Novelis Inc. (NVL) [Rocket]

In millions, except per share items	Mar-31-23	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-05-19	Mar-31-18	Mar-31-17
	10-K	10-K	10-K	10-K	10-K	8-K	10-K	10-K
Revenues:
North America							3,951	3,228
Europe							3,447	2,968
Asia							2,110	1,791
South America	2,893	2,638	1,798	1,904	2,091		1,931	1,510
Other	15,593	14,511	10,478	9,313	10,235		23	94
Total revenues	18,486	17,149	12,276	11,217	12,326	12,326	11,462	9,591
Revenue growth [+]	7.8%	39.7%	9.4%	-9.0%	7.5%		19.5%	-2.8%
North America							22.4%	-1.2%
Europe							16.1%	-7.9%
Asia							17.8%	-10.1%
South America	9.7%	46.7%	-5.6%	-8.9%	8.3%		27.9%	-4.1%
Cost of goods sold	16,333	14,576	10,363	9,570	10,731	0	9,689	7,992
Gross profit	2,153	2,573	1,913	1,647	1,595	12,326	1,773	1,599
Gross margin	11.6%	15.0%	15.6%	14.7%	12.9%	100.0%	15.5%	16.7%
Selling, general and administrative	679	631	551	498	502	502	466	396
Research and development	95	92	83	84	72	72	64	58
Equity in earnings	16	8	1	-2	3		-1	-8
Other operating expenses	-337	-94	-355	-197	-309	11,070	11	266
EBITDA [+]	1,732	1,952	1,635	1,260	1,333	1,032	1,231	871
EBITDA growth	-11.3%	19.4%	29.8%	-5.5%	8.3%		41.3%	31.0%
EBITDA margin	9.4%	11.4%	13.3%	11.2%	10.8%	8.4%	10.7%	9.1%
Depreciation and amortization	540	550	543	361	350	350	354	360
EBIT [+]	1,192	1,402	1,092	899	983	682	877	511
EBIT growth	-15.0%	28.4%	21.5%	-8.5%	12.1%		71.6%	63.8%
EBIT margin	6.4%	8.2%	8.9%	8.0%	8.0%	5.5%	7.7%	5.3%
Non-recurring items	33	1	40	106	35	2	34	10
Interest expense	274	227	267	248	268		255	294
Interest expense	274	227	267	248	268		255	294
Other income (expense), net [+]	-79	125	-89	53	-44	-44	267	-10
Gain (loss) on sale of assets								2
Gain (loss) on sale of business							318	-27
Gain (loss) on debt retirement		-64	-14	-71				-134
Other	-79	61	-103	-18	-44	-44	-51	-117
Pre-tax income	806	1,299	696	598	636	636	855	197
Income taxes	147	281	238	178	202	202	233	151
Tax rate	18.2%	21.6%	34.2%	29.8%	31.8%	31.8%	27.3%	76.6%
Minority interest	-1	1	1				-13	1
Earnings from continuing ops	660	1,017	457	420	434	434	635	45
Earnings from discontinued ops	-2	-63	-221
Net income	658	954	236	420	434	434	635	45
Net margin	3.6%	5.6%	1.9%	3.7%	3.5%	3.5%	5.5%	0.5%

Basic EPS
Diluted EPS

Shares outstanding (basic)
Shares outstanding (diluted)

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