LinnCo, LLC (LNCO) [Rocket]

In millions, except per share items	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Apr-30-12	Dec-31-11	Dec-31-10	Dec-31-09
	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K/A	S-1/A
Revenues [+]	0.0	0.0	0.0	1,774.2		1,622.5	772.3	273.1
Oil & gas								408.2
Other								1.9
Revenue growth			-100.0%	9.4%		110.1%	182.7%
Cost of goods sold	0.0	0.0	0.0	1,032.1		340.0	0.0	132.6
Gross profit	0.0	0.0	0.0	742.1		1,282.5	772.3	140.5
Gross margin				41.8%		79.0%	100.0%	51.4%
Selling, general and administrative [+]	3.4	2.8	42.1	205.0		137.0	101.8	115.9
Sales and marketing				31.8		3.7	2.7	2.2
General and administrative [+]	3.4	2.8	42.1	173.2		133.3	99.1	113.7
General and administrative expenses	3.4	2.8	42.1					86.1
Operating taxes								27.6
Equity in earnings	-1,181.6	-1,965.0	-244.2
Other operating expenses [+]	-3.4	-2.8	-42.1	131.3		540.8	549.1	75.0
Exploration expenses								7.2
EBITDA [+]				1,012.0		938.8		-50.4
EBITDA growth	-39.9%	704.7%	-124.1%	7.8%		673.4%	-341.0%
EBITDA margin				57.0%		57.9%	15.7%	-18.4%
Depreciation and amortization				606.2		334.1		201.8
EBIT [+]	-1,181.6	-1,965.0	-244.2	405.9		604.7	121.4	-252.1
EBIT growth	-39.9%	704.7%	-160.2%	-32.9%		398.2%	-148.1%
EBIT margin				22.9%		37.3%	15.7%	-92.3%
Non-recurring items [+]				424.0		3.5	45.1	-47.4
Asset impairment	5,814.0	2,303.7	828.3	422.5			38.6
Loss (gain) on sale of assets								-47.4
Interest expense				379.9		259.7	193.5	92.7
Interest expense				379.9		259.7	193.5	92.7
Other income (expense), net [+]	-3.4	10.9	-760.3	14.3		102.4	7.2	-2.7
Gain (loss) on derivative instruments								-141.4
Other								-2.7
Pre-tax income	-1,185.0	-1,954.1	-1,004.5	-383.8		443.9	-110.0	-300.1
Income taxes	-10.6	-734.7	-92.1	2.8		5.5	4.2	-4.2
Tax rate	0.9%	37.6%	9.2%			1.2%		1.4%
Earnings from continuing ops	-1,174.4	-1,219.5	-912.4	-386.6		438.4	-114.3	-293.5
Earnings from discontinued ops								-2.4
Net income	-1,174.4	-1,219.5	-912.4	-386.6		438.4	-114.3	-295.8
Net margin				-21.8%		27.0%	-14.8%	-108.3%

Basic EPS [+]	($9.14)	($9.49)	($23.46)	($1.90)		$2.55	($0.80)	($2.46)
Growth	-3.7%	-59.6%	1136.4%	-174.4%		-417.9%	-67.4%
Diluted EPS [+]	($9.14)	($9.49)	($23.46)	($1.90)		$2.54	($0.80)	($2.46)
Growth	-3.7%	-59.6%	1136.4%	-174.7%		-416.6%	-67.4%

Dividends per share [+]	$0.94	$2.90	$2.88					$2.52
Growth	-67.7%	0.7%					-100.0%

Shares outstanding (basic) [+]	128.5	128.5	38.9	203.8		172.0	142.5	119.3
Growth	0.0%	230.4%	-80.9%	18.5%		20.7%	19.5%
Shares outstanding (diluted) [+]	128.5	128.5	38.9	203.8		172.7	142.5	119.3
Growth	0.0%	230.4%	-80.9%	18.0%		21.2%	19.5%

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