Advanced Disposal Services, Inc. (ADSW) [Rocket]

In millions, except per share items	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
South	646	609	571		510	516	475	337
Midwest	562	549	557		542	545	513	55
East	415	401	380		345	342	331	146
Residential Collection Revenue	411	403
Total revenues	1,623	1,558	1,508	2,270	1,396	1,403	1,319	538
Revenue growth [+]	4.2%	3.4%	-33.6%	62.6%	-0.5%	6.4%	145.2%	25.9%
South	6.0%	6.8%			-1.0%	8.5%	41.1%	6.3%
Midwest	2.5%	-1.5%			-0.7%	6.4%	835.4%
East	3.6%	5.3%			0.7%	3.4%	126.5%	32.2%
Residential Collection Revenue	2.0%
Commercial Collection Revenue	5.4%
Cost of goods sold	1,059	1,006	962	866	867	896	833	337
Gross profit	564	552	546	1,405	530	507	486	201
Gross margin	34.8%	35.4%	36.2%	61.9%	37.9%	36.1%	36.9%	37.4%
Selling, general and administrative [+]	208	182	170	157	153	155	172	102
Sales and marketing						155
General and administrative						0
Other selling, general and administrative						155
Other operating expenses	1	1	1	866	1	0
EBITDA [+]	356	370	375	381	376	352	320	121
EBITDA growth	-3.8%	-1.3%	-1.8%	1.5%	6.6%	10.1%	164.3%	4.0%
EBITDA margin	21.9%	23.7%	24.9%	16.8%	26.9%	25.1%	24.3%	22.5%
Depreciation	248	231	228	204	216	229	243	111
EBITA	108	139	147	177	160	123	78	10
EBITA margin	6.7%	8.9%	9.7%	7.8%	11.4%	8.8%	5.9%	1.9%
Amortization of intangibles	31	39	42	43	43	42	42	16
EBIT [+]	77	99	105	135	117	81	35	-5
EBIT growth	-22.7%	-5.3%	-22.0%	15.3%	44.6%	128.6%	-792.2%	-121.3%
EBIT margin	4.7%	6.4%	7.0%	5.9%	8.4%	5.8%	2.7%	-0.9%
Non-recurring items [+]	2	-2	15	3	22	11	13	56
Asset impairment	2	-3	11	2	22			44
Loss (gain) on sale of assets						7	3	2
Interest expense	101	96	93	130	138	142	163	49
Interest expense	101	96	93	130	138	142	163	49
Other income (expense), net [+]	-1	8		-58	-10	-26	0	-8
Other	-1	9	4	7	-10	-26	0	1
Pre-tax income	-27	14	-3	-56	-53	-98	-141	-118
Income taxes	-20	5	-41	-26	-19	-81	-45	-14
Tax rate	75.6%	32.9%	1420.7%	45.8%	36.6%	82.2%	32.3%	11.4%
Minority interest								-1
Earnings from continuing ops	-7	9	38	-30	-34	-18	-73	-103
Earnings from discontinued ops						0	-23	-89
Net income	-7	9	38	-30	-34	-17	-95	-193
Net margin	-0.4%	0.6%	2.5%	-1.3%	-2.4%	-1.2%	-7.2%	-35.8%

Basic EPS [+]	($0.07)	$0.11	$0.43	($0.44)	($0.52)	($0.27)	($89,987.83)	($103,400.00)
Growth	-169.9%	-75.5%	-199.1%	-16.0%	89.8%	-100.0%	-13.0%
Diluted EPS [+]	($0.07)	$0.11	$0.43	($0.44)	($0.52)	($0.27)	($72,800.00)	($103,400.00)
Growth	-170.5%	-75.6%	-198.5%	-16.0%	89.8%	-100.0%	-29.6%

Dividends per share [+]								$23,500.00
Growth							-100.0%

Shares outstanding (basic) [+]	89	89	88	69	64	64	0	0
Growth	0.5%	0.3%	27.2%	7.7%	0.0%	7971923.7%	-19.1%
Shares outstanding (diluted) [+]	89	89	89	69	64	64	0	0
Growth	-0.5%	0.6%	28.0%	7.7%	0.0%	6449253.6%	0.0%

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