ARCH RESOURCES, INC. (ARCH) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-15	Dec-31-14	Dec-31-13
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Powder River Basin				973.2	1,024.2
Other							338.4	385.7
Other				1,478.5	1,300.4		2,601.9	2,633.5
Total revenues	2,208.0	1,467.6	2,294.4	2,451.8	2,324.6	2,579.0	2,940.3	3,019.3
Revenue growth [+]	50.5%	-36.0%	-6.4%	5.5%		-12.3%	-2.6%	-20.0%
Powder River Basin				-5.0%
Other							-12.3%	-14.3%
Cost of goods sold	1,840.9	1,797.7	2,051.5	2,172.6	0.0	2,172.8	2,566.2	2,663.1
Gross profit	367.1	-330.1	242.9	279.1	2,324.6	406.2	374.1	356.1
Gross margin	16.6%	-22.5%	10.6%	11.4%	100.0%	15.8%	12.7%	11.8%
Selling, general and administrative	92.3	82.4	95.8	100.3	88.0	5,438.3	114.2	133.4
Equity in earnings
Other operating expenses	-213.6	-389.7	-174.9	-217.3	2,002.3	-4,661.7	398.5	421.0
Adjusted EBITDA	508.9	-5.4	344.0	413.6	367.2		280.1	252.1
Adjusted EBITDA margin	23.0%	-0.4%	15.0%	16.9%	15.8%		9.5%	8.4%
Stock-based compensation	20.5	17.4	22.0	17.5	10.4		9.8	11.8
EBITDA [+]	488.3	-22.9	322.0	396.1	356.8	-379.3	293.3	258.9
EBITDA growth	-2236.7%	-107.1%	-18.7%	11.0%		-229.3%	13.3%	-68.8%
EBITDA margin	22.1%	-1.6%	14.0%	16.2%	15.3%	-14.7%	10.0%	8.6%
Depreciation and amortization	120.3	121.6	111.6	130.7	122.5	-8.8	418.7	447.7
EBIT [+]	368.0	-144.4	210.4	265.4	234.3	-370.5	-125.4	-188.8
EBIT growth	-354.8%	-168.6%	-20.7%	13.3%		195.4%	-33.6%	-162.1%
EBIT margin	16.7%	-9.8%	9.2%	10.8%	10.1%	-14.4%	-4.3%	-6.3%
Non-recurring items [+]	24.2	196.4	-25.7			2,628.3	24.1	474.3
Asset impairment						2,628.3	24.1	486.3
Loss (gain) on disposal of assets	24.2	-1.5	13.3
Interest expense	24.0	14.4	16.5	20.5	26.9	283.3	390.9	381.3
Interest expense	24.0	14.4	16.5	20.5	26.9	283.3	390.9	381.3
Other income (expense), net [+]	19.6	10.6	14.5	15.1	-4.2	-4.4	7.8	-36.3
Gain (loss) on debt retirement				-0.5	-2.5			-42.9
Other non-operating income	0.6	3.8	9.7	6.8	2.6	4.4
Other	-0.6	-3.8	-9.7	-6.8	-2.6	-4.4	7.8	6.6
Pre-tax income	339.4	-344.6	234.0	260.1	203.2	-3,286.5	-532.7	-1,080.7
Income taxes	1.9	0.0	0.2	-52.5	-35.3	-373.4	25.6	-335.5
Tax rate	0.6%	0.0%	0.1%			11.4%		31.0%
Earnings from continuing ops	337.6	-344.6	233.8	312.6	238.5		-558.4	-1,490.5
Earnings from discontinued ops								103.4
Net income	337.6	-344.6	233.8	312.6	238.5	0.0	-558.4	-1,387.1
Net margin	15.3%	-23.5%	10.2%	12.7%	10.3%	0.0%	-19.0%	-45.9%

Basic EPS [+]	$22.04	($22.74)	$14.42	$15.90	$10.05	$0.00	($26.31)	($70.27)
Growth	-196.9%	-257.8%	-9.3%	58.2%		-100.0%	-62.6%	904.9%
Diluted EPS [+]	$19.20	($22.74)	$13.52	$15.15	$9.84	$0.00	($26.31)	($70.27)
Growth	-184.4%	-268.3%	-10.8%	54.0%		-100.0%	-62.6%	904.9%

Dividends per share [+]	$0.25	$0.50	$1.86	$1.59	$1.03		$0.10	$1.20
Growth	-50.0%	-73.2%	17.2%	54.8%		-100.0%	-91.7%	500.0%

Shares outstanding (basic) [+]	15.3	15.2	16.2	19.7	23.7	21.3	21.2	21.2
Growth	1.1%	-6.6%	-17.5%	-17.1%		0.3%	0.1%	-90.0%
Shares outstanding (diluted) [+]	17.6	15.2	17.3	20.6	24.2	21.3	21.2	21.2
Growth	16.0%	-12.4%	-16.1%	-14.9%		0.3%	0.1%	-90.0%

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