CARBO CERAMICS INC (CRR) [Rocket]

In millions, except per share items	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States	118.6	171.2		67.6	199.2	491.0	529.6	500.1
Outside United States	43.7	40.0	30.9	35.0	81.1	155.6	140.2
Other international	40.6	33.5		28.0	46.8	84.2	94.5	114.5
Canada	2.5	6.1		7.5	33.6	73.1	43.3	30.9
Other			116.2
Total revenues	161.7	210.7	147.0	103.1	279.6	648.3	667.4	645.5
Revenue growth [+]	-23.3%	43.3%	42.7%	-63.1%	-56.9%	-2.9%	3.4%	3.2%
United States	-30.7%			-66.1%	-59.4%	-7.3%	5.9%	0.9%
Outside United States	9.0%	29.7%	-11.9%	-56.8%	-47.9%	11.0%
Other international	21.3%			-40.2%	-44.5%	-10.8%	-17.5%	19.4%
Canada	-59.3%			-77.8%	-54.0%	68.7%	40.1%	-9.0%
Cost of goods sold [+]	166.0	201.2	200.4	188.1	335.7	467.0	474.4	422.0
Depreciation and amortization	29.2	32.3	41.7
Gross profit	-4.2	9.6	-53.3	-85.0	-56.1	181.3	193.0	223.5
Gross margin	-2.6%	4.5%	-36.3%	-82.5%	-20.1%	28.0%	28.9%	34.6%
Selling, general and administrative	39.2	39.2	40.0	40.0	62.2	72.5	68.4	64.0
Other operating expenses	254.1	34.6	152.5	0.0	0.8	0.8		0.1
EBITDA [+]	-268.3	-32.0	-204.1	-76.6	-64.7	158.8	172.0	204.3
EBITDA growth	739.3%	-84.3%	166.6%	18.4%	-140.7%	-7.7%	-15.8%	-13.1%
EBITDA margin	-165.9%	-15.2%	-138.8%	-74.3%	-23.1%	24.5%	25.8%	31.6%
Depreciation	30.0	33.7	43.4	47.5	53.2	49.5	46.3	43.7
EBITA	-298.3	-65.7	-247.5	-124.1	-117.9	109.2	125.7	160.6
EBITA margin	-184.5%	-31.2%	-168.3%	-120.4%	-42.2%	16.9%	18.8%	24.9%
Amortization of intangibles	0.7	0.9	0.9	0.9	1.2	1.3	1.2	1.2
EBIT [+]	-299.0	-66.6	-248.4	-125.0	-119.1	107.9	124.5	159.4
EBIT growth	349.2%	-73.2%	98.7%	4.9%	-210.4%	-13.3%	-21.9%	-20.0%
EBIT margin	-184.9%	-31.6%	-168.9%	-121.3%	-42.6%	16.6%	18.7%	24.7%
Non-recurring items [+]				0.9	44.1	15.1	0.0	0.5
Asset impairment				0.9	44.1	15.1	0.0	0.5
Interest expense, net [+]	7.8	8.5	7.7	5.4	0.5	-0.6	-0.8	-0.1
Interest expense	7.8	8.5	7.7	5.4	0.5
Interest income						0.6	0.8	0.1
Other income (expense), net [+]	0.5	0.5	0.9	0.1	0.0	-0.6	-0.2	-0.4
Gain (loss) on foreign currency transactions							0.0	-0.1
Other	0.5	0.5	0.9	0.0	-0.1	-0.3	-0.2	-0.3
Pre-tax income	-306.4	-74.5	-255.1	-131.2	-163.7	92.9	125.2	158.6
Income taxes	-2.2	0.9	-2.0	-51.1	-54.2	37.3	40.3	52.7
Tax rate	0.7%		0.8%	38.9%	33.1%	40.1%	32.2%	33.2%
Net income	-304.2	-75.4	-253.1	-80.1	-109.5	55.6	84.9	105.9
Net margin	-188.1%	-35.8%	-172.2%	-77.8%	-39.2%	8.6%	12.7%	16.4%

Basic EPS [+]	($10.73)	($2.79)	($9.49)	($3.29)	($4.76)	$2.42	$3.70	$4.61
Growth	284.4%	-70.6%	188.8%	-31.0%	-296.6%	-34.5%	-19.8%	-18.4%
Diluted EPS [+]	($10.73)	($2.79)	($9.49)	($3.29)	($4.76)	$2.42	$3.70	$4.61
Growth	284.4%	-70.6%	188.8%	-31.0%	-296.6%	-34.5%	-19.8%	-18.4%

Dividends per share [+]					$0.63	$1.27	$1.15	$1.03
Growth				-100.0%	-50.4%	10.6%	11.9%	15.9%

Shares outstanding (basic) [+]	28.3	27.0	26.7	24.4	23.0	22.9	23.0	23.0
Growth	4.9%	1.3%	9.4%	6.0%	0.2%	0.0%	-0.1%	-0.2%
Shares outstanding (diluted) [+]	28.3	27.0	26.7	24.4	23.0	22.9	23.0	23.0
Growth	4.9%	1.3%	9.4%	6.0%	0.2%	0.0%	-0.1%	-0.2%

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