Despegar.com, Corp. (DESP) [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	538.0	322.8	131.3	524.9	530.6	523.9	411.2	421.7
Revenue growth	66.6%	145.8%	-75.0%	-1.1%	1.3%	27.4%	-2.5%
Cost of goods sold	182.9	160.2	103.8	179.6	172.1	142.5	126.7	154.2
Gross profit	355.1	162.6	27.5	345.3	358.5	381.5	284.5	267.5
Gross margin	66.0%	50.4%	20.9%	65.8%	67.6%	72.8%	69.2%	63.4%
Sales and marketing	165.2	95.3	57.3	187.9	174.4	166.3	121.5	170.1
Research and development	90.0	74.7	67.0	73.4	71.2	71.3	63.3	73.5
General and administrative	101.5	83.7	76.4	93.0	67.2	72.6	64.7	78.2
EBITA	27.1	-63.2	-155.7	7.2	55.9	80.0	42.9	-45.1
EBITA margin	5.0%	-19.6%	-118.5%	1.4%	10.5%	15.3%	10.4%	-10.7%
Amortization of intangibles	29.0	27.3	21.7	16.1	10.1	8.8	7.8	9.3
EBIT	-1.9	-90.4	-177.4	-8.9	45.8	71.2	35.1	-54.4
EBIT margin	-0.4%	-28.0%	-135.0%	-1.7%	8.6%	13.6%	8.5%	-12.9%
Pre-tax income	-47.2	-106.1	-164.3	-26.1	26.2	54.4	28.3	-67.3
Income taxes	21.3	-0.2	-21.4	-5.2	7.1	12.0	10.5	18.0
Tax rate		0.2%	13.0%	20.0%	27.0%	22.1%	37.2%
Net income	-68.5	-104.6	-142.6	-20.9	19.2	42.4	17.8	-85.3
Net margin	-12.7%	-32.4%	-108.6%	-4.0%	3.6%	8.1%	4.3%	-20.2%

Diluted EPS	($0.89)	($1.36)	($2.10)	($0.30)	$0.27	$0.69	$0.30	($1.49)
Shares outstanding (diluted)	76.8	76.7	68.0	69.5	71.3	61.5	58.6	57.2

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