INTERNATIONAL SPEEDWAY CORP (ISCA) [Rocket]

In millions, except per share items	Nov-30-18	Nov-30-17	Nov-30-16	Nov-30-15	Nov-30-14	Nov-30-13	Nov-30-12	Nov-30-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Motorsports Events	635.3	639.6	630.2	607.5	610.0	589.4	585.1	599.6
Other	41.8	33.8	33.0	40.0	44.0	25.6	29.3	32.5
Eliminations	2.0	2.0	2.2	2.1	2.0	2.4	2.1	2.4
Total revenues [+]	675.0	671.4	661.0	645.4	651.9	612.6	612.4	629.7
Food & beverage				47.3	72.9	44.0	46.0	47.9
Admissions				130.2	129.7	129.8	136.1	144.4
Events				451.8	433.7	425.5
Other				16.1	15.6	13.2	13.6	11.7
Revenue growth [+]	0.5%	1.6%	2.4%	-1.0%	6.4%	0.0%	-2.8%	-2.4%
Motorsports Events	-0.7%	1.5%	3.7%	-0.4%	3.5%	0.7%	-2.4%	-2.0%
Other	23.7%	2.6%	-17.6%	-9.1%	71.7%	-12.7%	-9.7%	-9.5%
Eliminations	0.0%	-9.1%	4.8%	5.0%	-16.7%	14.3%	-12.5%	4.3%
Cost of goods sold [+]	6.4	1.6	0.5	338.8	349.5	318.4	35.6	36.7
Food and beverage costs				38.5	58.3	33.2
Other cost of sales				131.1	128.2	125.9
Other direct costs				1.4
Gross profit	668.6	669.9	660.5	306.5	302.5	294.2	576.7	592.9
Gross margin	99.0%	99.8%	99.9%	47.5%	46.4%	48.0%	94.2%	94.2%
Selling, general and administrative [+]	106.6	111.3	110.3	110.2	108.6	104.9	103.0	98.8
General and administrative	106.6	111.3	110.3	110.2	108.6	104.9	103.0	98.8
Equity in earnings	21.8	19.1	14.9	14.1	8.9	9.4	2.8	-4.2
Other operating expenses	357.6	342.1	335.3				279.7	279.4
EBITDA [+]	226.2	235.6	229.8	210.4	202.8	198.7	196.8	210.5
EBITDA growth	-4.0%	2.5%	9.2%	3.7%	2.1%	1.0%	-6.5%	3.4%
EBITDA margin	33.5%	35.1%	34.8%	32.6%	31.1%	32.4%	32.1%	33.4%
Depreciation	106.8	109.7	102.2	94.7	90.4	94.0	77.9	76.9
EBITA	119.4	125.8	127.6	115.7	112.5	104.7	118.9	133.7
EBITA margin	17.7%	18.7%	19.3%	17.9%	17.2%	17.1%	19.4%	21.2%
Amortization of intangibles	0.0
EBIT [+]	119.4	125.8	127.6	115.7	112.5	104.7	118.9	133.7
EBIT growth	-5.1%	-1.4%	10.4%	2.8%	7.4%	-11.9%	-11.0%	3.5%
EBIT margin	17.7%	18.7%	19.3%	17.9%	17.2%	17.1%	19.4%	21.2%
Non-recurring items [+]	4.5	10.6	2.9	16.0	10.1	16.6	11.1	4.7
Asset impairment	4.5	10.6	2.9	16.0	10.1	16.6	11.1	4.7
Interest expense, net [+]	7.7	10.4	13.6	9.4	7.1	15.1	13.4	14.6
Interest expense	10.9	11.6	13.8	9.6	9.2	15.2	13.5	14.7
Interest income	3.1	1.2	0.3	0.2	2.1	0.1	0.1	0.1
Other income (expense), net [+]	0.0	0.3	12.9	0.7	5.4	0.1	-8.1
Gain (loss) on debt retirement							-9.1
Other non-operating income	0.0	0.3	12.9	0.7	5.4	0.1	1.0
Other	0.0	-0.3	-12.9	-0.7	5.4	0.1	1.0
Pre-tax income	107.3	105.2	124.1	90.9	100.6	73.1	86.2	114.4
Income taxes	-118.0	-5.6	47.7	34.3	33.2	27.8	31.7	45.0
Tax rate			38.5%	37.7%	33.0%	38.0%	36.7%	39.3%
Net income	225.3	110.8	76.3	56.6	67.4	45.3	54.6	69.4
Net margin	33.4%	16.5%	11.5%	8.8%	10.3%	7.4%	8.9%	11.0%

Basic EPS [+]	$5.11	$2.48	$1.66	$1.21	$1.45	$0.97	$1.18	$1.46
Growth	106.0%	49.5%	36.7%	-16.1%	48.5%	-17.2%	-19.3%	28.9%
Diluted EPS [+]	$5.11	$2.48	$1.66	$1.21	$1.45	$0.97	$1.18	$1.46
Growth	106.0%	49.5%	36.7%	-16.1%	48.5%	-17.2%	-19.3%	28.9%

Dividends per share [+]	$0.47	$0.43	$0.41	$0.26	$0.24	$0.22	$0.20	$0.18
Growth	9.3%	4.9%	57.7%	8.3%	9.1%	10.0%	11.1%	12.5%

Shares outstanding (basic) [+]	44.1	44.6	46.0	46.6	46.6	46.5	46.4	47.6
Growth	-1.3%	-2.9%	-1.4%	0.1%	0.2%	0.2%	-2.6%	-1.3%
Shares outstanding (diluted) [+]	44.1	44.7	46.0	46.6	46.6	46.5	46.4	47.6
Growth	-1.3%	-2.9%	-1.4%	0.1%	0.2%	0.2%	-2.6%	-1.3%

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