Transocean Partners LLC (RIGP) [Rocket]

In millions, except per share items	Sep-30-16	Jun-30-16	Mar-31-16	Dec-31-15	Sep-30-15	Jun-30-15	Mar-31-15	Dec-31-14
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenues [+]	160	155	144	154	125	161	140	138
Oil & gas services	156	152	141	150	121	157	136	135
Other	4	3	3	4	4	4	4	3
Revenue growth	28.0%	-3.7%	2.9%	11.6%	-8.1%	11.0%	-5.4%
Cost of goods sold	46	53	55	54	73	60	58	62
Gross profit	114	102	89	100	52	101	82	76
Gross margin	71.3%	65.8%	61.8%	64.9%	41.6%	62.7%	58.6%	55.1%
Selling, general and administrative [+]	7	7	6	7	6	6	5	10
General and administrative	7	7	6	7	6	6	5	10
Other operating expenses	17	17	17	17	595	19	151	17
EBITDA [+]	107	95	83	93	-532	93	-57	66
EBITDA growth	-120.1%	2.2%	-245.6%	40.9%	-800.0%	29.2%	-167.1%
EBITDA margin	66.9%	61.3%	57.6%	60.4%	-425.6%	57.8%	-40.7%	47.8%
Depreciation and amortization	17	17	17	17	17	17	17	17
EBIT [+]	90	78	66	76	-549	76	-74	49
EBIT growth	-116.4%	2.6%	-189.2%	55.1%	-1015.0%	38.2%	-207.2%
EBIT margin	56.3%	50.3%	45.8%	49.4%	-439.2%	47.2%	-52.9%	35.5%
Non-recurring items [+]					-289	-1	-67
Asset impairment					-289		-67
Loss (gain) on sale of assets						-1
Interest income, net [+]		-1	1				1
Interest expense		1				1		1
Interest income			1			1	1	1
Pre-tax income	90	77	67	76	-260	77	-6	49
Income taxes	5	4	4	5	1	4	4	4
Tax rate	5.6%	5.2%	6.0%	6.6%		5.2%		8.2%
Minority interest	43	37	32	37	-127	38	-4	26
Net income	42	36	31	34	-134	35	-6	19
Net margin	26.3%	23.2%	21.5%	22.1%	-107.2%	21.7%	-4.3%	13.8%

Basic EPS
Diluted EPS

Shares outstanding (basic)
Shares outstanding (diluted)

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