Trinseo PLC (TSE) [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
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Performance Plastics						1,419.1		742.8
Latex Binders Segment					1,069.0	1,097.1		966.2
Polystyrene	1,093.1	1,118.8	698.9	809.4	1,017.1	9,129.8
Synthetic Rubber					572.5	582.8		474.6
Other	3,872.4	3,708.7	2,045.7	2,564.5	1,964.2			1,788.3
Total revenues	4,965.5	4,827.5	2,744.6	3,373.9	4,622.8	4,448.1	3,716.6	3,971.9
Revenue growth [+]	2.9%	75.9%	-18.7%	-27.0%	3.9%	19.7%	-6.4%	-22.5%
Performance Plastics								-9.5%
Latex Binders Segment					-2.6%			-23.4%
Polystyrene	-2.3%	60.1%	-13.7%	-20.4%	-88.9%
Synthetic Rubber					-1.8%			-25.1%
Feedstocks	-8.8%	64.6%	-44.0%	-23.6%	-5.2%			-28.5%
Cost of goods sold	4,693.2	4,128.6	2,423.5	3,073.5	4,094.0	3,807.8	3,124.4	3,502.8
Gross profit	272.3	698.9	321.1	300.4	528.8	640.3	592.2	469.1
Gross margin	5.5%	14.5%	11.7%	8.9%	11.4%	14.4%	15.9%	11.8%
Selling, general and administrative	398.8	323.4	227.5	276.9	257.0	239.0	238.7	208.0
Equity in earnings	102.2	92.7	67.0	119.0	144.1	123.7	144.7	140.2
Other operating expenses	-157.8	-101.3	-75.1	-136.2	-153.4	-131.7	-168.6	-148.4
EBITDA [+]	268.2	644.3	261.3	251.2	555.4	643.6	618.5	506.3
EBITDA growth	-58.4%	146.6%	4.0%	-54.8%	-13.7%	4.1%	22.2%	134.2%
EBITDA margin	5.4%	13.3%	9.5%	7.4%	12.0%	14.5%	16.6%	12.7%
Depreciation	143.3	95.7	64.9	65.5	100.5	83.6	75.1	78.3
EBITA	124.9	548.6	196.4	185.7	454.9	560.0	543.4	428.0
EBITA margin	2.5%	11.4%	7.2%	5.5%	9.8%	12.6%	14.6%	10.8%
Amortization of intangibles	93.6	71.8	27.7	26.0	29.7	27.0	21.3	18.5
EBIT [+]	31.3	476.8	168.7	159.7	425.2	533.0	522.1	409.5
EBIT growth	-93.4%	182.6%	5.6%	-62.4%	-20.2%	2.1%	27.5%	264.1%
EBIT margin	0.6%	9.9%	6.1%	4.7%	9.2%	12.0%	14.0%	10.3%
Non-recurring items	395.2	15.4	19.1	17.2	10.8	8.0	23.9	8.2
Interest expense	112.9	79.4	43.6	39.3	46.4	70.1	75.0	93.2
Interest expense	112.9	79.4	43.6	39.3	46.4	70.1	75.0	93.2
Other income (expense), net [+]	7.2	-31.5	-0.6	-3.4	-3.7	-43.8	-17.9	-104.3
Gain (loss) on debt retirement						-65.3		-95.2
Other	7.2	-9.5	-7.9	-3.4	-3.7	21.5	-17.9	-9.1
Pre-tax income	-469.6	350.5	105.4	99.8	364.3	411.1	405.3	203.8
Income taxes	-41.6	70.9	42.7	12.7	71.8	82.8	87.0	70.2
Tax rate	8.9%	20.2%	40.5%	12.7%	19.7%	20.1%	21.5%	34.4%
Earnings from continuing ops	-425.1	119.2	117.5	82.2	292.5	328.3	318.3	133.6
Earnings from discontinued ops	-2.9	160.4	-54.8	4.9
Net income	-428.0	279.6	62.7	87.1	292.5	328.3	318.3	133.6
Net margin	-8.6%	5.8%	2.3%	2.6%	6.3%	7.4%	8.6%	3.4%

Basic EPS [+]	($11.84)	$3.08	$3.07	$2.04	$6.83	$7.50	$6.85	$2.74
Growth	-484.4%	0.4%	50.4%	-70.2%	-8.8%	9.5%	150.0%	-276.8%
Diluted EPS [+]	($11.84)	$3.01	$3.04	$2.02	$6.69	$7.30	$6.70	$2.73
Growth	-493.4%	-1.1%	50.7%	-69.8%	-8.3%	8.9%	145.8%	-276.1%

Dividends per share [+]	$1.28	$0.80	$1.28	$1.60	$1.56	$1.38	$0.90
Growth	60.0%	-37.5%	-20.0%	2.6%	13.0%	53.3%

Shares outstanding (basic) [+]	35.9	38.7	38.3	40.3	42.8	43.8	46.5	48.8
Growth	-7.2%	1.0%	-5.0%	-5.8%	-2.3%	-5.8%	-4.7%	12.2%
Shares outstanding (diluted) [+]	35.9	39.6	38.6	40.7	43.7	45.0	47.5	49.0
Growth	-9.3%	2.6%	-5.2%	-6.9%	-2.9%	-5.3%	-3.1%	12.7%

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