Range Resources - Louisiana, Inc. (MRD) [Rocket]

In millions, except per share items	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	10-K	10-K	10-K	10-K
Revenues:
MEMP	358.1	566.0	394.5	258.4
MRD				138.8
Other	374.0	409.1	219.6
Total revenues [+]	732.2	975.1	614.1	396.9
Oil & gas sales	729.5	970.7	611.0	393.6
Other	2.7	4.4	3.1	3.2
Revenue growth [+]	-24.9%	58.8%	54.7%
MEMP	-36.7%	43.5%	52.7%
Cost of goods sold [+]	300.6	239.2	154.5	103.8
Lease costs	193.1	161.3	111.8
Natural gas midstream costs	107.5	77.8	42.7
Gross profit	431.6	736.0	459.5	293.1
Gross margin	58.9%	75.5%	74.8%	73.9%
Selling, general and administrative [+]	103.0	87.7	82.1	59.7
General and administrative	103.0	87.7	82.1	59.7
Exploration expenses	11.3	16.6	2.4	9.8
EBIT [+]	-45.0	-363.7	222.1	60.0
EBIT growth	-87.6%	-263.8%	270.1%
EBIT margin	-6.1%	-37.3%	36.2%	15.1%
Interest expense	154.1	133.8	69.3
Interest expense	154.1	133.8	69.3
Other income (expense), net [+]	-1.0	-37.6	0.1	-32.9
Gain (loss) on debt retirement		-37.2
Other	-155.1	2.9	-69.1	-32.9
Pre-tax income	-200.1	-535.1	153.0	27.1
Income taxes	97.8	101.0	1.6	0.1
Tax rate			1.1%	0.4%
Minority interest	-393.5	126.8	49.8	-2.7
Net income	0.0	-20.3	-90.7	-7.6
Net margin	0.0%	-2.1%	-14.8%	-1.9%

Basic EPS [+]	$0.00	($0.11)
Growth	-100.0%
Diluted EPS [+]	$0.00	($0.11)
Growth	-100.0%

Dividends per share [+]	$1.30	$0.03
Growth	3976.2%

Shares outstanding (basic) [+]	0.2	192.5
Growth	-99.9%
Shares outstanding (diluted) [+]	0.2	192.5
Growth	-99.9%

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