OVERSTOCK.COM, INC (OSTK) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	1,929.3	2,756.4	2,493.9	1,435.0	1,821.6	1,744.8	1,800.0	1,657.8
Revenue growth	-30.0%	10.5%	73.8%	-21.2%	4.4%	-3.1%	8.6%	10.7%
Cost of goods sold	1,486.0	2,132.5	1,922.6	1,147.0	1,467.7	1,404.2	1,468.6	1,353.2
Gross profit	443.3	623.9	571.4	287.9	353.9	340.6	331.3	304.7
Gross margin	23.0%	22.6%	22.9%	20.1%	19.4%	19.5%	18.4%	18.4%
Sales and marketing	215.5	302.4	260.7	140.6	274.5	180.6	147.9	124.5
Research and development	121.2	123.0	116.2	113.0	132.2	115.9	106.8	98.5
General and administrative	79.7	87.4	97.7	96.7	164.5	90.7	89.3	82.2
EBITA	27.0	111.1	96.7	-62.4	-217.2	-42.6	-8.6	1.0
EBITA margin	1.4%	4.0%	3.9%	-4.3%	-11.9%	-2.4%	-0.5%	0.1%
Amortization of intangibles						4.0	4.0	1.6
EBIT	27.0	111.1	96.7	-62.4	-217.2	-46.6	-12.6	-0.5
EBIT margin	1.4%	4.0%	3.9%	-4.3%	-11.9%	-2.7%	-0.7%	0.0%
Pre-tax income	-33.9	123.0	96.5	-61.8	-220.0	-47.7	20.5	3.1
Income taxes	1.4	-48.8	1.4	1.1	-2.4	64.2	9.3	1.9
Tax rate			1.4%		1.1%		45.3%	60.8%
Earnings from continuing ops	-35.2	171.8	95.1	-62.9	-206.1	-109.9	12.5	2.4
Earnings from discontinued ops		217.2	-49.0	-71.8
Net income	-35.2	389.0	46.2	-134.7	-206.1	-109.9	12.5	2.4
Net margin	-1.8%	14.1%	1.9%	-9.4%	-11.3%	-6.3%	0.7%	0.1%

Diluted EPS	($0.79)	$3.96	$2.29	($1.80)	($6.87)	($4.39)	$0.49	$0.10
Shares outstanding (diluted)	44.3	43.3	41.6	34.9	30.0	25.0	25.4	24.7

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