Mandiant, Inc. (MNDT) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	8-K	10-K	10-K	10-K/A
Revenues:
United States	331.3	280.9	230.7	523.2		521.2		439.2
Product and related subscription and support				499.0		479.5
Platform, cloud subscription and managed services	235.1	198.7	163.6	188.4		166.4
Professional services	248.4	201.0	167.8	143.6		133.7
Other								183.8
Total revenues [+]	483.5	399.7	331.4	831.0	831.0	779.6	706.0	623.0
Products								216.6
Services					143.6			406.3
Revenue growth [+]	21.0%	20.6%	-60.1%	6.6%		10.4%	13.3%	46.4%
United States	17.9%	21.8%	-55.9%	0.4%				37.6%
Product and related subscription and support				4.1%
Platform, cloud subscription and managed services	18.3%	21.5%	-13.2%	13.2%
Professional services	23.6%	19.8%	16.9%	7.4%
EMEA	29.6%	5.6%	-64.3%	16.8%				40.3%
Cost of goods sold [+]	254.4	225.5	200.3	272.5	272.5	271.6	271.1	233.2
Cost of product sales								74.5
Cost of services					84.2			158.7
Gross profit	229.1	174.2	131.1	558.5	558.5	508.0	434.9	389.8
Gross margin	47.4%	43.6%	39.6%	67.2%	67.2%	65.2%	61.6%	62.6%
Selling, general and administrative [+]	383.8	330.7	356.5	486.7	486.7	504.8	577.3	618.0
Sales and marketing	262.6	224.4	237.1	381.0	381.0	379.3	437.5	476.2
General and administrative	121.1	106.3	119.4	105.8	105.8	125.5	139.8	141.8
Research and development	166.9	122.0	103.1	254.1		243.3	279.6	279.5
Other operating expenses					254.1
EBITDA [+]	-226.9	-200.2	-247.8	-95.9	-95.9	-136.7	-302.7	-395.7
EBITDA growth	13.3%	-19.2%	158.4%	-29.8%		-54.8%	-23.5%	3.9%
EBITDA margin	-46.9%	-50.1%	-74.8%	-11.5%	-11.5%	-17.5%	-42.9%	-63.5%
Depreciation	50.3	37.0	32.2	36.2	86.5	44.1	55.3	64.9
EBITA	-277.2	-237.3	-280.0	-132.1	-182.4	-180.8	-358.0	-460.6
EBITA margin	-57.3%	-59.4%	-84.5%	-15.9%	-22.0%	-23.2%	-50.7%	-73.9%
Amortization of intangibles	44.4	41.3	48.5	50.3		59.3	64.0	47.1
EBIT [+]	-321.6	-278.6	-328.5	-182.4	-182.4	-240.1	-422.0	-507.7
EBIT growth	15.5%	-15.2%	80.1%	-24.0%		-43.1%	-16.9%	6.9%
EBIT margin	-66.5%	-69.7%	-99.1%	-22.0%	-22.0%	-30.8%	-59.8%	-81.5%
Non-recurring items	34.6	21.1	10.3				27.6
Interest expense, net [+]	53.9	48.7	39.9	40.4		40.4	41.3	24.2
Interest expense	59.3	60.1	61.9	56.4		49.8	47.9	27.1
Interest income	5.4	11.3	22.0	16.0		9.3	6.6	2.9
Other income (expense), net	1.4	-0.5	-1.8	-14.8	-55.2	0.0	-3.2	-3.3
Pre-tax income	-408.7	-348.9	-380.5	-237.6	-237.6	-280.6	-494.2	-535.1
Income taxes	3.4	0.5	-17.5	5.5	5.5	4.6	-8.7	4.1
Tax rate			4.6%				1.8%
Net income	897.7	-213.0	-257.4	-243.1	-243.1	-285.2	-485.4	-539.2
Net margin	185.7%	-53.3%	-77.7%	-29.3%	-29.3%	-36.6%	-68.8%	-86.6%

Basic EPS [+]	$3.80	($0.95)	($1.24)	($1.27)	($1.27)	($1.60)	($2.97)	($3.50)
Growth	-498.2%	-23.2%	-2.5%	-20.6%		-46.1%	-15.0%	12.1%
Diluted EPS [+]	$3.80	($0.95)	($1.24)	($1.27)	($1.27)	($1.60)	($2.97)	($3.50)
Growth	-498.2%	-23.2%	-2.5%	-20.6%		-46.1%	-15.0%	12.1%

Shares outstanding (basic) [+]	236.4	223.3	207.2	190.8	191.4	177.8	163.2	154.1
Growth	5.8%	7.8%	8.6%	7.3%		8.9%	5.9%	8.4%
Shares outstanding (diluted) [+]	236.4	223.3	207.2	190.8	191.4	177.8	163.2	154.1
Growth	5.8%	7.8%	8.6%	7.3%		8.9%	5.9%	8.4%

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