Noble Corp plc [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-20
	10-K	10-K
Revenues:
Ghana	35.0
Netherlands	13.4
Mexico	30.8
Suriname	133.7	61.5
Other	1,201.0	902.8
Total revenues	1,413.8	964.3
Cost of goods sold	146.9	374.1
Gross profit	1,267.0	590.1
Gross margin	89.6%	61.2%
Selling, general and administrative [+]	82.2	121.2
General and administrative	82.2	121.2
Other operating expenses	961.5	615.7
EBITDA	370.1	227.4
EBITDA margin	26.2%	23.6%
Depreciation and amortization	146.9	374.1
EBIT	223.3	-146.7
EBIT margin	15.8%	-15.2%
Non-recurring items [+]	-5.5	3,929.8
Asset impairment		3,915.4
Restructuring charges	84.7	14.4
Loss (gain) on sale of assets	-90.2
Unusual expense	0.1
Interest expense	42.7	164.7
Interest expense	42.7	164.7
Other income (expense), net [+]	5.5	2.3
Reorganization items		-23.9
Pre-tax income	191.5	-4,238.9
Income taxes	22.6	-260.4
Tax rate	11.8%	6.1%
Net income	168.9	-3,978.5
Net margin	11.9%	-412.6%

Basic EPS	$1.99	($15.86)
Diluted EPS	$1.73	($15.86)

Shares outstanding (basic)	85.1	250.8
Shares outstanding (diluted)	97.6	250.8

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