MAGNACHIP SEMICONDUCTOR Corp (MX) [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:
China						337.8	429.3
Standard Products Group						329.1	388.3	342.3
Taiwan						247.4	189.9
Foundry Services Group						350.4	299.1	290.8
Other								0.6
Total revenues [+]	337.7	474.2	507.1	520.7	465.4	679.7	688.0	633.7
Products	337.7	474.2	507.1	520.7	465.4
Revenue growth [+]	-28.8%	-6.5%	-2.6%	11.9%	-31.5%	-1.2%	8.6%	-9.2%
China						-21.3%
Standard Products Group						-15.2%	13.4%	1.5%
Taiwan						30.3%
Foundry Services Group						17.1%	2.9%	-19.4%
All other						-63.7%	-10.9%
Cost of goods sold	236.4	320.7	378.7	404.3	349.8	491.8	536.0	498.8
Gross profit	101.3	153.5	128.3	116.4	115.6	187.9	152.0	134.9
Gross margin	30.0%	32.4%	25.3%	22.4%	24.8%	27.6%	22.1%	21.3%
Selling, general and administrative	50.9	52.4	50.0	47.6	47.7	81.8	83.5	94.4
Research and development	52.3	51.2	45.7	45.0	46.0	70.5	72.2	83.4
Other operating expenses	3.3	-33.5	5.6	0.1		13.4	-10.7
EBITDA [+]	9.8	97.6	43.5	56.5	53.9	50.4	32.4	-16.4
EBITDA growth	-90.0%	124.5%	-23.0%	4.7%	7.1%	55.5%	-297.0%	-55.4%
EBITDA margin	2.9%	20.6%	8.6%	10.8%	11.6%	7.4%	4.7%	-2.6%
Depreciation	14.3	13.5	15.8	32.1	31.5	27.5	24.9	26.5
EBITA	-4.6	84.2	27.7	24.3	22.4	22.9	7.5	-42.9
EBITA margin	-1.4%	17.7%	5.5%	4.7%	4.8%	3.4%	1.1%	-6.8%
Amortization of intangibles	0.7	0.7	0.7	0.6	0.5	0.6	0.5
EBIT [+]	-5.2	83.4	27.0	23.7	21.9	22.2	7.0	-42.9
EBIT growth	-106.3%	208.7%	13.9%	8.4%	-1.5%	218.6%	-116.3%	-35.8%
EBIT margin	-1.6%	17.6%	5.3%	4.6%	4.7%	3.3%	1.0%	-6.8%
Non-recurring items [+]						-17.0	4.2
Non-recurring expenses in COGS							4.2
Interest expense, net [+]	-6.0	-2.6	-2.7	22.2	22.0	21.6	16.2	16.3
Interest expense				22.2	22.0	21.6	16.2	16.3
Interest income	6.0	2.6	2.7
Other income (expense), net [+]	-3.6	-12.0	-18.9	-19.8	-26.7	68.4	-12.4	-40.8
Gain (loss) on sale of assets							-6.5
Gain (loss) on debt retirement			-0.8	0.0	-0.2
Gain (loss) on foreign currency transactions	-3.0	-11.9	-0.4	-22.3	-26.3	65.5	-15.4	-42.5
Other	0.6	1.2	0.4	2.6	-0.2	2.9	3.0	1.8
Pre-tax income	-2.9	74.0	10.8	-18.2	-26.9	86.1	-25.9	-100.0
Income taxes	5.2	17.3	-46.2	2.2	-1.1	1.2	3.7	-15.1
Tax rate		23.3%			4.0%	1.3%		15.1%
Earnings from continuing ops	-8.0	56.7	-230.8	-19.0	-47.7	84.9	-29.6	-84.9
Earnings from discontinued ops			287.9	-1.4	21.9
Net income	-8.0	56.7	57.1	-20.4	-25.8	84.9	-29.6	-84.9
Net margin	-2.4%	12.0%	11.3%	-3.9%	-5.5%	12.5%	-4.3%	-13.4%

Basic EPS [+]	($0.18)	$1.26	($6.56)	($0.55)	($1.38)	$2.50	($0.85)	($2.47)
Growth	-114.2%	-119.3%	1084.2%	-60.0%	-155.2%	-394.3%	-65.6%	-28.3%
Diluted EPS [+]	($0.18)	$1.19	($4.96)	($0.55)	($1.38)	$1.90	($0.85)	($2.47)
Growth	-115.1%	-123.9%	796.7%	-60.0%	-172.8%	-323.2%	-65.6%	-28.3%


Shares outstanding (basic) [+]	44.9	44.9	35.2	34.3	34.5	33.9	34.8	34.4
Growth	-0.1%	27.4%	2.6%	-0.4%	1.6%	-2.6%	1.3%	1.0%
Shares outstanding (diluted) [+]	44.9	47.7	46.5	34.3	34.5	44.8	34.8	34.4
Growth	-6.0%	2.6%	35.5%	-0.4%	-23.0%	28.5%	1.3%	1.0%

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