Oiltanking Partners, L.P. (OILT) [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
	10-K	10-K	10-K	10-K	10-K	S-1/A
Revenues:
Storage service fees	120.2	97.6	87.8	87.2	74.9
Throughput fees	79.7	29.1	24.0	23.2	20.3	16.3
Ancillary service fees	11.0	8.8	5.6	6.1	5.7
Storage services fees						56.7
Other						6.0
Total revenues	211.0	135.5	117.4	116.5	100.8	79.1
Revenue growth [+]	55.7%	15.4%	0.8%	15.5%	27.5%
Storage service fees	23.2%	11.2%	0.7%	16.4%
Throughput fees	173.8%	21.4%	3.6%	14.2%	24.1%
Ancillary service fees	25.3%	57.0%	-8.5%	7.4%
Cost of goods sold	43.9	36.0	31.9	32.4	29.2	29.4
Gross profit	167.0	99.5	85.5	84.0	71.7	49.7
Gross margin	79.2%	73.4%	72.9%	72.2%	71.1%	62.8%
Selling, general and administrative	21.8	18.9	18.0	15.8	13.8	9.7
Other operating expenses	-0.3		-0.9	-4.7		29.6
EBITDA [+]	145.6	80.6	68.5	72.9	57.9	23.2
EBITDA growth	80.6%	17.8%	-6.2%	26.1%	149.1%
EBITDA margin	69.0%	59.5%	58.3%	62.6%	57.4%	29.4%
Depreciation and amortization	20.4	15.9	15.7	15.6	14.2	12.9
EBIT [+]	125.2	64.7	52.8	57.4	43.7	10.4
EBIT growth	93.4%	22.6%	-8.0%	31.4%	321.2%
EBIT margin	59.3%	47.8%	45.0%	49.3%	43.3%	13.1%
Non-recurring items [+]	-0.3	0.0	0.5	-0.3	0.3
Asset impairment				0.0	0.2
Loss (gain) on sale of assets	-0.3	0.0	0.5	-0.3	0.1
Interest expense, net [+]	7.4	1.6	5.4	9.5	8.3	7.2
Interest expense	7.4	1.7	5.4	9.5	8.4	7.4
Interest income	0.0	0.0	0.0	0.1	0.1	0.1
Other income (expense), net [+]	0.0	0.1	-6.0	1.1	0.5	15.6
Gain (loss) on debt retirement			-6.4
Other	0.0	0.1	0.4	1.1	0.5
Pre-tax income	118.2	63.2	40.9	49.3	35.6	18.8
Income taxes	1.1	0.6	0.0	0.0	0.0	6.2
Tax rate	0.9%	0.9%	0.0%	0.0%	0.0%	32.9%
Net income	95.0	61.2	62.4	37.8	25.1	12.6
Net margin	45.0%	45.1%	53.2%	32.5%	24.9%	15.9%




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