	122.9
Interest expense, net [+]	11.4	13.0	16.7	27.3	26.0	21.2	22.5	20.6
Interest expense	11.5	13.0	16.7	27.4	26.3	21.4	22.7	22.6
Interest income	0.0	0.0	0.0	0.1	0.2	0.2	0.2	2.0
Other income (expense), net [+]	5.1	12.8	20.4	7.3	0.9	0.5	2.3	1.8
Gain (loss) on debt retirement		-0.4	-0.4		-0.7	-0.8	-0.3	-1.5
Other		13.2	20.8	7.3	1.6	1.3	2.6	3.3
Pre-tax income	10.7	5.9	-143.4	-69.1	-113.2	-118.7	-115.9	-163.8
Income taxes	0.0	3.4	-10.6	-10.7	-31.4	-13.5	-20.1	-33.1
Tax rate	0.0%	57.5%	7.4%	15.5%	27.7%	11.4%	17.3%	20.2%
Minority interest		1.1	1.5	0.2	0.4	0.5	0.6	1.1
Net income	4.0	-0.6	-136.1	-60.3	-131.8	-105.7	-96.4	-131.8
Net margin	0.6%	-0.1%	-25.7%	-11.4%	-28.2%	-27.7%	-24.3%	-25.4%

Basic EPS [+]		($0.04)	($9.64)	($4.33)	($10.06)	($0.82)	($0.90)	($1.24)
Growth		-99.6%	122.3%	-56.9%	1121.7%	-8.6%	-27.1%	-30.5%
Diluted EPS [+]		($0.04)	($9.64)	($4.33)	($10.06)	($0.82)	($0.90)	($1.24)
Growth		-99.6%	122.3%	-56.9%	1121.7%	-8.6%	-27.1%	-30.5%

Growth								-100.0%

Shares outstanding (basic) [+]		14.2	14.1	13.9	13.1	128.4	107.0	106.6
Growth		0.7%	1.5%	6.2%	-89.8%	19.9%	0.4%	0.3%
Shares outstanding (diluted) [+]		14.2	14.1	13.9	13.1	128.4	107.0	106.6
Growth		0.7%	1.5%	6.2%	-89.8%	19.9%	0.4%	0.3%

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