AMEREN CORP (AEE) [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	7,957	6,394	5,794	5,910	6,291	6,174	6,076	6,098
Revenue growth	24.4%	10.4%	-2.0%	-6.1%	1.9%	1.6%	-0.4%	0.7%
Cost of goods sold	657	442	272	331	374	1,048	1,086	1,674
Gross profit	7,300	5,952	5,522	5,579	5,917	5,126	4,990	4,424
Gross margin	91.7%	93.1%	95.3%	94.4%	94.1%	83.0%	82.1%	72.5%
Selling, general and administrative
General and administrative	539	512	483	481	483	477	467	473
EBITA	1,515	1,333	1,300	1,267	1,357	1,486	1,410	1,425
EBITA margin	19.0%	20.8%	22.4%	21.4%	21.6%	24.1%	23.2%	23.4%
Amortization of intangibles						76	88	97
EBIT	1,515	1,333	1,300	1,267	1,357	1,410	1,322	1,328
EBIT margin	19.0%	20.8%	22.4%	21.4%	21.6%	22.8%	21.8%	21.8%
Pre-tax income	1,255	1,152	1,032	1,016	1,058	1,105	1,041	948
Income taxes	176	157	155	182	237	576	382	363
Tax rate	14.0%	13.6%	15.0%	17.9%	22.4%	52.1%	36.7%	38.3%
Earnings from continuing ops	1,074	990	871	828	815	523	653	585
Earnings from discontinued ops								51
Net income	1,074	990	871	828	815	523	653	636
Net margin	13.5%	15.5%	15.0%	14.0%	13.0%	8.5%	10.7%	10.4%

Diluted EPS	$4.14	$3.84	$3.50	$3.35	$3.32	$2.14	$2.68	$2.40
Shares outstanding (diluted)	260	258	249	247	246	244	243	244

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