MCCLATCHY CO (MNIQQ) [Rocket]

In millions, except per share items	Dec-29-19	Dec-30-18	Dec-31-17	Dec-25-16	Dec-27-15	Dec-28-14	Dec-29-13	Dec-30-12
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues [+]	709.5	807.2	903.6	977.1	1,056.6	1,146.6	1,214.8	1,279.8
Subscription				364.8	367.9	366.6	346.3	334.6
Advertising				568.7	637.4	731.8	822.1	895.6
Other				43.5	51.3	48.2	46.4	49.6
Revenue growth	-12.1%	-10.7%	-7.5%	-7.5%	-7.8%	-5.6%	-5.1%	-5.3%
Cost of goods sold [+]	251.7	298.0	338.6	447.8	481.2	526.7	543.5	572.3
Labor costs				368.9	385.5	411.9	423.0	434.1
Other cost of sales							46.4
Direct materials costs				78.9	95.7	114.8	120.6	138.2
Gross profit	457.8	509.2	565.0	529.3	575.4	619.9	671.3	707.6
Gross margin	64.5%	63.1%	62.5%	54.2%	54.5%	54.1%	55.3%	55.3%
Selling, general and administrative	1,021.6	830.2	861.4	939.8	1,291.9	113.6	121.6	124.3
Equity in earnings	-1.0	0.6	-1.7	13.4	10.1	19.1	42.7	31.9
Other operating expenses	-633.4	-411.5	-440.2	-546.4	-582.7	302.0	290.1	278.9
EBITDA [+]	68.6	91.2	142.1	149.3	-123.7	223.3	302.3	336.3
EBITDA growth	-24.8%	-35.8%	-4.9%	-220.7%	-155.4%	-26.2%	-10.1%	-4.9%
EBITDA margin	9.7%	11.3%	15.7%	15.3%	-11.7%	19.5%	24.9%	26.3%
Depreciation	21.9	28.6	30.8	41.5	53.2	60.7	64.4	66.2
EBITA	46.7	62.6	111.2	107.9	-176.9	162.5	238.0	270.0
EBITA margin	6.6%	7.8%	12.3%	11.0%	-16.7%	14.2%	19.6%	21.1%
Amortization of intangibles	24.2	47.7	49.3	48.0	48.4	52.9	57.2	58.1
EBIT [+]	22.5	14.9	62.0	59.9	-225.3	109.6	180.8	211.9
EBIT growth	51.1%	-75.9%	3.4%	-126.6%	-305.5%	-39.4%	-14.7%	-8.6%
EBIT margin	3.2%	1.8%	6.9%	6.1%	-21.3%	9.6%	14.9%	16.6%
Non-recurring items [+]	335.7	37.3	21.5	9.2		8.2	17.2
Asset impairment	335.7	37.3	21.5	9.2		8.2	17.2
Loss (gain) on sale of assets							12.9
Interest expense, net [+]	79.0	81.4	80.9	82.7	85.6	127.2	135.3	151.2
Interest expense	79.0	81.4	81.5	83.2	86.0	127.5	135.4	151.3
Interest income			0.6	0.5	0.3	0.3	0.1	0.1
Other income (expense), net [+]	-25.3	21.8	-186.4	-15.3	-1.0	633.0	-0.2	-88.4
Impairment of equity method investments				-0.9
Asset impairment charges			23.4	9.5	304.8
Impairment of investments			-170.0
Gain (loss) on sale of assets					8.1	705.2	12.9
Gain (loss) on investments		1.7
Gain (loss) on debt retirement	-2.3	30.6	-2.7	0.4	1.2	-72.8	-13.6	-88.4
Other	0.7	0.6	-0.3	0.0	-0.3	0.6	0.5	0.1
Pre-tax income	-417.4	-81.9	-226.9	-47.3	-312.0	607.2	28.1	-27.7
Income taxes	-6.3	-2.2	105.5	-13.1	-11.8	231.2	11.7	-23.7
Tax rate	1.5%	2.6%		27.6%	3.8%	38.1%	41.5%	85.7%
Net income	-411.1	-79.8	-332.4	-34.2	-300.2	374.0	18.8	-0.1
Net margin	-57.9%	-9.9%	-36.8%	-3.5%	-28.4%	32.6%	1.5%	0.0%

Basic EPS [+]	($51.97)	($10.27)	($43.55)	($4.41)	($34.66)	$43.32	$0.19	($0.05)
Growth	406.1%	-76.4%	887.0%	-87.3%	-180.0%	22606.3%	-512.4%	-107.2%
Diluted EPS [+]	($51.97)	($10.27)	($43.55)	($4.41)	($34.66)	$42.55	$0.19	($0.05)
Growth	406.1%	-76.4%	887.0%	-87.3%	-181.5%	22447.4%	-508.0%	-107.3%


Shares outstanding (basic) [+]	7.9	7.8	7.6	7.8	8.7	8.7	86.2	85.7
Growth	1.8%	1.8%	-1.5%	-10.5%	-0.2%	-89.9%	0.5%	0.6%
Shares outstanding (diluted) [+]	7.9	7.8	7.6	7.8	8.7	8.8	87.1	85.7
Growth	1.8%	1.8%	-1.5%	-10.5%	-2.0%	-89.9%	1.6%	-0.3%

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