FTI CONSULTING, INC (FCN) [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
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Corporate Finance & Restructuring						482.0	483.3	440.4
Economic Consulting	695.2	697.4	599.1	592.5	534.0	496.0	500.5	447.9
Forensic and Litigation Consulting						462.3	457.7	482.3
Strategic Communications	286.7	267.6	228.7	243.1	223.3	192.5	191.2	190.0
Other	2,047.0	1,811.2	1,633.5	1,517.1	1,270.6	174.9	177.7	218.6
Total revenues	3,028.9	2,776.2	2,461.3	2,352.7	2,027.9	1,807.7	1,810.4	1,779.1
Revenue growth [+]	9.1%	12.8%	4.6%	16.0%	12.2%	-0.1%	1.8%	1.3%
Corporate Finance & Restructuring						-0.3%	9.7%	12.6%
Economic Consulting	-0.3%	16.4%	1.1%	11.0%	7.7%	-0.9%	11.7%	-0.7%
Forensic and Litigation Consulting						1.0%	-5.1%	-0.2%
Strategic Communications	7.1%	17.0%	-5.9%	8.8%	16.0%	0.7%	0.6%	0.3%
Technology	11.4%	28.9%	3.4%	16.1%	6.2%	-1.6%	-18.7%	-9.4%
Cost of goods sold	2,066.0	1,915.5	1,672.7	1,534.9	1,328.1	1,215.6	1,210.8	1,171.4
Gross profit	962.9	860.7	788.6	817.8	699.8	592.2	599.6	607.7
Gross margin	31.8%	31.0%	32.0%	34.8%	34.5%	32.8%	33.1%	34.2%
Selling, general and administrative	641.1	537.8	488.4	504.1	465.6	432.0	436.7	432.7
Other operating expenses	-2.4	-2.8	-5.6	-2.4	-0.5	-1.6
EBITDA [+]	360.2	359.9	338.4	346.3	266.2	182.4	191.3	194.7
EBITDA growth	0.1%	6.4%	-2.3%	30.1%	46.0%	-4.7%	-1.7%	-2.1%
EBITDA margin	11.9%	13.0%	13.7%	14.7%	13.1%	10.1%	10.6%	10.9%
Depreciation	35.9	34.3	32.7	30.2	31.5	20.6	28.4	19.7
EBITA	324.3	325.6	305.7	316.1	234.6	161.7	162.9	175.0
EBITA margin	10.7%	11.7%	12.4%	13.4%	11.6%	8.9%	9.0%	9.8%
Amortization of intangibles	9.6	10.8	10.4	8.2	8.2	10.6	10.3	11.7
EBIT [+]	314.6	314.8	295.4	308.0	226.5	151.2	152.6	163.3
EBIT growth	-0.1%	6.6%	-4.1%	36.0%	49.8%	-0.9%	-6.6%	-0.3%
EBIT margin	10.4%	11.3%	12.0%	13.1%	11.2%	8.4%	8.4%	9.2%
Non-recurring items [+]	10.7	2.8	12.7	2.4	0.5	42.5	10.4	-1.2
Unusual expense	2.4	2.8	5.6	2.4	0.5	1.6
Loss on contingent liability								-1.2
Interest expense, net [+]	10.0	20.3	19.8	19.2	27.1	25.4	24.8	39.5
Interest expense	10.0	20.3	19.8	19.2	27.1	25.4	24.8	42.8
Interest income								3.2
Other income (expense), net [+]	3.9	6.2	-0.4	2.1	8.9	3.8	10.5	-19.6
Gain (loss) on sale of business					13.0
Gain (loss) on debt retirement					-9.1			-19.6
Pre-tax income	297.7	297.9	262.4	288.5	207.8	87.1	127.8	105.4
Income taxes	62.2	63.0	51.8	71.7	57.2	-20.9	42.3	39.3
Tax rate	20.9%	21.1%	19.7%	24.9%	27.5%		33.1%	37.3%
Net income	235.5	235.0	210.7	216.7	150.6	108.0	85.5	66.1
Net margin	7.8%	8.5%	8.6%	9.2%	7.4%	6.0%	4.7%	3.7%

Basic EPS [+]	$6.99	$7.02	$5.92	$5.89	$4.06	$2.79	$2.09	$1.62
Growth	-0.4%	18.6%	0.4%	45.2%	45.5%	33.6%	29.2%	9.2%
Diluted EPS [+]	$6.58	$6.65	$5.67	$5.69	$3.93	$2.75	$2.05	$1.58
Growth	-1.0%	17.2%	-0.3%	44.7%	42.7%	34.3%	29.5%	9.6%

Shares outstanding (basic) [+]	33.7	33.5	35.6	36.8	37.1	38.7	40.9	40.8
Growth	0.6%	-5.9%	-3.2%	-0.9%	-4.1%	-5.5%	0.2%	2.8%
Shares outstanding (diluted) [+]	35.8	35.3	37.1	38.1	38.3	39.2	41.7	41.7
Growth	1.3%	-4.9%	-2.5%	-0.5%	-2.2%	-6.0%	0.0%	2.5%

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