KBR, INC. (KBR) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Non-strategic Business		4	1	2	38	210	655	791
Other		5,763	5,638	4,911	4,133	4,058	4,441	5,575
Total revenues [+]	7,339	5,767	5,639	4,913	4,171	4,268	5,096	6,366
Contracts							5,096
Revenue growth [+]	27.3%	2.3%	14.8%	17.8%	-2.3%	-16.2%	-19.9%	-11.8%
Non-strategic Business		300.0%	-50.0%	-94.7%	-81.9%	-67.9%	-17.2%	-20.7%
Cost of goods sold	6,533	5,101	4,986	4,329	3,732	4,156	4,771	6,431
Gross profit	806	666	653	584	439	112	325	-65
Gross margin	11.0%	11.5%	11.6%	11.9%	10.5%	2.6%	6.4%	-1.0%
Selling, general and administrative [+]	393	335	341	294	244	133	155	239
General and administrative						133	155	239
Equity in earnings		30	35	79	70	91	149
Other operating expenses	170	-21	-33	-180	-70	-101	-84	-238
EBITDA [+]	389	467	449	533	313	125	293	6
EBITDA growth	-16.7%	4.0%	-15.8%	70.3%	150.4%	-57.3%	4783.3%	-98.4%
EBITDA margin	5.3%	8.1%	8.0%	10.8%	7.5%	2.9%	5.7%	0.1%
Depreciation and amortization	146	115	104	63	48	45	39	72
EBIT [+]	243	352	345	470	265	80	254	-66
EBIT growth	-31.0%	2.0%	-26.6%	77.4%	231.3%	-68.5%	-484.8%	-121.3%
EBIT margin	3.3%	6.1%	6.1%	9.6%	6.4%	1.9%	5.0%	-1.0%
Non-recurring items [+]	12	295	-17	2	1	52		286
Asset impairment		99						293
Loss (gain) on sale of assets		-18	-17	2	-5	-7	-61	-7
Loss (gain) on disposal of assets							61
Interest expense		83	99	66	21	13	11
Interest expense		83	99	66	21	13	11
Other income (expense), net [+]	-97	1	5	-6	4	18	69	-425
Other	5	1	5	-6	4	18	13	17
Pre-tax income	134	-25	268	396	247	33	312	-777
Income taxes	-108	26	59	86	-193	84	86	421
Tax rate			22.0%	21.7%		254.5%	27.6%
Minority interest		21	7	29	8	10	23	64
Net income	0	-72	202	281	432	-61	203	-1,262
Net margin	0.0%	-1.2%	3.6%	5.7%	10.4%	-1.4%	4.0%	-19.8%

Basic EPS [+]		($0.51)	$1.43	$2.01	$3.06	($0.43)	$1.41	($8.64)
Growth		-135.4%	-28.6%	-34.5%	-813.2%	-130.5%	-116.3%	-1805.7%
Diluted EPS [+]		($0.51)	$1.42	$1.99	$3.06	($0.43)	$1.41	($8.64)
Growth		-135.6%	-28.6%	-35.0%	-813.2%	-130.5%	-116.3%	-1817.2%

Dividends per share [+]		$0.40	$0.32	$0.32	$0.32	$0.32	$0.32	$0.32
Growth	-100.0%	25.0%	0.0%	0.0%	0.0%	0.0%	0.0%	33.3%

Shares outstanding (basic) [+]		142	141	140	141	142	144	146
Growth		0.7%	0.7%	-0.7%	-0.7%	-1.4%	-1.4%	-1.4%
Shares outstanding (diluted) [+]		142	142	141	141	142	144	146
Growth		0.0%	0.7%	0.0%	-0.7%	-1.4%	-1.4%	-2.0%

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