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Archrock, Inc. (AROC)

Income Statement Business | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Contract Operations  677.8648.3738.9771.5672.5610.9 781.2
    Aftermarket Services  167.8133.2136.1193.9231.9183.7 216.9
Total revenues  845.6781.5875.0965.5904.4794.70.0998.1
            Revenue growth   [+]8.2%-10.7%-9.4%6.7%13.8% -100.0%4.1%
Cost of goods sold  0.00.00.00.00.00.0379.90.0
Gross profit  845.6781.5875.0965.5904.4794.7-379.9998.1
            Gross margin  100.0%100.0%100.0%100.0%100.0%100.0% 100.0%
Selling, general and administrative  117.2107.2105.1117.7101.6111.5114.5131.9
Equity in earnings          
EBITDA   [+]328.0324.2315.8346.9301.0264.7311.6371.2
            EBITDA margin  38.8%41.5%36.1%35.9%33.3%33.3% 37.2%
Depreciation  155.4167.6177.5172.8158.4170.8191.1212.0
EBITA  172.6156.6138.3174.1142.593.9120.5159.1
            EBITA margin  20.4%20.0%15.8%18.0%15.8%11.8% 15.9%
Amortization of intangibles  8.911.315.615.316.517.817.917.1
EBIT   [+]163.7145.3122.7158.8126.076.1102.6142.0
            EBIT margin  19.4%18.6%14.0%16.5%13.9%9.6% 14.2%
Non-recurring items   [+] 2.9108.3  30.5116.7133.5
Interest expense  101.3108.1105.7104.793.388.883.9107.6
Other income (expense), net   [+]-1.84.75.34.32.60.58.6-7.1
Pre-tax income  60.639.0-86.058.535.3-42.6-89.4-106.2
Income taxes  16.310.7-17.5-39.16.2-61.1-24.653.2
            Tax rate  26.9%27.6%20.4% 17.4%143.3%27.5% 
Minority interest      8.1-0.5-10.76.9
Earnings from continuing ops  44.328.2-68.497.621.137.5-54.1-325.6
Earnings from discontinued ops       -0.1-0.433.7
Net income  44.328.2-68.497.321.137.4-54.6-291.9
            Net margin  5.2%3.6%-7.8%10.1%2.3%4.7% -29.2%
   
Basic EPS   [+]$0.29$0.19($0.45)$0.71$0.19$0.54($0.78)($4.76)
Diluted EPS   [+]$0.29$0.19($0.45)$0.71$0.19$0.54($0.78)($4.76)
   
Dividends per share   [+]$0.58$0.58$0.58$0.55$0.50$0.49$0.51$0.60
   
Shares outstanding (basic)   [+]153.3151.7150.8137.5109.369.669.068.4
Shares outstanding (diluted)   [+]153.4151.8150.8137.5109.469.769.068.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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