Western Union CO (WU) [Rocket]

In millions, except per share items	Dec-31-22	Dec-05-22	Dec-31-21	Dec-05-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	8-K	10-K	8-K	10-K	10-K	10-K	10-K
Revenues:
Consumer-to-Consumer	3,993.5		4,394.0		4,220.0	4,407.8	4,453.6	4,354.5
Other	285.1		255.0		258.9	495.5	749.5	785.9
Business Solutions	196.9		421.8		356.1	388.8	386.8	383.9
Total revenues	4,254.0	4,475.5	4,865.5	5,070.8	4,625.1	5,033.2	5,382.6	5,524.3
Revenue growth [+]	-12.6%	-11.7%	5.2%		-8.1%	-6.5%	-2.6%	1.9%
Consumer-to-Consumer	-9.1%		4.1%		-4.3%	-1.0%	2.3%	1.2%
Other	11.8%		-1.5%		-47.7%	-33.9%	-4.6%	8.8%
Business Solutions	-53.3%		18.4%		-8.4%	0.5%	0.8%	-3.1%
Cost of goods sold	2,626.4	2,626.4	2,896.4	2,896.4	2,826.5	3,086.5	3,300.8	3,353.0
Gross profit	1,627.6	1,849.1	1,969.1	2,174.4	1,798.6	1,946.7	2,081.8	2,171.3
Gross margin	38.3%	41.3%	40.5%	42.9%	38.9%	38.7%	38.7%	39.3%
Selling, general and administrative	964.2	964.2	1,051.3	1,051.3	1,041.2	1,271.6	1,167.0	1,231.5
Other operating expenses	-469.8		-95.5		-209.9	-783.5	-207.3
EBITDA [+]	1,317.0	1,209.8	1,221.5	1,489.9	1,192.9	1,716.3	1,386.8	1,202.7
EBITDA growth	7.8%	-18.8%	2.4%		-30.5%	23.8%	15.3%	60.3%
EBITDA margin	31.0%	27.0%	25.1%	29.4%	25.8%	34.1%	25.8%	21.8%
Depreciation	42.7	183.8	49.6	208.2	61.3	79.6	76.9	77.1
EBITA	1,274.3	1,026.0	1,171.9	1,281.7	1,131.6	1,636.7	1,309.9	1,125.6
EBITA margin	30.0%	22.9%	24.1%	25.3%	24.5%	32.5%	24.3%	20.4%
Amortization of intangibles	141.1	141.1	158.6	158.6	164.3	178.1	187.8	185.8
EBIT [+]	1,133.2	884.9	1,013.3	1,123.1	967.3	1,458.6	1,122.1	939.8
EBIT growth	11.8%	-21.2%	4.8%		-33.7%	30.0%	19.4%	93.0%
EBIT margin	26.6%	19.8%	20.8%	22.1%	20.9%	29.0%	20.8%	17.0%
Non-recurring items [+]	248.3		-109.8			524.6		464.0
Asset impairment								464.0
Loss (gain) on disposal of assets	248.3					524.6
Pension curtailments and settlements			-109.8
Interest expense, net [+]	87.1	87.1	104.1	104.1	115.3	145.7	144.8	137.2
Interest expense	101.0	101.0	105.5	105.5	118.5	152.0	149.6	142.1
Interest income	13.9	13.9	1.4	1.4	3.2	6.3	4.8	4.9
Other income (expense), net [+]	210.8	210.8	-83.6	-83.6	3.1	533.1	14.1	8.9
Gain (loss) on sale of assets			47.9
Other	-37.5	37.5	-21.7	21.7	3.1	8.5	14.1	8.9
Pre-tax income	1,008.6	1,008.6	935.4	935.4	855.1	1,321.4	991.4	347.5
Income taxes	98.0	98.0	129.6	129.6	110.8	263.1	139.5	904.6
Tax rate	9.7%	9.7%	13.9%	13.9%	13.0%	19.9%	14.1%	260.3%
Net income	910.6	910.6	805.8	805.8	744.3	1,058.3	851.9	-557.1
Net margin	21.4%	20.3%	16.6%	15.9%	16.1%	21.0%	15.8%	-10.1%

Basic EPS [+]	$2.35	$2.35	$1.98	$1.98	$1.81	$2.47	$1.89	($1.19)
Growth	18.7%	18.7%	9.7%		-27.1%	31.3%	-258.4%	-330.5%
Diluted EPS [+]	$2.34	$2.34	$1.97	$1.97	$1.79	$2.46	$1.87	($1.19)
Growth	19.0%	19.0%	9.9%		-27.0%	31.0%	-257.5%	-332.1%

Dividends per share [+]	$0.94		$0.94		$0.90	$0.80	$0.76	$0.70
Growth	0.0%		4.4%		12.5%	5.3%	9.2%	8.7%

Shares outstanding (basic) [+]	387.2	387.2	406.8	406.8	412.3	427.6	451.8	467.9
Growth	-4.8%	-4.8%	-1.3%		-3.6%	-5.4%	-3.4%	-4.5%
Shares outstanding (diluted) [+]	388.4	388.4	408.9	408.9	415.2	430.9	454.4	467.9
Growth	-5.0%	-5.0%	-1.5%		-3.6%	-5.2%	-2.9%	-5.2%

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