HISTORIC LIFEPOINT HOSPITALS, INC (LPNT) [Rocket]

In millions, except per share items	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01	Dec-31-00
	10-K	10-K	10-K	10-K	10-K
Revenues	996.9	875.6	714.9	619.4	557.1
Revenue growth	13.9%	22.5%	15.4%	11.2%
Cost of goods sold	528.5	466.5	368.7	321.4	291.2
Gross profit	468.4	409.1	346.2	298.0	265.9
Gross margin	47.0%	46.7%	48.4%	48.1%	47.7%
Selling, general and administrative	48.1	43.1	35.0	34.7	34.1
Other operating expenses	263.4	237.1	191.3	179.2	168.0
EBITDA [+]	205.0	172.0	154.9	118.8	97.9
EBITDA growth	19.2%	11.0%	30.4%	21.3%
EBITDA margin	20.6%	19.6%	21.7%	19.2%	17.6%
Depreciation and amortization	48.1	43.1	35.0	34.7	34.1
EBIT [+]	156.9	128.9	119.9	84.1	63.8
EBIT growth	21.7%	7.5%	42.6%	31.8%
EBIT margin	15.7%	14.7%	16.8%	13.6%	11.5%
Interest expense	12.6	12.8	13.3	18.1	30.7
Interest expense	12.6	12.8	13.3	18.1	30.7
Other income (expense), net	-1.5		-31.0	-2.6
Pre-tax income	142.8	116.1	75.6	63.4	33.1
Income taxes	56.0	45.9	32.7	30.1	15.2
Tax rate	39.2%	39.5%	43.3%	47.5%	45.9%
Minority interest	1.0	0.7	2.2	2.7	2.2
Earnings from continuing ops	86.8	70.2	42.9	33.3	17.9
Earnings from discontinued ops	-1.1	-1.7	-1.4		0.0
Net income	85.7	68.5	41.5	33.3	17.9
Net margin	8.6%	7.8%	5.8%	5.4%	3.2%

Basic EPS [+]	$2.34	$1.89	$1.15	$0.93	$0.54
Growth	24.1%	64.3%	23.4%	72.2%
Diluted EPS [+]	$2.20	$1.80	$1.11	$0.90	$0.54
Growth	21.9%	63.1%	22.9%	66.7%

Shares outstanding (basic) [+]	37.1	37.2	37.4	35.8	33.1
Growth	-0.3%	-0.4%	4.4%	8.0%
Shares outstanding (diluted) [+]	39.5	38.9	38.8	37.0	33.1
Growth	1.5%	0.3%	4.8%	11.6%

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