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: |
Contract Operations | 677.8 | 648.3 | 738.9 | 771.5 | 672.5 | 610.9 | | 781.2 |
Aftermarket Services | 167.8 | 133.2 | 136.1 | 193.9 | 231.9 | 183.7 | | 216.9 |
Total revenues | 845.6 | 781.5 | 875.0 | 965.5 | 904.4 | 794.7 | 0.0 | 998.1 |
Revenue growth [+] | 8.2% | -10.7% | -9.4% | 6.7% | 13.8% | | -100.0% | 4.1% |
Contract Operations | 4.5% | -12.3% | -4.2% | 14.7% | 10.1% | | | 7.1% |
Aftermarket Services | 26.0% | -2.1% | -29.9% | -16.4% | 26.2% | | | -5.7% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 379.9 | 0.0 |
Gross profit | 845.6 | 781.5 | 875.0 | 965.5 | 904.4 | 794.7 | -379.9 | 998.1 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | | 100.0% |
Selling, general and administrative | 117.2 | 107.2 | 105.1 | 117.7 | 101.6 | 111.5 | 114.5 | 131.9 |
Equity in earnings | | | | | | | | |
Other operating expenses | 400.4 | 350.1 | 454.0 | 500.8 | 501.9 | 418.5 | -806.0 | 495.0 |
EBITDA [+] | 328.0 | 324.2 | 315.8 | 346.9 | 301.0 | 264.7 | 311.6 | 371.2 |
EBITDA growth | 1.1% | 2.7% | -9.0% | 15.3% | 13.7% | -15.0% | -16.0% | 11.4% |
EBITDA margin | 38.8% | 41.5% | 36.1% | 35.9% | 33.3% | 33.3% | | 37.2% |
Depreciation | 155.4 | 167.6 | 177.5 | 172.8 | 158.4 | 170.8 | 191.1 | 212.0 |
EBITA | 172.6 | 156.6 | 138.3 | 174.1 | 142.5 | 93.9 | 120.5 | 159.1 |
EBITA margin | 20.4% | 20.0% | 15.8% | 18.0% | 15.8% | 11.8% | | 15.9% |
Amortization of intangibles | 8.9 | 11.3 | 15.6 | 15.3 | 16.5 | 17.8 | 17.9 | 17.1 |
EBIT [+] | 163.7 | 145.3 | 122.7 | 158.8 | 126.0 | 76.1 | 102.6 | 142.0 |
EBIT growth | 12.7% | 18.4% | -22.8% | 26.0% | 65.5% | -25.8% | -27.8% | 17.6% |
EBIT margin | 19.4% | 18.6% | 14.0% | 16.5% | 13.9% | 9.6% | | 14.2% |
Non-recurring items [+] | | 2.9 | 108.3 | | | 30.5 | 116.7 | 133.5 |
Asset impairment | | | 99.8 | | | 29.1 | 87.4 | 125.0 |
Restructuring charges | | 2.9 | 8.5 | | | 1.4 | 16.9 | 4.7 |
Interest expense | 101.3 | 108.1 | 105.7 | 104.7 | 93.3 | 88.8 | 83.9 | 107.6 |
Interest expense | 101.3 | 108.1 | 105.7 | 104.7 | 93.3 | 88.8 | 83.9 | 107.6 |
Other income (expense), net [+] | -1.8 | 4.7 | 5.3 | 4.3 | 2.6 | 0.5 | 8.6 | -7.1 |
Acquisition-related costs | | | | 8.2 | 10.2 | 0.3 | | |
Gain (loss) on debt retirement | | | -4.0 | -3.7 | -2.5 | -0.3 | | 9.2 |
Other | -1.8 | 4.7 | 1.4 | 0.7 | 0.2 | 0.2 | 8.6 | 2.1 |
Pre-tax income | 60.6 | 39.0 | -86.0 | 58.5 | 35.3 | -42.6 | -89.4 | -106.2 |
Income taxes | 16.3 | 10.7 | -17.5 | -39.1 | 6.2 | -61.1 | -24.6 | 53.2 |
Tax rate | 26.9% | 27.6% | 20.4% | | 17.4% | 143.3% | 27.5% | |
Minority interest | | | | | 8.1 | -0.5 | -10.7 | 6.9 |
Earnings from continuing ops | 44.3 | 28.2 | -68.4 | 97.6 | 21.1 | 37.5 | -54.1 | -325.6 |
Earnings from discontinued ops | | | | | | -0.1 | -0.4 | 33.7 |
Net income | 44.3 | 28.2 | -68.4 | 97.3 | 21.1 | 37.4 | -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) |
Growth | 55.3% | -141.0% | -163.9% | 268.4% | -64.2% | -168.7% | -83.5% | 603.0% |
Diluted EPS [+] | $0.29 | $0.19 | ($0.45) | $0.71 | $0.19 | $0.54 | ($0.78) | ($4.76) |
Growth | 55.4% | -141.0% | -163.9% | 268.7% | -64.2% | -168.6% | -83.5% | 603.0% |
|
Dividends per share [+] | $0.58 | $0.58 | $0.58 | $0.55 | $0.50 | $0.49 | $0.51 | $0.60 |
Growth | 0.0% | 0.0% | 4.7% | 9.9% | 2.9% | -3.2% | -15.6% | 0.0% |
|
Shares outstanding (basic) [+] | 153.3 | 151.7 | 150.8 | 137.5 | 109.3 | 69.6 | 69.0 | 68.4 |
Growth | 1.1% | 0.6% | 9.7% | 25.8% | 57.2% | 0.8% | 0.8% | 3.3% |
Shares outstanding (diluted) [+] | 153.4 | 151.8 | 150.8 | 137.5 | 109.4 | 69.7 | 69.0 | 68.4 |
Growth | 1.0% | 0.7% | 9.7% | 25.7% | 57.1% | 1.0% | 0.8% | 3.3% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |