NEWTEK BUSINESS SERVICES, INC. (NEWT) [Rocket]

In millions, except per share items	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Electronic payment processing	89.7	85.5	82.5	80.9			0.1	0.4
Small business finance	34.1	25.4	21.0	9.4			0.1	0.1
Managed technology solutions	17.6	18.2	19.2	19.2
All other	2.6	1.9	1.8	1.5			1.3	0.8
Other		0.2	0.8	1.7			91.3	86.9
Total revenues [+]	143.6	131.1	125.3	112.7	105.7	98.9	92.8	88.2
Services					105.7
Net interest income	4.8	3.4	2.6	1.9	10.4	10.9
Other income	3.9	3.1	3.0	2.5
Revenue growth [+]	9.5%	4.6%	11.2%	6.6%	6.9%	6.5%	5.3%	-8.0%
Electronic payment processing	4.9%	3.6%	1.9%				-67.3%	35.4%
Small business finance	34.3%	20.8%	124.4%				-60.9%
Managed technology solutions	-3.5%	-5.1%	0.1%
All other	38.1%	1.4%	20.2%				74.7%	-57.3%
Capcos	-68.8%	-54.4%	-38.7%				203.7%	10.4%
Cost of goods sold [+]	131.3	120.6	117.7	115.4	110.6	21.9	22.3	16.9
Cost of services	75.8	72.2	69.4	68.2	58.3
Labor costs	24.4	22.3	21.0	19.4	18.4
Gross profit	12.3	10.6	7.7	-2.7	-4.9	77.0	70.5	71.3
Gross margin	8.5%	8.1%	6.1%	-2.4%	-4.6%	77.9%	76.0%	80.9%
Selling, general and administrative	6.6	3.0	4.0	4.7	5.8	7.6	6.6	5.3
Equity in earnings
Other operating expenses	-17.9	-9.2	-6.7	-17.4	-22.9	111.9
EBITDA [+]	20.2	16.7	10.4	10.1	12.2	-35.0	-24.8	-13.9
EBITDA growth	21.2%	60.5%	3.2%	-17.5%	-134.9%	41.0%	78.9%	-507.9%
EBITDA margin	14.1%	12.7%	8.3%	8.9%	11.5%	-35.4%	-26.7%	-15.7%
Depreciation	2.9	2.4	2.6	3.1	5.8	7.6	7.4	6.4
EBITA	17.3	14.3	7.8	6.9	6.3	-42.5	-32.2	-20.2
EBITA margin	12.0%	10.9%	6.2%	6.2%	6.0%	-43.0%	-34.6%	-22.9%
Amortization of intangibles	0.4	0.6	1.4	1.6
EBIT [+]	16.9	13.6	6.4	5.4	6.3	-42.5	-32.2	-20.2
EBIT growth	24.1%	112.0%	20.1%	-15.6%	-114.9%	32.3%	59.0%	1659.3%
EBIT margin	11.8%	10.4%	5.1%	4.8%	6.0%	-43.0%	-34.6%	-22.9%
Non-recurring items [+]		-0.3	1.0				0.2
Asset impairment							0.2
Interest expense	5.9	4.5	3.4	4.5	10.4		14.8	17.0
Interest expense	5.9	4.5	3.4	4.5	10.4		14.8	17.0
Other income (expense), net						29.5	29.6	34.0
Pre-tax income	11.1	9.4	2.0	0.9	-4.0	-13.1	-17.5	-3.2
Income taxes	3.9	3.9	-1.2	-0.4	-2.6	-2.1	-6.4	-0.6
Tax rate	35.4%	41.1%			64.8%	15.7%	36.4%	18.1%
Minority interest	0.4	0.1	0.1	0.1	1.0	0.6	0.4	0.4
Earnings from continuing ops	7.5	5.6	3.3	1.4	-2.4	-11.0	-11.1	-2.6
Earnings from discontinued ops							-0.5	0.5
Net income	7.5	5.6	3.3	1.4	-2.4	-11.0	-11.6	-2.1
Net margin	5.2%	4.3%	2.7%	1.3%	-2.3%	-11.1%	-12.5%	-2.4%

Basic EPS [+]	$0.21	$0.16	$0.09	$0.04	($0.07)	($0.29)	$1,114,400.00	($0.08)
Growth	34.3%	70.1%	131.4%	-160.2%	-76.9%	-100.0%	-1478869963.0%	-134.8%
Diluted EPS [+]	$0.20	$0.15	$0.09	$0.04	($0.07)	($0.29)	$1,114,400.00	($0.08)
Growth	29.3%	66.1%	130.0%	-160.0%	-76.9%	-100.0%	-1478869963.0%	-134.8%

Dividends per share [+]					$0.02
Growth				-100.0%

Shares outstanding (basic) [+]	35.3	35.5	35.7	35.7	35.6	38.0	0.0	34.9
Growth	-0.6%	-0.5%	0.1%	0.0%	-6.2%	-379965617.2%	-100.0%	1.9%
Shares outstanding (diluted) [+]	37.9	36.7	36.1	35.8	35.6	38.0	0.0	34.9
Growth	3.2%	1.9%	0.8%	0.4%	-6.2%	-379965617.2%	-100.0%	1.9%

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