Carbonite Inc (CARB) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States	249.2	209.2
Non-US	47.2	30.3
Total revenues [+]	296.4	239.5	207.0	136.6	122.6	107.2	84.0	60.5
Products	33.3	32.1	20.9
Services	263.1	207.4	186.1		122.6	107.2	84.0	60.5
Revenue growth [+]	23.8%	15.7%	51.5%	11.4%	14.4%	27.5%	38.9%	56.9%
United States	19.1%
Non-US	55.7%
Cost of goods sold [+]	85.4	70.1	60.9	38.8	38.6	34.9	29.1	23.2
Cost of product sales	1.7	2.7	2.8
Cost of services	68.0	59.2	55.5
Gross profit	211.0	169.4	146.0	97.8	84.1	72.3	55.0	37.3
Gross margin	71.2%	70.7%	70.6%	71.6%	68.5%	67.5%	65.4%	61.7%
Selling, general and administrative [+]	136.2	132.2	113.4	90.9	67.7	61.6	52.6	44.4
Sales and marketing	85.6	89.3	72.4	53.7	49.9	47.3	42.7	37.7
General and administrative	50.5	42.9	41.1	37.3	17.9	14.3	9.9	6.6
Research and development	57.5	46.2	33.3	28.1	24.1	20.9	19.9	16.5
Other operating expenses	12.4	2.1	1.2		-0.4
EBITDA [+]	46.7	10.7	13.9	-7.6	5.0	2.4	-6.8	-15.7
EBITDA growth	336.1%	-23.2%	-284.5%	-249.7%	113.8%	-134.8%	-56.7%	-24.7%
EBITDA margin	15.8%	4.5%	6.7%	-5.5%	4.1%	2.2%	-8.1%	-25.9%
Depreciation	13.7	11.4	12.0	11.6	11.6	11.7	10.5	7.7
EBITA	33.0	-0.7	2.0	-19.2	-6.5	-9.3	-17.3	-23.4
EBITA margin	11.1%	-0.3%	1.0%	-14.0%	-5.3%	-8.7%	-20.6%	-38.6%
Amortization of intangibles	28.1	10.3	3.9	2.0	0.9	0.9	0.3	0.2
EBIT [+]	4.9	-11.0	-1.9	-21.2	-7.4	-10.2	-17.6	-23.6
EBIT growth	-144.8%	471.5%	-90.9%	185.5%	-27.4%	-41.8%	-25.3%	-9.0%
EBIT margin	1.7%	-4.6%	-0.9%	-15.5%	-6.1%	-9.5%	-20.9%	-38.9%
Non-recurring items	1.3	1.0	0.9	0.5	1.2	0.3	1.3
Interest expense, net [+]	9.7	6.9	0.1	0.0
Interest expense	11.6	7.4	0.1
Interest income	1.9	0.6	0.0	0.0
Other income (expense), net	0.2	1.3	0.2	0.1	-0.4	0.0	0.0	0.0
Pre-tax income	-5.8	-17.7	-2.7	-21.5	-9.0	-10.6	-18.9	-23.5
Income taxes	-13.3	-13.7	1.4	0.1	0.4	0.1	0.0	0.0
Tax rate	230.7%	77.4%
Net income	7.6	-4.0	-4.1	-21.6	-9.4	-10.6	-18.9	-23.7
Net margin	2.6%	-1.7%	-2.0%	-15.8%	-7.6%	-9.9%	-22.5%	-39.1%

Basic EPS [+]	$0.24	($0.14)	($0.15)	($0.80)	($0.35)	($0.41)	($0.74)	($1.84)
Growth	-269.1%	-5.0%	-80.9%	128.0%	-14.0%	-45.4%	-59.7%	-68.8%
Diluted EPS [+]	$0.22	($0.14)	($0.15)	($0.80)	($0.35)	($0.41)	($0.74)	($1.84)
Growth	-255.9%	-5.0%	-80.9%	128.0%	-14.0%	-45.4%	-59.7%	-68.8%

Shares outstanding (basic) [+]	31.0	27.8	27.0	27.2	26.8	26.2	25.5	12.8
Growth	11.7%	2.8%	-0.6%	1.4%	2.5%	2.6%	98.6%	191.9%
Shares outstanding (diluted) [+]	33.7	27.8	27.0	27.2	26.8	26.2	25.5	12.8
Growth	21.2%	2.8%	-0.6%	1.4%	2.5%	2.6%	98.6%	191.9%

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